Steer Clear of Financial ZOMBIE Brain in 2024 and Beyond: A Guide to Financial Wellness
by Michaelson Williams | January 17, 2024
Navigating money management has become increasingly challenging for many individuals, and the prospect of positive financial management appears even more daunting in the future. While new millionaires emerge year over year, a growing number of people find themselves inching closer to the financial abyss. The task of personal money management is evolving into a complex undertaking that many choose to ignore — an unwise decision, particularly when facing financial difficulties.
Maintaining financial literacy requires dedicated time and focused efforts directed toward shaping the trajectory of one’s future finances. Unfortunately, the U.S. education system falls short in imparting proper financial literacy, with college offering limited improvement. Therefore, individuals must take it upon themselves to pursue financial education beyond the confines of traditional learning systems. To cultivate knowledge about expanding one’s financial portfolio, an active commitment to self-directed learning becomes imperative.
Becoming financially literate is a gradual process that cannot be accomplished overnight. Many individuals perpetuate financial inadequacies inherited from their parents, following the same path for years, if not their entire lives. Money thrives where there is a deliberate effort to nurture it over time and across generations. Conversely, it dissipates when there is a lack of understanding and wisdom on how to make it work in one’s favor. While money serves the wealthy, it can act as a thief for the less fortunate, becoming a burden rather than an asset for a happier life. Failing to contemplate one’s financial situation regularly may lead to the development of what I call the “Financial Zombie Brain.”
Zombies, by nature, act without thought or purpose. They mindlessly follow the horde until confronted by an obstacle, at which point they change direction. Treating one’s financial mindset like a mindless zombie is strongly discouraged. Deliberate thinking with a specific goal in mind is crucial when considering financial health. Cultivating a healthy financial portfolio demands intentional thought, with individuals actively seeking signs that indicate the status of their financial well-being. The following set of questions serves as a tool for self-reflection to assess the health of one’s financial status.
1. Do you think about your finances as a living energy?
Understanding your finances as a dynamic force, akin to a living entity, can be beneficial. View your financial health as a continually evolving aspect of life, deserving attention, care, and nurturing. Cultivate a relationship with your money that is respectful and promotes ongoing well-being.
2. Is it a habit of yours to set weekly or monthly goals around your finances?
Participating in financial planning with clear objectives is vital to understanding your current financial situation. It’s essential to make this an ongoing and regular practice, emphasizing the establishment of short-term goals through weekly or monthly planning. Setting goals around your finances enhances your Positive Money Mindset and helps banish the financial zombie brain!
3. Have you started to look at crypto as a viable means of building future wealth?
Incorporating a robust understanding of cryptocurrency into your long-term financial strategy is advisable. Failing to invest time and effort in learning about digital currencies and their evolving dynamics can leave you at a disadvantage in the future. The cryptocurrency landscape undergoes rapid changes, making it appear daunting for many. However, neglecting to educate yourself on crypto means entrusting your financial future to those with superior knowledge. Introducing cryptocurrencies into your long-term financial plan ensures you stay ahead, surpassing those who ignore crypto entirely.
4. When was the last time you calculated the value of all your assets?
Analyzing your entire financial landscape provides clear insights into the potential moves you should make to enhance your financial growth. By gathering relevant information, you can create a roadmap that guides you towards your financial goals. If your financial roadmap doesn’t address your concerns five to ten years into the future, you might be navigating the financial landscape without a clear direction. Regularly assess your overall financial status, placing emphasis on a thorough evaluation of your total asset value. Each identified asset brings forth new positive energy, contributing to your financial well-being.
5. Has your perception of money remained consistent with your thoughts from five years ago?
Explore your money mindset to ascertain its continuity and identify any substantial shifts or changes in your perspectives on financial matters over the past five years. When you look at how you thought about money five years ago as oppose to today you’ll get a glimpse of how your financial portfolio will look five years from now. If you haven’t changed the way you think about your finances from five years ago it’s not likely that you’ll be interested in the way your money looks five years from now.
6. What is the feeling you get when you think about your money situation?
The emotional dimension of an individual’s connection to their financial situation reveals much about their approach to money. As the costs of everyday goods continue to rise in the US and globally, people are experiencing stress related to their finances. It is beneficial to explore your feelings regarding money — whether you experience positivity, anxiety, confidence, or any other emotion — when reflecting on your financial status.
7. Do you think about your future money as something to pass to the next generation?
Individuals with a positive money mindset approach finances with a focus on long-term financial planning and a generational perspective. Similar to the mega-wealthy, it’s crucial to assess whether you view future generational wealth as a legacy to be passed down to succeeding generations. If the well-being of the next generation is a priority for you, then generational wealth becomes a topic that should be given priority in your thoughts and considerations.
The upcoming generations will bear the burden of repaying the debts accumulated by the present generation. It’s important for us to consider their well-being and explore ways to alleviate the impact of potential future generational poverty. Wealthy individuals often contemplate the creation of debt and wealth that extends beyond their own lifetime. In contrast, less affluent individuals may primarily focus on their immediate concerns without much consideration for future generations.
I contend that shifting your mindset to include a stake in the financial success of future generations can serve as a positive step toward improving your current financial situation.
In conclusion, navigating the intricate landscape of personal finance demands a deliberate and informed approach. The challenges of effective money management are increasing, and the risk of slipping into financial difficulties is ever-present.
To stay financially literate, individuals must take it upon themselves to acquire knowledge beyond the limitations of traditional education. The absence of proper financial literacy education in schools and colleges necessitates a proactive approach to learning about growing one’s financial portfolio. Developing financial literacy is a gradual process that requires dedication and a break from inherited financial inadequacies.
The analogy of the “Financial Zombie Brain” emphasizes the danger of mindlessly navigating financial decisions without purpose or specific goals. It underscores the importance of intentional and deliberate thinking about financial health. The provided set of questions served as a guide to evaluate one’s financial status and cultivate a positive money mindset.
Understanding finances as a living energy, setting regular goals, exploring cryptocurrency, assessing the value of assets, evolving money mindsets, acknowledging emotions related to money, and considering generational wealth are crucial aspects of achieving financial wellness.
In essence, adopting a purposeful and forward-thinking financial mindset is key to steering clear of the looming Financial Zombie Brain in 2024 and beyond. By actively engaging with one’s financial landscape and making intentional choices, individuals can build a resilient and prosperous financial future.
by: Michaelson Williams, TSX
Founder at Goal Phoenix Crypto Infinity
Author at MMAP Magazine
CEO of Products2ez.com
Author of Trainwashing The Secrets of Positive Brain Washing and True Success Naturally
Creator of Building Your Crypto Portfolio
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