The thinking model of the rich and successful play to win. This is logical and almost nobody denies it. But how about asking ourselves? Do we play to win? Or do we just want to ensure we DON’T LOSE. If you believe in the concept of Law of Attraction, then your thinking is crucial to the results that you will be getting. If you want to succeed (that is if you want), you cannot afford to think “not to lose”, but how to win.
I have heard people talk about bad things about the rich. The common remarks are “they are unscrupulous, that’s why they can be so rich”, “they give up their morals for money”, and “they are arrogant and I do not want to be like them”. The worst thing is, some of these people want to be rich, but detest the rich as they think they are evil and do not want to associate with them. Most of the time, they don’t even know enough rich people to make that assumption. My question is, if they are rich, they must be doing something right to attract the money. To reach another level of success, one would need to be the person that deserves to receive the wealth. If you are not at that level you desire, you have to focus on growing yourself, to become the person and wealth will follow. I am not talking about modeling after a person exactly, but find your own way and niche, and ask yourself, “what do I have to become in order to have $1 million?”
As mentioned above, the important thinking model to have is “play to win”. Stop for a moment: if you are thinking – I do not want to be compete with others… because so and so, you need to cut that thought as no one can become successful or rich without competition. You have to accept this if you want success. I want to emphasize my meaning of competition, it is not about stepping on or pulling down others to win, but to grow yourself to better your competitors. This is the essence of competition – to bring out the best in everyone, and may the best serves the society and receives wealth and achievement in return.
The thinking model of playing to win can be applicable anywhere, the best is to focus on the area that you want succeed in. Examples are:
[Free Ebook] How should you invest your first $20,000?
We asked 14 Singapore finance bloggers to share what they would do if they could go back in time and invest their first $20,000. They can no longer rewind time, but you can learn from their experience and hopefully start with a better footing.
Play to win = investing in equities and properties, doing business, be the best in your field (be it your job, investing, business)
Play not to lose = “investing” in fixed deposits and endowment policies, work for salary (I work the amount that the company pays me)
Let me explain why fixed deposits and endowment policies are “play not to lose” mentality – Most people who put their money in fixed deposit or endowment policies because they want capital guarantees. They do not want to lose money. But they fail to realize the inflation can catch up with the interest payout pretty fast and sometimes more. The proven investments to beat inflation and grow wealth are equities and properties. But with “play not to lose” thinking, they would believe they are risky and do not even want to learn how they can “play to win” with these asset classes.
It is also apparent in jobs, successful people are those that give their best in work and then some more, delivering great results and value in their course of work. “Play not to lose” people will believe that as long as they do enough for the amount paid, they will keep their job.
Of course, the preceding question is “do you want to be rich and successful in the first place?” If not, then it is alright to “play not to lose”.