How to Use Inversion Thinking for Prosperity – Episode 464

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[00:01] Welcome to the Prosperity Podcast. Prosperity thinkers. On this episode, we’re going to be talking about inversion thinking. It’s something that some people have heard about and it may be a new concept to others. Kim, I’m actually going to be teaching parts of this to you. Yes, it’s new to me. I think I know what the word means. But do tell. Yes, absolutely. So I am actually I’ve been in enough of your trainings to know that you are familiar with this. You’ve taught this, I’m just kind of labeling it and framing it a bit different. But it works like this for us as people. Oftentimes, we set goals or we’re trying to think of what we want. Now there’s this paradox of choice. Meaning when there are too many choices, our brains don’t know

[00:46] where to go. At least for me, I love when I go to a restaurant and the menu is simple. It’s like, hey, here are the simple dishes. Because I don’t have to sit there and go, oh, I don’t know. Boom, this one. And what we’ve found with this inversion thinking is we can look at the problem differently. So for example, if I’m trying to find my ideal home, that’s going to be incredibly difficult to do. But if I look at it and say, what would be a what would a bad home look like? Well, I know how to do that. And say, oh, well, a bad home would look like this. And it would look like this. And now I’ve got those answers in place. So I know what a bad home would look like and say, okay, well, now I know I never want that. And how do I solve

[01:30] the problem to never go there? So let’s talk about it with finances. What would bad finances look like, Kim? Oh, I love this, especially because we have a new program coming up that is gonna help overcome what bad finances look like. And it’s something that all of us deal with. And it is the lack of connection between financial decision A and financial decision B. So I’m going to go to a higher level now, we all know some basic bad finances, but let’s just identify that the connection from A to B to C to D to E is super, super important. And what it typically looks like is people have a balance sheet with assets and liabilities. And people will have an income statement with money coming in and money going out, whether it’s an actual

[02:22] business or a person, it doesn’t matter. And then maybe they have a fifth element of like a list of insurances. And there’s absolutely no connection between those five elements. That is what bad finances look like. Okay, so, so no connection with those. So we’re talking bad communication is the foundation. Bad information. Okay. And so would we also say that another layer to bad finances is not reaching outside of ourselves for wisdom and insight? I would agree. Yes, there are times when we need to do our own thinking. But there are absolutely times when it is appropriate to get help. Okay. What are the pieces look like bad finances, because I want to kind of run through this list and then start to

[03:16] flip it. So we’re real time, because I think our listeners as times go on, they may have desires and goals with their finances. But as the world the darts of this world come on, it’s going to erode. So let’s talk about that. So elaborate a little bit on the question that you’re wanting me to identify. Absolutely. So apart from bad communication, not getting advice from others, bad information centralization, what are other essential pieces of bad finances? Yes. So this lack of communication is also, I just want to delve into it a little bit deeper, because it’s and I’m missing the word that I’m seeking right now. It’s not literally connecting the assets to the liability. So I know we’re going to do another podcast, for example, on good

[04:09] debt and bad debt. So that’s an example of where your assets and your liabilities are incongruent or they’re not coordinated. Maybe that’s a better word. And you truly want if you look at the seven principles of prosperity, you want coordination to be prevalent. And that does require communication between all the different assets and liabilities, but also between the income and the expenses. You know, this even goes to like Robert Kisaki’s original story of if you have an expense, try to get an asset to pay for it. Most people don’t think about it that way. They think, Oh, I need income to pay for my expenses. Yes, that can do the job as well. But you can now see how three different things can be coordinated there. When so often those

[04:56] three different things are looked at individually. So they’re not communicating amongst each other. You’re not communicating with maybe even just spouses and other people that are involved in the finances, including anybody else that could get help. So we’ve got a whole long list there. And the coordination and integration is necessary for the money. But also the people I love that you brought that up. That’s a great addition. So those and I think even just these few pieces of the inversion thinking like what does bad finances look like and we’re in that communication realm. I mean, we could go on for hours about that. Yes. And so we talk about this. So we can understand the lack of communication, lack of information, lack of some central

