What if Conventional Money Teaching is Training us to be the 3rd Servant?
What if Conventional Money Teaching is Training us to be the 3rd Servant?
If you learn how to manage your pennies, you can also learn to manage a whole lot of money. Which would you prefer: $1000 per day for 30 days of a penny doubling for 30 days? Do the math and you’ll quickly discover how the small things repeated consistently produce the biggest results in the shortest amount of time.
This is the theme of the Power Money Course. Order yours today to find out what those ‘small things’ are for you to realize your own $1000 per day (or more or less depending on what you really need to pay for the life you’d like to live).
This FREE Webinar was / is available now through The MoneyMinding Foundation. There was a huge response which really isn’t a huge surprise given the message so incase you missed it – you can access the recording here. Below is the information on the event that I promise is packed with information and isn’t just a gimmick to get you sign up for some investment or business strategy.
Waaaayyy too many people don’t even take the first step because they simply don’t believe. They don’t have faith. They just can’t see how it’s even possible, so they immediately dismiss the whole idea as a scam, or deceitful tact attempting to then swoop in with some sort ‘get rich quick’ scheme. They say things like, ‘what’s the catch?’ and assume there must be a product or business strategy going to be pitched.
UUGGHH! Yes, there is wayyy too much of that and for too many years people have got their hopes up only to be disappointed so now they’re jaded. Honestly, this is Tracy speaking from her heart here, “I have been so badly burned and disappointed myself over the years, that the saddest part of what I do is to listen to the naysayers who are looking for something different and are just too tired, stressed, or beat up to keep looking.
Unlimited Income is a FREE webinar. I promise you it won’t try to sneak anything funny into the process. This program is designed to give you an introduction to the question that everyone wants to have answered, “how can I do that?”. It’s your perfect opportunity to find out more about the paradigm shift that MoneyMinding presents in personal finance, AND, what that means to you – today.
My intention is to provide valuable information that you can act on immediately if you want. I’d also like to invite you take further steps in your new money journey and this event will help you figure out where and how to begin.
Looking forward to sharing the ‘how’ with you!!
47 During the seven plentiful years the earth produced abundantly, 48 and he gathered up all the food of these seven years, which occurred in the land of Egypt, and put the food in the cities. He put in every city the food from the fields around it. 49 And Joseph stored up grain in great abundance, like the sand of the sea, until he ceased to measure it, for it could not be measured.
53 The seven years of plenty that occurred in the land of Egypt came to an end, 54 and the seven years of famine began to come, as Joseph had said. There was famine in all lands, but in all the land of Egypt there was bread. 55 When all the land of Egypt was famished, the people cried to Pharaoh for bread. Pharaoh said to all the Egyptians, “Go to Joseph. What he says to you, do.”
56 So when the famine had spread over all the land, Joseph opened all the storehouses and sold to the Egyptians, for the famine was severe in the land of Egypt.57 Moreover, all the earth came to Egypt to Joseph to buy grain, because the famine was severe over all the earth. Genesis 41:47-49,53-57
The story of Joseph has been told so many times and offers so many lessons that sometimes it’s easy to think we know the story and that’s that. However, when you stop learning you become complacent and ineffective and self-centred – not exactly qualities of following God’s will.
A couple of years ago I was asking the Lord for some insight to why the commonly accepted financial wisdom was to accumulate money for the future (not that this is bad, it’s the emphasis on it for retirement that is perplexing) He lead me to the story of Joseph and revealed some interesting principles that address so many financial issues that cause uncertainty for people today.
Typically the interpretation of what Joseph put in place in Egypt after interpreting Pharoph’s dream of 7 years of prosperity followed by 7 years of famine is that the Egyptians saved up the food during the good years so they wouldn’t starve to death during the famine. It’s interesting to note that the passage doesn’t mention any fear running out or not having enough, nor does it mention storing the food just for the Egyptians.
