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Myths which are believed in tend to become true.
-George Orwell (1903-1950) British novelist, essayist, and critic.
I, often, ponder about the imbalance of wealth and power of mind to manifest the fallacies of myth germane to wealth creation that eludes all of us in some capacity.
Wealth is created in mind. It’s those seeds of thoughts that either grow thoughts conducive to the wealth creation or to the fallacies of myth that yearn for wealth in eternity.
Wealth gets attracted to those who understand how to transform and manifest their own financial destiny. As oxymoron it sounds, wealth is a spiritual transcendence more so than material possession. Wealth remains with those who know how to transform and manifest their knowledge of inner self, and it’s nexus with the higher spiritual being to transmute thoughts into their own financial reality.
What are the fallacies of myth about wealth? Well, my attempt here is to shed light on few that I’ve known.
Myth# 1 It takes money to make money -
Wealth dreamers visualize wealth as an outer experience. In their stereotypical mind, it takes money to make money. They find comfort with their fallacy of myth that allows lack of money as an excuse to create wealth. Wealth incubators, on the other hand, understand that wealth is a byproduct of the brain weaves that create passion backed by strong and sustained action. They experience the process from within. They begin their thoughts with end in mind. They concentrate their focus on the visual end of their dream to drive the entire process in reverse. For example, when I embarked in the hotel business, I visualized owning a hotel with sense of relaxation and fulfillment. I did not allow thoughts of lack of funding to intervene. In reality, I did not have enough capital to purchase a hotel. But, with the inner desire and clarity of thoughts, I transmuted the desire into reality by focusing solely on what I wanted. It was truly an inner experience.
The truth is - “Wealth begins with end in mind and not by the challenges of the beginning.”
Myth # 2 Lady luck loves wealth.
I am sure that at some juncture, we all have had thoughts of “, gosh, I am not lucky”, or “Will I be ever lucky?”. The fact is that we all are lucky if we bust the fallacy of the myth that wealth is an experience beyond our control. Wealth shall never be an object to seek. It’s a byproduct of passion that drives our actions everyday. I’ve found that when passion kicks in full gear, a relax and well balanced spiritual mind can transcend any crisis, problems or failures into an experience of wisdom and refinement of raw thoughts to achieve the result. Wealth never gets lured to those who have consumption of wealth as an object of visualization. I live a simple life. I do not drive fancy cars, nor I seek material possessions, yet I’ve found that by keeping values mixed with emotions to achieve the goals provide fulfillment beyond my wildest dreams. I’ve lost money investing in stocks. That has not deterred my belief to seek safer ways to invest and take risks to refine my thoughts with lessons learned from the failures.
The truth is - “Lady luck loves those who do not quit.”
If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.
Edmund Burke (1729-1797) British political writer.
Myth # 3 Wealth is all about materialism.
Wealthy are always seen as the self centered, material driven people. It creates a sense of guilt to harbor thoughts of wealth creation. Truthfully, as oxymoron it may sound, most true wealth achievers are more spiritual than most of us can imagine. This stems from the fact that they do not seek money but rather happiness and fulfillment. World has seen Andrew Carnegie, a steel magnate, giving away most of his wealth. He firmly believed that happiness did not come from achieving wealth but rather from sharing it with others. I’ve found by my own experience, that unless I allow my mind to alter life-style in footsteps with higher financial gains, I find contentment and lasting happiness within when I achieve my dreams. Wealth never comes across as the chief reason to achieve dreams.
The truth is - “Wealth is an inner, spiritual experience.”
Myth # 4 What is your myth?
As I mentioned, these fallacies of myth about wealth has plagued millions of people. You may be an exception, but if you are not, I’d love to hear your version of fallacy of myth about the wealth. Do you have one?
Wealth is the ability to fully experience life.
-Henry David Thoreau (1817-1862) American naturalist, poet and philosopher.
To Your Success,





Well, I don’t think I have one to add, but I popped my head in here for a minute to say that #3 rings very true to me. There is definitely a huge, although completely unfounded, guilt factor over wanting money and about admitting that you want more money.
Vered - MomGrind’s last blog post..Most Husbands, Nowadays, Have Stopped Beating Their Wives (Wordless Wednesday)
Hi Shilpan,
In life we can be “wealthy”, but yet be penniless. It’s what we feel holds value, and some things in life are priceless.
I do think shows like “Lifestyles of the Rich and Famous”, distort many dreams. To live in a multi million dollar mansion does not equate to happiness, or even wealth, but it may lead to the impression that in order to be “rich”, you need money.
