Advertising
Advertising

Last Updated on February 28, 2018

Greed Is Something We Should All Strive For

Greed Is Something We Should All Strive For

Most of us don’t want to be called “greedy.” Nobody wants to be the person who fills his plate and leaves others hungry or the person who waits for relatives to drop dead so he can get an inheritance. Greed reveals a darker side of human nature.

There are 2 sides to every coin, though. Could there be a positive side to being selfish?

Greed exists for a reason

When someone is uncomfortable with personal security, their anxiety may manifest as greed. This anxiety may stem from trauma or neglect. For example, a person who grows up not having enough to eat may hoard food and overindulge in adulthood.

In addition to anxiety, many greedy people have self-esteem issues. A child who doesn’t get enough attention grows into the adult that must be in the limelight. People who are insecure about their purpose in life sometimes tie their self-worth to having an abundance of items. Stuff is no substitute for being loved, but the person may feel a temporary sense of comfort from material possessions.[1]

With all the negativity in the news, people feel threatened more than ever. You may have noticed an uptick in greedy behaviors as we all grapple with uncertain times.

We can understand why someone behaves this way, but it doesn’t make us like greedy people more. Even if you know why your friend always takes too many slices of pizza, you’ll still be hungry.

Advertising

Taking too much harms others

Taking more than you need might not sound bad, but greed ca be negative for others. Look at what happens when the weather service forecasts a major storm. People panic, and instead of buying what they need, they clear the store shelves. The people who arrive late aren’t able to buy anything because there’s nothing left. Greed may be great for the economy, but it doesn’t do much for the human beings on the losing end.

Broadly speaking, when people fixate on hoarding objects or satisfying a desire for more stuff, they miss out on the richness of life. The person will almost never be satisfied, and after they get what they want, they’ll be on the prowl for the next big thing.

Many people realize they’re being greedy and hide who they are. A person who craves having power may become a politician. To do this, he may have to deceive others and craft a persona that will afford him what he wants. He may say–and even believe–that he wants to help others. He may champion the underdog and speak out against the power-hungry even as he lusts for power himself.

Greed doesn’t have to be terrible

Greed can serve a positive purpose in some contexts. One positive is that it’s a form of motivation. Greed inspires people to push for better social and economic outcomes than they have.

Altruism is a better force for creating positive change, but it takes time to develop it. Greed readily dovetails with consumerism. Our society is built on and supported by greedy behavior, whether or not we like it. The quest for more and better stuff has driven societies to the highest levels of achievement.

Societies that try to function without greed and hierarchy dissolve into chaos. Having a hierarchy naturally causes inequality, but people with more power often take actions that improve our lives.[2]

Advertising

Over two centuries ago, Adam Smith, economist and philosopher, explained that individuals who acted out of self-interest would be supported by the economy and make society better. The greed behind capitalism may seem unattractive, but the results are often desirable.[3]

We saw examples of this prosperity in the US in the 1980s and 1990s on Wall Street. Productivity was high and unemployment rates were low. The stock market made many investors wealthy.

When the dotcom bubble burst and the value of shares dropped, people realized that greed has its limitations. In 1999, American households had a net worth-to- income ratio of 6.3. It has since fallen to 5.3. Even though we’re still doing better than our long term average, we’ve seen a decrease in quality of life across a large portion of the middle class.

Optimistic investors feel that this is part of the natural ebb and flow of the market, but perhaps this downturn was a warning about going for things well outside of our means.

Can it really be bad for us to recognize our limits and live in accordance with needs instead of wants?

Use greed to your advantage

1. Recognize the root of your greed.

Advertising

Greed may be a sign that you have some insecurities to work through.

Someone who constantly has to shop may be trying to fill an emotional void or insecurity with stuff. If you find yourself loading your shopping bags every week, think about why you’re doing it. You may even need to seek professional help to deal with these issues.

2. Use greed to drive change.

Greed motivates you to climb the socio-economic ladder.

The unhappy person can change their life. If you’re unsatisfied with your quality of life, your desire to accumulate things could be a sign to get a better job or capitalize on an idea.

