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?
I’m not going to point the same content on multiple blogs and social media sites – but right now is a time of transition. God is working in powerful ways in and through my life so there’s a lot to share. My latest blog post and newsletter through Financial Grace introduces what’s been happening and what’s breaking through!!
You can read it here and make sure you sign up to get all the revelations and inspirations to apply to your own life!!
May 25, 2017
You alone are worthy. You alone are the creator and maker of all Heaven and earth. Your name is above all and in all. Your plans are good; they bring prosperity, blessings and abundance to your people that all will praise your name and all will know that you are God and you are good!
You have given me (us) so much and I am thankful for those things where I can see your hand at work in my life. I live in a beautiful part of the world and for so many years you have provided even when I was trying to do things on my own. Lord God, I know that for too long I have tried to control the circumstances of my life. Particularly as it relates to money. Somewhere along the way I have believed that I needed to work had and manage what I earned. I somewhere along the way believed that if I could learn the secrets to wealth that all my dreams would come true. Yet, I didn’t even know what my dreams really were; they became clouded by the images and ideas of people around me and what I saw and thought I ‘should’ have in order to be accepted and loved. I believed ‘if only I could be, do, have more’ then I would be happy; then I would truly live.
The result of course has been death. Death of dreams, loss of loved ones, loss of peace, joy and love; loss of money and precious time. Your word says that you will restore that which has been stolen, even when I was the one who let the enemy in to steal the treasure; treasures beyond money. Lord God, I am so sorry. My words see hollow for the enormity of the losses that have resulted in my own pride and attempts to be self-sufficient’.
You have good plans for my life as you do for everyone’s life, and I willingly chose to partner with the devil who has been trying to rob, steal and destroy those good plans for me and all your people. For as long as I can remember a nice home filled with family and friends and joyful, peaceful activities has been a desire of my heart. Your word says that you will provide these things for your people – You will provide them, not my hard work or craftiness; not the bank or my ability to access and maneuver through the maze of credit. It is you who provides each of us the ability to produce wealth including a nice home.
As we struggled to control the financial reality after the devil tried to steal my dream of impacting nations with a message of financial abundance according to your plans and purposes, your hand led us to sell our home and live in temporary accommodations. These are lovely, but they aren’t home. Lord God, I (we) believe you have led us here by your mighty hand and you will deliver us to our promised land here on earth as it will be in heaven as well. Right now I don’t see how…so I give you this dream and these desires to bring forward in a way that is peaceful, joyful and honours your name.
I / we thank you for your continued and increasing income for our daily bread and I thank you that you have unlocked the resources in our heavenly bank accounts for the purchase of the home which you are leading us to now. I thank you for the release and forgiveness of all debts; financial and relational; that nothing will hinder the completion of the purchase of the promised land you have pre-selected and prepared for us to reside and carry on the good work you have prepared for us to do.
Lord God, in the name of Jesus, I declare and decree that there is more than enough to purchase, develop and maintain the home you have for us to live in today. I claim 1 Chronicles 28:20 as you revealed to our realtor in her devotions, over our life, over this purchase and over every area of this transaction, over every square foot of this land, and over the vision for the ministry work to take place from this land. We claim blessing and honour to all who walk there today and who will walk there in the future. We thank you that your blood has cleansed and purified this land and that your ministering angels are preparing all the details for us to take possession.
In the mighty name of Jesus, we stand against any attack of the enemy; all firey darts and any negative thoughts that attempt to sabotage your good plans. We ask Holy Spirit that you fill us to overflowing with your goodness, strength and wisdom; and that it is you who brings forward all the resources needed for an efficient, profitable transaction and move. We give you all these details to care for while we willingly carry out the tasks you set before us as your Servants.
Thank you, Lord. In your mighty name, Jesus I / we pray,
“Be strong and courageous, and do the work. Do not be afraid or discouraged, for the Lord God, my God, is with you. He will not fail you or forsake you until all the work for the service of the temple of the Lord is finished” (1 Chronicles 28:20).
In the online information area there is one thing that is consistent with all business: Relationship between customer and business is a key factor in revenue success. In an online business, relationship is built with consistent, valuable mostly written communication with clients. This requires ongoing content for emails, blogs, social media, etc.
