Home Business Insights & Advice Khuram Dhanani shares tips on developing a growth mindset

Khuram Dhanani shares tips on developing a growth mindset

by John Saunders
6th Apr 22 5:29 pm

Life can get overwhelming at times. There are four core areas that have the biggest impact on your life: health, relationships, finances, and spirituality. Khuram Dhanani builds his growth mindset around these four key areas and shares how to find clarity in times of confusion.

It must be stipulated, adds Khuram Dhanani, that maintaining healthy and growing goals for each of these four areas can significantly improve one’s quality of life. The aforementioned is equally valid for an individual’s present-day situation and expectations for future growth.

What exactly is a growth mindset?

To put it as simply as possible, a growth mindset is always being “willing to learn and improve.” No matter what you do, you aren’t the absolute best you could be. You always have the ability to learn what you don’t know and take that knowledge to improve yourself. Many people will approach personal growth with a nihilistic or even laidback point of view. This approach, however, is bound to fail. Here are some essential ways to improve your growth mindset.

Take your education to the next level

Are you one of those people that always meant to go back to school but never managed to? Life became too busy with work or child-care, and thus, education took a backseat. If you are one of these people, then you might need to re-think what’s important to you. Getting that next degree, certification, or educational experience can be crucial to continue to grow.

Luckily, achieving this is easier than ever with the advent of online education. You can take online classes from several different colleges and programs that will fit into your schedule. So don’t worry about the extra time it takes; it’s one of the highest returns on investment out there.

According to a recent study released in February of 2022, 61% of Americans are living paycheck to paycheck. For a country with one of the highest GDPs per capita globally, this phenomenon can largely be explained by a lack of education. Only with evolving your education, saving money, and smart financial planning can break this perpetual cycle. Financial growth is inseparable from personal growth.

Surround yourself with good people

Warren Buffett once said, “always associate yourselves with people that are better than you”.

This practice can help you stay on top of your game, as we are social creatures, and particularly in understanding your room and potential for improvement.

Surrounding yourself with driven, smart people can help you greatly through the process of osmosis. You will naturally seep in information, strategies, ideas, and a growth mindset from the people around you like a sponge. Why are they successful? What are their tips? How are they benefitting me as a person? Ask yourself these questions and adjust accordingly.

Keep your finances in order

The comfort that comes from financial freedom is not to be underestimated. Such comfort gives you the freedom to focus on what matters: growth. One of the keys to that freedom,, and more importantly keeping that freedom in check, is to keep your finances in order.

Limit what you spend money on and understand the reasons why. There’s nothing wrong with that morning Starbucks run for a double latte, and equally, if coffee with milk at home is your thing, that’s fine too. The key is to track where your dollars are going.

And, one place they must go is towards investing. It’s crucial that at least some of your dollars are going into the investment bucket. This is the only way you will be able to have complete financial freedom one day. Cut down on the expenses, increase the savings, and invest the savings in investments that are designed to grow.

Give yourself an overall plan

Where do you see yourself ten years from now? Where do you see yourself in twenty years? They say necessity is the mother of all invention, and many people wait until that necessity becomes out of reach, but it doesn’t have to be that way. Although it can sound tedious or corny, developing a structured life plan can greatly assist in your self-cultivation as a human being. Khuram Dhanani recommends doing this planning separately for each of the following four buckets: health, relationships, finances, and spirituality.

A recent survey found that only 33% of Americans have a life plan. However, most Americans who have a life plan have said it helps them tremendously navigate the world with a purpose and structure. Coming up with a picture of where you need to go will help you implement the steps needed to facilitate your goals. Only by having a road to travel can you properly travel.

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