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!!
If you could gain instant credibility in your market and have an automatic referral generating process to bring in more than 10 new clients a month from qualified prospects, ready to act on your advice, how much would this be worth to you?
Sadly, most advisors, coaches, consultants and counsellor-types I’ve spoken to aren’t able to answer that question. They want more money, but don’t know the value of their activities or even how to begin to calculate what return on investment for their business. They also don’t have systems in place to handle an increase in business and because they’re missing this key information, they spin their wheels doing everything by themselves in order to pick up any kind of business they can.
All these marketing initiatives are time consuming and require specialized expertise. Many people spend a lot of time and money to learn how to do some of these things themselves and end up with minimal results.
A tremendous amount of your day is spent doing marketing, service and compliance tasks that don’t make you money but are still necessary. Financial regulations are squeezing income; and re-inventing the wheel or doing what everyone else is doing only adds to the stress and unproductive activities.
If you want to double your client-base in 30 days, you need to be able to leverage your activities which means you need to know where and how to focus and systematize what you do on a day-to-day basis. Sounds logical enough, but if you’re trying to do it all, this can take years…unless you can recycle, reproduce, rebrand, and reuse something that already exists to plug into a system that produces an immediate ROI in your business.
By immediate, I mean within 30 – 90 days. How? By unlocking hidden opportunities within something that’s already produced; a renovation of sorts to position yourself in your market as an expert, above the crowd of financial professionals competing for clients so the right people will find you and you’ll be able to support them.
If you want to help people navigate the increasingly complex world of money, you must establish credibility and have systems to acquire and service your clients efficiently. In today’s marketplace this can be a costly, time-consuming, regulatory maze on your own.
It took me 3 decades to learn and build what I’d like to share with financial professionals who know what I’m talking about and aren’t afraid to invest in their business. The secrets I learned through ridiculous hard work and hundreds of thousands of dollars, can help someone from sabotaging their business with wasted time and effort. I know from personal experience that doing everything on your own is time-consuming, tedious and not very effective. I also know that leveraging other people’s time, money and expertise can be very profitable, but only if you know what your objective is because it’s way too easy to get side-tracked and spend money without seeing a positive return in a reasonable amount of time.
If you’re someone who has a clear vision and wants to move your business forward and increase your income in the next 30 days the fastest way to do that is to follow something that others have done successfully in the past, but to personalize it for your unique situations, goals, purpose, and vision; you’re repurposing what has worked for someone in the past.
If you’d like to double your business without doubling your effort and sacrificing time away from what you love, then let me know and we can discuss a simple, unique, timely and valuable asset you can repurpose for your own business to get results beyond want you can currently envision. Send me a message and I’ll look forawrd to sharing more with you then.
Sam Piercy, CFP / firstname.lastname@example.org
I have shared this with my corporate site at www.financialgrace.org , but thought I’d share it on my professional blog as well…
In this online information area people have become understandably skeptical. As a result, we have added regulations to protect against privacy and information fraud. This is good, but also creates barriers for many honest, ethical and hard-working professionals. I made a short note about this in my weekly Financial Grace bulletin and am expanding on what I mean for you today. I have a solution for you to differentiate yourself with immediate added credibility in your marketplace.
I know from years of experience that when an email arrives with a ‘special, act now’ offer there is a tendency for some people have to get offended. Many times, even really valuable information ends up in the ‘trash’ because it’s perceived to be the ‘same old, same old’ financial message people have seen before. I am contacting you today as a professional with one of those very special, limited time, limited availability offers.
I’m reaching out first to financial professionals who follow my work through Financial Grace, then to the world of finance whom God has connected me to in some capacity over the years. Here’s the offer for someone who will benefit from one or all of the following in their business as a coach, consultant, or financial advisor:
This isn’t a gimmick. And it’s definitely not hype. I have 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 taught 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.
My business has been online for years so I have mountains of experience and knowledge in this area as well. And 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.
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 email@example.com to arrange a time. Please don’t send an email asking me to send additional information. I will discuss the opportunity by phone only. Thank you.
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
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!!
Nobody likes to talk about money except financial professionals who do it for a living. Even then they will talk with their clients about their money, and they’ll discuss the markets and different money strategies, but they will rarely discuss their own finances.
