The Psychology of Money

Money in the Bank

Our everyday interactions are intertwined with the psychology of money. From the day we discover money as children, we immediately appreciate the power that lies at our fingertips. Whether it’s that yummy cheeseburger at McDonald’s or those candy bars at the local convenience store, we realize that money can bring us immediate happiness; the food or candy provides us with a sugar high and a dopamine rush. Our brain then associates the currency with the awesome feeling, and so we seek to ask our parents for more of it, work for an allowance or get a job as a teenager.

Something changes in adults however; some become very motivated and learn to make handsome amounts of money, while others are lazy and unmotivated and settle for much less than their potential would have afforded them. Why does this happen if most of us appreciated money from a young age? It doesn’t matter where you grew up; even those in urban and poor neighborhoods appreciate the value of a dollar when they see their favorite athletes on television or even drug dealers on their block rolling on 24 inch rims.

Psychology of Money: Accumulation

Is there a psychology behind accruing larges amounts of money? I believe that there certainly is and that it has a lot to do with drive, belief, vision, motivation and dreams; don’t forget luck. Keep in mind that most of those factors have to be present for one to be successful at obtaining large amounts of money. You can’t just have dreams but not work towards them. You can’t just work hard but not have dreams; otherwise, you’re adopting the role of a robot and you will eventually burn out.

Belief is a very important factor behind the psychology of money; definitely a top 3 factor. Belief is the gasoline in the engine; it keeps your ride moving forward. The engine is your drive, the motivation is the rider and the dream is your destination; don’t forget luck because that’s responsible for a smooth ride. Now do you see how all of these factors are connected?

What is your experience with making large amounts of money?

Are you Ready? (This is Defeating Stigma Mindfully)