Change Your Money Mindset – Part of Chapter III of the upcoming book Find Your Passion

Change Your Money Mindset – Part of Chapter III of the upcoming book “Find Your Passion”

As you learned at the beginning of the book, one of the six key components of your passion is your vision, your ideal life situation, personally, professionally, socially, and financially. Because your passion gives you the opportunity to reach your true financial potential. On the other hand, for you to leverage this opportunity, it’s important to also be clear on your vision and the income you’ll need to make it possible. Here’s the problem. Many people think too small and cannot gain clarity on their vision, regardless of the quality of the strategies. Any guesses? That’s right. Limiting beliefs around money! So, for you to capitalize on your passion and be able to afford the life you want to live, you need to be aware of a few money limiting beliefs that can stop you from a successful career transition. 

1. “Money is the root of all evil”: No, it’s not!! Look around you! Money is a great tool to provide you with food, accommodation, education, healthcare, capital to start and grow a business, funds to support a cause and make a great contribution to the society you live in, and entertainment, whether it’s traveling the world, watching your favorite team on VIP or your hobbies! The last ones can cost a lot by the way. Moreover, money gives you more freedom and options in your life!

For example, traveling the world in luxury is not the same as staying at hostels. If you like the latter ones, great. If not, money can be an issue. Generally, money makes a huge difference in the things where it can make a difference. Money cannot buy you love and acceptance. These come from your inner world, so you need to work on yourself. Therefore, money is a great tool to turn your vision into reality; even more, money is necessary for you to turn your passion into your dream career. 

2. “Money makes you greedy/ a bad person”: Baloney! Money does not make you a bad person. Money amplifies who you really are. If you are greedy with little money, you’ll be much greedier with a lot of money. If you are generous with little money, you’ll be much more generous with a lot of money. That’s the truth. In general, this collective limiting belief around money comes from people who are broke, or they just get by; and definitely not from people who make a fortune at their passion. 

3. “Money doesn’t bring you happiness”: We’ve already talked about that. Money itself is just paper, but it’s a great tool to afford the resources you need to have a successful career transition, as well as the life you truly desire. Think about it. One pursues more money to be able to afford and do all the things they love, as well as have more time and freedom; freedom to afford any new experience they’re interested in; freedom to do work you’re passionate about whenever you want. Nobody’s goal is to make a lot of money, put them in a special “exhibition room”, and just stare at it!! 

4. “Money doesn’t grow on trees”: It does! It’s paper! Paper comes from trees! Plus, once you change your limiting beliefs, you’ll be able to see money opportunities everywhere. 

5. “The more I earn, the more someone else loses”: This is called “scarcity”. The belief that money as a resource is limited. Ever been told that money and resources are for just very few people? The so-called “lucky/rich/privileged” ones? Those who inherited their fortune? If that were true, there wouldn’t be a single self-made millionaire in the world. In fact, there are 46.8 million millionaires worldwide! Only a few of them inherited their fortune. Plus, 67.4% of the ultra-high-net-worth individuals (those with a net worth of at least 30 million dollars) in 2017 were self-made, 21.7% were a combination of self-made and inherited, and only 10.9% inherited their wealth! Here’s the last one: Nine out of the ten world’s wealthiest individuals are self-made billionaires and entrepreneurs. So, the majority of the wealthiest people in the world started from scratch. 

Yes, it’s also true that “the rich get richer and the poor poorer”, but it’s also true that the global wealth of our world is the largest in our existence. According to the recent global wealth report, published by Credit Suisse’s Research Institute in October 2020, total household wealth rose from 117.9 trillion dollars in 2000 to 399.2 trillion at the end of 2019, averaging 6.6% growth per annum. Take your time to digest that. Almost 400 trillion dollars. Because of the pandemic, the growth will be slower for the moment, but it’ll keep on rising in the long term. 

 “Ok, Jim. But if I earn more money, someone else needs to spend, hence they’ll lose, right?”, you might ask. Wrong!! They will receive value from you. They will receive your knowledge, skills, experience, and expertise that cover at least one of their needs, the human fundamental needs! That’s why people pay you. Not for your time, but for the value you bring to them. That is, you solve a problem for them or fulfill a desire they have. So, in reality, you help people to save more time, money, and energy, as well as you give them an emotional reward, which cannot be measure by money, such as empathy, self-confidence, or knowledge to build life skills. 

In my case, it’s passion, fulfillment, and impact at work. All the money in the world is not enough to measure the value I bring to only one person. That’s how valuable are emotional rewards; and as far as I’m concerned, I don’t know any report that says “You can add value to people up to x amount of money” or “You can solve as many problems as you want and serve as many people as you can, but, whatever you do, you cannot earn more than x.” Do you? That’s right. You’ll never find one. Because the more value you bring to others, the more you can earn. Likewise, the more people you serve, the more you earn.

“But, Jim. This wealth is in assets, and the assets are limited. For example, there’s limited gold or land in the world, right?”. Yes, assets are limited. But, and this is a big but, the actual money supply is infinite. You can just print out paper. Why is it infinite? Because the actual money supply is not tied anymore to any real assets (e.g. gold). So, there’s no limit in terms of the fortune you can create, and adding value to others through your passion is a great way to do that.

Last but not least, when you get paid for the value you bring to someone, not only do they not lose and win both tangible (more money) and intangible (knowledge, skills) rewards, but you also bring more money in the market. Why? Because when you earn more, you also spend more. And the money you spend is someone else’s income. Now they earn more because you spend more. So, what happens? Yes, they spend more as well! And it goes on and on!

So, global wealth pie is expanding. In other words, the world is abundant! You just had ashes in your eyes by other people’s limiting beliefs. That means one more thing. There’s never been a better time in human history for you to discover and make a fortune at your passion!

 “There’s never been a better time in human history for you to discover and make a fortune at your passion!”

The current pandemic has and will have a big impact on the world’s economic growth. On the other hand, remember that it is temporary. In fact, the economic crisis is not even a reality for the industries and companies whose products and services are needed, such as online shopping and research. Yes, Amazon and Google are growing even faster! The crisis for them is a unique opportunity to add even more value to others, then be rewarded and spend accordingly – aka expand the global wealth pie! 

Conclusion: The rich get richer because they add more and more value to people. They solve more and more problems for them. And the majority of them built their wealth by adding value to others through their passion. It’s time for you to do the same.

Feel free to pre-order (50% off) the “Find Your Passion” book to transform your career and life by visiting my personal site here