What Is Your Belief System About Money ? A Challenge
What is your belief system about money ?
You may know that one of my favourite subjects to write about is financial intelligence in MLM Network Marketing. Financial intelligence is part of the overall idea of emotional intelligence.
Emotional intelligence means being able to control one’s emotions so that the emotions don’t take over our thinking and subsequently our behaviour and reactions in any given situation related to money.
It’s not about suppressing emotions but about controlling them. That’s a huge difference.
Consequently, financial intelligence means the ability of controlling our emotions with regard to money, be it excess of money or lack thereof.
The concept of delayed gratification is an essential pillar of financial intelligence.
I remember very well times when I lacked money and was completely desperate, times when I had more than enough money and was wasting it – even times when I had more than enough money and was afraid of losing it and not making enough money in the future.
Good luck, I learned (and am still learning) emotional control with regard to money.
MLM is a battlefield of financial intelligence (sorry, I need to say that)
So all the emotions around the subject of money are driven by fear and greed – and our financial belief system.
These emotions have nothing got to do if you are rich or poor. There are poor greedy people and rich greedy people. There are poor humble people and rich humble people.
Basically, the adequate belief system around the subject of money facilitates emotional control or makes it more difficult if it is inadequate.
So if you are struggling with money (or with the subject of money), it’s crucial for you to become aware of your financial belief system.
So I want to challenge you today with the following questions:
1. What are your beliefs about money regardless if they’re positive or negative ?
2. How do you handle them ?
3. Which beliefs serve, which ones block you ?
4. How could you turn around the negative beliefs about money so that they serve you ?
Feel free to answer through the channel that’s the most approbriate for you and we’re going to discuss the answers and trying to add some points of view to your current belief system.
As far as I’m concerned, I know plenty of them, especially beliefs that rather prevented me (past tense, good luck) from getting rich.
I’m going to share them too, of course. Same rules for everybody.
Please refer to “Beliefs About Money – Oliver Tausend’s experiences”.
I’m looking forward to your active participation in this challenge !
I asked a lot of questions today, so what is your opinion ?
I always love your feedback, so please leave me a comment down below with questions, thoughts, or feedback. And (yes, here’s my call to action) please share this post with your Twitter and Facebook friends by clicking on the share buttons below.
I appreciate you telling others.
To a prosperous life,
Oliver Tausend
+49 1512 9125216 office Germany & rest of the world (anytime)
+1 201 984 5664 office North America (anytime)
Skype ID: guernsey2016 (anytime)
wordpress@olivertausend.com
Download “Success in 10 steps”, my mentor’s free MLM ebook
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Hi Oliver,
Great topic.Our belief on money has a lot to do with our education. We were educated on a belief of scaricty and until we reeducate ourselves and start seeing money from the aspect of abundance, our belief and emotions on financial education would not change from the scaricty so greed would be part of our thinking.
[Reply]
Oliver Reply:
July 13th, 2010 at 16:59
Hi Kelvin,
thanks for your comment. I also think that believing in money being scarce is an obstacle on the way to riches and true wealth. It’s completey absurd regarding the trillions of dollars, pounds, euros, yens and franks orbiting the globe every day. There is rather an over-supply of money.
Cheers
Oliver
[Reply]
Hello Oliver
This is a great topic! I have just begun to work on my own attitude to MONEY -
I believe that my attitude towards money was influenced by a particular family member in a negative way – jealousy of people with more than we had etc. At the ripe old age of 61 I have become aware that I have been always “saving” when I didn’t need to, constantly needing to know what things cost and generally coming from a place of “scarcity”. I have turned my thinking around and now regard money as currency and that there is an infinite supply of money, so now I think of investing rather than spending. More work to do on this one!!! Thank you for the questions
[Reply]
Oliver Reply:
July 13th, 2010 at 17:02
Hi Anne,
thanks for your comment. Congratulations for your realization at the ripe age of 61. In tomorrow’s post I’m going to deal with the fact that we didn’t have any influence on our programmers in the moment of programming, but we did decide to maintain these beliefs and to never question them.
Cheers
Oliver
[Reply]
Twitter: prfuller
says:
Hey Oliver.
For me money is a tool. I am less concerned about accumulating money as I am about generating cash flow. Which explains why I do what I do
Peter Fuller MBA recently posted..Brand yourself online with your own “Nerve” Center
[Reply]
Oliver Reply:
July 13th, 2010 at 17:03
Hi Peter,
thanks for your comment. You are right: It’s all about generating passive cashflow. How I love that.
Cheers
Oliver
[Reply]
It is funny that you brought this up, many people beleive that money will make them happy or happier. I have to say that while having extra money is nice, it cannot replace many things. I worked almost 15 years in retail management and clocked 70+ hours a week, yes the salary was nice but I had no extra time. I had no time to spend with the wife, with friends and family, it was actually somewhat depressing. I currently now work from home and much happier, less stress and get to do what I want when I want.
Money cannot buy you happiness, doing what you want when you want brings you happines.
[Reply]
Oliver Reply:
July 13th, 2010 at 17:07
Hi Robert,
thanks for your comment. I heard the words:”Money alone doesn’t make you happy.” That is absolutely true. But it contributes to a happy and fulfilled life just like everything else does. Money and happiness ? Robert Kiyosaki says:”A happy person becomes happier with money, an unhappy person becomes unhappier with money.” So we need to become happy first !
Cheers
Oliver
[Reply]
Nice post Oliver! What I think is that money really doesn’t make someone happy. A person can be happy when he is poor or rich, and can be unhappy when he is poor or rich. Money is a tool. It’s how we use money that is important. My belief now, is I’m a Money Magnet, and I attract money to me everyday! Thanks Oliver!
Ding Neng recently posted..5 More Reasons Why You Should Blog For MLM Business
[Reply]
Oliver Reply:
July 13th, 2010 at 17:09
Hi Money Magnet
,
great attitude, thanks for your comment. I wrote it in the reply to Robert’s comment. I say with Robert Kiyosaki that money has the power to make you happier if you are a happy person, and it has the power to make you unhappier if you are an unhappy person. So we need to work on our happiness first.
Cheers
Oliver
[Reply]
Great post, Oliver! I think that the main thing that we have to do is see money as a tool, rather than the end-all-be-all of our existence. I have seen what happens when money becomes everything to people, and I think that the best way to counteract that is to have a spirit of generosity every step of the way.
Steve Nicholas recently posted..On the Comeback Trail
[Reply]
Oliver Reply:
July 13th, 2010 at 17:12
Hi Steve,
thanks for your comment. Yes, money is a means to an end and we need to decide if we want to something good or bad with it. Also the price to pay depends on that decision.
Cheers
Oliver
[Reply]
Twitter: AnaTrafficCafe
says:
Money, money, money… Being with or without is a constant challenge!
My belief on that is very simple: I believe that God gives me everything I have, whether little or much, and I try to treat it as such. Give and you shall receive – it’s been proven in my life again and again:).
Fear and greed are great motivators indeed; however, I contend that neither one of those will improve our lives one little bit.
Sorry to go so philosophical on you, Oliver, but the topic itself is not exactly cut and dry:).
Best,
Ana Hoffman
Ana | Traffic Generation Cafe recently posted..How Blogging Can Increase Your Lead Generation by 67
[Reply]
Oliver Reply:
July 13th, 2010 at 17:17
Hi Ana,
thanks for your philosophical comment, I love that ! Everybody has money problems, either with too much money or with not enough money. Well, I prefer having problems with too much money. I consider money as a tool of personal deveopment: How can I learn to overcome my “obsession” about money if I never had any ? I don’t know exactly what God has in mind with the subject of money, but I consider it possible that we all can make a lot of money, keep it, spend it, invest it etc. and that we need to work on ourselves to overcome greed, fear and obsession.
Cheers
Oliver
[Reply]
Money is a tool. Its what you can do with it that counts.
Great post Oliver!
Maria Eves
MLMTrainingbase
Maria Eves recently posted..Customer Value Definition
[Reply]
Maria Eves Reply:
July 13th, 2010 at 01:15
or should i have said WHAT YOU DO WITH IT that counts!!
Maria Eves recently posted..Customer Value Definition
[Reply]
Oliver Reply:
July 13th, 2010 at 17:20
…I would even add: The attitude with which you something counts. For example: You can donate a considerable amount of money with the attitude of arrogance, and you can donate the same amount of money with the attitude of generosity and gratitude. Do you see the difference ?
[Reply]
Richard Goutal Reply:
July 14th, 2010 at 05:44
Absolutely good point Oliver. Jesus told the story of the woman who gave her last penny (my translation of the currency) who was to be admired more than the showy arrogance of the person who was known to give a lot but after all had plenty left over. I happen to have this very topic on my mind as I just heard a new “guru” pontificate on the importance of being rich. In his view it is the rich who support charities. A poor person can’t do anything. Unfortunately, that is far from the truth. Most often the per centage of giving by lower middle class earners far exceeds the per centage of giving by wealthy earners. Obviously, there are notable exceptions, but anecdotal information does not change the facts.
