In this week’s shot of clarity, we’re going to be looking at the whole domain of money, wealth and abundance.
It’s over 20 years since I left the world of paid employment. When I first started out on the journey of creating my own practice, there was a lot to learn…
In fact, there still is!
And while I loved developing my coaching skills and mastering my craft, I soon realised that there was one thing that has a massive effect on your ability to earn a living doing what you love…
Your understanding of and thinking about money can have a huge impact on your ability to create the life you desire and make the kind of difference you want to make.
And as I started to explore this mysterious substance, I discovered something shocking:
Despite the important role money plays in our lives, most people haven’t got the slightest idea about what money even IS… what it isn’t, what it can do & what it can’t do.
So I decided to write this article to help you clear up some of the myths about money, and the simple keys that can help you to radically increase your abundance and cash flow.
Money Myth 1 – The Myth of Financial Security
There’s no such thing as ‘financial security’. If you ask people what they mean by ‘financial security’ they’ll say things like this:
– ‘Feeling a sense of peace and security about money’
– ‘Not having to worry about money’
– ‘Knowing I’m going to be OK and have enough’
– ‘Having the freedom to do what I want to do’
While I’m a big fan of money (as you’ll read in a minute, it can be an incredibly powerful tool when you understand it), there are some things money can’t do, and here’s one of them:
Money can’t give you a feeling of peace, security and freedom.
I’ve met numerous wealthy people who were feeling worried, stressed and insecure. I’ve also met plenty of broke people who were peaceful, happy and optimistic.
So am I saying you should be broke? NO!
I’m saying there’s no causal link between how much money you have and how you feel.
And why is this important?
Because the less confused you are about money, the easier it is for you to generate it, enjoy it and use it effectively.
Money Myth 2 – The Myth of Money-DNA
When I was in my early 20s, I had a friend who was a multi-millionaire. I remember feeling envious, wishing that I had that kind of money (at the time, I was earning around £15,000 per year as a computer programmer). But the only sense of possibility I had was actually quite embarrassing…
I thought that maybe my friend would give me some of his money.
I remember thinking that money just wasn’t in my DNA; that there was something about him that meant he could have money, and something about me that meant I couldn’t.
Of course, my friend never gave me any of his money; he gave me something much more valuable. He told me,
“Your ability to generate money has nothing to do with your DNA or your upbringing. You have just as much potential as anyone else to generate all the money you require.”
While I didn’t believe him at the time, this curious notion stayed with me, and I soon started to discover it was true.
Nobody has ‘money-DNA’ or ‘poverty-DNA’. We all have the ability to create wealth and generate income (as you’ll read in the next section).
Money Myth 3 – The Myth of Not Caring
I regularly meet people who say, “I just don’t care about money; money’s not important to me”.
Inevitably, it turns out that these people are struggling to make ends meet, and largely unable to do the things they want to do.
When I scratch the surface, I discover they have huge amounts of thinking and feeling about money; thinking and feeling that they’ve often been unaware of.
These thoughts and feelings have been keeping money away from them, and shaping their behaviour and results.
When people say “Money’s not important to me”, it almost always turns out that the opposite is true; that money (and their thinking about it) is playing a hugely important role in their lives.
In fact, this thinking is often the thing that is placing the biggest limitation on their ability to grow their practice and impact the people they want to reach.
So you’ve had the 3 money myths – now let’s look at 3 money-maxims.
A maxim is a short statement that expresses a truth or rule of conduct. Here are 3 money maxims that can make a big difference to you and for you.
Money Maxim 1 – Money is a creative tool
Money is a wonderful tool for doing what it can do, but you can’t use it for what it can’t do…
Money is useless for giving you a sense of security, peace of mind & wellbeing. The best it can do is temporarily relieve the contaminated thinking that sometimes blocks you from experiencing the peace, security & wellbeing that’s already there within you.
So what IS money good for?
Money is brilliant for creating. It’s the ultimate creative tool…
When Richard Branson creates new businesses, he uses money to facilitate the process.
When Anita Roddick set out to create the Body Shop, money was one of the tools she used.
When Steven Spielberg wants to make a blockbuster film, he uses money.
And if you want to write a book, create a new product or run a training programme, money is a tool that can help you do that.
I’m not saying that you need money to create things – you don’t, but it can greatly facilitate certain parts of the creative process, because…
The purpose of money is as a creative tool. That’s what it’s for.
Money Maxim 2 – Insight, innovation and ingenuity are the sources of all wealth
Wealth is the result of creating value for others.
Whether we’re talking about an iPhone, lifesaving surgery or a summer holiday, the wealth created is a function of the value the buyer perceives.
If you want to create value for others, you need to have an insight into what they perceive as valuable…
…their wants, needs and desires…
…their problems, solutions and aspirations…
When you understand these, you can create innovations that satisfy them.
This is the source of wealth, money and prosperity; your insight, innovation and ingenuity.
Money Maxim 3 – Abundance and prosperity are your birthrights
Every feeling of peace and security you’ve ever experienced has come from within you; from within the source of peace and wellbeing that resides within your consciousness.
The experience of peace, freedom and security is your birthright.
Every insight, inspiration and ingenious idea you’ve ever had has come from within you; from within the source of innovation and creativity that resides within your consciousness.
And here’s the coolest thing…
that source of peace, freedom and inner security… that place of creativity, inspiration and insight that resides within you…
That’s exactly the same source that resides within the most abundant, wealthy and prosperous people on the planet!
You’re connected to the same source as everybody else.
The only thing that ever gets in the way of any of this is misunderstanding and limiting beliefs.
Misunderstandings about who you really are…
Limiting ideas about what’s possible for you…
But these can change, quickly and easily. Isn’t that nice to know?
By the way, the theme for the next ClarityLive! event on October 24-25 is “Money, Wealth, Abundance & Sufficiency” and I’m delighted to announce that my friend, colleague and teacher, Charles Faulkner will be joining us as a guest speaker.
Charles’ work has had an enormous influence on the way I think about language, metaphor and money. A trainer and a master modeller, Charles was featured in the book The New Market Wizards and other books for his pioneering work modelling the best market traders – so-called “Market Wizards”.
Charles also led the way of introducing Cognitive Linguistics as the basis of new metaphoric change processes. As a Visiting Senior Fellow to the University of Surrey School of Management, he has been instrumental in getting research in the UK started in NLP. His 2017 TED Talk introduces his newer thinking on the nature of our imagination.
During ClarityLive!, Charles and I are going to be having a ‘deep-dive’ conversation, exploring his insights and discoveries around the topic of money, and his work on the connection between ‘life purpose’ and what people think and feel is Wealth in their lives. To whet your appetite, here’s something Charles wrote a few years back that stopped me in my tracks…
“Money is a substance, sign, cypher, symbol, story, ritual, authority and abstraction. And most people are only aware of the first three. Money is a compression of multiple contradicting meanings. And most people only know one side of some of them. The economists’ definitions of money: “Medium of exchange,” etc. are actually descriptions of how metaphors work in our imagination.”
The audio “Mind, metaphor and money” (an interview I recorded with Charles back in 2018) is one of the most downloaded episodes on the ‘Get Clarity Podcast’, so I’ve been looking for an excuse to have a follow-up conversation with him ever since.
Jamie Smart, Sunday Times Bestselling Author, Speaker & Executive Coach
PS We’re closing the doors to ClarityPro at midnight tonight, UK-time (as soon as my birthday’s over) so take action now to get a £1,000 bonus package and avoid missing out.
>> CLICK HERE to join ClarityPro and transform your money-mindset for good