Ancient Babylonian laws indicate clearly that the ancient temples occupied the most important positions. It received income from its estates, from tithes and other fixed dues, as well as from the sacrifices (a customary share) and other offerings of the faithful—besides money and permanent gifts.
The temples became great granaries and storehouses and were also the city archives. The temple had its responsibilities. The poor farmers came to the temple to borrow seed, grain, or supplies for harvesters etc. The king's power over the temple was not proprietary, but administrative. The king borrowed from it but repaid like other borrowers. The similar phenomena we see in the present context where governments of the world have no proprietary over financial institutes other than administrative. The governments have been restricted and kept outside the temple of money. They can avail the services of temple by borrowing money on the promise to pay back the debt with interests.
The present federal monetary system of the world acts like the modern temple of money. It is independent of state's interference but acts as the banker for the government and people. It is the modern god of people and money. It supplies all the money and creates money out of thin air like magic.
The point I want to make here is this: we have adopted the same old system of Babylonian laws to solve our present socioeconomic condition. I suppose that it is not the best invention and discovery of mankind so far. It is merely an imitation and you know there is nothing new for the new world and new context. We have been sweeping the dirt with old brooms and old brooms can't sweep properly all the dirt away. We have borrowed this idea and it is not serving its people properly.
Humans have reached great breakthroughs in technology, innovation, machinery and softwares, can't we reach another breakthrough in 'financial technology' which can guarantee the society to lead a worthy life of praise, honour and respect? Most certainly yes, we can innovate a system that caters to everybody's needs and surly it will be a successful existence on the earth.
Why not reform our present federal monetary system which has derailed the world economy and through quantitative easing aka printing more and more money that has only depleted the money value so much that there is hyper-inflationary like uncomfortable situation? If smart people are able to invent internet, google, youtube, facebook, spacecraft, rocket, nuclear energy etc then surely we will be able to figure out ways to solve economic crisis with new technology that suits the humanity best. Let's look forward to the new dawn of discovery, innovation, invention and change and transformation.
Alwed Ekka
Showing posts with label Financial. Show all posts
Showing posts with label Financial. Show all posts
Tuesday, March 29, 2011
Wednesday, January 26, 2011
There Is Gold Dust In The Air For Everyone!
The onset of recent economic recession, which started in mid 2007 stretching up until 2011 and most likely it will extend to 2012 or 2013 has caused so much damage to human harmony, existence and prosperity today. Amidst such condition, people tend to forget that there is still gold dust in the air for everyone and instead they experience depression, ill health, loneliness, financial lack and a sense of complete failure.
I would like to suggest here that people should not become victims of this economic recession rather they must exercise their internal power to choose the optimism and look for gold dust in the air. What people look for they find it and what they don't look for, they don't. It is pretty obvious that people must seek things which they desire from their hearts.
I understand that people are at lowest ebb emotionally, physically, socially and financially but they should not remain so because they have the power of thought as an instrument for success and better life. During this hard time, people must learn the right use of their mind to become healthy, happy, prosperous and peaceful.
If you are having a hard time financially, you got to change your perception and attitude. Assume the attitude of seeing gold dust in the air and it will turn out to be as you wish and hope.
In India, recently onion price skyrocketed causing tears among people due to short supply and fuel price hike has hit people hard because inflation is high. I believe people should be optimistic though there seems to be no gold dust in sight. Gold dust is there in the air and be strong to look for.
There is gold dust in the air for you...
Alwed Ekka
I would like to suggest here that people should not become victims of this economic recession rather they must exercise their internal power to choose the optimism and look for gold dust in the air. What people look for they find it and what they don't look for, they don't. It is pretty obvious that people must seek things which they desire from their hearts.
I understand that people are at lowest ebb emotionally, physically, socially and financially but they should not remain so because they have the power of thought as an instrument for success and better life. During this hard time, people must learn the right use of their mind to become healthy, happy, prosperous and peaceful.
If you are having a hard time financially, you got to change your perception and attitude. Assume the attitude of seeing gold dust in the air and it will turn out to be as you wish and hope.
In India, recently onion price skyrocketed causing tears among people due to short supply and fuel price hike has hit people hard because inflation is high. I believe people should be optimistic though there seems to be no gold dust in sight. Gold dust is there in the air and be strong to look for.
There is gold dust in the air for you...
Alwed Ekka
Friday, October 15, 2010
Do you want to flourish, thrive and experience favourable results?
Who doesn't want to prosper, flourish, succeed, thrive and experience favourable results in life? We all want to prosper and experience favourable results because we don't want to miss out anything in life. You must remember one thing you have the power to make your dreams come true!
Abundant results will flow to you, if you apply certain principles on a regular basis. Nobody ever desires to be lacking some valuable and necessary things. Almost everybody desires for abundance and it is not a bad idea. Here below are some of the principles, which may assist you in flourishing and experiencing good results.
Develop order and discipline.
