Sunday, December 03, 2006

Making Money - Do You Fear It?

Do you have a love hate relationship with money?

How many people fear money? This question might seem a bit confusing because the average person thinks that people fear not having money or worry about running out of money. One would think that just about everyone wants it and can't get enough if it. But seeing how fast people throw it away (spend it foolishly) you would think they absolutely hate it!

The truth is that millions of people fear having money itself. Think about it. Why else would they spend it so fast and so foolishly. They might think they don't deserve money or they may fear the responsibilities that can go along with having large sums of money.

I think that's the real truth of the matter. Being afraid of having the responsibilities that come with money is what people are really afraid of. A profound quote comes to mind, "To whom much is given; much is required".

If people constantly fear money then it will always elude them. Opportunities to make money appear almost daily but if we're afraid of responsibility, change and success that comes with money then we'll never see them.

Having an excess of money is definitely a great problem to have. But not having the basic financial education to manage it can prove financially fatal. Luckily the solutions are relatively simply.

1. Play financial board games

If you haven't played Monopoly for a while I highly recommend it. Ask yourself how it can be applied to real life. Your own finances. Your own business.

Actually you can play virtually any board game that uses play money and involves a significant amount of strategy. Feel free to do some research for tips and game strategies before you play in order to learn how to win the game. This will start teaching you to do research about investment opportunities before you play the game of money for real.

You could also invite a few people over to play and ask them to each bring over a surprise gift worth five dollars or so then the winner gets the prizes. It's amazing how much more real the game gets when there's actually something to gain after you win instead of just simply winning.

2. Make a list of your money fears

Grab a piece of paper and a pencil. Draw a line down the middle. At the top of the left column write, "Things I love about money" and at the top of the other column write, "Things I hate about money". Write 10 things in the left column and 10 thing in the right column. Only spend a few seconds thinking up each one then write them down quickly. Then when you're done think about some of the things you can change to start converting the "hate money" column over into the, "love money" column. If you're stumped about how to do that then read the next solution...

3. Help others solve their own money fears and problems.

The best way to solve your own problems is to help other people solve the same problems. Try taking a job for a financial management company. You could become a financial consultant of some type. Maybe you could be a business opportunity retailer. By doing this a universal law kicks into action and like magic, your own worries and problems start to correct themselves.

Do you have a love hate relationship with money?

How many people fear money? This question might seem a bit confusing because the average person thinks that people fear not having money or worry about running out of money. One would think that just about everyone wants it and can't get enough if it. But seeing how fast people throw it away (spend it foolishly) you would think they absolutely hate it!

The truth is that millions of people fear having money itself. Think about it. Why else would they spend it so fast and so foolishly. They might think they don't deserve money or they may fear the responsibilities that can go along with having large sums of money.

I think that's the real truth of the matter. Being afraid of having the responsibilities that come with money is what people are really afraid of. A profound quote comes to mind, "To whom much is given; much is required".

If people constantly fear money then it will always elude them. Opportunities to make money appear almost daily but if we're afraid of responsibility, change and success that comes with money then we'll never see them.

Having an excess of money is definitely a great problem to have. But not having the basic financial education to manage it can prove financially fatal. Luckily the solutions are relatively simply.

1. Play financial board games

If you haven't played Monopoly for a while I highly recommend it. Ask yourself how it can be applied to real life. Your own finances. Your own business.

Actually you can play virtually any board game that uses play money and involves a significant amount of strategy. Feel free to do some research for tips and game strategies before you play in order to learn how to win the game. This will start teaching you to do research about investment opportunities before you play the game of money for real.

You could also invite a few people over to play and ask them to each bring over a surprise gift worth five dollars or so then the winner gets the prizes. It's amazing how much more real the game gets when there's actually something to gain after you win instead of just simply winning.

2. Make a list of your money fears

Grab a piece of paper and a pencil. Draw a line down the middle. At the top of the left column write, "Things I love about money" and at the top of the other column write, "Things I hate about money". Write 10 things in the left column and 10 thing in the right column. Only spend a few seconds thinking up each one then write them down quickly. Then when you're done think about some of the things you can change to start converting the "hate money" column over into the, "love money" column. If you're stumped about how to do that then read the next solution...

3. Help others solve their own money fears and problems.

The best way to solve your own problems is to help other people solve the same problems. Try taking a job for a financial management company. You could become a financial consultant of some type. Maybe you could be a business opportunity retailer. By doing this a universal law kicks into action and like magic, your own worries and problems start to correct themselves.

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