[05:44] hub of where we know what’s going on. Now we can say, Okay, well, that’s what it would look like if it was bad. Now, how do we solve the problem? So that this looks like it’s good? How do we solve that? Well, this is going to be our solution going forward. And I haven’t even shared this with anybody yet, you included, but we’re just in the final stages of creating something that we call a prosperity pledge that is going to be a spot of technology that will solve the problem of these five areas and their lack of communication and integration amongst them. There are so many of our clients that literally are tracking their personal finances on Excel spreadsheets because the ment.com and the UNITA budgets

[06:31] and the personal capitals out there don’t deal with investment real estate very well. They don’t deal with life insurance as an asset very well. And they absolutely do not help you coordinate, integrate, communicate amongst the five main elements. And so stay tuned for the piece of technology, the course that we have called the prosperity pledge, we’re going to be releasing information literally within the next two or three weeks on it. So we’re recording this on the early spot of May. But by the time the podcasts come out, we may actually have the prosperity pledge ready for people to go to test drive to learn a little bit about and wouldn’t have termed it. But you said it well, we have done integrated thinking all along

[07:18] the way, like, what do we not want? Where are the problems? What problems is the technology going to fix? And then creating a course around all of those good solutions? Yeah, absolutely. That’s a really well put. And there’s another piece in there is our human behavior and our will it’s quite difficult to be going in and creating that the long term habits and the discipline we have to look at this. And so what you’re talking about the prosperity pledge, having that holistically, look at the pieces that most never observe, meaning using life insurance, 99% of the people don’t use it, and they don’t understand it properly. And so to finally have a tool it says, Hey, we get you guys, we’re gonna help you. That’s

[08:06] amazing. Let’s wrap this piece up of our inversion thinking. We’ve gone through we figured out, okay, we’ve solved the problems, we know what we don’t want. Now, we understand how we’re going to steer away from it. I think our last piece is looking at and getting clarity on maybe action items. So when you are trying to solve a problem, how do you set an action rhythm? It’s a great question. I always want to really listen first. So to me, that means listening to God and people have their own things that they listen to. But that’s important. And then I take action on answers that I get in that time of prayer or meditation. And I make sure that it goes on the calendar so that I get the results and I involve

[09:00] others because if I will include our bookkeeper or one of the members of my team, then I know that a different skill set is being brought in. And then I’ll get the results and they’ll help me hold myself accountable to the work that I want done. So picking up on the prosperity pledge, I’m hoping that we can be that bit of an accountability partner to our clientele in that it will give them like there’s literally a pledge that they sign. And then also the technology to support that, which culminates in a single page, what we’re calling as a prosperity profile, that will pull together those five elements, assets, liabilities, income, expense and insurances, and including other protection things too, like wills and

[09:46] trusts and LLCs, etc. All on a single piece of paper, eight and a half by 11 summary view of their personal financial situation, which then will enable them to use that to make even better decisions to create that communication amongst those five elements. That’s so good. You know, when you mentioned this as a one pager, in my mind, and I just have to explain how I think, I immediately thought of like credit karma. I was like, you guys are prosperity karma right here. Like, you guys just went through, you listed out because I love you know, you log in, you’re like, oh, I’m in an 805. Oh, man, I really, you know, what can I do to boost that up? And oh, it’s telling me utilization and everything else. And that’s what you’re doing. That’s

[10:32] amazing. So Kim, thank you for sharing with us about the prosperity pledge. And then also walking through, I think that last nugget, what you explained of taking action, meaning collaborating with others having accountability, us first, before we do any of that seeking wise counsel from God, spouses and other things like that is so essential for us. So thank you, Kim, for sharing those things with us today. Always a joy. Thank you for listening to the prosperity podcast to take control of your money and have it work for you. Visit us at partners for prosperity.com. If you liked this episode, make sure you subscribe and leave a review.