Personal Finance | Money
10 powerful Concepts About Money That Will Change Your Mindset
Is Money give you the power to pursue your dreams?
Money is a value that enables things to be exchanged in an economic market.
But, what if I told you that most of us are thinking about money incorrectly?
The majority of people have no background about what money is or how to use it correctly to live a life of freedom. They utilize it to pay bills, purchase food, and obtain items they only use for a short period before becoming invalid. By the conclusion of this post, your view on money will have shifted considerably.
Enjoy reading!
Concept # 10: Money Is A Fungible
For those who are inexperienced with cryptocurrency, this assumes that money may be replaced with equivalent money of the same value, A $100 bill has the same value as any other $100 bill, this is what is known as fungibility.
Take the Mona Lisa for example.
The original Mona Lisa is more valuable than any other Mona Lisa in existence, the original is worth everything.
Many things are exchangeable and most of them are valuable, but if you become wealthy, you will enter a completely new world known as “The Non-fungible Token World”.
If you want to be very powerful in life, you must become non-fungible and have value.
Concept # 9: Broken Is Temporary, Poor Is Forever
There is a big difference between being broken and being poor.
Broken means you have no money, whereas being poor means you have no way out of your no-money condition.
The poor people see the world in black-and-white.
They tell their children they are poor and will remain poor because of “the government,” “the system,” and the world, They assume that their situation is permanent &All they want is to be rich.
The only people who can accumulate wealth are those who understand that they are now broke, but that there are ways to change that.
They do not feel being broken is permanent, they believe tomorrow is better than today and are prepared to improve themselves & fight for it.
As you see, the broke seek to better themselves, they are willing to work for it and look at the process from a gradual perspective.
Repeat this as many times till you are sure that, you are broken not poor, only then you begin to progress.
Concept # 8: You’re Not Borrowing Money, You’re Buying It At A Higher Price
Borrowing means you will return the thing to me after using it, I lend you a book, you read the story then you return it, It’s the same book, you just used for a time.
It’s not like that with money.
You are paying me to use the book before returning it to me, and if you do not return it, I will keep the book and force you to sell your property to make up the difference.
Every time you borrow money, you are robbing your future self of time and work.
stop screwing yourself with debt.
Concept # 7: First You LEARN, Then You Remove The “L”
You are paid in proportion to the value you offer to the market.
The point is, education can always help you boost your value production.
By watching the masters, you may learn to establish systems, communicate, and build teams, as well as specialized skills.
The majority of people struggle because they have no concept of “how to learn”.
When we mention education, their minds instantly go to school, learning how to learn is the highest skill that one may have.
When continuous learning became a part of our daily lives, anything is achievable.
Do you want to stop being poor? Never Stop learning!
Concept # 6: You’re Spending Your Time Not Your Money
We hate spending money because we realize how important this lesson is.
they say time is money but, it’s the other way around, money is time!
What will it cost you to gain money? What are you giving up in exchange? Yes, it is your know-how, talent, and abilities that you are selling, but at the end of the day, it is your time that you are selling, and what you know to do in that time is simply a multiplier applied to the value of your time.
Let’s imagine you earn $100 per hour, if it sounds like a lot to you, you should reevaluate your priorities because that’s hardly more than 200,000 dollars each year. If you work 40-hour weeks constantly, when you go to buy a 40,000-dollar car, you’re not buying with money, but with 400 hours of your life.
The groceries you just bought cost you 2 hours of work plus the 40 minutes you spent perusing the carrot, which you were unable to monetize.
If you want to take control over your financial life, you must begin thinking about the term time, not money!
You should ask yourself: How many hours do I need to work to afford this?
That is where you will discover the genuine worth of your spending!
Concept # 5: Money Is Never Yours, It’s Just Your Turn To Hold It
The whole global economy is based on spending and passing money from one person to another.
Do you need money?
All you have to do is participate in the exchange marketplace, It’s that simple!
It’s just a matter of time before you give it to someone else in return for something more valuable than money.
Study your surroundings and train yourself to recognize the flow of money. Ask yourself, “Who has my money?” Who’s prepared to throw money away? What exactly are they looking for?
Your entire financial life improves when you discover that money is continually flowing.
Concept # 4: Money Is A Tool To Move Value
Most people associate money with emotions, It’s quite personal.
When you discover that money like a car or a vacuum cleaner, has a definite purpose, your world shifts.
At your work, you extract value and then transmit that value to a different location at a different time. The more you think about it, the more you realize how true and straightforward this statement is.
Money like a car will take you everywhere you want to go as long as you’re a skilled enough driver!
Concept # 3: Money Grows On Trees If You Know What Seeds To Plant
Most people do the following:
Go to work, put in the effort, get paid, and then waste it.
What are they thinking?
They do this because they are not aware of the existence of money trees.
Instead of spending money, plant it, and naturally grows into more money. After a while, you won’t need to go to work, you can just eat from the money trees.
This is the most basic explanation for global wealth disparity.
The poor waste their money, while the rich have money trees.
Concept # 2: Use The Money To Buy Yourself Peace
You can’t go to happiness without achieving peace first!
When they say money can’t buy happiness, they miss the fact that money can buy peace.
I’ll explain everything to you simply.
After you’ve purchased your safety, you feel safe and your future is predictable, you worry less since you are not concerned about what you will eat or where you will sleep tomorrow, Money buys this because these are money problems, So as a result, your psychological peace improves.
After you’ve left with the non-money concerns:
- How do I feel about myself, about my relationships
- What do I need to accomplish in life to be fulfilled?
Once you purchase peace for yourself, you will finally arrive at happiness!
Concept # 1: Money Exists Only In Our Minds
Money is not real!
Today, it is only a concept on a screen, but it is limitless and utilized as fuel for the world.
Money at least the kind we’ve known since 1971, has been the greatest delusion in history.
Money like religion lives solely in our thoughts and souls.
Religion is the same way, if you become emotionally engaged in it, it takes control of your life.
When you take a step back and view it for what it is, you may reap all of the benefits with none of the drawbacks, only when you feel money doesn’t matter, and this is also when you become wealthy.
Conclusion
If you’re looking out at issues that are happening in the world today and you’re feeling worried, use that fear as drive, as fuel to make sensible decisions about how you spend your money, time, & effort.
You may have spent your time creating terrible money habits, which I hope you’ve kicked, but as long as you understand some financial concepts, you’ll be on your way to generating wealth.
So, as you practice better money management, you practice better life management, this is how you construct a more meaningful life.
This is a lifelong discipline, not a fast hit or something that will happen quickly.
Money management is a lifelong process.
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