Our “wrong” beliefs can
block our “incoming monies” because we’ve heard and repeated like good parrots
similar things such as “It took you awhile to get into this mess and so it will
take you awhile to get out of it”, we think that indeed it will take more time.
And equally devastating is that we don’t know “how much time” or we don’t take
the necessary action to create our own time table to see it accomplished.
If your “mess” has to do
with not “realizing” money or having money in your hand for your distribution
desires, I will show you how to have a “mess of money”! Money is all around
you; it is as common as the air you are breathing right now. Look around you. The
banks in your town have money. Businesses on Main Street have money. The person
who has a successful home business has money. Money is all around you; you have
not just accepted it yet. You’ve not accepted this in your mind where your
thoughts rule your reality and you’ve not accepted this by simply doing what
steps it takes to reach out and receive it.
One thing you must learn
is that you have much disbelief about money and how to realize it. Here I am
combating the thought of you not having money and about the untruth of “it
taking a while to get into your situation and so then it must have to take a
while to correct this”. Certainly it may have taken you a while to see how not
having money realized has brought you to a situation where you don’t have money
“on hand” or “in hand” to distribute to meet your obligations. I’ve already
addressed how having money in hand could change at almost a moment’s notice.
I’ll remind you of a few
ways. You could win a sweepstakes, you could get a raise at work, someone could
pay a past obligation, take you out to eat, purchase you a car, pay your month’s
rent. All of these scenarios could happen today; even if it took years to get
you into this situation. Believe that it could
happen. Start with being open to that possibility. By all means, don’t stop
doing what you are doing for income and working at your “j.o.b.”, but simply
open up to the possibilities of having more and more will come to you.
LIVE ON 50% OF YOUR
INCOMING
I’m now going to share
with you how you can, and should, live on 50% of your “incoming”. If this frightens
you, or causes your logical part of your brain to do flip-flops, that’s OK,
hear me out. This and more is possible; as one of my mentors Bob Proctor always
“preaches” about turning your yearly income into your monthly income. Do you
think that when (not if) you make that happen, that you could then live on 50%
of your income? My answer is to set up a program to live on 50% of your income
first and then see the good which will happen.
I’ll first share how you
should “distribute” your “incoming” and then I will speak on each. Think of
starting with your 100% or for every $100 you receive.
100
20 to God
80
10 Save and INVEST
70
10 Self Education
60
5 Recreation
55
5 Past B.O.B.S.
50
50 Life’s Revolving Outgoing
MORE
Alright, let’s look at
each of these.
TO GOD 20%
First out of every $100
which comes in to your life, as fast as you possibly can, distribute 20% to “God”;
like it was a hot potato. Don’t think about it, just do it. As requests for
donations, and when I see articles of places of “need” by others (remember;
others have needs, you do not, you have “desires”) I place them in a file. On
my designation “income day” I promptly go online and using my debit card from
my financial instition, a credit union in my case, I go to their website and “donate”
to their cause.
Some will tell you to
give 10% to your church which you attend and anything else above this is a gift
and doesn’t “count” as your first tenth; or “tithe”. I am sure to give this to
a cause which “spreads” the “good of God”. You choose where you want to give,
the main thing is to “give”. You surely cannot expect to get without first
planting and planting good always harvests good fruit.
Why do I give 20%? I
will tell you that over time I have learned to love giving so 20% is a treat
for me to do on every “Income Day”. Of course I feel good about doing “good”
and seeing the good which is done by these places where I donate and am glad to
know that in some small way I’ve contributed to this. I will share that I also
give because I expect to get back. If giving to get is considered “greedy” then
talk to a farmer who plants a seed. He or she plants seeds with the expectation
to receive.
Before I move on to the
next distribution amount I want you to think about when you last tipped
someone. There are many who do not tip, or tip poorly; and that is why they
themselves remain “poor”. Tipping is another way to give and to plant for a
bigger harvest. Always tip and be a big tipper! I rarely tip less than 20% and
so one day I thought of how I was “cheating” God by only sharing 10%. I’ve
heard of evangelists whose goal it was to give 90% and live on 10%! I was told
that this is exactly what the famous business person LeTourneau did with his
large land moving business. And know that a very large percentage of “rich”
people give a very large portion of their remaining money after taxes away.
