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Episode 2806:
Harlan Landes explains that true financial success originates from within, emphasizing the importance of an internal locus of control. By adopting this mindset, individuals can better plan for long-term goals, accept responsibility for their actions, and achieve their financial aspirations.
Read along with the original article(s) here: https://www.getrichslowly.org/financial-success-comes-from-within/
Quotes to ponder:
"It took some time for me to understand that I had more control over my situations than I was allowing myself to believe."
"Success, defined by a personal goal, financial or otherwise, can be easier achieved by shifting to an internal locus of control."
"Rather than blaming your financial situation on bad luck, a broken system, or your parents’ negative influence, determine which choices you made or didn’t make brought you to where you are, and make some new ones."
Episode references:
Mindset: The New Psychology of Success: https://www.amazon.com/Mindset-Psychology-Carol-S-Dweck/dp/0345472322
The Millionaire Next Door: https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474
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Optimal Finance Daily - Financial Independence and Money Advice 