We are what we think all the time. It’s our thinking, which leads to a different life experience. What is the origin of this thinking? It’s mainly our belief system. If we talk about beliefs around money or rich people, positive beliefs lead to a prosperous life and negative beliefs lead to a struggling life.
Fastlane Freedom is working as a belief changer. It’s mainly the deep-rooted beliefs in our subconscious mind, which are controlling various aspects of our life. One of the most important aspects is our financial life. Money is like oxygen in today’s world. Without money, things get tougher. Money cannot buy happiness, but it can definitely buy the things which make you happy.
It’s our beliefs and thinking around these beliefs, which drive our life. If we are having limiting or negative beliefs about money, then our financial life will remain a struggle. This impact is not limited to our own lives, but it also passes to the next generations. There is good news that each one of us can reset self-limiting beliefs about money and change our financial life.
Poor and middle-class people have a negative or limiting thought process about money compare to rich people. This thinking comparison has been shared by Steve Siebold in his book titled “How Rich People Think” after more than 20 years of research. This ultimate book helped me a lot to change my own thinking about money and navigating my life in the right direction.
Play It Safe or Take Calculated Risk
Since the masses operate from fear and scarcity-based consciousness, it’s logical they would be extremely conservative with money. Their fear is if they lose money they won’t be able to make it back. The rich get rich by employing money to attract more without additional effort. They factor in the risks involved in this strategy, knowing that while gains can be sudden and staggering, there will also be losses along the way. Every investor loses money on occasion, but the world-class knows no matter what happens, they will always be able to earn more. The more experienced they become, the smarter they get, and the easier it is to replace money lost in high-risk deals.
So with the downside of taking calculated, educated risks understood and accounted for, they thunder forward like a locomotive searching for financial instruments and lucrative deals that have the power to catapult their net worth and broaden their lifestyle. Security is the watchword of the middle class. Leverage is the watchword of the rich. One group stays awake worrying about losing what they have, while the other can’t sleep because they’re dreaming of what’s possible. The wealthy study their investments like a scientist and are always looking for the gaps missed by the masses that make the difference between a good investment and a bad one. While the middle class is slaving away at jobs and careers every day, dreaming of quitting time and fanaticizing about the weekend, the world-class is employing ideas, people, and money to further expand their financial empire.
Own Money or Other’s Money
The majority of the world’s population is operating from a consciousness rooted in linear thinking. An example is in their approach to earning money. Linear thinking tells them if they work more hours they’ll make more money, and that’s true. It’s also the most inefficient way to earn more money and another reason most people don’t have much.
The rich are masters of non-linear thinking, especially as it relates to money. An example is in how they create an idea they are unable to finance and then proceed to use other people’s money to make it happen. The most frequently uttered comment of the middle class in reference to money is “I can’t afford it”. Rich people know not being solvent enough to personally afford something is not relevant. The real question is, “Is this worth buying, investing in, or pursuing?” If so, the wealthy know money is always available because rich people are always looking for great investments and superior performers to make those investments profitable.
The great ones are aware that it’s easier to borrow ten million than ten thousand, a critical non-linear concept to know when raising capital. The middle-class cliché that you have to have money to make money. The truth is you have to have great ideas that solve problems to make money. If you do, you will attract money like a magnet. Money is only an instrument of exchange. Creative ideas are a scarce resource, but most people are so focused on where the money is coming from, that they ignore their ideas, yet the ideas are the only thing that will actually attract the money in the first place! Are you starting to see why a tiny percentage of the population owns the majority of the world’s wealth?
Job Security or Outstanding Performance
The average person growing up is bombarded with the same message: get a good education so you can get a good job. It is not that there aren’t world-class performers who punch a time clock for a paycheck, but for most this is the slowest path to prosperity, promoted as the safest. The truth is, having a job is no safer than owning a business. As counterintuitive as this may seem, people who work for themselves have the power to proactively seek out business and increase revenues at will. If one of their units starts producing revenue, they can simply duplicate this and double the revenue in a short period of time, which is never the case while doing the job.
They can work as many or few hours as they wish and change the direction of the company any time they choose. They are not subject to the whims of management, or the politics of corporate culture. The self-employed are the architects of their own destiny. But while the middle class is attracted to jobs for safety, the world-class knows the only safety any service or product provider has lies in her ability to perform. No matter who signs your paycheck, your financial success will always be based on the level of service you provide and how many people you provide it to.
The great ones know there’s no such thing as safety in a free market economy. Labor unions, human resource departments, and lawsuits initiated by poor-performing employees are becoming less effective in an increasingly competitive, performance-driven marketplace.
This is where world-class performers seize the opportunity to get rich while the middle class makes a mediocre effort and hides behind the perceived protection of the corporate structure. There are people with jobs who get rich, but the percentage is small. The fastest way to wealth is to work for yourself and determine the size of your own paycheck. The greatest form of security is to have millions in the bank. The rich take advantage of this, while the masses wait on the sidelines, terrified to get in the game for fear they will lose the little money they have. Meanwhile, the world-class is earning more in a year than the average person will make in a lifetime, and the heart of the reason is the unwillingness to let go of a security that does not actually exist.
“No one can become rich without enriching others. Anyone who adds to prosperity must prosper in turn.” – Alexander Orndorff