Two kinds of Money Problems

• A problem is an issue; a tension between the present, and a desired future state
• Problem owners focus on the desired state since it involves resolving issues associated with goals, values and preferences
• A problem may or may not be solved, based on priorities...

• The defeatist mindset: When you admit you don't know enough to do a task and think someone else should do it. Here "I don't know" is an excuse for not completing a task and prevents you from learning new skills.

• A growth-driven mindset:

• not buying,

• not buying enough,

• not making one more bid in an auction,

• holding too much cash,

• not using enough leverage, or

• not taking enough risk.

• buying too much,

• buying too aggressively,

• making one bid to...