279: Should You Buy a Franchise?

Henry Ford once said, "Whether you think you can or think you can't, you're right". The older I get, the more I am convinced that he was right! I believe that mindset is the single most important element to success in life—be it financial or otherwise. Mindset is a broad term but the way I think about it is as a thermostat for your expectations of the world. In my experience, there certainly is a wealth thermostat. You are highly unlikely to make a lot more money than you think you can. You are also highly unlikely to make a lot less. Part of thinking you can involves what you visualize for yourself everyday. What do I mean by visualize? I'm not talking about meditating or doing anything else other than what we do everyday on autopilot that results in various images of who we are in our mind's eye. If you are around a bunch of people who make a lot more money than you do on a daily basis, you are more likely to see yourself in that position. If you know people personally who have accomplished various exceptional milestones your subconscious will be more likely to allow you to accept that you, too, can achieve such things. A wealth mindset is a prerequisite to actual financial wealth. That doesn't mean that you will get there for sure if you can see it. But if you don't, you can be pretty sure you will never get there. If the world around you isn't pushing you, you need to find other stimuli that do. That's where a lot of people who actively manifest their futures use image boards and other tools to train their subconscious. I don't actually do that myself but I certainly understand how it might help. I'm not an expert on mindset nor am I a coach of any kind. I'm just an armchair quarterback with some observations. My guest on this week's podcast is Kim Daly—and she is sort of an expert at this mindset stuff. Kim is also known best as an expert on franchises. That's a pretty good combination because, if you want to succeed as a business owner, you have to really focus on the mental part as well. Kim's enthusiasm is infectious. If you want to learn about franchises or just how to be a more fulfilled person, make sure to listen to my interview with her on this week's Wealth Formula Podcast. P.S. Don't forget to sign up for our Wealth Formula Meetup in Dallas on Oct 1-2. Click HERE to learn more!