What's Your Belief about Money?

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Avatar for PatsKy8135
3 years ago

There is so much to educate when it comes to money. For many people, this is their end goal. Accumulation of it for their attributes and for whatever purpose it may serve them so much so that it is a driving force of many on why we would want to have more money.

Roger Ver in one of his interviews said money is not everything but it can definitely give you a lot of OPTIONS, so in line with his wisdom if you would ask yourself, what option do you have given the abundance of money?

Some of the things that I found disconcerting are the following.

  • Self-Sabotage about One's Belief on Money!

From the documentary film entitled, "The Millionaire Project; New Documentary about Achieving Financial Freedom", Dr. Joe Vital, Best Selling Author, Speaker, and Success Coach said that sharing what is most comfortable for you and where you take inspiration from GIVING opens the window of abundance and not from a scarcity mindset. He mentioned how an ACT of Giving even before if you're not ready to give as he shared his experience being homeless once in his life, reinforced your mindset into more wealth. His emphasis on giving money to be able to receive money from the abundance mindset is so empowering if we don't hold back subconsciously, if we don't have conflicting ideas.

I knew of a friend back in Doha and even from my country who always has the habit of saying she doesn't have money especially when it comes to investing more in her Personal Growth needless to say an investment for a good business venture, takes an excuse most of the time, only to find out that she managed to buy the latest gadgets.

Another instance of self-sabotaging on our beliefs about money and when it comes to our Personal Finances is the idea of buying health insurance. The book,

"The Secret to Saving and Building Your Future ( Become Your Own Financial Advisor) accentuated more on how important to secure our health care, as much as possible make it our topmost priority. We have no right to invest should we failed to set aside an amount of money for our healthcare per se.

Had I not mentioned many times from my posts that hospitalization bills could kill? Daily hospital costs would range 10k or more back when my papa was hospitalized. Considered Health Insurance as protection or an umbrella to safeguard your investments when health issues are recurring, so whenever you have a stable and good source of income, buy your family health insurance. The more you would have peace of mind when the time comes.

  • So what I can suggest is, Transform into Self-Care instead!

From a general perspective, Tom Corley, a Best Selling Author, Speaker, and Media Contributor of the aforementioned documentary film, shared that the healthier a person is, the more productive one can become.

Based on his studies, engaging daily for self-improvement was very critical as much as 88% of self-made millionaires engaged in self-education by reading and learning new things much more in becoming themselves HEALTHY as they could ever be.

The significance of being healthy is next to being wealthy hence we read many times that "health is wealth!

I have learned from my experiences with money that the more I share it to those who inspired me and gave to whom I think needed it the most, in the first place, I felt good, and subconsciously I opened up more opportunities to create more Wealth Abundance.

*First and foremost FEEL GOOD about it and Be Inspired!

  • Self-Doubt on the Authentic Cause of Bitcoin Cash and not merely being Hyped!

Money is everywhere in the crypto sphere!. This is a fact! There is so much money involved when we deal with cryptocurrency that the whales are the ones playing the games mostly, however, if we truly practice authenticity on the Cause of the Coin, we would never have fraction and division.

One of the most promising features of Bitcoin Cash that everybody could relate despite the trend of the market is its easier conversion to fiat should you blog here on ReadCash for example. Apart from the transaction fees that we mostly have nightmares when sending money unlike other cryptocurrencies, Bitcoin Cash, on the other hand, makes it so handy and affordable to do so. When I say "easier conversion" I meant to say sending it to your wallet without the need to send it first to other exchanges to avoid higher transaction fees. So simple and easy that even newbies would understand how to do the transaction even if they're not much into crypto.

Hence take into account the thought of transforming unto Self- Confidence somehow!

Based on my further readings and research on the authenticity of BCH's cause, Generosity plays a pivotal role. Microtipping back at Memo and at Noisecash are an edge over other cryptocurrencies that my friends found it so amazing at how crypto changed their mindset especially Bitcoin Cash thinking it is real money that they used as a mode of payment for online purchases.

Their initial belief that crypto is a scam is swapped for more possibilities of growing their income especially so that they are mostly merchants.

The Entrepreneurial effect of this pandemic creates more opportunities to those who are opt for the challenge.

  • Self-Deficient on One's perspective about Money!

Some people who are not in tune on how to grow their finances would end up having a deficiency in it. Are you familiar with the rat race of working overseas? You earn good enough money yet at the end of the month, still, it's not sufficient for your needs? Worst case scenario you are in debt!

I have met so many of my fellow Filipino Overseas Workers who always borrowed money because the amount they have sent was not enough for their families.

There's so much to overhaul with their finances. So why not transform into Self-Sufficient, be more abreast, be more resourceful to learn how to be financially literate?

What's the Rationale?

I have been living and working overseas for nine years now and the cultures (Arabian Peninsula vs. Island Living) that I had been exposed to are extreme. There was a point that I thought money grew on trees for as long as I am working, I am assured of my future, yet it occurred to me that there's no such thing as lifetime employment.

The good thing before it's too late, I had changed my belief towards money into a more meaningful way. Reading books about Personal Finance, investing for my retirement at least the rule of the thumb is to put 10% of it on a vehicle that would give me 13% annual rate of dividends for example, (referred to my cash dividend for an instance back in 2019 on my shares from Metrobank).