3. Sharing is caring.

Advertising

If your desire for more things ends up making you wealthy and successful, use your power to look out for others.

When you’re top dog, you have a great opportunity to give back. Look at the philanthropic work people such as Bill Gates and Oprah Winfrey do because they have the means.

Following these steps gives you a chance to reflect on yourself and affords you a opportunity to make the world better.

Flip the notion of greed on its head

Most of us possess a basic drive to want things that we don’t have. Instead of viewing this as a negative mindset, see it as an opportunity to improve your life and the lives of others.

Featured photo credit: The Digital Artist via pixabay.com

Reference

[1]Psychology Today: Is greed good?
[2]Time: Greed is Good: Science Proves It
[3]The Economist: Is Greed Good?

More by this author

Anna Chui

Anna is a communication expert and a life enthusiast. She's the editor of Lifehack and loves to write about love, life, and passion.

27 Ways to Instantly Feel Better When You’re Down Are We Spending Too Little Time on Too Many People? How Self Doubt Keeps You Stuck and How to Overcome It 7 Signs of an Unhappy Relationship That Makes You Feel Stuck 53 Relationship Questions That Will Make Your Love Life Better

Trending in Mental Strength

1 How to Live up to Your Full Potential and Succeed in Life 2 10 Strategies to Keep Moving Forward When You’re Feeling Extra Stuck 3 Anxiety Coping Mechanisms That Work When You’re Stressed to the Max 4 7 Reasons Why You Should Find a Life Coach to Reach Your Full Potential 5 Are You Too Lazy or Just Haven’t Found Your Passion Yet?

Read Next

Advertising
Advertising

Published on November 19, 2018

How to Live up to Your Full Potential and Succeed in Life

How to Live up to Your Full Potential and Succeed in Life

Have you ever heard the phrase “He had so much potential, it’s a shame he wasted it.” In our culture, not living up to your full potential is frowned upon, but why?

In this article, we will look into the factors that influence a person’s potential and the ways to help you live up to your full potential for a successful life.

What Determines a Person’s Potential?

A person’s potential is determined by several factors: Physical Security, Emotional Security, Environment and Mindset.

Physical Security

Before we can even strive to fulfill our potential, our basic physical needs must be met. Without adequate food, water and shelter, our days must be spent acquiring these basic needs in order to survive.

You can think of it this way, the person with the potential to become the most brilliant computer programmer ever could be living right now with a nomadic tribe in sub-Saharan Africa. But because they must spend their days meeting these basic physical needs, that potential will remain untapped.

Emotional Security

Humans are social animals, we don’t do well in isolation. Studies have shown that forming intimate bonds with others is incredibly important for our mental health. These bonds start to develop in infancy, babies rely on this bond with a parent or caretaker to fulfill their needs, and if the bond is missing for some reason it can have lifelong psychological consequences.

Environment

Your environment is another important factor that shapes how you achieve your full potential.

Just like the computer programmer in the previous example. You could have the potential to be the greatest composer since Beethoven, but if you had no access to music or you came from a family that didn’t value that skill set, it’s unlikely that you would fulfill your potential in that area.

Mindset

For most of us, we don’t have to worry about getting enough food, water or shelter. Both our physical and emotional needs have been met (to a large extent anyway). And any limits that our environment has imposed are minimal (especially with the availability of the internet).

So for most of us, the main thing that is limiting us from reaching our full potential is our mindset. Our mindset is the story we carry around with us in our head. It starts to develop in childhood and can be with us our entire life.

Your Mindset Is the Key

The problem with most people’s mindset is that it’s negative and limiting. The good news is that you can change your mindset. Author Carol Dweck in her best selling book Mindset points out that there are two types of mindsets: fixed and growth.

Advertising

A Fixed Mindset

A fixed mindset is one where you have concrete beliefs about yourself. Someone with a fixed mindset came up with “their story” in childhood and it hasn’t changes much over the years. They may believe that they aren’t good at public speaking, math or writing just because they struggled with those subjects in school.

