Hello friends, I am laxman Sonale, in today’s article, we see the Money game: How rich people think “both” when they try to choose between two different things, from Wealth file #12 of Book ” The Secrets of the millionaire mind ” by T Harv Eker.
This wealth file helps you to avoid the biggest stupid mistake in life. for example, if you want to start a business, but you do now job, guess what you do, you quit your job and give the full time in business if the business fails, you don’t have the cash for your regular expense, so thinking either/or is dangerous,
let’s understand, rich people’s thinks about the money game from the author.
Wealth file #12:-Money Game
Rich People Think ” Both “
Poor People think “either/or”
In this, the author gives the major most important difference in the thinking when they play the money game.
So this type of thinking making very broke,
let’s take short examples, Let’s say, you are doing the job, but your expense is more than the income, then you want to start the business, for that what is the better to leave a job and start a business or do the job and start a business in part-time?
So above question, many of us ask, when we are in the above situation, so for that, I listen to a speech of Mohnish Prabai ( world-famous Great Value investor), above question ask by their audience, (Money Game)
the Mohnish Prabrai says, ” The most people do stupid thing in life, is quite a job and start a business. But actually, we have a time, in that we can do the both i.e. job as well as business. Because, if the business fails, then nothing to worry about my monthly expense, that fills by the job. If we quit jobs, and the business fails, then we become broke. so on their entire speech, he says, ” Do your job, regularly and with some extra hour you can start your business. because, in our a week we have 40-42 extra hours, that we can use for business.”
so this type of rich people think about them both,
let’s understand the psychology behind this type of thinking.
the author says,” Rich people live in a world of abundance. Poor people live in a world of limitations. Of course, both live in the same physical world, but the difference is in their perspective.
Poor and most middle-class people come from scarcity. they live by mottos such as ‘ there’s only so much to go around, there’s never enough and you can’t have everything.’ and although you may not be able to have ” everything.” as in all the things in the world, I do think you can certainly have ” Everything your really want.”
Do you want a successful career or a close relationship with your family? Both!
Do you want to focus on business or have fun and play? Both!
Do you want money or meaning in your life? Both!
Poor people always choose one, rich people always choose both
then the author explains, how rich people think, both, and achieve both.
the author says, ” Rich people understand that with a little creativity you can almost always figure out a way to have the best of both worlds. from now on, when confronted with an either/or alternative, the quite essential question to ask yourself is “ How can I have Both” this question will change your life. It will take you from a model of scarcity and limitation to a universe of possibilities and abundance. (Money Game)
This doesn’t just pertain to things you want, it pertains to all areas of life, for example, Right now, I’m preparing to deal with an unhappy supplier that believes my company.
Peak potentials should pay for certain expenses they’re had that we are not originally agreed to m felling is that estimating his costs is his business, not mine and if he’s incurred a higher expense that’s something he has to deal with. I’m more than willing to negotiate a new agreement for next time. But I’m big on keeping agreements that were already made.
Now In my broke days, I’d go into this discussion with the goal of making sure. i don’t agree. And even though I’d like to keep him as a supplier, this would probably end up in a huge argument. I’d go in thinking either he wins or I win.
Today, however, because, I’ve trained myself to think in terms of “both”, I’m going into this discussion completely open to creating a situation where I’m not going to pay him, any more money and he’s going to be extremely happy with the arrangements we do make. in other words, my goal is to have both!”
then the author gives another their own experience of thinking both
The author says, ” several months ago I decided to purchase a vacation home in America. I secured the area I was interested in and every real estate agent told me, if I wanted three bedrooms plus a den in that vicinity, I’d have to pay over a million dollars. (Money Game)
My intention was to keep my investment in this home under a million. Most people would either lower their expectations or raise their budget. I held out for both.
I recently got a call that the owners of a house in the exact location I wanted, with the number of rooms I wanted, had reduced their price from $200,000 to under a million. here is another tribute to the intention of having both!
Finally, I always told my parents that I didn’t want to slave away at work I didn’t enjoy and that I would ” get rich” doing what I love.”
their response was as usual: ” you’re living in a dream world, life is not a bowl of cherries.” they said
then author give us advice, on how we can think both, and achieve both
the author says, ‘ Business is business, pleasure is pleasure, first you take the core of making a living. then if there’s any time left over you can enjoy your life.
I remember thinking to myself, ” hmm, if I listen to them, I’ll end up like them. No, I’m gonna have both!” was it tough?” you bet. sometimes I’d have to work at a job I hated for a week or two so I could eat and pay the rent. but I never lost my intention of having ” Both”
I never got stuck long-term in a jar or business I didn’t like. eventually, I did become rich doing what I loved. Now that I know it can be done, I continue to pursue only the work and project that I love.
