jordansangalang.com

Tag: mindset

  • Want to know the painful truth? Read this.

    Most people want a business but actually, they want the result of the business, not do the work of the business.

    Now for the painful truth…

    We have a finite amount of time on earth. We waste most of our lives doing what we don’t enjoy doing.

    Our golden years are around 0-25 years old. We have freedom and usually have childlike curiosity during this period. Also, we discover “real world” responsibilities. Then at 25-65, we have “responsibility”, which is usually an income. Only a few people have a job that we find fulfilling. This is rare. Most of us, don’t.

    25-65 is the 40-year stretch. Then people retire at 65 but most of us are not in a position to retire at 65. This is the goal most people want to be free at. This is not a fun truth. Most people want to go on a different path. The traditional path does not work for the majority of us these days.

    Then at 65, usually we have little left to live after this. The average age is 78 for most people. Since 78 is the lifespan.

    Most people will work an extra 10-15 years after 65 to be financially free. Yet, many of us subscribe to wanting to take a different path.

    Freedom

    What I’ll be sharing is there are different types of freedoms. Many of us have a passion for these types of freedoms.

    The types of freedoms I learned are:

    1. Time Freedom
      • Ability to take a vacation at anytime
      • No committed schedule for how you want to run your life.
    2. Location Freedom
      • Not having to check in at an office
      • Ability to travel and work anywhere
    3. Financial Freedom
      • Money gives us freedom but is not necessarily the solution.
    4. Mental Freedom
      • You get fulfilment from this
      • Can sleep well
      • Time and financial freedom without this do not make us entirely free from what we do.

    “The way you make money is just as important as how much you make.” Usually, employees earn income by wage or salary. Either way, time or income is finite. By wage, we all only have 24 hours in a day. By salary, the income is still the same regardless of how many hours employees put in.

    From here, I’ll be discussing the income matrix.

    Income Matrix

    1. Job Income
    2. Passive Income
    3. Leveraged Income
    4. Digital Income
    5. Infinite Income
    Job Income

    The downside to this:

    • Low mobility
    • Mostly no time freedom
    • Mostly no location freedom
    • Rarely financial freedom
    • Rarely mental freedom
    • Let’s say, professional athletes. They’re paid usually very well but have limited freedom. Now for most of us who are not professional athletes, it’s a rare thing for people who truly enjoy their job.
    Passive Income
    • Income is produced 100% of income is produced without time or direct involvement.
    • Examples of these are through owning assets like real estate and stocks.
    • Downside: This route usually required saving up a lump sum to buy assets.
    • Often, this lump sum is from working from a job income for 40 years. Then one can finally reap the benefits at 65 years and then only have a short amount of years to enjoy this. Once this lump sum is achieved, it’s usually eaten up by expenses. Or most people will outlive their amount leaving them with not enough to live off it. Or most don’t make it by saving enough to earn this lump sum.
    Leveraged Income
    • This is another option to create leveraged income through traditional businesses.
    • There’s no income cap for sure, but rarely any time or location freedom. Also, 90% of businesses fail.
    Digital Income
    • With the rise of everything that’s online through the internet, the cost and barrier to entry are low. But the failure rate is high. Examples of these are:
      • Random side hustles
      • E-commerce
      • Courses
      • Agencies
      • Etc.
    • No barriers or limitations to those who succeed have:
      • Ability to travel around the world
      • Ability to work anywhere, anytime.
    • Nowadays, people are opting to take online education as opposed to traditional education.
    • It’s very appealing but not the best place for new people to begin because it has a steep learning curve. It takes more time and is tough to pull off part-time. Requires a lot of time and effort.
    • This route requires you to sell. 
    Infinite Income

    This can:

    • be built on any schedule
    • can be built anywhere, with no cap on growth potential
    • built around something you enjoy

    You can earn income while pursuing your passion and doing what you love. This is the type of freedom we should aim for.

