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So I've been thinking a lot lately about my attitudes and feelings toward money. I often look at the people I am surrounded by (my bosses, my brother, etc) and I think that I see money and "security" differently.
I'm trying to figure out if this is something I can overcome and change, or if not, how do I best embrace the way I feel and make sure I act accordingly?
I know they say entrepreneurs are usually the type of people that when they are low on money, having a bad day/month/year, they get MORE creative and figure out solutions to get themselves out of the jam. I feel that I am the opposite and can look back on my old sales jobs and other situations for confirmation.
When I was selling well, making money, etc I was flying high. If I had $5,000 in the bank I was fine and NEVER worried. Cool, calm, confident with my prospects and not worried about making the sale. I knew I would make my sales, and in turn my money.
But things were very different when I was down to my last $50, and often times I was. I have liabilities that I never thought about when I had $5k in the bank, but as soon as I was low, I started worrying and selling out of desperation, and obviously that never worked as well as the cool, calm and collected attitude. :nonod:
I bring this up because I find myself looking at the real estate developers I work with who are sometimes leveraged into the $100,000,000's and down to little cash on hand. I can never tell the difference in their behaviors, attitudes, etc when they've just made or lost a million bucks. I point this out because I think this is a HUGE reason they are so successful. :banana:
I see the same thing with my brother, but on a smaller scale. He had a period a few months ago where he realized he was leveraged way over his head. He didn't freak out and worry, he simply put together a plan to fix the situation and made it work. I still can't believe the mess he got himself out of. And when you'd talk to him, you'd never know if he had just made $50k or lost it.
I know that they were both "worried," but they didn't let the worry get in the way of fixing the situation.
I find myself now low on cash, high on liabilities and no longer in a sales job. I feel like this is when I'm suppose to get creative and find a way to get out of the hole. But I feel like my creative juices have been surpressed. This is when they are supposed to come out!!!
I'd love to hear people's thoughts on this. Do you think this is just an attitude or belief that I can overcome? Or do you think it is something I need to recognize about myself and act accordingly?
Thanks.
I'm trying to figure out if this is something I can overcome and change, or if not, how do I best embrace the way I feel and make sure I act accordingly?
I know they say entrepreneurs are usually the type of people that when they are low on money, having a bad day/month/year, they get MORE creative and figure out solutions to get themselves out of the jam. I feel that I am the opposite and can look back on my old sales jobs and other situations for confirmation.
When I was selling well, making money, etc I was flying high. If I had $5,000 in the bank I was fine and NEVER worried. Cool, calm, confident with my prospects and not worried about making the sale. I knew I would make my sales, and in turn my money.
But things were very different when I was down to my last $50, and often times I was. I have liabilities that I never thought about when I had $5k in the bank, but as soon as I was low, I started worrying and selling out of desperation, and obviously that never worked as well as the cool, calm and collected attitude. :nonod:
I bring this up because I find myself looking at the real estate developers I work with who are sometimes leveraged into the $100,000,000's and down to little cash on hand. I can never tell the difference in their behaviors, attitudes, etc when they've just made or lost a million bucks. I point this out because I think this is a HUGE reason they are so successful. :banana:
I see the same thing with my brother, but on a smaller scale. He had a period a few months ago where he realized he was leveraged way over his head. He didn't freak out and worry, he simply put together a plan to fix the situation and made it work. I still can't believe the mess he got himself out of. And when you'd talk to him, you'd never know if he had just made $50k or lost it.
I know that they were both "worried," but they didn't let the worry get in the way of fixing the situation.
I find myself now low on cash, high on liabilities and no longer in a sales job. I feel like this is when I'm suppose to get creative and find a way to get out of the hole. But I feel like my creative juices have been surpressed. This is when they are supposed to come out!!!
I'd love to hear people's thoughts on this. Do you think this is just an attitude or belief that I can overcome? Or do you think it is something I need to recognize about myself and act accordingly?
Thanks.
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