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Why Money Might Not Be As Important to You As You Think

Why Money Might Not Be As Important to You As You Think

Pop quiz: Name three aspects of your career or business that are more important to you than money.

Okay, just name one.

It’s not easy, is it?

We’re not trained to think this way. Since childhood, we’ve heard repeatedly from authority figures that getting a job or launching a business is all about “providing” or “earning a steady income” or “making a living.” All of which mean money — and only money.

I’ve probably given this more thought than most people have, for one reason: Simple math. I remember as a kid thinking about what a massive portion of my life I was going to spend working — eight hours a day, five days a week, for decades. So it occurred to me I’d better find a career that I’d actually like, or at least not hate.

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So as I began looking for my first job, I made a list of things that I would gladly trade for more salary. It was one of the most valuable exercises I ever engaged in for determining my quality of life.

I’ve added to it over the years, and below is my current list of factors that are more important to me in my career than earning more money. Ask yourself if any of these would apply to you as well.

I’d gladly trade more money for…

1)   The ability to do something I love for a living

2)   The freedom to work flexible hours

3)   The freedom to work from anywhere, including home

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4)   The freedom to dress any way I choose while I’m working

5)   The opportunity to work with people I like and respect

6)   The ability not to have to manage anyone

Some of these might seem trivial — working from home and dressing in shorts and t-shirts while working (which I’ve done more or less every day for a decade). And some might seem like the exact opposite of what we’re taught about professional advancement — like not wanting to manage people, not wanting to “climb” any “ladder.”

Write your own list of things you’d trade for money

I think it’s a great exercise to write down your own list, for several reasons. First, it’s a great way to hone in on what really matters to you in life. I think you’ll be surprised at how low money actually ranks on your list. If you don’t believe me, imagine a recruiter called you to offer you a job that paid twice (or three times, or five times) what you earn today. Now imagine the job…

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1)   Had a two-hour commute

2)   Demanded you be in the office 10+ hours a day and often on weekends

3)   Was a high-pressure environment where supervisors berated the weaker performers

4)   Wasn’t something you enjoyed doing Now spend a minute thinking about all of that extra salary you’d be earning. Would it be worth it, if it meant giving up so much of your life to a long drive, long hours in an environment where you didn’t feel comfortable doing something you didn’t enjoy?

Ask yourself: How much money would I need to give up the best thing about my job?

Thinking about this from another angle, consider the highest-ranking non-monetary item on your list — or, if it’s easier, consider the thing you like best about your current job or business. Maybe you live close to your office, or you have a very flexible schedule and can disappear when you need to take some personal time.

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Would you give that up for another $5,000 a year? How about $10,000?

When you think of it this way, you can see just how much competition money has for things that really matter to your professional happiness.

Money is how we all keep score, and it makes sense that by default it’s where you’d put your focus and your energy — and your frustration if you aren’t happy in your career.

But when you realize that your professional life can be shaped by many key factors other than money — doing what you love, working with people you respect, setting your own professional path — you’ll find it a lot easier to start reshaping your career the way you want it… without worrying so much about sacrificing salary. You might even realize you’re a lot closer to achieving professional fulfillment and happiness than you thought, when you were focused primarily on the size of your paycheck.

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robbie hyman

Copywriter

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Last Updated on June 25, 2019

5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

Millionaires and billionaires read more than you think. In fact, the likes of Warren Buffet are said to read 1.000 pages a day. As the old saying goes “There’s no smoke without fire”; so, start off with these 5 incredible books!

1. The 48 Laws of Power

48-laws-of-power

    “If you are unsure of a course of action, do not attempt it. Your doubts and hesitations will infect your execution. Timidity is dangerous: Better to enter with boldness. Any mistakes you commit through audacity are easily corrected with more audacity. Everyone admires the bold; no one honors the timid.”

    On your journey to becoming a millionaire in your 20’s, there will be many people trying to manipulate you into doing what they want. This international bestseller by Robert Greene is the widely read by those in the entertainment industry because of its dog-eat-dog environment. This book is a must-read for anybody who wants to claim power and keep it. it’s a fun read that tells the story of some of the most powerful people in history.

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    An example of a law of power is: Always say less than necessary.

    • When trying to impress, the more you say the more common you look and less in control.
    • Be vague.
    • Powerful people impress and intimidate by saying less.

    2. Influence: The Psychology of Persuasion

    influence-the-psychology-of-persuasion

      “Often we don’t realize that our attitude toward something has been influenced by the number of times we have been exposed to it in the past.”

      This book explains the core strategies people use to influence others using real world examples. Robert Cialdini’s book goes over human quirks like the need to be consistent, and how you can use that in your marketing strategy to make more money. “People’s ability to understand the factors that affect their behaviour is surprisingly poor,” Cialdini says, “which leads to people making poor decisions without realising why.”

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      Cialdini includes real world examples of why people join cults, buy certain jewellery, or give to charity.

      3. Blue Ocean Strategy

      blue-ocean-strategy

        “Value innovation is the cornerstone of blue ocean strategy. We call it value innovation because instead of focusing on beating the competition, you focus on making the competition irrelevant by creating a leap in value for buyers and your company, thereby opening up new and uncontested market space. Value innovation places equal emphasis on value.”

        This book argues that leading companies don’t succeed by battling competitors in “Red Oceans”, but by creating “Blue Oceans” where they have uncontested market space to grow. It goes over case studies like “Cirque Du Soleil” who created a blue ocean by creating a circus platform that didn’t include animals or more than one act on at once but instead, decided to focus on talented performers and music who created a mystical storyline.

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        4. The Fountainhead

        the-fountainhead

          “A man’s spirit is himself. That entity which is his consciousness. To think, to feel, to judge, to act are functions of the ego.”

          The Fountainhead takes place in the United States, mostly in New York City, during the 1920s and 1930s. Billionaire Mark Cuban named his yacht “Fountainhead” after this book. This classic novel is about the struggles of an innovative architect named Howard Roark and his effort to achieve success on his own terms. Many entrepreneurs are inspired by this book because it depicts how you should be uncompromising when it comes to your vision and your goals. If you follow this way of life, you develop the ability to change the world and creating something unique.

          5. The Compound Effect

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            “Do you know how the casinos make so much money in Vegas? Because they track every table, every winner, every hour. Why do Olympic trainers get paid top dollar? Because they track every workout, every calorie, and every micronutrient for their athletes. All winners are trackers.”

            This book is by Darren Hardy the CEO of Success Magazine, he goes over how it’s the small, seemingly insignificant choices that compound to create success or failure over time. No one has a plan to be broke and fat but that’s what happens when you don’t have a plan and go along the path of least resistance. Hardy argues that you cannot improve something until you measure it and to always take 100 percent responsibility for everything that happens to you.

            So, those are five books you must read if you want to give it a try to become a millionaire in your 20’s. What are the best books you have ever read? Leave a comment and share these life-changing books with your friends to help them become successful like you.

            Featured photo credit: Bill Gates Foundation via businessinsider.com

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