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Making Real Money Online: What is Wealth?

What is wealth to you? What attitudes do you have towards money? Are you attracted and enthused by the idea of business or are your feelings conflicted or negative?

A couple of people have told me they get uncomfortable talking about money. In fact reading about business or making money makes them feel uncomfortable. It’s understandable though we should not leave unchecked thoughts that hold us back from succeeding.

What we focus on we get more of, so let’s think in ways that help rather than hinder!

First, let me see if we are on the same page about one thing. We all need money, right? For most of us some more money would be a welcome thing, agreed? In fact I have never met anyone who could not use more money than they currently have, even the richest.

What do I think of as wealth, is it simply having buckets of cash? No, actually while I do have an income target my personal goal, and my idea of what being rich really is, would be to have all the wonderful things I have now, a lovely family, great friends, work I enjoy. I want all that great stuff that I already do with the added bonus of not working 24/7 to get it, where chasing after money is no longer an issue. Sound good?

Think about what you would like to achieve. I bet you are not thinking of taking from or cheating others. I’m also guessing that in fact you are a generous person and would continue to be. We all want what is good for ourselves and our families. I don’t think that is greed. I’m guessing that is the main concern when people talk about money, the thing that gets people uncomfortable.

We are often raised to see money as somehow dirty. There is the fallacy that “money is the root of all evil”. In actual fact the correct phrasing is

“For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.”

Quite different, eh? Nobody is suggesting you go love money or become obsessed with it.

You will often hear people also say “money does not grow on trees”, or “do you think I am made of money?”, “money corrupts”, “easy come easy go”, “a fair days work for a fair days pay”.

Have you been trained to think of scarcity, sweat and cheats when thinking about money or fun and opportunity?

What do you think of when you think about money?

  • Debt?
  • Bills?
  • CEO Fat-cats?
  • Greedy bankers?
  • Slimy snake-oil salesmen?
  • Evil global corporations?
  • Poverty?

Complete this sentence: “Rich people are _____________”.

Success starts in our minds. Are you setting yourself up for achievement or failure?

The Birth of a Spender-Debtor

Growing up I never thought of money as something abundant and positive. I knew it was something we all needed, but I also understood it to be a subject that caused a lot of stress and tension. We had a happy home but there bill-paying times were probably the least fun.

As soon as I could I left school with a hope of earning my own wage. My first pay was spent buying “stuff”. Anything I couldn’t buy before. Name-brand clothing and trainers, gadgets, you name it. Fast as I could I got myself a credit card and loaded it up.

Of course the bills and debt piled up, further re-enforcing my subconscious belief that money was scarce and something to be feared.

While I sorted out my debts, the fear of not having enough stayed with me.

Do you see how I trained myself to get into this situation?

Even when I was pretty well paid, I had the same attitudes and the same self-defeating spending patterns,Β  what would it have been like if I had budgeted and saved, or even (shock) invested a bit?

Positive Attitudes Towards Money

Rather than focusing on the negative perceptions of money, our conditioning and our societies “spend to feel better” culture, instead we have to develop a positive impression of what money actually is.

Money is simply a tool for a job. It is a token to represent an exchange of value. It is neither good nor evil. We project all sorts of unnecessary baggage onto money because it is important to how we live, but by our thoughts and feelings we cause our own problems with it.

  • You do deserve to have money – There is no reason why one person deserves money and another does not. Of course you deserve to have money. Feel good about knowing that you do.
  • You can be a good person with money or without – Think of all the good things you could do if you had some spare cash. We all like to do our bit for charity, how much more could you do if you knew you could be earning far more?
  • There is enough money to go around – One of the myths about money is there is a finite amount. It serves some systems to keep that as the primary idea of money but it is not absolutely the case. Actually when you look at how the money system really works you will see money is created every day out of thin air. Banks work through trust, not piles of gold. When you see money is only numbers created through agreement you can imagine it is a much more flexible arrangement than people think. Of course we have to work within the system but hold this idea in your head, money is created every day so out there somewhere is a healthy share with your name on it.
  • People with money can be honest – I have known many people who really believed anyone who has made a lot of money must have stolen it, defrauded for it or cheated to get it. Rubbish! How self-defeating is that?
  • Your ability to earn and keep money is only limited by your beliefs – One of my hobbies is reading biographies of interesting and successful people. Soooo many started out with nothing but ended up achieving great things. It’s easy to excuse ourselves because we didn’t start out with “advantages” until you see people with far harsher limitations have done so much more.

