So the biggest question is, what’s your wealth imprint (thermostat)? And how does it affect your ability to accumulate the amount of wealth you want to achieve during your lifetime?
“Why is it that we constantly see the majority of lottery winners and recipients of inheritances end up where they started some 18mths to 2 years later and in some cases worse off? You see we all have something called a Wealth Imprint. Or in simple terms a ‘Wealth Thermostat’. Our wealth imprint tolerance oscillates at approximately 10% above and below this individual imprint line.
So, What is your Wealth Imprint (Thermostat)?
This wealth imprint (thermostat) can be set during any time. During any event, any experience throughout your life. It can be a result of your environment. As well as, a reflection of your parent’s thoughts around money. Their beliefs and limitations that you have unconsciously absorbed. The key is to recognize where your current limit is, to then reset your thermostat and not be influenced by other’s beliefs and limitations.
When we ‘come into money’ that comes in a WAY that we have not physically earned. If this above this 10% buffer we will through unconscious fear and/or guilt find a way to sabotage this wealth. This could come in the form of getting caught in a scam or entering into a risky investment. Similarly, unexpected expenses crop up or perhaps a lawsuit or something similar. What is happening here is, we are unconsciously finding a way to bring us back to within our comfortable wealth imprint range again.
As Warren Buffett says….. ‘those that cannot manage their emotions won’t be able to manage money’. This is exactly one of the emotional states he is referring to.
Knowing What Your Wealth Imprint (Thermostat) is..
One way to prevent this oscillation is applying an attitude of gratitude in order to increase your wealth imprint by acknowledging and appreciating the incoming money. This is achieved by writing down a minimum of 100 reasons why you deserve this money and what you have done to deserve the incoming money. Simply put, the more reasons you have, the more money you will retain. This way, when you receive this money your emotions are less volatile and in that way you don’t oscillate between fear and guilt. Therefore you are able to retain more for longer.
Balancing Your Wealth Imprint or ‘Wealth Worth’
This is why we find it important when our clients are receiving inheritance monies or have come into a sum of money from an outside source, that we have that person write down 100 – 200 reasons why they deserve this money. As well as, what they have done to deserve it. This brings the person receiving the money back to equilibrium. This in turn will raise their wealth imprint or ‘wealth worth’ to help prevent them from getting ‘manic’. Most importantly, anything that can make you elated (manic) will eventually end up making you depressed. (And cause your money to leave you in one way or another).
I also encourage parents whom buy cars for teenagers to have the child write down what they have done to deserve this car to allow them to feel like they have earned it and are worthy of the gift. We have all heard of parents buying cars for teenagers that end up in the crash repair workshop (or worse) not too long down the track”. This is their wealth imprint being expressed. It is easy to ‘get’ money but the art of keeping money is what we are all here to master. Learning this for our own benefit and then passing this knowledge to our next generations has never been so important. This simple exercise is the best investment you can make for yourself (your family and future generations).
The lines indicate where your current inner and most often ‘subconscious wealth value’ is positioned.
If you or someone you know has come into a windfall or inheritance of money we would be happy to discuss this further. So please feel free to call our offices on 08 7111 0022 or email firstname.lastname@example.org