On the delusion of failure due to lack of money

If you follow the process of success, you can see that many factors are intricately intertwined. Even successful parties cannot fully explain the background. Particularly great successes are more difficult to explain. This is because the greater the scale of success, the higher the probability that luck was involved in some proportion. Luck is absolutely impossible to analyze. Sometimes there are people who say that luck is also skill, but that is completely wrong. Luck refers to invisible connections and influences that are completely out of our control. But many people make the storytelling fallacy and try to analyze their success. One of the representative errors is to say that when a person with a lot of money does something, the decisive cause of success is because he has a lot of money. Is it really so?

Of course, if you have a lot of money, it is true that the probability of success is relatively high because the range of choices is wide. But it’s just a matter of probability. If you really have a lot of money, will you succeed unconditionally? Absolutely not. By simple logic, few of the world’s top 50 companies by market capitalization 50 years ago are still standing today. They had more money than anyone else, so why couldn’t they stay at the top? Is it easier for a family to grow its economic power because it has a lot of money, as well as maintaining that wealth once it has become rich? If you’re lucky, a few might be, but we can easily see that most of them are absolutely not.

There are some things you shouldn’t be mistaken about money. The core function of money is a medium of exchange, but money never actively works for us. Success isn’t about having a lot of money, it’s about people who use money well. Luck is out of our control, so in the end, the most important thing if we want to succeed is ability. To stay rich and move on to greater success, rich people must exchange their money for useful skills or abilities to create new added value.

Rich people think they make money with money, but that’s not the case at all. The only way to earn money is to gamble. Rich people who choose to gamble are very likely to go bankrupt soon. After all, in order to grow wealth, there must be appropriate exchanges that generate profits. (Some might call this process investment, but I think the investment we generally refer to is actually close to “speculation.”) Therefore, even if I don’t have money, there is always a chance to make money if I have outstanding skills. This is because people with money are always looking for people with skills.

So let’s get rid of the delusion early on that you didn’t succeed because you weren’t a gold spoon or because you didn’t have enough bullets (funds). Most of them fail because of bad timing or incompetence. Since timing is also an area of luck, in the end we should focus all our capabilities on developing controllable skills. In fact, according to a survey, the reason most startups fail is not because of a lack of funds, but because they launch an item that the market does not want or lack practical capabilities such as marketing. So, “If only I had a lot of money… .” Let’s study and study at the time of lamenting the same situation. Money may come and go, but the skills I have developed through my studies last a lifetime. Be sure to keep in mind that studying is the most perfect answer in the world.