growth mindset why do we even want that
what is it exactly and more importantly
how do you develop it all that and more
in this video
hey it's Wei from the six figure academy
where we eliminate
stress worry and anxiety around money by
re-engineering bad money stories
that we grew up with so that we can
increase money flow
optimize your mindset and create life
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to watch later or you could just watch
it now so in this video today we're
going to talk about
the growth mindset and how to develop a
growth mindset now here's the thing
uh because of everything that's been
going on i know it's been a while since
we've actually
done a youtube video on the six figure
academy channel
but a lot of us are now stuck at home
and the prevailing thought
is or the question is when you're stuck
at home does that mean that you
stop growing well the answer resounding
no
i mean it's like saying that if
something is happening in the world do
we stop eating so that we can continue
to keep ourselves healthy and growing if
you're young and you're actually still
growing physically do you stop growing
well we're not exactly talking about
growth mindset in terms of
growing physically per se we're talking
about
developing yourself as in an entirety of
growth
uh growing your mind growing your body
growing your emotional maturity or your
emotional
intelligence so to speak growing
yourself energetically and then growing
yourself physically
so no we don't stop growing just because
everything is happening in the world but
the sad thing is a lot of people have
decided
not to they decide to go into a a
holding
pattern so more importantly let's talk
about why
one would use any life circumstance
to not grow okay that leads back
before we dive into why we want to do a
growth mindset and what that's all about
is to understand a lot of what it is
that we do we help people with their bad
money stories
they're limiting beliefs and that
literally is what gives people
that unconscious excuse that when
something is happening in the world
that we stop and freeze like a rabbit
per se or something like
and like a deer in front of headlights
and say no i'm not going to do anything
i'm not going to do anything with my
business i'm not going to do anything
with my life
and the reason is yeah i have to stay at
home so i'm not just going to i'm just
going to sit down and veg out in front
of netflix all day long
and not even take advantage of learning
from what i'm watching on netflix so now
let's talk about
why it's important to have a growth
mindset to begin with okay
kind of what i was just talking about if
we're not growing
especially as an entrepreneur then don't
expect
your business to see as an entrepreneur
your business is an extension of you
so if you decide to not maintain a
growth mindset and you decide that you
want to
literally stop growing you want to keep
things same same guess what's happening
is going to happen to your business not
just a business owner but as an
entrepreneur your business reflects you
you stop growing your business stops
growing
and then if you have employees it will
trickle down to your employees and they
will stay stagnant
so another thing i want to talk about
why it's important have a growth mindset
because it's less about
growth than about growth from
learning anybody can grow literally the
minute you're born you're growing
the growth we're talking about is
learning and why you want to maintain
that growth mindset is to maintain your
ability to
learn and continue to expand what is
possible
from your unique footprint on this
planet in this lifetime another reason
why
you want to maintain a growth mindset is
because it allows us to learn from
any and all life circumstances when you
are
in a state of having a growth mindset
your mind is actually
literally looking for ways to grow it
keeps us from getting derailed or stuck
in and when external circumstances
happen to us
for example a lot of what we're dealing
with right now in terms of what people
have to deal with
with world circumstances social
circumstances
that are in the face of our business if
you do not have a growth mindset
you're going to see everything that is
wrong everything that's problematic
whereas if you're in a growth mindset
that is
which is also known as a solution based
thinking you're looking to learn
from everything that shows up for you
and that's why we just talked about a
growth mindset
is growth from learning having a growth
mindset creates stickiness
in terms of progress we make in success
so of course because of the six figure
academy
if you want your money flow to grow then
a growth mindset
is an absolute requisite your money flow
literally reflects your state of
existence
and if you're stuck in other words not
maintaining a growth mindset and you're
stuck
guess what so will your money flow
so let's talk about what a growth
mindset actually
is a growth mindset is actually a state
of being
if you for example set it as a goal of
attainment
growth mindset will be fleeting and
short-lived in other words
if you said it as like okay i'm going to
do this so that i can
have a growth mindset and you go in a
particular direction
it's going to be short-lived and you you
won't be able to maintain that
your actual goal is to integrate it
deep into your neurology as a state of
existence
and lifestyle philosophy i mean we
talked a little about why it's important
but the what of what that growth mindset
is
is not so much something that we're
achieving much like happiness or success
it's a philosophy it's a state of
existence
okay and that's what having a growth
mindset actually
is is creating your unique state of
existence that allows you to
continuously
grow now there are two primary types
of a growth mindset and then that will
lead us into
how you would actually develop that and
the first one is called an
internal growth also known as personal
growth personal development whenever
you're investing and putting time into
developing your personal self
that is called an internal growth
mindset
external growth mindset is the second
type of growth mindset
which is all about things that can be
externalized things that the rest of the
world can see such as your business
such as your relationships such as your
health and fitness okay
so now we get to how do we develop
that growth mindset and it's all about
the sequence
of internal and external remember
there's two types of two significant
types of growth mindsets to have an
internal growth mindset and an external
growth mindset
and the ways to develop that is about
how you structure the development of
those two
and the sequence the first one i want to
talk about is my personal favorite is
developing the internal growth mindset
