This is the twelfth article in a series of articles revealing the Myths that Keep Your Broke. In these articles, I will uncover the many myths that too many people believe. These myths can prevent you from creating wealth and complete financial choice™.

Let’s start destroying them.

Myth #23: Wealth Is Not Fair

You may remember the protests in the streets about how unfair it was to have so much money in the hands of 1% of the population. The protesters were in the 99% of the population.

You may have heard it said, that if all the money in the world were divided equally among everyone, it would not take long for the wealth to be redistributed just the way it was before. And I believe this.

Most people have been taught nothing about money, and most people lack the attitudes to create wealth.

This is why I devote my time to writing and speaking about how to handle money effectively and adopt the attitudes of the wealthy. I can donate 100% of the profits from my books, speaking, and programs to charity because I have adopted those attitudes.

You can become wealthy, just as I became wealthy if you adopt the same attitudes, learn about money, and invest money.

You and I have been programmed from an early age to believe, that only the poor people are the kind and noble. Hollywood movies, TV shows, fairy tales, and even the scripture promotes the idea that only the poor are good and noble and the wealthy are greedy and heartless.

Consider Titanic with Leonardo Dicaprio vs. Billy Zane; Game of Thrones with the Starks vs. the Lannisters; or Dirty Dancing with Patrick Swayze vs. the parents. There are so many more when you just look for it with new eyes.

The fairy tale Jack and the Beanstalk or Aladdin or anything by Charles Dickens sends the same message; that the poor are better people than the wealthy. The scripture about Moses and the Pharaoh reinforces this same message.

In addition to your parents, look at what you have seen and read with new eyes and recognize how you have been influenced about money and wealth.

Is it fair that the wealthy have different attitudes about money than you? Not when you can adopt those same attitudes.

Where do you see you’ve been influenced about money and wealth?

Myth #24: Hard Work Pays More

Too often I hear someone tell me how hard they work, and it is not producing more income.

What they fail to recognize is that working hard is not the same as producing more value. And the value is in the eye of the customer or client.

My wife sees a woman who does acupuncture and charges $125 per session. My wife feels so much relief and appreciation that she pays $150 instead. The value to my wife is greater than the fee that was requested.

Many years ago I arranged a construction loan for a client after his original bank collapsed. His project was only 50% completed and no new commercial lender would offer the financing to complete his project. The private lender I found charged 10% interest and my client was thrilled.

For my work I was going to charge my client a $750 fee. He asked what would be a fair fee, and instead I asked, “What is it worth to you to finish the construction?”

He offered $1500, and I was silent. (He was offering twice the amount I would have asked for.) He interpreted my silence as my being insulted and asked, “Oh my, did I offend you? Should it be more?”

I said, “No, that’s just fine. After all, you are a great client.”

He paid twice what I would have asked for because he saw more value than I did.

From these two examples I hope you can see, hard work has little to do with the amount of money you earn. It has more to do with the value provided. And you may not be a good judge of the value.

Are you willing to ask your clients about the value you provide?

Try it. You just might be surprised in positive ways. And you could end up with more testimonials if you ask.

To Your Prosperity,


Author's Bio: 

Often in the media and in a recent TEDx Talk, Rennie Gabriel supports individuals and business owners to create work as a choice, instead of a requirement, just as he did for himself. Rennie had gone broke twice (two divorces), but using the same concepts published in his book, Rennie created more wealth in each recovery than what he had prior.

As a highly rated instructor at the University of California in Los Angeles (UCLA), Rennie uses his award-winning, best-selling book, Wealth On Any Income, to teach effective money skills from both the emotional/psychological aspects as well as the practical components. His book has been translated into five languages. Rennie is a retired Chartered Life Underwriter (CLU) and Certified Financial Planner® (CFP®) and often adds BFD to his credentials.

His extensive knowledge of real estate and finance is useful not only to those who own or invest in real estate but to anyone striving for a better life by trying to achieve financial freedom.

His clients range from financial professionals, like CPAs, stock brokers, and financial planning firms, to entrepreneurs in the transformational space (coaches, authors, and speakers). He also works with large organizations like the FBI, American National Insurance and Toyota Motors.

After 40 successful years in financial services, Rennie now works to donate 100% of the profits from his speaking fees, wealth programs, books and business coaching to charities, the primary one is where dogs are rescued, trained and donated as service animals for soldiers with PTSD and TBI (Post Traumatic Stress Disorder and Traumatic Brain Injuries)