Something practically everybody has a relationship with is money; but very few people actually communicate a real need for financial advice. What sort of thoughts come to mind when thinking about money? What emotions are triggered?
Much like sex, religion, and politics, the word “money” prompts strong emotions. It can make people feel guilty when they have it, or ashamed when they don’t. It can bring strong feelings of desire, and it can bring feelings of excitement.
Some would say money is the root of all evil, and others believe it’s the source to happiness. Whatever thoughts and feelings one may hold towards money, they would have to agree that, at its root, it’s simply a means of exchange.
In reality, it’s as good as a smooth pebble rock; just as long as somebody wants that smooth pebble rock.
Basic Observations on Money
We all need money; only because we’ve all agreed that we all need money. There’s really no other reason.
Money is a metaphorical scale that measures the value of exchange between people.
Money is a tool; it has the power to create or the power to destroy. It can be useful, helping turn dreams into reality; but it can also be a prime cause to fear and anxiety. In the same way it brings comfort, it feeds insecurities, creating jealousy and hate.
Especially today, with our technological advancements, money can add serious convenience to our lifestyle; at the same time it can be a burden that we’re continuously chasing, leaving one absent to actually enjoy the lifestyle.
It can take you to places you’ve never been, and it can keep you away from the place you are now. It can take care of problems for the people you love, and it can keep you away from the people who need you most.
With not much thought and observation, it’s clear that even with the most brilliant financial advice, if we don’t master money, it will master us.
My Brazilian Jiu-Jitsu professor, who’s been a practitioner for over 30 years, once told me that it’s his perspective which allows him to perform and communicate our movements the way he does.
It makes sense that the years of hard work you put into mastering anything, is also years put into developing the proper perspective. It’s safe to say, when we’re a master at anything, we see the processes differently than others; and it doesn’t take any additional effort to do so.
Our belief systems just adjust; and because of that, we’re more aware, and we execute differently. We’re able to see the bigger picture. We handle difficult tasks with ease, making it look more like luck, or some extra ordinary skill.
I can speak from personal experience when I say first perspective changes, then results follow. I’ve seen this to be true time and time again, in both my Brazilian Jiu-Jitsu journey, as well as my entrepreneurial journey.
The human mind learns new concepts by relating to familiar ones. When we allow ourselves to see things in new ways, our mind relates to other things we already know; our memory system links things in ways we’d never imagine, and we begin to understand in ways we never thought before.
We don’t just figure things out, we relate things we don’t know to things we do know; and it progresses from there. When it comes to financial advice and money decisions, it’s no different.
My views on Brazilian Jiu-Jitsu hasn’t changed because I’m getting better; I’m getting better because my views on Brazilian Jiu-Jitsu are changing.
In the same way, my views on money haven’t changed because I started making more money, I started making more money because my views on money changed.
Limiting beliefs Counter Financial Advice
I remember first recognizing my own limiting beliefs revolving around money. It was around the time I first came across Napoleon Hill and his personal success books.
Without being born into a lavish lifestyle, I’ve been accustomed to handling money from an elementary age. Whether it was selling my broken toys and used pencils on the front steps of my apartment (location, location, location!), rounding up the boys on the block to start a car wash service, or one of the countless other arrangements I thought of, I always found ways to make money.
So because I had allowed myself experience, my major fears didn’t include not knowing how to make it, or not making enough; but as I grew older, fear of loss was definitely present, and some part of me did think it was bad to have.
Having fixed beliefs about anything seriously leaves us blind to opportunities and progress. That’s especially true when it comes to money.
Our perspective of money will ultimately influence how much we have, how we get it, and what we do with it. It’s also important to know that having more money doesn’t change who we are; it just makes us more of what we already are.
There’s no running from it – it’s a part of the system we’re participating in; the system which is discreetly designed in such a way where most of us can determine the price of things by the amount of life we give up for it.
The system where most of us think the safe thing to do is to trade 5 of our 7 precious days of the week, doing something so miserable and boring that nobody else will do it (and that’s why we’re paid to do it).
Backwards Views on Wealth
From my own upbringing, I see that our culture has been filled with many myths revolving around financial advice and education. People grow up with self-sabotaging beliefs about money all the time; particularly in under developed parts of town.
Not enough of us are fortunate enough to have the knowledge passed down; and it’s not properly taught in our school systems. This is really a huge problem for too many people.
Because so many of us are uninformed, we take much less risks; and overall, just make things more difficult on ourselves. These myths have conditioned people’s minds to view money completely backwards from what it actually is. Like a tail that tries to wag the dog, we try to get more money, pursuing wealth.
If we are to measure something, we need some tool to do the measuring; a ruler or a clock, something that is steady in its measuring. We use these man-made tools to compare the rates of change – like a clock would measure the rate of change in time.
A common confusion in society is to view our man made devices as what actually makes things happen. We do it with money all the time. We believe money is wealth; and that’s as ridiculous as viewing the clock as time; as if the sun sets because it’s 7pm.
Money is a tool we created to measure a part of wealth. You don’t get wealth, prosperity, or even happiness because you have money; more so, I’ve found that you have money because you feel wealthy, prosperous, and happy.
When I look at people who have created great positions for themselves financially (and otherwise), I see it’s the happy mind that produces ideas which generate growth. A joyful attitude that appreciates, produces richer thoughts. A depressed mind thinking deprived thoughts can never experience serious growth; and if by some chance it does, it’s never correctly valued, and is often very short lived.
Abundance is all around: within seconds, we’re able to heat up our food; at the press of a button, we can change the temperature in a room; with paper and pencil, we can record ideas and share them with others; for the price of a plane ticket, we can fly across the world in a matter of hours. If this isn’t the most abundant time to live in thus far, I may be the one who has it backwards…
So, why do so many people fail (even with the best financial advice) to achieve economic abundance when financial opportunities surround us in every moment?
From what I’ve learned and experienced as an entrepreneur, people’s perspectives that aren’t geared correctly; this is why I believe most can’t see opportunities the same way an entrepreneur would.
Any potential is met with equal doubt. A tainted self-image, reaching from as far back as our upbringing, reinforces false limitations and prohibits us from putting good financial advice to work.
Often times, we don’t even give ourselves a chance. We think we’re play it safe; and if we’re real careful, we don’t fall in love with money – the real root of all evil.
It’s introductory, but it’s the foundation; the best financial advice for college students and dropouts is to consider their own connection to money.
It’s important to know that we’re the ones who are responsible for how much we make, and how much debt we get ourselves into; no one else.
The bigger picture – we’re responsible for the life we create – for ourselves, our families, and our communities. If we want to start making more money, I think we should start by analyzing our views and methods for it.
After all, who wants to be a slave to something we ourselves created?
Question: How would your life be different, if money didn’t exist?
Quit with the get rich schemes – build a business team.
Share this with your team; someone might have something backwards.