Producing this information is costly, time-consuming and requires a different skill-set than consulting, coaching and advising – yet is increasingly more and more necessary for business success today.
Unfortunately, many people have become understandably skeptical of the information they receive online. As a result, we have added regulations to protect against privacy fraud. This is good, but also creates barriers for many honest, ethical and hard-working people to reach and communicate with
their customers. I’m saying all this because I know from years of experience that reading something online, whether its in the form of a post, website, or email, there is a tendency for people to be hesitant, and in terms of email some people even get offended when they receive what they perceive to be an unsolicited sales pitch. I also know that building and maintaining relationships online requires a tremendous amount of ongoing, valuable content.
It’s been a couple years since I have posted anything or sent emails about my inventory of personal financial content – but it’s time for me to take another big step towards my true passion in biblical teaching. In the past, I primarily communicated by email through my business, MoneyMinding, or through one of the financial industry partners I provided content and training for: Advisor.ca; CGA Professional Development, Investment Executive, Clickbank, Credit Union Professional Development, or some other optin source for personal finance information. Today, I am reaching out again to offer access and / or purchase of this valuable intellectual property.
The opportunity is extremely limited for a select number of qualified professionals (or perhaps for only one person or organization) who would benefit from one of the following in their business as a coach, consultant, or financial advisor:
This isn’t a gimmick. And it’s definitely not hype. There are thousands of hours of professionally written personal finance articles, tips, books, courses, special reports and presentations available. I wrote the material; I own the copyright, trademarks and applicable URL’s; I have over 30 years in and around finance and marketing; I have the credentials and experience which includes teaching licensing courses for financial professionals including the CFP; I have developed materials for financial regulators and produced one of the best-selling continuing education courses for the CGA professional development association for over 5 years running. Best of all, financial literacy information is generic, timeless, borderless and this content was developed to build a connection between clients and the professionals who serve them.
This is not an offer that is available on an ongoing basis for anyone to take advantage of (unless you wanted to do that yourself as a business within a business). If you are curious and think there might be something you and / or your organization can benefit from then we will have a one-on-one conversation about whether the opportunity makes sense for you. I can be reached at 250-592-0457 (pacific time), or firstname.lastname@example.org to arrange a time. Please don’t send an email asking me to send additional information. I will discuss the opportunity personally only. Thank you.
PS. The reason it’s a 30, 60, or 90-day turnaround is because the content is ready for rebranding, reprinting and repurposing with minimal input of effort. This will produce almost immediate results in your business, and provide an opportunity for instant, enhanced credibility which also increases revenue potential!
In finance, business, and in life one thing we can be assured of is experiencing disappointment at least once in our life. It might be as simple as a cancelation of a social activity you were looking forward to because of weather, to something as strong as a deal collapsing on a property you were sure was your dream home.
Not holding on to disappointments by moving forward is a key to successfully persevering through many of life’s trials. If you make an investment, expecting it to provide a healthy positive return and instead it drops in value, you have a choice to hold on to the investment and hope it comes back, or to take your loss and move on to something else. If you choose to hold on to the disappointment, you are being passive with your circumstances. Taking action will reinforce confidence and provide you with opportunities you wouldn’t know existed if you didn’t move on.
For many months last year you heard me offering my MoneyMinding portfolio of personal finance content and materials for sale or license. Several people took advantage of the opportunity and are experiencing the benefits today. Unfortunately, the ‘one only’ final sale has fallen apart so I find myself with a choice: stand by passively and wait for the person on the other end to follow through, or move on. I choose progress!
I have a very unique and valuable opportunity for someone who works in some area of finance to have their own instant library of materials for marketing (both online and offline), for courses and seminars and other trainings, for publication, for re-branding, and ultimately for additional income for your primary business as well as direct sales from the rebranded, re-published information.
I can provide you with:
This is a one-only, best-offer opportunity. Call me at 250-592-0457 today if you’re interested!
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).
Today (August 23, 2013) starts our 50 day countdown until October 11, 2013. That day happens to be my 50th birthday. In celebration and in preparation for launching new MoneyMinding programs we are giving away $250 cash. For every 50 Power Money courses sold we’re giving away $125 to the winning name and $125 to the person who referred the winner if applicable. All you need to do is forward the 50 tips. The easiest way is to ‘like’ MoneyMinding on Facebook or follow me on Linkedin. Power Money is the most comprehensive, practical personal money program you’ll find anywhere. It’s unique. It’s powerful in what it can do for expanding financial capacity. And, it’s the foundation and pre-requisite for other valuable MoneyMinding programs I know you’re going to want to participate in in the future.
