A person's level of success is commonly defined by his or her net worth. Some of you may completely disagree but we are wired to judge a person's affluence based the externals: what they wear, where they live or what they drive. You may not like it but the truth is that everyone wants and needs money. However, some people neglect this fact by saying things such as “money is the root of all evil”.
In reality, wanting money is actually a noble compulsion. Money is a powerful resource that allows us to live our lives to the fullest. We all live for the body, the mind and the soul and whether you know it or not, we all have a purpose in life. Money is a great resource that helps us to live our life to its fullest expression.
So can anyone obtain money? Think about this.
If you want to become the top 5% performer in any field, you absolutely can, given that you undergo proper training and practice. The same goes for building wealth. If you know the principles of making money and put them into action, you WILL find money. It’s as much of a universal law as the law of gravity. It just works.
Here are four money principles that will help you break your self-limiting beliefs and start forging a life of wealth and abundance. Note: In response to the article's popularity, I have decided to further update and improve this article. Please note that all of the principles shared in this article focuses on your mindset. Having the right mindset is absolutely crucial as your outer world (wealth) is a direct reflection of your inner world (mindset). I hope you enjoy the article.
1. Make Peace With Money. Be Comfortable With Your Desires.
It doesn’t matter what your goals are, the very first step to living the life of your dreams is to accept the fact that it is okay to want money. As mentioned before, money is a tool that allows us to express our life to the fullest. It is a necessity. However, most of us are conditioned into hating money. We see wealthy people as greedy, as if their wealth is depriving others. But nothing could be further from the truth!
You should never feel guilty or scared to want money.
Do not make the mistake of distancing yourself from money.
Embrace the fact that there is nothing wrong in wanting wealth. Your desire to be rich is really the desire to live a fuller life. It’s a noble compulsion and you owe it to yourself. Appreciate your urge to become wealthy and your vision of living a life of abundance. Understanding and embracing this is the very first step and it will change everything. With the right mindset you will start to perceive all the opportunities that were with you all along. You will come to realise that there are (were!) unlimited ways in which you can make large sums of money.
2. Understand The Universal Law Of Abundance.
Money is everywhere - if you can believe it. There is a world of prosperity if you can shift from a mindset of scarcity to one of abundance. It's always been there and you only need to open up to it. I previously shared with my readers (my free eBook) how my dad failed to make their dreams a reality. During his struggles, he lost his confidence, suffered from depression and regretted his decision to relocate to New Zealand. Although it wasn’t spoken aloud, we all knew that my father blamed New Zealand for his failures. The slow economy, small population and the lack of opportunities were easy targets for his blame.
I respect my father for all that he has done. He is the most diligent and hard-working person I know. But a person who lives a life of a victim cannot live a life of abundance…, no matter how hard he works. This is the essence of the second principle of making money. You have to understand that money is everywhere. Don’t blame your circumstances because there is always money to be earned.
Getting rich is not the result of your environment. If it were, everyone who lived in an affluent area would be rich and everyone else would be poor. This simply is not the case. We see rich and poor living side by side in the same environment. There are enough opportunities for you to make money wherever you are. Never live a life of a victim. Look for ways to problem solve and add value to others; money will follow.
RELATED READING: Response-Ability. The Difference Between Mediocrity And Success.
3. You Don't Need Higher Education For Higher Wealth.
Another common trait among "victims" is their blame for the lack of formal eduction. They believe that because they did not get that degree or that doctorate, they can't build wealth. But did you know that only a small percentage of self-made millionaires are highly educated? In fact, most of the self-made billionaires on the Forbes 400 Richest Americans list either did not go to college or dropped out of college.
You don’t need higher education to make money. It’s just an excuse.
Of course, education is important and the education we get in our early years is crucial. But when it comes to making money, schooling couldn’t be more irrelevant. Conventional schooling does not teach us how to make money. What we really need to learn is how money works and how you can make it work for you. This becomes more relevant when you realise that previous knowledge is becoming more and more irrelevant. Skills are being replaced by machines and computers. Artificial Intelligence threatens a ton of jobs once believed to be stable. What we need is problem-solving skills, the ability to lead and to think big, not more diplomas and certificates. Focus on reinventing yourself.
The poor are convinced that acquiring masters and doctorate degrees are the ways to gain wealth. But the rich understand that acquiring and continually seeking specific knowledge is the secret to financial freedom.
Steve Siebold, a self-made millionaire and author of “How Rich People Think,” researched more than 1,200 of the world’s wealthiest people over the past three decades and found that: “Many world-class performers have little formal education, and have amassed their wealth through the acquisition and subsequent sale of specific knowledge.”
4. Take Action
Becoming rich can only be achieved if you combine
1) What you think (having the correct mindset) with
2) What you do.
You are the source, the generator and the reason for everything that happens to you. Now that you’ve embraced your noble compulsion to be rich and stopped blaming your circumstances, the environment and the absence of higher education, it’s now time to act.
Your life’s course is based on the actions that you choose to take or fail to take. We are naturally risk aversive and taking action may be the most challenging part (out of the four principles). But if you've developed a strong mindset, it will be hard NOT to take any action. Because you believe, because you know that all you have to do now is act.
Anyone can dream of becoming wealthy. It's easy to recite self-affirmations and create vision boards.But not everyone implements their goals into actions. Action is the key that will transform your visions into reality.
This is an excerpt from my eBook: "The Three Pillars Of Life - Money, Success and Happiness". If you've enjoyed reading the first chapter of the book, feel free to download the entire book for free by signing up with our newsletter here. Upon confirming your email address, we will send you an automated mail with links that will grant you immediate access.