Money as Debt

There is a very interesting video produced a couple of years ago called Money is Debt.

It explains the origins of banks and money and explains how our current financial system was created and self perpetuates.

It is around 45 minutes long and so needs a little time and concentration. It’s worth the effort however if you are interested in how and why money and debt are related.

Tithing – your way to abundance?

I have recently been hearing and reading a lot about the benefits of tithing and to be honest it brings up some mixed feelings.

I’ve put togther this post below from a number of sources on the web.

I would love to hear your opinions or experiences with tithing.

The subject of tithing can be charged with emotion and yet can be a good barometer to measure how you really feel about money.

Tithing is the practice of giving away 10% of your income (tithe means “tenth”), usually to a religious or charitable cause.  Many people absolutely swear by the practice of tithing and consider it integral to the process of wealth creation.

As a wealth creation strategy, it takes a certain level of faith to believe that you will gain more by giving more away and yet this is exactly what many spiritually aware teachers such as Mark Victor Hansen or Dr Joe Vitale are suggesting. To our logical minds this perhaps doesn’t make sense. If you earn $1000 and give away $100 then you have less, not more. But not understanding electricity or gravity doesn’t make them any less valid.

The benefits of tithing include:

  • Overcoming scarcity thinking.  Tithing helps you develop a greater sense of abundance.  By giving away 10% of your income, you’re programming your subconscious to believe in abundance thinking.  This can make you more open and receptive to receiving money.  If you think abundance, you’re more likely to experience abundance.
  • Supporting a worthy cause.  If the money you tithe is put to good use, you can financially support a cause that’s important to you.
  • Achieve greater wealth.  Whenever you earn more money, your tithes increase as well, so your cause(s) receive greater financial support.  This can be extremely motivating for some people.

It is important that tithing should be done from a state of abundance.  If you harbour thoughts of scarcity as you tithe, then tithing will only become a source of incongruence and pain for you. This is the barometer mentioned earlier. If you feel in lack and are concerned with making ends meet then the idea of giving away 10% of your income can be difficult.

If you were certain however that giving money away was the quickest route to receiving more, then how much easier would it be to give? And would you stop at just 10%?

Consider the true purpose of tithing.  The purpose of tithing is to serve the highest good of all.  But it is only one of many ways to serve the highest good, certainly not the only way.  There are many other ways to serve the greater good.  Here are some ideas:

  • Give time.  Donate time to a cause you find is worthy.  Perform an act of service.
  • Give information.  Write articles, a newsletter or start a blog to share your knowledge freely with others who may benefit from it.
  • Give talents.  Use your skills to help someone who can’t afford to pay for them.
  • Give acknowledgement.  Smile at people.  Give someone a kind word today.  Acknowledge a job well done.
  • Give encouragement.  Be supportive of those around you.  Let others know that you care about them.
  • Give thoughts.  Intend the best for other people.  Give a silent blessing to the homeless person or the driver who cuts you off on traffic.
  • Give touch.  Give someone a pat on the back, a handshake, or a hug. 

 Money is not the only way to give; there are times when money is actually the weakest form of giving in comparison to those above.  Consider the parent who gives a child money rather than attention, time or love.

Understanding is not as beneficial as knowing. You will only know that tithing creates greater abundance by trying it for yourself. Take the 30 day tithing challenge and share the results with others.

There is a place where giving is painless and receiving is selfless.  Find that place in your own life, and move towards it.  As you do this, your scarcity thinking will dissolve, and a mindset of abundance will flow through your reality. Steve Pavlina

21 ideas for financial literacy

Dreams Can Come True Book Review

By Derrick Hayes

Dreams Can Come True is a short story with larger than life benefits. Dreams Can Come True it not only easy to read it is easy to apply to your life and business. This book should be a must read in all schools, elementary, middle, high, college, and graduate school.

 There is something in Dreams Can Come true for everyone from the person who likes to collect items to the one who knows they will soon run a Fortune 500 enterprise.

 If you have a child or an adult in your life that does not know what they want to do in life Dreams Can Come True can help them see that what they are doing right now is either for a reason or for a season.

Dreams Can Come True is literature that has crossover appeal. No matter where you are in the world and no matter what language you speak this book was designed to interact with your soul by delivering the message that “Dreams Can Come True.”

 21 Financial Literacy Principles You Can Find In Dreams Can Come True

 1. Have a dream
2. Be Passionate
3. Find a mentor
4. Develop your hobbies
5. Family can hold you back
6. Train others
7. Work hard and you will be rewarded
8. Use proper advice
9. Help your family
10. Save money
11. Build relationships
12. Ask why they say no
13. Be persistent
14. You will not always fit in
15. Believe your thing is possible
16. Prove you are worthy
17. Develop a plan
18. Do further research
19. Find new markets
20. Complete your task
21. Determine your outcome

Essential advice for young entrepreneurs

The majority of people want a comfortable success, the lazy mans way, according to master marker Ted Nicholas.

The average entrepreneur will not be a millionaire, more likely they will only just make enough to get by. The really successful ones are those that are willing to go the extra mile, to face rejection and keep going. You have to decide if you are willing to be an outstanding person. In most cases your products will fail, your adverts will flop and your business may fold, that’s ok if you are willing to put yourself on the line. Find something you are passionate for, build a business around it and keep swinging – you will be successful.

Here are Ted Nicholas’ 5 essential tips for young entrepreneurs

1.  Be willing to Pay the Price: People are looking for the Lazy Man’s way to riches, but that is a myth. Work hard and study to become a master. This can involve 500 – 1000 hours or even more. This is why you must do what you love to do and then build a business around it.

2.  Learn to market and sell: Accept that sales and marketing are positive, essential and valuable skills, and then learn how to do it.  Direct sales are a terrific learning ground. Gain experience from part time work mowing lawns or babysitting. Better than competing with 9 others for a minimum wage job.

3.  Fail forwards: Realise that when you fail, nothing really bad happens as long as you learn from it. In a survey of young millionaires, the average number of attempts was 17 before they experienced their current level of success.

4.  Reject rejection: Be willing to hear the word NO – One of my mentorship students was turned down by over 200 different banks at home and abroad, but now is a millionaire. How many give up after the first rejection or the third or fourth?

5.  Never stop learning: The importance of continuing education – I’ve spent $50,000 to $100,000 a year on books, audios and seminars. I’d rather have a good home study program than a new car. Let others make their 3 or 4 hundred dollar payments on the new BMW, invest your money in yourself.

Read the full interview with Ted Nicholas in the August edition of Money Smart Magazine