The way to generate Long-Term Wealth is financial awareness
One of the biggest issues with the way most people approach their personal finance is that the benefit of creating different possibilities with their wealth and finance are constantly being postponed. Many people fail to have any regard for their financial future in a responsible way. They lay in bed at night, worrying about the future and what might occur. The very idea of having a lot of money is unfeasible to them. It's something others have, but for them, it's just an unrealistic dream.
The reason most people fail financially and are unable to create the life they desire is almost always because they don't know that they have other choices. They function from fixed ideas of how things are supposed to be, rather than functioning with awareness in the moment, where they can choose to be and do something different. What if you knew differently?
My question to you would be; “Do you know it is supposed to be different? Do you sense that there is a different way of looking at wealth and a different way of creating new and different possibilities?" You must or you wouldn’t be reading this blog.
Creating sustainable long-term wealth is really about how to go from where you are today to where you truly want to be in the future. It's about increasing the quality of your financial future by developing the one fundamental skill that the vast majority of people have never developed: financial awareness.
Most of us are refusing the awareness of choice. If we are truly aware, we know we have choices and we would not create financial difficulties in our life. What if financial difficulties are not actually real? What if they are just a concept that appears to be true? What if our financial difficulties are created because we have bought into the lies of scarcity that are based on the appearance of poverty in this reality?
This isn’t “woo-woo” stuff
The need to be financially aware and literate is often overlooked yet an increasingly important task for all of us. You can never feel confidence about your financial reality and investment portfolio as long as you lack financial awareness. Your deficiency in this capacity works at a deep level to undermine your financial well-being. This isn’t “woo-woo” stuff: it’s just how awareness works.
Our culture is so conformity oriented that we tend to lose touch with our awareness, which connects us to new and different possibilities. Blessed is the person who is willing to expand their financial awareness and is willing to follow the energy to create something different, beyond the known.
Very few people choose to make financial awareness their priority, and that’s why so few people succeed financially. Unfortunately, most people believe this is something we pay our broker or financial advisor to do for us. With this viewpoint, we can never be in charge of our own financial future. The good news is that it's not too late for most of us to take back ownership and begin to develop financial awareness to change our situation for the better.
In our view, financial awareness is the make-or-break ability that determines whether our financial activities will be wasted, or rewarded. If we don't understand how we will make money on investments and we can't see the risks, we certainly will not be able to create sustainable long-term wealth. Without awareness, we always put our personal finance at high risk. One of the fastest ways to lose money is to start investing our money into things we don't really understand.
Financial awareness is the appreciation and understanding of how finance and investment works in the world, and the ability to use this knowledge and skill to effectively manage financial resources efficiently at a personal-level. Our long-term wealth is determined by our awareness, choice, and action. With financial awareness, we know what action we need to take to have an income for life and to be able to thrive in any market condition. It’s one thing to know what to do, and it’s something else entirely to get it done. That’s why the capacity to take conscious action with enough consistency and to manage money with awareness are so critical.