“The more money I earn, the more successful I am” adage is no longer that relevant today. In fact, the more money some people make, the more debt they have.
Don’t allow your thinking to become trapped. A worker with trapped thinking will just do the very minimum because he thinks that no matter how hardworking he is, he will only get the same salary every month.
Instead of adopting a mindset that focuses on thriving, he decided to settle for less because in his world, it is all about survival and keeping his job so that he will have the income to service his debt. There is no bandwidth to think about growth. In short, there is no predictability in a psychological sense (i.e. one’s survival instinct takes over).
This should not be the case. We have to work for money, but we should live for meaning. If we can manage our money well, we will invest a lot more time to create meaning and growth in our work by building relationships with people and making a difference. This is how one should work towards a promotion.
By just watching their financial baseline, happy people will then have the mental bandwidth to adopt a thriving mindset, and the financial resources to attend courses and investing in themselves because they have the resources to do so.
These people will also be more confident and upbeat amid uncertainties because they have created a psychological safety net for themselves.
Consequently, they consciously avoid the surviving mentality. In short, money is not the issue, but the psychological safety net we create for ourselves, so that we can thrive.
Text: Ryan Ong/Moneysmart and Straits Times