Hello, its Mr. Newbeginning

Today I am going to share something I came across on the internet.. and it is very important that those who want to make in life or those who have already made it in life go through this..

What I do is impact in people as well as impact in myself, by helping people reach heights and set goals for themselves which they are once afraid to set..

Here are the 12 mental money traps you must never fall for

1. "I just want enough to be comfortable."

At the core of the middle class is some idea that they can somehow find this place of comfort, which becomes a compromise for any possibility of financial freedom. Consider that a significant number of people save little money for retirement. This has caused masses of people to be unable to quit working at retirement age, because they are without enough money to take care of themselves during economic contractions.

Nigerians ladies say this a lot, although I have come across a man on nairaland who told me that he is humble and doesn't want much, but just to be comfortable.. I hope he can read this and go back on that conviction which he chooses to hold on to.

2. "I need to make money."

It’s actually against the law to make money -- that is the job of the government, which over the last decade has been more and more willing to manufacture money in unjustified amounts. This idea -- that you need to make money to have it -- limits you to believing you must trade time for money. Quit thinking about making money and think in terms of collecting it. When you trade something of value with the public you will get money in return.

3. "Bigger isn’t better."

Wrong. Bigger is better and more is glory. Quit thinking little. The best companies in the world are big. Staying small takes a lot of energy. I talk about this in The 10X Rule -- go 10 times bigger than you think is necessary. It’s more fun and it gives you a better chance of succeeding.

Over the last 12 months I have interviewed more than 50 very successful entrepreneurs that run million-dollar companies to $100 million companies that started with nothing. Almost every one of them shared with me that their biggest regret was not thinking bigger from the beginning.

4. "More money, more problems."

This is simply an idea that those without money use to justify having less and being broke. If more money is more problems, then bring on the problems, because I tried being broke and that was more than just a problem. Quit trying to make rich ugly -- it’s not.

The truth is the more money you have, the more control and choices you have over every aspect of your life. If you are sitting in a first class seat, it doesn’t mean you won’t have a drunk sitting next to you. Buying your own jet allows you to control who gets on it, but now you have to hire two pilots, a mechanic and feed the airplane. More money means new problems, not more problems.

5. "It takes money to make money."

The reality is more than three quarters of all millionaires today are first generation millionaires. That means that ordinary people got rich because they had the courage to follow up on their ideas.

The phrase, "it takes money to make money" is completely incorrect. It takes money to make more money. While later in life the rich use their money to create wealth, in the beginning stages it only takes courage and persistence to create money. This belief that you first need money makes you a victim and gives you no way out.

I started with no money, in fact, I was in debt. At the age of 25 I was broke, by the time I was 35 I was in a position to never be broke again.

Nigerians say this a lot, and that is why we have many aspiring entrepreneurs sitting in other companies today and working their heads off just to make a penny. I believe great ideas are to be invested upon and if you believe that your idea is so great that it can be converted into a business and then into profit.. then you can meet with investors for startup fund (capital). Instead of going for low grade jobs to keep yourself for the moment.

6. "Money doesn't grow on trees."

The person that commonly throws this phrase around is suggesting money is limited and scarce. There is something near $134,000,000,000,000 (trillion) on this planet -- most of which is merely represented by digits in bank accounts, investing accounts and the like. The only shortage of money on this planet is in the mind of those that don’t have money.

Like I normally say there is money everywhere.. During the recession, there were a lot of parties, thrown and a lot of beers consumed, a lot of brothels visited and a lot of school fees paid... There is money everywhere.

7. "Another day, another dollar."
The job force of America is trading time for money every day. Is your time worth $10 an hour or $50 an hour? The reality is no matter how much you get you are still selling time and you only have so much of it. Although in Nigeria it is a different case as services are being traded for money.

The rich exchange dollars for time because they know time is more valuable than money. Unwilling to trade money, the average person believes the only way to make more money is to work more hours. Big money requires thinking about money without time considerations -- think broad money.

8. "Money is the root of all evil."

The actual saying is "the love of money is the root of all evil.” It has been passed down inaccurately and become misunderstood that money is somehow evil. Rich is right, not wrong. Bill Gates told a college class, “if you are born poor it’s not your fault, if you stay poor it is.”

I believe it is evil to not be able to provide for my family, fund my church, take a trip, grow my business and feed my dreams.

Like the Bible said a man who cannot provide for his family is worse than an ....... (complete it yourself)

9. "A penny saved is a penny earned."

Believe this and you will never have financial freedom. A penny saved is a penny and if you spend your life thinking about pennies you will never create financial freedom. Saving in itself is not bad, but the masses are so focused on saving they never advance their money. No one ever got rich saving mone, they just got old.

