Money and Your Path With a Heart | Steve Pavlina

There’s this idea that if we want to experience more financial abundance, we must identify and rewire our limiting beliefs about money, such as “money doesn’t grow on trees” or “money is the root of all evil.” But the people I know who have lots of money usually didn’t bother to fuss over their beliefs. In fact, current brain research tells us that dwelling on limiting beliefs can be self-defeating since you’re still reinforcing the same neural patterns by thinking about them, thereby making them stronger.

A more effective approach is to largely ignore your so-called limiting beliefs. Put your focus on what you desire first and foremost. The tricky part is figuring out what you actually desire.

I found that the best approach for me, financially speaking, is to follow my path with a heart and to admit that money just isn’t that important to me in the grand scheme of things. So I actually seek to minimize the role of money in my life, making it mostly irrelevant. I create enough financial abundance that I don’t have to devote much mental bandwidth to fussing over money. Money is there when I need it; otherwise I can largely ignore it. This frees up my attention to express my creativity, to explore relationships with people, to travel, to read a lot, and to generally enjoy and experience the aspects of life that matter to me so much more than money ever will.

When I tried to center my life around money, it didn’t make me happy. I found it pretty stressful actually. It set me up for a competitive relationship with others. And I wasn’t very good at making money for the sake of money anyway. I didn’t find myself particularly motivated to do the things that would make me more money. I would procrastinate on seemingly profitable work and spend time learning about personal growth instead, which for much of my life was just a side hobby.

Eventually I saw the folly in investing so much energy into trying to make more money, especially when I wasn’t doing a very good job of it anyway. I realized that I don’t actually want to fuss or stress over money in my life. I don’t really want to make a lot of money. That isn’t a true desire for me. A more genuine desire is that I’d like to live without giving much attention to money. I’d like to live as if everything I desire is free.

Growing up, I was inspired by the characters in the universe of Star Trek: The Next Generation. They didn’t seem to need money. Technically they did have money in their universe, but money was so unimportant that hardly anyone talked about it — except for one race that everyone made fun of. The people in that universe worked because they wanted to work, not because they got paid. Money was irrelevant because they lived in a universe of abundance. They had unlimited food, cozy quarters, quality healthcare, and speedy transportation. Having all their needs met gave them the freedom to focus on other parts of their lives: hobbies like music or painting, recreation, intimate relationships, reading, exploration, and more. They lived in the ultimate personal growth playground.

I was inspired by that idea and asked myself how close I could get to it in the real world. Obviously this reality isn’t the same idealized fictional universe, but I could at least get closer to it if I tried. I realized that one step was to earn a certain threshold level of income in such a way that it wouldn’t require me to do a lot of grunt work to maintain it, and then all my expenses would be covered. That’s what got me interested in passive income.
I’ve been experiencing that reality for many years now, and honestly… I love it.

In order to play the game of life this way, I made decisions that many people would consider foolish. That’s because their priority is to make more money. My priority is to have a life. I’m not interested in getting rich or retiring. I’m already doing what I’d do if I were retired. So I deliberately pass up many opportunities to earn more money, so I can give less attention to money and more attention to personal growth, relationships, and more. I’m very pleased with this trade-off.

I don’t want to waste my life fussing over money. I did that during much of my 20s, and I 
think it was a mistake to live that way.

What may surprise you is that I learned to live this way even when I was broke. The key is how you focus your mind. To really enjoy life, focus your mind on what you love most, and bring that into your life now — not later, not when you have more money. Whatever you think money will add to your life, you’re probably wrong about that. Add those elements to your life now. So if you think money will allow you to travel more, start traveling now, even if you’re doing a lot of couchsurfing. Realize that you already have the means to do what you tell yourself you’re going to do when you have the money. You’ve just been programmed by social conditioning to think you need more money, but you don’t. And besides, you aren’t really going to be more motivated to earn extra money if you aren’t already following your path with a heart.

Take time to experience the simple pleasures of life. Put more attention on what you can enjoy and experience right now. That doesn’t actually require money. You can enjoy a long walk for free. Long walks are still one of my favorite pleasures.

When I couldn’t afford to buy books, I would go to the library and check out five or ten personal development books and audio programs and go through them. I very much enjoyed doing that, and it was free. I still do this today, typically averaging about one audiobook per week.

