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HOW TO CONTROL ENVY AND BOOST WEALTH

By in Mind and Money, Wealth | 16 comments

Interview with best selling author, Dr. Charles Richards, author of The Psychology of Wealth – Part 2

Don’t miss the book review (The Psychology of Wealth) and author interview-Part 1
“For every problem, there has to be a solution.” Dr. Charles Richards
In yesterday’s interview, Dr. Richard’s discussed finding role models for wealth building inspiration as well as how people of color are impacted by the psychology of wealth.  Today, he continues by tackling the green monster of jealousy and closes with additional wealth building advice.

What specific strategies can one employ to stop the green monster of envy and jealousy?

Accept the idea that that there’s more than enough for everyone. You don’t have to feel that if I don’t get mine, there’s not going to be enough for me. By understanding the divergent archetypes of wealth you can conquer your inner envy.

The Archetypes of Wealth

There is both a positive and negative archetype of wealth.

The negative archetype is fear based and focuses on lack and insecurity. This viewpoint is highly competitive and constrictive. You always try to hold on to what you have. You believe that there is only so much to go around.

The positive expression of wealth is more creative, not competitive. You focus on creating what gives your life more value and more of what you want. This viewpoint employs the belief that there is more than enough to go around.

There’s not enough time to worry about beating the other guy or gal. Holding an expansive, empowering, generous, and helpful viewpoint can obviate the green monster of envy and jealousy.

This goes back to my former advice to have an ideal or goal that transcends self interest.

 What are the best 3 pieces of advice for someone who wants to be wealthy?

 Tip 1 to Become Wealthy

First, consider what you plan to do with your wealth. What is the value of the money, and how will it serve you and others?

Then, identify what you are good at and enjoy doing. Where do you excel?

Tap into your special strengths and immerse yourself in activities that are congruent with your strengths and passions. Join organizations and activities that will further your interests and contacts.

 Tip 2 to Become Wealthy

After identifying your personal areas of excellence, make a plan and write it down. It’s not enough to think about it in your mind. You must write out the steps you need to take and what you need to do to make it happen.

Review and revise your plan regularly.

Do this even if you’re not sure of how it will exactly play out.

 Tip 3 to Become Wealthy

Have the idea that ultimately you are going to be successful, if you persevere. Embrace the reality that failure is just a stepping stone to success, as long as you persevere.

For example, Steve jobs was kicked out of his company and persevered. He created Pixar, rejoined Apple, and propelled the company to amazing success, after being removed from his own company.

By making a plan, writing it down, and further revising and reviewing the plan every day, you are training yourself for success.

Wealth is doing what you love. Maintain the mindset that you will be successful. Persevere through adversity. Wealthy and successful individuals hold these attitudes.

What mental money strategies will help?

Maintain an optimistic, positive, and hopeful perspective. Know that you will find a way to make your life work and that you will find a way to bring into your life the wealth that you need.

Do not lose hope; you need to accept the challenge and find the solution. Dr. Richards reminds you that there are solutions for every problem.

Barb Recommends; Personal Finance Reading

Barb Across the Blogosphere

 How do you cope with the green monster of envy?

Don’t miss the book review (The Psychology of Wealth) and author interview-Part 1

image credit; google images_ chicagosean.com

 

    16 Comments

  1. Thanks for the links, I really appreciate it.

    krantcents

    May 4, 2012

  2. I’m not so sure that view of envy would help me much. I definitely understand there’s plenty of wealth to go around. I see old friends buying houses and doing well financially and definitely have a bit of envy. The feeling is more based on not being in that position myself yet. I don’t think it has anything to do with being worried that there won’t be money for me to make too.

    Modest Money

    May 4, 2012

  3. This was helpful…. Thanks for these links ..I appreciate it a lot….

    Jennifer Alvasin

    May 5, 2012

  4. Excellent post. I really like the point about being optimistic and not losing hope. This is great life skill to have in general.

  5. Sound advice indeed. Jealousy is a waste of time. So when I feel envy cropping up, I just tell myself to shift focus on what I need to be doing in order to achieve my definition of success. And then, go do it.

  6. @Modest-I totally understand. There’s always someone doing better than we are…. Yet, more than likely there are also a bunch of folks not doing as well as we are.
    @Miss-It is certainly easier said than done. I am constantly attempting to keep focus on what really matters.
    @Shawanda- That is a great way to stay on top of those pesky feelings. I like it, “shift focus.”

    Barb

    May 5, 2012

  7. Perseverance is so key. I’m always sad when I check back on challengers 6 months later to see they’ve disappeared. That said, it just goes to show how hard it is to do and how existing Members are with their blogs.

    Financial Samurai

    May 6, 2012

  8. @Sam, I totally understand, blogging is not easy, and keeping it up day in and day out is a real challenge. As with any endeavor, the rewards are not always forthcoming.

    Barb

    May 6, 2012

  9. Hey this is really a nice blog .. liked it a lot .. thanks for sharing …

    Julian Black

    May 7, 2012

  10. If all else fails, marry money.

    Claudia

    May 16, 2012

  11. @Julian, Thanks for visiting
    @Claudie-I like it 🙂 There are lots of books that give the strategies to marry rich. Why not?

    Barb

    May 18, 2012

  12. stock research – Find the best funds for you with Jemstep’s free online investment advice & portfolio management software.

    stock research

    May 30, 2012

  13. Envy always bumps in from time to time, but key is to try and use that force for good. 🙂

    Invest It Wisely

    June 4, 2012

  14. @Invest-I think it’s a human emotion that must be nipped in the bud!! I dare say that no one is immune.

    Barb

    June 4, 2012

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