We all want to find financial success. But the road towards any form of success is not always easy. In fact, there are many lessons to be learned when you are trying to achieve something in your life. One of these discoveries involves getting to know yourself better.
Most of the time, people will advise you to look at financially successful people to determine how you can find success in your personal finances. This is actually helpful. Looking at a role model will help you make the right decisions and will allow you to gauge if your decisions are correct. You can learn from the good and bad decisions that they have made. It is a great way to achieve success while minimizing the mistakes that you should have committed along the way.
However, getting to know your role model is only one part of the equation. If you really want to achieve financial success, you also have to get to know yourself. An article from ConnectionsAcademy.com called this the concept of Intrapersonal Intelligence. This idea is actually from the theory of multiple intelligences by Howard Gardner. The article discussed that self-awareness is important because it makes you aware of your emotions, motivations, beliefs, and goals. The article, which targets teachers and students, reveal that this intelligence is just as important as academic knowledge. Those who have a high intrapersonal intelligence are those who are more motivated, independent, organized, goal-oriented, positive and confident – among other things. These are all the qualities that you need in order to be successful in life.
Knowing yourself will lead to financial wealth
Let us discuss this deeper so you can understand the role of self-awareness in your pursuit of financial success.
There are 4 important realizations when you have a deep understanding of who you are.
You will know what you want.
Knowing yourself means knowing what you want out of life. If you want to be successful, you need to start with a goal. Before you can set a goal, you need to know what you want out of life first. Start by picturing how you want your life to turn out. Sometimes, it is literally a photo. Do you want to own your house? What type of car do you want to drive? What lifestyle do you want to live? These are goals that that will depend on your inner dreams and aspirations. Unless you understand who you really are, it would be hard to set goals. You might end up working towards a goal that will not really make you happy. Sometimes, we toil at something that was influenced by someone else – a spouse, parent or child. It can even be influenced by your friends or colleagues. If you target a goal that somebody else wants for you, it will be harder to be successful. That is because it may or may not be aligned with what you truly want in life. If you know yourself and you understand what you want out of life, that can fuel your journey toward financial success.
You will know your strengths and capitalize on it.
Once you have gotten to know what you want out of life, you can proceed to identify your strengths. These strengths will tell you if you can meet the goal that you have set for yourself. Once you have identified the strengths that will help you meet your targets, you will feel a boost in your confidence. That self-esteem will also fuel your will to succeed. According to an article published on HuffingtonPost.com, there is a study that proved how people usually thrive when they have a strong self-esteem. If you know your worth, this confidence will help you determine what you deserve and it usually tells you to never settle for something that is below your standards. This mindset will help you aim high and confidently face any hurdle – because you know what you are capable of doing. When you capitalize on your strengths, you can be assured that your life will go from one success to the other. There may be occasional bumps and pitfalls – but these will not be enough to sway you from being a financial success. Do not underestimate the power of self-confidence. It will help you earn more and identify the opportunities that you can grab.
You will know your weaknesses.
Knowing your strengths will help you be proactive in reaching your financial goals. Knowing your weaknesses will allow you to make the preparations that will hinder you from succeeding. You can work on improving them so they will not compromise your success. Or you can avoid the wrong decisions that are caused by these weaknesses. Not only that, it will also keep you from being too overconfident. You have to be realistic about what you can do so you do not set yourself up to fail.
You will know what motivates you to succeed.
Finally, knowing yourself can lead to financial success because you can set yourself up to always be motivated. If you know that during a particular phase in your plan you will be vulnerable to make a mistake, you can set yourself up to overcome that problem. For instance, if you know that being upset will lead you to make the wrong financial decisions, you will consciously avoid making choices while you are feeling negative about something. You will learn to control your emotions or you will decide to skip making a decision. And if you happen to go through a trying time, you will know how to motivate yourself so you can continue to build your household wealth despite the unfavorable circumstances surrounding you.
These 4 realizations prove that knowing yourself will put you in a better position to reach your financial targets so you can be a financial success.
How your personality defines your financial future
Part of knowing yourself is understanding your personality. This is the combination of your characteristics and qualities that make you distinct. There are three ways that your personality can affect your financial future.
It dictates how we react.
We all react differently. When something happens, you will react positively or negatively depending on your personality. The way you react to a financial disaster, for instance, will be defined by the different elements that make up your personality. When we say elements, we mean your values, experiences, and even temperament. All of these shape your character and your individuality. If you react well to a financial problem, that will dictate how you can overcome it. Will it lead to your success or will it bring you to your downfall?
It determines our choices.
Another way that your personality can influence your financial success is through your choices. Whenever you make a decision, you do not only use your head – you also use your emotions. No matter how logical you want to be, our emotions will always influence our decisions. If our emotions are involved, then you know that our choices are also influenced by our personalities. Whether you will make the right decision or not will depend on what you believe is right or wrong.
It affects how we socialize with those around us.
Finally, our personality can affect our financial position through our social relationships. In an article published on FlatWorldKnowledge.com, our personality affects the way we interact with the people around us. We all know that a successful career or professional life is influenced by the way we build relationships. The article discussed a study by Angelina Sutin that revealed how a positive and hopeful personality are usually more rewarded with career success in life. Since we cannot do everything ourselves, we need to build the right relationship with the right people. This will help us achieve financial success. If we fail at our relationships, it will be hard to maintain any triumph in our life.
Here is a video that illustrates how knowing yourself can help you reach your goals. This video will also show some techniques that will help you use your knowledge about yourself for improvement so you can achieve your goals – like being a financial success.