Today I can buy the best organic produce. I don’t have to look at prices when I shop. I like to shop as if everything were free. Whatever the bill is, I know I have plenty of money to cover it.

When I couldn’t afford the best food, I bought the best that I could afford and learned to appreciate it. I tried different foods. I learned to cook. I expressed my desire to have growth experiences through whatever level of abundance I could muster.

That approach was very motivating. It gave me a reason to actually earn some money. My reason for earning money was to help express my desired life path — a path centered around personal growth, exploration, and relationships. The real shift happened when I stopped using a lack of money as an excuse for not pursuing that path. I released the fear of not having enough. I started pursuing this path when I was broke. The money came later.

In my experience, needing money has usually pushed it away. When I don’t adopt a needy relationship to money, I seem to attract plenty of it. It flows to me quite naturally as a result of following my path with a heart. When I’m on this path, I’m feeling good about my life, my self development, my connections to people, and my contribution to the world. That state of being is very attractive. It attracts people, opportunities, business deals, and more. And that state of being doesn’t depend on having any particular level of income.

What if I want to increase my income? Trying to increase it directly seldom works. What works for me is to expand my path with a heart first. Internally I must open my heart to greater challenges or new levels of experience. If those experiences require more money, then the money will flow into my life — but only when I take the first step and get moving.
Quite often when it seems like money is a block to having certain experiences, that’s a false belief. We block ourselves because we aren’t ready. We’ve turned our backs on our light. In truth we are very powerful and creative beings, capable of summoning wonderful experiences into our lives when we’re finally ready to embrace them — and all their rippling consequences.

I used to think that traveling overseas was a really big deal. I turned it into this behemoth of complexity. I definitely used a lack of money as a reason for not traveling more. I also used the excuse of being in a relationship with a woman who didn’t like to travel. But once I realized that those limitations were just excuses and that of course I was a powerful enough being to summon the experience of travel into my life, I simply made it happen. It felt like there was a push to get moving initially, but afterwards it felt more like allowing than pushing.

Once I started traveling more, I began getting a lot more free travel invites. As I shed the belief that I needed money to travel, I found myself being able to enjoy amazing trips while spending very little money. For instance, people would invite me to speak at their events, and they’d pay for my travel expenses and provide a place to stay. I recently received an invite for my fourth free trip to Europe within the past two years, to speak at the Lifestyle Design Convention in Zurich in January 2015. I haven’t been to Switzerland yet, so I’m really looking forward to it.

But of course this wouldn’t be happening if I wasn’t following my path with a heart. Part of that path involved facing and overcoming fears. I used to really dislike public speaking. Now I love it! It’s such a beautiful way to share a positive message and connect with people.
I’ll probably be getting speaking invitations with free travel opportunities for the rest of my life. I love speaking, I love traveling, and I love meeting new people, so this adds a lot of happiness to my life. This unfolded very gracefully by following my path with a heart. I didn’t have to push myself to do work I disliked to earn more money just so I could travel. I made travel a part of my life first, to the extent that I could afford it, and then it expanded, including the expansion of opportunities to fuel it.

You may be assuming that money is the ultimate fuel, the ultimate enabler, the ultimate resource in life. If that were true, then people with lots of money should be so much happier, shouldn’t they? But the data shows that once you get passed about $75-80K per year in income, happiness doesn’t increase with additional income and often decreases.

I have many wealthy friends who earn 10 to 100 times as much as I do. Most of them, however, actually seem less happy than I am. Some of them have told me they’re jealous of my lifestyle. They have empires to manage. They travel 150-200 days per year because they believe they have to. Otherwise they wouldn’t make as much money, and they might have to start laying people off. They often seem worried about potential threats to their revenue streams. Some of them are disturbed by the fact that I’ve uncopyrighted most of my work since they believe that intellectual property is their most valuable asset. But what does their income matter if they aren’t as happy as they could be, if they’re experiencing chronically higher stress levels, if they spend a lot of time worrying, if they wrap their self-esteem into their achievements (which sets them up for an inevitable fall)?

I think that especially in the U.S., we undervalue what actually makes us happy in life. We push ourselves to earn more, but why? If the path to get to that next level of income isn’t fulfilling, and if the money isn’t likely to fulfill you either, then why expend so much energy on an unfulfilling path? Why not put happiness and fulfillment first in our lives — and then see what it does to our incomes?

