Mindsets and Attitudes That Cause Poverty and Financial Lack

 by

Dwight Nichols

Your Attitude about Money Can Determine Your Success or Failure in Life. What you believe about money governs the choices you make and the outcomes you receive. As a man thinks in his heart, so is he. Proverbs 23:7

Growing up in the rural South during the 1960s, I experienced firsthand the financial and economic challenges of that era. Being the oldest of ten children, we lived in one of the poorest communities in the state of Alabama. Expectations were low, and economic opportunities were scarce due to the social constraints of the time. Throughout my upbringing, I was conditioned to think a certain way about life and money, which imposed predetermined limits on what I could expect to achieve financially — I was conditioned to think that I had to settle for a certain “lot†in life because I believe that someone else controlled my success.

Despite a poor self-image and negative financial circumstances, I was able to overcome the odds and escape the poverty life and build a successful career in the financial service industry as an independent businessperson/entrepreneur. Over the years, I have founded more than ten businesses of my own and, as an Investment Banker and Business Consultant, have helped many other business owners start and grow their ventures.

A pivotal moment in my life happened when I was about five or six years old. One day, my father made a statement that became a guiding force in my life. Although he never finished high school, he believed that education was key to living a successful life. What he told me was: †Don’t ever let anyone tell you what you can or cannot do. You can achieve anything you believe you can. It doesn’t matter where you start in life; it’s where you finish that counts. So, get a good education, work hard, and make something of your life.†These simple words laid the foundation for the passion I have for entrepreneurship and for education (practical knowledge) and the power it has to transform people’s lives.

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Your attitude determines the outcomes you can expect to receive in life.

Most people never reach their full financial potential because of what they have been conditioned to believe about life and money. Mindsets and attitudes (lifestyle habits) are the result of what you think and believe on the inside—your philosophy/your worldview. You can never go beyond the limits of what you believe, or think is possible. Your thoughts control your actions; therefore, you must be careful what you believe.

As a small business owner, I have experienced many ups and downs in my personal and business life, because of my limited thinking and a lack of understanding of the basic principles/rules that govern finance and economics. When I was in my late 20s, I discovered a set of principles that transformed my thinking about how to manage my personal and business finances. What I Discovered changed the direction of my life (See God’s plans for your finances).

“My mission is to share the principles that transform my thinking and change the direction of my life with as many young people as possible–principles I wish I had known when I started my own life journeyâ€