What are you're feelings towards money? Do you think it's important? Do you think it should be important?
I think money is important. I think it should be.
I look at this way. I don't have any hobbies that I don't like. I can't think of any activities that I do because they weren't important in some way to my life whether it's work or play.
I don't know anyone who has unimportant things in their life. I don't have any unimportant friends. If they're important, I call them. I spend time with them. I do things for them. It's a chicken or egg questions. I'm not sure if they're my friends because I made them important or they're important because they're my friends.
Anybody I meet that I ignore don't become friends. They don't stick around to be ignored. I feel money reacts the same way. If you don't think money is important and you ignore it, it doesn't stick around.
Also, I think health and wealth are very similar because it's all about good habits.
I don't look at my yoga instructor and think she only got that way because she had good genes to start with and she must taken steroids to get to where she at. The same applies for wealthy people I know. I don't think they somehow cheated the system or got lucky to get where they are now.
My yoga teacher is healthy because she's eats incredibly healthy and exercises daily. I intake too much sugar and don't exercise enough. She has better habits and therefore healthier.
All the people I know who I think will be financially free in the next 5 years (and can quit working completely) have saved at least 10% of their income and donated 10% of their income all their lives. They have really good wealth habits.
I think money is important. I think it should be.
I look at this way. I don't have any hobbies that I don't like. I can't think of any activities that I do because they weren't important in some way to my life whether it's work or play.
I don't know anyone who has unimportant things in their life. I don't have any unimportant friends. If they're important, I call them. I spend time with them. I do things for them. It's a chicken or egg questions. I'm not sure if they're my friends because I made them important or they're important because they're my friends.
Anybody I meet that I ignore don't become friends. They don't stick around to be ignored. I feel money reacts the same way. If you don't think money is important and you ignore it, it doesn't stick around.
Also, I think health and wealth are very similar because it's all about good habits.
I don't look at my yoga instructor and think she only got that way because she had good genes to start with and she must taken steroids to get to where she at. The same applies for wealthy people I know. I don't think they somehow cheated the system or got lucky to get where they are now.
My yoga teacher is healthy because she's eats incredibly healthy and exercises daily. I intake too much sugar and don't exercise enough. She has better habits and therefore healthier.
All the people I know who I think will be financially free in the next 5 years (and can quit working completely) have saved at least 10% of their income and donated 10% of their income all their lives. They have really good wealth habits.
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Re: INFP and money
Thu, February 28, 2008 - 4:54 PM>>I feel money reacts the same way. If you don't think money is important and you ignore it, it doesn't stick around.
Also, I think health and wealth are very similar because it's all about good habits. <<
this is a very good point.
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Re: INFP and money
Thu, February 28, 2008 - 8:48 PMWhile I do think there are some substantial cognitive advantages to having confidence when it comes to attaining money, I wonder if the latest incarnation of "mind over matter" (the 'law of attraction', 'The Secret', etc.) isn't in many ways harmful to its practitioners. If you keep a mantra of "I have money, I have money, I have money" and you are told that this method will guarantee money at your door, and then it doesn't come...what exactly does that say about you? It can start a very negative cycle of self-loathing and asking questions like "why dont I want success for myself?" etc.
I only know because it happened to me.
Everything in moderation. -
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Re: INFP and money
Thu, February 28, 2008 - 11:16 PMI just got back from my monthly Entrepreneurs meeting and the speaker said something that addresses this.
You have to separate your Identity from your Role. Everyone has their Identity but we all have multiple Roles (parent, employee, friend, entrepreneur, healthy person, etc.) However, when we experience failure in one of Roles, we confuse that failure in Role as a failure in our Identity.
Say your child is misbehaving. You've had a terrible day. You didn't mean to but you yelled at your kid and now your child is crying and you feel like crap. Repeated instances of bad parenting might make you a bad parent (Role), but it doesn't make you a failure as a person (Identity). The resolution is to learn and practice better parenting technique which improves your performance in your Role.
Same applies with money and financial success. If one of the Roles you see yourself in is as a financially successful person, and the mantra thing isn't working then you've had a failure in that Role. The answer is to learn better skills and better techniques for the Roles you want to excel in.
The most successful people have solid and impenetrable Identities. Failure in any given Role doesn't seep into their Identity. All failure is a matter of bad technique. I see myself as a healthy person but I've been trying to lose the same 15 pounds for 5 years now. I don't want to give up drinking soda and I probably should exercise more. Like I said, I'm not so good in my healthy person role because I have rotten technique. -
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Re: INFP and money
Thu, February 28, 2008 - 11:30 PMThe one thing that I'm personally doing now to be more successful (in all things not just financially) is a really simple principle:
Double my failure rate.
