FROM RAGS TO RICHES: MONEY AS A REWARD

Money as a Reward

The money status script views money as a reward. Jamal got the ultimate reward for the troubles he went through as a child—homelessness, begging, eating from dumpsites, and even threats by law enforcement. In money status, the introduction of money changes the conversation. A person gains respect, and they develop a sense of importance. They become a household name in the homes of those who aspire to become rich and successful.

This money script is mostly seen in lower net-worth people. The idea of moving to a higher net worth appeals a lot to those people. People may have grown up in lower socioeconomic status, looking at their probable backgrounds and money status. Also, their immediate environment may have given a higher social standing to people with more money. Because of this, the child grows with the ideology of “more money, more respect.”

Do you view money as a reward for diligence?

What advice would you give a person who works hard but isn’t rich?

Think about the rich people you know—would you still respect them if they become poor?

Take a moment to reflect on how you treat those who aren’t rich. If it’s different from the way you treat the rich, why is it so?

DANGEROUS MINDSETS

The drive for success may have many negative impacts on a person’s life, especially if they are willing to do just about anything to increase their self-worth. At times, people forget that financial success without healthy and fulfilling relationships is worthless. It gets lonely at the top. Some of the dangers to look out for include:

Overspending and debt
Financial dishonesty
Excessive gambling

Exercises

What efforts are you putting in place to ensure your relationships don’t suffer while you pursue success?

Write down 3 reasons why you think success isn’t all about money.

Write down 3 reasons why it’s dangerous to attribute success solely to money.

Check out: MONEY STATUS

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FROM RAGS TO RICHES: MONEY AS A REWARD