Money is a extremely personal and intimidating subject regardless of whether you have millions or minimums. Because of this everyone is left to make up their own rules through trial and error and ad hoc learning. (or maybe this is why it’s so intimidating, but that’s a chicken and egg story to explore later).
The ‘shoulds’ and ‘should nots’ about how to manage money are adopted over time and become our beliefs from which we make our money decisions. But are these beliefs really serving us? The problem is that once you have a belief about money you will hold onto it and are unlikely to question that underlying belief. This means that you’ll make your financial decisions in line with your core beliefs – which have been adopted over time by ad hoc learning and trial and error – and may or may not be serving you.
A great example of this is the commonly expressed idea that all you have to do is ‘live within your means’. Or said another way, ‘all you have to do is ‘spend less than you earn’. But a subtle shift in perspective will accomplish the same thing in a way that actually increases your capacity with money, rather than reinforcing fear, scarcity and dependency. This shift is ‘all you have to do is earn more than you spend’.
It’s only when you are faced with a significant financial situation that you’re likely even be open to new ideas that challenge your beliefs. But, given the current economic climate it seems that people who have been intimidated to ask questions or to look at alternative views to solve their money issues are going to have to shift their beliefs quickly if they’re going to be able to navigate the changes on the horizon.
As we start the New Year, here are a two key financial areas that will challenge the conventional view of money. These concepts are necessary to help create a paradigm shift in your thinking which will ultimately affect your plans and your results:
1. Debt. ‘Get out of debt’ teaching will sabotage our society; plus reinforce scarcity, inferiority and guilt. The reason anyone wants to get out of debt is to use their money more effectively and ultimately so they have more money to spend and invest to create more wealth which creates more income which gives them more money to spend and so on and so on.
The goal is to have money to spend. And spending money fuels the economy which is good for everyone. This doesn’t mean that everyone should keep their unproductive debt or spend frivolously. It means that to do a complete debt evaluation and create a debt management system, you have to develop a strategy to manage the current situation, then create income to fuel your lifestyle, and finally find out how to use this powerful tool called credit effectively to enhance your wealth.
Re-write ‘get out of debt’ and substitute it with ‘earn more income to support my lifestyle’.
2. Retirement. The concept of retirement is almost impossible today. The idea of working then not working and living off your pension and your savings has only appeared to have worked for one generation throughout history: the generation immediately following World War II. It is virtually impossible to save enough to support your pre-working lifestyle in today’s economy. And even if you do manage to do it, you will spend your working life wondering if you’ve saved enough and if you’re getting a good enough return on your money. Then when you stop work you’ll be concerned with not losing what you have, or not having enough so that anyway you look at it, the concept of retirement in the conventional view is going to cause you to have financial stress.
The real plan is to become financially independent so you have enough income to support your lifestyle, whatever that might be. This may or may not come from savings and in all likelihood is best to come from several different sources.
Re-write ‘retirement’ as ‘financial independence’ and start learning about ways to earn sustainable income outside of your job.
The biggest challenge you will find is that the commonly accepted language and strategies will all revolve around these 2 primary, seemingly sound, financial activities. Financial professionals are trained to help their clients make investment and lending decisions and their products and services are primarily debt and investment products that are not about helping create sustainable income for life. They can help you with income products once you have some money, but the fuel for your entire financial plan as well as for your life requires you to be able to create income that will fuel your lifestyle without you having to work 40+ hours a week until you die. When you can take this approach your discussions with your financial advisors will open possibilities for different products and services and strategies where flexibility is important and rate of return is less important.
This means, that you will be a minority, but statistically speaking the minority is the group that ultimately has the wealth J Happy Writing!
PS – There’s a ‘makeover’ underway at MoneyMinding. Make sure you subscribe at www.moneyminding.com to get the new ‘Triumph Over Money’ report, and the be the first to hear about the MoneyMinding Makeover with mVillage special for only $10/month, or $100 a year!
In the past few days I’ve received a few related articles on the impact of debt on retirement and the stress it causes. Here are a couple of the recent ones: Majority of Retirees Carry Debt and Boomers will Retire in Debt.