I think that's kind of a critical factor in all success. There was a study among some successful business people and they were asked how many business that had started before the got to the one that worked for them. The average was 17.
This means I have 14 more to go. Nike sums it up best in this Michael Jordan ad from a while back:
www.youtube.com/watch -
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Re: INFP and money
Sat, March 1, 2008 - 1:52 PMThe things I love so passionately about, and in my life are not related to money.
Yet I have this fierce desire to be completely financially independent, self made and not need to ever worry about an income again. I still have not addressed or come to be able to explain to myself exactly how I feel about money...
I like that the more wealth I create, the more I have available to help others. Swaziland has a huge number of children orphaned and suffering from AIDS. Beautiful children who are literally fighting the fight of their lives but still have so much compassion and love to share.
I invest in property, I contribute to a property investing forum, while I greatly appreciate the knowledge experience and opportunity to avail myself to this forum, it is very clear to me it is a feeling of attending a huge, successful black and white ball and I have walked into the dance hall in flaming pink!
I train myself and do a lot of self talk and explaining for my financial pursuits. I do enjoy it very much, and I am quite good at it, especially relating to people, negotiations, thinking laterally, research is a favorite....I totally understand the benifits of financial independence and I am headed there with bells on, but always, always at the back of my mind I know deep in my heart if the world collapsed tomorrow I would get as much wonder, fun and satisfaction from living in a 2 x 2 shack, in the woods and sharing food with rabbits, while watching the sunset.
I love to study and observe people, they fascinate me no end, you should see and read the interactions between me and hardnosed investing type folk, it is a huge contrast. It sure took me some time to understand their thoughts and traits, well, maybe not understand so much, but accept and let wash over my values and perceptions.
I am inspired by you Corin, I am not so sure how INFP's fit into wealth creation big picture and I know I have battled some self created wars over it, I wish you every success and best wishes possible. -
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Re: INFP and money
Sun, March 2, 2008 - 8:22 AMThere are credible arguments about money being good for motivation and helping the world, for example. Still I don't think money should matter. -
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Re: INFP and money
Tue, March 4, 2008 - 1:16 AMMoney doesn't matter if you're willing to give up certain amenities.
I know a woman who has retired in Mexico. She's retired at 40 and she's not a millionaire, but the dollar goes a long ways in Mexico. She moves from small town to small town every few months. She spends her time painting.
I wouldn't mind doing that but in Bulgaria. Their annual salary is 600EUR. The median salary in the US is 50K for a dual income. Basically, if you could save 45% for one year, you could live in Bulgaria for 18 years (not counting inflation). My wife raised 20K to rebuild an orphanage over there. She spent a month there to make sure the money was used right and has always wanted to go back for an extended stay.
Money only matters to me because I have priorities that require money unfortunately.
For example in an ideal world, adopting my 2nd daughter from China would be free instead of costing me almost 40% of my salary. But if something matters enough, you do whatever it takes.
I think the reason why I brought the subject up is that I'm considering starting a blog on INFP and money. I like blogs like the Simple Dollar and Get Rich Slowly, but the advice they give doesn't take into account certain INFP quirks. I'm mulling over the idea. I'm not sure what to say because I'm still trying to learn better habits. Also, I'm not sure if it really matters to INFPs.
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Re: INFP and money
Tue, March 4, 2008 - 5:22 AMThat would be a great idea Corin ..starting a blog ..id read it.
the reason I agree with this post is because for a long time I didnt give money any importance and when you do that
I find that it doesnt flow the way it should..like anything else if its important you would put time into it and thats what im doing now.
good habits are very necessary.
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Re: INFP and money
Tue, March 11, 2008 - 11:02 PMAn elusive billionaire gives away his good fortune:
www.latimes.com/news/local...,full.story
I love these types of stories.
My favorite story is the one about how Warren Buffett still lives in his original house from the 50's even though he just passed Bill Gates on the Forbes richest people list.
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Re: INFP and money
Wed, March 12, 2008 - 5:51 AMyeah warren buffett is something else all the way around ...
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Re: INFP and money
Wed, March 12, 2008 - 2:58 PM....and even the lessor known people, by that I mean folk with less disposable income/wealth but have compassion and love etched in their souls...like this guy:
soaringimpulse.blogspot.com/
He (Maithri) is such an inspiration to me, I think because he is a gentle reminder that as an individual I can make a difference and not to be overwhelmed by the feeling of,...this is too much, I wont make a difference.....any sneaky bit of futility=is gone!
Warren Buffett is an amazing human being, obviously with a great caring love for our fellow people...The Warren's, the Maithri's...are just so inspirational...it's like let's strive for excellence of the soul, no matter whom we are, what we have let's just do the very best we can, for ourselves and for others.
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