Barbara Swafford’s last blog post..Blogging - Year One - Lesson Seven
@Vered -
Well said. I’ve felt myself guilt ridden at times when I’ve had desire to cumulate wealth. It comes from the conscious thinking that world is so out of balance yet I am hapless to instill passion in those who feel that their poor state of wealth is but their own motivation.
@Barbara -
You’ve accurately depicted what media tries to convince common people about the wealth and its material side. I call TV addiction a “,cable drug”. To achieve wealth first step is to cut that wire from your bedroom and focus on what matters most in your life.
Thanks
Shilpan
Shilpan’s last blog post..4 Fallacies of Myth about Wealth
Shilpan,
As I go through the process of finally starting my school in the Philippines, I find what you have written here so relevant.
While we have the facility for the school, we still don’t have the money to renovate so that it could be a functional school. But, this will not stop us because my wife and I have been on this road before. Lack of money never stopped us from doing want we need to do in order to achieve our goals.
Very thoughtful stuff man!
Chris’s last blog post..How To Talk To Your Teenagers
@Chris -
You articulated my point rather well. I always thought of what I wanted first before worrying about how it will happen. When I focused entirely on the outcome, nature helped me resolve the missing pieces of the puzzle. I know that you and your wife with sheer determination will build the school no matter what comes as a challenge in your way.
Thanks
Shilpan
Hi Shilpan and everyone else. I have struggled with all of these at some point in my life.
Probably number 2 had the strongest hold on me for a long time. For a long time I didn’t know the difference between successful people and unsuccessful people - that successful people turned every failure into a learning experience. I thought, “I failed at this, I must not be destined for success.” It was so liberating to learn that I could learn from each challenge, and become better for it. That was a hard, but now beautiful lesson I have been fortunate to learn.
If you haven’t gotten a copy of the lastest Success Magazine it is a must have. There is a free CD and DVD that comes with it. Napolean Hill has an excellent speech on there that will greatly expose some myths and help you move on. I love his statement that says “You have the power to take possession of your mind and direct it to whatever ends you desire.” He was told this after he made a list of excuses (myths) to Andrew Carnegie.
I also have Hill’s books and CD’s available on my website at http://www.empoweredreader.com Hill is the teacher of teachers on success. His selflessness really comes out in his voice. It’s such a beautiful thing.
Jennifer’s last blog post..Obtaining Wisdom in a Chaotic World (Continued)….
@Jennifer -
I agree with you about second myth. Most people feel that success comes to those few lucky. In reality, if you are persistent and keep working at your dream without thoughts of defeat, luck comes to you on a silver platter someday. Thanks for the info on Mr. Hill, I am his big fan. Good luck with you new blog. I can’t wait to see it in action and rest assure, I will be the first to visit and comment.
Thanks
Shilpan
Shilpan’s last blog post..4 Fallacies of Myth about Wealth
Well Shilpan — it sounds like you did some successful inner engineering — congrats!
I have to ask, what actions did you take to acquire the money for a down on a hotel? (I don’t know how much they cost, but when I played Monopoly some were pretty costly.)
I think luck is when skill and opportunity come together. Lady luck once kissed my arse, and I have a story of how I won $57,000 on a 5 cent slot for another day.
Here’s my myth contribution:
Myth #5. Wealth creates security. Nope. You have to be your own security blanket.
Bonus myth …
Myth #6. Wealth is static. Nope. Your wealth is climbing or sliding, there’s no in-between. I’ve seen some folks experience temporary wealth, only to lose it all because they didn’t treat it like a living, breathing system. They plucked from their money tree until it died.
J.D. Meier’s last blog post..A Zone Primer
I agree with Barbara. I think one of the biggest myths I am tempted to buy into is that wealth (in terms of money) makes you happy.
Thanks Shilpan for another thought provoking post!
David
David | beplayful’s last blog post..An Idea Worth $100,000
“Things only have the value that we give them” - Moliere
Loved #2. Once i wanted to write post on this one. I heard few proverbs - in English, in Hebrew, in Russian, in German, and in Italian that sounded way too similar - God helps to those who helps himself.
I also liked Einstein’s “It’s not that I’m so smart , it’s just that I stay with problems longer .”
The last but not the least is Edison’s “Opportunity is missed by most people because it is dressed in overalls and looks like work.”
Good stuff, Shilpan!!
Alik | Practice This’s last blog post..3 Easy Steps To Become A Superhero
Shilpan,
Very interesting. I agree with your point that wealth is not an object to be pursued as much as it is a byproduct of the passions that drive us. In life coaching, it’s important to help a person identify their natural abilities, their passions, and their values before you help them to set goals and work towards them. If their goals and methods for achieving them aren’t congruent with their passions and values, they are sure to fail.
