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Friday, November 19, 2010

How I Became Financially Free: My Emotional Why

Last month, through my "How I Became Financially Free: Introduction" entry, I made a (daring) proclamation that I will achieve financial freedom in the near future. I also shared how God prepared my way, from being a person who lacks hope, purpose, and worth to a person who is now filled with so much hope, purpose and worth.

I am now full of hope that one day I will be fully healed from my past demons; that one day I will be free of my worries about the future; and that one day I will be financially free. Moreover, a part of the purpose that I have been searching my whole life is now revealed to me: one of my life missions is to share my stories and learning in life through my writing. But the most important thing is that I am now learning to believe in, value, accept, and embrace my worth. I am now loving myself more and more each day.

For this entry, let me now share to you the reasons why I want to be financially free.

The Emotional Why

One of the blessings I regularly receive from being a member of Bo Sanchez' Truly Rich Club are Bo's PowerTalk mp3s.And one of his talk is about how to find our emotional why. But first, what is this emotional why anyway? And why is it so important to find out our emotional why?

In the simplest terms, emotional why is the hunger, the desire, that fuels us to do something. Our emotional why is what drives us to strive for something. This is one of the defining factors of whether we are going to achieve our goals or not. Let's face it, most - if not all - of us want to be successful in life. But how come not all of us attain great success? How come some, despite their desire to become successful, settle for mediocrity? The answer to that is because the level of one's emotional why differs from others. And as Bo said, the bigger and more powerful our emotional why, the greater is our motivation to achieve our goals.

The more powerful our emotional why, the greater is our motivation to achieve our goals. -Bo Sanchez, Find Your Emotional Why

My Frustrations

According to Bo, our emotional why has two parts: frustration and fantasy. Most often than not, we are driven by our frustrations in life. The pain they cause, the pain of facing every day with these frustrations staring at us, is usually the reason why we finally tell ourselves, "Enough is enough! There has to be something that I can do to make this pain go away!"

For me, there are a number of instances that bring me pain and frustration that made me want to have lots of money. Whenever I am reminded of these reasons, whenever these situations haunt me, it brings me too much pain. I just feel so helpless and guilty and just damn angry that I cannot do anything at the moment to remedy the situation. Top in my list are the following:

1. Being in debt to our relatives.
2. Being a burden to someone, and having to depend on them just so I can have what I need and want, even the basic stuff.
3. Not being able to help someone in need of financial assistance just because I don't have enough with me.

I've had these "pains" with me for a long time now. But amazingly enough, I was not pushed well into my limits just yet. I'm thinking it may be because deep down, I am such a masochist. Kidding! But really, I think it is because I have associated with pain long enough for it to be a successful driving force for me. And besides, the sad thing about pain is that it can either push you into action or paralyze you with feelings of inadequacy. And not all people can find the courage to push through their pain to achieve what they want. 

My Fantasy

I was reading West Loh's and Andrew Grant's The Money Mindset Report. One of the exercises there is for me to imagine myself receiving 1 Million USD, and to list down what I will do with that money. Now that's a lot of money! I remember when I first did it, I was dividing my 1M Pesos into my five funds plus an additional funding for my "send-a-kid-to-school" dream. Then it hit me that, hey, there is a million dollars (and not just pesos) for me to divide! I was having the time of my life writing down how much money will go where and thinking of the different things that I want to spend my money into, not only for myself, but for my family and friends as well. 

Finally, I can pay our debt to our relatives! I can treat my family to a vacation outside the country. I can buy what I've always wanted: laptop, digital SLR camera, and my own home office station. I can buy all the books I want. I can go to MOA and ice skate all I want. I can finally go to the countries I so very much want to visit. I can grow my stock portfolio. I can buy a condo and lease it out....But most importantly, I can finally realize my one unchanging dream: to send kids to school. I can have more than enough money to be a sponsor in my Alma Mater's scholarship foundation, and more than enough to finance a foundation that is geared towards sending out-of-school youths to school. I can see it in my mind's eyes and I just can't wait for that day to come!

When Lyf Throws U Lessons

This fantasy of mine brought such intense feeling within me. And I think that this is why, more than our frustration, our fantasy plays a bigger part in our desire to achieve whatever we want. We often hear coaches and trainers, and motivational speakers and writers saying that we should not focus on the pain, we should focus on the gain. Same thing, we should focus on our fantasy and not just in our frustration.

Yes, frustration has its part in our hunger to change. Without the pain, then we won't know that there is something in our lives that is not right. But we should be able to overcome this pain and shift our focus to why we want to make the change in the first place. Think of all the things you can do once you have attained your goals. This gives us something to look forward to, especially since our journey to making changes in our lives is surely not going to be easy. 

How about you? What keeps you going? What is your emotional why? If you still don't have one, then dig deep and find it. Once you determine it, then you are one step away from achieving your dreams.

Praying for your happiness,
Joanne

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