Money is every poker player's favorite color of green

Aug 21, 2012 3:03 AM

Money is my favorite color of green, velvet to my fingers, spice to my nose, security to my psyche. A while ago I spent a lot of time thinking about money as I listened to Money Love, Jerry Gillies’ audio program devoted entirely to his, my, and many gamblers’ favorite topic.

“Within each of us there lives an inner pauper,” he says, “that is motivated by fear and fed by old ‘money scripts’ most of us learned from our parents, especially if they lived during the Great Depression.” If you were taught that money doesn’t grow on trees, or that money is hard to come by and easy to lose, chances are good your inner pauper is alive and well. And that is bad – you must evict the pauper from its tenancy in your money-mind.

“It is a sin to be poor!” Gillies shouts through the stereo system in my Chevy, defining “sin” as originally meaning “missing the mark.”

Just as poverty is a relative condition created by negative thoughts, so too is wealth created by the mind. All we need is a clear vision of how much money we want, a belief that we will get it, and some practical skills to acquire it. Simple, huh? Albert Einstein must have thought so when he said, “Imagination is more important than knowledge.”

Because money is an extension of your self-worth – your mental self-portrait – it is important that you shed the “poverty consciousness” you may have adopted from your elders and get on with developing what Gillies calls “prosperity consciousness.” Or what I think of as kicking out the inner loser and becoming a bona fide winner.

He suggests many profitable tips, including the following four provocative concepts he titles “Money Love Truths.” Imagine yourself practicing each “truth” during your next gamble and see what you come up with.

• Enjoying your money makes it easier to accumulate wealth. We are more motivated by the pleasure principle than we are by the hard-work ethic. Since making money usually is our work motive, we need to enjoy the fruits of our labor, namely money, to further motivate ourselves toward becoming as wealthy as we can imagine.

• You don’t have to work hard to make a good living. What you need more than working a 40-hour week is quality ideas and innovative products. In poker, you may only need to “play” harder, not longer, to make a better living.

• Loafing is one of the most creative money-producing things you can do. Gillies is talking about creative downtime, thinking about a course of action you can take to create more wealth and then designing a plan to get it.

• You can be as good a person rich as poor. Probably better. It is the rich who can afford to be philanthropic and give large sums to charities. Both “rich” and “poor” are four-letter words: Which one is more melodic to your ear?

In the next Gamblers Edge, six more “money truths” from Gillies.