Mental Strength and Money Management
No one could ride a horse if the horse discovered its real strength. The same thing is true for people. 
Horses are massive, gentle creatures who are by far larger and stronger than the men and women who handle them, yet they docilely obey the commands they are given. It doesn’t seem logical that a large, powerful animal would allow itself to be mastered by a human being, yet we have been able to use our intelligence to dominate the animal kingdom.
You can use these same forces to allow the positive side of yourself to dominate the negative. Mental strength and a positive mental attitude allow you to tap the source of great personal power that resides within you, enabling you to accomplish things you never before believed were possible.
This is especially true when it comes to money management. Sure, we can have the mental strength to climb mountains, run races and even take a deep look into our souls, but when it comes to money many seem to lack mind power to manage it correctly.
Napoleon Hill discuss the art frugality in this excerpt below
“Frugality is one of the essentials of success. The habit of planned savings encourages frugality, makes it an established habit.
Every man is where he is, and what he is, because of the habits he has acquired. The man who lives up to the limit of his income, or beyond it, never is a free man. He is forever under bondage to others, and bondage is not a welcome circumstance. It is not part of the Creator’s purpose for man.
From here on each of us is under obligation to guard our individual sources and our time as efficiently as a well managed corporation manages its funds and the time of its employees.
If this obligation confuses or irritates some of us, let us take comfort from the fact that it will at least lead us into better habits of self-discipline. And let us recognize that we are approaching the interpretation of a rule of human conduct which is the hope of mankind because it holds the secret by which we may escape from the liabilities of this age of confusion and chaos through which we are passing.
Presentation of this great rule has been reserved as a fitting climax to the principles previously described. It rightly serves as a climax for the sixteen preceding principles because it is the principle which gives moral guidance in the use of the power which the first sixteen principles place into your hands.
Power is a dangerous thing in the hand of someone who does not recognize a moral obligation in its use. The history of mankind proves this.” – Source: PMA Science of Success Course. Pg. 486.
Did you notice this part, “…serves as the climax for the sixteen preceding principles because it is the principle which gives moral guidance in the use of the power which the first sixteen principles place into your hands.”
This principle plays a huge part in the 16 personal success principles. So much so, that even we master the previous 15; they are little use if we don’t master this principle.
As a society we’ve done a lousy job of teaching the importance of money management. So with this gap individuals like Harv Eker and alike have come along to fill it.
Harv’s company, Peak Potentials Training was built around developing the correct mindset for not just money management but for financial freedom!
Another great person that I follow is Bill Losey, CFP®. Bill has a straight forward approach to “retirement intelligence.”
There are so many great individuals out there that can teach us the mindset and techniques for money management and the production of wealth that this last personal success principle should almost be the easiest.
If you’re struggling in this area find one person that you connect with (that is living what they are teaching) and follow them and them alone! The problem with having access to so many great people we tend to overwhelm ourselves with information…then we don’t do anything!
So, pick one, wither it’s Harv Eker, Bill Losey, Suze Orman or David Bach, just pick one and follow their advice completely!
I’d like to hear from you about who you have been taking advice from, this way other readers will have a greater selection to choose from. Please let us know in the comments below.
