Want to become rich? Watch Sesame Street

If want to become rich, watch Sesame Street. Recently, Sesame Street is teaching kids how to Spend, Save and Share. I will share with you the video in the latter part of this blog...


It's cool that they teach kids about money. A lot of the wrong things we do about money comes from our wrong conditioning when we were kids. Look at your own life. Chances are, if you're having financial struggles, you can trace the reasons why - in the things that happened and things you've learned in your childhood.

Your behavior now about money stems from three things in your childhood:

1. What you've been taught

My parents taught me that there is no opportunity here in the Philippines. "You have to go abroad to make money. Only the politicians and the actors make money in the Philippines" - is what my dad always said to me (not only when I was a child but even up to today). And because of this, this is exactly what I did. I went to the USA to seek greener pastures and worked there for 10 long years. Even after earning a lot of money from real estate investing, it took me a while to leave my job and go back to the Philippines because I was clinging to a deeply embedded belief that there are no opportunities in the Philippines.


But here's the truth: opportunities to make money is everywhere and all you need to do is open your mind to them. Once your mind is opened, you will spot these opportunities everyday and you will never run out of money - wherever you are!


Think about it: if opportunities to make money only exist abroad, how do you explain the Chinese millionaires and billionaires in the Philippines? They immigrated here without even knowing how to speak Tagalog, with only their shirts on their backs and they managed to earn millions, sometimes billions - right here in our poor country, the Philippines. If they can do it, why can't every Filipino?


2. What you've observed and modeled

I observed my dad was "rich" every time he comes back home. He puts on lavish parties for his friends and "barkadas". But two weeks later, the money is all gone and he needed to borrow money for his family - us - to even survive, until he can go back abroad to work. He borrowed money from his mother - my grandmother - we call her "Nanay". He borrowed money from everyone., even the loan sharks.


Little did I know that this behavior which I observed is something that I would also do in my adult life. I observed this from dad and it became embedded in my subconscious mind as something that was normal and expected. So guess what happened to me when I grew up as an adult? Despite earning a lot of money when I was a yuppie (young professional), I became deeply in debt through credit cards. I modeled the behavior of my dad and I struggled tremendously.


If you're in debt up to your eyeballs, Sha Nacino's book "Think Rich Yuppies" will be able to help you. Go to http://ThinkRichYuppies.com to get the book (it's not in National Bookstore). You can also get it cheaper in my "Think Rich Quick" seminar here: http://TRQGold.com.


3. What you've experienced

Let me share with you a very emotional story that happened to me. I love books - even as a young child. I always read. I love reading this children's encyclopedia (I forgot the name now) - 24 volumes in all and I loved the smell of its pages as I browsed through it.


One day, I was so shocked to find out that my mom sold my encyclopedia because we did not have any money for food. I was so disappointed. I cried. I ran out of the house crying. It was difficult for a young child to accept that the thing he valued most was now gone. I was angry at my mom for betraying me - not even telling me of her plans. I was angry at the rich person who bought my encyclopedia and stole them away from me.


As a result of this traumatic experience, I hated the rich. For me, the rich were bad and greedy and they stole things from poor people, even kids. Because of this hatred for the rich, I struggled for money for a very long time. Even today, from time to time, this "shadow" rears it ugly head and I lose money every time I hesitate to take advantage of a financial opportunity because I was afraid it would make me rich (and a bad person who steals from the poor and from kids).


It's Time for a little Introspection

What about you? What are the things you were taught when you were a child that are not helping you to become rich? What are the things you've observed in your parents and the people around you when you were growing up? Are there bad financial habits you've seen from your parents you are modeling today that are causing you to struggle with money? Have you experienced something traumatic that is now causing you to be afraid to become rich? Do you harbor envy and hatred towards the rich? If so, you need to release this envy and hatred because you will never become rich until you get rid of these poisons in your head.


SO here is my plea to you my friend. Teach your kids the right things about money so you will stop the cycle of poverty that has plagued your family. Here's the video about Sesame Street's advocacy for teaching money to kids. Start them young while you can still influence and teach them.


I will go watch Sesame Street when I get the chance because I might learn a thing or two about money :-) and you should too.


dedicated to your success,
Trace
P.S. My highly anticipated "Think Rich Quick" seminar is on April 29-30. It will change your life. Here's the link to register: http://TRQGold.com