How to Create Your Own High Paying Job by Dr. Gary S. Goodman

Author:Dr. Gary S. Goodman
Language: eng
Format: epub
Publisher: G&D Media
Published: 2019-10-15T00:00:00+00:00

Tip 19: Replace Scarcity Thinking With Abundance Thinking!

When you look at the amount of money in your checking account, do you flinch or groan or avert your eyes? That’s typical. And there are very few people that wouldn’t be happier if they saw a few more zeroes. I don’t have enough money!” you may tell yourself. This could be true if you’re behind in your bills or rent. But from this statement, some people conclude that there is a shortage of money around us, in the community, nation, or world.

My dad used to share his success stories with me, and notably there were times when the stories were shut off like a faucet. I’d ask him, “How are sales?” and he’d reply, “Money is tight, Gary.” I didn’t really get that metaphor. How could something like dollar bills be tight or loose? I had heard about the ability to “stretch a dollar” but thinking of cash in terms of its flexibility never occurred to me.

Later, I’d learn that dad was onto something. The amount of money in circulation can change. By action of the Federal Reserve Board in the United States, the amount of available cash can be restricted or expanded. This can occur through raising or lowering interest rates and by manipulating the actual amount of currency that is printed and coined. So, in effect, money can be tight or loose. Additionally, when the economy shrinks, and companies spend less and less, job hunters and job creators can feel the pinch.

In a macroscopic, big-picture sense, there are diminished opportunities at large. And companies and people adopt a scarcity mentality. We come to think there isn’t enough to go around. We tell ourselves there’s not enough cash, not enough high-paying jobs or enough opportunities in general. By some measures, as I’ve just implied, this is an objective fact.

My dad was mostly in the advertising business, and he would follow that admission that money was tight with a positive statement. “Gary, in slow times, companies should advertise MORE, not less!” And of course, he was right. If it takes more effort to snare less leads and to close fewer deals, then that requires getting one’s message before more eyes and more ears. You have to try harder to stay in the same place that you would be in “loose money” circumstances. We will return to this idea in a moment.

There is another argument I want to make to help you to find more appetizing opportunities in lean times. I’ll say this very starkly: there is never too little money to go around. At any given time there are trillions of dollars available or in circulation in the economies of the world. I am speaking of deposits in checking and savings accounts, cash stuffed in people’s mattresses and piggy banks, open credit lines on charge cards, and corporate credit lines to name just a few sources.

Additionally, there are assets in money market funds, dividends from stocks and other liquid resources that can be tapped.

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