first this is the one that most people
don't do okay because most of us through
our systems society and our culture and
our academic system
we're taught to do it in reverse we're
taught to develop
what everybody else can see first what
everybody else can grade
first and then when you feel like it if
you feel so
so desire you go into the internal
now here's the pros and cons about
actually doing the reverse and focusing
on developing your internal growth
mindset first
versus external the pros is this
developing your internal personal self
your personal growth
systems or infrastructure so that you're
consistently growing internally
is probably the most sustainable and
long lasting
approach you will always have your
internal learnings and growth when you
invest in developing a growth mindset
that is part of your internal and
your state of being then no matter what
happens externally you will always have
your internal growth external growth can
potentially be ephemeral or short-lived
especially if there's a huge disparity
between
how your external part of you is growing
versus the internal
despite its stickiness it is very
imperceptible in the beginning so if
you're
just starting out into this journey of
doing internal
uh growth mindset development and just
kind of working on yourself
oftentimes you won't notice the change
it's be
it's very imperceptible it's very small
but the reality is that the consistency
of just doing this particular way
of developing a growth mindset it
actually creates an exponential boom
and what happens is a lot of people when
they don't know about that they avoid
taking this approach
because it's slow arduous and could be
sometimes extremely painful
in how slow it takes for change to
happen
now let's talk about the second way to
develop a growth mindset which is
the opposite of what we talked about and
that is
external growth mindset development
first then internal like i said this is
the one that is most common this is the
one that
most of us have been trained to do
and approach in terms of growth the pros
is that it speeds the belief that the
seeing is believing
expectation the growth is significantly
more noticeable
sooner and not just by yourself but the
world
around you it's the fast quick result
immediate
gratification and you know during my
journey
you know when given a choice to choose
fast or slow i
i used to say all the time i pride
myself into being an inpatient
entrepreneur which was
you know great in the sense that people
who are also seeing that yeah i want
results right now
but it was a popular choice because it
was so immediate
however that immediacy comes with a
drawback and so let's talk about the
cons
if you like roller coasters maybe this
approach on developing a growth mindset
is not
a con but it can actually be quite
tasking it's the roller coaster effect
that happens in our lives
not only in business not only in our
money flow but in our health and fitness
those who struggle with weight
or just those who struggle to stay in
shape and even in
roller coasters in relationships that
all is reflective
of this approach on creating results in
our lives
it's extremely tasking and the burnout
potential is significantly greater
because you've got this
up and down emotional roller coaster
ride but it's not just emotional it's
mentally emotional it's energetic it's
physical it's just
really tasks the entire existence of
self
because it seems like you're growing it
gives you that perception oh my god i
hit this goal everybody can see it
everybody thinks i'm growing
the difference is that you exhaust
yourself prematurely
you unnecessarily task the entire system
of your existence
that is a con of this particular
approach
now the last way of developing a
growth mindset is what we call the
simultaneous or concurrent development
whereas you develop the internal and
external at the same time
a lot of my one-on-one clients in bfa
they
we elect this method of approach
because they are receiving a high level
of support
but if you're not it's actually a good
way to create like a sprint
like a short burst of like a challenge a
lot of people do challenges like that
where they work on themselves and they
work on the external all at the same
time
but if you can imagine if you're doing
investing a lot of time and energy and
working on the internal growth mindset
and you're doing this and you're putting
a lot of energy developing the external
growth mindset
that's a lot of output that's a lot of
investment of time energy and maybe even
money
the pros are that you do create a
sprint-like effect for results
that are sustainable and long term but
this is why you also don't sprint long
distance because
if you if you don't do it in an interval
type of way
it can actually task your entire system
of existence
more so than the previous one which is
external first than internal
so this can be this can be this can be a
challenge so it's really good
for those who who don't have the support
of a coach or a mentor or a guide who
can kind of
kind of keep them from falling off the
track to
to create short bursts of growth and
then so what it would look like is like
you would actually grow
up and then you would plateau and then
grow up and then you plateau and you go
up and plateau the challenge around that
and this is where we go into the cons is
that it can
potentially be confusing because
sometimes you can
confuse the external with an internal
work you could be going back and forth
unnecessarily
and then what will happen is it gets
confused
and so you might be thinking that you're
working on some internal growth mindset
when in fact you're working on an
external circumstance and vice versa it
is by far
probably one of the quickest and fastest
way by doing both at the same time
not only quick and fast but sustainably
quick and fast
it just requires the utilization for a
lot more resources
a lot more support and then if you're
not used to that
it and you don't have the support it can
actually
burn you out even faster than the
previously
mentioned way hopefully you got some
inspiration on how you can use
one of those three ways or maybe switch
between the
the three ways to start to develop
and embody a growth mindset so what's
next
what's next is to decide which path you
want to take or what sequence of ways
you want to develop that growth mindset
again there's pros and cons to both and
the most important thing is to recognize
what those pros and cons are and kind of
check in with yourself to see
what you're willing to cope with or deal
with
or navigate when it comes to developing
that growth mindset
all are equally effective in their own
unique way the key is to decide
and take action in that direction if you
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