“”Money”—everyone in this world works to earn money; well, the method of earning and spending is totally different among people. Well, this is another thing, but the concept of money is also different among rich and middle-poor class people. Rich people think money is a great resource; on the other hand, middle- and poor-class people think money is evil, which affects their lives, and they work for money, whereas money works for rich people.
The question is, “What is money actually? How does money work?” The more you learn about money, the more knowledge you get about money. For many in the middle classes and poor classes, money often seems like a scarce resource; they tried to survive with limited opportunities.
In this article we unpack the common beliefs about money held by the middle and poor classes and explore what money truly represents in building a life of abundance.
What is money?
When I ask this, most say, “Money is a medium of exchange.” Well, it’s not wrong, but do you ever think this is the definition of money? Money is only a medium of exchange in every school or college definition about money. Once you think actual money is, ‘We discuss later.’
Most of the middle poor classes money is evil; according to them, money is the root of evil, and they give the same information to their children, and by the time their children also believe money is the root of evil, this never ends. On the other hand, money is an opportunity to build their empire; they buy assets and expand their business worldwide and become richer every year.
Well, if there is a real definition, it is that “money is a resource that gives an opportunity to build their empire.” How do you agree with me? Let me know in the comments.
Now the question is why? Most of the middle poor classes consider money as evil and the root of all evil. They just work for money and become rich in their life; they also teach the same to their children. Well, you about this in the next para
Common Perceptions of Money Among the Middle and Poor Classes
a. Money as a Limited Resource:
The main reason most of the middle and poor classes think money is a limited resource is that if they don’t work for money, they lose their whole money, which they save till now. So their whole lives they work for money like a job.
If you think deeply, the real evil is their mindset, which traps them and gives negative thoughts about money. Due to this mindset, they give birth to “fear,” which stops them from investing and spending money on any useful product, and they just save money their whole lives, but in reality they get nothing because of inflation, which increases every year.
b. Money as Evil or Corrupt:
The other reason is their psychology; I mean their belief system on money, which they get in their childhood from their parents, friends, relatives, or from any other person.
The main reasons for this are that they believe money is “evil” or the “root of all evil” and don’t work hard to make more assets; they just have a fixed amount of money, which helps in their survival. The worst mistake ever made by anyone in his life was to never depend on one way of income. If you depend on one way, this becomes the reason for limited money in your life.
c. Money as a Goal, Not a Tool:
As I discussed before, most of the middle and poor class work for money, and this is the goal of their life: do one job whole. This is wrong—you are wrong. You have to understand: don’t work for money; make money work for you. Why do you not understand this? Money is a tool, not a goal.
What Money Actually Is:
a. Money as a Tool for Freedom
Yes, money is a tool for freedom that is used by many millionaires and billionaires. They make more and more money from money by buying assets like “real estate, stocks, bonds,” and many more. They never work for money; money works for them. If you don’t know what asset you have to buy, then you have read our previous article on assets, “LINK—https://luminateyourmind.com/what-are-top-assets-what-recommend-by-rich-people/.” From this article, you understand the concept of assets and liabilities, so buy assets and increase your wealth.
b. Money as Energy Exchange:
Money is also used for exchanging energy; here, energy means skillful employment that works for money or any service. In simple terms, you exchange value with money, which helps you to grow and earn more money, as we know, “Money attracts money.”. If you use your mind and invest money in proper ways, you make more money from investment money and fulfill your need from the return you get on invested money.
If you don’t know how to invest your money, then don’t worry; I already made a blog on this topic, how to invest money, “LINK—https://luminateyourmind.com/what-are-top-assets-what-recommend-by-rich-people/. With the help of this blog, you understand where you invest your money.
These are some examples of what money is, but if you want to know more about money, ‘how money works,. how to invest, how money works for the rich, ‘then you have to read a book that helps you to understand the concept of money more early. The link to the book is provided below. You can order the book from the given link and understand the real meaning of money.
LINK – https://amzn.to/40fPx92
LINK – https://amzn.to/3W21nRI
Make Money Work for You, Don’t Work for Money
Have you ever thought about why the rich become richer and the poor become poorer and the middle class stays where they already are? The middle class is not getting rich but getting poorer every year.
This mainly happens because the rich don’t work for money; money works for them. Now most people do not understand what I want to say; well, the answer is very simple: they buy more assets, which increase their wealth every year, whereas middle- and poor-class people buy liabilities, which make them poor every year.
Every rich person invests their assets and gets more money from their investments, then fulfills their dreams; on the other hand, middle- and poor-class people first fulfill their dreams, then save money but never invest because of their belief system, and if you are middle class or poor class, you have to change your mindset and focus on making more and more assets as you can, which increases your wealth.
If you want to know more about how money works for the rich and which steps are taken by rich people in their lives, then you have read one of the best books, “RICH DAD POOR DAD.” If you want to buy this book, then you buy it from the given link: https://amzn.to/3BOaVsG.
The Impact of Misunderstanding Money
As we discuss, the middle and poor classes think money is a limit, and they think of money as a goal, not as a tool, but in this period you have to question why they think this and what the reasons are they get this mindset.
The answer is from their parents, friends, or stories that they read or listen to, and also misconceptions like they just work for money and are just trapped in debt or poverty. I think this only because they never get real information about how money works, how you make money work for you. These many types of misunderstandings about money generally destroy your life because once you believe in any misunderstanding, then it creates a fear that stops you from investing money, and your whole life you just work for money.
There is no book or blog that can remove this fear that is created in your mind, so the best way is to never believe in anything with any proper knowledge. Once a fear is created, it will affect your entire life, as you see many examples around you of people who stay poor or middle class for many generations.
So as soon as possible, understand the real concept of money and gain proper knowledge of money, how we make assets instead of liabilities that don’t slow your growth or stop your growth.
How to Reframe your Thoughts About Money
a. Educate Yourself about Money:
You can reframe your thoughts if you have negative thoughts about money. It can be done by proper education about money; you get proper information about money from money, blogs, and podcasts.
b. Focus on value creation;
You have to learn any skill that helps you make money, which you invest and make more money, and the more you provide value with your skill, the more you get financial growth.
c. Develop healthy money habits:
Well, if you develop healthy money habits like investing, saving, and budgeting more, you will get growth in the long term. Once you understand the money management more, get growth because of proper money management; you track your spending, investing, saving, and buying more assets; control your useless spending.
d. Surround Yourself with Positive Influences:
Join communities or follow mentors who provide value or information about money and finance; the more you improve your mindset about money and finance, the more you build a healthy relationship with money.
Conclusion
At last, I just want to say it all depends on mindset. According to the rich, money is a tool, whereas middle and poor class people think of money as a goal, the root of evil. If you change your mindset from negative to positive, you find many ways to make money and keep growing in life.
If you have the same mindset every year, every day, then you are just where you are right now. So get up and find different ways to make money, how you make money, how you buy assets, how you earn money right now, which skill you have, which skill you want to learn,
The answer to these questions only gets if you ask from yourself; nobody tells you about you; you are only how you understand or know about you. How do you want to figure out which type of mindset you have related to money?
Well, if you want to improve or want to know about money, then you go through with a book that will help you a lot; the link is given below.
LINK – https://amzn.to/40fPx92
LINK – https://amzn.to/3BOaVsG
LINK – https://amzn.to/3W21nRI