Thread by @creation247

The Seven Biggest Lies About Wealth and Money

Broke is a Mindset

//Thread//

I wrote a famous book
Mental Models of Millionaire.

In MMM, we program the mind toward a life of abundance.

Today I want to do the opposite.
I want to talk to you about what NOT to do.

This is advice that will keep you poor forever.
And you hear it everywhere.

1. Wealth is Fixed

This idea views wealth as a zero-sum game,
often portrayed in the form of a pie.

Proponents believe only certain individuals get slices while others are left with crumbs.

But wealth is not a pie. Wealth is not fixed.
Wealth is something that is created.

Think about the universe.
Think about how expensive it is.
Our minds fail to comprehend its size.

There are infinite amounts of power sources.
There are infinite amounts of resources.

We live in a universe of abundance.
We just haven’t figured out how to harness the potential.

2. Money is Evil

"Ethical wealth creation is possible. If you secretly despise wealth, it will elude you.” - @naval

Money is not the root of all evil. Money is a tool.
It can create/destroy.

Regardless of how you use it, it is an object.
The person wielding gives meaning.

Money amplifies you.

If you were a nasty person before you had money you will be an even nastier person when you have money.

The money does not change you.
The nasty factor is was already there. 

It just gets bigger because you will care less about what others think.

3. Investing is Dangerous

Responsible investing comes with risk,
but it is a risk well worth it.

Some say the stock market is a casino. WRONG

Investing is not like gambling at a casino.

When you invest responsibility YOU become the house.

The odds are in your favor.

You need to invest your money because cash is a depreciating asset.

Money held in a bank is steadily losing to inflation. 

Money invested in the stock market will always outperform money in the bank. It's worth the risk.

4. Cheaper = Better Opportunity

When it comes is necessary expenses (needs) low price often equals low quality. 

In many cases, you must recognize that you will get a better return on your investment when you pay more.

Let me give you an example...

The cheapest foods are often processed, sugary brands that make you addicted.

Spend the extra money.

- Buy organic,
- Buy grass-fed meats.
- Buy fresh produce.
- Buy foods that will give you a healthy body.

Food becomes an investment.
In the long-run, you will save money.

5. Hard work = Money

From a young age, children are told a great myth, “Hard work equals success.”

This is a healthy lie but it's not entirely true.

Hard work is just the FIRST step.

It is the beginning.

Your goal is to get ahead and make your money work for you. That is the ultimate step. 

I wrote a thread about this last week.

Make money while you sleep. 

https://twitter.com/creation247/status/1318892088994549761?s=20

6. Rich people are evil

 “Some of the nicest people I’ve ever met have also been the richest” - @SteveOnSpeed

This is pure cope.

Poor people want to believe this myth.
They perpetuate the “Us vs Them” mentality.

It is easier to accept failure when you believe this.

This myth is dangerous.

All it does is keep people down.

It discourages people to move upward and it is demoralizing. It is an extension of the “Crab in the Barrel” mentality.

Very unhealthy.

7. Money will solve all your problems

Money will solve all of your financial problems but it won’t solve all of your personal problems. You need to solve them. They will not magically go away. 

Let me tell you about a famous study...

If you want to read about the study it's on my blog...

Also, download our e-book.
Join our online community. It’s fun. I promise.

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