Ego vs. Knowledge – The Key to Understanding the Positive Money Mindset




More often than not, what’s standing in your way to success is your mindset. Learn how to reconfigure your mind and frame money in a positive light and brings happiness and abundance.Enter your text here...

How do you feel when you see someone living a lavish life of wealth and freedom?

For many, this can actually evoke negative emotions. Because they see wealth through a resentful lens, they immediately believe that those who have more are doing something wrong to earn it.

These people are the ones who take pride in not having money. So it’s not surprising for them to believe in popular sayings like, ‘money is the root of all evil.’ They think that it’s okay for them not to be rich because it means they’re living an honest and righteous life right now. 

Have you ever felt this way?

If so, there’s only one thing to blame: your ego.

Everything in life has to do with your perception - including money.

In reality, money is neither good nor bad. After all, it’s a piece of paper or an account on a computer system. Everything else is a product of your mindset. So if you believe that money is bad, you’ll subconsciously do everything in power to avoid it. 

But if you see money for what it is – just another tool for living a free and fulfilling life – your mind will attract it.

So, how do you remove your ego from the picture and unlock this mindset?

That’s what you’ll learn in this article.

But first, let’s look at a story that shows how much damage the ego can cause.

Sticking to Your Negative Belief Hurts You

Envy, greed, pride…

There’s a reason why almost every religion considers them sins. And yet, it’s what many people feel when it comes to money.

Thomas Plummer was one of those people. As he freely admitted, it cost him everything.

Throughout his life, he made decisions according to his ego. And only a few, if any of them, had a positive outcome.

According to Thomas, he borrowed money from his family that didn’t have much and lost it all. All this happened because of a business idea that looked amazing on paper, but the business itself lasted all of six months. 

For the longest time, he had been a person who did it all on his own. He wouldn’t accept any help or guidance because - that’s how much he believed in himself. 

This mindset cost him a lot of money, opportunities, and more than a few important relationships.

After getting burned so many times, he finally learned his lesson. To be precise, he’s learned to set his ego aside. But, Thomas still finds himself wishing he’d transformed his mindset long ago.

Even then, any failure can be a lesson if you choose to look at it this way. It’s never too late to learn something if you’re willing to change your ways accordingly. 

Of course, it’d be best to learn as early as possible. Bonus points if you’re able to learn from someone else’s mistakes, such as Thomas’, for example. 

In light of this, here are the most valuable lessons about money based on Thomas and other people’s egotistical adventures.

Lesson 1. Realise that 'Perfect' Doesn't Exist

Envy comes up whenever you covet the seemingly perfect life of another person. You may even feel inadequate as if everything would be alright 

if you could only have whatever somebody else has… 

However, there’s one thing that you need to keep in mind:

Nothing is perfect in this world.

You can’t win the race to have it all. In fact, you can’t even finish it. There will always be more money, freedom, and happiness to achieve. This means that the finish line is always ahead of where you are.

No matter what you have, it will never be enough if you’re to keep chasing perfection. You wouldn’t be able to appreciate your achievements, which can only build up dissatisfaction.

So if not perfection, what should you be going after?

It’s progress and improvement.

It’s fine to want more of something, as long as you appreciate and build on what you have. Instead of chasing after something in front of you, you’ll be moving away from the starting point. You’re moving forward all the time.

Lesson 2. Don't Focus on How Things 'Should' Be

Many people spend most of their life living on other people’s terms. What they may not realise is that it’s their ego that dictates this. The ego craves validation, and it fulfils that need by doing things according to how they ‘should’ get done.

You must understand that there isn’t a right way to do anything. This is especially true for how you live your life.

The word ‘should’ is limiting in itself. By disregarding it, you can unlock new and better approaches to doing everything. And making money is only one of them.

At the end of the day, it’s all about how happy you are with the choices that you’re making. If it’s your desire to challenge the norms and pave your own path, don’t hesitate. Go for it. 

Lesson 3. Eliminate the Defensive Mindset

You have to make good decisions to create wealth. This means that you can’t base your decisions out of spite to what others say or do.

A defensive mindset is all over the place and reactionary. You should get rid of this pattern that doesn’t serve you in any way.

Whenever you see or hear something that triggers a reaction in you, you’ll want to pause and give your mind a chance to keep calm and balanced. Keep your mind open and make decisions from a position of freedom, rather than defence.

With enough practice, this frame of mind will become your default. You’ll be able to take charge of your thoughts and actions. And nothing that others say or do will lead you astray.

Lesson 4. Don't Allow Your Ego to Stop You From Listening

As is evident in Thomas’ story, perhaps his biggest problem was that he never listened to anyone. And he had his ego to thank for this.

The bigger your ego, the less open you are to other people’s advice and knowledge. 

With a big ego, it’s like you’re putting up a big wall around you - nothing from the outside will reach you. The other way to look at it is that you’re confined to the wall’s limits.

When you make wrong decisions and choices, which is only human, your big ego most likely won’t allow you to learn from them. 

You don’t need anyone to tell you how this can be harmful on so many levels. 

To avoid this, you’ll have to temper your ego and become more receptive to the advice of those around you—particularly those who have been there and done that, or those who want to see you succeed.

Lesson 5. Understand that You're Not Your Work

The ego comes to the surface because people need to identify with something. This is usually with regard to the person’s employment, money, clothes, possessions, and everything else that’s visible to others.

However, identifying yourself with the above isn’t going to benefit you. It can only make your sense of self-worth dependent on the things around you.

That’s what makes people feel inadequate for not having enough money, freedom, or whatever they associate themselves with. On the flip side, if they happen to have got it, they get all arrogant and think they’re better than those who haven’t got it. 

Either way, it’s not a good place to be in.

This is why you must understand that you’re not the work that you’re doing. You’re not the money that you’re making or the vacations that you can afford to take.

You’re more than all of the above.

You’re the person who accomplishes those things, which don’t have to define you. Understand this, and you can commit to building whatever you’re looking to build in life. Your ego will no longer be holding you back.

Lesson 6. Know When to Let Go

In line with all those mentioned above, you need to know that those who base their self-worth on their work can’t afford to fail. Because of this, they often get stuck at doing things that don’t work. For them, being stuck hurts less than admitting failure.

If you’re able to let go of your ego, you’ll recognise failure for what it is - a stepping stone to success. The more you fail, the more you’re learning and the likelier that you’ll get it right the next time.

Remember that your ego is afraid of failure, but you don’t have to be the same. Takedown the walls and don’t be afraid to mess up. 

Free Your Mind

One’s ego is to blame for the many obstacles that stand in their way to success. Your ego limits your mind and growth in defiance of your potential.

With the above tips, you can eliminate your ego and replace it with confidence. From that point on, everything will become much more effortless, and your mind will attract wealth.

Do you need help with the development of this frame of mind?

Contact Success and You today for a free one-on-one coaching session. You’ll get an inspiring 45-minute phone call to help you bridge the gap from where you are now in your life to where you’d like to be.

Peter Conna

About the Author

As a business mentor, Peter Conna inspires business owners to apply rapid growth strategies in their businesses. Perhaps more importantly he helps bring more balance to their personal lives, especially their health and relationships.

About the author, Peter Conna

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