Stories do something to us as human beings, and I’m just learning about that power. On one level, stories tend to be causal narratives that divide the world into causes and effects to help you to understand what works and what doesn’t. So, in a way, stories are theories. They essentially say, this happened, or I did this, and this and thus this happened. They can provide you with a model, as well, of how to achieve certain goals, or perhaps the “right” way to behave.

There is one big difference between theories and the stories we use to explain our lives, though, and that is that while theories tend to be observational and simply try to explain the events as best as possible, stories and a consistent style of story-telling can affect future events, and multiple stories are just as valid or “right” as each other. As an example, psychologists have identified an explanatory style that people use to tell the stories of their lives.  There are three components, and I quote:

  • Personal. People experiencing events may see themselves as the cause; that is, they have internalized the cause for the event. Example: “I always forget to make that turn” (internal) as opposed to “That turn can sure sneak up on you” (external).
  • Permanent. People may see the situation as unchangeable, e.g., “I always lose my keys” or “I never forget a face”.
  • Pervasive. People may see the situation as affecting all aspects of life, e.g., “I can’t do anything right” or “Everything I touch seems to turn to gold”.

People who generally tend to blame themselves for negative events, believe that such events will continue indefinitely, and let such events affect many aspects of their lives display what is called a pessimistic explanatory style. Conversely, people who generally tend to blame others for negative events, believe that such events will end soon, and do not let such events affect too many aspects of their lives display what is called an optimistic explanatory style.

You’ll notice that personal development offer a consistent explanatory structure to use, that you are the master of your life (personal internal), that you can and do change things (impermanent), and depending on what you read, may promote having a singular personality, or learning to recognize your intrinsic worth as a person is not tied to your actual effects. The second two are also examples of beliefs including both limiting or positive ones.

There is a problem with theories and thus stories, though. The facts can support an infinite number of theories. Broadly speaking, then, there are two ways that people can tell their stories–optimistically or pessimistically. To help drive this point home, here are my stories:

Ever since I’ve been a kid, I’ve felt like I didn’t really belong. I was born in Saudi Arabia to Pakistani parents. My father was a guest worker and the Saudis generally didn’t like us very much, so I grew up as a perpetually expat Pakistani. I draw a large part of my identity from being a Pakistani but I’ve probably never spent more than a year total there. When I was 11, I was taken away from all my friends and the life I knew and brought to Canada, a foreign and cold land. I grew up in a mostly white neighbourhood and the darkest person in my class was a half-black, half-white kid that I befriended, probably because he was about the most familiar thing there. Being the new kid and being different were marks against me and I was bullied and made fun of by the other kids for the first 5 years of coming here. I’ve lived most of my life as an outcast, not quite fitting in anywhere.

This story makes me feel depressed just thinking about it. However, it is just about as true as the next one:

My parents lived in Saudi Arabia and I was born in an excellent hospital that was part of my father’s benefits. It was better than any hospital I would have been born in in Pakistan, and there’d already been a stillbirth before me so I’m appreciative of the better medical facilities. I also got much better schooling than I would have, and the standard of living in Saudi Arabia was higher than in Pakistan. My parents desiring the best for us decided to bring us to Canada, where the standard of living is much higher, the education is world reknowned, the opportunities are vast and we had a shot at actually becoming citizens of this country. Through trials and tribulations, which are a normal part of life, I’ve grown up to become the person I am today. I may still feel a bit like an outcast (I have come to enjoy it), but I’ve built a strong network of friends who make me feel like I am part of something. I’ve also learned to build an identity as a Canadian-Pakistani and, in some ways, I finally belong. Currently, I’m going to one of the top 50 universities in the world, on my own terms. I am also engaged in improving myself and my life, and I am building a successful future for myself.

Which story do you like better? They’re both true and cover most of the same facts. Life is so complex that you necessarily have to highlight some facts versus others. I like the second story better because it is one of hope and it is empowering. With this story, I can feel that my life is going well, and since there’s no real “objective” data on that, I’d rather feel that things are going well rather than badly and that I am improving things.

How do you tell your story if someone asks about you? What do you say when someone asks you what you do? Do you tell the victim story, the martyr story, or the story of hope and empowerment?

