It sounds a little contradictory, but it is true… the best way to make money is to detach yourself from money itself.
When you are emotionally attached to money, making it is going to be hard.
When you are short of money and need some real fast, it will be hard to use the money you have because you will be protecting it.
When people need money, they hold tight to what they have with a vice like grip which suffocates the chance of making more money.
People who have oodles of money, are happy to spend and risk large amounts of money because they have plenty. Any losses will not impact on their lives too much.
When you have bills to pay and food to buy for your family and you only have a spare £100 in the bank and payday is not for another three weeks, are you going to risk losing it?
Now imagine that you have £100,000 in your bank and all of your living costs are covered, would you risk £1,000 having an eBook written which could generate tens of thousands more pounds for you?
The answer is likely to be yes.
I read a quote today that said:
‘Poor people ask “how much will this cost me?”
Rich people ask “how much will this make me?”’
There is a truth to that quote.
It is a combination of mindset and situation.
A person can remain poor all of their life if they have a ‘how much is this going to cost me’ attitude… but unfortunately, for some, circumstances and situations can reduce people to have to regularly ask that question.
To make money, people need to move from one mindset to the other.
They need to stop asking how much things cost, to how much they can make when they spend their money.
That comes from detaching yourself from money.
The hardest part of detaching yourself from money is that you need to do it before you have any.
When you have a bank account rammed with spare cash, spending money on anything and everything is easy.
When you have very little money and what you have is basically already allocated to bills and living costs, spending it on other stuff is extremely hard.
Somehow, you need to break the cycle of clinging on to and protecting your money.
Now, don’t go sending me emails saying that I’m suggesting people spend what they don’t have and advocating unnecessary risk taking, because I am not… far from it!
I never recommend that people spend money they can’t afford on things that they have not properly researched and spent time evaluating the risks.
You should always weigh up the risks and pros and cons of anything that you spend money on as a way to make more money.
I’m also not saying that it is easy.
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When you have little money spare but you want and need more, you are going to have to make some difficult decisions and you are going to have to let go of habits which are preventing you from moving forward.
And one such habit to break is being too emotionally attached to money itself.
You should always protect the money you have… but there is the illusion of protection that comes from not using it.
If spending £500 having an eBook written and a website built to sell it from could result in you earning £500 per month in passive income, then not spending the money and having the work done is not protection… it is suffocation.
Protecting what you have is perfectly fine if that is what you are doing… but using ‘protection’ as a misguided excuse to not spend money could be costing you more in the long run and keeping you poor… like the early quote suggests.
Deciding to spend money that you can ill-afford to lose is a hard decision to make which is why you need to become detached form the money itself and attached to the potential outcome.
Again, I am not saying that it easy, nothing worth doing is ever easy.
That reminds me of another quote I read this week which was:
‘Being poor is hard. Becoming wealthy is hard. You chose which hard you wish to live.’
Being strapped for cash and constantly struggling is hard. It is no fun at all and it robs the fun out of life. Being poor can be incredibly miserable in a western economy.
Becoming wealthy – or at least better off – is also hard, but it is a better hard which can alleviate a lot of problems and give people peace of mind and security, which as you know, peace of mind and security are two main factors that determine a person’s happiness.
Money may not bring you happiness, but the security and the peace of mind it gives people does.
I’ve mentioned eBooks that you can sell from your own website as a way to generate a passive income, if you would like to learn how to do that for yourself, click the link below:
The 30 Day To 30K Challenge
Kind Regards
John Harrison
PS… There are no limits to how many information products you can create and sell.
A portfolio of products means you have a greater opportunity to earn more. Sell premium priced products and you can make more money selling less.
Here’s that link again: