Mental Money Traps Flashcards

1
Q

I need to make money

A

Stop believing you have to make money to have it- this leads to thinking you have to trade your time for money. Think of trading value for money. Your only value isn’t your time.

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2
Q

More money, more problems…

A

More money means new problems, not more problems.

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3
Q

It takes money to make money

A

More than three quarters of all millionaires are first-generation. They had the courage to follow up on an idea.

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4
Q

Money doesn’t grow on trees.

A

There is $134 trillion on this planet. There is no shortage of money.

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5
Q

Another day, another dollar.

A

The poor think you have to exchange time for money. The rich exchange money for time because time is limited and money is not.

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6
Q

Money is the root of all evil.

A

If you are born poor, it’s not your fault. If you stay poor, it is. -Bill Gates.

You can do good things with money.

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7
Q

Money can’t buy happiness

A

These things don’t have anything to do with the other and nobody is claiming money buys happiness. But if you’re going to be unhappy, don’t be poor too.

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8
Q

A penny saved is a penny earned.

A

Nobody got rich thinking about pennies. They just got old.

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9
Q

A penny for your thoughts.

A

Your potential is only limited by your ideas.

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10
Q

Rich people are selfish.

A

Sometimes you are selfish to become self-reliant. It takes some amount of selfishness and self-esteem to create financial freedom. You better be a little selfish until you have something to share, or else you’ll spend your whole life talking about what you would do if you had money, not what you can do.

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11
Q

I just want enough to be comfortable…

A

Quickly becomes a compromise for any possibility of financial freedom.

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