Investing Lesson #2: What World Do You See?
“Don’t worry about money. If we do the right things, we’ll always have a lot of money.”
“Don’t think that because you don’t have money, you can’t buy what you want.”
There are only two money problems. One is not having enough money. The other is having too much money. Which money problem do you want to have?
If you think you’ll never have enough money, that’s exactly what your life will be like.
Many people who suddenly become incredibly rich – say, inherit a fortune or win the lottery – often become poor again. This is because, psychologically, they only knew a world without enough money. And when they spend all that money that fell from the sky, they return to their previous world: a world without enough money.
What you see in your mind about money is what you see in real life. You cannot change your real life if you do not first change your inner world about money.
The reason for the scarcity perspective is due to different attitudes of people:
The more you need security, the more scarcity there is in your life.
The more competitive you are, the more scarcity there is in your life. That is why people compete with each other in jobs, promotions, and grades at school.
To achieve abundance in life, a person needs to be more skilled, creative, and cooperative. People who are creative, have business skills, financial skills, and are cooperative often achieve a life of financial abundance.
When a person says “I can’t afford it,” he only sees one side of the coin. When you start asking, “How can I afford it?” that’s when you start seeing the other side of the coin, the problem is, even when people see the other side of the coin, they only see it with their naked eyes. That’s why poor people only see what rich people do on the surface, not what’s going on in their heads. If you want to really see the other side of the coin, you need to see what’s going on in a rich person’s head.
In short, there are only two money problems. One is not having enough money, and the other is having too much money. Which one will you choose?
Investing lesson number two is to learn to see both worlds of money: one with not enough money and one with too much money
The more a person seeks security, the more scarcity he or she will encounter in life. Security and scarcity go hand in hand. One of the reasons the 90/10 rule holds true is because most people spend their lives looking for security, when they should be looking for financial skills. The more a person looks for security, the less opportunity they see around them. They only see one side of the coin, and never the other. As the great baseball player Yogi Bera once said, “If you hit seven out of 10, you’re a great player.” In other words, if you hit the ball 1,000 times in your professional career, and if you hit it 700 times, you’re a great player. Yet most people are so focused on safety and stability that even if they are hit once in their life, they will try to avoid it.
(Reference to Robert Kiyosaki’s sharing)
