Build a healthy relationship with Money to grow Wealth

Over the past few weeks, I have been thinking deeply about what makes a minority few accumulate most of the money in the world. In every society and globally over 55 per cent of the wealth tends to be in the hands of only 1 per cent. Based on many global surveys, the bottom 55 per cent own only 1 per cent of the wealth. 11 per cent of the people own and control over 85 per cent of the wealth.

Just how can the world be so unfair to the majority of the people? Why is it generation after generation this injustice is sustained? What is so special about the minority that makes it to the top?

For those who follow this page closely, you know I was reading Rob Moore’s book titled Money in the past few weeks. I have since finished and picked on another very interesting Psychology book by Professor Wendy Wood on Good Habits Bad Habits – The Science of Making Positive Changes That Stick.

While the world’s apart in terms of the title, the books are profoundly related in very strange ways. From Moore’s Money book, one thing that still profoundly rings in my head is creating a system where money flows to you and flows out to others through you creating a Personal Gross Domestic Product (PGDP) similar to a country’s GDP. 

Think about it, it is because of money circulating through the economy that money flows from one person to another, then to another until it gets to you, and leaves you through your expenditures. This may be through paying bills like school fees, medical bills, rent, goods & drinks, holidays giving out to the needy or even in your places of worship. You can even give and bless total strangers randomly. 

Out of this, part of your spending goes to taxes either directly or indirectly and thus helps contribute to the national economy as you keep the fire going. The money going to taxes provides public goods like roads, hospitals, education, and security among others to improve the social wealth of the society in general and build a bigger economy that profits more people.  

So where am I going with this story? See, the economy grows bigger and stronger by letting money flow freely within it, not by keeping money to itself or hindering free flow. Any government policy that interferes with this free flow of money undermines economic growth and development.

The question then is: are there different rules for money in the economy and money in my or your pocket? Can there be any?

This is the gist of today’s article and is about this profound insight here are my five points on developing a healthy relationship with money:

1. Notice the difference between managing your money and hoarding money – these two are worlds apart but influence a lot whether you will attract and retain money or not. It is at the heart of the psychology of money. By its nature, money was never for hoarding but for serving its faithful owner and society in general. You will never grow wealth by being a miser or mean with money. After paying yourself what you keep every month or when money comes your way, the rest is supposed to let loose to move through you to go and serve others. You must never feel difficulty paying your legitimate bills, paying your workers, and suppliers, blessing those you love with your money, blessing strangers randomly and paying legitimate taxes to the government. That way, you open your world to the free nature of money, to freely flow to you as you let it freely flow through you. Question: do you have a PGDP that you control and how big is it?
2. By default, nature abhors vacuums – Ron Moore well and correctly describes the principle of opening spaces for nature to come and occupy them because she does not allow vacuums to exist anywhere. Where there is no dryland, nature occupies the space with water, and where there is neither dryland nor water nature occupies the space with air. There can never be any vacuums in this world of nature. The same applies to your money. When you hoard money, are mean with it or a miser, you keep your spaces full and therefore there is nowhere for nature to bring money to occupy. But when you let money freely flow through you, every space left after you pay your expenses, nature automatically opens doors for more to flow to you to occupy the space left. That explains why wealthy men and women spend a lot of money every single day but never appear to lack fresh flows;
3. Spending is a sign of faith that more will come – you must trust nature to bring more the more you spend. Hoarding money demonstrates a lack of faith in your abilities to make more money and trust in nature to supply not only your needs but also your desires. You must rise to a higher ground to develop and build this level of faith and trust. It is probably the single major difference between those who attract and retain money and grow wealth and the rest of us who never get this breakthrough; 
4. Nature or God provides according to your needs – have you ever wondered as your needs grow, your supplies grow too? It is very unlikely that the universe will supply you with a million bob if your mind has never needed and desired that kind of money. If you are used to handling only a few thousand and have never desired any more than that, you will never know and understand how it feels to have a million. If you have never thought and desired to have a billion, you will never see it. If you have never needed or desired 100,000 thousand shillings, you will never see and touch such kind of money, and should it ever come your way by accident or nature’s kind generosity, it will soon leave you. Ever seen how poor people who sell land for millions or win big lotteries get so broke only days after?
5. Practice humility and kindness even in your abundance – I get amused by how people with just a little money or say new money become so arrogant and treat others they think or feel are not within their class badly. I sometimes hear somebody say they have never ridden on a means of public transport for several decades simply because they bought a modest car. Some will never buy from the grocery shop next to their gated community, if for nothing else to be a blessing to these folks. Instead, they’ll drive to far destinations simply to buy a few groceries and milk in a supermarket. If there is one thing I have learned, it is never to bargain or argue with those we imagine to be lower in the food chain. Yes, I buy my fruits near my residence, shop in the estate small or medium supermarket and when I travel upcountry, buy or pay more even when I know it’s slightly overpriced, or pay more if I feel they have underpriced their suppliers. I have never lacked by doing this. Let your PGDP freely flow to those in the lower part of the food chain as equally as it flows to those in the higher parts of the food chain.

 #Build a free economy for yourself and others too; that’s just how money and wealth work!