May 26, 2022
Enjoy The Process If You Want To Make Money
Money is the outcome.
How to make money?
Get a job. Work hard. Save.
That’s the typical advice we get. But will that be enough? Maybe you could also add “Invest” to the list.
Working hard at a job and saving will indeed make you money. But you will never make enough to achieve financial freedom. You will always rely on your next paycheck to have a “secure” future.
Your psychology about money also impacts how much wealth you accumulate. An abundance mindset can make you rich.
But this post is not about the psychology of money. It is about understanding how your emotion and attitude toward what you do impact how much money you make.
The rich don’t work for money.
If you have read Rich Dad Poor Dad — one of the most popular personal finance books — its first chapter is “The Rich Don’t Work for Money.”
Robert Kiyosaki explains that the wealthy focus on working and learning how to use their money to make more money. On the other hand, the poor and the middle-class work for money. They have regular jobs that only provide short-term solutions to long-term problems.
Kiyosaki is correct. But, in addition to what he says, the rich also enjoy what they do. Even if it’s working for others or learning about a new topic, they love the process. They enjoy what they do because that will help them in the long run, and they are aware of it.
Take any rich person. You will see that they are passionate about what they do every day.
For example, Warren Buffett loves studying companies. So he knows how they work, which allows him to pick the best ones that will provide handsome returns in the future. He enjoys doing it every day.
Similarly, Elon Musk loves engineering and design. So he builds rockets, cars, and flame throwers. He’s constantly working on innovation and new ideas for the future. That’s what he loves doing every day.
Rich people don’t make money by working hard at a job. Instead, they enjoy the process of whatever they do.
Their end goal is not to make money but to find joy in everyday activities. Money is the outcome of doing just that.
Money is the outcome.
A person who works a 9–5 job trades time for money. He makes a fixed amount of money every week/month by providing a service to a company. On the days he cannot work, he does not get paid. In this case, money is the outcome of time.
In business and entrepreneurship, money results from effort (not just time). Your income increases with the amount of effort you put in. The rich invest their time in growing their effort by learning and doing. As a result, they make more money.
People often talk about passive income and say that they don’t have to work to make this income. But that’s not true. Earning passive income takes more time and effort. Yes, you make a consistent income once the work is done. But you still have to give time and effort.
Some sources of passive income are:
- Selling digital products online
- Affiliate marketing
- Rent
- Dividend income
- Blogging or Youtube
Selling digital products online requires creating one, which takes hard work.
For affiliate marketing, you must have an audience or good SEO knowledge. So, you need to learn the skills.
Rental income comes from having something to rent. You need money to purchase the thing you want to rent.
Dividend income comes from investing in dividend-paying securities. You must learn about investing and picking good stocks.
Lastly, making passive income from blogging or Youtubing requires you to build an audience first. For that, you need views, subscribers, engagements, and sponsors.
In short, money is the outcome of your effort and time. It doesn’t matter if it's active or passive income; you have to work. You must have persistence and determination.
Failure
Success comes after failing. You’ve heard that before.
That’s true for financial success too.
You apply for jobs, get rejected, keep applying for more jobs, and eventually get accepted into one.
Similarly, you fail in business due to various circumstances. Take the SpaceX starship failure, for example. Despite failing several times, Elon and his team never gave up. At last, they succeeded.
Failure should be a learning experience. There’s no doubt about that. But you must also understand that failure is a part of the process, and you should enjoy it.
By “enjoy it,” I do not mean it literally. It means that you should have a positive mindset even after a failure. It allows you to keep going.
People who quit their dreams because of consistent failure will never achieve them.
What about happiness?
Happiness is the outcome of feeling good. For example, when you go on a trip with your family, you feel good. You become happy.
Similarly, you feel good when you get selected for your dream job. You are excited and happy.
When you enjoy whatever you do, you feel good about it. The outcome is happiness. And when you do the thing consistently, you find ways to make money from it. So, in a way, happiness makes money.
All our lives, we have heard that money does not buy happiness. But, in a way, happiness can make you money.
Your mindset and emotions also impact your happiness. They enhance the manifestation of your desires. When you feel good, you vibrate at a higher frequency. You are likely to get the things you want in life.
If you want to make more money, start focusing on your feelings about what you do.
Who is likely to make more money: a person who is always stressed and negative at work or the one who is happy, cheerful, and loves what they do?
Enjoy the process
Clarify your goals. Write them down on a piece of paper.
It is essential to know what you want. I do not mean your 5-year goals or your life in 10 years. No.
What do you want to do every day in life that makes you happy and fulfilled? Pick something you would do even if you weren’t paid for it.
For me, it’s writing online. I’d write every day even if no one paid me for it. I wrote for free for more than a year. Now, people want to hire me, work with me, and be like me.
Once you have figured it out, keep the money aside for a moment and focus on doing what’s in front of you. Don’t do it for the sake of doing it. Instead, do it because you love doing it and you want to do it.
Remain persistent.
Avoid criticism, small failures, and negative beliefs. Keep doing it with passion and dignity. Most importantly, enjoy the process.
Eventually, the money will come. Success will be inevitable.
Thanks for reading.
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