Wednesday, April 27, 2011

Wealth begins in your head

In order to become successful financially, many people have to get a deeper understanding of psychology than they would have imagined or desired. There are often a whole series of obstacles on the path to financial wealth that can only be overcome if we work on ourselves and our attitude to money.
What exactly is money?Wealth begins in your head
Money is first of all a symbol. It represents a certain value (which can also be a given service) that you can exchange for things or for other services. Before the introduction of money, goods and services were directly bartered, but money opened up a whole new way of valuing (and exchanging) goods and services. Nowadays you can thus be on the receiving end of money for goods or services and buy something else with it. As easy as this may sound, it is important that you look at it in this way because, even if this relationship doesn’t seem complicated, many myths have been woven around money that complicate our dealings with it. Money is nothing more than a small piece of printed paper or a piece of metal. Simple as that.
But you can also view money in another way: when you earn money, you generally perform some work in return, and expend energy as you carry out the work. You receive payment because you have expended this energy. A trade is thus taking place: you give energy and receive money for it, which is thus nothing more that stored energy. The more energy you expend, the more money you get. This is, for example, the case if you perform piecework. The more units you complete or produce, the more money you get.    This also applies to intellectual work, since in this case you have previously expended energy on training – for example, a doctor who first had to expend energy at grammar school in order to pass her A-levels, who then expended energy studying Medicine at university to pass the required exams, before finally investing energy in her thesis, all prior to being able to treat any patients. The worker using her brain thus did work in the past, which will offset her future energy expenditure when she deals with individual patients and requests payment from the mutual insurance company or directly from her private patients.

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