What Were You Taught about Money

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My son came to me one day and asked, “Mummy, can I ask you a question?” What were you taught about money?” Did you know that you have adapted your money mindset in your early childhood?”

I stopped and thought about it for a minute:

Now, before you continue reading this, take some time to think about your answer.

“What were you taught about money??”

Good…

Does your answer surprise you?

If it does, it probably means that your answer could use some work also.

Well… I had to think for a while. What was I taught from young?

  • Go to school,
  • Work hard and earn good money,
  • Build a house,
  • Get married,
  • Have children,
  • Work harder to pay bills and university fees for the kids
  • Save money, and don’t spend it on things I can not afford,
  • and I finally look forward to my retirement.

Yes, this is it. My parents taught me these principles. Did I live by it??

Yes, for some time, but as I got older and I read “Rich Dad Poor Dad” by Robert Kiyosaki, my mindset changed a lot towards money.

Here are some quotes from his book:

1. “Money is just an idea.”

2. “Sight is what you see with your eyes; vision is what you see with your mind.”

3. “The philosophy of the rich and the poor is: Rich people invest their money and spend what is left. Poor people spend their money and invest what is left.”

4. “Excuses cost a dime, and that’s why the poor could afford a lot of it.”

5. “The richest people in the world build networks; everyone else is trained to look for work.”

6. “Skills make you rich, not theories.”

7. “If you want to be rich, simply serve more people.”

So this is what I told my son:

“I have learned that until we change our mindset towards money and life, we are not able to grow. We will stay where we are currently.” You can download my FREE e-book here

Here’s the #1 lesson about money that’s crucial for success

FINANCIAL INDEPENDENCE

Most people don’t become financially independent because the school system is designed to teach us how to work hard for money and not have money to work hard for us.

It’s designed to teach you how to become an employee, a doctor, or a lawyer (a specialist) but never about money!

So, what exactly is financial independence?

Financial independence is simply the ability to live from the income of your resource.

In other words, your assets.

In the world of money, they are only four types of people:

EmployeesBusiness-peopleEntrepreneurs, and Investors.

Let’s sift through each one.

#1: An employee exchanges their time and energy for money, someone who works hard for money.

#2: A business person is someone who’s able to profit from a business idea — a product or service, someone who works hard to build assets.

#3: An entrepreneur is someone who’s able to monetize their innovative idea, which provides a solution to a problem, someone who works hard to create assets.

#4: An investor is someone who’s able to put money into an idea and profit from it, someone who works hard to buy assets.

Think of an asset like a well-designed system that puts money into your pocket.

You should aim at the kind of system (or asset) which continuously provides value to others, and in return, you receive money, even though you are not present.

Starting an online business with affiliate marketing is a good example.

So as you can see, to become financially independent, you must buildbuy, or create assets.

The difference here is the employee works hard for money…

While business-people, entrepreneurs, and investors have money work hard for them.

It is our duty as entrepreneurs to abandon society’s norms and create our path to financial freedom.

Is that what you have learned about money?

If you are looking to start your own online business, I want you to know it is POSSIBLE. No matter your age or knowledge about the internet. Try the 15 day challenge now!! It is a great way to start.

Conny

Conny Young

Hi, my name is Conny...


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