I have to reinforce the last point, what we believe about money and success has a major impact on our achievements.

You have to know that it is ok for you to make money, reach your goals and feel good about it.

Do you think you have attitudes holding you back? Do you feel icky thinking about money? What phrases do you hear when people discuss money and wealth? What does wealth mean to you? Please do share in the comments …

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Comments

  1. This entire series of articles on “Making Real Money Online” has been quite interesting to read. Its been a good source of inspiration for me πŸ™‚

  2. This entire series of articles on “Making Real Money Online” has been quite interesting to read. Its been a good source of inspiration for me πŸ™‚

  3. “Your ability to earn and keep money is only limited by your beliefs “.

    I agree with that 100%. Some people believe money is power, but the truth is BELIEF is power.

  4. “Your ability to earn and keep money is only limited by your beliefs “.

    I agree with that 100%. Some people believe money is power, but the truth is BELIEF is power.

  5. I think a lot of our negative attitudes towards money are shaped by what we see in the media (and read in history) of the excesses of the incredibly wealthy. Much less attention is paid to the philanthropists in that crowd, because theirs is simply a less sensational story.

    Just as money is not the root of all evil, money is also not an end in itself. I’m with you, Chris — my goal would be to have essentially the same good life that I’ve got now, but to find a smarter way to earn it so there’s more time to consciously enjoy it along the way.

  6. I think a lot of our negative attitudes towards money are shaped by what we see in the media (and read in history) of the excesses of the incredibly wealthy. Much less attention is paid to the philanthropists in that crowd, because theirs is simply a less sensational story.

    Just as money is not the root of all evil, money is also not an end in itself. I’m with you, Chris — my goal would be to have essentially the same good life that I’ve got now, but to find a smarter way to earn it so there’s more time to consciously enjoy it along the way.

  7. I used to believe that making money was difficult and that I would struggle to ever make enough just to survive. My parents never handled their meager earnings well and taught me all the wrong things through their example.

    But now I see how making money is almost ridiculously easy. That doesn’t mean I don’t do any work — far from it — but I have to laugh at my old beliefs, now.

    The one person who really showed me how easy it can be is ShoeMoney. Reading his stuff has been very inspirational. He makes money as easily as falling off a log.

  8. I used to believe that making money was difficult and that I would struggle to ever make enough just to survive. My parents never handled their meager earnings well and taught me all the wrong things through their example.

    But now I see how making money is almost ridiculously easy. That doesn’t mean I don’t do any work — far from it — but I have to laugh at my old beliefs, now.

    The one person who really showed me how easy it can be is ShoeMoney. Reading his stuff has been very inspirational. He makes money as easily as falling off a log.

  9. Spot on Chris. Your first point about people not being comfortable talking about money comes from the belief that if you do, that’s all you care about – you’re greedy. When you’re in business, asking for money is how you get paid so it’s necessary. The reality of the situation if if you get it out on the table, people will respect you more.

    When you’re brought up in an environment that conditions you to think in terms of saving money constantly instead of making money, it can affect how you ask for money. Our own limiting beliefs that a client or customer is always looking for a deal can have a detrimental effect on our value proposition. You can end up asking for too little which in effect “cheapens” your service or product. Creating value is the driving force behind business. If the value isn’t there, you’ve now set yourself up for eventual failure. The kicker? It’s all the result of a mindset, one created on false assumptions.

    Great series Chris, I’ve enjoyed every post! Thanks!

  10. Spot on Chris. Your first point about people not being comfortable talking about money comes from the belief that if you do, that’s all you care about – you’re greedy. When you’re in business, asking for money is how you get paid so it’s necessary. The reality of the situation if if you get it out on the table, people will respect you more.

    When you’re brought up in an environment that conditions you to think in terms of saving money constantly instead of making money, it can affect how you ask for money. Our own limiting beliefs that a client or customer is always looking for a deal can have a detrimental effect on our value proposition. You can end up asking for too little which in effect “cheapens” your service or product. Creating value is the driving force behind business. If the value isn’t there, you’ve now set yourself up for eventual failure. The kicker? It’s all the result of a mindset, one created on false assumptions.

