Recently, I had a series of meetings about an investment opportunity.
I love the theatre and visiting Broadway.
There’s something about watching a live play or musical that is indescribable.
Two weeks ago, I took our oldest daughter to see “Harry Potter and the Cursed Child” to celebrate her finishing the book series; we both absolutely loved it.
Throughout the show, we both kept saying, “how’d they do that?”
So when an opportunity came up recently to invest in a musical destined for Broadway, I jumped at the chance.
I had meetings with potential investors about this investment opportunity.
During one of the meetings with a potential investor, I became acutely aware of why so many people hesitate to discuss investing, let alone actually do it.
Two things stood out to me.
First, talking about wealth and money makes many people very uncomfortable, regardless of how much they make.
I mean, really uncomfortable.
Think about it, what’s the first thing that comes to mind when you hear the phrase “the 1%.”
For most people, a look of disdain suddenly appears on their faces.
But why is that?
Why are we repulsed by those who have “a lot of money?”
Why does talking about wealth and money make us so uncomfortable?
Naval Ravikant, the founder of AngelList, once said, “If you secretly despise wealth, it will elude you.”
I think this is true for a lot of us.
Think about all the television shows and movies you’ve seen with rich people (Dynast, Billions, Succession); many came across as terrible people.
It’s easy to develop a negative view of money, wealth, and wealthy people if you’re constantly exposed to those visuals.
The second thing that stood out during my conversations is wealth is an afterthought. It seems like an abstract concept.
It’s not something you actively work toward. It’s not a goal you have; it’s a “that would be nice” thought or phrase we utter in conversations with friends or acquaintances as we carry on with our day.
We get so bogged down by our day-to-day life that thinking about anything beyond what needs to be done today seems daunting.
While we don’t think about wealth or actively work toward it, we do believe (not talk) about money often.
Wealth and money are not the same.
Money is the day-to-day while wealth is a long-term play, and for many of us, we can’t think beyond today.
So, if talking about wealth makes you uncomfortable, here are a few things to consider or try:
1. Ask yourself why talking about money and wealth makes you uncomfortable. Whatever response comes up for you, don’t go with the first one. Keep asking why. By the time you get to the fifth, you’ll have the real reason.
2. Consider working with a Financial Therapist or Money Mindset Coach to uncover the valid reason why wealth and money make you uncomfortable. I’ve used a Money Mindset Coach in the past, and I can honestly say it was truly life-changing.
3. Connect with a group. Jim Rohn famously said, “You are the average of the five people you spend the most time with,” This can be applied to building wealth. A group of supportive people working toward a common goal is a great way to learn from others and share your wins and opportunities.