Wealthy Mindset Series #17

Avoid either/or thinking

As you know, one of the most important keys to creating wealth is the right attitude. In Series #16 we spoke about how the wealthy pay attention to the language they use with others as well as their self-talk.

In this series today we will talk about how the wealthy avoid either/or thinking.

How does it show up?

As an example, let’s say you only have one dollar and you want to buy either a candy bar for that dollar or a magazine for that dollar. Well, you can either buy the candy bar or the magazine, but with only one dollar you can’t buy both. That is the either/or thinking.

The wealthy mindset asks, “What do I need to do to have both the candy bar and the magazine?” In asking a question like that, or “How can I buy both?” allows the mind to search for an answer.

That answer might look like, “If I buy four bottles of water for 25 cents each, make them cold, and sell them for $1.00 each, then I will have $3.00 more than I started with.  Then I can buy the candy, the magazine and have $1.00 left over.

And when my wife and I were in Nashville, Tennessee I found a fellow doing a brisk business selling cold water out of an ice chest for two dollars a bottle. I even purchased one before I took this photo.

Here the thinking went from either/or to have it all.

Listen to your self-talk. Does it sound like either/or thinking? If so, begin to ask questions about how you can have it all: What do you need to do to have both? Who can you talk to who can provide suggestions on how to have it all? Where can you see examples of people who have done what you want to do?

In the next article of the series we will talk about how the wealthy make long range planning decisions versus striving for short term gratification.

To your prosperity,

Rennie