 

Actually, there’s three bad money goals:

“I want to have enough”

“I want to be comfortable”

“I want enough so I don’t have to worry about money”

The obvious problem with all three of these goals is that they’re not well defined. Good goals are well-defined and can only have a binary interpretation. That is, either you’ve reached your goal or you have not. A good goal formed like this might be, “I’m making $50,000 dollars a year and my expenses are less than $35,000 dollars, I save $10,000 dollars a year and spend the other $5,000 on whatever I like by 2010″. You can read more about forming clear goals in Steve Pavlina‘s wonderful article, “The Power of Clarity“. All of the above three fail this criteria by using feelings to gauge whether you’ve reached your goals. That would be fine if feelings were at all objective, but they’re not, so you find some curious patterns people go through for each of the above goals.

“I want to have enough” is a goal I had in mind for a while as an overarching goal in life, but the problem with that is that as my income has gone up (I’m making at least twice what I was making last year), I have found my expenses to increase in step, so “enough” which was generally having enough to cover my expenses is pointless. Every year, there’s lifestyle inflation as my income goes up, so what’s “enough” increases every year. I have some ideas of why this happens, including that I believe I have a belief that prevents me from having much more than necessary for my survival, so as my income goes up, my belief unconsciously pushes my expenses up.

This is actually an excersize I learned from Brian Tracy and I’d like you to do it. I hope I’m remembering this correctly. He asked some seminar participants to ask themselves how much money they would like to have and most of them quoted something two to three times more than what they’re making now. Then he asked them how much they were making when they first started working and they often quoted amounts two to three times less than what they’re currently making. I drew a couple of lessons from that. The first is that a lot of us are stuck in this rat race and don’t keep things in perspective. More about that in the next section:

“I want to be comfortable” is another thing people often cite when asked how much they want. The problem with this is again that what you consider “comfortable” increases every year. Last year you may not have had a dishwasher, but this year you bought one and now you feel you are living in greater comfort, even though that’s an additional cost. Of course, internally, you’ve probably habituated to the washing machine so you’re no longer thinking it’s a “comfort” item, it’s just a necessity.

“I want enough so I don’t have to worry about money” is a goal I personally thought was a worthy one until I realized what that meant. Basically, I was willing to be disciplined about spending and making money and doing a broad budget for the hope of some point at which I did not have to be disciplined at all and I could spend money however I wanted. I didn’t notice the problem with that for a long time, but it was that I will always have to be disciplined with money, and I may have to deny myself things because I don’t have the money at any income level. The thing is, while today I may have to deny myself a 5 dollar item, when I’m making much more than that, I may have to deny myself a plasma screen TV or a new car. I will still need to be disciplined, probably in broad strokes, while still giving me enough to enjoy life and indulge every once in a while. That is, say I put aside 10% of my income as play money, which I can do anything with, as my income grows, this amount will grow, but I will always have to stay within it. You can read more about it under the number 3 tip in “8 ways to prepare to be a millionaire” at Getting Finances Done.

If you’re reading this blog, odds are that you are rich. Read that again. Read that over and over again if you’d like to. I often forget this, and I need to remember it as often as anyone else. Compared to someone somewhere, I am rich. I have many of the amenities that money can buy, including a house, a computer, a cellphone, good food, clean water, I’m getting an education, I have clothes, warmth, friends, various technical goodies, access to great healthcare. Odds are good that you have access to all of these as well. That’s enough to survive and then some. Think about it, does that not make you rich?

All of the above leads to a curious conclusion, I believe feeling rich is an internal state, as is being comfortable or having “enough”. There are some people that spend their whole lives acquiring and making more and more because they feel poor on the inside and their pattern says that having more will make them less poor and thus they will have more of the “good life”. The pattern essentially says, “if poor or not rich, make more to become rich or well-to-do”. Because feeling rich is an internal state instead of an objective situation, I can feel rich and grateful right now. In general, people want money because of how it makes them feel. For different people, its different things, it could be security, it could be self-validation as a member of society, it could be the ticket to the “good life”, freedom, the end of self-discipline, etc. It means all of these things and none of these things. Money is money, but your relationship with it causes you to feel certain things.

Unfortunately, I do not have an answer for you, yet. I can’t tell you what’s a good money goal, or a good motivation for making much more than necessary for your survival, only what I feel are bad goals. In short, I can’t tell you why you should be rich. All of the arguments I’ve heard so far have not been compelling, but that might be because I have some beliefs that make them so. I’d love to hear your perspective on these things, so please drop me a line in the comments and help me figure this out. Thanks in advance! Any thoughts are appreciated, honest.

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