    Great series Chris, I’ve enjoyed every post! Thanks!

  11. I never lacked money in my life as an adult. I always found a way to have enough for my desires. My parents were always in big debt, so I was a child who was afraid to say that she liked something very much, as I did not want my parents to be uncomfortable because they were not able to fulfill my wish. Since I earned my living, I always had plenty of money. I don’t know how it works, but it seems that the more I spend, the more I earn. I always thought that in a defined market there is enough money for all competitors. This is how I decided to go for doing internet marketing, in an awfully crowded market, and yet succeeding to have clients asking for my services.

    Wealth? For me, wealth is having whatever I want, in the moment I want it. Wealth is being satisfied with whatever comes your way, being happy with the good things which happen every day, feeling good every morning while putting together your to do list for the day. I’m happy and grateful to God (if there is any) for making me such an optimistic nature.

  12. I never lacked money in my life as an adult. I always found a way to have enough for my desires. My parents were always in big debt, so I was a child who was afraid to say that she liked something very much, as I did not want my parents to be uncomfortable because they were not able to fulfill my wish. Since I earned my living, I always had plenty of money. I don’t know how it works, but it seems that the more I spend, the more I earn. I always thought that in a defined market there is enough money for all competitors. This is how I decided to go for doing internet marketing, in an awfully crowded market, and yet succeeding to have clients asking for my services.

    Wealth? For me, wealth is having whatever I want, in the moment I want it. Wealth is being satisfied with whatever comes your way, being happy with the good things which happen every day, feeling good every morning while putting together your to do list for the day. I’m happy and grateful to God (if there is any) for making me such an optimistic nature.

  13. Wealth to me is the number of days going forward I can continue with my current lifestyle without having a job. Of course it seems to be measured in months these days. πŸ™‚

  14. Wealth to me is the number of days going forward I can continue with my current lifestyle without having a job. Of course it seems to be measured in months these days. πŸ™‚

  15. In regard to Money I keep thinking of the saying by Joe Schroeder, a favorite mentor of mine & that is just this…

    ” You can only make & retain money to the degree that your awareness allows
    you to keep.”

    I believe that is why we hear many times of folks who have won a large Lotto prize ending up broke sometime later as they did not aquire the proper mindset
    in order to handle the large some of money that suddenly came their way.

    I do not believe $$ in & of itself can or will erase all our problems & give us a fairy tale life….I think that the same negative mindset that has kept many from attaining wealth in the first place (if not altered) would cause us problems if we did attain quick wealth.

    I will be 52 this coming Monday & I am finding I have a LOT of things,,,attitudes, feelings, things I was taught, mindset etc,,etc,,,that I am Having to UNLEARN after all these years so I can NOW learn & assimilate new views such as Garrett has put forth so well in this series in such a wonderful way!

    I believe I myself must 1ST be Changed before I can truly have & enjoy a life of Abundance.

    Matt Geib

  16. In regard to Money I keep thinking of the saying by Joe Schroeder, a favorite mentor of mine & that is just this…

    ” You can only make & retain money to the degree that your awareness allows
    you to keep.”

    I believe that is why we hear many times of folks who have won a large Lotto prize ending up broke sometime later as they did not aquire the proper mindset
    in order to handle the large some of money that suddenly came their way.

    I do not believe $$ in & of itself can or will erase all our problems & give us a fairy tale life….I think that the same negative mindset that has kept many from attaining wealth in the first place (if not altered) would cause us problems if we did attain quick wealth.

    I will be 52 this coming Monday & I am finding I have a LOT of things,,,attitudes, feelings, things I was taught, mindset etc,,etc,,,that I am Having to UNLEARN after all these years so I can NOW learn & assimilate new views such as Garrett has put forth so well in this series in such a wonderful way!

    I believe I myself must 1ST be Changed before I can truly have & enjoy a life of Abundance.

    Matt Geib

  17. Working in the UK as a Graphic Designer I was pretty well paid. However I have left a fair amount of debt in credit cards and overdrafts.

    It was something that happened over years and I always expected I could deal with and in some ways it’s fine. It is growing but it will have to stay there for the minute.

    I moved to Montreal and reassessed my spending as my job is very low pay. I realised yesterday that I have money left over from my pay. Amazing!!!!!

    I am just as happy earning less money.

