Not all money is the same

Summary

• I believe that the quality of money matters. It's important to earn money by doing right by people and adding value to clients, partners, and employees.
• If money is earned in a way that harms others or lacks integrity, I consider it low-quality money.
• I always discuss with Alex that such businesses might generate a lot of money, but they don't feel good inside.
• It's essential to focus on high-quality money by ensuring your business practices are ethical and beneficial to everyone involved.

Video

How To Take Action

I would suggest implementing a mindset focused on earning what I call "high-quality money." This means making sure that your business is always doing right by people, whether they're clients, partners, or your team.

A good way of doing this is by regularly reflecting on your business practices. Ask yourself: Are the services or products you're offering truly helping your customers? Are you treating your employees well and with respect? This reflection costs nothing but time and can make a huge difference in the integrity of your work.

You might also consider creating a feedback loop with those you work with. Encourage open conversations with your team and clients about how your offerings impact their lives. This not only improves your services but also strengthens relationships and trust without any financial investment.

Additionally, strive to make ethical decisions a priority. Before making a business decision, take a moment to think about its broader impact on people. This ensures you remain aligned with values of fairness and respect, further building the foundation for high-quality money.

By focusing on these strategies, you enhance the value your business provides, cultivating prosperity that feels good inside and out. This can lead to a sense of fulfillment that outweighs simply having more money, redefining success as making a positive impact.