I’ve heard some people estimate that 90% of the population is looking for more money. I’ve also heard that only 30% of that 90% are willing to do something about it. The rest just want the easy way out so hold on to ‘lottery thinking’ by chasing windfall opportunities and quick fixes. To win the lottery in your life, you can invest a couple hours a week to learn how to build a system and financial foundation that is uniquely suited to you in order to experience the results of unlimited and sustainable income in your life. Order the Power Money Course today to create your plan for financial results beyond what you previously thought possible. Blessings, Tracy
The other day I was speaking with a client when what I thought was a small bird flew into the room. At closer inspection I realized it was the largest bumble bee I’d ever seen in my life. My client and I had been speaking about the new revenue stream she was adding to her business and how it was a little overwhelming when she considered all the details that had to be looked after in order to streamline her operations to make the whole business ‘fly’.
The bee reminded me of a story I’d heard about how bumble bees apparently aren’t supposed to be able to fly. Apparently in the 1930’s a story was circulated stating that according to the accepted theory of the day, bumblebees didn’t generate enough lift to fly. The story goes, that some scientific-type person did some calculations and claimed that it was aerodynamically impossible for bumble bees to fly. Obviously no one bothered to tell this to the bumble bee that has been happily flying around pollinating plants its whole life.
According to one website I looked at to make sure I had my bee facts straight, bees’ wings are abnormally small relative to their bodies and someone had made a faulty analogy between bumble bees and conventional aircraft. If an airplane were built the same way as a bumble bee, it would never get off the ground. But bees aren’t like airplanes, they’re like helicopters. Their wings work on the same principle as helicopter blades… A moving airfoil, whether it’s a helicopter blade or a bee wing, generates a lot more lift than a stationary one. The real challenge with bees wasn’t figuring out the aerodynamics but the mechanics: specifically, how bees can move their wings so fast-roughly 200 beats per second, which is 10 or 20 times the firing rate of the nervous system. The trick apparently is that the bee’s wing muscles don’t expand and contract so much as vibrate, like a rubber band. A nerve impulse comes along and twangs the muscle, much as you might pluck a guitar string, and it vibrates the wing up and down a few times until the next impulse comes along. (http://www.straightdope.com/columns/read/1076/is-it-aerodynamically-impossible-for-bumblebees-to-fly August 12, 2013)
The point to all the bee wing facts is that as I was discussing the financial implications of the new business model with my client, the giant bumble bee flew into our skylight and was buzzing around trying to reach for the sky. Every attempt to fly through to freedom got him no closer to his destination and was in fact just wearing him out. If I left him long enough I’m quite certain I’d have found him on the floor sometime the next day.
He was such an unusually large bee that I decided his mission could use a little help. I put my client on hold and went to retrieve a butterfly net we keep on hand for various household bug catching adventures. With one swoop, I scooped up the bee and let him outside where he could fly to freedom and carry on his worthwhile business of pollinating plants.
The bumble bee story provides a great analogy for financial situations. The first is in how the bumble bee fly’s in the first place: if you look at its physical circumstances many people could easily justify telling the bee that his situation was hopeless; that he should give up on the idea of flying and to be content crawling around the ground like other insects such as ants or spiders. Happily for the bee, it took a different approach and modified its situation so it could carry on with the work it wanted to and was supposed to do.
The second situation of getting stuck in the skylight could have been catastrophic for this bee because he was so focused on the big picture that he forgot a couple critical steps. These steps are also critical financial steps. One is that there might be more ways to reach for the sky, than there first appears. Opportunities of a lifetime come around everyday when you start to become aware of them. And just because you have been successful overcoming obstacles in the past doesn’t mean you’re always going to be better off self-sufficient. Another is that sometimes you can benefit from an outside source to provide you some direction. Too often with finance people are so afraid to share their situation with others that they become self-centered and will continue to beat their head against the ‘skylight’ thinking the next attempt will provide them with their freedom. There is a lot to be said for stopping, waiting, asking, and sharing. I was able to assist the bumble bee because he finally stopped and rested on the wall near the edge of the skylight. I saw his plight, and was happy to help him. Plus, I’m sure he was happy I came along so the situation created a win / win for both of us!
