Dollarmakers.com BLOG

Thursday, August 03, 2006

"Money is your means of survival. The verdict you pronounce upon the source of your livelihood is the verdict you pronounce upon your life. If the source is corrupt, you have damned your own existence. Did you get your money by fraud? By pandering to men's vices or men's stupidity? By catering to fools, in the hope of getting more than your ability deserves? By lowering your standards? By doing work you despise for purchasers your scorn? If so, then your money will not give you a moment's or a penny's worth of joy. Then all the things you buy will become, not a tribute to you, but a reproach; not an achievement, but a reminder of shame. Then you'll scream that money is evil. Evil, because it would not pinch-hit for your self-respect? Evil, because it would not let you enjoy your depravity? Is this the root of your hatred of money?" Ayn Rand

"Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver." Ayn Rand

Are You Chasing the Money Away?

A school friend of mine was a real Casanova. He wasn’t good looking but the girls loved him. When someone asked him what his secret was, he said, “I treat them as though I don’t need or want them. And they come running!” Other fellows would run after the girls, beg them to go out and constantly call them, and they had little success.
Have you heard the old saying that when you run after something too much, it runs away from you? I have found that when you get too desperate and attached to money, it gets shy; it runs away from you. You get so scared of losing it or not getting it that you never get it.

There are the folks who are terrified of not being paid money when it is owed to them. They’re so afraid that they won’t get paid that they don’t even set up the Joint Venture! They focus on the contracts and the tracking systems for so long that by the time they’re ready to do business, the business has gone elsewhere. It’s money they wouldn’t have had, they incur no cost or risk, yet they’re afraid that they won’t be paid. Perhaps they’re dishonest and they’re projecting that expectation onto other people who are not as desperate and dishonest as they are?

Then there are people who are very concerned about having to pay tax on that newfound income from Joint Ventures. I have news for them: Until the tax rate is set at 100%, you will make some money. Get a good accountant and get over it! You declare JV income as income, just like any other income. You pay taxes. That’s it. Move on.

And then you get people who are just plain greedy. They will never get enough, so they don’t get any! They are so busy nickel and diming everyone for an extra point that people simply take their business to someone who is less desperate. Now there’s nothing wrong with desperate people, as long as they don’t get emotional about business. Business is an objective, sane, healthy, reciprocal system. It’s all about getting paid what the value that you produce is worth, unlike socialism and collectivism, where people are paid according to need, instead of the value they produce.

Relax about money. Don’t be attached and fixated. Don’t be afraid of losing it. Woo it like my school friend. Reel it in like a juicy fish. Learn about it, understand it and embrace it. Change your mind and your attitude towards money and you will become a Money Magnet!
Read this amazing speech about money: click here