Psychology of Wealth — Rules 2, 3 & 4: There Are No Rules Other Than Those We Follow

By John Sage Aurora

It seems like rules are everywhere. Since you were young, your parents set rules like “bedtime is at 8” or “you can only eat cookies on Fridays.” Now that you’re an adult, you can eat cookies whenever you want, and nobody can tell you different.

But, you’re still following rules. You probably are thinking about the laws put in place. Yes, you can’t do anything to get over those rules, but I’m speaking of different rules.

The rules I’m talking about are imaginary. They don’t exist. In fact, you’re the one that set them in the first place somewhere along the way.

Today, we’re going to break those rules and replace them with some rules that will actually get you to your goals. As part of a larger series, today, we’re going to look at rules 2, 3, and 4.

To find out more: https://johnsageadvice.tumblr.com/post/179435664066/how-to-handle-uncertainty-in-investing?is_related_post=1

https://medium.com/@john_80411/psychology-of-wealth-dealing-with-uncertainty-697f0070109c

Rule Two: There are no rules other than those you choose to follow

Continuing from Rule One, you don’t need to have rules in life. If you want, you can throw the rules out the window and spend your money on whatever. However, this isn’t always the most advisable lifestyle, so it’s best to have some rules to follow.

Even so, it’s on you to set those rules. You can’t let anyone else do it for you. We’re more likely to follow rules that we’ve set for ourselves because we know that they’re there for a purpose — not “just because.”

You need to test these rules to make sure that they are in fact useful. If not, get rid of them. In the world of property investment, you can’t hold yourself back if you don’t need to.

Rule Three: You get what you settle for

In everything in life, we end up settling for less than what we want. I’ve seen it time and time again, and if I weren’t too busy focusing on my own goals, I’d probably feel bad for these people. But the truth is, you’ll get only what you settle for. Here’s an example of this rule at work:

Let’s say your net worth is $100,000. You’d rather it be $1,000,000. So, you decide that you need to find ways to make that extra cash. At the same time, the thought of losing your $100,000 seems unbearable, and you’d much rather protect what you have then make the extra money.

You’re settling for $100,000. On the other hand, if it is simply unacceptable for you to only have $100,000, you’re unhappy with settling, and you’ll do whatever it takes to turn that into $1,000,000. If you don’t settle for less, the latter of the two scenarios is more likely to happen.

Rule Four: Anything you want in life is possible if you are willing to do what it takes

Let me be clear — I’m not proposing you abandon all ethics or morals and become a ruthless, money-hungry person. Instead, I want you to think about what you really want in life. Whether that means you want to double your net worth in the next six months or save enough for a vacation with the family, you need to be willing to do the hard work and make your goals happen.

Stay Tuned

The rules of the game don’t end there. Follow me (John Sage Aurora) on social media and keep up to date with this blog to read the next rules. www.johnsage.com.au

Resources:

https://www.investopedia.com/terms/i/investment-property.asp

http://myquarterlifecoach.com/what-are-your-personal-rules/

https://johnsageadvice.wordpress.com/2018/09/02/psychology-of-wealth-what-does-investment-mean-to-you/

https://john15106.wixsite.com/johnsagereviews/blog/the-great-investment-debate