Your Success Depends on Your Relationship With Money
Money is a tool and that’s all money is. It is a tool that is used for trading. In short we exchange money for products and services. The more we value something the more money we will give for it. That’s why people who stack it high and sell it cheap have a hard time in business. The psychology of what they do promotes the lack of value they have in what they are trading.
One of the biggest hurdles to anyone getting involved in business is letting go of the ‘hoarding money mindset’. Hoarding money say for example in a building society account will get you a minimal amount of interest. But to make money you have to invest money and I will talk more about the difference between a risk and a gamble in future posts. People who hoard money usually do so because they fear losing it. This is not a productive mindset to have if you want to be in business. Most millionaires have been bankrupt (some more than once) but they always manage to make their money back. In fact they normally make more money then they had before they went bust!
The biggest hurdle (mountains for some), and the difference between just doing business and being really hugely successful, is how you change your relationship with money. If you could invest £10,000 and make £100,000 that’s good business – but how many people wouldn’t even go any further and stop as soon as the words “£10,000” were mentioned. They would probably be worried about losing £10,000 and that shows a certain mindset that successful people no longer have. In business terms this is called the ‘poverty mindset’ and it is a major drawback if you truely wish to succeed and succeeed well.
Everything is Transient – Nothing Lasts Forever
Everything you have will one day go and you will also die. That is a simple fact of life. All the hoarding in the world will not prevent your death when it is your time to go. And I can guarantee you this. When you are on that death bed it won’t be how much money you may or may not have that will be at the forefront of your mind. It will be what you did with that money that is of importance. What value and comfort and kindness did you bring to you, your family and others through your capacity to generate profit.
Money as the ‘Root of All Evil’?
Ok, I know that someone out there will be barking on about ‘money being the root of all evil’ and ‘money doesn’t solve everything’. We’ll money isn’t the root of all evil, it is the unhealthy love of money that is the root of all evil. That is why so many of the people who hoard it are so unhappy. That’s why they hoard it. And as for ‘money doesn’t solve everything’ no it doesn’t. It wont stop you form getting cancer but it can help in finding cures for it and it definately helps to improve the quality of what little life that someone may have left.
On the 26th August we will help those of you attending in changing your relationship with money. It only costs £50 to attend. If that’s too much then stick it in a building society or ask your bank manager for advice on what the best rate of interest is on ‘hoarded money’.