5 Myths That Screw Up Our Mindset On Getting Rich
Many people also attribute luck as being the cornerstone of getting rich. If you are a strong believer of that philosophy, why are you reading so much financial material anyway. All you need to do is stay home and wait for the lucky call from some stranger to wire you a million dollars.
Unless you have a big inheritance coming your way, you would probably agree that limiting beliefs are the biggest roadblocks halting any advances you might make towards being rich.
Don’t just take my word for it. Go read up the most famous books on wealth building and you would also conclude the same.
So the first steps you have to take in order to set yourself on the way to financial freedom is to debunk the common myths from your own head. Miraculously, a powerful change of mindset could potentially change your life. Here are the self-damaging thoughts I’m talking about.
Myth #1 – You are a more rounded person by not being rich
This is truly ridiculous. You don’t accumulate more wisdom of become more noble by being poor. If anything, you would more possible have more life experiences by have the cash to burn. You travel more, attend more weird events, and get to meet more people.
These life experiences can only help you appreciate humanity more as a citizen of the world.
The best way you can help those living in poverty is to become a shining example of what is attainable if they work hard and put their minds to work. Some of the most celebrated millionaires in the world rose up to their statuses from the slumps. That in my opinion is a far greater motivation for the poor to rise above and conquer the challenges of life.
Anyway, if you have the money, you are in a better position to contribute financially significantly to charitable organizations.
Myth #2 – By being rich, I’m keeping others from using my money more effectively
There is no such thing. Money is not finite. In fact, the world has been printing so much money since 2008 that we now have multiple times the amount of currency floating about in 2015 compared to 2008.
There is an infinite supply of money globally for anyone courageous enough to chase it. On top of that, there is also abundant happiness for people brave enough to accept it.
This means that even if you become a multi-billionaire, you are not in any way, preventing someone else to earn his living. Furthermore, if you are so wealthy, you could actually become the source for others to live a comfortable life as well.
Myth #3 – I’m not superficial or materialistic
To tell you the truth, this is more like a cheap shot that people use when they fail to make it big. And I bet that 9 and a half out of 10 of those who think this would accept a million dollars as a gift in a heartbeat.
There is absolutely nothing wrong by spending some money to reward and pamper yourself. You are enjoying the fruits of your labor. Why else would you go bananas at the office everyday if you don’t intend to reward yourself with some pleasure when the checks come in?
If you separate the society in the rich and the not rich, you will find that from a person-to-person perspective, they are all the same. There are always going to be good guys, pretty women, arrogant pricks, shred jerks, etc. They are not limited to those who are well-to-do.
It is no the size of an individual’s bank account that make a person, it is the beliefs and core values that make them who they are.
An average Joe could very well be more arrogant than a rich kid. And let’s not forget that sometimes we can wrongly perceive confidence as arrogance, or low self-esteem as humility, etc. If you don’t work in court, don’t declare yourself as the judge.
Myth #4 – Becoming rich should not be a goal in life
While I agree that life has a purpose much higher than dollars and cents, I believe that everyone would agree that money is a mean to the ends.
Sure, you can be happy without being loaded with cash. But surely you can be happy faster when you can fly your family for a European round trip for some bonding time.
Let’s not ignore the fact that most family conflicts arise with money as the root cause. If a problem can be solved with money, surely it won’t be a problem anymore if members in the family don’t even feel a pinch with spending it.
For some reason, mass media channels have painted this picture of shallowness when someone is focused on getting rich.
But in actuality, the way our society is structured makes it an undeniable goal to make more money. We go to work early in the morning to clock in, we buy that occasional lottery ticket in the hope of a life-changing win, and we penny pinch with coupons when we make the weekly trip to the supermarket. Money is at the center of most of the decisions we make everyday.
So why does anyone need to feel embarrassed to admit that they have the “$” symbol engraved on their pupils?
Myth #5 – I don’t deserve to be rich
This is the ultimate dealbreaker for someone aspiring to be successful. You must really have a disturbed mind to even entertain the thought of needing to be deserving in order to get rich.
You don’t have to be born with a gifted talent to be rich. You don’t need to have model good looks or the charisma of a president to deserve being rich. And you certainly do not need anyone’s approval to become rich.
You do deserve to be rich as long as you are courageous enough to pursue it. Don’t get me wrong. No one is entitled to success unless they have a sugar daddy liquored up with pampering their children.
But if you work smart while working hard, you are more than deserving of churning in the cash. Sometimes it works out well for people, and sometimes it doesn’t. But as long as you don’t stop trying, you will always be holding a ticket that can get you on the “wealthy express” on day.