Is Your Money Mindset Setting You Up for Failure?

You feel you can trust your mindset when you begin a new endeavor. But is there a devil in the details?
 
We’re looking down the road in this GenuLines report on how your money attitude might set you up for a crash. 
 

Is Your Money Mindset Setting You Up for Failure?

dollars for money mindsetYou want to make more money. You see the lavish lifestyles of celebrities and other famous people.
 
You’d like to have some of that for yourself. But, is your drive for money blinding you to the important things in your life?
 
 
 
It’s often said that if you do something you love, the money will follow. That can happen if you approach whatever you love with passion.
 
Then again, if making money is your driving force, how will you do that? You’re likely to 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 how little you accomplished.
 
You may be successful in the short term. You’ll get that extra dollar from a new job or you’ll squeeze a quick buck from your business.
 
But, you’ll keep searching for more money.
 
 
image about money mindset

 

Experience

It’s possible that if you lack the experience at your new job you won’t be able to handle it. 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 a lot of folks believe. For instance, what good is having a high-paying job when you have to work 80-90 hours a week?
 
What kind of life is that?
 
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 might end up quite unhappy.
 
Or the workload needed to reach your goal gets you to an early grave. In that case the money they earned is useless.
 
If you are happy with what you are doing, money becomes a secondary priority. People do need money to live, and you shouldn’t settle for working for less than you’re worth.
 
Get to the point where you can balance a decent amount of money with doing something that you enjoy. Then expect to live a more satisfying life.
 
JohnK 2-15-2021
 
Stick figure hears about motneyOverheard: There is a gigantic difference between earning a great deal of money and being rich.
                                ~Marlene Dietrich
 
 
 
 
 
disclaimer for talking about money
 

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