The approach that worked for me was to surrender the socially conditioned path. I gave up the path that said I have to earn lots of money first, and then I can do whatever I want and be happy. After trying that for many years, I found it foolish and unfulfilling. I actually resigned myself to being broke, figuring it would be worth it to be perpetually broke if I could at least spend a lot of time doing what I found fulfilling and enjoyable. But much to my surprise and delight, that path with a heart turn out to also be the path of abundance. 🙂

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Patterns of Success | Steve Pavlina

People usually succeed in the long run.

This is the pattern I see in my long-term readers. They may take a while to get moving on their goals at first. They may endure some false starts and setbacks. They may procrastinate now and then. But if a goal is important to them, such as creating passive income streams or finding a fulfilling relationship, they do eventually succeed.

Not all of them succeed of course. Some give up. Some get sucked back into social groups that influence them to fall off track. Some drift aimlessly without finding their focus.
But by and large, the people who persist do eventually succeed. If they keep working towards their goals, keep learning and growing, and stay conscious, they do make progress, and they do achieve their goals.

Here are some of the patterns I see in readers who succeed in achieving their long-term goals.

Take Goals Seriously

People who succeed take their goals seriously. They move their goals out of the realm of fantasy and turn them into practical objectives to be achieved.

One of the simplest ways to take your goals seriously is to turn them into mental pictures and movies that you can describe visually. If you can’t tell me what you’re seeing on the movie screen, it’s a safe bet that your goal is just a fuzzy fantasy.

Usually when people tell me about their goals the first time, it’s a fuzzy fantasy. They list things like: make more money, have more friends, and travel more. Does this tell you what you’re seeing on the movie screen? Nope. Is it clear if you’ve accomplished these goals or not? Nope. Do these pseudo-goals let you off the hook and pretend you’re making progress? 
Yup.

It’s okay to begin with a fuzzy fantasy, but don’t get stuck there. Move your goal out of the realm of fantasy, and turn it into a real-world experience. Frame your future experiences the same way you frame your past memories. Memories are events that happened. So turn your goals into similar events that can and will happen.

A real goal will eventually be achieved, and then it will become a memory. Memories involve sense perceptions, and they’re mostly visual. So if you want to set a clear goal, then describe the future memory. Traveling more or making more money isn’t a memory.

If I asked you what you did yesterday, would you say, “I made more money, had more friends, and traveled more”? If you said something like that, I’d wonder that you might have some brain damage. Don’t describe your goals like that either. State your goals and intentions like you’re describing a future memory. What are the actual events that you’d like to experience?

A memory is something like going to the top of the Eiffel Tower, enjoying the view of Paris, and taking a bunch of photos while you’re up there. That’s a goal that can be accomplished or not. It’s a goal that encourages real-world planning and action steps. It’s achievable.

Start Modestly

People who succeed tend to begin with modest goals and build up to larger goals when they get some success going. Those who fail often bite off more than they can chew.

For instance, instead of trying to earn $10,000 per month immediately, successful people usually start with a modest goal like creating a passive income stream of $100 per month. They work on that goal first and do what it takes to achieve it. Then they can apply what they learned to parlay that small success into a bigger success.

The failure stories often inject neediness into their goals. I get emails from such people frantically telling me how they need to make an extra $1000 to $3000 this month in order to pay their rent or bills. In 12+ years of blogging, I can’t recall a single case of one of these people ever emailing me back to say that they succeeded.

Neediness will only get in your way, create extra stress, and delay real progress. If you need to let the old world collapse while you work on your long-term goals at a realistic and intelligent pace, so be it.

Bite off a modest piece of your goal, work on it, and achieve it. This will do more to move you towards a long-term pattern of success than frantic scrambling.

Have Compassion for Your Future Self

Have some compassion for your future self. At some point you’re going to be 5, 10, or 20 years older, and that future you will have to endure the consequences of what you’re creating now. If you’re wallowing in neediness or drifting aimlessly, you’re sentencing your future self to a crappy outcome, and that future you may blame you for it.

Instead of screwing over your future self, take a more sensible and compassionate approach. Work to create a better reality for your future self. That future self is going to be you 
someday.

People who succeed look to give their future selves an edge. They seek to put themselves in a more advantaged position down the road. They make small sacrifices today to alleviate stress and enjoy more fulfillment tomorrow.

