Is Your Money Mindset Setting You Up For Failure?

banner encourages money mindsdet

Is Your Money Mindset Setting You Up For Failure?

Dreaming of getting rich? You can’t help but admire the extravagant lives of celebrities and influencers, right?

It’s easy to fantasize about living like them. But as you chase after riches, are you losing sight of the things that matter?

Today, GenuLines invites you to explore this crucial question.

Man showing money mindset

It’s often said that if you do something you love, the money will follow. This worked for me and it provided me with a good life (story for another time)

And after all, common sense says that you’ll approach something you love with passion.

But what if?

What if making money is your driving force? You’ll chase the dollar from one job to the next or from one opportunity to the next.

You’ll get seduced by false offers of riches. Over time, you’ll look back and see that you didn’t actually get real fulfillment.

The quick buck

You may be successful in the short term. You get that extra dollar from a new job.

Or you squeeze a quick buck from your business. But, you’ll be searching for more and more money.

You could even put yourself into a position where you can’t handle the new job due to lack of experience.

In other words, you didn’t give your previous level enough time to develop a foundation. You jumped ahead, and now you’re unclear what to do.

It’s a concept known as the Peter Principle, named after the person who came up with the idea, Peter Drucker.

Money isn’t as important as many try to make it out to be. For instance, what good is having a high-paying job when you have to work 80-90 hours a week?

Regrets?

Many people who do this look back at their lives and wonder why they did it. While they may have a lot of money when they get older, they likely don’t have fulfillment.

Another possibility is the heavy workload needed to get that wealth also gets them to an early grave. The money they earned is useless to them.

If you’re happy with what you’re doing, money becomes a less urgent priority. You do need money to live, and you shouldn’t settle for work that pays less than you’re worth.

So reach a balance between your paycheck and doing something that you enjoy. It can bring a whole bunch of fulfillment into your life.

JohnK 12-2-2024
chiforyourself.com

Stick figure hears about money mindsetOverheard: “Wealth is largely the result of habit”

~John Jacob Astor
 

 

Image photo by Photo By: Kaboompics.com: https://www.pexels.com/photo/a-man-in-gray-long-sleeve-shirt-5717843/

 

disclaimer for money mindset

 

Have your say!