So when something goes wrong, a common thought for someone with a fixed mindset is “What an idiot, I knew I wasn’t any good at that.” Or “Well that just confirmed what I already knew, I won’t be doing that again”. Having a fixed mindset just reinforces negative thoughts and attitudes, making it harder to reach your full potential.

A Growth Mindset

A growth mindset, on the other hand, is exactly the opposite. With a growth mindset, you believe anything is possible (but don’t confuse this with being delusional! As a 5’10” 54 year old I’m not going to play in the NBA!). It’s more of the way you think about and approach problems.

Let’s go back to the issue of not being good at public speaking, when things go wrong, instead of telling yourself that you have never been good at public speaking and never will be. A person with a growth mindset will analyze what went wrong and come up with solutions to make it better next time.

For instance, they may take a class on public speaking at their local community college, or join the Toastmaster’s organization. Whatever it is, they don’t look at failure as an insurmountable roadblock, rather a minor detour on the road to their destination.

How to Live up to Your Full Potential and Succeed in Life

1. Develop a goal

When setting goals, it’s important to keep in mind three things:

First, they should be specific and not vague. So instead of saying “I want to live up to my full potential in life”, a more specific goal would be “I want to become the best (salesman, artist, internet marketer) that I can be.” This is a much more specific goal.

Second, your goal should be measurable. In other words, you should be able to measure your progress towards the goal. Again, it’s much easier to measure your progress to becoming the best artist you can be than it is trying to measure your progress at living up to your “full potential”.

Finally, a goal must be written down. This takes the goal out of the realm of wishful thinking and makes it more real. It also can serve as motivation if you post your goal where you will see it. Put it on your desk, or next to your computer just to remind yourself to keep moving forward. In short, a goal that isn’t written down is just a wish.

This article can help you about setting personal goals to become a great achiever:

How Setting Personal Goals Makes You a Greater Achiever

Advertising

2. Understand that achieving your goal is often times a by-product of what you are doing

Let’s say that your goal is to become the best writer you can be. You may want to measure your success by your ability to get published or in the case of blogging, how widely read your articles are.

Instead of constantly worrying about reaching your goal to be the best, your time is much better spent just writing. As with anything, the more you do it, the better you’ll get.

It’s the same with any goal, it’s important to set them, but achieving your goal of becoming the best salesperson is really just the by-product of you getting out there and selling!

3. Don’t let popular opinion dissuade you

Have you ever heard of the Bannister Effect? For years it was considered a law of nature that the human body was incapable of running a mile in less than 4 minutes. That was until May 6, 1954 when Roger Bannister ran a mile in 3 minutes 59.4 seconds. He did what was long considered impossible, but it turned out that it was only impossible because people believed it was impossible.

Roger Bannister didn’t let popular opinion stand in his way, and after he proved that the 4 minute mile was only a psychological barrier, others have continued to break records. Today the current record holder is Hicham El Guerrouj with a time of 3 minutes 43.13 seconds!

4. Don’t be afraid to push the envelope

Almost by definition, living up to your full potential requires you to step outside your comfort zone and expand your boundaries.

Average people do average things, get average results and live average lives. Extraordinary people do extraordinary things, get extraordinary results and live extraordinary lives.

You’ll only live your best life once you step out. Here’s how.

5. Practice discipline

Admittedly, this comes easier for some people than others, but it’s a skill that you can develop and will serve you well in all aspects of your life.

Another way of thinking about discipline is just delayed gratification. How many times have you been on a diet, but there’s a piece of cheese cake in the refrigerator calling out your name!

Having discipline is not a matter of not wanting the cheese cake, discipline is acknowledging your desire for the cheese cake but realizing that this craving is only temporary, and once it passes, you will be much happier that we didn’t succumb to a temporary urge.

Advertising

The bottom line here is that while you may want to stop working at 5pm sharp, or watch the game on Saturday, but by developing the discipline to delay satisfaction you will be pushing your boundaries and reaping the rewards that come from that extra effort.