Don’t Go Dark

Almost everyone goes dark at some point, sinking into aimless drifting for a while and losing sight of their goals. Those who succeed tend to bounce back quickly though. They recognize when they’re going dark and even give themselves permission to temporarily wallow in this state if they need a break. They know they’ll get back to working on their goals soon enough.
Those who don’t succeed tend to spend a lot of time drifting unconsciously. For such people the experience of setting and working on goal is just a temporary blip against a background of aimlessness. The lights go on occasionally when they get a burst of inspiration (usually from an external source), but most of the time, the lights stay off.

Those who succeed keep the lights on most of the time. They do their best to stay conscious. They keep moving the needle forward, little by little, tackling one small milestone at a time. They aren’t so easily discouraged by setbacks.

Be Flexible

People who get sidetracked often have a very rigid approach to success. When their initial plans don’t work in the real world, they keep repeating the same ineffective strategies, stubbornly expecting that something new will happen each time.

Those who succeed understand and accept that their initial plans may not work. Each failure becomes a learning experience. Successful people surrender their ineffective approaches, so they can pivot towards new possible solutions.

Those who fail usually explore very little of the solution space. They hide out in a comfortable corner where there are few results to be had. Those who succeed almost invariably explore more of the solution space. Even after they get some success going, they keep exploring to further optimize their approaches, especially to improve overall lifestyle balance.

Embrace the Growth Journey

It usually takes people longer than they expect to achieve their goals, regardless of what types of goals they set. When we set a goal, we can’t accurately envision all the micro-steps it will take to achieve it. We oversimplify the journey. We overlook many details, and those details will take time.

People who give up often succumb to impatience. They go dark when the path becomes longer than expected, even if they were making modest progress. Sometimes they pressure themselves to meet unreasonable deadlines and then burn out after a while.

Those who succeed may succumb to the previous pattern too, but eventually they get past it. These people progress to a more mature, more balanced, and less frantic approach to growth and achievement. Short-term scrambling gives way to long-term patience.

The key is to embrace the overall growth journey. See the benefits not just in the goal to be achieved but in the person you’re becoming along the way. The inner benefits are more secure anyway. You can strip a growth-oriented person of their external accomplishments and resources, and their well-developed inner resources will help them bounce back to their previous position and beyond.

Discover What Works and Repeat

Successful people sometimes find just one or two patterns that work, and then they repeat. For instance, they may create a $100 passive income stream and then repeat the process dozens or hundreds of times. They also refine the process as they go along, so each stream may be 10x more effective after a few years of refinement.

Earlier this year I met a guy who keeps renting more apartments in different cities and turning them into AirBnB properties for a profit. He reinvests the profits in securing more properties to create more revenue streams. I believe he expects to make seven figures from his operation this year, and he gains the added bonus of being able to stay in any of his properties for free when he travels.

* * *

Every month I meet new readers in person and hear their stories, especially with respect to the goals they’ve set, the lessons they’ve learned, and the pivots they’ve made. One thing is clear: In the long run, people usually do achieve their goals if they persist, stay flexible, and don’t give up. The biggest challenge for most people is persisting long enough to win the mental game.

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Triple Your Personal Productivity | Steve Pavlina

Have you ever had the experience of looking back on your week with the sinking feeling that you didn’t get as much done as you’d hoped? When building a successful career or a business of your own, your time is perhaps your most valuable asset, and your income is a direct result of how you spend your time. You cannot buy any more time than you’re given, and the clock is always ticking. A few years ago, I discovered a simple system that allowed me to nearly triple my productivity, and in this article I’ll share some very practical ideas you can apply right away to increase your effectiveness without working any harder than you do now.

Keep a Detailed Time Log

The first step to better managing your time is to find out how you’re currently spending your time. Keeping a time log is a very effective way to do this, and after trying it for just one day, you’ll immediately gain tremendous insight into where your time is actually going. The very act of measuring is often enough to raise your unconscious habits into your consciousness, where you then have a chance to scrutinize and change them.

