How Keeping an Open Mind Helps Develop a Healthy Financial Perspective

There’s no doubt the coronavirus has made the last year incredibly challenging. Every time we turn on the radio or tune into the news, we’re told we need to accept the “new normal” brought on by the pandemic. While we don’t disagree that things have changed, we do disagree with the idea of a new normal. To us, normal is just normal, and today is just today. It’s all about perspective.

What do we mean when we say perspective? Merriam-Webster defines it as “the capacity to view things in their true relation or relative importance.” Simply put, perspective is the way we view the world and the things in it. Our experiences influence our perspective, and since we experience things every day, our worldview is continually evolving.

Perspectives Change Everyday

Every experience shapes the way we think, feel, and act. The pandemic is no different. Yes, COVID-19 has changed things, but those changes are normal—as is their impact on our overall outlook and understanding of the world. Our perspective is changing in real-time as a result of those experiences. So, the idea that we need to adjust to a new way of living is moot because we’ve already begun to do so.

Pandemic or not, once we experience something, it can’t be undone. Let’s say someone who has never seen snow in person is planning a trip to Minnesota in the middle of winter. Once they experience snow for the first time, they can’t un-experience it. It becomes a part of them and causes a shift in their perspective.

If they didn’t experience those things first-hand, would that mean those things didn’t exist? Of course not. They just wouldn’t be a relevant component of that person’s life. Expanding your perspective means having a willingness to learn and being open to new opportunities.

The Importance of Keeping an Open Mind

If you don’t have an open mind, how are you going to experience new things? How are you going to learn from them and put them into perspective? Keeping an open mind applies to all areas of our lives, including our wealth-building strategies. It can be hard to do, especially when we’ve been conditioned to think there are only a few ways to manage money and build wealth. But there are other, often better, ways to do so.\

Take the Infinite Banking Concept, for example. While this concept is gaining ground, it’s still relatively unknown by many. Because it has never been part of their life experience, their perspective doesn’t include the Infinite Banking Concept. Until they hear about it for the first time, that is. Once it becomes known to them, their perspective expands to make room for this new concept and its relationship to their life.

Don’t you owe it to yourself to examine all the options available to you? Sure, maybe the way you’re doing things is the best way for you. That’s okay. You’re no worse off for knowing what’s out there. The point is this: learning new wealth-building strategies and understanding their relative importance to your financial goals puts you in control of the banking function.

Our team at Sage Wealth Strategy wants to help you change your financial perspective. We encourage you to be teachable and open to new ideas and experiences. If you want to challenge yourself and get outside of your comfort zone, get in touch with our team. We’d love to sit down with you and have a conversation about the Infinite Banking Concept and financial strategies that can help you reach your goals.

You can also learn more about how your perspective can impact your financial future and everyday life by tuning into The Wade Borth Podcast. Check out Wade’s episode on changing perspectives here.

Learn how time, money, and purpose is paramount in securing your financial future.