9 Money Myths
For the longest time, people believed that the earth was flat and that if you traveled all the way to the end, you would fall off. People were trapped; they were stuck in a world that reached out only as far as they could see – a world much, much smaller than the actual size of earth.
They were stuck not because that was all that they had available to them, but because that’s all they ‘believed’ they had.
They firmly held on to this belief until one day someone proved them wrong by sailing around the world. And in doing so, he opened up a whole new world of possibilities and opportunities
for everyone. The rest of earth became available to them.
Beliefs are funny things because beliefs are not necessarily based on what’s true or factual in the world. The power of each belief comes only from the believer ( you and me) of that belief; the strength of your belief depends on how strongly you believe it to be true.
That means that you can believe whatever you want to believe. Because as long as you believe it to be true, it will be true in your life.
You will constantly attract events, experiences and people into your life that will match your beliefs, which will in turn strengthen those beliefs further.
The level of success you will achieve in life is based almost entirely on what you believe to be true! So it is vital for you to adopt only the beliefs that serve you and to let go of those beliefs that limit you. Agreed? Are you with me on this?
We don’t always see what is ‘real.’ We view the world based on our beliefs.
As we go through life, we begin to realize that a lot of what we learned growing up was not very useful, or even true. We begin to realize that life is really about ‘choices.’
That we can choose to believe whatever we want. And if a certain belief is not very useful, we can change it.
You have done it before. It takes courage to be willing to look at your current beliefs and then decide whether they serve you or sabotage you, whether to keep them or get rid of them.
But you have that choice. You have the power to change your beliefs, and to change what is ‘real’ to you.
Don’t let these 9 common money & success myths hold you back from achieving wealth and success in your life…
Myth #1: I don’t have what it takes to be successful and wealthy.
Fact: Successful people were not born that way. In fact, many of the most successful people today have had very difficult lives.
They were regular people who wished for more. And they decided to do something about it – to change their circumstances. Anyone can do the same, including you and I.
Myth #2: I don’t have any experience or education in anything.
Fact: Many successful people started with no experience. Many of them also flunked high school and never had any college education.
The only way to get real education and experience in anything is by doing, by ‘starting.’
Once you start doing it, you learn very quickly. Many people don’t begin because they don’t want to
make mistakes. Wrong! That is the only way you learn.
We are all eternally grateful to Thomas Alva Edison who invented the light bulb.
However, when asked how many times he had failed he answered that he now knew 2900 different ways NOT to make a light bulb. Do you see how he phrased back that answer? Not as a failure but as one who learned what not to do the next time and pressed on to ultimate success.
Think of all the things that you know how to do. Driving a car, riding a bike, playing sports, reading, writing, speaking…even walking. All of these things have one thing in common: at one time in your life, you didn’t know how to do any of them.
And despite how impossible it seemed at the time, you decided to do it anyway. It’s the same with everything in life. You learn by doing.
You get experience by doing something a few times. Get started. Do it once, twice, three times and you’re already on your way to becoming an expert in no time!
Myth #3: Money isn’t that important.
Fact: Tell that to the family who’s starving right now, or to the family who needs money for serious medical help for a member of their family. They’ll tell you how important money is.
We’ve been conditioned from Day 1 to believe that money is not important. We have been conditioned to believe that wanting money is wrong and unethical. And yet the entire world seems to run on money.
It is one of the biggest myths known to man. And it’s one of the main reasons why the majority of the people are not wealthy.
Money is simply a way to measure the amount of value you create for others. If you have a lot of money, it means you have created a lot of value for other people. If you don’t have the kind of money you’d like to have, that simply means that you just haven’t yet found a way to produce the kind of value for others that you’re capable of, or the value that you’d like to.
Just look around at the countries or even cities that have lack of money. You’ll find that in these same places, there are usually more crimes being committed, more people taking advantage of others, more diseases, more suffering, more deaths, and none or very little education.
Money may not be the most important thing in life, but let’s face facts here… Money is pretty darned important in this day and age. It’s how you support yourself! It’s how you buy food, water, shelter, clothing. It’s how you pay the bills. It’s how you help and support others around you, including your loved ones. And we know that those are very important things.
And by the way, if you feel that it’s more important to contribute to others than to be rich, well guess what, when you have more money, you can contribute more! You can do much more for others and you can help a lot more people when you have more money.
Only good things can come from having more money!
Myth #4: Money must be made slowly.
