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Are You Thinking? May 14, 2008

Posted by shaferfinancial in Uncategorized.
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One of my favorite authors is John Maxwell.  He writes much about thinking.  Unfortunately, for many there is little time spent on thinking, at least real thinking.  Our day is spent mostly on routine items and problems. 

I was talking to a women whose husband is a financial planner.  She explained what he did by saying that people don’t have the time or inclination to plan financially, so they go to him to do the financial planning.  She made it seem like the most logical thing to do.  Of course, letting someone else plan your life, whether financial or other, is a dangerous thing to do because no matter how careful they are, their planning has more to do with their life goals than yours.  

So what does it take to be a good thinker?  According to Maxwell, it starts with understanding that good thinking creates a foundation for good results.  Further he states, poor thinking produces negative results, average thinking produces no progress, good thinking produces some progress, and great thinking produces great progress.

In order to become a great thinker you must make thinking a habit.  You must set up a specific time period for just thinking.  Beyond that you must focus your thinking.  Maxwell asserts unsucessful people focus their thinking on survival, while average people focus on maintenance, but successful people focus on progress.  So it is best to not only set up a specific protocol for thinking , but the thinking must be concerned with progress.

How do you make progress in your financial life?  Well, most people don’t know where to start with this.  The Shafer Wealth Academy (www.shaferfinancialacademy.com) will show you where to start.  And let me assure you it isn’t with what mutual fund to put your money into!

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