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Updated about 8 years ago, 11/22/2016

User Stats

62
Posts
18
Votes
Matt Gehrls
  • Real Estate Agent
  • Grand Rapids, MI
18
Votes |
62
Posts

Money's not a motivator for me, need help with mindset

Matt Gehrls
  • Real Estate Agent
  • Grand Rapids, MI
Posted

I'm reading Think and Grow Rich right now, and the six steps to change your mindset are very specific of the goal you write that you are supposed to repeat aloud twice a day. The problem is it revolves around money, and while I know I'm reading a book about growing rich, money is not a strong motivator for me. I don't think you're greedy if it is for you. It's just not for me.

That being said, at this point I'm not sure the book is doing much for me because it is hyper focused on money. Is there some way to change my mindset about reading about money? I need mindset help for a mindset book....

User Stats

51
Posts
29
Votes
Adam M.
  • Denver, CO
29
Votes |
51
Posts
Adam M.
  • Denver, CO
Replied

We as humans must remember that the key to happiness is progress and the key to fulfillment is self awareness. Don't let these gurus or motivational speakers tell you there's more than that to life. It's can be that simple. The only reason life gets complicated is if you didn't self assess enough to know what your talents and purpose is and even that is simple. What were you always most attracted to and came easy for you. There's a lot of folks I run into trying so hard to be a entrepreneur (Mark Zuckerbergs movie messed with people's heads) but not everyone is meant for that. Some people try so hard to be a real estate investor but they have a unbelievable singing voice or are amazing at making apps. The obvious choice of what they should do is right in front of them but were taught that life is short and difficult. I sucked terribly at school and knew I wasn't destined for a job because I'm terrible at following rules and hate being told what to do and am freedom motivated. So real estate was obvious for me cause I'm not that talented anywhere else but speaking passionately and real estate brings control and leverage for time freedom. 2 + 2 = what I want it to be. When people follow money that's when they forgot when you play the game of Monopoly everything goes back in the box.

User Stats

88
Posts
75
Votes
Mark H.
  • Investor
  • Grapevine, TX
75
Votes |
88
Posts
Mark H.
  • Investor
  • Grapevine, TX
Replied

I dream of having free time for all kinds of activities I enjoy and which happen to cost money. I don't want to work in a cube for another 20 years. REI is helping me reach my goal of early retirement.

In the meantime I've discovered that I enjoy REI and friends tell me that I'm very good at it, so why not keep at it?!

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User Stats

12
Posts
26
Votes
WEN HAN
  • Real Estate Investor
  • Alhambra, CA
26
Votes |
12
Posts
WEN HAN
  • Real Estate Investor
  • Alhambra, CA
Replied

I have never worked for money, being an artist person and all, I always wanted to learn and look "badass" while learning, so I worked for realestate brokers, artists, architects, design and build I just wanted to learn more. " learning" was always my goal and "moving my body"( drawing, painting, working out, running around, wood working, welding, X-sports, basketball  )was something I love doing until I married my husband. I start to think about what "WE" want as we grow together what our life will be like....This gave my "experience" driven mind an anchor : what it's gonna be like when we are 38, 42, 47, 55?!  To actually visualize our future together, holistically, what most people call : LIFE STYLE. that will include 

you, 

your spouce,

your minds, 

your bodies, 

your location, 

your time,

the stuff you have, 

the people around you,

the rest of the world

what are ALL the relationship between these elements?? 

how the stuff and people are serving you?

how you and your stuff is serving people around you and the rest of the world?

how is your body like? what will your body be doing then?

how is your mind like? what will be occupy your mind then?

what are ALL the relationship between these elements?? 

So on so forth...

We are still working on ours:) dig within, dig deep.

User Stats

3,280
Posts
3,064
Votes
Michaela G.
  • Investor
  • Atlanta, GA
3,064
Votes |
3,280
Posts
Michaela G.
  • Investor
  • Atlanta, GA
Replied

I know where you're coming from as money is not my motivator. That doesn't mean that I don't want to profit when I do a deal or that I'm willing to work for free or similar. 

It's about waking up and having a reason and purpose and enjoyment of actually doing what you do in the first place. 

I got into real estate, because I enjoy decorating and designing. Came across a late night commercial of Dave del Dotto and I realized that there was a way to utilize both sides of my brain: the left side to make money and the right side to use my creativity. 

And that's what it's about: Finding a way to enjoy the journey and not just look towards the final destination. 

There are so many facets to real estate and so many ways to get money, that it's important that you find the niche that helps you have fun, while you make money. 

Make a list of things that you're really good and and that you enjoy and then write down all the different fields of real estate investing: e.g. landlording, renovating, wholesaling, note buying, tax sales, etc and find out which of your strengths would fit with which field. Find the right path, that makes you enjoy the journey.

Account Closed
  • Dordrecht, Zuid Holland
4
Votes |
27
Posts
Account Closed
  • Dordrecht, Zuid Holland
Replied

For me it's about being able to enjoy my life on my terms. Money is necessary to pay for the stuff I need. If you do stuff only for the money my experience is that it becomes boring and tedious really fast. 

The key is to find something that you absolutely love, if it generates money, that's nice. If it doesn't cut your costs pay your debt and find a sideline that generates passive income. Investing does that. Take small steps at a time and when you do that, you find life more enjoyable and the money question falls to the background quickly. 

User Stats

8
Posts
2
Votes
David Todd
  • Lake Forest, CA
2
Votes |
8
Posts
David Todd
  • Lake Forest, CA
Replied

Now: My family motivates me. Because I want to spend more time with them, I need better ways to earn money than trading my time for money.

Later: My current employer doesn't provide a pension for retirement - I don't think many nowadays do. If I don't think about money now, I am going to be stuck later on down the road.