10. "Money can't buy you happiness."

I never met a rich person that was trying to get happy while they were trying to get rich -- they have nothing to do with one another. In fact, my entire life I have not been seeking happiness. I have been seeking a meaningful life where I am free to do what I want to do and what I love the most.

I know happy and unhappy people. My wife is the happiest person I know and is happy regardless of how much money she has. I assure you she still likes having the freedom to spend money without constant worry. There is no way money can make you happy or unhappy -- it’s just money.

If you are a self-servicer, then you will be a self-servicer with or without money. If you are going to be unhappy, don’t be broke too.

This goes to mostly the ladies who are just looking to be comfortable (cc: laveda) get married and thats all..

11. "A penny for your thoughts."

This is the kind of damaging, freely thrown-around idea that shows how little people value their time and money. I own four businesses. They all started with ideas and were followed up with actions. The guy that created velcro, the founder of Starbucks, Ted Turner of CNN, Henry Ford and the likes all had ideas and they didn’t trade them for pennies.

Quit thinking about pennies and quit demeaning your ideas. Your possibilities are limited only by thoughts, ideas and actions.

12. "Rich people are selfish."

I must be honest, I have been selfish at times in my life so that I would never have to depend on anyone financially. My dad died when I was 10 and left my mom with just enough money to get her three boys fed, clothed and educated. She had to be a bit selfish so that she could take care of us.

It takes a bit of selfishness and self-esteem to prioritize taking care of yourself and creating financial freedom so that you don’t become a problem for others. If you don’t think enough of your own finances how are you ever going to make the difficult decisions and necessary choices for your spouse, children, community, and your future?

You better get somewhat selfish until you have something to share -- whether it is opportunity, money or wisdom. I'm sick of people saying, “If I had his money I would help so many people,” but they can’t help anyone financially, because they never focused on their own finances. They then live a life talking about what they would do, and not what they can do.

The fact is if you are already rich, you need to up your game and start thinking the way the super wealthy do. If not, maybe it's time to change the way you think about money.

Any rich person will tell you anyone can get rich. Any wealthy person will tell you the same. Get rid of the mental money traps and get your friends, family and associates on the same page with you. Remember, you are surrounded by limited thinking -- 76 percent of Nigerians live paycheck to paycheck. It seems like a bunch of people have the wrong information.

This article was written by Grant Cardone (International Sales Expert)
and edited by Mr. Newbeginning

Remember you can follow me for more updates (don't worry I will follow you back)

Shout-out to these people

Deejay1000, Equal2DeTask, DavidDplaymaker, jworos, Epositive, Shiitposter

Incase, but don't worry, it's not snake, Dino, Otobo or Tonto, so Lala no get your time.

DrObum:
Incase, but don't worry, it's not snake, Dino, Otobo or Tonto, so Lala no get your time.

Thank you.. and Goodbye

benzene00:

I must make money ...
I see money where most people don't see money ...

thanks for the mention , another masterpiece!

highscript:
I must make money ...
I see money where most people don't see money ...

Thats means you have the ideology...

The ideology is what made the rich who they are today and it is the reason why they are still reach today.. Now you need to go one step further on the ideology

Epositive:
thanks for the mention , another masterpiece!

Thank you for allowing me to impact in you

Newbeginnings:

Thank you for allowing me to impact in you

are you bragging or what

Newbeginnings:


Thats means you have the ideology...

The ideology is what made the rich who they are today and it is the reason why they are still reach today.. Now you need to go one step further on the ideology

thanks bro

Epositive:

are you bragging or what

hahaha, about what?? Grant impacted in me by writing this article.. by editing it and sharing it I am impacting in you and other people.. If you share it or tell someone about it you are impacting in others too..

So because you read and accepted the article.. I said thank you for allowing me to impact in you..

Hope you understand now?

Newbeginnings:

what?

Newbeginnings:
Shout-out to these people

Deejay1000, Equal2DeTask, DavidDplaymaker, jworos, Epositive, Shiitposter

my boss i salute thee

thanks for the mention boss

I swear i didn't read it..but I'll come back for it

Very make sense..

Equal2DeTask:
my boss i salute thee

Chairman.... How are you doing?

Deejay1000:
thanks for the mention boss

Thank you for reading

Newbeginnings:
Shout-out to these people

Deejay1000, Equal2DeTask, DavidDplaymaker, jworos, Epositive, Shiitposter

Awesome write up.

Number 5 really made me think.
Thanks for mention OP

This has been informative

op so u've been following this rules, right? now where's ur fucking_ Bugatti?

Newbeginnings:

Chairman.... How are you doing?

very well sir..