When you’re looking for financial results and finding yourself up against the same closed window all the time, perhaps the best thing is to consider the bumble bee and shift your perspective, slow down and wait for your personal version of the ‘butterfly net’.
In order for goals to be achieved they have to be able to be measured. When you set a fitness goal, for example, you wouldn’t say, “I want to be in better shape” because the term ‘better’ is subjective and not measurable. Instead you would say something like, “my goal is to weigh xx pounds, with xx percent body fat, and be able to run xx distance in xx time or less by xx date. When you fill in the ‘xx’s’ you have something concrete and measurable to work towards and a way of keeping score. If by the date you set, those specific targets have been met, then you will have reached your goal to be in better shape. This works because you determine what the ‘rules of the game’ are and how the game is won. This means that you will also be the one who will keep score during the time between setting the goal and the date you determine the game to be over.
Once you fill in any one of the measurable results that will ultimately determine whether you have reached your initial subjective goal of being in better shape, you start creating the foundation which will help you build towards the realization of your goal. Your initial idea starts to take shape as you get more specific on what the concept of ‘getting into shape’ actually looks like.
This is exactly what happens with money. The initial idea for most people is that they want to be able to live a life unencumbered by money. They don’t want to be inhibited in any way because of a lack of money to follow through on their desires. In actual fact, what they’re saying is that they don’t want to be limited in any way because of a ‘perceived’ lack of money. I say ‘perceived’ because until you know exactly how much money you’re looking for and when you require it by, the overall concept of more money starts will continue as a subjective idea.
Typically what people are after with this subjective concept of ‘more money’ is a sense of financial freedom. Financial freedom will be very different for everyone though. This is why it’s so important to start determining in dollars and cents what the criteria are for measuring what financial freedom is for you. My dollar figure will be different than your dollar figure because we have different values, beliefs, goals, and life circumstances. The strategy of measuring the different aspects of your goal is the same for everyone because this is how you determine what the rules of your game and how you play the game (the activities and income creating strategies you’ll apply), ultimately how you keep score and whether you win or keep playing.
In finance, the ultimate goal is financial independence, not just financial freedom. Financial freedom can actually be experienced at any time regardless of your financial circumstances because it’s essentially a state of mind. Financial independence, on the other hand, is specific and measurable because it’s the situation where your passive income exceeds the amount of your monthly expenses.
Passive income is of course, different than active income. With active income you are using your time in order to generate income to support your lifestyle. As you plan and implement your financial plans your objective in ‘playing the financial game’ is to use your active income to create assets which create passive income which enable you to create more assets which create more passive income etc. Passive income with eventually be generated from your assets in an amount that exceeds your lifestyle expenses.
This means that you have to know what your monthly expenses will be when you’re not actively earning income. The concept means you start by understanding exactly how much money you’re going to spend each month. This is not a subjective concept about living a sort of ‘magazine; lifestyle. How much exactly will it take for you to live whatever income you truly see living for yourself. In order to establish this you’ll have to do some research and develop some skills in order to be able to take a capital expense (a purchase such as a house or furnishings or car or clothing, etc) and turn it into a monthly income figure. When you do this you are now thinking financially, rather than subjectively or with simple math.
Financial math includes the factor of time. Simple math on the other hand, is not as dynamic and tends to involve only basic formulas for addition, subtraction, multiplication and division and percentages. The missing component necessary to take you subjective idea and be able to turn it into something that is measurable and manageable is time. This means that if you are starting today and you have defined the monthly passive income objective specifically, then you have to know ‘when’ you plan to have that income in order to discover and implement appropriate activities necessary to ‘win the game’.
In fitness sometimes there are calendar dates which assist in setting goals. Often these are personal such as birthdays, anniversaries, or special events. In fitness, if you plan to attend an organized event then dates are pre-determined. You just have to make sure you allow a reasonable amount of time for training. Without a specific date you might still get in better shape, but your activities are less likely to be as focused so reaching your target can happen whenever.
