Money is a difficult topic to talk about. Not because money is inherently bad, but because money is an instant mark by which we compare ourselves to others. To the few, money is viewed as a tool to get what they desire. To the masses, money is a scarce resource that must be guarded. Most have a fear of money, consciously or unconsciously.
The Have And The Have Nots
When addressing money, there are major differences between the wealthy and those without wealth. The wealthy sees money as a tool that is to be used. The more money they have access to, the more they can bend the world to their desires.
Consequences Of Having A Fear Of Money
While the wealthy view money as a tool, those without wealth fear money. Yes, they fear money. Many believe in the concept of “more money more problem.” Further, the masses have an unhealthy fear of not having money.
More Money More Problems
Why is there a belief in “more money more problems.” Have you ever heard the statement: “money is the root of all evil.” Now, think about who you have heard this from. Was the statement made by someone with wealth or from someone without wealth or new to wealth? I can guarantee that you have not heard the above statement from a wealthy individual.
Let’s dig in. Note that 1 Timothy 6:10 actually reads, “For the love of money is the root of all kinds of evil.” Even without historical context, it is clear that the bible is not saying that money is the root of all evil. Instead, it is saying that a love of money and not money it self, is the root of all kinds of evil. This one misquoted phrase and other similar phrases have consciously and unconsciously ruined our relationship with money.
With this miss quoted text, many view money as not being good and subconsciously very bad. How can you make and grow your money when you believe that money is the root of all evil?
Change your relationship with money. Money is a tool that can be used, in some cases for good and in other cases for evil. As such, remove the above and similar phrases from your vocabulary and build wealth.
The Fear Of Not Having Money
While a healthy fear of not having money is a good motivator, an unhealthy fear of not having money is a problem. Why is this a problem? The fear of not having money can lead to a scarcity mindset. The belief that money is a limited resource, it is not.
Further, acting out of an unhealthy fear of not having money can lead to not allowing yourself to take risk to grow yourself or your business. An unhealthy fear of not having money can lead to lack of confidence and not standing up for yourself personally and/or professionally.
In this regard, the fear of not having money leads to an employee mindset. A mindset of working for someone else for a secure salary and not rocking the boat. This mindset is a danger to financial independence.
Let’s dig into the above statement with regard to the security of a salary position. A salary position is not a secure income source. With a salary position, you are giving your boss complete control over your financial life. The classical, putting all your eggs in one basket. Further, most employees are at-will employees and as such your company can fire you for any reason. Does that sound secure to you?
Embrace money and use money as a tool. Instead of having one salary position, invest in yourself and secure multiple income streams. Stop fearing not having money and take back control of your financial life from your boss.
Conclusion
Money is a difficult topic to talk about. Not because money is inherently bad, but because money is an instant mark by which we compare ourselves to others. To the few, money is viewed as a tool to get what they desire. To the masses, money is a scarce resource that must be guarded. Most have a conscious or unconscious fear of money. Get over the fear of money, have confidence in yourself and take calculated risk and journey to financial independence.
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