SAVE AND INVEST 10%
Do not save for a “rainy
day”. When you do you’ll always have rainy days. This is not to say that you
should “spend” your money fast and foolishly. I will share with you here how
much to save, the thought behind it and when to distribute it.
It’s been said that
everyone should have 3 months’ worth of their usual income set aside for
emergencies. OK, if you believe that and believe this without any malice or
remorse about money, do so. How is that working for you so far? Because people
save for a rainy day, it rains and it pours.
Tell your brain that
this money is not for a rainy day but that it is for investing. Open a separate
account at your financial institution and title it “Investment Opportunities”.
After you’ve followed this routine for a while and your investment opportunity account
has reached the 3 month income level, then start placing your money into
opportunities. Also, start today in researching opportunities available so you’ll
impress upon your subconscious that you really are looking for opportunities
and that this is what this fund is for.
SELF EDUCATION 10%
The best investment is
in your own education. Successful people and those moving forward to becoming
more successful create their own curriculum. There is so much information which
is at “no fee” (note that I did not say “Free”) such as on YouTube and you can “pay”
to learn from many online educational sources. Create a separate account and keep
filling it until you have the funds to purchase programs or attend live
sessions (try to attend a day or weekend every 90 days). Improve yourself and
you’ll improve your pocketbook or wallet.
RECREATION 5%
Most people do not take
vacations because they say that they “can’t afford it”. As long as they keep
muttering this for their ears to hear and their mind to bring to them, they
will continue not being able to afford taking the required time off which is
important to achieve all the other things I’m talking about. When you don’t plan
to treat yourself to pleasurable time off your subconscious knows that you don’t
reward it for all the hard work it does for you and will reward you with symptoms
and ailments which force you to take time off and it usually isn’t pleasurable.
Create an account titled
“recreation” and feed it every “income day”. When you have enough funds for
that vacation (or better yet choose a vacation destination and a date and
accelerate your filling this account so you’ll get it sooner) enjoy!
PAST B.O.B.S.
I’ve shared elsewhere
how you do not have bills. As long as you have “bills”, you’ll continue to have
bills. What these are in reality (and that’s what you want; reality), these are
“B.O.B.S.”, Buying Obligations Before Saving.
There is no way anyone
can save. As it has been said, “You can’t take it with you”, when you die, it
is also true that you cannot save it. Let me explain.
When you put your money
in a savings account the interest received is very little. This may be good
discipline, but trusting in and doing what I’m telling you to do here with
living on 50% of your incoming will do that.
Money needs to
circulate. (Money has needs; you do not). When I spoke earlier about “saving” I
was not talking about “hoarding”; there is a difference. That is why when you
are putting money in your Saving and Investing account, it is for specific
distribution and will be distributed when the time comes.
Many people call this “Debt
Reduction”; that’s fine. Let them “talk debt” and continue staying in the debt
business. As Bob Proctor told me, “Keep talking debt and you’ll always have
debt”. With only 5%, over time you’ll take care of your past B.O.B.S. and by
following this “Living on 50% of your incoming” system, this account will soon
be one of the accounts you’ll be using less and less. Trust that you will clean
up all of these obligations and overtime and that since you are not creating
new “Past B.O.B.S.”, you will soon be out of the “mess” we started talked about
earlier.
LIFE’S REVOLVING
OUTGOING 50%
Finally we come to what
are your day to day “outgoing” obligations. You may need to “downsize”
temporarily to live on 50% but I enthusiastically encourage you to take steps
now to get started to do so. You may need to alter the percentages in each
category and apply more monies to others but you should set a time, perhaps 6
months out, when you’ll be using the percentages I am suggesting. The one area
I would try to keep as is is the “To God” category because with more, He will
do more. Even if you are not particularly “religious”, this is a law of sowing
and reaping.
Imagine. In just 6
months, with following this “Living on 50% of Incoming” you’ll soon see your
past B.O.B.S. go away and you’ll have so much incoming and outgoing that you’ll
be as healthy (wealthy and wise) well flowing stream of clean pure water.
Please don’t forget to
leave your comments below. If you have questions about any of this, I welcome
those as well.
No comments:
Post a Comment