I think money may perhaps be one of the most misunderstood areas of our lives and yet one of the areas that affects our lives the most on a daily basis.
I certainly have spent the majority of my adult life trying to figure what it is & how to create it easily.
I have studied many areas of money in my earnest attempt to understand this thing that so profoundly affects my life in every way.
So here is what I have learned and what is changing my relationship with money, my business, my life. I say changing because it is still unfolding.
When we are creating money, we are not creating a physical object out of mid air. That is how I used to approach it, like trying to pull a rabbit out of a hat! Perhaps you can relate.
Money ceased to be a physical object a long time ago. I know we sometimes still have physical dollars & euros in our pockets but stick with me. For the most part we deal with money either online (we don’t actually see it) or with plastic cards.
Dollar bills, debit/credit cards, digits in our bank accounts just represent money.
It may help to think about it this way. When we get paid into our bank accounts, it’s not physical money that is put into our accounts. It’s the movement of digits that represent the movement of money in our account. When I pay the electricity bill, physical money does not move from my account into the electricity account, digits move around.
If you were to think about money in the same way as you think about downloading a song from the internet you are closer to the reality of how money works in today’s world.
For example, when you download a song, you are not depleting that song. There is not half a song left online because you downloaded it. As many people as would like to can download that song simultaneously and it will still be fully available to the next user.
We accept music that way. We are not trying to physically manifest a trumpet section into our living room. Music is something that we can download all day every day and never run out of “credit.”
It’s constantly available and at our fingertips. Every day for the rest of our lives, more songs are created and downloaded in our world and enjoyed. There is no angst around that. Available without much thought or effort.
My listening to a song in Ireland will not make it less available to someone listening to it in the US. I don’t think “I must only listen to it for a short while because I am using it up” or that someone else cannot access it because I am using/accessing it. We accept it as infinitely available.
Let’s turn our attention to money for a moment. Let’s say you download/withdraw $100 from your account and you paid $100 for a massage. You give $100 to the masseuse. The masseuse then buys groceries with that $100 and gives it to the store owner. The store owner goes for a haircut & pays $100 to the hairdresser, who goes to the movie and on and on.
If that $100 gets exchanged once a day (which is a very low number of times) for 30 days. That $100 would still be fully intact on day 30 and has provided $3,000 worth of value.
To return to the music download analogy, as many people as would like can listen to the song as many times as they like and the song is still fully downloadable.
If when you spend money you think about it from this vantage point, you would feel no stress or concern.
On the other hand if when you withdraw/download money from your account and you think of it as being depleted, then you keep recreating this outdated experience in your life.
Approaching money in this physical way means you are working off an old system that no longer exists. Your outdated GPS is set on San Francisco even though you now live in New York. Make sense?
Do not be hard on yourself, we were hardwired to think about money this way before because that is what money was – physical e.g. gold/silver/physical notes. That is no longer the case and it hasn’t been for a very long time.
We switched over many years ago to a whole new system of money/wealth/abundance.
Music used to be physical too on gramophones, then vinyl, then CD’s, now it’s downloadable instantly. It is experienced but not seen physically and still we listen to it anytime, anywhere, any day on our devices.
Think about how really wealthy people experience money. They have instant constant access to as much money as they like anytime, anywhere. What if you can download money in the same way any number of times any time of the day as you do music? Do you think that could change your experience of it?
If you say that’s OK for wealthy people they have money. But, if you begin approaching money with the same ease, you will experience the same ease and create that experience for yourself.
Music is no more physical than money and yet both are instantly infinitely available.
It may take a little consideration for this to land or perhaps you’ve known it all along.
Thinking about money this way has changed my relationship with it and my experience with money is changing as a result.
I realise this post is a departure from the usual blog on Book Arb. But this change in my thinking has changed my approach to Book Arb. The results that are unfolding are indeed exciting as our business is growing and accelerating.
Next time, I will discuss how we’re getting ready for the upcoming bumper summer textbook season. It’s gonna be fun……