Striving for success can never be considered a bad thing, but what does the entrepreneurial spirit cost you?
You can spend your days dreaming of a successful business or money-making venture, but in some cases, your mind can deteriorate faster than your bank account.
Should you succeed in bringing in the extra income you fantasize about, there’s no authority over whether your mind and well-being are still taken care of.
I don’t say this to discourage you, in fact, quite the opposite.
I want you to pursue your dreams and your goals, but I also want you to feel happy and accomplished once you’ve crossed the finish line.
Entrepreneurs are burdened with glorious purpose, and yet no one wonders how the weight of an entire business compresses their mind.
If you choose to follow the path of starting your own company, your time and thoughts will be consumed by ensuring its success.
And that’s not bad; you just may need to retrain yourself to take a step back when necessary.
We talk a lot about enjoying your wealth and maintaining a prosperous but content mindset while pursuing it.
So, I’m going to walk you through how to guarantee that you won’t sacrifice the best parts of yourself for money’s sake with the ‘Healthy Bank Account, Healthy Mind’ formula.
You hate the greedy airheads of the world just as much as I – don’t fall into the same trap they did and lose your humanity in the process.
If there’s nothing left of you outside of your entrepreneurial endeavors, then you have nothing to call your own should your business fail.
And I know, we’ve all been told “Failure is not an option.” Well, any experienced business owner will tell you that it has to be.
If you take yourself down with a sinking ship, you’ll have next to no chance of collecting yourself to try again.
The important part about being a mentally-sound entrepreneur is resilience.
If you allow each wrong turn and bad day to drag you down, you’ll miss opportunities to improve and allow better days in the future to pass you by.
You can’t be afraid to fail in your business, real estate, or investing.
One failure does not mean you are a failure, nor is your idea.
But you have to be able to take it in stride and move on to the next step of getting better.
Once you’ve tasted success, it’s hard to accept that everything you do from then on may not be perfect.
With the correct support system and mindset, you can be as successful on the inside (mind) as you are on the outside (money).
And that’s what it’s all about, right? Making sure your mind is in the right place while you make money. Happiness and wealth are not the same thing, but their relationship is incredibly important.
You may not know much about mental health or mental illness, and that’s okay.
What’s important for you to know is that 72% of entrepreneurs suffer from the cognitive and behavioral differences associated with mental health conditions.
If you’re running a business and you suddenly realize you don’t feel like yourself, you’re not alone.
Research across several areas has shown a connection between the restless entrepreneur mindset and the development of mental illness symptoms.
That doesn’t mean these people are crazy; it means that they’ve allowed their goals to eclipse their well-being.
And that’s what I don’t want to happen to you. Putting yourself first is an important step to avoiding a deteriorating mental outlook, and many entrepreneurs forget that.
No matter what stage of entrepreneurship you’re in, you have probably gotten a taste for the feeling that there’s always more work to be done. Or that something wasn’t done properly. Or that you’re not doing enough.
These feelings are valid, but unwarranted.
It’s shown that many founders clock 60-79-hour workweeks.
We try to reduce the amount of time you spend working, not increase it.
The entrepreneurs that live this way don’t have weekends, or retirement plans, or personal goals.
They have work, and that’s it.
If you lose your business, which in the event of a bad market could very well happen, you need to have something left.
Take away your entrepreneurship, and what’s left? The shell of a person who doesn’t know how to live anymore? Or a well-rounded, content individual who knows more opportunities are on the horizon?
I know which one I want to be.
Don’t allow yourself to be caught up in the whirlwind so much that you miss the signs that you’re more than just overwhelmed.
Deteriorating mental health can cause a decline in your personal relationships, reduce sleep quality, change your eating habits, and even meddle with your emotions.
Those things should all be under your control, and your path to success should never entangle itself with maintaining your well-being.
This is what makes up the ‘Healthy Bank Account, Healthy Mind’ formula
The media would have you believe that anyone who is worth a million dollars is one of the happiest people on earth.
Research shows that is definitely not the case, and you shouldn’t follow those footsteps. Keep your head while you gain your wealth. When you have an empire of money and happiness, you’ll have only yourself to thank for it.