“We give reluctantly because we don’t like to lose,” says Ken Honda, author of Happy Money. - But in fact, giving and receiving money are components of one cycle. When we pay $100, it goes into the hands of someone else who will spend it elsewhere, and ultimately that same $100 comes back to us. This is how the economy works. Anyone who falls out of this cycle ceases to live. After all, this is the basis of life itself. An abundance mindset comes from accepting that the world is in balance."
Fortunately, I caught myself in time and drove away the dark thoughts. I stopped lamenting that I had been “robbed” and realized that there was just enough money to cover unforeseen expenses. It's all part of a reliable system.
Definition of the concept
To get closer to a goal financially, a person must be aware of the meaning of money and understand the laws of its movement. Experts tested people's reactions in situations related to financial issues. The resulting behavioral scenarios are analyzed to identify key behavioral recommendations.
People usually refer to all their capital as money: credit cards and cash. Scientists have found that depending on the form of money, the attitude towards it changes.
The basics of money psychology consist of several principles:
- Money is energy that you need to be able to accept.
- An increase in capital should be accompanied by positive emotions. It is enough to understand that money means well-being, stability and freedom, which means you can only talk and think about it in a good way.
- The readiness for wealth must be absolute. You can’t just dream about a large sum without understanding what to do with it. A person must have a clear idea of where he will spend the wealth he receives.
- The fear of losing capital scares him away.
You need to love money and accept it correctly
Time and love of money
Everyone knows that money is a medium of exchange . You give money when you pay for goods and services in a store. Most people know this.
But did you know that you also have to pay for money?
And most often people pay for money with their time . But not only this. If you add your positive energy to time, you can get much more money for it.
But there is an even more profitable payment - love. Those who love money in the “good” sense of the word will have more and more of it. Let's see what the energy of money is and how to use it.
"Black ingratitude", indifference and condemnation
The example is simple. The husband does not give gifts to the woman, he gave and gave and then stopped. What's the matter? It's simple, the wife stopped enjoying gifts. She believes that there is no need to spend money, she will buy herself what she wants more than what her husband bought. Or even worse, the wife thinks her husband should buy her flowers.
From a psychological point of view, the husband is looking for a gift, thinking about what to buy, investing his energy and money, but the wife does not compensate for these costs simply with her joy, and, accordingly, energy. That's all.
There is no exchange of energy, and the husband stops giving gifts. This is how everything happens in money if you don’t know anything about the energy of money. And the power of gratitude has a very positive effect, especially in the matter of money.
Wealth factors
Nature has given all people attention, memory, and thinking, but everyone’s material well-being is different. Scientists talk about several reasons for this phenomenon: firstly, the attitude towards wealth is based on habits, the influence of society and family. Secondly, the inner feeling of oneself - the less a person loves himself and values his professional qualities and skills, the less likely he is to ever get rich .
The following factors can affect your level of wealth:
- Attitudes towards money are formed in childhood based on the example of parents’ behavior. If mom and dad were big spenders and didn’t know how to save, the child most likely won’t be able to save anything either. Even with a good salary, a person has a subconscious goal of getting rid of banknotes, which is where thoughtless and unnecessary purchases come from.
- Possessing a large sum provokes different financial behavior. Some, having received a certain amount of money, begin to spend without measure, others try to save, going to extremes. The correct reaction to having an amount is to calmly and rationally think about what can be done to increase it or how to spend it profitably.
- Correct placement of life priorities . Those who put family first are unlikely to spend much on entertainment.
- Fear of leaving your comfort zone interferes with material well-being. Only those who are not afraid to change their lives get new chances to get rich.
- Psychologists say that the incorrect thinking of the poor , which is radically different from the thinking of the rich, prevents them from getting rich. Constant thoughts about the lack of money block the view of new prospects and resources.
- The means run out the moment the desire to achieve them stops.
It is important to properly manage unexpectedly received money
I highly recommend reading the book: My Neighbor is a Millionaire . Authors Thomas J. Stanley, Danko William.
