deepstash

Beta

Money and Confidence are Interchangeable

The Money We Need

We don't really need massive amounts of money to live a happy life.

A good level of freedom and self-confidence can be attained by a relatively small figure of money.

We can take the middle path, doing things that we enjoy, carving a decent earning while attaining an enviable work-life balance.

214 SAVES


This is a professional note extracted from an online article.

Read more efficiently

Save what inspires you

Remember anything

IDEA EXTRACTED FROM:

Money and Confidence are Interchangeable

Money and Confidence are Interchangeable

https://www.mrmoneymustache.com/2018/03/09/money-and-confidence-are-interchangeable/

mrmoneymustache.com

3

Key Ideas

The Money We Need

We don't really need massive amounts of money to live a happy life.

A good level of freedom and self-confidence can be attained by a relatively small figure of money.

We can take the middle path, doing things that we enjoy, carving a decent earning while attaining an enviable work-life balance.

Confidence and Freedom

Many 'high-achieving' people lack flexibility, freedom, and confidence to change things in their life when they want. This is due to the build-in traps and insecurity of living a high achievers life.

A life full of complexity and self-protection lacks confidence and independence.

What Confidence Means

  • It means not equating money with happiness, being self-assured, to understand that you cannot change the world but your response to everything you experience determines your happiness.
  • It means being in control of your lifestyle, to be able to learn new skills, to understand that you can be anywhere, live anywhere, work and make friends anywhere.
  • It is a self-assurance that your kids will be just fine, and the real goal of your life is not to earn money but to attain happiness.

Confidence means believing that you have the personal power to get things done and that your true goal is to live happily.

    EXPLORE MORE AROUND THESE TOPICS:

    SIMILAR ARTICLES & IDEAS:

    Meaning is the associations that our minds draw
    Our brains invent it as a way to explain all the crazy shit that is going on in the world around us. This helps us predict and control our lives.
    Types of Meaning in Life
    1. Cause/Effect Meaning primarily involves the logical parts of our brain: You kick the ball, the ball moves.
    2. Better/Worse Meaning has to do with the nature of our values and relies mostly on the emotional parts of our brains: Eating is better than starving.
    Meaning is nature’s tool for motivation
    It’s how evolution made sure we got shit done. When there is great meaning attached to something, we will go to insane lengths to make things right. 

    3 more ideas

    Time is not money
    Time is not money

    Even if these two share some connections, time isn't money. Time is energy, money is a thing. And they each have power over our lives.

    Money is infinite but time is...

    Disrupting the time-money relationship

    Investing and passive income disrupt the time-money relationship.

    To make money without having to trade any of your time frees up your time to ultimately do things that are more important to you.

    The best investing strategy
    • Make as much money as you can
    • Keep your expenses low
    • Invest the difference
    • The more you invest, the faster your money will compound and bring you more money
    • Sit back and earn money with no effort. You are no longer trading your time for money.

    2 more ideas

    Diffuse the fear of being rejected

    ... by acknowledging and expecting it can and will hurt.

    To overcome the sting of rejection, stop trying to avoid feeling that stings. Stop pretending your unaffect...

    Interrupting rumination

    Make a contract with your partner, family, and friends allowing them to catch you in the throes of verbal diarrhea when you were unfairly treated.

    Work out three or four different activities that will distract you and turn your attention to something productive. 

    Regulate the number of rejection opportunities

     ... you expose yourself to.

    We all have a different threshold of the amount of rejection we can handle. Wisely considering how much more you can handle is essential. 

    Before you take another step forward, ask yourself if you have the right resources and support in place to catch you.

    3 more ideas