Richard Goutal recently posted..A Startling Discovery While at the No Excuses Summit
Oliver Reply:
July 14th, 2010 at 09:49
Hi Richard,
thanks for your comment and sharing this great story. Christian sources and the bible are amazing. For a lot of reasons of course – but with regard to this subject because the advocates of being poor find their proves and the advocates of being rich find their proves either. Then there’s the famous Parabel of the Talents which leaves the judgement (or expressed more neutrally: the decision) completely to the reader. I had to think a lot about that and I concluded that we all have the right to decide. It’s not noble to be poor, and it isn’t noble to be rich. God’s love is unconditioned anyway. I would never say that a poor person can’t do anything.
Time is more important than money, so a poor person could donate his or her time for example. On the other hand, if people keep themselves in the Rat Race of changing their time against money, chances are they have nothing left to donate. As far as I’m concerned, I would rather donate a lot and keep a lot, honestly, for some practical reasons
. At the end of the day, I think it has nothing got to do with absolute $ or € amount, but with the attitude. You can donate a certain amount of money either with the attitude of arrogance or with the attitude of gratitude.
I know a couple of people who donate a lot of their spare time to our primary school and to our kindergarten. But they work with “corporate elbows” even as volunteers, if you know what I mean. They’re intriguing, for example so it’s hard to find folks outside the “hard core circle” to help at events etc.
In the moment of writing I realize that this is really a deep deep subject !
Have a blessed day
Oliver
Oliver Reply:
July 13th, 2010 at 17:18
Hi Maria,
thanks for your comment. I also think that money is a tool. You can kill someone with a knife, and you can cut bread with it.
Cheers
Oliver
[Reply]
Twitter: dianeaksten
says:
Oliver: Interesting blog post; even more interesting comments!!
Money can be a dangerous thing in the wrong hands and can certainly lead to greed…however, money used wisely has the capacity to do some incredible things.
From that great philosopher, Groucho Marx: “Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy.”
Seriously, I do agree with many of you who say money does not buy happiness; true happiness comes from within and yes, Peter, money really is just a tool.
[Reply]
Oliver Reply:
July 13th, 2010 at 17:24
Hi Diane,
Thanks for sharing that.
thanks for your comment and for summarizing some of my reader’s comments. Discussion and exchange, that’s what it’s all about. I didn’t know that Groucho Marx said that about money, seems that I still have been too modest
Cheers
Oliver
[Reply]
Twitter: marcus_baker
says:
Hi Oliver,
Awesome topic and one that is very close to my heart. I struggled with beliefs about money that did not serve me and I had to do a lot of work to change these. It is very worthwhile to do this especially if one is finding it difficult to attract abundance into one’s life.
~Marcus
Marcus Baker recently posted..See How Easily You Can Target Your Network Marketing Internet Business
[Reply]
Oliver Reply:
July 13th, 2010 at 17:29
Hi Marcus,
thanks for your comment. You are right: It’s absolutely worth the effort and even the pain that is involved, at least for me.
Cheers
Oliver
[Reply]
Twitter: MavisNong
says:
Interesting topic, Oliver! The adage “Money is the root of all evil”, comes to mind!
Some people have indeed developed an obsession for money and some have reaped tragic consequences. When managed properly however, money can be a very useful tool and can give you the freedom to pursue the important things in life.
It’s important to keep money in its place and don’t allow greed to throw you off balance.
All the best,
Mavis Nong
[Reply]
Oliver Reply:
July 14th, 2010 at 10:19
Hi Mavis,
thanks for your comment. The “Money is the root of all evil”-thing is a true classic. Hardly anybody knows that it reads “The LOVE of money is the root of all evil.” So if it becomes an obsession, that might be a concern. So I fully agree with you. Come back soon.
Cheers
Oliver
[Reply]
WOW Oliver, you certainly hit the nail on the head with this topic! Some great comments too…
Our “money beliefs” certainly DO play a role in how we succeed or fail in our handling of the money in our lives, not to mention it influences whether we have money abundance or not.
Society, our parents, our teachers are quick to say “Money doesn’t grow on trees”, “Money is the root of all evil” & “Do you think I’m made of money” all of which come from a point of scarcity.
