Essential Money Skills

"All I ask is the chance to prove that money can't make me happy." Spike Milligan


Prosperity is a Latin word meaning "to be in the flow". Everyone of us is in the flow when we are thinking right, talking right, acting right, and living right. When we are thinking positively and correctly, we are into mobilization and we start taking the right action to get the right results.

What is wealth? Someone succinctly defines wealth as being measured in time, not in dollars. How many days forward can you survive based on your assets?

The key to wealth is to realize that in life you get to choose from one of two doors. You're either going to choose the door marked "freedom" or you're going to choose the door marked "security". If you choose the latter, you lose both. But if you choose the door marked "freedom", it doesn't mean that you won't lose, it doesn't mean that you won't feel insecure. But eventually you end up having not only freedom but the security too. Taking risks allows us to grow and move forward. Every time we take risk, we may get an outcome that we are not familiar with. We have to risk being uncomfortable. The thing that is keeping most people stuck, and why they don't succeed more, is that they are not willing to be uncomfortable. It's uncomfortable to try a new behavior because we are not sure what is the outcome. But if we keep on doing what we have always done, we are going to keep on getting what we have always gotten. If we are unhappy with what we are getting, we have got to change our behavior. Move out of the comfort zone. Have faith in yourself. Remember this quotation: Fear knocked on the door. Faith opened the door and there was no one there.

Pick an area that you really love. The key is to have a passion for something. Focus intensely on it and do work during the time when you are not working at your regular job. Set yourself up so that 5 to 10 years from today you're free.

Always strive to develop multiple streams of income and these must be residual income. Have your money growing into wealth creation rates of return.

There are seven essential money skills:

(1) Value every dollar bill because every dollar bill is a money seed. If you plant a money seed in fertile soil ( sound investments) you will be able to harvest money (interest, dividends, profits and the like) from that money tree for the rest of your life without ever harming the tree (your principal). If you can remember this every time you hand over one or more of your money tree seeds to someone else, perhaps you will be inclined to give fewer of them away.

(2) Learn to control money.

(3) Save the money. Try to adopt the 3 piggy banks concept every day: (i)Tithes & Charity (ii) Savings (iii) Investment.

(4) Learn how to invest your money. Not investing is risky. Risk is allowing your financial destiny to be under someone else's control.

(5) Learn how to make money. This is different from investing which is passive. You can make money in real estate or owning a business.

(6) Learn to shield your money from the dangers of this world.

(7) Share your money especially with the needy and the under-privileged. God loves a cheerful giver. The minute you tithe, you open up the universe to you; because it changes your attitude; because every cause has an effect. And it's got a third part to it: A total result that you cannot even start to know. The beautiful thing about the total result is that it compounds. Out of abundance he took abundance and still abundance remains.

Universe rewards action, not thinking. A good plan without action does not work. And always ask for help, assistance, support to make your dreams come true. Ask and you shall receive. The biggest thing that stops most people from being successful is that they think they are not good enough of something. Embrace the "I am enough" concept. The way you become enough is by taking action and learning from your experience. Set goals high enough that in the process of achieving these goals, you become someone worth being. IT IS WHAT YOU BECOME NOT WHAT YOU POSSESS THAT IS IMPORTANT!

I close this post with yet another funny quote about money:

"We didn't actually overspend our budget. The allocation simply fell short of our expenditure'" Keith Davis