6. Be confident

Have you ever dealt with someone who was new at their job and lacked confidence? Maybe it was a salesperson who couldn’t answer basic questions about a product or just gave you flat out wrong information. Did you end up buying from that salesperson?

My guess is no, I sure wouldn’t.

Confidence comes with knowledge, discipline and experience. But how do you develop confidence if you are just starting out like our intrepid salesperson? While experience comes with time, knowledge can be acquired fairly quickly, especially if you have already mastered the art of self discipline!

A good rule of thumb is to always start with knowledge. Learn as much as you can, take classes, get a mentor or just do research. If you are disciplined enough to develop the knowledge it will make getting the experience much easier.

7. Accept that you will fail

There is no such thing as an overnight success. Failure is a part of life and it happens to everyone. In fact, there is a whole body of thinking that failure is actually better than success!

While most of us would agree that success is better than failure, when it does happen, here are some thing to keep in mind:

Don’t take it personally. A failure in a job, career, business or marriage is just that. It is not reflection on you as a person. I had a friend who lost his entire fortune (over 20 million dollars) in a business deal. I called him shortly after and as expected he was very depressed. My only advice to him was to:

“Never confuse your self worth with your net worth”.

Move on, failures can be heartbreaking, embarrassing and demoralizing. Take the time needed to go through those feelings and process the emotions. Then, let it go, holding on to negative emotions keeps you stuck in a fixed mindset. Remember that your goal here is to live up to your full potential and succeed in life. Dwelling on past mistakes and failures is the surest way to derail your progress.

Let failure be a learning opportunity. I know it’s a cliche, but it’s a cliche for a reason, it’s true! When I first started internet marketing, I started using Facebook ads for practically everything I did. Pretty soon I found that I was spending about $1,000 on ads that were generating about $200 in income, not a very good business model! I took that failure and redesigned my marketing efforts. I was able to both reduced my costs and increased my sales so that now for every $1,000 in advertising I am generating around $5,000 in income.

Advertising

8. Learn to embrace uncomfortable situations

Succeeding in life by living up to your full potential means embracing uncomfortable situations. Chris and Heidi Powell, well known personal trainers and hosts of the show Extreme Weight Loss use this technique with their clients. It works like this:

They set a goal for their client that the client thinks is just out of reach. Then through encouragement and motivation, they help the client work though the uncomfortableness and pain to achieve the goal.

This technique works for both physical and psychological challenges. Both our bodies and minds are capable of much more that we think they are.

9. Set small goals to achieve big results

When you are first setting goals, don’t be afraid to make them big! “I want to be the #1 salesperson in the company” or “I want to be a successful artist”. But once you have those goals set, you then need an action plan to get there. It’s in this action plan that you should set many small, easily attainable goals.

For the salesperson, it might be to increase the number of sales they make by one a week in the next quarter, two a week for the 2nd quarter etc… For the artist, it might be to master a technique before the next art show, or produce X number of works to sell at the art show.

Whatever the goals are, they need to get you closer to your ultimate goal while at the same time be attainable. Success builds on success, so achieving these small goals helps to motivate you to continue on to your bigger goals.

10. Take time to recharge

Everyone needs “down time”, trying to do everything yourself, all at once is a recipe for disaster.

We talked a lot about being motivated and disciplined in this article; while they are essential to living up to your full potential and succeeding in life, having adequate down time is just as important.

Any personal trainer will tell you that to get the most out of your workouts, you need to take 1 to 2 days off a week. This gives your body a chance to recover and actually get stronger.

The same is true when we are trying to expand our boundaries and fulfill our potential. Making sure we have adequate down time prevents fatigue anxiety and poor decision making.

Final Thoughts

The success you’ll find from living life to your full potential is its own reward. One day, we all will look back on our lives and and think “I wish I would have done …”, “I had a chance to to be a … but I was to scared”, “I could have been a great … if I had put the time in.”

I hope that in this article, we have given you both the motivation and tools to push yourself to your full potential in life, so that when you look back one day your regrets will be few.

Featured photo credit: https://unsplash.com/photos/_H0siQHdMM4 via unsplash.com

Read Next