[Neurons] 2008 Meta Reflections #38

[Dr. Hall]

From: L. Michael Hall

August 18, 2008

Meta Reflection #38

[One more on Modeling Wealth Creation]


MODELING

INSIDE-OUT WEALTH





>From the time when I first began modeling the creation of wealth in 1998, I have learned a lot. And if you were to ask me, "What is the most important thing you have learned about creating wealth?" I would tell you not only the most important thing, but also the most surprising thing. And what is that? :


Wealth is not money. Money is just one of the signs and indicators of wealth. Wealth is much broader than money. It is much more internal than money and much more psychological than money.

Previously, I always thought that "wealth" and "money" were synonyms. They are not. I always equated financial wealth with "wealth" itself and had not distinguished the two. But now I do. And because of these confused and confusing thoughts, I had always assumed that to focus on wealth was to become more materialist, greedy, capitalistic, etc. Then I discovered what wealth really is, and the wealth that allows one to become financially independent.

So what is "wealth?" A synonym for wealth is "value" and so wealth creation is, at its heart, the creation of value. And since we create value in any given context depending on what people need and want, we create value by meeting the needs and wants of people. That's because ultimately people pay for what adds value to their lives. That's because, in the end, we all invest our money and time and energy in the things that adds what we believe makes our lives richer and more valuable.

And if we take one more step back from this connection between "wealth" and "value" we come to the place-the mental and emotional place where we are able to see, recognize, appreciate, and honor that which is valuable in human experience. And this is where most people fail. It seems that somehow, a large proportion of people who want to make money and to become financially independent, become susceptible to "get rich quick" schemes. That's because they substitute "money" for "wealth." Then as they continue to confuse the two, they next begin to lose the ability to see and appreciate true "value."

All of this actually makes them poor inside. It misguides them to think that "wealth" is "out there." It misguides them to confuse "money" for wealth as it did me. It makes them think that wealth is created and measured exclusive via external things. It deludes them from recognizing the psychological nature of wealth.

Kiyosaki says that "wealth is thoughts." Robert Allen talks about wealth by creativity and as creativity (creative thoughts and responses). Others think of wealth as positive, optimistic "seeing" how to add value. All of this indicates the inner heart of wealth, of true wealth, as being the state of mind and emotion, of belief and attitude.


Upon discovering that, I have formulated the same by saying that wealth is inside-out and that wealth creation is an inside-out process. This is where abundance, sharing, collaboration, etc. come in. It is also where being able to be and become a creator of value for the needs, problems, and wants of others come in. And that's why "the ego" can really get in the way of wealth creation if all you want is to get wealthy for yourself and you think of it exclusively in terms of "money" and the symbols of wealth.

So as we take the next step, that of modeling inside-out wealth, we have to be able to track multiple beliefs systems that makes the wealth creator rich on the inside -mentally, emotionally, personally, etc. We have to map out the wealth creator's sense of inner wealth in seeing and seizing opportunities, developing talents into skills, find and creation passion in some value-adding activity, sense of persistence and resilience, and lots and lots more.

This kind of multi-layered richness on the inside drives the wealth creator so that the dichotomies that pull most people apart and destroy them becomes a source of synergy. For the inside-out wealth creator "work" becomes "play." "Effort" becomes excitement; and focused discipline becomes excitement as in challenging. And when that happens, the whole wealth process ceases to be about money; money becomes relegated to being what it is, a scorecard.

That's why there are such shocking statements from billionaires about money. When Barbara Walters interviewed Ted Turner, she asked, "What is it like to be so rich?" He said, "It's like a paper bag." That took her back and she gave him a quissical look. And then said, "What?" He continued. "Everybody wants the paper bag; everybody strives for the paper bag. But do you know what they find when they put their hand in the paper bag?" Then a dramatic pause. "Nothing."

That was his way of saying, "It's not about the money." And that's why a person with lots of money may not actually be rich. If you don't have time to do what you want to do, how wealthy are you? If you don't have the health and energy and vitality to enjoy activities, how rich are you? If you don't have a rich sense of self-efficacy, that you have the inner resources to figure things out and make dreams come true, how wealthy are you? If you feel fearful of losing, suspicious of everybody's motives, apprehensive of being a fraud, how wealthy are you?

To create inside-out wealth directs us to the attitudes and beliefs that enable us to believe in our abilities to create value for ourselves and others. It focuses us on finding our talents and passions and creating a life-style of adding value. It embraces and unleashes our potentials in the context of our lives for making life richer for ourselves and others. To your inside-out wealth!



L. Michael Hall, Ph.D.
Neuro-Semantics Ltd., Executive Director
ISNS - International Society of Neuro-Semantics
P.O. Box 8
Clifton, Colorado, 81520 USA
www.neurosemantics.com 
www.meta-coaching.org
www.self-actualizing.org 

Email: meta @onlinecol.com @acsol.net @mindfocus.co.za
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