As a free agent, my strongest desire is for my personal freedom. I seek to interact with the world on my own terms and spend my time with the people I want when I want to do what I want, when I want to do it.
People may be looking for free agency because they want more creative leeway than they experienced in Corporate America, maybe they just want to be their own boss or have the flexibility to be more with their families. Whatever the reason for free agency, all free agents must understand the rules of money if they are to succeed in the world as a free agent.
Money is an expression of vitality and energy, and as such follows the very specific laws ... rules and regulations.
Everyone has their own money rules, but these rules may not be the actual money rules.
As an example, someone may have a "rule" about saving. Money follows thoughts, feelings and actions in that order. Therefore, a person who has persistent thoughts and feelings about poverty never learns to live a rich life, no matter how many actions they take to save money. In fact, a person whose thoughts are dominated by feelings of poverty and deprivation may find that no matter how well-meaning their actions toward money, "something" always happens to prevent them from raising money.
During my journey as a Free Agent, I have discovered 3 infallible rules for money:
1) You must have a purpose with your money. If you do not have a purpose for money, money leaves your hands and ends up in the hands of someone who does. Yikes !!! The consequences of this law are astounding. Living and paying your bills is not good enough. The people who focus on paying their bills as their highest purpose with money rarely have enough to pay their bills. Your purpose for money must be authentic to you. If you decide that your purpose for money is to give a large sum to a charity, but you do not give regular energy in terms of thought, feeling and action to tithing or charity giving, this purpose is not authentic to you and that is it same as having no purpose of money. The authentic purpose can be as simple as taking your family on vacation or paying for your home. So the law is that you must have a purpose with money that is authentic to you.
2) You must first pay yourself. By not paying yourself first, you are saying on a thought, feeling, and emotional level that you have no value in your money equation. When I first started paying myself, I went from thinking I could not save a dime to saving $ 50 dollars every other week. That was some time ago. Let’s just say things are completely different. You need to start somewhere, just to build the belief that you can do it. Then save according to your purpose for money. The more you save, you may find that your purpose for money changes a little. It can get bigger, wider, it's amazing! So rule number 2 is to pay yourself first.
3) You need to use consciously. What does it mean in flames? Well that means that when money leaves your hand, you know why they are leaving your hand and you understand its connection to your purpose of money. How it may look in practice is that if your purpose with money is to take your kids to Disney World when your oldest is 13, you can make different spending choices every time money leaves your hand. In fact, with this purpose in mind, you can seek suggestions for higher value for every item you buy, and in situations where you may have spent money in the past, you can choose to keep that money in favor of situations that support your purpose with money. . Most people spend money on an unconscious level without a purpose or a plan. A recent article on CNN Money showed that the average American loses track of $ 50-60 dollars a week. In a nation where the average American has a negative savings rate, that fact is astounding. Taking into account the number of working adults in America, that is literally a loss of over $ 2 billion dollars a year. A quick jump over to Hughs Calculators shows that deliberately placing the "lost" money in a 5% savings account amounts to $ 300,000 dollars over a lifetime. At the individual level, this loss can easily mean the difference between a comfortable retirement or a reliance solely on social security. So rule number 3 is to spend consciously in total awareness of your purpose with money.
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