What the passage actually says is that the Egyptians produced the food from the land and it was collected and stored in the cities throughout the country. When the famine came, the Egyptians sold the food locally and to people who came from abroad. Producing the food from the land, meant they processed it in some way and selling it meant they created income from their efforts. In this way, what they created was a sustainable economy.
It seems to me that God provided fruitful land from which the Egyptians could work together at the local level to use their talents to produce goods that benefited them and others. Because the produced food was available in cities throughout the country they had a distribution network so the produce was accessible to and beneficial to many people.
Today to produce abundance means despite an apparent lack or gap I resources, means you have to first focus on the prosperity that you do have available, then find a way to produce something of value to others; particularly something that is essential and consumable. Then work with others to create a system to sell your goods. This is the entrepreneurial spirit of infinite possibilities that creates abundance, rather than stockpiling for personal survival with a concern that you might not have enough or might run out. Your plan doesn’t have to be huge with a worldwide audience, it just has to start with a mindset of creating a sustainable income in your personal economy by considering the needs of others as well as yourself.
You can read more about the consequences of our current thinking around personal finance following the accumulation model in The Death by Money Report available at www.deathbymoney.com
Contrary to conventional wisdom, financial freedom doesn’t happen when you have no debt. In fact, the road to debt freedom and the process of maintaining it will actually halt your progress. That’s not to say that you should run out and rack up your credit cards and abandon your debt – that’s just irresponsible. It’s to say that the missing key to financial success; to reducing financial uncertainty; to experiencing financial peace – doesn’t happen when you have no debt.
When you have access to credit you have access to an incredibly powerful wealth building tool. If you use it incorrectly, you don’t get the results you’re looking for. When you appreciate it for what it can do, and you take the time to know how to use it effectively, you can experience its full potential in ways you didn’t previously know existed or were too fearful to act on.
The problem is that this powerful tool called credit has been provided easily without adequate instructions. Sure, there are the basic operations such as how to make purchases and payments, and what the interest charges are and the consequences of not making payments. These are the just the basics. Unfortunately because the more advanced operational instructions haven’t been taught, or have been misused, we have millions of people using the tool who don’t even know that they don’t know that there are better ways of using what they already have.
Think about it. Do wealthy billionaire tycoons like Donald Trump make financial decisions about how to pay off the mortgages on their skyscrapers? Not likely. They have learned to use credit to acquire an asset that creates income which pays for the expenses of the building as well as the credit that was used to make the purchase in the first place.
The bigger problem we have with this focus on getting out of debt is that far too many people have been given access to credit and have used it to acquire the lifestyle they want, rather than using it to earn that lifestyle. They know how to work for a living and how to access credit, but then they listen to scarcity minded teachers who haven’t fully grasped the concept of how our economy operates. For some strange reason, many people seem to think that by taking money out of the economy by stopping spending so they can get rid of debt that they have been told is ‘bad’ that somehow they’re going to be able to live happily ever after. This is partly because they haven’t received the proper instructions on how to maximize the tool they have in the form of credit but also because they have lost the ability to understand how to create income.
Haven’t we heard from some great success teachers about the concept of ‘what you focus on expands’? If you focus on what you don’t want then aren’t you really telling yourself that you’re not worthy of the desires you have been acquiring with this tool called credit? Does negative reinforcement really inspire confidence to learn and to develop new skills? Does cutting back and denying your interests ultimately help you learn how much money you really want to earn so you can live the lifestyle you really want to live? There is a balance that happens naturally when you are committed to your vision.
When you focus on getting out of debt you are actually reinforcing lack, scarcity, fear and unworthiness. Sure, some non-deductible debt with high interest rates is better gone – but the way to get rid of it is to focus on creating income. You have to find ways to earn the lifestyle you desire, rather than acquiring it with plastic cards. And when you can master that skill, the income will be sufficient to look after the debt and your desires, and then we can all live happily ever after!
Visit www.deathbymoney.com to find out more about how to practically apply this concept in real-life.