Oh my god.
Did I just say lesbianist?
God, that’s so yuri.
Alright, let’s be honest: is there something else you should be doing right now?
- You’ve a paper due tomorrow?
- You’ve a pile of laundry and you’re slowly losing clothes to wear?
- A friend asked you for a favor and you haven’t started on it yet?
- You’ve got some other adulting stuff you haven’t done yet?
You should be doing those things but instead you’re here, listening to me on PaydayHacks!
Wait, wait, wait, wait…don’t leave. And don’t go going guilty of yourself on being here.
These next few minutes might just as well be the most productive bit of procrastination you’re gonna do today.
Because we’re now on the last part of Bad Money Attitudes!
This is the third and the last part of the three-part series of Bad Money Attitudes: Money Beliefs that Will Make You Poor Forever. If you haven’t read Parts 1 and 2 yet, then make sure that you read on them as well and find out which limiting money belief (or beliefs if there’s more) that keep you stuck and let’s find out ways to overcome them.
Because if you don’t, then you might just get poor in the near future or stay poor forever.
On to Number 9.
Number 9. More Money, More Problems
A lot of TV shows and movies would actually make you feel this way – films based on true experience or entirely fictional but just as mentally conditioning, involving talented people sacrificing their relationships with friends and family for fame and fortune. Overqualified Chemistry teachers earning 80 Million Dollars by cooking meth, and the likes. But we are not celebrities, and we certainly are not drug lords, and with quotes like “Money is the root of all evil,” or “Money brings out the worst in people,” we’re certainly wired to think that having money is bad even though there are several factors that contribute to the case.
Look, here’s what is bound to happen when you get more money, especially when you keep listening to this podcast and learning more money knowledge through reliable sources: You’ll definitely going to earn financial knowledge and just be freaking woke about money.
And if you become money-woke, then you’re not gonna be intimidated by the challenges or added obligations it’s gonna bring – because you’re gonna have financial knowledge that will make managing money easy.
So if you let yourself get smart about money, don’t let this limiting belief bother you.
Number 10. Money is the root of all evil.
This money belief is that same quote that I’ve said earlier
A lot of us would rather not think about money because of the negative feelings we associate with it. It’s basically seeing money as a never-ending necessary evil that must be endured as part of life.
Listen to me, friend:
Money is just a tool.
Let me repeat that.
Money is just a tool.
The way you earn and use money will decide if it’s good or evil.
If you use it to send your little sister to school, to buy groceries, to order Korean skincare products (in moderation), to buy a present for Mom, to donate to BrainPickings, to help people in need, to buy medicine, to pay the internet bills so you can keep listening to PaydayHacks, then money is GOOD.
If you use money to bribe, cheat, hurt, punish, or kill people, then money is EVIL.
Again, Money is just a tool.
It’s the use of money that will decide if it’s good or evil.
Number 11. They’re just lucky
Again with the destiny, when in truth,
Luck happens when preparation meets opportunity. Let’s say it one more time.
Luck happens when preparation meets opportunity.
The people who get lucky are actually those who are prepared to receive it.
Take this story:
There are two friends, Katie and Scarlett. They’re both super big fans of this KPop girl group (let’s call it Girls’ Generation) who’s having a concert in 6 months, and they both want the S triple-VIP type of seat. So it’s an SVVVIP ticket. But it was $300 dollars! Both girls started saving at the same time. Katie, when her savings went up to $100, got invited to an event she says she can’t say “No” to. She spent her savings buying a new dress for the event, without stopping to think about what she saved the money for. Scarlett saved as much money as she can – she even took on side jobs to up her savings.
5 months passed and Scarlett is just $25 short on the S triple VIP ticket. While Katie’s, impulsive buyer as she is, didn’t make it to a hundred.
Now, there was a surprise promo – a half-price sale on the S triple VIP tickets! Scarlett was able to buy hers, while Katie didn’t.
And then Katie said Scarlett was lucky….and is low-key bitter.
Now here’s why Scarlett was lucky:
She prepared as much as she can to save for the concert. Katie didn’t weigh in her priorities enough, and lost her momentum in getting back to saving.
This is an example of what it means when we say luck comes to those who are prepared.
The smarter and harder you work, and the more you’re focused on your goals, the more opportunities you can get.
Another thing: Saying that people are lucky when they accomplish something also takes away the credit of them hustling their way to achieve their goals. Do you actually know how hard they’ve work to get there for you to say they’re lucky? Most of the time, No.
So let’s stop paralyzing ourselves by believing in luck, and start preparing ourselves to receive luck.
Number 12. The Get-rich-quick Mindset
Many people still get victimized by financial scams because of this mindset. They want to be rich but they want to have it ASAP. That’s why they fall into these traps because getting promised of high returns or doubling your money in just a few days sounds like music to their ears.
Remember that getting rich is not a sprint. It’s a marathon. Be patient, driven, and committed to achieve your personal financial goals.
But it doesn’t have to be a dreadfully long one if you stay being woke about money.
Do your due diligence. Be informed. That’s your money. Don’t let it fall into the wrong hands and beat yourself up for making mistakes.
Number 13. Working your butt off is the only way to become rich.
This is why I’m encouraging you to invest. Most of us actually only believe in active income.
Let me tell you this. There are 2 kinds of income – active income and passive income. Active income is what you earn when you’re actually working your butt off – your usual 9-5 or 8-6. Your freelance sidejob. Your part-time job in Starbucks. The money you earn from selling lemonade or halo-halo in summer. The money you earn from writing love letters for your lovestruck classmates. The money you earn from selling your pre-loved clothes. That’s active income.
Now, what’s passive income? It’s the money you earn from not doing anything. You may eat, sleep, go to the beach, play with the doggos, watch anime, read a book, or hang out with your friends while your money earns. When does this happen? When you put your money into investment vehicles that can make it grow. This is where stocks, bonds, mutual funds, cryptocurrency and the likes come in.
Remember that these are not the whole bulk of what active and passive income is. We’re going to talk about lots of that stuff later. But for now, you get the general idea.
Passive income exists!
And you have to take advantage of that.
For the last part of Bad Money Attitudes: Money Beliefs That Will Make You Poor Forever, we’ve learned that
- With proper knowledge with handling money, you can make it by not having problems when you have money
- That money is just a tool. It’s the use of money that will decide if it’s good or evil
- Luck come to those who are prepared to receive it
- Getting rich takes a reasonable amount of time, and
- A mix of active and passive income is the best way for you to hack your way into wealth.
Hey everyone, Thank you so much for taking the time and joining me here in PaydayHacks!
That’s all for Bad Money Attitudes! I really hope you’ve learned something and if you’ve got at least one of these Bad Money beliefs, then please please please do not look away when they’ve made you look twice into your spending habits.
If you like my blog, please share PaydayHacks to people you want to get rich with you – most likely your family, friends, colleagues, and people dear to you, and also please leave a comment below whenever you read my blog.
Thanks again and see you next time!