There is a natural law and everything is in order. The nature has its own order. The same way, if you want to thrive and accumulate abundance, you must have a desire for order. If there is a limitation, then you have a problem with order. There is no order and discipline in your thinking, believing, speaking, affirming, emotions, body, relationship, financial affairs and in all phases of life. To bring abundance you need to be in order and discipline first in these critical areas and if you neglect there is bound to be a lack or limitation. Your thinking, feeling, acting and believing must align with your desires and goals.
Bring inner peace, self-confidence and happiness.
Once you have developed the order and discipline, you will automatically experience inner peace, self-confidence and happiness. There will be a new look of power and victory over defeat. It is your inner tranquillity and confidence that can ensure you the prosperity that you desire to obtain. After setting right things, your thinking and feeling and understanding, you will soon feel the happiness with you.
Learn Prosperous Thinking.
Many people think lack and poverty most of the time. They say to themselves, "I can't afford it. It is too expensive. or I don't have money." This kind of thinking can never bear abundant results that you seek to achieve in your life. The abundance will follow you when you learn how to have a prosperous thinking. Prosperous thinking enables people to be relaxed in mind and body. If you are not relaxed and calm, you can't engage in prosperous thinking. You must relax more and more in mind and body. There should not be any tension both in conscious and subconscious mind. When you start prosperous thinking a new attitude of appreciation, abundance, success, love and happiness will be born without your realization. Why you should engage in prosperous thinking is very simple, the universe expects you to flourish, thrive and enjoy all the good blessings that come because of your prosperous thinking.
People can easily thrive and achieve fruitful results and thereby live a happy life. But many don't have clear ideas how to accomplish them. As you know by now, you must maintain order and discipline, second you have to experience inner peace, self-confidence and engage in prosperous thinking. If you apply these three simple yet powerful principles you can prosper, flourish, succeed, thrive and experience favourable results in life.
Alwed Ekka
Guide Coach Mentor
Abundant results will flow to you, if you apply certain principles on a regular basis. Nobody ever desires to be lacking some valuable and necessary things. Almost everybody desires for abundance and it is not a bad idea. Here below are some of the principles, which may assist you in flourishing and experiencing good results.
Develop order and discipline.
There is a natural law and everything is in order. The nature has its own order. The same way, if you want to thrive and accumulate abundance, you must have a desire for order. If there is a limitation, then you have a problem with order. There is no order and discipline in your thinking, believing, speaking, affirming, emotions, body, relationship, financial affairs and in all phases of life. To bring abundance you need to be in order and discipline first in these critical areas and if you neglect there is bound to be a lack or limitation. Your thinking, feeling, acting and believing must align with your desires and goals.
Bring inner peace, self-confidence and happiness.
Once you have developed the order and discipline, you will automatically experience inner peace, self-confidence and happiness. There will be a new look of power and victory over defeat. It is your inner tranquillity and confidence that can ensure you the prosperity that you desire to obtain. After setting right things, your thinking and feeling and understanding, you will soon feel the happiness with you.
Learn Prosperous Thinking.
Many people think lack and poverty most of the time. They say to themselves, "I can't afford it. It is too expensive. or I don't have money." This kind of thinking can never bear abundant results that you seek to achieve in your life. The abundance will follow you when you learn how to have a prosperous thinking. Prosperous thinking enables people to be relaxed in mind and body. If you are not relaxed and calm, you can't engage in prosperous thinking. You must relax more and more in mind and body. There should not be any tension both in conscious and subconscious mind. When you start prosperous thinking a new attitude of appreciation, abundance, success, love and happiness will be born without your realization. Why you should engage in prosperous thinking is very simple, the universe expects you to flourish, thrive and enjoy all the good blessings that come because of your prosperous thinking.
People can easily thrive and achieve fruitful results and thereby live a happy life. But many don't have clear ideas how to accomplish them. As you know by now, you must maintain order and discipline, second you have to experience inner peace, self-confidence and engage in prosperous thinking. If you apply these three simple yet powerful principles you can prosper, flourish, succeed, thrive and experience favourable results in life.
Alwed Ekka
Guide Coach Mentor
Friday, October 8, 2010
Your World Will Change When You Change!
"You must be the change you wish to see in the world." Mohandas Gandhi
Your world, your life, your future, your financial well being, your health will improve when you truly decide to change and if you don't desire to change the things will remain static and unmoved for ever. The moment of decision to change shapes your future and lifestyle forever. The human world at large is changing rapidly but is your individual world , life, finance, health and happiness changing for better?
If you are through change, you can have a new life yourself and if you are not through change, then there is nothing much you can expect to see. If you are looking for health, wealth, happiness and wisdom, you must often change constantly so that you can change your world and bring abundance for yourself.
For instance, if your over spending habit is changed, your chance of having a financial abundance will increase and a new sense of prosperity will grow where you can get all that you want. People don't make a plan or don't set goals for their future, and if they change that old habit their life and world could be transformed too.