I am more in tune with my core belief of money when used wisely would save me from further financial mishaps in the long run.

If you have a wrong belief about money which goes with the cliche, that it is the root of all evil, then perhaps you need to check the voice within your WHY's of earning

  • Is it to give to the foundation which inspired you to earn more so you could help more?

    or...

  • Is it for your immediate family which depicts your generosity as the saying goes, "charity begins at home"?

badges earned by the author and property of Uptrennd University!
  • Let's connect via cointr.ee

  • Some images used in this post are from Pexels edited via Canva while BCH payment was a screenshot I took from my previous transaction

#SHOUTOUT to my sponsors for their generosity and quality posts as always!

Let's support Bitworkerss

Here's a good review about Read.Cash

if we could print our own money, the better for the economy!

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3 years ago

Comments

Hndi talaga kailangan ng pera ng mga taong simula pag kabata nila hindi sila na mromroblema about that. Pero Kung sino man po ang hindi masaya sa pera nila pwde ibigay niyo nalang saakin? Nangangailangan lang po. HAHAHAHA joke.

$ 0.00
3 years ago

Money is something very important ,beyond our basic needs ,especially now a days ang mahal ng bilihin ,grabe yung 1000 pesos mo kunti lang mabibili.

$ 0.00
3 years ago

Money doesn't make happiness, but it helps. Nowadays, financial education is a necessity, and most people don't have it.

$ 0.02
3 years ago

they failed to see the importance on how to earn money rather than just simply earning it by mere employment. What I'm saying is that, Financial Education is taken for granted without even considering that it's like our passport towards success.

$ 0.00
3 years ago

Although we can't buy happiness with money but to live our life peacefully in this world and fulfil the basic needs,its the most important thing. But we should not rely on the money we are holding in our banks,instead should find more opportunities to make it more for rainy days.

$ 0.02
3 years ago

in line with his wisdom if you would ask yourself, what option do you have given the abundance of money?

There are problems money can't solve, but it is human relations and the correct approach that can.

This doesn't mean we shouldn't pursue money. Our living conditions improve together with our wealth.We look for opportunities to invest our money and multiply them.

We invest because we know the money in the bank will lose its value eventually. Every ten or twenty years the money in our bank worths less than half. We invest and try to multiply our money above the inflation level. Sadly many don't understand the problem is holding the money and doing nothing with it.

$ 0.10
3 years ago

I love when you say that we invest so that the money we have would be able to beat inflation somehow. Unfortunately there are still a lot of people who are not inclined into this basic thought of money because they are so blinded with the cliche that it is the root of all evil.

They only understood the value of "investment" per se when they realized that the money they had in the bank didn't even made a good return of percentage. There is so much into having "wealth" that we can actually make our world a better place.

Personally I invest my hard earned money not solely because of preparation for my retirement but more so of those little children I have seen in my country who hardly being fed, through the foundation they are in, my small contribution creates great impact.

As our mentors at the Truly Rich Club said, "create more blessings so we can bless others the most! Great day ahead @Pantera! Thanks for sharing your thoughts. Be blessed as always

$ 0.00
3 years ago

Money, it's hard to earn, but it's easy to spend. In other words, you must learn how to invest and to earn money thrice, before spending it once.

$ 0.02
3 years ago

As I have been taught, money is the root of evil. As I mature, it changed into something that cannot cause a ruckus. Money teaches us how to be responsible and how we should work hard for us to have plenty of it.

$ 0.03
3 years ago

Having a good mindset towards money can make someone more wealthy not materially but as an individual. Mostly of the renowned speakers I had listened would always say that those who claimed money is the root of all evil do not have money at all.

$ 0.00
3 years ago

True. It's like an excuse for someone who wants to live an easy life.

$ 0.00
3 years ago

That's what my grandma always says, money doesn't grow on trees meaning we must work hard for it in order for us to be financially viable at all times.

$ 0.02
3 years ago

yeah we have to work to earn money so we could pay our bills and any other needs however it is more feasible to invest it so that it could work for us in the long run dear. Glad to have you dropping by. Great Day ahead.

$ 0.00
3 years ago

Money can destroy you or can raise you up. In different way how you treat your self and handle the that is on your hand, its cause bad or good.

$ 0.01
3 years ago

money can create an impact if we would learn how to make most of it. Sadly the world today and how people think about money is only for personal hidden agenda, atleast for some!

$ 0.00
3 years ago

For me? How? It works? Money? , In my opinion can create some of explosive massive event. How? Like what will happened today we have a situation that can’t handle by money, what is it? Its the phenomenon pandemic issue so how would money effect the pandemic or how pandemic effect the money? Can you answer? Before I give my fully verification

$ 0.00
3 years ago

There have always been values that cannot be bought with money, but money has somehow opened every door. Anyone who does not value money today is either already rich or lying.

$ 0.03
3 years ago

Given an abundance of money somehow gives someone an authority over things. There are those who are truly privilege and filthy rich yet our mentors would always advised us to be "truly rich" so that the money we earn can bless someone in a deeper perspective. Great day ahead @foryoubtc

$ 0.00
3 years ago