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Ep #57: Confidence vs. Self-Confidence

59, Podcast  Oct 9, 2020

Self-confidence and money. 


we avoid managing money because of feeling. Remember, money is 80% mindset and only 20% action. 


Let's cover some definitions first, many times we avoid celebrating our achievements because we think it might be a sin.  


Proud→ Feeling deep pleasure or satisfaction as a result of one’s own achievements, qualities, or possessions. This leads to Gratification, feeling honored.  


Arrogance→ Having or revealing an exaggerated sense of one’s own importance of abilities. This leads to contempt and “I am better than you.”


Iblis banished for haughtiness -- “the appearance or quality of being arrogantly superior.” Envy. 


 Confidence - specific to practical talent or skill.  


Self-confidence is an overall mindset about your ability in all areas of life that matter to you. 


We think self-confidence comes from learning a skill and getting good it but you actually need self-confidence before you develop the skill. 


Not based on experience but based on thinking.  


If you are willing to do something because you have self-confidence, now you have self-confidence plus a little bit of experience, then you’ll do it again and again. 


 Self-confidence is your willingness to experience any emotion.  


When you feel a lack of self-esteem, lack of self-confidence, then it's very challenging to take any kind of action. You won’t get the experience, and you’ll use that as experience. You are afraid of failing, if you take action and fail, you will feel embarrassed, humiliated, defeated,  If you are willing to feel those emotions, that’s when your self-confidence comes. If you are willing to experience that emotion, then chances of you failing are much lower.  


You won’t be focused on failure as the worst thing that can happen. You’ll be open to it learning something.  It doesn’t mean that you are arrogant, or that those feelings won’t bother me, but it’s I know that feeling will be uncomfortable, I am willing to experience that emotion.  When you take action, you either do or do not get the result you want, but you always learn what works and what doesn’t. 


Take Action 


Fail


Learn. 


This increases your capability by practicing and getting better. If you aren’t taking action, you are moving away from self-confidence. You are failing ahead of time. Failing ahead of time teaches you nothing. So if you are going to fail, make sure you fail by taking action and learning rather than by doing nothing and trying to stay comfortable. Yes, both can be considered a failure, but one at least gets you somewhere and increases your self-confidence.


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