Best of all I now have the privilege of teaching others to do the same. nowhere, is ‘both’ thinking more important than when it comes to money. Poor and, many middle-class people believe that they have to choose between money and the other aspects of life. (Money Game)
Consequently, they’ve rationalized a position that money is not as important as other things. Let’s see the record straight money is impartially to say that it is not as important as many of the other things in life is ludicrous. What’s more important, your arm or your? Could it be that both are important?”
the author talks about money as a lubricant.
the author says, ” It enables you to ” slide ” through life instead of having to ” scrape ” by. Money brings freedom-freedom to buy what you want and freedom to do what you want with your time. Money allows you to enjoy the finer things in life as well as gives you the opportunity to help others have the necessities in life.
Most of all, having money allows you not to have to spend your energy worrying about not having money. Happiness is important too. Again, here’s where poor and middle-class people get confused. Many believe money and happiness are manually exclusive, that either you can be rich or you can be happy.
Again this is nothing more than poor programming. people who are rich in every sense of the world understand that you have to have both. just as you have to have both your arms and your legs. you have to have money and happiness.”
then the author discusses the major difference between rich people and poor/middle-class people
the author says, ” you can have your cake and eat it too!
so here’s another major difference between rich, middle-class people and poor people.
Rich people:- you can have your cake and eat it too.
Middle-class people:- Cake is too rich, so I’ll only have a little piece.
poor people don’t believe they deserve cake so they order a doughnut, focus on the hole, and wonder why they have nothing.”
I ask you, what is the use of having your “cake” if you can’t eat it? What exactly are you supposed to do with it? put it on your mantel and look at it? the cake is meant to be eaten and enjoyed. (Money Game)
Either/or thinking also trips, up to people who believe that ” if I have more, then someone else will have less.” Again, this is nothing more than fear-based, self-defeating programming.
the notion that the wealthy people of the world have and are somehow hoarding all the money, so there’s none left for anyone else, is preposterous.
first, this belief assumes that there is a limited supply of money, I’m not an economist, but from what I can see, they just keep printing more of the stuff every day.
the actual money supply hasn’t been tied to any real asset for decades. so even if the wealthy had all the money today, tomorrow there’d be millions, if not billions, or more available.
the other thing people with this limited belief don’t seem to realize Is that the same money can be used over and over, to create value for everyone. let me give you an example.
I’ve used in our seminars, I’ll ask five people to come onstage and bring on the item with them. I ask them to stand in a circle. then I give a $5 bill to the first person. Ask them to buy something from person number 2 for the money. Suppose they buy a pen. so now person number 2 has te $5 person 2 now uses the same $5 bill to buy, say, a clipboard, from person number 3 then number 3 uses the same $5 bill to buy a notebook from number 4.
I hope you get the picture and the point. the exact same $5 was used to bring value to each person that had it. That same $5 went through five different people and created $5 each worth of value for each and a total of $25 in value for the group, that $5 did not get depleted and as it circled around, created value for everyone.”
the author gives a clear lesson about money
the author says, ” the lessons are clear. First, money does not get depleted, you can use the same money again and again for years and years and thousand and thousand of people. (Money Game)
Second, the more money you have, the more you can put into the circle, which means other people then have more money to trade for more value.
this is exactly the opposite of either/or based thinking, to the contrary, when you have money and use it, you and the person you spend it with both have the value. put bluntly, if you’re so worried about other people and making sure they get their share ( as if there’s a share)
do what it takes to get rich so you can spread moe money around. if I can be an example for anything, it would be that you can be a kind, loving, caring, generous, and spiritual person and be really frickin rich.
I strongly urge you to dispel the myth that money is in any way bad or that you will be less ” good ” or less ” pure” if you are wealthy that belief is absolute “Salami” ( in case you’re tired of baloney), and if you keep eating it, you won’t just be fat, you’ll be fat and broke.”
then the author gives another example of Both thinking
the author says, ” My friends, being kind, generous, and loving has nothing to do with what is or isn’t in your wallet. those attributes come from what is in your heart. being pure and spiritual has nothing to do with what is or isn’t in your bank account, those attributes come from what’s in your soul. (Money Game)
To think money makes you good or bad, one way or another is either/or thinking and just plain ” programmed garbage” that is not supportive to your happiness and success.
It’s also not supportive to those around you, especially to children. if you’re that adamant about being a good person, then be ” good” enough not to infect the next generation, with the disempowering beliefs you may inadvertently have adopted.
if you really want to live a life without limits, whatever, the situation, let go of either/or thinking and maintain the intention to have “Both”
then the author gives the declaration and millionaire mind activity,
you can read this in the book, to buy the book, click on the following image link.
so this is all about the wealth file #12 from the book ” the secret of the millionaire mind ”
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