Sunday, September 8, 2013

Peoples Views About Money

We’ve all dreamed about having enough money to do what we want when we want, but for most people this dream never becomes a reality. It’s not easy to become rich, but it’s also not as hard as people might think. If you want to become a millionaire you must first learn to think like one.

Think about the fact that the currency we exchange is nothing more than printed paper. It doesn’t really have any value at all except the value that’s been assigned to it. Why would we want to measure our personal worth against printed paper that has no value? And yet, this is the mindset that millions of people have adopted.

Look at the effect money has on the way we view ourselves. To some degree, our sense of self-worth and security tends to rise and fall with our income. And regardless of how we reason on it intellectually, the truth is, we all have an emotional connection with money because we always feel better when finances are not an issue.

Money is said to be a concept in everybody’s mind. In real it can’t be touched or seen. Either an object such as gold or money or Cheque given in banks etc…Mere papers but very powerful pieces.

With dogged determination we lie, rob, borrow, gamble and sometimes work too, in the hope of boosting our income. So zealous is our pursuit of money, it's as if we think it will somehow make us happier.

One of the biggest distinctions between the rich and the middle class is the differences in thinking about money.

The middle class operates from a fear based consciousness, always worrying about the uncertainty of the future and therefore trying to protect and hoard their money. Rich people, on the other hand, operate from a mindset of freedom and abundance. Saving and investing is important to them, but they direct their mental energy toward accumulating wealth through serving people and solving problems. They know that the secret to becoming a millionaire isn’t in the mechanics of the money, but in the level of thinking that generates it.

The beliefs and philosophies about money between the rich and the middle class aren’t just different, they’re extreme!

Imagine if the whole value exchange system had been built on something like strips of red ribbon. “Oh, I’ve got more red ribbon than you so that means that I am a more valuable person.” The whole concept is so absurd, it’s laughable. And yet, in reality, a strip of ribbon is probably worth more than a dollar bill.

A long time ago, currency was intended to represent a commodity like gold or silver, but is that still the case? No! There is no commodity to back it up – they just print up currency and put it into circulation. And because most people still hold a commodity based mindset about money, the whole economic picture is just an illusion. But it’s a picture that we are all involved in, so what can we do?

Obviously, we need some financial security in our lives. Sadly, the way we’ve been programmed to attract money is probably not the best way to satisfy that need. Let’s go over several false notions about the almighty dollar and its place in our lives, and consider some alternative approaches.

From early childhood we are told that money makes the world go around. As a little kid we might have looked at our parents and said, “Can I have a dollar?” Then, if they asked why we would reply, “I need it to get one of these.” So right away, we learn to recognize that everything we want in life has a price tag on it. From that point on our mindset is that to get anything in life requires money.

As we get older we start to link our worth with our hourly wage. As a result of this emotional link, our sense of personal value gets all wrapped up in what we are able to earn per hour. Notice how this conditioning process unfolded. Initially, money had value because it represented what we could buy with it. But then, it took on a personality of its own.

We all need money so we can pay the rent and put food on the table. The need is real and without adequate finances things can get very uncomfortable. This adds another dimension to our mindset about money. Now, lack of money equals pain and having money equals pleasure. Is it any wonder that it is almost impossible to avoid forming an emotional attachment with that worthless printed paper?

What happens to our emotional stability when the economy is floundering and personal assets start evaporating? Our sense of security can easily turn into panic and leave us wondering how in the world we are going to cope. That’s a lot of leverage for paper with no intrinsic value.

Independent of the economy or our personal financial status, a balanced perspective can go a long way toward neutralizing the emotional influence of money. Maintaining the right mindset will not only help us to get through tough financial times, it will also help us prosper in the future.

Let’s try looking at this whole monetary issue with a more empowering mindset. We can do this by ignoring the negative press and addressing our personal relationship with money.

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