Hello!
Seiiti Arata.
Trying to make more money is a terrible idea.
Why is it a bad idea?
The reason is that you will find dangerous answers when you are only looking for ways
to make more money.
. For example, instead of keeping your money where there is low risk, you may end up entering
high risk investments without the proper knowledge to do so.
You could then lose big.
Worse, you could get into a scam or pyramid scheme that makes promises of huge returns.
It's not a good idea to try to "make more money" as a life goal.
This can even make you lose money.
Why does it happen?
Earning more money should be seen as the CONSEQUENCE of delivering a product or service that the
market values.
That is, money should be the consequence and not the goal to be pursued.
What should be the goal then?
The goal should be becoming good at doing work that the market really values.
So, if you want to get rich in a sustainable way, you need to review some beliefs and start
to see money as a consequence, instead of a main objective.
Your beliefs about money keep you from making more money.
When we grow up, we are taught that we need to work to earn money and thus pay our expenses.
For most people, that means getting a job and trading time for money.
This belief is engraved in our minds and begins to guide many of our decisions throughout
life.
For example, the decision to prefer a more secure job than taking a risk to start a business.
Or the decision to spend what you earn, instead of investing part of those earnings until
you achieve financial independence.
There are also negative beliefs about why you want to make more money.
Consciously or not, you may be wanting to show the world, your parents, or your friends
that you are not a failure, that you are worthy, that you are better than them.
These beliefs are negative because they are emotions that wear down enthusiasm over time
and are not sustainable in the long run.
On the contrary, beliefs motivated by positive emotions are cumulative with indirect effects,
such as curiosity for a certain profession and the desire to become better and better.
A person who makes decisions based on beliefs like these will have good recommendations,
a loyal customer base, and a willingness to constantly learn more.
Of all the poverty beliefs, those involving self-esteem issues are some of the most destructive.
It's amazing how we stop looking for better conditions simply because we think we're not
worthy.
These beliefs are with us all the time.
An example is when we think twice before writing an email, thinking it won't be answered with
attention.
When we fail to submit our application for a better job.
When we feel that a certain project cannot be carried out well with our current level
of competence, and we miss the opportunity.
There are several beliefs about money that can be changed.
But in this conversation, we're going to focus on one belief in particular, which often has
the opposite effect of what we want: the belief that we should try to make more money.
The belief of earning more money as a primary goal can put you in high-risk situations.
When you hold the belief that money is the main goal to be pursued, you can get into
situations that will make you lose more money in the end.
For example, you run the risk of engaging in high-risk investments without the knowledge
to do them correctly.
Many people lose money by entering into risky activities, without the necessary knowledge.
Examples are day trading, trading leveraged, or simply investing in “no-brainer” business
opportunities.
All this could be avoided if the person had better prepared.
Worse, you run the risk of getting into scams, such as financial pyramids or initial cryptocurrency
offerings that in reality have no value.
When you make a decision to get into a risky situation, your brain is actually operating
based on the beliefs that you have instilled in your mind.
What's the problem with believing that the main objective is to make more money?
The problem is that when you find an opportunity to make more money, your tendency is to try
to take advantage of that opportunity, even if it is high risk.
That's what the scammers want.
They sell risky or even illegal situations as great opportunities to get rich, because
they know that many people believe making more money is the ultimate goal.
Seeing enrichment as the main objective is the same as wanting to treat a disease by
the symptoms and not by the causes.
The belief that you should aim to make more money is an interesting one.
Usually, those who are focused on earning more money fail to realize that money is a
consequence and not a cause.
With this, they end up trying to solve the problem without attacking the causes of the
problem.
Let's make a comparison with someone who is sick.
In the case of fever and pain, it is necessary to understand the cause of the disease in
order to treat it in the right way.
Fever and pain are symptoms of many diseases, so you can't just treat the symptoms without
solving the cause of the problem.
For example, if the cause is an infection, antibiotics that attack the bacteria may be
necessary.
But if the cause is a virus, the antibiotic may be useless.
Without the correct diagnosis, you run the risk of just taking a pill to relieve pain
and lower your fever, but fail to understand the cause.
Similarly, lack of money is not the ideal point to focus efforts.
Nor the search for more money.
Those who have the belief that they need to find more ways to make money inevitably come
across some scams from financial pyramids and other wild promises.
Instead, we can reshape the way we behave and relate to others, offering more value
and reaping more results.
There are several wealth beliefs that accelerate this process.
These beliefs can be instilled if you study the subject and do some serious training to
change your mindset.
In the previous episode of the series, Hello!
Seiiti Arata [https://arata.se/hello268], we talk about how you need to stop being a
child and change the negative beliefs that were instilled in your mind during childhood.
This change is possible and often necessary when talking about money, as most people have
never had good financial education.
The main financial shift that you must incorporate in your mind is that money is a consequence
and not a cause.
But consequence of what?
Money is a consequence of offering the market something that people value with quality.
People who earn a lot of money are those who are able to offer a quality product or service
to the market that people are in need of.
Instead of wanting to make more money in any way, focus not on the consequence but on the
cause.
In other words, you need to get really good at offering the market something that people
are willing to give a lot of money to in return.
If you are an employee or service provider, you need to increase the quality of your service.
The better you are as a professional in your field, the rarer the type of service you offer.
The rarer and more sought after a service, the more expensive you can make it.
If you are an entrepreneur, you need to increase the quality of your company.
Not just the quality of your product, but also improving the way that you manage your
business to eliminate inefficiencies and thus profit more.
Simply put, you need to be really good at what you do.
If you are really good at what you do and you are in a market with demand, you will
realize the consequence of making more money.
It may seem contradictory, but if you want to make more money, don't focus on making
more money.
Focus on becoming excellent at the work you do and expect the consequences of getting
paid very well for it.
Wanting to make more money as your main goal is a misguided belief that can put you in
risky situations.
In turn, you could lose a lot of money.
Instead of focusing on making more money, understand that it is the consequence of offering
the market work that people value.
With this shift in focus, you can become a better trader and earn more money as a result.
Of course, this is not the only belief about money that you need to change.
For those of you who want to improve your mindset about money, I invite you to attend
a special class of our financial enrichment course at https://arata.se/moneytaboo.