By the time we are in the market to start earning our own money, our beliefs are so skewed we will always find it very difficult to change them.
But, the reality is…we can – if we try hard enough!
[Reply]
Oliver Reply:
July 14th, 2010 at 23:11
Hi Michael,
thanks for your comment, Yes, we can absolutely. If we don’t do it, we will have to pay a price that’s much higher than we ever expected.
Take care
Oliver
[Reply]
Great topic Oliver! This is one of my favorite subjects. A while back I realized that my ideas surrounding money came from my parents and could be changed! What a relief it has been to get rid of beliefs that do not serve me!
I’m glad you are sharing this important topic with people!
[Reply]
[...] 1 What Are Your Beliefs About Money ? A Challenge Part 2 Beliefs About Money – Oliver Tausend’s Experiences Part 3 My Beliefs About Money – How [...]
Seems that when people are desperate about something (money in this case) they are blocked to think, feel and do the right things to actually get it..Its all connected with personal development – many people are unable to be successful maybe cause they are subconsciously not ready yet to deal with a lot of money and everything that money can get them !
As for me, my beliefs about money are positive and kinda normal – I know what to do to make a solid base for my income flow and I am doing it!
Thanks for this deep subject Oliver, you are great!
[Reply]
Oliver Reply:
July 17th, 2010 at 17:47
Hi Milena,
I agree: Most people don’t have the maturity yet to deal with abundance of money, I was like that in the past. Keep on doing what you consider successful for you and don’t anyone interfer.
thanks for your comment and your praise, I’m honoured. I got really great comments from great folks on these post
Take care
Oliver
[Reply]
Financial intelligence is very important. As a matter of fact I was reading that a person who has the characteristic of delayed gratification usually turns out to be more successful than those that “need” instant gratification.
Also there are so many false beliefs about money and people with money that hinders us from achieving financial success. so what do you have to do in order to achieve financial success that you only dream of? Recondition yourself to rid those false beliefs.
By the way, I’m working on my German. There’s a guy at my job that speaks German and he’s teaching me little phrases. Hopefully we’ll be able to have a good conversation in German next year. until then, guten nochst
Sherman
sherman smith recently posted..WORDS YOU CAN USE TO REALLY ATTRACT PROSPECTS
[Reply]
Oliver Reply:
November 20th, 2010 at 01:51
Hi Sherman,
hey awesome, you are learning German mein Freund = my friend
Keep me posted how it goes..
You are right about everything you write about delayed gratification – lack of being able to delay gratification gets people to quit.
Thanks for your comment.
Take care
Oliver
[Reply]
Hey Oli,
indeed, money is a very crucial part of our
daily performance, and thank goodness
every skill is developed through good time
management, so is the “money skill”
in our industry.
I think that you can read a thousand books,
on how to manage your money, but I learned
the most from personal experiences and how
I lost it in the past.
Definitely, learned lots from books on how
to manage it, although the fine line comes
from what you experienced in your past, and sometimes
it hurt
All the best,
Gerald
[Reply]
Oliver Reply:
November 28th, 2010 at 00:32
Hi Gerald,
the best way to learn is to learn from other people’s mistakes, people who were so kind to makes their mistakes for us.
I can’t afford – and I don’t want – to make all mistakes by my own.
Thanks for your comment.
Take care
Oliver
[Reply]
Hi Oliver
I enjoyed your post as always and also enjoyed the comments here. As you know I was fortunate to work with Robert Kiyosaki over many years. I grew up with limiting “E” beliefs. After becoming a CPA I moved to the S quadrant. Meeting Robert took me on another journey. I have been blessed to work with some of the best teachers on this subject but even how there are times I catch myself with a thought I could do without
It is such a big topic. I think to some extent money can be a catalyst for personal growth. I know over the years I was selling Robert Kiyosaki seminars here in Oz people came to a 3 day workshop to learn to be wealthy and commenced on a whole journey of working on themselves.
Great topic Oliver
Sue
Sue Price recently posted..Outsourcing Strategies
[Reply]
Oliver Reply:
November 29th, 2010 at 12:48
Hi Sue,
thanks for your appreciative comment. The toughest path is certainly the path of an S, I think S’s have to swallow more frogs than E’s. Once an E has been able to accept that there are no safe and secure jobs anyway, they are already a huge step ahead. The S finds a lot of security in themselves, it’s probably harder to let go of this one.
Take care
Oliver
[Reply]
Hi Oliver, Great post, might I add, You can either get caught up in the task of working to make money or you can enjoy the task of making money work for you.
