Wednesday, September 16, 2009

Is your bank account a measure of your success?

In a very interesting conversation with a colleague, he made a statement saying that because he was unemployed and his bank account was low, he felt that he didn’t have the same expertise or voice of authority that he used to have in business 2 months ago.

I was shocked at this and couldn’t really understand the thought process. This made me think are we our bank accounts? Have we gotten so caught up in finances that our self-worth is directly tied to our Chase bank account?

The Ballers Guide to MAJOR Figure$

It immediately made me think of why my mother focused us so heavily on faith and belief. The guy I was talking to lives in Oakland, is a young dude, and said that money rules his world. Interesting attitude but we’ll run with his attitude for a minute. Because money is his God, he is setting himself up for failure. Just because he doesn’t have a job, does not make him less of an authority on his chosen field. I listen to him and had he not told me about his bank account, I would never have known. His advice was still very valid for an investment banker and I appreciated everything he said.

He hooked his whole self-esteem and confidence to his job and that’s simply not true. Because he is momentarily out of work, does not make him a bad person, or someone who doesn’t want to pay his bills, or less of an authority. His advice was/is welcomed and he knows a great deal about strategic investments, portfolio management, and institutional investing. Ok, his industry is mired in some mess right now but so is mine. It doesn’t make me less of a business mind or millionaire mindset because my industry is upside down. The industry is not what makes you. You make the industry.

Be sure not to make this mistake of attaching your emotion and your self-worth to Bank of America and the ATM receipt. Yes, it sucks to go to the ATM and see that damn little piece of paper say $48 remaining in your account and you’ve got to float until the end of the month. Yes, it’s crazy. Yes it’s difficult. No, it doesn’t make you better or worse. If it said $48,000 it would make you and I both feel better but it doesn’t make you a better you. It’s a blessing but it doesn’t improve your self-worth. It improves confidence indeed but it cannot improve self-worth. If you see yourself as a millionaire, claim it, be it, go after it. Don’t stop. Don’t listen when people say that’s not you. It is you. It’s what you think about. You need a millionaire mindset in order to make it today. Don’t forget it and leave it in the dust. To succeed as a black business, you need this times 2.

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