i personal believe that money can be made anywhere.  This is called the abundance mentality.

However, there are others who have a scarcity mentality and that money is scares and not as easy to to make and thererfore success is made up from someone else's expense.

Scarity mentality

To give a sort of idea upon how the scarcity mentality works,  Stephen Covey book titled "7 Habits of Highly Effective People" i would also recommend this book to everybody as it is a very good read. In the book it stated. 

"Most people are deeply scripted in what I call the Scarcity Mentality. They see life as having only so much, as though there were only one pie out there. And if someone were to get a big piece of the pie, it would mean less for everybody else. The Scarcity Mentality is the zero-sum paradigm of life. People with a Scarcity Mentality have a very difficult time sharing recognition and credit, power or profit – even with those who help in the production. The also have a a very hard time being genuinely happy for the success of other people."

Due to success being at the expense of another person, this mentality makes the user think in very short terms for the most part of their decision making.  Therefore no long term planning is ever put in place because it is all about creating fulfillness in the moment with very little consideration for the long term. Savings therefore is out of the equation having negative implications as the years for forward. Individuals with the scarity mentality are most likely to be resentful and jealous of successful people, instead of being happy and inspired by the value creation the person had to achieve to get to the wealth and status that they have. Resentment thus ensues causing envy. The bible also talks about jealousy as well "  For jealousy makes a man furious, and he will not spare when he takes revenge. " Proverbs 6:34.

I personally know some individuals who have this mentality and there was a friend of mine, whom spent almost his entire paycheck on drinks on one night out. I also knew a friend who spent £600 of trainers, to wear a handful of times. When people do not understand the value of money, carelessness and drunken sailor  standard spending habits ensue and by the time most individuals realise it, it can come and usually is too late to reverse the trend of creative destruction they created.

Abundance mentality

According to the book  The abundance mentality can be summed up as followed:

"  The Abundance Mentality, on the other hand, flows out of a deep inner sense of personal worth and security. It is the paradigm that there is plenty out there and enough to spare for everybody. It results in sharing of prestige, of recognition, of profits, of decision making. It opens possibilities, options, alternatives, and creativity. 

The reason i have this mentality is because i like to read. Reading allows you to become more informed about your surroundings, you're able to see the opportunity that someone would not be able to see without possessing the empowerment your new found knowledge provides you with. There is a video titled "Why capitalism works" by Stefan Molyneux and Vox day. It explains this perfectly.

Individuals with the abundance mentality typically focusing upon long term satisfaction instead of short term gains. Whether this is to do with their investment decision on a long term value investing approach to a day trader. Individuals whom fall under this mentality understand that skipping out on something now, won't necessarily mean another opportunity come by at a latter point. Resentment and jealousy is not prevalent within mindset because nobody views someone's fortunes somebody else's misfortune, we believe that we can all have our cake and eat it no matter how big the cake. Thus positive feeling emerge and happiness for somebody's success becomes paramount and inspiration to succeed with similar and/or greater success.

If you would to firmly establish yourself as someone who has the (7) Habits of Highly Effective People than there are things you would need to do.

1) Have creative and constructive conversations

2) reduce your TV consumption and Fake News media consumption.

3) Exercise as you can't enjoy your wealth being sick.

4) look for a positive 

5) learn from your mistakes and what you could have improved to make it work for you next time around.

 

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