I have found that when I educate people on how to manage what they have got and understand the principles of our money system they instinctively get it and in turn begin having fun with money.
Money has a duality in our society, so many want it, yet so many hate what it represents. Emotionally that creates inner turmoil in us and causes people to do some very strange things when it comes to getting more money.
Thanks Oliver, have a great day
Dan
Dan Brooks recently posted..No Wonder We Have So Much Diabetes
[Reply]
Oliver Reply:
November 29th, 2010 at 23:15
Hi Dan,
I like it how you break it down: Money has a duality in our society, and this creates inner turmoil. I can totally relate to that.
I learned to see money as what it is: Money is just money, it’s just an idea.
Thanks for your appreciative comment.
Take care
Oliver
[Reply]
Hey Oliver
I really enjoyed this post and was inspired by it. I was the victim of ‘Growing Up In A Typical Middle Class Family’, whose beliefs about money was that it was scarce and something you had to work very hard for and very easy to lose. The only way to stay ahead according to my parents was to not spend too much and be prepared for the ‘inevitable’ rainy day. Now I look back on it, I realise what a load of bollocks that is and have set out trying to make money my friend and not my enemy. I have to say that I have had some success but am still working diligently at it every day. It’s amazing how prevalent this belief is though and how hard it can be to fight against it. Well done to everybody who has had some success with their online businesses. I am always inspired by people who can do this and try to learn as much as possible from you every day.
Linda Paull recently posted..Some Fascinating Books on the Law of Attraction
[Reply]
Oliver Reply:
December 1st, 2010 at 00:31
Hi Linda,
oh yes, I can relate to that. It was all about having “enough”, but there’s no such thing as “enough” money. You have either not enough or more than enough. See money as your enemy and you will be on the “not enough”-side of the fence.
Thanks for being so open – and congratulations to your mindset changes. Seems you’re right on track.
Take care
Oliver
[Reply]
Twitter: stephensheather
says:
HI Oliver,
Money’s one of those weird things for me. Overall I think my mindset on money is not the best, but it’s definitely getting better. I believe that the ones that serve me are the feelings and beliefs that I will always have enough, but I also wonder if that limits me to just having enough? I think that I need to change that belief to having more than enough so that I can give to others abundantly.
Great post!
Heather
Heather C Stephens recently posted..Making Self Discipline Fun- Easy- and Automatic
[Reply]
Oliver Reply:
December 1st, 2010 at 00:20
Hi Heather,
thanks for your open and honest comment. There’s no such thing as “enough” money, either more than enough or not enough. Aiming at having enough money leads to not enough money. We will always be bouncing back and forth.
So to answer your question: I think it is limiting, yes.
Having more than enough, great goal.
Take care
Oliver
[Reply]
Good Question? recent I ask some people, what`s Most Important in “Life” someone say ” Air” someone say” water” well! what do you think? Remember” We make a living by what we get, but we make a life by what we give,” we know money can`t bring with, nut without money can`t to nothing even can`t make GHOSTS go.
Money is business persons BLOOD, WITHOUT BLOOD WE ALL DDDD……….
Henry Hwang
[Reply]
Oliver Reply:
February 7th, 2011 at 18:34
Hi Henry,
thanks for your comment. We can be poor and happy and we can be rich and happy. Neither poverty nor riches automatically guarantee happiness. I chose to be rich and happy.
Take care
Oliver
[Reply]
Hi Oliver,
I am really working on my own subconscious beliefs about money. It’s interesting to see the awareness about this raise so quickly, as illustrated by all of the comments.
I have very ingrained beliefs about money from my parents. It’s one thing to recognize them, it’s another to rid myself of them!
But fortunately I met Rebecca, and even though I still feel silly doing it, will use EFT in moments where I catch myself feeling bad about myself/situation in regard to money (or any other matter, really).
I am still amazed at how simple and effective a technique it is. Best to you, and thanks for the great content.
~Liz
Elizabeth Snyder recently posted..Monopoly- Money & Magic- Oh my!
[Reply]
Oliver Reply:
February 7th, 2011 at 18:32
Hi Elizabeth,
thanks for your appreciative and thoughtful comment. Rebecca truly helped me when I needed it badly because I had so much tension and pressure stored in my body.
As a matter of fact, our false beliefs about money are stored in our subconscious mind – that’s why we are not aware why we sabotage ourselves, like I formerly did.
I also wish you the best for your life and business !
Take care
Oliver
[Reply]
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