    It is important that you find a community where people are making infinite income this way. These people already subscribed to a “freedom first” mentality. They don’t hope and pray for it. They took action on it. All these people want from you is to see you take action, see your progress, grow and most of all, succeed. We push and lift each other to be the better version of ourselves. Once we earned these types of freedoms, we become free to explore other types of income. By earning infinite income, then we can build our way to freedom by doing what we love. Even more so, to pursue our passions and live our lives.

    Click here to learn more about this community.

  • Benefits and Tips of Having an Attitude of Gratitude

    Practicing gratitude involves focusing on the good things in your life. As well as being thankful for them. It is about shifting your mindset from what you don’t have to what you do have. Also, acknowledging the blessings and positive experiences that surround you.

    Gratitude has numerous benefits for your mental and emotional well-being. It can help reduce stress and anxiety. Further, it helps increase feelings of happiness and contentment. More so, it also helps improve your overall outlook on life. When you practice gratitude, you develop a greater sense of perspective. You gain appreciation for the people and experiences. They contribute to opportunities that make your life meaningful.

    There are many ways to practice gratitude. Some of these include keeping a gratitude journal, expressing gratitude to others, or taking a moment to reflect on the good things in your life. It is important to make gratitude a regular practice and incorporate it into your daily routine.

    Some tips for cultivating a habit of gratitude include:

    1. Start your day by listing three things you are grateful for.
    2. Express gratitude to someone who has had a positive impact on your life.
    3. Practice mindfulness and focus on the present moment.
    4. Use visual reminders, such as a gratitude jar or sticky notes, to prompt yourself to think about what you are grateful for.
    5. Take time to appreciate the simple pleasures in life, such as a beautiful sunset or a warm cup of coffee.

    In summary, practicing gratitude is about acknowledging and appreciating the positive aspects of your life. By doing so, you can experience a greater sense of happiness, contentment, and fulfillment.

  • Traits I Think About When It Comes to Mindset

    Mindset Defined

    Mindset refers to the beliefs, attitudes, and assumptions a person holds about themselves, others, and the world around them. It is the lens through which individuals perceive and interpret their experiences and shapes their behaviour and responses.

    A person’s mindset can be either fixed or growth-oriented. A fixed mindset is characterized by a belief that a person’s intelligence, talents, and abilities are predetermined and unchangeable. In contrast, a growth mindset is characterized by a belief that one’s intelligence, talents, and abilities can be developed and improved through effort and learning.

    Mindset can significantly impact a person’s life, affecting their ability to achieve their goals and overcome challenges. A growth mindset, for example, can lead to increased resilience, motivation, and achievement, while a fixed mindset can lead to a fear of failure and a reluctance to take risks.

    Fixed Mindset Traits

    People with fixed mindsets tend to have a specific set of traits and beliefs that distinguish them from those with growth mindsets. Here are some common traits of people with fixed mindsets:

    1. Belief in innate talent: People with fixed mindsets tend to believe that their abilities are predetermined and fixed, based on their innate talent. They often believe that success comes easily to those with natural talent and that effort and hard work are not as important.
    2. Fear of failure: People with fixed mindsets often fear failure because they see it as a reflection of their abilities and identity. They may avoid challenges and opportunities that could lead to failure, preferring to stick to what they know they are good at.
    3. Resistance to feedback: People with fixed mindsets may be resistant to feedback, especially criticism, as they see it as a threat to their self-image. They may take feedback personally and see it as a reflection of their abilities rather than an opportunity for growth.
    4. Limited view of success: People with fixed mindsets often have a limited view of what success means. They may define success in terms of achievement, status, or recognition, rather than personal growth or learning.
    5. Avoidance of challenges: People with fixed mindsets may avoid challenges because they see them as threats to their self-image and abilities. They may prefer to stick to what they know they can do well, rather than taking risks or trying new things.

    It’s worth noting that many people exhibit a mix of fixed and growth mindsets, and it’s possible to develop a growth mindset through intentional effort and practice.