We are affected by hyperbolic discounting
Let's say you were offered to receive 3,000 rubles today or 6,000 in a year. Most in this case would choose 3†000 right away. We will prefer the reward that can be received earlier. Even if it is less than what awaits us later. Future rewards are not that important to us; we devalue them.
But if you pose the question a little differently: 3,000 rubles in nine years or 6,000 in ten - people are more often inclined to the second option. When the wait for a reward is still long, we think more rationally and choose a larger amount. But making the right choice in the short term is more difficult for us. This explains credit card debt. Financial stability in the future doesn't seem as valuable as being able to buy something nice right now.
This cognitive distortion affects not only finances, but generally everything related to self-control. Addictions, eating habits, those areas in which you need to give up immediate pleasure for the sake of future well-being.
For example, you are overweight. You understand that to lose weight you need to move more and balance your diet. You vow to resist temptation for the sake of your future health. But then you can’t resist chocolate cake for dessert. Compared to the immediate pleasure of cake, health in the distant future seems less valuable.
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Some scientists explain this using evolution. When your distant ancestor saw a small, skinny antelope, he tried to catch and eat it, rather than wait for larger prey. Because we might not have lived to see this moment. As a result, the brain has developed a mechanism that rewards immediate reward.
Laws of money
Each bill is the result of human activity, because money does not come from nowhere. But it’s not enough to earn good money, you need to know the laws of money.
- The law of rich thinking. Do not complain about the lack of funds, speak positively about your situation, and keep track of your money correctly.
- The love of wealth is a guarantee of its appearance. Thoughts are material, so those who think about the goal and do not give in to fears get what they want.
- The law of motion - money must constantly work. Greed will destroy capital, and the right investments will bring additional income.
- The law of ease - do not spare money spent on pleasure. Money should bring joy, only in this case it comes back.
- Law of goals. In business there must be a desire for development and new discoveries. You need to get satisfaction from your business, and the issue of profit should come second.
- Law of distribution. To avoid ending up in debt, part of the money should be used to increase capital.
By following these laws, you should not focus on earning capital. Money loves happy people - in addition to earning capital, you can focus on other goals, recharging yourself with positive energy.
How to think to get rich
Thoughts attract their essence. To get rich, you need to learn to think correctly about capital and get rid of any negativity that is associated with money.
Basic principles of thinking of the rich:
- Bad habits attract bad luck, while good habits attract “alternative luck.”
- Rich people believe in equality of opportunity. They are confident that success can be achieved with their own talent and abilities.
- The right circle of communication is valued in a business environment. A wealthy person is unlikely to forget to congratulate a colleague or partner on his birthday, realizing that he needs a network of valuable contacts. New acquaintances and the impression he makes on people are important to him.
- Being rich doesn't always mean earning a lot. The ability to properly allocate the budget and save money plays a huge role.
- Only poor people believe in fate . This is a convenient position that frees you from taking decisive action to change your financial situation. A rich man is confident that his destiny is in his hands and success can only be achieved by putting effort into it.
- Wealthy people understand that intelligence is not always the key to success. Non-standard thinking and a creative approach are important in making money.
- A rich person is willing to take risks to increase his capital. Many large business owners have achieved success through harsh life lessons.
What to do to be rich
Each story of achieving financial independence is original, but there are several ways that will help anyone get rich.
One of these ways is to create passive income. This type of income does not prevent you from working, but allows you to earn additional income. Even a small amount of a few thousand rubles will not be superfluous. Passive income can be different:
- Receiving interest from a bank deposit or dividends from securities;
- Renting out housing;
- Creation of an advertising platform on the Internet;
- Distribution of network marketing products.
A good option for getting rich is your own business. Of course, starting a business usually requires capital, but there are methods of development without investment. For example, on the Internet you can start making money with your own mind. The field of activity here is unlimited - you can work either as a freelancer or as the owner of your own information business.
Intermediaries of financial transactions receive their commission, and this is also an opportunity to get rich. For example, a realtor with a good client base earns several thousand dollars a month.
