imagine someone giving you $100 bill
what would you do with this money what's
the first thing that pops into your mind
comment below maybe you're thinking you
know what $100 I could buy a nice dinner
for two maybe with my boyfriend or
girlfriend or with my spouse well maybe
you're thinking I could buy a pair of
sneakers maybe I could pay off my phone
bill or maybe you're thinking well I
could get that video game that I've been
thinking for a long time how would you
spend this money you see how you think
about money will have a significant
impact on your financial future and also
on your decision-making since childhood
think back how do you about money when
you first got a few dollars why you want
that first few dollars what did you do
with that money
maybe you bought candy with it maybe you
bought that toy maybe then later on you
would buy a little bicycle right maybe
you would treat yourself to a hamburger
the poor and the middle class and the
rich we all have very different views on
money like Mike Tyson for example one of
the most formidable boxers of all time
now at a time Mike Tyson was earning a
lot of money in fact hundreds hundreds
of millions of dollars but later on he
went bankrupt not only he spent all of
that money hundreds of millions of
dollars he later on was actually in debt
and owing money owing taxes he why now
the problem is you may be thinking oh he
just spends money no that's not the
problem
the root of the problem is Mike Tyson at
the time has a certain view on money
that caused debt behave
here and now Mike Tyson is bouncing back
he has bounced packets in movies and now
his words you know a few million dollars
again I have a lot of respect for Mike
in fact and my house I have a signed
autographed glove by Mike Tyson
so money how do you have your money now
if you're like most people when you
think about money you think about I'm
not gonna spin it what am I going to buy
that's one belief system if you want to
accumulate wealth if you want to
actually create wealth we need to have a
different point of view one of the most
powerful shifts that you can make today
is stop thinking about what money can
buy and start thinking what money can
earn I'll say that one more time stop
thinking what money can buy and start
thinking what money can earn think of
money as a golden goose that lays golden
eggs when you spend it that money is
gone forever
it disappears nowhere to be found
and then you need to earn new money to
replace that but you think about what
money can earn you will think about
money very very differently how you
would use that $100 bill and don't think
more money would solve the problem if
you do not know how to use $100 wisely
what makes you think you know how to use
a thousand dollar wisely what makes you
think you know how to use $10,000
wisely and what makes you think you know
how to use a hundred thousand dollar
wisely the world is filled with athletes
and doctors and lawyers and
entrepreneurs and high-income
professionals who earn a lot of money
yet they are Brooke because they have a
broken view on money that it's what is
causing the problem it is not the money
itself is their point of view on money
now I'm not asking you to be cheap and
I'm not asking you to
live life in scarcity what I'm asking
you is to look at it differently maybe
you could put this hundred dollar bill
into an index fund that generates on
average 8 to 10 percent return over a
long period of time
let the miracle of compound interest to
work for you maybe you would use this
hundred-dollar bill to take a successful
person out to lunch and you buy their
person lunch and you seek knowledge and
ask good questions or maybe you would
use this 100 dollar bill to join
Toastmasters to improve your
communication skill so you become a more
confident speaker or maybe you use this
hundred dollar bill to buy a group of
books a bunch of books so you could
accumulate and acquire more knowledge so
you would be smarter you will be more
intelligent the same hundred dollar bill
it's all up to you how you would use it
so stop thinking what money can buy and
start thinking what money can earn