More money equals more problems? But everyone thinks money solves everything, and no one believes The Notorious BIG is a prophet. Yet, the only power money has is to solve money problems of which money is often the culprit. If you have bad spending habits adding more money to the equation can be like adding fuel to a fire, you just keep burning through those dollars until the fire is out of control. Sports Illustrated confirmed in March 2009 article that 78% of NFL players and 60% of NBA players go bankrupt within five years of retirement (Torre, 2009). We want money because we think it solves problems but poor money management is a black hole that can consume exorbitant amounts of cash. If we didn't have money problems would money be as important as it is?
"Who covets more is evermore a slave." - Robert Herrick
The love of money is the root of all evil. Is it an argument of chicken or the egg when you parse the difference between the love of money and money being the root of all evil? Money itself is neutral, yet even the richest people and the wealthiest countries still have major issues and would tell you they are concerned about money. If there is a money pit, money itself is not the answer to fill the hole as there are other issues that have to be resolved before those voids will heal. We love money because we long for acceptance through status, we crave power and yet we don't want to build either through the long road of influence - or it seems that the world doesn't honor the honorable path. To the victor goes the spoils and so we spoil in the proceeds.
"Money often costs too much." - Ralph Waldo Emerson
Money itself is an exchange system that replaced hard value in trade items such as food or cattle with objects such as gold, paper currency and now plastic. Being content with what you have, building value through positive impact and building influence through relationships. It all sounds so ideal. Yet, whether your goal is to lose weight or to pay off debt, there is no miracle cure - it's one pound at a time, one dollar of debt at a time through change of perspective, change of heart and change of disciplines. Train yourself to think differently, begin to act differently and bring yourself around people who will positively encourage as well as hold you accountable.
"Don't let making a living prevent you from making a life." - John Wooden
Torre, P.S. (2009, March 23) How (and why) athletes go broke. Sports Illustrated. Retreived from https://www.si.com/vault/2009/03/23/105789480/how-and-why-athletes-go-broke
In The DYOJO our goal is to help you discipline your mind and habits for growth. Use these concepts to help you build a strong organization by maximizing people, process, production and progress (The 4 P's). Contact us today to discuss how we can help you with leadership development, business coaching or freelance writing.