    My short term plans for blog earnings is to contribute to paying off UK debt but in long term I would like it to be my principal earnings enabling me to travel and live anywhere in the world.

    At present I earn very little from my blog.

  18. Working in the UK as a Graphic Designer I was pretty well paid. However I have left a fair amount of debt in credit cards and overdrafts.

    It was something that happened over years and I always expected I could deal with and in some ways it’s fine. It is growing but it will have to stay there for the minute.

    I moved to Montreal and reassessed my spending as my job is very low pay. I realised yesterday that I have money left over from my pay. Amazing!!!!!

    I am just as happy earning less money.

    My short term plans for blog earnings is to contribute to paying off UK debt but in long term I would like it to be my principal earnings enabling me to travel and live anywhere in the world.

    At present I earn very little from my blog.

  19. Chris
    I like your ideas, some one else that thinks along the same lines is the columnist(blogger) calling himself “The Barefoot Investor”
    http://au.blogs.yahoo.com/barefootinvestor/51/an-opportunity-thats-bigger-than-beer-and-skittles
    He is Australian (as I am) but has a general outlook on Wealth.

    David C

  20. Chris
    I like your ideas, some one else that thinks along the same lines is the columnist(blogger) calling himself “The Barefoot Investor”
    http://au.blogs.yahoo.com/barefootinvestor/51/an-opportunity-thats-bigger-than-beer-and-skittles
    He is Australian (as I am) but has a general outlook on Wealth.

    David C

  21. Chris,

    Interesting topic. We have been marketing a new book on Wealth Building. We have found that many people think about building wealth but almost never take action. The reason is because so many books just talk about wealth but don’t provide the necessary tools and steps. We hope to help change that. Wealth is also very personal and is relative to ones own needs and wants.

    Of course you can rely on the old adage –
    if you are healthy you are wealthy.

    If you would like a copy of our new book let me know and I will get one to you.
    Josef

  22. Chris,

    Interesting topic. We have been marketing a new book on Wealth Building. We have found that many people think about building wealth but almost never take action. The reason is because so many books just talk about wealth but don’t provide the necessary tools and steps. We hope to help change that. Wealth is also very personal and is relative to ones own needs and wants.

    Of course you can rely on the old adage –
    if you are healthy you are wealthy.

    If you would like a copy of our new book let me know and I will get one to you.
    Josef

  23. @Online Presence – glad you like it πŸ™‚

    @Matt – Agreed, if you don’t believe then you are anchoring yourself to failure

    @Jen – Yes as often is the case, bad stories sell more papers and get more TV viewers. Also jealousy causes people to not want to believe anything good about someone with more and journalists are not immune.

    @Michael – Heh, I envy you if you find it easy πŸ™‚ Shoemoney definitely seems to have the secret and it is an interesting blog to read.

    @Mike – It is amazing how many entrepreneurial people can talk about everything in business but money. Definitely seems to be a stumbling block people share. You are right, people don’t want to seem greedy or grasping.

    @Simonne – You have a healthy attitude I think, and seem blessed to always have what you need πŸ™‚ I have been similarly fortunate that something comes along to pay for unexpected bills

    @Jason – It’s a good way to look at it. I think I could go a few days without working πŸ˜‰

    @Matt – Oh yes, it all starts in the mind. When I look back over the last 10 years it seems while my standard of living (freedom, no boss, work I enjoy) has massively increased my income hasn’t had quite the same massive shift and I have to think it is down to my beliefs.

    @Forest – The key will be to not look at your blog as being the total source of income, can you use contacts, skills, knowledge etc and leverage that for income? Don’t just think of advertising, expand your awareness to other revenue.

    @David – Cool I will check it out

    @Josef – Excellent, I will give it a review πŸ™‚

  24. @Online Presence – glad you like it πŸ™‚

    @Matt – Agreed, if you don’t believe then you are anchoring yourself to failure

    @Jen – Yes as often is the case, bad stories sell more papers and get more TV viewers. Also jealousy causes people to not want to believe anything good about someone with more and journalists are not immune.

    @Michael – Heh, I envy you if you find it easy πŸ™‚ Shoemoney definitely seems to have the secret and it is an interesting blog to read.

    @Mike – It is amazing how many entrepreneurial people can talk about everything in business but money. Definitely seems to be a stumbling block people share. You are right, people don’t want to seem greedy or grasping.

