Money Making Myths

There are some wide-spread myths when it comes to building a business and making money. These myths can have a powerful psychological impact and trip people up when it comes to achieving success. 

You Need to Come from Money
This suggests that in order to be successful you need to come from money or have big money connections. This may have been true in the industrial age, but it is not true in the Internet age.

The myth that you need to be born into money, or attend an Ivy League school, or you’ll never know how to make real money does not apply in today’s world.     

Millionaires are made more often today than ever before. Most start with nothing, and have failed over and over again before breaking through to massive success. Bill Gates, Oprah Winfrey, and Steve Jobs all started from humble origins.

Yes, it definitely helps if you come from money or have money connections, but the majority of us don't have that luxury and it by no means is a pre-requisite for success. The Internet has made it possible for millions of people to create automatic wealth.

Money is Made on the Backs of other People
If you are afraid of going for the brass ring because you fear ruining someone else’s life, then relax. There is nothing wrong with making money in a “for profit business” as long as the values around what you do are good. Your playbook can be moral, ethical, and built on solid values. 

The easiest way to become rich is to create and offer value to people. The more people you impact, the more money you make. 

In his book, The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime, MJ DeMarco discusses the Law of Effection which states:  “The more lives you affect in an entity you control, in scale and/or magnitude, the richer you will become." 

The shortened, sanitized version is simply:  Affect millions and make millions.”

You Must Sacrifice Family to Build Wealth
The baby boomers believed this and introduced one of the highest divorce rates in recorded history. However, their children have learned the value of balance, and the truth behind wealth. The new mantra is, ‘Think hard, Work Smart.’

There's a difference between working hard and working smart. Successful people learn to work smart. They learn to emulate successful people and use them as models so they can avoid mistakes other people make. 

You can save a lot of time, money, effort as well as some major headaches by learning from others.  Getting your career or business started definitely requires hard work and long hours but you can chose to have a successful business and a family.

Rich People Cannot Live Normal Lives
You can live the good life without giving up a normal life.  Most of today’s millionaires live in suburban towns and lead normal lives.

The dream of living the rich and famous lifestyle is attractive for some and not necessary for others.  More people are learning that the fantasy of wealth was more attractive than needing to live the reality on a day to day basis.

On the flip side, there is no reason why you cannot take a vacation with your family on the weekends, give back to your community, and still rock a $2,000 outfit, $800 shoes, and drive a nice car through the week. 

Don’t let the fear of being rich stop you from reaching your dreams.  Life is sweet. It will be what you decide to make it. 

===> Click Here and check out MJ DeMarco’s book, The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime.  Trust me it is worth the read. 

Make Rain,

Marc Ranger
Money MTVTION Brand

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