How do you feel about hammers?
What about money?
Over time, money has gone from being treated simply as the common medium of exchange for goods and services to something people desire, hoard, and use to measure their success. Money doesn’t deserve your love and adoration. Having, or not having, money is not what determines your worth as a person. Furthermore, constant focus, stress and worry over acquiring more money can negatively affect your happiness and health.
On the flip side: money is not the root of evil. This is a mindset that will obstruct growth. Do you feel guilty about having money – as if you don’t deserve what you have – or that your gain is someone else’s loss? Then that guilt will manifest itself in some form of self-sabotage. You should not feel bad about having (or spending) money if it accomplishes your mission. Do you feel guilty when you use a hammer to pound a nail? Of course not.
This is the point: Money is a tool. Rather than loving and obsessing over money or fearing it out of guilt, it’s best to be emotionally detached. Why have an emotional attachment to a tool?
Money is a follower. It doesn’t lead. A carpenter knows a hammer doesn’t pound a nail by itself. The carpenter drives the hammer and focuses on the nail that needs to be driven into the wood. From an entrepreneurial perspective, money shouldn’t be the main focus. Instead, the successful entrepreneur focuses on innovation, optimization, social and environmental impact, and personal fulfillment. The money is just the tool to get those things done.
Like any tool, money has no value unless it’s being put to use. When properly used, money can help you achieve your goals. Of course, one still needs to know how to operate the right tool for the job. Being an entrepreneur or business owner (even if you’re still in the planning stages), you probably want to know how to be smart with your money. Here, you can learn how to make the best use of your resources so you can get on to doing what you love.