Money of course is one of the most important things. And why not it fulfills our daily needs right from food, cloth, and shelter. Not just that it gives us freedom and security.
But wait, is this the way we think about money. And is it limited to a certain horizon of thinking? Well, no, there’s another way of thinking about it.
Hey readers, welcome back I hope you are doing well, and am sending lots of positivity to all of you.
In today’s blog post just like the previous one, we’ll be again talking about money but this is from a different perspective.
Money is something they have plenty of, have seemingly little problems acquiring, and ain’t afraid of spending.
But this is not how money works, and is not bound to saving and spending.
The average person has no idea what money is and how to leverage it for a life filled with freedom.
By the end of this article, you’ll have some understanding of the concept of money, and it’ll fill your horizons.
So, back and relax as we’ll go through 10 ways to think about money.
Also Read:- How To Make Money Work?
10 Ways To Think About Money:-
Here are 10 ways to think about money:-
Think of money as a tool, not a result:-
Well, most of us see money as a result and it’s something that we gain by going to the office for work and lose it by spending.
We use it to pay bills and maintain our lifestyles but rarely use it as a tool. The acquisition of money is a zero-sum game for the average person.
Whereas, the rich and successful people have a different mindset and they don’t view money as a tool. A tool that can be used to acquire and do more of what they want.
That’s the reason why successful investors understand the concept better than most of us.
Let me explain it with an example, let’s say you have a million-dollar lying and you decide to finance a new car.
What you do is simply pay $800 per month in installments.
But on the other hand, people with a mindset for wealth might do something simple as placing a million dollars in a bank account that yields 1% interest and then use $833 per month accumulated interest to pay for the car.
So, when we start to see wealth as a tool, that allows us to grow wealth and do what we want in life.
Money should help in prosperity and not debt:-
There’s this saying that I remember and here it goes, “If you are smart you don’t need debt. If you are dumb you should not take debt”.
And it takes back to the basics. Focus on the solution, not the problem.
Many people get stuck in paying off their bills and debt because of which their attention towards money accumulation is focused on paying off their bills and reducing debt.
They don’t see beyond that.
It’s good to pay off bills and reduce debt, but it should not distract you from creating wealth.
And it’s important to set up an automatic debit payment plan that will help in focusing on savings, prosperity, and growth.
It’s important to figure out how much you need to clear off debt and work according to it. Write it down as it’ll help you to stay focused.
Keep your emotions aside:-
Emotions are what makes us or breaks us.
Money was always viewed as a source of stress.
Something that directly dictates whether we’ll have a good day or bad day.
Our self-worth is proportional to it and made us question things like what kind of clothes should wear, what kind of car should be used, and how nice my apartment was.
Eventually, all of this is pointed to how much money do I have in my bank account.
Money should not dictate our emotions or determine our self-worth.
So, getting back to the first point, money should be used as a tool. Overall, we become the ones in charge of our lives, not money.
If we’re emotionally weak about money then we won’t see money as a tool and will always see it as a result.
Emotions will cloud our judgment and cause us to make poor choices with our money.
That’s why keep your emotions aside, cause that will help in making proper decisions.
Use the money to buy yourself peace and you’ll end up with happiness:-
I always used to think that money can’t buy happiness and that was my thumbnail. But as I grew up I realized, f**k how wrong I was.
Money can buy happiness. They failed to mention money can buy you peace.
So, let’s break it down,
Peace comes from the lack of stress and worry.
That’s the power of money, once we generate wealth, it makes us feel secured, and our future is predictably positive.
We worry less and don’t think about what we’ll eat tomorrow and where we’ll sleep. Money buys that because these are money problems.
And once you bought your safety, you are left with non-money problems such as how do I feel about myself, relationships, and what do I need to fulfill it.
Once you buy yourself peace, you will eventually arrive at happiness!
Broke is temporary, poor is forever:-
There’s a distinction between the two.
Broke means you have no money.
Poor means you have no way of getting out from the ‘no money scenario’.
