Why You Don’t Have Money

If you don’t want to wait to learn why you don’t have money, scroll down to the very last line. The answer is there.

Growing up in a middle-class Christian home, I often heard these sayings a lot, either from family, friends, or teachers:

“Money is the root of all evil.”
“Rich people are evil and must be stopped.”
“You can’t buy happiness!”
“I don’t have time to learn about money; I have my own struggles!”

i-love-moneyI can partially agree with all of the above statements. When some people get money, they can become pretty evil. There definitely are greedy rich people who put money over the needs of actual people. I know miserable rich people and happy poorer people. And, I have things in my life that demand my priority too, so I can’t learn all the ins-and-outs of money like a PhD student in economics.

However, the problem with the above statements is that they all show a basic aversion to money and chosen ignorance of making it. I know people who really need more money, who need money for things like house repairs, medical costs, transportation, etc, who have these attitudes. They wonder why they are always struggling.

Imagine if you wanted to exercise and lose weight, yet you believed…

“Health is the root of all evil.”
“Fit people are all snooty and bad.”
“Being healthy won’t make you happy.”
“I don’t have time to learn how to eat healthy and exercise.”

My best guess is with those attitudes, you won’t get healthy. And why would you? Your fundamental approach to the issue tells your brain over and over again that healthy people are bad, and having health is a bad thing and not worth caring about.

I am not saying changing your attitude about money is going to make you money. However, as I mention in all of my books, especially Say It Like You Mean It, every action begins with a thought, so you can’t take right actions if you don’t have the right thoughts.

Here is the thing. Rich people get rich because they care about money, and learn the ins-and-outs of it. You can criticize them as shallow all you want, but…

While you were learning all the stats about Ohio State Football (or any other major sports team), and spending hundreds of dollars to support them, the rich guy next door was using that time to learn about money and spent hundreds investing.

While you were memorizing and downloading every Metallica album, making them wealthy, a rich guy was learning about the music industry and approaching bands about how he can help them make money.

While you were watching every episode of Star Wars, spending hours debating about the canonical status of the various books, a rich guy  spent hours watching investing videos, and was debating with a friend about the best way to make money investing in the film industry.

While you were producing 10k tweets over the last year that basically told 100 followers what you were feeling at a given moment, another guy was writing a hundred short stories on Amazon that are now generating passive income.

While you were keeping up with the Kardashians, a rich woman created a brand of reality that others wanted to watch and is now getting her own TV show (which you will likely watch and purchase the merchandise).

So, here is the deal. While I’m not saying it is necessarily easy to get rich, if you hate money and the people that have it, and don’t make time to understand it, you are leaving money in the hands of the already-rich.

Why don’t you have money?

Because you don’t care about learning how to really make money and create wealth.

There are other things in life that matter. I agree. But if you spend your time focusing on gardening, music, football, etc, and don’t have time to learn about how money works and ways to create wealth, don’t be shocked that you have the greenest garden, the biggest MP3 collection, and the best memory for quarterback ratings at your local bar, but no money.

I hate MLM products. I think they are horrible ways to make money. However, people that try to sell them are at least breaking out of the mold of the “work 60 hours a week for someone else until I die miserable and poor before I can retire” mindset. Those people are at least trying, and I find sometimes that can be a good start to actually caring about money.

I started caring in 2002 when I needed to open a credit card. Nobody would give me credit. I learned everything I could about investing and money, and even got my license to sell stocks and bonds.

It wasn’t until 2010 that I started to get the vision of starting my own business as an option to get out of the “trade my freedom to work for someone else” mentality.

This has been a long journey that is still unfolding, but I have saved and made a lot more money that I would have otherwise not made thanks to my knowledge and interest.

So, start learning. One book that absolutely changed my view of wealth was Millionaire Fastlane. I highly recommend it as a book to get started.

The books below are also helpful:

Personal Finance For Dummies
Investing For Dummies
The Luck Factor
Wealth Secrets of the One Percent (as of this post, soon to be released)

About David Bennett

David Bennett is author of seven self-help books, and an in-demand speaker and consultant. Over a million readers per year read his online content, and his writings have been referenced in many publications and news outlets, including Girls Life, Fox News, the New York Times, Huffington Post, and BBC. He also writes for The Popular Teen, and other sites. Follow him on Twitter.

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