How to Master Money and Not be Dominated by It
How to master money is a question closely linked to people throughout their lives. Omnipresent in their actions since they make use of conscience. It largely controls your time, because it defines times when certain things can or cannot be done. Situations to start or finish something, stop or move forward.
Money tends to control the rhythm of life, and from there it comes close to taking control of destiny.
Its regulatory nature intervenes in the dynamics of the soul. Because it influences feelings, conditioning joys, and sorrows, joy, and anxiety. Model emotions, and from there also take control of the future.
Finally, it also affects values: faith, virtue, patience, love. Thus he alters the manifestations of the spirit and takes the final step to rule destiny.
Downplaying money or depriving it of its specific place in life is a MUST. This only enriches a long history of ignorance on the subject.
That story begins many years before each person’s birth. Since the nature of the relationship is determined by parents, grandparents, and previous generations.
The logic in this regard comes from the guidance received within the family. And in that sense, all are helpless receivers of the content of the messages.
From any point of view, the family responsibility in education on how to master money is decisive. How it is handled depends on the vulnerability that people have in this regard and the form that this complex relationship takes in the course of their lives. Without appropriate family participation, the fragility of individuals in their relationship with money acquires characteristics that are difficult to modify over time.
In this sense, the error of families in the process of educating about money is based on two aspects:
- Parents maintain, many times, that money is not important.
- They affirm, also many times, that it is not everything in life.
The first statement is absurd. Money is a very important aspect of the dynamics of life.
The second is a truism truth. Money is not everything in life, and for this reason, its specific value should not be increased or decreased.
The best-performing families properly educate their children on these issues. And they build another unquestionable fact: the generational transmission of financial prosperity.
The definitive formula of how to dominate money is simple: man is the one who must DOMINATE money and not give margin to the contrary.
Mastery emerges from knowledge. The older he is, the broader the power and the capacity for control. When knowledge comes from within the family, the burden is lighter and the probability of victory increases. Dominating involves submitting. Money is a “servant” or master. Powerful servant or powerful master.
Dominion represents sovereignty. It is the man who determines the “how” and the “when” concerning the scope and benefits of money, or it is he who establishes the guidelines. The sovereign is not subject, he determines.
Finally, domain means setting the correct dependencies. Either money depends on the ability to produce it or the ability depends on it.
How to master money? Through three routes, all of similar importance:
#1. Having the necessary and sufficient capacity to produce it.
Here knowledge is vital. First to know the specific dynamics of money and then to understand the ways to generate it. Lack of knowledge is a sentence that subjects the individual to the will of money.
#2. Losing the fear of failure in attempts to produce it
The more fear, the less capacity to produce money and the meager the results. Overcoming fear is a matter of character, resolve, and determination to achieve indispensable mastery.
#3. Having the ability to SELL the ability to produce money.
As long as the knowledge of a trade, or the potential of an undertaking, remains inactive or is not exposed to demand, it cannot materialize. The ability to produce money must be activated in the market, in the community, in the social environment that determines the exchange of goods and services.
The combination of these three factors is essential to achieve mastery.
A fourth factor (very important), does not have a direct relation to the domain: the administration of the money that has been produced.
The inability to manage money well generates fragility, but in this case, we are already talking about efficiency, not effectiveness.
It is necessary to be efficient in money management because this contributes to stability, but the only thing that guarantees dominance is effectiveness. In other words, the specific capacity to produce it.
There is a difference between the two.
With the money you need to be effective rather than efficient; first, the domain is obtained and then the process is optimized.
Those who gain dominance but are not efficient in their management are probably not good prospects for financial abundance, but they have a high probability of not being among the victims.
The dominion over money is then based on knowledge, character, and ability to sell. None of these elements can fail.
An important point: knowledge to produce money is not associated with the conventional understanding of vocational training (it does not exclude it, of course). It is linked to the highly qualified exercise of this knowledge.
The only knowledge, which in itself is enabled to produce money in a sustained manner, is that which is practiced with quality.
It is not about being a learned lawyer, but the best lawyer. Neither is a doctor with many studies or experience, rather the best doctor. The profession or the specific trade does not matter, because an ice cream man or a blacksmith can be equally or better equipped if he is the best at what he does.
Life does not guarantee anything to those who calculate that by entering the Academy they advance in their objective of producing money. The same or greater probability is reserved for the hairdresser or the plumber. Everything lies in the QUALITY with which the knowledge is practiced.
You have to be aware that the best academic training is only a document hanging on the wall if there is no determination to be the best at what you do. Herein lies the ability to make money.
The same applies to those who choose entrepreneurship. Distinctive quality is also demanded from him in the product or service he offers.
Regarding the character necessary to achieve dominion over money, any requirement is short. The System is implacable, and little forgives the indecisive, the cowardly, or the one who does not want to take risks.
The world demands character to accompany any knowledge, and this is forged in misfortune, in adversity, in the fall.
Who a priori avoids all this out of fear, never develops the character that is needed to travel and pass the tests. Woody Allen said, “It has taken me ten years to be successful overnight.” Character grows stronger with each fall, and success manifests itself in rising.
There are many more who can achieve quality knowledge than those who can accompany it with the character that is required.
Finally, the ability to sell what is and can be done is essential.
This game is not about “being for yourself.” Money is a product that is traded and therefore has as much to do with one as with the others.
People who only admire their nose and are not willing to expose it to others, cannot achieve dominance over money. In transactional logic, it does not matter what one thinks or believes about oneself, it matters what others believe or thinks about one.
Knowledge and character can end up pristine in a closet if not sold to others. Gertrude Stein, the American writer stated: “The money is always there; only the pockets change ”. This “change of pockets” occurs only when someone buys what another WANTED and was able to sell.
Poverty in essence is explained by the lack of knowledge about how to master money.
It is sad not being able to be more positive in dealing with this issue. It is a matter that hardly allows it. However, it requires the definitive importance that it has. William Shakespeare, the great English poet, and playwright used to say: “if money goes ahead, all doors will open.” And this is the sober truth. Closed doors in life affect the soul and damage the spirit.
The money, after all, is there to help open them.
On the other hand, the domain that is achieved supports the affirmation of that other great man, José Ingenieros, who with the greatest pragmatism left this phrase:
