Most of us people would think money as the ultimate problem solver. In most cases, I agree on that. In fact, more money gives us more choices in life.
In fact, that’s the reason why we strive more in life. Employees apply for better jobs or positions for better pay. Some of them ask for pay rise and work their buts through long hours to get more bucks. There are people like me who migrated from other country or states and towns for greener pastures. All of these are positive moves in nature and there’s nothing wrong with it may it be for your personal goal or your family.
But there are dangers we need to be aware off in search for more money. There are people who find themselves struggle more in life while they earn more money. Some of them ended up heavy gamblers, alcoholic, drug addicts, depressed, having more bad debt and family problems. Clearly, money for them is not the answer.The question is, would money solve your money problem? In theory, I would say so. But its not usually is the only answer. Famous financial educators and book authors like Robert Kiosaki and Jamie Mcintyre said that it should start with the MINDSET.
I know a distant relative who won big on the lottery and had a wonderful life. Bought 2 new cars and a house for cash. He also got to share some of his winnings to their relatives and some charity institutions. He’s living a dream. But not knowing what to do with his money, he continue his vice of betting on cock fighting “blood sport between two roosters”. But this time, his bets are far more higher. He won some and most of the time loss. As we all know no gamblers got rich in gambling. It’s the owner of the gambling place who ended up rich.
To cut the story short, after a couple of years, he ended up selling the 2nd car and the house because of the losses and debt incurred in gambling. This time his problem with money is far more serious before he won the lottery. He begun drinking and turn himself to an alcoholic. Thus, acquiring health problems.
So what mindset are you talking about? They are talking about Millionaire Mindset. You have think like those self made millionaires. How did they got rich? Obviously they don’t have money when they started. But because they got a proper mindset with regards to money, the wealth just simply follows.
They know that money is just an Idea not tangible. They understand the difference between good debt and bad debt. They know which one is an asset and which one is a liability. They understand the principles of compound interest. They think wealth is abundance. And all of them understand that in the 21st century, you need to work smart not hard.
These are some of the mindset of the a millionaire that I think all of us with the quest for financial freedom should be conscious of.
Yes money will solve most of your problem. But real solutions starts with the right mindset.