Money is an important subject.
However, it is something that most people refuse to talk about. People go to school, work, and church, but money is rarely discussed. At home, you don’t get the lessons that will take you much further than the people who raised you. You must search for the answers on your own, if you're brave enough to do it.
Most people happily accept their pay as long as it consistently provides for the family. While the majority of people are content with their means, there are still millions of people who want a better understanding of money.
Through deep research and introspection I've found that there are 5 Levels of Money in Our Society. Since I've been on all 5 Levels, I can share with you my own personal experiences and what I found through conversations with thousands of people who have money.
Here are The 5 Levels of Money in Our Society:
1. Debt: Not surprisingly, most people are in debt. Go to the malls, movies, and museums and more than half the people you see are in debt. This means that they actually owe other people money. Think about that. They are ‘indebted’ to someone else’s wallet.
Most people don’t know what debt means. For instance, when they sign up for college loans or credit cards, they don’t know about interest rates. Usually, it comes back up to ‘bite’ them. It’s not because debt is bad. What’s bad is that they are uneducated about the proper usage of debt.
When a person lives in debt, they panic. Some even lose confidence. They usually feel victimized. They feel behind. They tend to take fewer risks. They contract instead of expand. They knew they should have been more diligent. Sometimes, they feel like it’s too late.
However, there is always a chance for improvement. If you or someone else you know is in debt, there are many options available. Personally, I believe in earning more money. If you can’t earn more, then face your debt situation by finding out what you owe and who you owe it to. If you can, sell all your liabilities and live below your means. Finally, work to pay your debts until you owe nothing.
A bad system will beat a good person every time. –Daniel Ally
2. Scarcity: Most people are taught to live in scarcity. In fact, many people face verbal or physical abuse if they misuse their resources. For instance, when I left the light on at my house or drank too much milk, my parents would let me hear it. Was there enough milk? Was there enough light? I wasn’t quite sure until I reached my early twenties.
I know people who will eat everything on their plate. They either believe that it might be their last meal or they might not get another hot plate of food ever again. Either way, people who live in scarcity are taught to look out for themselves. They believe that everyone is out to get them, so they must protect their belongings.
This restricted thought leads us to lack. If a person thinks they cannot get enough, they will begin to withhold their resources from others. They will begin to believe that things are ‘theirs’. This is where people begin to get cocky and prideful once they get a taste of success. This is the reason they ‘forget’ where they came from when they make it.
This ‘mine and thine’ attitude is the most destructive force in the universe. It leads to poverty, jealousy, envy, greed, and many other evils. To combat this, we must learn how to give freely: Our ideas, our bodies, our time, our money, and our resources. When we show generosity, we get more because we gave more.
A good example of this are my teachings. Many people ask me how I’ve amassed so much knowledge. The reason is simple. I give it all away. In my speeches, articles, videos, and interviews I share all my knowledge. I firmly believe that when I teach everything I know, I’ll learn more than I could ever teach. By giving, anyone can defeat scarcity and reach prosperity.
Your level of living is determined by your level of giving –Daniel Ally
3. Enough: A large number of people are comfortable with their current lifestyles. They have enough for themselves and their families, but haven’t been able to save for the future or other goals in their lives. Many of them are open to freelancing and entrepreneurial ideas, but few will take the risk and do it.
People who have ‘enough’ could also have a lot more in their lives. They are settlers, which is the biggest trap in humanity. It leads to conformity. Moreover, the people who have ‘enough’ worry about money the most. They deny most luxuries, which leads to a boring life.
For business owners, it causes them to scramble for cash. In desperate attempts to make a sale, these entrepreneurs show that they will do anything for the money, even if it hurts them. They end up taking business they don’t want with people they don’t like. They’ll get the money, but they might not be happy in the end.
To get past this level, you must search for other means of income. If a couple hundred or thousand a month will help you save some money, then go for it. Be willing to sacrifice some family time and give up ‘work-life’ balance. Do whatever it takes to get more than enough. You’ll be happier in the end.