Individual money management is a breeze for some, a chore for others, and impossible for far more than our nation of political knuckleheads know or understand. The manifestations of poor mental wealth are evident every day, displayed in outbursts of verbal and physical assault, homelessness, and social media engagement. You read that right, “social media engagement.”
Wealth is far more complex than how much one receives through earned, unearned, or contractual income. Millionaire, multi-millionaire, or billionaire status is rather meaningless when one is struggling with the ravages of terminal cancer or profound trauma. And yet, those with money generally have a better chance of surviving cancer or trauma with money than without, but do they? Does money alone cause one to have a longer life, or is it something else?
A + B = C. This is an example of linear thinking. More often than not, from birth to death, it’s linear reasoning that is taught in school and through a wide range of social engagements. Linear thinking has, in my opinion, influenced the majority of investment decisions by the majority of people. This is not good and rather dangerous. While money provides life’s necessities, it should also be a source of freedom and enjoyment; however, Money + Spending = Happiness, well, not so fast Gomer. Let’s sit down on the cooler, lift our ball caps, and pop a soda with some peanuts and think about this linear thinking of money, spending, and happiness. What’s the keyword? Money right? Money equals happiness, right? Nope. Not a bit.
Let’s shift gears and make this a bit complex, and I want you to think of the concept of “complex thinking.” Ready? Here we go.
Many of us have engaged with a tremendous number of people over the years, most of the engagements are fleeting and inconsequential. Nothing happens that is memorable or distinguishable from others. Why are most people faceless and meaningless to the overwhelming majority of the population? I ask this as it will lead to something that I believe is essential share. Now pause, actually pause for a moment and think about this for a moment: Why are so many people you come into contact with mean “nothing” to you, and yet, why do so many people you’ve never had contact with rapidly become deeply connected to you?
If you paused and thought about it, I am willing to bet that you thought one or more of the following:
“If the person didn’t do something to stand out, why should I notice or remember them?”
“Most people are boring. Why should I pay attention to them?”
“I don’t care about people I haven’t met, Why would I?
“That’s a stupid question, and I don’t know where this guy is going. He better hurry up and get to the point.”
Answer: “Mirror, mirror on the wall, it’s all about me, just as it should be.”
If you don’t understand, don’t worry, you will.
Everyone has a complex money personality that is part of a lifestyle personality. One’s lifestyle personality is a concept that I created a few decades ago to explain why one person can save money while another is not. And it’s not a linear line of thought as those with money can be poor and those without are rich. How one or both can be happy or sad. And finally, some who found fame and fortune are despised, others exalted, and the same applies to those who toil in poverty with passion. Difference with similarities lies in one’s lifestyle.
How simple is it to change one’s money personality? It’s easy by knowing, understanding, and making a habit of thinking of these ten words:
“I am a lifestyle business where business is a lifestyle.”
No matter who you are, you are a business. As an employee, self-employed, or employer, you have a lifestyle, and it is a business. You may not want to think of it this way, but it is what it is. You cannot change this by ignorance or force. Unfortunately, false memories, a psychological phenomenon where one recalls something that did not happen or differently from the way it happened, is as common as the common cold. Those suffering from false memory syndrome is found in all levels of wealth, income, education, employment, race, and sex. The day-to-day life of those with minor to major false memory quirks can be easily dealt in some cases, and in others, the only solution is to disengage from the person as they are toxic and destructive. When two or more with the same false memory have the same narrative, a tight bond may result that over time, could develop into a cult of like-kind members. Some are called gangs, others deviants, and some climb the halls of justice and ride herd over the lives of the accused.
False news reports, misleading photographs, repetitive dribble about who’s doing what to or with whom is not only mind-numbing, it’s intellectually disturbing.
A + B = C?
Complex thinking where the story never ends with ongoing connections, cause and the effect is a world that those with a diachronic personality live in. On the other hand, the episodic personality compartmentalizations and deals with life in chunks and segments. The diachronic connects the dots. The episodic sees the dots.
If one wants to achieve success in life, one must connect the dots. The complex thinker understands the relationship between physical, emotional, intellectual, relationship, and financial wealth. The linear observer sees fitness as a gym membership and financial wealth in its own independent spot in one’s wallet or brokerage account. Complex or linear, reality or false memory based, habitual or disjointed, focused or distracted, whatever one is, everyone either majors or minors in their lifestyle and that lifestyle is one’s business.
Think about it.