Rich People are Greedy – Money Myth 1
Reading time: 3 – 4 minutes
The upside to this perspective is clear; you get to make those rich people wrong, and yourself right. Any perceived financial shortcomings can be justified by saying “but at least I’m not greedy” – and you get to pretend the reason you’re not as rich as those guys is because you’re morally superior and above it all.
Some of the costs associated with this view; in some sense, being poor becomes a point of pride, and you must choose between your pride and your financial success (which makes your pride very expensive). In addition, within this view, perspective in which wealthy people are anything but morally inferior must be invalidated, or else the payoff is threatened, This effectively stifles the introduction of a differing perspective in this area, stopping growth and evolution of your thinking and those around you.
Interestingly, it’s terribly difficult to make money if you’re not generous in some measure.
In an open and free market, there must be value for both participants of the transaction, or they wouldn’t engage in it. The easiest way for anyone to become wealthy is by creating a means by which to create the most value for the greatest number of people possible, at the least possible cost. If your product or service doesn’t give your customer enough value for your price, they will go elsewhere and you will not make money. If you’re not generous with the value you create, if you’re not constantly looking for ways to deliver more value to more people for less money, you will find it much more difficult to become rich.
It’s easy to look past the value someone’s offering you and see that they’re also benefiting from the transaction. It’s easy to resent that, especially if you think they’ve got enough already. But what does that do to you? …it puts you in a position where in order to be happy, you’d have to change the other person, and that’s a lot harder than changing yourself. …and while it may be ‘right’, in your mind, to think of people who make more money than you think they need to as ‘wrong’, ultimately this belief does not serve you- what it does is engages your ego into the situation- and your ego wants to be right more than it wants you to be free. If this is the belief you’ve chosen, you’ve positioned yourself to choose between being right and being rich.
Resenting rich people is a trap, not only because it makes you unhappy over something not in your control, but also because it will prevent you from modeling their behavior- you don’t want to become like someone you hate, right? Your ego would never tolerate that. If you became like someone you hated, wouldn’t all your friends hate you?
It’s a trap, and it will give you reasons that will keep you from becoming successful with money.
The truth is that most wealthy people are admirably generous- not only do they create and deliver value to as many people as they can, as a group they give more, more often to charities and causes than any other group can. Another truth is that we’re easily blinded to this by jealousy.