Poor people accept the reality and they don’t come up with a solution.
They blame others for the situation.
They have the mindset of things not changing and because of which they pass on the value to their kids.
On the other hand, a broke person is not the same as the poor.
They believe in escaping poverty and think of the options of changing.
They believe change is up to them even if it means pushing harder.
The broke seek to better themselves for a bright future and look at the process from a gradual perspective.
The poor think of the world from a black and white term.
Their wish is to be rich, not to: not be poor.
Reread the line to gain the confidence that you are broke, not poor only then you can begin to move up.
First, you learn and then remove the ‘L’:-
The biggest truth is to make money you need to add market value to the marketplace. Well, to add market value you need to learn constantly.
When we hear learning we think about getting a degree or doing MBA from a top business school.
No, learning means learning a skill that will add value to the marketplace. Learning to use a new tool.
It will help in boosting productivity and will help in making some money.
Not just that to thrive in the marketplace it’s important to learn how to communicate, how to write, and read.
“You want to stop being broke? Learning new skills will make you valuable”.
So, invest a lot in learning, cause that can change the course of life.
Also Read:- Book Smart v/s Street Smart:- Two Genes of Smart Categories
Money grows on trees only if you know what seeds to use:-
Most people have a mindset of going to work, make some money, and spend it.
How dumb is it?
The average person has no idea that there are money plants and trees out there.
Rather than spending the entire money, why not plant and nurture it to grow.
If it’s done enough time, you don’t have to go to work anymore.
The poor spend money, whereas the rich have a money tree.
If you are working, you have excess capital and the reason why you don’t have a money tree is that you want comfort.
You say to yourself that you need a new TV or an iPhone.
But in reality, you don’t need it, it’s just a comfort.
You’re comfortable, not free.
And the moment you sacrifice comfort, you realize how much excess capital is there in your life and that’s freedom.
This is what passive income is.
Income that is generated without working hard, rather working smart.
That’s the mindset of rich people, they don’t rely on one stream of income, rather they diversify it.
Investing money in the right manner can help in growing your money.
Money is not yours, it’s just your turn to hold it:-
Money pushes the economy.
It changes from one person to the next. Money constantly flows.
Do you want money?! Move-in life with the flow of money in the marketplace.
So, simple all you have to do is take part in the marketplace of exchanges.
Then you realize the value of yourself more than the money.
Look around you and teach yourself to see the flow of money.
Ask yourself, Who’s got my money? Who’s willing to pass it down? What are you looking for? It’s like being a giver. That is thoughtful.
You are not spending money, you are encapsulating your time:-
There’s this saying that is so deep and true, “Time is money”.
It just baffles me and makes me ask these two important questions,
What is the cost for you to get money?
What are you trading for?
Yes, your talent and skills matter as you are selling your value in the marketplace, but in the end, it’s the time that you are selling.
It’s basic math. Let’s say you buy a car worth $40,000, not only you are paying with money but also paying with time. 400 hours of your life to be precise.
When you buy it, it costs 2 hours worth of work + 40 minutes you spend browsing the store.
“If you want to take control of your financial life, you need to start thinking about spending in terms of time, not money!”
Ask yourself this question, How much time do I need to invest to live that life that I want to live? Thought-provoking readers.
Money is a fungible token:-
Okay, let’s talk about cryptocurrency as it’s the future and has the potential to replace the traditional currency.
And is replaceable with similar money of the same value.
A $100 bill is worth the same as every other $100.
This phenomenon is known as Fungibility.
Funny isn’t it.
So, it’s not the traditional currency that is fungible but many things around us are.
This changes the mindset once you get rich and you enter the non-fungible token world.
Let’s say, for example, Mona Lisa.
It’s worth more than other Mona Lisa in existence. All value lies in the original. So, if you want to be rich, you need to be non-fungible or own the non-fungible thing and have value.
Also Read:- Cryptocurrency:- Is this the future of the Internet or basically everything
So, that’s a wrap.
Readers, tell me How do you think about money? Let me know in the comment section below.
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