What we say and what we think about
money translates into how we handle money and how much we earn and more
importantly how much we keep.
At my seminars they ask attendees
what they heard about money and wealth when they were young and invariably the
words they heard were negative.
Things like: dirty money,
filthy rich, it’s easier for a camel to crawl through an eye of a needle than
for a rich man to go to heaven.
You’ve heard these phrases; you’ve
probably even used some of them at times.
But if deep down, at some level, you
have some negative thoughts about money, how can you be comfortable earning and
keeping more of it?
Steve Siebold, the author of five
books and an expert in the field of critical thinking and mental toughness
training recently shared nine money phrases we have all heard before, and
that many of us say both consciously and subconsciously all the time.
He warned to be careful, as some of
these seemingly harmless phrases about money can actually interfere with your
wealth-building process.
Let’s
take a look at nine of the most popular phrases about money:
It takes money to make money
This phrase is limiting at best and
destructive at worst.
The truth is you have to have great
ideas that solve problems to make money.
If you do, you will attract money
like a magnet.
Wealthy investors are always on the
lookout for the next big investment they can sink their teeth into.
Money doesn’t grow on trees
Figuratively speaking, money does
grow on trees; and the trees are ideas.
This belief sets people up to
believe money is scarce and difficult to earn, instead of seeing money as
abundant and earning it is as easy as solving a problem through persistent,
creative thought.
Another day another dollar
The masses trade time for money.
This creates the belief that making
money is a linear process directly connected to time.
The average person believes the only
way to make more money is to work more hours.
Big money requires thinking about it
in non-linear terms.
Money is the root of all evil
The real saying is actually “the
love” of money is the root of all evil, but has been misquoted for centuries
that most people believe money itself is the root of all evil.
Decide to be proud of your ambition
and ignore people who tell you that wanting to be rich is wrong.
A penny saved is a penny earned
This is a very dangerous belief as
it put a major emphasis on saving.
Saving in itself is not bad, but the
masses are so focused on clipping coupons and living frugally that they miss
major opportunities.
People must reject this nickel and
dime thinking and focus their mental energy where it belongs: on the big money.
Money can’t buy you happiness
The most common misconception about
money is that more will make you happier.
You don’t get rich to get happier;
you get rich for the freedom it brings.
It allows you to live life on your
own terms, but it’s unlikely to make you any happier.
If you’re unhappy without money,
you’re not going to be happy with it.
A penny for your thoughts
This is usually a harmless phrase
when people just want to know what’s on your mind, but be careful.
If overused and it penetrates the
subconscious, you’ll start giving away your intellectual property for
practically nothing.
Your IP and unique perspective can
potentially be worth millions if packaged properly.
Selfishness is a virtue
The masses are programmed from an
early age to put the needs of others before their own.
While this sounds like a
spirit-driven, high-level philosophy, it’s the worst advice you can get when it
comes to money.
In order to make a lot of money,
there is a period of time in the beginning of the wealth building process where
you must focus on yourself and your business in order to make it at an uncommon
level.
Once you acquire wealth, then you
can volunteer or give back to charity.
More money more problems
Another myth among the masses is the
idea that millionaires are workaholics overloaded with so many problems they
don’t have time to enjoy life.
This is another excuse the middle
class uses to justify being broke.
It’s as if they’re looking for a
reason to avoid success by making it seem unattractive.
The truth is the more money you have
the more control you have over every aspect of your life.
The more money you have, the fewer
problems you have to personally address.
While the masses are staying up at
night worrying about their problems, millionaires are fast asleep knowing
everything will be taken care of.
The
Bottom line:
When it comes to money, the best
advice is to always look at it from a consciousness of freedom, possibility,
opportunity and abundance.
Never look at money from a fear and
scarcity point of view.
Start today by building beliefs
about money that serve your best interests and help you develop substantial
sums.
It’s not intelligence or education
that holds back the average person from getting rich; it’s the middle-class
beliefs around money that keep them struggling to survive in a world of
abundance.
If you want world-class wealth, copy
the beliefs of the wealthy.
If you’re rich, keep thinking the
way you’re thinking. If not, maybe it’s time to change the way you think about
money.
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