    Growth Mindset Traits

    People with growth mindsets tend to have a specific set of traits and beliefs that distinguish them from those with fixed mindsets. Here are some common traits of people with growth mindsets:

    1. Belief in the power of effort: People with growth mindsets believe that they can develop their abilities through hard work, dedication, and perseverance. They see challenges and setbacks as opportunities for growth and learning.
    2. Embracing challenges: People with growth mindsets embrace challenges and are willing to take risks. They see challenges as opportunities to learn and improve, and are not discouraged by setbacks.
    3. Openness to feedback: People with growth mindsets are open to feedback, including criticism. They see feedback as an opportunity for learning and growth, and are not threatened by criticism.
    4. Persistence: People with growth mindsets are persistent and resilient. They are not discouraged by setbacks and failures, and are willing to try again and again until they succeed.
    5. View of success: People with growth mindsets have a broader view of success. They define success in terms of personal growth, learning, and improvement, rather than just achievement or recognition.

    It’s worth noting that many people exhibit a mix of fixed and growth mindsets, and it’s possible to develop a growth mindset through intentional effort and practice.

    Transitioning from Fixed Mindset to Growth Mindset

    If you have a fixed mindset and would like to transition to a growth mindset, here are some suggestions:

    1. Recognize your fixed mindset: The first step in transitioning to a growth mindset is to recognize the areas in which you hold a fixed mindset. Pay attention to your beliefs about your abilities, talents, and potential. Identify areas where you avoid challenges or see effort as pointless.
    2. Challenge your beliefs: Once you have identified your fixed mindset, challenge those beliefs. Look for evidence that contradicts your beliefs, and try to reframe your thinking in a more growth-oriented way. For example, when facing a challenge, remind yourself that the effort you put in will help you grow and improve.
    3. Embrace challenges: Seek out challenges and opportunities for growth. Take on tasks that push you out of your comfort zone, and be willing to try new things. When you face setbacks or failures, view them as opportunities to learn and grow.
    4. Cultivate a learning mindset: Focus on the process of learning, rather than just the outcome. Celebrate progress and improvement, and be open to feedback and criticism. Recognize that learning and growth are ongoing processes that require effort and dedication.
    5. Practice self-compassion: Be kind to yourself and avoid negative self-talk. Recognize that learning and growth involve setbacks and failures, and be gentle with yourself when you experience them. Treat yourself with the same compassion and understanding that you would offer a friend.

    Transitioning from a fixed to a growth mindset takes time and effort, but with practice, it is possible to develop a more growth-oriented approach to life. By challenging your beliefs, embracing challenges, and focusing on learning and growth, you can cultivate a mindset that allows you to reach your full potential.

    Which mindset do you currently have? How do you want to change or improve your current mindset?

  • Advice I would give to my teenage self

    What advice would you give to your teenage self?

    The one advice I would give to my teenage self is a higher education degree does not necessarily correlate with a higher salary.

    Sure, it depends on the speciality but is not necessarily true for all degrees. In my case, all my degrees are liberal arts degrees.

    Another thing I’d add is that being a high paid employee doesn’t guarantee financial freedom. At the end of the day, employees are taxed. And especially more when they’re on the higher tax bracket.

    So, I’ll encourage my teenage self to explore the entrepreneurship path as well. This will come along with other skills to be developed as well.

    Anything else you’ll like to add that you want to advise to your teenage self?

  • The one skill that I wish schools taught

    Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, I may receive a commission at no additional cost to you. Thank you for your support!

    As a PhD drop out, I’m actually learning more about life from a high school drop out. Even more so when they’re earning a 6-7 figure income. This one skill I wished I learned was this timeless system.

    Instead of explaining what the skill is, I’ll share how I learned about it. I came across the 7 Day Shift by Jeff and Jessica Samis. This shifted gears for me and made me realize that making income online was simpler than I imagined it to be. I used to believe that going to school and then getting a higher degree will help increase my income. I couldn’t be farther from the truth.

    When I learned of this skill, I already made a sale within 3 days of implementing what I learned! This came with step-by-step learning along with guidance and a community of like-minded people to move quicker. This made how to leverage a tool that automates the system. Even more so, it’s run on a proven system with no risk.

    Whenever you’re ready to learn this skill, click on the button below to get started!

    Click here to learn the skill!