Sunday, September 28, 2008

Does the thought of having money scare the heck out of you?


Everyone wants to have more money, right? "The reason why I can't move ahead in life is because I need more money!" "If only I were making a little more, things would be going much better for me."

If you find yourself agreeing with these statements, you probably think of yourself as a rich person with a poor man's bank account. If you were to receive a huge promotion, things would change for you drastically, right?
Or would they?

I've heard it said before that in order to truly get on the path to wealth, you must create a wealthy mindset. A wealthy mindset means that you feel comfortable handling and managing increasingly larger sums of money. What I mean by comfortable is that you don't feel the need to sabotage your ability to become wealthy.

For example, let's say that you were to receive a bonus check or a large tax return, how long would it before the money was long gone? Would the money be used to increase your net worth or would you buy "nice things" with the money. As your income increased over the years with promotions and better job opportunities, have you consistently increased your level of spending? What about your bank account...if you find yourself with a decent amount just before payday, do you "reward" yourself with a nice dinner or some fancy digs?

A person who quickly spends any increase or surplus is in essence relaying a subconscious message that money is too much for her to handle or deal with. This person feels much more comfortable managing and operating with smaller amounts of money.

If I were to give you a couple of kittens,for example, and you quickly put an add in the paper giving away free kittens, I could tell by your actions that the kittens were not of value to you. On the other hand, if you kept the kittens, allowed them to breed as adults, sell their kittens, and repeated the cycle, I would know that you saw the value of keeping and maintaining those kittens.

In the same fashion, you must respect the money you receive and view it as a valuable tool. You can not raise your level of abundance without first respecting the money you receive. This means not being scared of having money and using money to generate more abundance for you. Every time you spend in excess until there is little or nothing left, you are sending out a very strong message about how you feel about wealth.

If you are currently earning $35,000 a year, and you'd like to earn more, take on actions that will help you become mentally aligned with more. Set up a 401K, pay down your debt, move your savings account to one earning a higher interest rate. Do something completely different that doesn't perpetuate the same results you are now experiencing.

If the thought of money does not scare the heck out of you, then prove it! Begin taking on wealth building habits one by one. You can start by just reading motivational financial books and move on from there. Keep going in that direction until the thought of wealth creation no longer scares but inspires you to take positive actions.

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