Before I carry on though, it’s important that you understand that this discussion is not to be interpreted as advocating reckless spending. I have to begin with this disclaimer because money and debt have such strong connections to negative emotions that it’s critical to pre-empt any mention of anything slightly unconventional with the caveat that there are proper strategies for all of this and that money isn’t something that most adults received a foundation of knowledge in. Dealing with financial matters requires good communication with financial professionals, but professionals are not money counsellors, or teachers, and most of this isn’t part of the standard financial curriculum in any case. You need to do your part in understanding your options and work with professionals to implement the plans!
What is so upsetting about this emphasis on debt reduction in favour of asset accumulation is the seemingly absent recognition that consumer spending and consumer confidence fuel our economy. The continuous emphasis on ‘get out of debt’ so you can save a big pot of gold so then you’ll have more money to spend is only a half truth.
We actually don’t need savings – we need an ongoing source of income to provide for our basic lifestyle needs and other opportunities and emergencies that come up along the way. The fuel for spending is income. Income can be generated in many ways, yet the conventionally accepted view is that income is a more or less static variable in the financial planning process and that providing for financial needs after work will come from selling off assets (the accumulated pot of gold).
I am not aware of anything more stressful and unsettling than to life day in and day out with a nagging voice of doubt that maybe you shouldn’t be spending money on this or that because you have to get rid of the debt and add to your savings.
This commonly accepted view not only creates uncertainty, it also creates an environment where the scarcity mentality it feeds is prone to inappropriate financial decisions, bad investmenst, and isn’t generous towards others and social causes.
The lessons we’re teaching our young people who are watching their ‘retiring parents’ is that its perhaps better to not even ‘try’ to do something significant because the cost to get there is going to be too high and they ‘won’t be able to afford it’. (check out the CBC report on ‘Olympic Dreams and Olympic Debt’). Instead of pursuing worthwhile dreams, many people simply resort to a life of silent bitterness or resentment where they slowly become more and more self-centred and fearful of running out of money and not being able to support themselves.
This self-centredness becomes a distraction for a whole range of social issues because people go looking for an outlet – hmm, look at how sex has become so commonly accepted in mainstream media. People look for a way to manifest their desires somehow. Unfortunately, we are fed a constant stream of enticing images and messages about how to fuel some sort of desire we might have forgotten about or not realized we had with some kind of material good. Of course, the fulfilment of desires through possessions has an economic advantage to the business selling the goods and on some level will fulfil needs and desires of the person purchasing so there is certainly some benefit to the marketing information – until, however, the reality sets in and guilt and fear occupy thoughts with no end in sight other than further denial. It’s a cycle that isn’t good for the individual, for the family, for our communities and for our entire economy.
So what’s the answer if it’s not go ‘cut back spending, to get out of debt, and to save a bigger pot of gold for the fairyland called retirement’?
The answer actually isn’t rocket science but seems to be a huge struggle for many people because they have grown up in this culture of self-centred financial support which focuses on getting a good education so you can get a good job, then learn to manage your money on your own once you’ve got the job.
It seems that conventional teaching has completely left out the fuel for the entire plan which is the creation of income. There are many many ways to create sustainable incomes besides a job or two or three. It doesn’t take a big pot of gold for you to be able to retire and create more income from your investments, it takes independent thinking that knows the difference between earning less than you spend, and spending less than you earn. It also takes financial confidence to know how to maximize the effectiveness of your finances so you are ‘leveraging’ all your assets including access to credit, to create sustainable income that creates wealth that creates further income and so and so on.
We have to realize that getting out of debt by cutting back spending will actually reduce our freedoms, lower our standard of living and NOT provide the peace of mind or independent thinking that will assist in creating the extra funds for the additional spending money you’re looking for to satisfy your personal interests, desires and higher causes.
Remember, I didn’t say to continue to spend recklessly and to hold on to high interest non-deductible debt or to just spend on selfish desires. I’m saying that the way to win the war on debt and to create financial independence that will enable you to choose to leave work if you want (ie enable you to retire) is to learn how to earn sustainable income, to manage that income and all your other financial resources effectively (not just by looking at interest rates and rates of returns), so you can maintain your personal economy, while also helping others and ultimately our entire society!
To find out more about how a $10 solution can save your financial life, visit www.deathbymoney.com to order The Death by Money Report. To Read my specific responses to these and other similar media articles become an mVillage member to read and respond and comment on this important issue. To find out about live, personal and one-on-one MoneyMinding Mentoring please contact me directly at firstname.lastname@example.org to see if this exciting new concept is right for you!