Fact: Nothing could be further from the truth. The only way to make money is to make it quickly! What good is money if you can’t enjoy it right now instead of 20 years from now? What good is money if you can’t contribute to others now as much as you’d like to, instead of 20 years from now?
The quicker you make money, the quicker you can change your life and the lives of those around you – for the better. There are no rules stating that money should be made slowly.
The only way to make money is to make it quickly! You will also find that the more money you make, the easier it becomes to make more because you begin to shift your focus from survival to
abundance and contribution, in the process. And that shift in focus simply attracts more wealth to you.
Myth #5: If you weren’t born into money, you’ll never be rich.
Fact: Millionaires are made every day. Many of them are self-made millionaires – people who started with nothing or close to nothing and amassed fortunes. Simply because they
decided to and they didn’t let anyone dissuade them from their goals.
If you believe that you have to be born into money to be rich, you’re missing out on all the riches out there, waiting for you to claim.
Myth #6: If I win, someone else has to lose.
Fact: This is absolute, high-grade, premium quality nonsense. There is enough opportunity and enough money in this world to go around so that everyone can be a winner. In fact, there is more than enough to go around.
The only reason they’re not winners is because they don’t believe they can ethically and morally do so. (Remember ‘the earth is flat’ story?) As soon as we get rid of that belief and take a step into the unknown, we begin to realize how much wealthier you can be. You also realize how your being a winner
can only help others win as well!
You can become rich by using ethical and legal means – without having to cheat or hurt others. In fact, that’s the only way I recommend that people do it.
The easiest way to become rich is to create value in other people’s lives. There are no losers in that scenario. In fact, that is THE rule I live and work with in my life and in my financial planning practice.
Myth #7: Making a profit is a sin.
Fact: If you cheat or hurt others to make a profit, then yes, in that case, making a profit would be bad. But if you create value for others, then making a profit is always good. By creating more value for others, you’re helping them live better lives. There is nothing sinful in helping others, doing a great job at it, and getting paid for it.
Money doesn’t turn good people into bad people. Money simply magnifies the qualities that are already inherent within a person. If you’re a good person, having more money will only allow you to do more good! If you’re a bad person, having more money will allow you to do more bad.
And most of us really are good people. And we have a lot to offer others. And you can only do more good by having more money.
Myth #8: Having more money will mean that I’ll have to work hard all day and not have time for my family, friends and leisure.
Fact: There’s a huge difference between working hard and working smart.
Successful people have learned to work smart! They have learned to find other successful people they can model after so they don’t make the same mistakes other people did. And by doing so, you can save a lot of time, money, effort as well as some major headaches.
Doing your job well or getting a business started and running does require work. There’s no way around that. But, you can still take time out for your loved ones and for your leisure. In fact, it’s highly recommended that you do that. If you’re spending all your time trying to keep your job or your business afloat, you’re either not going about things the right way or you’re just in the wrong business.
Myth #9: If I have more money, people will judge me, and they will not like me very much.
Fact: People will judge you anyway. They are judging you right now! It’s what they do, unfortunately. Most people don’t know who you are anyway! They don’t know the ‘real’ you. They only know who they think you are, based on what little information they have about you. So, let them think or feel what they want. They don’t know any better. And you really shouldn’t be concerned about those people.
Remember, respect and friendship are earned. If they can’t appreciate who you are, then they don’t deserve your time, or your thoughts.
Many of these myths that have been floating around for hundreds of years and were typically conjured up by people who didn’t know any better. Many of them got programmed into us when we
were very young.
But, we’re adults now. We can think for ourselves. We can choose to adopt only those beliefs that benefit you and drop the ones that are no longer useful or empowering.
It’s all up to you.
Beliefs are very powerful indeed. They, for the most part, are what dictate the quality of your life. Change your beliefs and you change your life.
Free your mind, and success will follow!
“WHEN YOU CHANGE YOUR THINKING,
you change your beliefs;
When you change your beliefs,
you change your expectations;
When your change your expectations,
you change your attitude;
When you change your attitude,
you change your behaviour;
When you change your behaviour,
you change your performance;
When you change your performance,
YOU CHANGE YOUR LIFE.”
About The Author
Mark Huber is a is a full time certified financial planner (CFP).
Mark has distilled 22 years of insights and experience in the financial services industry into “The UnCanadian Way” series of eBooks, audios and videos.
For the latest: “How To Get Rid Of Your Mortgage – The UnCanadian Way”
2008 Mark Huber
This article may be freely distributed if this resource box stays attached.
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