Here’s how to keep a time log. Throughout your day record the time whenever you start or stop any activity. Consider using a stopwatch to just record time intervals for each activity. 
You can do this during only your working time or throughout your entire day. At the end of the day, sort all the time chunks into general categories, and find out what percentage of your time is being spent on each type of activity. If you want to be thorough, do this for a week, and calculate the percentage of your total time that you spent on each type of activity. Be as detailed as possible. Note how much time you spend on email, reading newsgroups, web surfing, phone calls, eating, going to the bathroom, etc. If you get up out of your chair, it probably means you need to make an entry in your time log. I typically end up with 50-100 log entries per day.

You may be surprised to discover you’re spending only a small fraction of your working time doing what you’d consider to be actual work. Studies have shown that the average office worker does only 1.5 hours of actual work per day. The rest of the time is spent socializing, taking coffee breaks, eating, engaging in non-business communication, shuffling papers, and doing lots of other non-work tasks. The average full-time office worker doesn’t even start doing real work until 11:00am and begins to wind down around 3:30pm.

Analyze Your Results

The first time I kept a time log, I only finished 15 hours worth of real work in a week where I spent about 60 hours in my office. Even though I was technically about twice as productive as the average office worker, I was still disturbed by the results. Where did those other 45 hours go? My time log laid it all out for me, showing me all the time drains I wasn’t consciously aware of — checking email too often, excessive perfectionism doing tasks that didn’t need to be done, over-reading the news, taking too much time for meals, succumbing to preventable interruptions, etc.

Calculate Your Personal Efficiency Ratio

When I realized that I spent 60 hours at the office but only completed 15 hours of actual work within that time, I started asking myself some interesting questions. My income and my sense of accomplishment depended only on those 15 hours, not on the total amount of time I spent at the office. So I decided to begin recording my daily efficiency ratio as the amount of time I spent on actual work divided by the total amount of time I spent in my office. While it certainly bothered me that I was only working 25% of the time initially, I also realized it would be extremely foolish to simply work longer hours.

Here’s the formula:

Efficiency ratio = time doing real work / time spent at work

Reduce Your Work Hours to Force an Increase in Efficiency

If you’ve ever tried to discipline yourself to do something you weren’t really motivated to do, you most likely failed. That was naturally the result I experienced when I tried to discipline myself to work harder. In fact, trying harder actually de-motivated me and drove my efficiency ratio even lower. So I reluctantly decided to try the opposite approach. The next day I would only allow myself to put in five hours total at the office, and the rest of the day I wouldn’t allow myself to work at all. Well, an interesting thing happened, as I’m sure you can imagine. My brain must have gotten the idea that working time was a scarce commodity because I worked almost the entire five hours straight and got an efficiency ratio of over 90%. I continued this experiment for the rest of the week and ended up getting about 25 hours of work done with only 30 hours total spent in my office, for an efficiency ratio of over 80%. So I was able to reduce my weekly working time by 30 hours while also getting 10 more hours of real work done. If your time log shows your efficiency ratio to be on the low side, try severely limiting your total amount of working time for a day, and see what happens. Once your brain realizes that working time is scarce, you suddenly become a lot more efficient because you have to be. When you have tight time constraints, you will usually find a way to get your work done. But when you have all the time in the world, it’s too easy to be inefficient.

Gradually Increase Work Hours While Maintaining Peak Efficiency

Over a period of a few weeks, I was able to keep my efficiency ratio above 80% while gradually increasing my total weekly office time. I’ve been able to maintain this for many years now, and I commonly get about 40 hours of real work done every week, while only spending about 45 total hours in my office. I’ve learned that this is ideal for me. If I try to put in more time at the office, then my productivity drops off rapidly. The interesting thing is that the system that allowed me to optimize my effectiveness at work also created a tremendous amount of balance in all other areas of my life. Even though I was able to use this approach to triple my business productivity, I still gained plenty of time to pursue personal interests.

Time logging is the intelligent choice to ensure optimal productivity without increasing your hours. But time logging need only be done periodically to provide these benefits. I do it for one week every 3-6 months, and over the years it has made a huge difference for me, always providing me with new distinctions. If I go too many months without time logging, my productivity gradually drops as I fall back into unconscious time-wasting habits. You’ll probably find as I do that your gut feelings about your productivity are closely related to how much real work you actually get done. When you feel your productivity is lower than you’d like, raise your awareness via time logging, measure your efficiency ratio, and then optimize your efficiency to boost your productivity back up where it belongs. Time logging is a high leverage activity that takes very little time and effort to implement, but the long-term payoff is tremendous.

Please let me know what you think below.

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