mrwritesalot

[mrwritesalot]

Take a look at this post… 'that's what THEY said..!'.

[mrwritesalot]

Psychology of Money

Today's topic is about money as you all might have guessed about from the title. But it's not about how to earn money as that is something we all know. Even a beggar earns money and we are far more knowledgeable than beggars so. And plus as the author of a great book Rich Dad Poor Dad, Robert Kiyosaki described that it's not about how much you make, it's about how much you keep. It's one thing to earn a million dollars and another to make billion from them.

Handling money is a skill that we all lack or don't have. We all make a great amount of money by god's grace but what about keeping them? Now it's a debatable topic, we confuse between 'living your life to the fullest' and 'making sure about creating wealth'.

Now I agree on living your life to the fullest, hang around on every Saturday night and everything but how often do you think about earning for that Saturday night let alone multiplying. This is the main difference between The Rich and The Poor. The rich don't care about dancing around in a bar being drunk on a Saturday night. The rich focuses on the important part and that is creating wealth and improving health.

The thing is we usually think being good with money have something to do with being so smart about it, no that's not write. I mean if IQ played an important role, Warren Buffet wouldn't have been one of the best investor in the history. It's about behaving well with money and taking right decisions at the right time.

Now when I talk about behaving it covers a lot of things. First off, why don't we talk about money that much? By talking I don't mean asking everyone's salary, I mean talking about creating wealth. We have built various stereotypes among ourselves about money and the first one is we think earning money is hard, it sure is not. The rich think earning money is like a game and it is.

The rich set their expectations high, like unreasonably high. I mean at the age of 20 they think of becoming a billionaire, that is unreasonable according to US. But that's not the case. If you keep a goal of becoming a billionaire do you think it's hard? It's not, you just have to make some sacrifices and make right decisions at the right time. They fulfil their expectations if not 100% then by 80-90% but they surely do.

Next thing is seeing and behaving with money as a friend. Why do we think money is not our friend? We always talk things like money is not important and it can't buy you happiness and we think he's the right guy. But if thinking of money as a friend and behaving accordingly makes me the wrong guy than i want to be that wrong guy. Personify money as if he's your friend. How about talking about money in our family meetings? or friends get together? (I surely don't mean talking about dividing your fathers wealth for you and your siblings)

Another point is thinking that getting rich is not natural. I mean being rich and travelling the world and experiencing great pleasures is our birth right and that comes with being rich. We in our society have the stereotype that not everyone can be rich. I strongly disagree because I can give you examples of people being rich who once were nothing, people who were from middle class and then became rich and people who inherited wealth from their father and yet multiplied. So there's nothing like not everyone cannot become rich, anyone can be rich. The only thing is we don't think of becoming rich because we think of satisfying our short term pleasures rather than long term.

One thing I want to point our is deciding when it's enough. Because the world has unlimited to offer, you gotta decide when it's enough for you or your whole like would go out chasing money. Planning and sticking to it is very important. Why this is important is because there is always a bigger fish, you don't have to compare with them you just have to decide what's good for you.

I guess this might be enough for the blog, to summarize, always think of money as your friend. It's not bad talking and discussing about money around your friends and family, start that if you're not doing it. Don't be pessimistic about money, you'll get what you desire if you have the capacity of letting go some short term satisfactions. Some people will get the message which i am trying to explain from the quote written below -

'Don't be cheap, be reasonable'

Thank you for your time

yash.