Old School
Adam Smith described money making as enlightened selfishness.
Right off the bat, when you start talking about money or Adam Smith, you are in the world of economics.
And from the world of economics, from an academic standpoint, it sounds like a bunch of obscure rules and laws that people are “supposed” to do.
Like the basic idea of supply and demand.
This can easily be misunderstood as a complex set of “recommendations.”
But it’s really a DESCRIPTION of human nature.
Adam Smith famously that “overlapping selfishness” is what drives “ideal” economic systems.
The quote is (paraphrased):
The butcher, brewer don’t do what they do out of benevolence.
They do what they do out of enlightened self interest.
They want our money.
But they know we will only give it to the if we want what THEY HAVE more than what we have.
Little kids know this.
Trading Instinct
If they have a bag of chips and they’d rather have a bag of cookies, they find somebody to trade with.
Nobody needs to teach them how to do this.
Money is just something that exists between the trade.
Like the kid might trade his chips for a Pokemon card.
Then he might later trade that Pokemon card for the cookies.
That Pokemon card serves as money.
An intermediary placeholder.
A kind of “potential stuff.”
This rests on top of a very ancient instinct.
That existed way back in the caveman days.
Dudes would compete to see who would be the biggest killer.
The biggest killers would provide the most calories.
Those that provided the most calories would get the most rewards.
Massive social status and validation.
That social status and validation would drive female attraction.
Food Status Sex
The MORE of this social status and validation they got, the hotter, younger, and even MORE ladies they could get.
Yes, the cave dudes were very selfish in their desires.
They weren’t thinking about the poor hungry people back in the tribe.
They were ONLY thinking about their own selfish rewards.
Status and sex.
But NATURE calibrated us humans to exist in these ideal, mutually overlapping and selfish relationships.
Your desire for more money, so long as they exist WITHIN a mutually beneficial relationship, is not evil.
It is not bad.
It is RIGHTEOUS.
With ONE very important caveat.
The people paying you the money are the ONLY ones who can define the value of what you produce.
Market Value
A common misunderstanding is that, “I like this, so they should like this.”
Releasing this can be tough on the ego.
But on the other side, is the path to easy and RIGHTEOUS money making.
Learn More:
Money Brain
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