    @Simonne – You have a healthy attitude I think, and seem blessed to always have what you need πŸ™‚ I have been similarly fortunate that something comes along to pay for unexpected bills

    @Jason – It’s a good way to look at it. I think I could go a few days without working πŸ˜‰

    @Matt – Oh yes, it all starts in the mind. When I look back over the last 10 years it seems while my standard of living (freedom, no boss, work I enjoy) has massively increased my income hasn’t had quite the same massive shift and I have to think it is down to my beliefs.

    @Forest – The key will be to not look at your blog as being the total source of income, can you use contacts, skills, knowledge etc and leverage that for income? Don’t just think of advertising, expand your awareness to other revenue.

    @David – Cool I will check it out

    @Josef – Excellent, I will give it a review πŸ™‚

  25. Another great post Chris,

    I think for me the biggest influence on my life when it comes to money and what I think about it, is my parents. They are the people that you learn from, and give you your first perception of money and how to feel about it.

    The best thing to do is to ignore anything you have been taught as you’ve grown up, and start again to learn about money for yourself. That way you will lose all the stereotypes and not feel guilty anymore. That’s what I have had to do and this article is a good starting place to help me along the way!

  26. Another great post Chris,

    I think for me the biggest influence on my life when it comes to money and what I think about it, is my parents. They are the people that you learn from, and give you your first perception of money and how to feel about it.

    The best thing to do is to ignore anything you have been taught as you’ve grown up, and start again to learn about money for yourself. That way you will lose all the stereotypes and not feel guilty anymore. That’s what I have had to do and this article is a good starting place to help me along the way!

  27. Mandy, that is easier said than done. It is extraordinarily difficult to see your own money behavior blind spots that are the result of how you were conditioned. And just because you can see some of them, it doesn’t mean they no longer hold power over you. In many ways, it’s like a smoker who knows he should quit but still smokes. And even when he finally tries to quit it takes many attempts before success is achieved. Dealing with your own financial psychology is like that. So, yeah, it’s “the best thing to do,” alright. Good luck! πŸ™‚

  28. Mandy, that is easier said than done. It is extraordinarily difficult to see your own money behavior blind spots that are the result of how you were conditioned. And just because you can see some of them, it doesn’t mean they no longer hold power over you. In many ways, it’s like a smoker who knows he should quit but still smokes. And even when he finally tries to quit it takes many attempts before success is achieved. Dealing with your own financial psychology is like that. So, yeah, it’s “the best thing to do,” alright. Good luck! πŸ™‚

  29. Yes, good point Michael!

    I have probably over simplified it a bit. But just recognizing some of my hang ups has helped me move on a lot, and it wasn’t simple. It’s an ongoing struggle through life, sorry I shouldn’t have been so dismissive.

  30. Yes, good point Michael!

    I have probably over simplified it a bit. But just recognizing some of my hang ups has helped me move on a lot, and it wasn’t simple. It’s an ongoing struggle through life, sorry I shouldn’t have been so dismissive.

  31. Rich People is Genius!
    I said so because they simply can own the wealth and some amount of money that most people cannot make in their life. They are so different!

    Every time I think I will be rich one day and different from others, I will laugh inside my heart. It nothing more happier that you can own something that people always dream at.

    Of course, I will leverage on my wealth too to help people. If not it will be meaningless to own so much money.

  32. Rich People is Genius!
    I said so because they simply can own the wealth and some amount of money that most people cannot make in their life. They are so different!

    Every time I think I will be rich one day and different from others, I will laugh inside my heart. It nothing more happier that you can own something that people always dream at.

    Of course, I will leverage on my wealth too to help people. If not it will be meaningless to own so much money.

  33. Chris – Great post! I’m in the middle of Timothy Ferriss’ “4 Hour Work Week”. For anyone who hasn’t heard of it and wants to change their perceptions about wealth, time and their life in general, I highly recommend it. He talks about how money is relative to your freedom and happiness.

    -Tim

  34. Chris – Great post! I’m in the middle of Timothy Ferriss’ “4 Hour Work Week”. For anyone who hasn’t heard of it and wants to change their perceptions about wealth, time and their life in general, I highly recommend it. He talks about how money is relative to your freedom and happiness.

    -Tim