Money and an Inadequate Sense of Self Worth

first_imgThe waiter that was serving my family lunch in a nice New York City restaurant started chatting with us after dinner. He asked where we were from, and I told him that we were from Columbus, Ohio. That was close enough to Cleveland for my waiter to bring up politics, noting that the Republican convention is hosted in Cleveland this year.The waiter then said, “I hate Trump. He’s awful.” I told him that I don’t share my politics with many people, but that it was a safe bet that I wasn’t voting for any candidate whose name he would recognize. But he continued on, insisting that he share his politics with me.After sharing his political philosophies and his opinion on all the candidates, he said, “I just had to move because I couldn’t afford to live in the City. Rent is too high, and we are having a baby.” I congratulated him on the baby as he handed me the check. Then he said, “I am voting for Bernie Sanders. Minimum wage needs to be raised to $15.00 an hour.” I tipped him $36.00 for serving my family and me over the prior hour while he espoused his preferred candidate’s virtues. My wife looked over my shoulder to see what I tipped him, worrying that his decision to share his politics was going to negatively impact his tip (it didn’t). His beliefs do provide a lesson, however.Money MotivatedThe amount of money you make is determined by two things, your desire to make money and your ability to create value.Some people create very little value but desire money so much that they are willing to do almost anything to gain it, even though they create no real value. Doing whatever it takes and not creating any value normally only results in money if you are a criminal. Or if you work without having any skin in the game (see Nicholas Nassim Taleb for more on this idea).Some people create massive value for other people, and their desire for money is great enough that they make significant money—even though their desire is a mere fraction of the hunger of the aforementioned group of non-value creators who simply love and live for money.There are some value creators who should make more money but simply lack the desire. This is true even when there is a market for the value they create for others. Because they don’t want money, they don’t have money.It is possible to find a healthy balance between desire and value creation. How much money is enough is different for different people.What is unhealthy is a belief that the only way you can make more money is to expect some entity to require someone else to give you more money. The belief that you are entitled to more money without the willingness to create enough value to deserve it is “entitlement.”Believing you can’t make more money because you can’t create more value is a massively self-limiting belief. And it isn’t true, regardless of your politics.You are worth more money as soon as you decide that you are and as soon as you start creating greater value. This works for people of every political persuasion, including those of us without a political affiliation.last_img read more

IPL 2011: Sachin, Rayudu lead Mumbai to nine-wicket win

first_imgMumbai captain Sachin Tendulkar and Ambati Rayudu put on a 110-run unbeaten partnership and in the process helped their team to an impressive 9-wicket win over Bangalore in their IPL match at the M Chinnaswamy Stadium in Bangalore on Tuesday. Score | Photos A 141 run target wasn’t a very tough one for the Mumbai team considering their fine batting line-up and openers Sachin Tendulkar and Davy Jacobs got off to a flyer. The two had put 33 runs for the first wicket when Bangalore’s Aussie import Dirk Nannes clean bowled Jacobs on 22 to stop their charge.Soon Master Blaster Tendulkar and Rayudu got going at the Chinnaswamy Stadium nipping in bud Bangalore’s hopes for a win.Like Bangalore opener Tillakaratne Dilshan, Tendulkar too carried his bat through to help his team win by a massive nine-wicket margin. Tendulkar remained unbeaten on 55 and Ambati Rayudu on 63 even as the final team total read 143/1 in 18.3 overs.Bangalore inningsEarlier, Bangalore opener Tillakaratne Dilshan carried his bat through scoring an unbeaten 59 and helped his team post 140/4 against Mumbai.Earlier, Mumbai skipper Sachin Tendulkar won the toss and put the hosts in the middle. And it proved to be a good decision as Mumbai’s Sri Lankan import Lasith Malinga clean bowled Bangalore opener Mayank Agarwal on the first ball of the match.Next man Virat Kohli too did not last long and fell to Kieron Pollard while trying to smash him across the line. An edge off his bat got carried away towards keeper Davy Jacobs on 19/2.advertisementThen Bangalore opener Tillakaratne Dilshan and AB de Villiers got on with a partnership thwarting the opposition attack. The duo batted on to put 91 runs for the third wicket before AB de Villiers fell to Kieron Pollard getting caught by the West Indian off his own ball on 38. Bangalore were 110/3 at the stage.No sooner had De Villiers departed that next man Asad Pathan too fell with Malinga crashing his yorker into his stumps. He was out for a nought as Bangalore went down to 112/4.Dilshan, who was still at the crease and Sourabh Tiwary added 28 runs to help Bangalore to a fine 140/4 in 20 overs.last_img read more