The Psychology of Money

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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

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)

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Used To Working Hard

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If Not You, Then Who?

No one enjoys waking up early on a Saturday to go to work; as a matter of fact, no one enjoys waking up early on any day of the week to go to work. But we do it because someone has to pay the bills and because that’s what our job requires of us. The system is based around the idea of following the rules or getting fired and replaced by someone who is willing to follow the rules.

The only way you can bypass these rules is if you become wealthy or your own employer; this way, you control almost everything about your day. But achieving any of these things is not an easy task and requires hard work in and of itself. So the alternative to giving up and becoming financially miserable and dependent on others is to keep pushing by working hard.

I emphasize in multiple articles that the most important factor at play is your mindset; no one can take that away from you. If you shift it by starting to view hard work as a fun process, it helps to alleviate the fatigue and stress. The reason why you also want to change your mindset in this way is because at the end of the day, you should be enjoying what you’re doing for work.

If you enjoy what you do but not the hard work that’s required of it, then are you truly enjoying it to the max? Your mind seems to be divided, “I like what I do but I hate working hard at it.” This is what I mean by shifting your mindset and starting to view hard work as a fun process. It also helps to slow down in the moment and not rush at tasks; attempting to complete everything at a fast pace “just to get it over with” only makes the process more unenjoyable.

Hard work is what separates the humans who don’t have financial freedom from those who do. But hard work is not everything because there are people who work hard and still are poor! The key is to find something in life that will reward you handsomely for your hard work. If you’re going to be working hard at something you enjoy doing it, you might as well get paid well for it!

Why would you want to work hard at something that does not reward you well financially? The idea is to enjoy life as much as possible, even when that involves working hard.

Are you Ready? (This is Defeating Stigma Mindfully)

The Uncertainty Of Hard Work

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Enjoy The Bones Along The Way

Let me answer the question before you even ask it: it pays off. We have felt it so many times: the uncertainty of whether our hard work is getting us anywhere. The reality is that we often feel like our hard work is for nothing, because we expect immediate results; we are forgetting about the important concept of delaying gratification.

Delaying gratification is a mature way of thinking that can help you remain on the right path in life, if applied consistently. It means: working hard in the present moment while sacrificing pleasure and results, and expecting gratification to occur sometime in the future. When applied consistently, it feels quite amazing when you start to reap the benefits along your path to success.

As soon as you come to acceptance with the fact that hard work comes with uncertainty, sweat and tears, and possibly no results in the near future, you will be at peace to continue grinding and working hard to achieve your dreams! It takes perseverance to achieve success, and 99% of the time, it comes with hard work only.

The beautiful thing about hard work is that it throws you a bone from time to time; these small rewards refuel you to keep you journeying towards the end goal! Do not lose sight of your goals just because you’re swamped with fatigue and misery; these experiences are shaping your character and building you into a stronger and more valuable person.

The DSM Ready Movement is about working hard together to achieve prosperity, peace of mind and most importantly, love!

Are you Ready? (This is Defeating Stigma Mindfully)

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