What does it mean to have a money mind set?
“I’m not doing this for you. I’m doing it for myself. I’ve mastered one part of the equation: making money through entrepreneurship. But the other part – enjoying a multimillionaire’s lifestyle on a limited budget – has so far eluded me.”
- Mark Morgan Ford, Creator, Early To Rise
The above question is one of self –introspection. And each person should explore and find for him/her the answer to the above question. But such question sets our mind clock ticking. We need the answer to such question, after all our brain is for meaning making. To have money making mind set is to have a certain mentality about money or financial intelligence. It means to have a money consciousness. It is what separated the rich and the poor in the society. We are rich in who we’ve become in the way we think. Money is an effect, so is health, wisdom and all of life great accomplishments.
It is allowing oneself to enter the money making game. We are all in it so long as we are in this material world. It is a choice you need to make; to win or lose in the game. In an article written by Michael Di Lauro, mentioned that the game of money is played at two levels – finite and infinite levels. This ideas of the game of money was inspired by the idea in the book Finite and Infinite, Games by James P. Carse. The idea of the game of money is summarized in this quote:
“A finite game is in play when we view money as the most important outcome of our efforts. To view money as a trivial by product derived from the gratification we, and others, get from our efforts is to play the infinite game.”
We all have the potential to be rich but having the potential is not the same as putting the potential into action. Knowing and doing something are quite different things. You show that you know by what you do. Hence it is important to explore this section on how to develop a money making mind set.
I will liken the money making mind set as a growing mind set on investing in our financial education so as to increase our financial intelligence and improve our ability to meaningfully contribute with our God given talent(s).
According to T. Harve Eker in his book the, The Millionaire Mind set, described the money mind set as “money blueprint.” Blue print is a pattern or design for a thing e.g. a house, a plane, etc. From the same token your money blueprint is simply your present program or way of being, in relation top to money. It is a combination of your thoughts, feelings and actions in the area of money. You have to realise that money is a result, wealth is a result, health is a result, and illness is a result. We live in world of cause and effect. The question is this; “Is your money blueprint set for success?”
If your financial blueprint is not set for success towards the accomplishment of your financial goal, nothing you learn nothing you know and nothing you do will make much of a difference.
“Every well-built house started with a definite plan in the form of a blueprint.”
- Napoleon Hill, Author Think and Grow Rich
… Before we can accumulate riches in great abundance, we must magnetize (focus) our mind with intense DESIRE for riches, that we must become “money conscious”, until the DESIRE for money drives us to create a definite plan to acquire it
From the forgoing, every person who reaches the age of understanding of the purpose of money will normally wish for it. Wishing will never bring riches. But desiring for riches with a state of mind that becomes an obsession (a burning desire is the starting point from which dreamers must take). Then PLANNING the definite ways and means to acquire riches, and backing these PLANS with persistence which doesn’t recognise failure will bring riches.
There a missing ingredient in this formula of developing a money mind set for riches.
And that is DECISION.
You have this power always within you and you have the freedom and choice to exercise this power anytime.
In his book, “How to get what you want”, Wallace D Wattles had this to say: “most people are at a standstill or find things coming their way very slowly because they are making only partial use of present means, power and opportunities.” His antidote to the above malaise is apt and is in line with what Napoleon Hill had suggested:
“Fill your mentality conscious and unconscious, with the faith that you CAN get what you want, the next question is one of methods.”
But remember, as Napoleon Hill had suggested, “If you do not see great riches in your imagination, you will never see it in your bank balance.”
Money Is an Idea
Listen to what Steve Sjuggerud, writer from the Timeless wealth Ideas said about money making idea:
Don't ever catch yourself saying, "It takes money to make money."
It doesn't... It takes a great idea and the willingness to make it happen.”
Hence, “Money is an Idea and the ability to organise the idea into a plan so as to make it happen.”
If you want more money, then you have to create more values and use more leverage. You can literally solve more problems and if you can find a way to solve the problem to more people with a very short time you’ll be richly rewarded.
This article is an except from my book Money and Wealth Growing Edge. If you've enjoyed it you can learn more form the book by clicking this link