Because setting goals creates a gap between where you are and where you want be, this is why people find it easier to simply talk about goals from a subjective perspective if at all. Then if they do start to test the waters of goal setting they are cautious to make sure that what they’re doing is ‘realistic’. What this means is they’re afraid of being disappointed so they attempt to reduce the size of the goal to make it seem more likely. This can be a good strategy, however, it can also be limiting.
In my experience, the concept of setting a dollar goal is significant enough to cause stress enough that people don’t bother following through, so the idea of putting a date on their goal which provides the key to the overall strategy and therefore overall success is simply ignored or treated with the same subjective manner as the initial concept of ‘more money’ and ‘financial freedom’.
So how do you determine an appropriate date for the realization of your financial goals? The ‘easy way’ and ‘quick fix’ with a lump sum of money isn’t the answer since you’re looking for measurable activities you can do in order to create assets which create income – not windfalls. If along the way you happen to receive a windfall then consider it a bonus point. Your primary focus is to us your skills and expertise and all your resources in order to create passive income in an amount necessary to pay for your personal lifestyle expenses.
The following are some specific questions you can ask yourself to help you determine when your ideal monthly passive income budget will be reached:
1. Are there any life events that make a transition in your life such as getting married, having kids, kid graduating from school, turning 30, 40, 50, 60, 70, etc…
2. Are there any significant priorities or causes that need your time that you’re not able to devote the time you’d like to today because of financial constraints? How important are these issues to you? It’s one thing to say that something is really important to you and another thing entirely to be confident enough to follow through with the necessary activities. How much time on a daily, weekly, or monthly basis do you have to commit to implementing a strategy to create passive income for yourself without it interfering with your current priorities?
3. Is there anything in your life today that could create an obstacle to change that has to be dealt with first? Examples could be work or family commitments that have to be streamlined in order for you to have some more time and energy before being able to invest a significant amount of time into developing anything new. If there is then when will you be able to make the change to create the time and space to develop new projects and systems? Or, what has to happen before you will be able to dedicate any significant time towards anything new?
4. Are these ‘real obstacles’ or are they feelings of obligation or something you would feel guilty if you didn’t do?
5. Is there some amount of time in your schedule that you could devote to something different, but you’re hesitant because you’re afraid of not following through even with a little bit of energy directed towards change?
6. If you knew for certain that your income plans would succeed exactly as expected, and all you had to do was come up with the plan, then what date would you set for your goal to be realized?
7. Can your plans be multiplied? For example, if you would like to achieve the $5000 in passive monthly income in 2 years instead of 10, then could you identify an income producing project that provided you with the initial $100 then duplicate then seek to duplicate that effort through multiplication? For example, If you were able to set up a system to create recurring orders for a product you were marketing, could you do this for 5 products within that year? Or, what if you developed a strategy to invest in positive cash flow producing real estate and each property provided you with $100 per month in positive cash flow. If you wanted to accelerate your results, then your question would be, ‘how can you duplicate your effort’? The simple answer to the real estate example could be to purchase multi-unit buildings.
There are certainly other possibilities, the point is that it is the combination of all these personal things that come together to determine your plan: values, priorities, causes, desires, interests, money goal and TIME to fund your desired lifestyle. The plan and activities to bring it into reality is developed based on all these criteria.
The significant information that you need first is what your monthly income target is and what is the date you intend to have accomplished your goal? These 2 pieces of information are required before you can select the activities, not the other way around. Sorry, it just isn’t as effective. Our job is to do what we can with our goals set in stone and the plans in sand. This way, quite honestly, you have set up a foundation to connect God, money and real life so God can do what you can’t. It all just takes a shift in thinking, and certainly requires a commitment, to follow through regardless of delays, disappointments and uncertainties. But ultimately it’s your life. If you’re not willing to commit to following through, then that’s ok: just make sure you recognize that you’re playing a different game and don’t ‘try’ to win a game you’re not prepared to fully play. You don’t have to have all the specific plans mapped out as long as you know how the game is won; in finance that means the time and the money. The rest will fall into place as you pursue the activities taking you in that direction.
PS – There is also an expanded version of this article in the MoneyMinding mVillage online resource. You can access this resource by registering for access to mVillage here.
(c) 2013 Tracy Piercy, CFP. If you like this information and are interested in reprint information for your business please call me at 250-592-0457 (pacific)