Wednesday, 22 October 2008

THE ART of earning money

This is a very topical global subject marred with controversy and complexity. Earning money is what is at the core of any profitable business establishment whether big or small. Since earning money is the very reason that millions of people jump out of the comfort of their beds at dusk and only to return home at dawn, I am heavily compelled to talk about this very captivating subject that had kept sages awake trying to understand how money has turned the wheels of commerce and revolutionize humanity. There is a very real possibility that everything you and I have been taught about how to earn money is so far from the truth that it's almost comical. The first thing that I want you to know concerning what you heard about money is that you don’t make money, you earn it: earning money is virtuous whilst making money is a criminal activity.

Earning money has nothing to do with age, formal education, gender or geography. It has nothing to do with past experience or your formal years of education or your level of intellect. The world is full of examples of individuals who are functionally illiterate who become multi-millionaires, while there are others who are absolutely brilliant and very broke. Virtually anyone can be taught how to earn millions of dollars and yet the sad truth is that most people are born, live their entire lives, and die without ever learning how to earn money. To perpetuate this ridiculous problem, their ignorance is passed along from one generation to the next. There has always been a small, select group of our population, who clearly understand that prosperity consciousness is the primary cause of wealth and their prosperity consciousness, like ignorance, is also passed down from one generation to the next.

Our school system has been designed as an environment to enlighten young minds, to replace ignorance with understanding and thereby improve the quality of life. Our educational system has obviously been successful in many areas. However, it has woefully neglected one important subject, "How to Earn Money." You can earn a doctorate degree in economics and have little or no knowledge of how to earn money. A lack of understanding in this area is the cause of numerous unwanted and unnecessary problems, since money is the medium of exchange that is used worldwide to access products and services.

Let's us now look at what money really is. Money is a reward you receive for the service you render. The more valuable the service, the greater the reward. Thinking of ways you can be of greater service will not only help you earn more money, it will also enable you to grow intellectually and spiritually. Money is also an idea. The paper you fold and place in your purse or pocket is not money. It is paper with ink on it representing money. The earning of money has nothing to do with the paper notes you see, but has everything to do with consciousness. This explains why so many people who embark on a quest to collect the notes have failed since such a mindset makes money as elusive as a mirage.

To accumulate wealth, a person must become very comfortable with the idea of money. That may sound strange, however most people are not comfortable with the idea of money, which is why they do not have any. The cause of poverty is poverty consciousness. A poverty consciousness will cause a person to see, hear, smell, think and feel lack and limitation. The late Mike Todd said, "Being broke is a temporary situation. Being poor is a mental state." I believe he was very correct since there are wealthy people who lose every cent they have through a series of mistakes in judgment, but they will have it all back in a short time because of their prosperity consciousness.

There are three income earning strategies. Firstly there is trading time for money, by far the worst of the three income earning strategies. An inherent problem with this strategy is saturation. You run out of time. If a person accumulates any degree of wealth employing this strategy, it will be at the expense of a life. You compromise on the car you drive, the house you live in, the clothes you choose and the vacations you take. You rarely, if ever, get what you want.

Secondly is investing money to earn money. This strategy is used by approximately 3% of the population. The number is small for the obvious reason that very few people have any money to invest. Many people who effectively employ this strategy follow the advice of a trusted, knowledgeable advisor. Last but not least is leveraging yourself to earn money. This is where you multiply your time through the efforts of others by setting up multiple sources of income. This is, without question, the very best way to increase your income. You must make a decision to have many sources of income; it's the strategy that wealthy people have used dating clear back to the ancient Babylonians. Unfortunately, this strategy is only used by approximately 1% of our population, yet that 1% earns approximately 96% of all the money that is earned and you are only a decision away from membership. Money is the ultimate servant. The more you earn, the more you can help others.

2 comments:

zfrancis said...

Thanks for sharing the wonderful words of wisdom God bless you!

Max Soutter said...

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