Money Myths: Are You a Slave to Money?

Money Myths Intro

This article is part of the Money Myths series. Money myths are just as they sound. They are beliefs about money that’s been passed to us from well-meaning parents, relatives, or friends. They may even have been passed through many generations. These money myths been around for so long and we hear it so often, we take them for granted. After all, there has to be some truth to these old sayings if they survived from generation to generation.

As a result, we never question their authenticity or truthfulness. Sadly, believing most money myths will lead us to push money away.

Here are the other articles in the series:

The Myth

“I’m just a slave to money.”

How often have you said this to yourself? Probably more often than you care to admit. What happens when you tell yourself the same story, over and over again? It becomes reality.

If you want to bring more abundance into your life–and not just money, but health and meaningful relationships–then you need to change this story. After all, nothing is more powerless than being a slave to anything. When you are a slave, you also remove all responsibility and accountability from your life.

It’s not my fault I am constantly broke.
It’s not my fault I’m living from paycheck to paycheck.
It’s not my fault I just seem to be serving the almighty dollar.
It’s not my fault I have less than $1000 in savings.

What is Money?

Money is just an idea. It was invented to facilitate trade. Back in the days before money was created, people traded. They might have traded livestock or services with each other. But if you had something no one else wanted, then it was hard to get what you want simply because you can no longer trade.

Money is just stored value. It’s worth no more than the pieces of paper upon which it was printed. It’s worth is derived from our faith in government, meaning it’s only worth something because our government says so.

Think of money as just energy. How can you get more of that energy to flow? One way is to provide value and solve other people’s problems. After all, that’s why you have a job. You are helping to solve your employer’s problems. You have knowledge and skillsets which fill in the gap of your employer.

The value you provide is so great the employer is willing to pay you a high salary. Let that sink in for a moment, especially if you have a job which pays over a $100,000. The return on investment your employer gets is many times this, which is why he can afford to pay you such a high salary in the first place!

Emergency Fund

According to Bankrate.com, most Americans do not have enough in savings to cover a $1000-emergency. Only 39% say they are able to pay for the costs from their savings. This means the other 61% need to find some other way to pay for those costs, like taking out a loan, putting those charges on a credit card, or borrowing money from friends.

It’s no wonder most people then feel like they are just slaves to money! We are caught in a perpetual debt loop! We may be able to cover the emergency this time, but life often has unexpected surprises in store for us. The next time an emergency happens, we have to borrow more money and pay out more debt. Is it any surprise then that most people feel like they are just slaves to money?

Money’s Real Purpose

Money’s purpose is simple. It serves you. It is your faithful servant and you its master. Get this right and your relationship with money will start to change.

Money lets you live comfortably. The more money you have the more comfortable you will live.
Money extends the good you are able to do, far beyond your physical presence.
Money amplifies the time you can do good in through hiring other people.

For example, you have a toothache. Money solves the comfort problem by letting you hire a dentist to fix your problem. You don’t have to go to dentistry school yourself, saving time. You minimize the time you suffer. Finally, because you feel better now you can focus on what matters most to you, allowing you to do more good in the world.

In Closing

Question your money myths, all of them. Ask where you got your beliefs in the first place and if there is any truth to them. Better yet, ask yourself why you are resisting the idea that all your money beliefs can be false. The more you resist something, the more of the same you get.

Want More Financial Abundance and Freedom in Your Life?

Get a copy of my free eBook, Align With the Energy of Money. You will learn more about what money really is and how to bring more abundance and prosperity into your life.