PSYCHOLOGY and MONEY

Mind and money is there a connection? Absolutely. A person’s psychology has a direct bearing on how much money he or she make’s.

In many subjects and courses studied round the world, the introduction is always to mold the student’s mind to see the world through the eyes of the subject. We have psychology of economics, psychology of understating mathematics, psychology of accounting, psychology of marketing, in fact, the list is endless. But the basic of understanding any subject is to establish a psychology, to establish a suitable mind set. After that, the details are explained.

To make money is, such a suitable mind set required? Yes. But sad to say many people who wish to make money go through life with the wrong mind set about money or don’t even have a mind set about making money, at all. That could be compared to person trying to  be an economist but thinking like fisher man or thinking like nothing, although it’s good to have both perspective that is being an economist and a fisher man and to see the world from both worlds, analyzing there relationship. But it doesn’t make much sense to have the wrong mind and yet want to make a lot of money. A mind set is not something that we get over night, especially the mind set about money; it’s one that evolves over decades.

OUR BACKGROUND AND OUR PSYCHOLOGY OF MONEY

A majority of people today can hardly survive. Why? Is it because they where caused to a life of lack? No.  Or is it because people who have more money where made with superior genes? No. the answer lies in the preconceived thought about money that has developed for a very long time.

Imagine three generations of people, great grandfather, grandfather and father who passionately believe that money is evil and, if a person had money the person must be evil. Or our Sunday school teacher who constantly tells us sincerely, “that the root of all evil is the love of money”. Let’s analyze that statement, it comes form the Christian bible 1 Timothy 6:10 (if you have a bible you can look it up) it says LOVE of money and not MONEY is the root of all evil. Not money itself. Don’t view money as evil but rather the love you have for money. Just like a person in love who could climb a mountain, sail the 7 seas, or even catch a grenade for someone (not an advice). The uncontrolled love of money has lead many people to commit horribly crimes against their fellow man. Conversely, people have use money to serve a greater good to their fellow man.

As stated earlier, the psychology of money is influenced by our family. Many people, raised in the lap of poverty, lack and misery, have relatives who keep telling them negative things about money. Like money is hard to make, you will never be rich, the rich are evil. These negative statements has a subtle accumulative effect overtime and, tends to be a self-fulfilling prophecy for them. Because it has being scientifically proven that if you or someone keeps telling you something you start to believe it even if it’s wrong.

To start making money you need the right psychology, the right mind set. The right psychology, the right mind is that money is not evil, people with money are not evil and money is just a means of exchange used for centuries. Also, think about your belief about money, your family and friends believe about money. If it has being negative, the best thing to do is to change it to something positive. It could be as simple as money is easy to make, it was simple as changing hard with easy and believe it and work with it. Because just as many people are told from birth that money is hard to make, many people are told that money is easy to make and both have very different financial life. It could be the only thing that can change your financial status, even if you don’t have any money. It may sound like some simplistic nonsense, prove me wrong experiment for just with it for 6 mounts with it tell yourself that money is easy to make and say it with the same believe that money is hard to make it. If nothing happens you are right and you can go back to your old ways.

Thank you for reading this article.