If we do what we love and make us of our gifts, success and financial gain are bound to follow to some degree.
@JD -
You always have thought provoking ideas which adds value to my articles. Thank you for that. I, now, am inspired to revise my article to add your myths for sure.
@David -
I agree with you that wealth cannot bring happiness. They are seemingly tied to each other but world apart in reality. Thanks for visiting and commenting. I look forward to seeing you more here.
@Alik -
All of these quotes are just fabulous. So, while I am revising the article, I will have to add these pearl of wisdom. As you know, I love those inspirational quotes.
Thanks again,
Shilpan
Shilpan’s last blog post..4 Fallacies of Myth about Wealth
@Lori -
Wow! You spelled your magic with pen again. You’ve hit the gist of the article in concise yet very effective way.
“If we do what we love and make us of our gifts, success and financial gain are bound to follow to some degree.” - outstanding.
Thanks as always,
Shilpan
Shilpan’s last blog post..4 Fallacies of Myth about Wealth
Hi Shilpan
Another great post, deeper than many of the ’success experts’ go. And obviously touched many people, from the comments above. Lynne Twist has a great book ‘The Soul of Money’. She calls that sense of abundance ’sufficiency’. She has worked with both the impoverished, who were often very happy, and the extremely wealthy, who were just as often unhappy.
I think of money as being like energy - the ability to do work. Its meaningless to simply want money. When we focus on what we want $ to do, it has a form to manifest into and a focus to it, so its much more likely to arrive. (this is basic laws of awareness and intention) When I decided to write a book (after friends gave me a bad time about talking and not doing), I just had to make the decision/ commitment and the $ simply showed up, 3 hours later. I was able to write full time for months.
Overcoming our resistance to the flow of energy we call $ has many layers. There is the simple stories we’ve heard - root of evil (misquoted), rich are bad, etc. There is fear of failure/success (basically the same thing), but deeper down, beneath the ego, most of us have a core identity that we relate to our survival. The belief that if things are not a certain way, we will die - literally. There may be a root anger, a root shame or fault, it can take many forms but the feelings are core alone and felt in the lower gut. thats the sign of their source. Almost always fear there. Its deeply subconscious (for now), so can be difficult at first to unearth. But as we pay attention to how we respond to circumstances, we gradually peel the onion and what was hidden comes to light and is dissolved.
One of the best tricks I’ve seen is the culturing of gratitude for what is. This cultures an ‘its OK’ sense, breaking the old habit of ‘making it bad’ that so often gets in the way of our progress - financial and otherwise.
OK, I have to stop now…(laughs)
Davidya’s last blog post..Queerer than we suppose
@David -
You’ve consistently gone way over my head in intellect. Said that, your comments add touch of finesse that only an astute thinker, like you, can provide. Needless to say that key is to find roots of happiness that can motivate a calm, relax and much balanced approach to wealth creation.
Thanks
Shilpan
Shilpan’s last blog post..4 Fallacies of Myth about Wealth
@Shilpan - you underestimate yourself. It is you who have the finesse.
Watched #8 of the Eckhart on Oprah series this evening. Made some notes into a blog post, then it inspired me to talk about desire vs craving in another. That goes deeper into some of what I said here. May make more sense (laughs)
Davidya’s last blog post..Desire vs Craving
@David -
Thanks for the compliments. When I think about types of wealth creation, it has many. One that insitantly comes to mind is the emotional wealth. With blogging, I’ve created incredible amount of emotional wealth by connecting with friends and thinkers like you and others who have become part of my life forever.
Thanks for the inspiration.
Shilpan
Shilpan’s last blog post..4 Fallacies of Myth about Wealth
Wealth has so much depth to it that people shouldn’t subscribe to it’s myths. I believe it’s up to each individual to use money as they see fit, but the people who give to others seem to be much happier. I know that I enjoying giving more than receiving. I think it’s because I want to be social and feel loved. Giving to others helps me fulfill this need.
Karl Staib - Your Work Happiness Matters’s last blog post..How to Relieve Back Pain after Sitting at a Desk All Day
@Karl -
Thanks for visiting the blog and commenting as well. I agree with you that sharing wealth multiplies source of happiness that comes from within. Andrew Carnegie felt more happier giving away his wealth than making. You’ve a great point. Please visit this blog again.
Thanks
Shilpan
Shilpan’s last blog post..4 Fallacies of Myth about Wealth
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