If you are living in a first-world country, it is safe to assume that our beliefs and attitudes can shape the way we view money.
Am I implying that those who seem to have more money have a different set of beliefs and attitudes as compared to the rest of us?
Think about it.
Our decisions to invest or not to invest, to spend or to save, to learn and create passive income streams or to be passive about income itself etc. are all directly fueled by our own beliefs and attitudes towards money.
Fortunately, what this means is that by merely changing our beliefs and attitudes, we can begin to increase our income or even have more savings.
The following are 3 out of the many “mental wealth files” as mentioned by T Harv Eker in his best-selling book ‘Secrets of the Millionaire Mind’.
Let’s find out how rich people and poor people think differently.
1) Rich People Believe In “I create my destiny.” Poor People Believe In “Life Happens To Me.”
In order to even possess the intention and to take the actions necessary to increase our wealth, we first need to strongly believe that we create our lives and life does not simply happen to us.
Yes, amongst us, there are those who might be religiously inclined and you might believe in fate.
But the honest question that we all need to ask ourselves is, “How do we know what is fated for us and what isn’t if we keep using only a tiny percentage of our actual potential and then assume that something is not fated for us?”
The painful truth is that it is easier to point our fingers at fate and resign to a mediocre existence. It takes firmness and grit to strongly believe that we are capable of more and to take massive action to achieve more.
2) Rich People Play The Game Of Money To Win. Poor People Play The Game Of Money Not To Lose.
In the game of soccer, you would have seen offensive play as well as defensive play. Which helps you score the goals?
You’ll be surprise that many of us are living this way.
We are always trying to be overly careful and sometimes, instead of thinking of ways to expand our income, we are constantly using up our energy and time to think of ways to cut down our expenses.
While it is good to cut down expenses and to live within our means, we also need to spend enough energy and time to think of how to expand our income.
But before we can get down to that, we need to first believe that we are capable of making and saving more money.
3) Rich People Are Committed To Being Rich. Poor People Want To Be Rich.
By now, we should all know that there is a difference between merely wanting something and doing everything it takes to eventually get it.
Same goes for money.
Let’s take education for example.
Wanting a degree is different from researching about the different programs available, setting aside the required funding and going down to the university to apply, eventually starting the classes.
And then doing all it takes to get your degree.
Somehow in Singapore, we know the clear paths to attaining an educational qualification.
When it comes to money, we do not believe that it is possible to set a goal, chart the path and do all it takes to achieve that goal.
That is why we need to change the state of our mental wealth first. We need to become committed.
Truly, it is commitment that brings clarity and shines light in places where darkness seems to overwhelm.
Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation), there is one elementary truth that ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then Providence moves too. All sorts of things occur to help one that would never otherwise have occurred. A whole stream of events issues from the decision, raising in one’s favor all manner of unforeseen incidents and meetings and material assistance, which no man could have dreamed would have come his way. Whatever you can do, or dream you can do, begin it. Boldness has genius, power, and magic in it. Begin it now.
― Johann Wolfgang Von Goethe