Useful habits of rich people
The psychology of money talks about the importance of habits that help you get rich. The habits of the rich and the poor have serious differences.
Habits of poor and rich people.
Money needs to be loved
No matter how cynical it may sound, you have to love money! The thought that money is evil never arises in the head of a successful person. Such people are always open to cash flow, they accept money with pleasure, but also part with it easily, without regret. They know that they will soon receive more than they spent.
Another wrong thought that scares away prosperity is that only the heirs of wealthy parents or crime bosses can earn a lot of capital, but this is impossible in an honest way. Money does not forgive negative thoughts about yourself. They come only to those who love them and are glad to meet them.
Negative and negative statements about money
Disrespectful thoughts about money usually come with negative thoughts. A person complains about a lack of finances in the house, about the inability to earn money honestly, etc. In addition, negative statements about money can provoke envy of other people's financial well-being. This feeling delays development, so you definitely need to get rid of it.
Returning again to the fact that thoughts are material, it should be noted that when talking about money there are certain phrases that are best not uttered under any circumstances. You shouldn’t say “I don’t have money,” especially if it’s not true. Such an excuse can lead to financial losses and certainly will not help you get rich.
Greed and saving on people
It is necessary to get rid of the fanatical attitude towards capital. Money should not be allowed to control a person. Such people lose their positive moral qualities and “go over the heads” of other people. But you can become truly rich only through honest work.
For example, a seller in a store charges each customer 10 rubles. It would seem that for the visitor the amount is unnoticeable, but for her it is an opportunity to earn extra money. But this doesn’t make the seller any richer; he continues to work for 20 years in the same store, deceiving people. And the seller from the neighboring stall quit a few years ago and opened his own business. Maybe this is because he is unfamiliar with the feeling of greed?
Saving on yourself
This is also not the best way to preserve and increase capital. Money comes to those to whom it brings satisfaction and happiness. When you deny yourself what you want or need at the moment, a person disrupts the financial flow that he had established.
The message goes out into the universe that he does not need finances for himself. The energy of refusal scares away money; it can go to a person who will appreciate it and please himself. This may cause a decrease in salary, unexpected expenses or theft of funds.
Fear of running out of money
It is the fear of being left without money that leads to real lack of money for a person. For example, during an interview, a candidate is silent about the salary level he deserves for fear that he will be rejected. As a result, he is hired, but the pay is much less than he expected. Peniaphobia kills the desire for career growth, to change the situation for the better.
Rich people are not free from the fear of losing capital, they know how to manage it, transforming it into caution. In order not to be afraid of losing all their savings, they make deposits in different banks or invest those amounts, the investment of which is not critical for the rest of the capital.
To get rid of this phobia, there is a simple exercise. On paper you need to write “I am left without money.” And under this phrase are all the consequences of this situation - poor nutrition, old clothes, giving up a car, etc. Among these points, you need to choose the most significant ones and think about how you can get out of these situations. Now, in case of loss of money, you will have a clear action plan at hand.
Ambiguity of purpose
Each person should understand exactly what he wants to spend money on. To do this, you should make a list with purchases or reasons to save money. If you add up all the points, you get the amount you need to earn. By setting this exact amount of money as a goal, a person can easily earn it.
Count your money
There is always money in the bank because it is constantly being counted there. It is advisable to store savings in one place, then this place will become a magnet for attracting money. It’s better to stack the banknotes according to the watermarks, one next to the other. And constantly recalculate your capital!
Using the above recommendations you can really achieve material well-being. It is noteworthy that these rules work in the economies of entire states. Like any energy, money must be in constant motion, then its quantity will grow.
Conclusion
The psychology of money is a recently emerged science that studies our relationship with finances. Money influences our lives and our self-esteem and thinking - you are probably all familiar with Maslow’s pyramid of needs. And vice versa, the level of consciousness and emotions can affect the thickness of our wallet. Working with your mental attitudes is also an element of financial literacy that you cannot do without.
Author: Anna Semenovskaya
Author of articles on finance
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