I want more money

Posted in Blog
13/07/2020 Mduduzi Luthuli

Mimetic Theory of Desire: Humans are like sheep. We don’t know what we want, so we imitate each other. Instead of creating our own desires, we desire the same things as other people.

Success is a choice. You alone decide what you want and how you’ll achieve it.

If you don’t set goals, then you’re implicitly handing your life over to divine fate and betting on luck to provide for your needs. When you set goals, you’re pro-actively choosing a life path with self-responsibility and playing an active role in your destiny – and that can make the difference between success and failure.

Without goals, your life is like a sailboat without a rudder: it’ll just spin in circles. Without goals, your daily life is as purposeless as driving a car without a destination in mind. Goals are the focal point that gives your life direction and drives successful forward momentum.

For you to realise your potential as a human being, then goal setting is as necessary as breathing.

“I want more money.”

“I need to save more money.”

“I wish I had more money.”

I hear these phrases all the time — and I’m guilty of saying them myself, too. While it’s natural to think this way about money, doing so only creates more stress rather than progress. Why? What’s wrong with “more money?” Isn’t that what we’re all striving for, anyway?

People tend to get caught up in the idea of “more money” as a goal (and as a solution to the problems they currently face).

Unfortunately, make “more money” your goal, and you will never feel satisfied that you have enough. This is the essence of one of life’s great ironies: Success leads to money. Money rarely leads to success. This is not some rhetorical sleight of hand; it’s real-world logic and the causality is critical.

Let me explain how this works.

Whatever your definition of success, if you’re true to yourself and achieve your goals, not only will you feel fulfilled, but you’ll also find plenty of money when you arrive at your destination. That’s just the way it works.

But if wealth is your definition of success, you will likely never achieve it. As goals go, wealth is a pretty lousy target. It’s superficial. It’s not fulfilling. And there never seems to be enough of it. The more you have, the more you want. The more you spend, the more you need.

Step one of becoming financially successful is to actually create a vision for yourself financially. Creating a vision is an iterative process. You don’t just create a vision once and then never look at it again. You continually create your vision daily.

Look at any area of your life in which you’re doing well, and you’ll find it’s because you see something beyond what you currently have. By that same token, look at any area of your life that isn’t exceptional, and you’ll find that you don’t see something beyond what you currently have.

Most people are living in and repeating the past. Having a vision is focused on the future. Your life and behaviour immediately shift when you begin imagining a different future and stridently strive for it. To do this, you must obliterate your need for conformity.

From a psychological perspective, people generally feel the need to be viewed by others as part of the tribe. This need to maintain the status quo dictated by society causes people to retain behavioural patterns, environments, and relationships that are ultimately destructive and unsatisfying for far too long.

Instead, you could abandon your need to be defined by others. You can be OK with the fact that you’re not perfect. You can be OK with messing up. You can be OK with having values you stand for and goals you want to accomplish, regardless of what those around you think.

Having a vision for your life means you no longer care what other people think of you. It means you’re ready to begin actually living the life you want. It means you’re no longer going to just go with the flow, as you have for most of your life. It means that regardless of what your parents, peers, and social environment have presented to you thus far, you’re going to create the life you want.

Contact me on mduduzi@luthulicapital.com for your personal finance and investment management needs.

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Any fool can know. The point is to understand - Albert Einstein