Brian KaskavalciyanCo-Founder, The Wealthy Contractor Inc. · I want to help you create more Success, Wealth and Freedom!

You Need to Be the Thermostat, Not the Thermometer, Here’s Why

Name: You Need to Be the Thermostat, Not the Thermometer, Here’s Why
Uploaded: 2024-09-23T12:00:41+00:00
Duration: 10 s
Channel: Brian Kaskavalciyan
Description: In this conversational excerpt, Brian Kaskavalciyan and Speaker A discuss the "thermostat vs. thermometer" metaphor to illustrate personal agency in…

23 Sept 2024 · 0 min

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In this conversational excerpt, Brian Kaskavalciyan and Speaker A discuss the "thermostat vs. thermometer" metaphor to illustrate personal agency in achieving financial goals. A thermometer merely reflects past results, while a thermostat actively sets the desired temperature. Applied to income, the speakers argue that setting higher income expectations (acting as a thermostat) can propel individuals beyond their current earnings, even if the ultimate target isn’t immediately reached. By progressively raising one’s income thermostat—from $80k to $100k, then $200k—people can break through previous limits and accelerate financial growth.

But I like to tell people, be the thermostat, not the thermometer. A thermostat on a wall is deciding what happens in that room. The thermometer is telling you what already happened.
I like that. That's good. Isn't that awesome? And because you could set the thermostat too. We talk about the thermostat as it relates to income.
We'd say that all the time and we say, hey, you know, maybe your thermostat's set too low. You know, it's like, hey, if you're running around making $80,000 a year, okay, and you've told yourself, I want to make $85,000, you're never going to get to $85,000. But if you set your thermostat at I'm a $100,000 guy, you're going to blow past that $80,000. And maybe you do, or maybe you don't get to $100,000, but you got past that $80,000 and then you set it at $200,000 and watch how fast you get past $100,000 and $150,000.