Money 01 (Sep 08 - Mar 10)

[winston]

On Value:-

David: It is better to live right and be poor than to be sinful and rich.

Psalm 37:16


Source: Life Changing Words

[winston]

The subject of money is really two subjects:
(1) money, plenty of money, and
(2) absence of money, not nearly enough money.

Often people assume that because they are speaking the words "I want more money," they are speaking positively about money.

When you are feeling fear or discomfort as you speak, you are not speaking of the subject of money, you are speaking of the subject of not enough money.

And the difference is very important, because the first statement brings money and the second holds it away.

--- Abraham

Excerpted from the book "Money and the Law of Attraction: Learning to Attract Health, Wealth and Happiness" #282

Source: abraham-hicks.com

[winston]

"There is nothing more demoralizing than a small but adequate income."

Edmund Wilson

[mojo_]

6 PRINCIPLES OF LIFE

No point using limited life to chase unlimited money.

No point earning so much money you cannot live to spend it.

Money is not yours until you spend it.

When you are young, you use your health to chase your wealth; when you are old, you use your wealth to buy back your health. Difference is that, it is too late.

How happy a man is, is not how much he has but how little he needs.

No point working so hard to provide for the people you have no time to spend with.

[winston]

Money is a result, not a cause

One business acquaintance of mine put it this way: "Money is a result, not a cause. If you get into business solely for the money, chances are you will never be great at what you're doing."

That's why so many people fail at network-marketing businesses. They're attracted by the promise of big profits, but then they realize they have to sell soap or vitamins or lotions or whatever, and don't want to do that. Get into a business that you like, learn it thoroughly, and do it right. The money will come automatically.

I've heard the same thing said by professional athletes. The guys who do it right -- who have long careers -- think in terms of long-term success. They are always practicing to improve their game. They are always interested in learning new skills. They are happy to make as much money as they can, but they know that their lifetime wealth depends on how many years of income they can enjoy, not on how much money they can make in any single year.

Michael Jordan is a great example. Tiger Woods, until just recently, was too. And you'd have to include Agassi and the Williams sisters in that group. There are many athletes who have a short streak of high earnings, but only a handful who enjoy long, profitable careers.

In the world of entertainment, I think of Oprah Winfrey and Howard Stern (an unlikely pairing, I grant you). And Johnny Carson and David Letterman.

These wealth builders must have put "making lots of money" on top of their priority lists, but they think in terms of the long run, and they constantly strive to be better at what they do.

They work tirelessly because they want to be the best. And in being the best, they earn amazing amounts of money. The money is the result, not the cause.

The moral of the story (if you don't mind hearing it from a reformed sinner) is that money isn't the root of all evil, but the love of money is. Don't love money. Love the idea of building a good business that will last.

Love the good that your business does -- the value it brings to your customers and the quality of life it affords your employees.

Cherish the unsolicited testimonials you get from your customers, your vendors, and your subcontractors.

Enjoy the thought that one day you may be able to hand over your business to a child or grandchild or a protege you love.

See money for what it is -- a neutral indicator of how good your business is at doing what it does, at fulfilling the promises it makes and keeping its customers engaged. If the value you provide is worth the money you get for it, people will buy what you're selling. The better the value you give, the more money you will get.

Source; ETR

[millionairemind]

Jan 10, 2010
What price happiness?
By Irene Tham
ARE Singaporeans happier when they have lots more money?

A study shows that people who have a university or postgraduate qualification and earn $5,000 or more a month are the happiest.

But they are also dissatisfied with their achievements and enjoy life the least, compared with those who are less well-off.

Indeed, it is the Singaporeans earning less than $2,000 a month who enjoy life the most, concluded the three academics behind the study.

Senior lecturer Tambyah Siok Kuan, associate professor Tan Soo Jiuan and professorial fellow Kau Ah Keng - all from the National University of Singapore Business School - presented their findings in a book, The Wellbeing Of Singaporeans, which came out recently.

The survey in 2006 polled more than 1,000 people, aged 20 to 69.

[winston]

Money can buy SOME Happiness

[millionairemind]

Money can buy SOME Happiness

haha... this I agree... to a certain extent.

From what I have read thus far on human psychology (one of my favorite topics, the other being economics) , we are most happy when we live in neighborhoods that have neighbors who earn less than what we do. I remember reading this study about ppe. who earn $50K/yr being reported as being more happy if they are surrounded by neighbors that make 40K/yr but more unhappy if they are surrounded by neighbors making 100K/yr.

That is the reason I was not surprised to read that those who earn more than 5K reported less satisfaction with their lives, cos' they are comparing with the wrong group of ppe.

[winston]

How To Be A Billionaire by Shaun Rein

Research reveals three qualities common to people who build great fortunes.

The first secret of the truly rich is that they are never afraid to fail.

The second secret of the truly rich is that they look creatively at problems to find new revenue sources.

The third secret of the truly rich is that they marry well.

http://www.forbes.com/2010/02/17/billio ... -rein.html

[la papillion]

haha... this I agree... to a certain extent.

From what I have read thus far on human psychology (one of my favorite topics, the other being economics) , we are most happy when we live in neighborhoods that have neighbors who earn less than what we do. I remember reading this study about ppe. who earn $50K/yr being reported as being more happy if they are surrounded by neighbors that make 40K/yr but more unhappy if they are surrounded by neighbors making 100K/yr.

That is the reason I was not surprised to read that those who earn more than 5K reported less satisfaction with their lives, cos' they are comparing with the wrong group of ppe.

I think the contrast is starker if the example goes like this:

A man earning 50k/yr is not happy when surrounded by neighbors earning 60k/yr. However, a man earning 40k/yr is happy when surrounded by neighbors earning 30k/yr

So do you want to be happy and earn 30k or be unhappy and earn 50k? I want be happy and earn more haha! Just shift the focus of comparison to yourself in the past and yourself in the present