If you have a goal, a dream and a vision, you must change your attitude, goals, character and lifestyle otherwise there will not be any good opportunities coming your way. However those who don't change are afraid to change. It is a sad phenomena.
But you should be wise enough to change for growth, success, prosperity, health and happiness. Because all change is not growth and all movement is not forward. You can be still at one place and move but you won't be going anywhere just like walking on a trade mill though you may change the speed but you don't reach any place physically. So change for the accomplishment of your dreams and goals. Change for wealth, health and friendship that you want to enjoy in your world.
There are very few percentage of people all over the world who have changed themselves and they have succeeded in changing their world, their lives, their health, their lifestyle and their existence. Look around you who have changed themselves and as a result their world has become a thing of admiration and success. People want to be like them and wish to achieve what they have accomplished for example the entrepreneurs, millionaires and billionaires.
If you want to be healthy and fit, you must change your laziness and eating habits or you can join the fitness center to work out your abs etc. You must change your habit of procrastination, you must change your negative attitude, you must change your beliefs and refine your philosophy which is keeping you away from reaping good rewards.
People do have some resistance to change themselves but you must overcome that resistance. You must never let it control you and hold you back. You should be the man/woman who you want to be so that your world and future can be unique and lovely.
Keep in mind that if you change for better, your world will be thousand times better; if you change for success and wealth, your world will be successful, wealthy and abundant; if you change for good health, you will enjoy health through out your life and if you change for loving relationship, you will have a pleasant and romantic relationship. It all comes down to your ability to change and transform your world and then the whole world.
"Things do not change; we change." Henry David Thoreau
Alwed Ekka
Guide Coach Mentor
Your world, your life, your future, your financial well being, your health will improve when you truly decide to change and if you don't desire to change the things will remain static and unmoved for ever. The moment of decision to change shapes your future and lifestyle forever. The human world at large is changing rapidly but is your individual world , life, finance, health and happiness changing for better?
If you are through change, you can have a new life yourself and if you are not through change, then there is nothing much you can expect to see. If you are looking for health, wealth, happiness and wisdom, you must often change constantly so that you can change your world and bring abundance for yourself.
For instance, if your over spending habit is changed, your chance of having a financial abundance will increase and a new sense of prosperity will grow where you can get all that you want. People don't make a plan or don't set goals for their future, and if they change that old habit their life and world could be transformed too.
If you have a goal, a dream and a vision, you must change your attitude, goals, character and lifestyle otherwise there will not be any good opportunities coming your way. However those who don't change are afraid to change. It is a sad phenomena.
But you should be wise enough to change for growth, success, prosperity, health and happiness. Because all change is not growth and all movement is not forward. You can be still at one place and move but you won't be going anywhere just like walking on a trade mill though you may change the speed but you don't reach any place physically. So change for the accomplishment of your dreams and goals. Change for wealth, health and friendship that you want to enjoy in your world.
There are very few percentage of people all over the world who have changed themselves and they have succeeded in changing their world, their lives, their health, their lifestyle and their existence. Look around you who have changed themselves and as a result their world has become a thing of admiration and success. People want to be like them and wish to achieve what they have accomplished for example the entrepreneurs, millionaires and billionaires.
If you want to be healthy and fit, you must change your laziness and eating habits or you can join the fitness center to work out your abs etc. You must change your habit of procrastination, you must change your negative attitude, you must change your beliefs and refine your philosophy which is keeping you away from reaping good rewards.
People do have some resistance to change themselves but you must overcome that resistance. You must never let it control you and hold you back. You should be the man/woman who you want to be so that your world and future can be unique and lovely.
Keep in mind that if you change for better, your world will be thousand times better; if you change for success and wealth, your world will be successful, wealthy and abundant; if you change for good health, you will enjoy health through out your life and if you change for loving relationship, you will have a pleasant and romantic relationship. It all comes down to your ability to change and transform your world and then the whole world.
"Things do not change; we change." Henry David Thoreau
Alwed Ekka
Guide Coach Mentor
Thursday, September 23, 2010
The Cures for the Empty Bank Balance! (Part two)
Yesterday, I recommended the cures for the lean purse by earning an income and then paying yourself first one tenth of your total income and thereby paying others the nine-tenths while budgeting your money for necessary expenses and desires. You have learned now how to pay yourself first and how to use other nine-tenths. Paying yourself first is a beautiful discipline that you can cultivate and over the period enough wealth will be accumulated. What to do with that accumulated money? That is the next cure for lean purse.
6. Make your money work and multiply for you.
Just like you seek jobs or trades for yourself in order to earn some money, you have to find some employment for your one tenth of accumulated money to labour for you. You have to find some profitable investments but be warned of the possibility of loss. Do your own study, research and calculation and don't ever blindly handover your precious capital to the mutual fund companies or stock traders when you don't have a direct control over your investments.
You must look for some good investment vehicles, which suit your level of skills, knowledge and interest. Some people invest the capital in their own businesses that they start and multiply the seed money through profits and returns. Some invest only in assets that put money in their pockets every day or every month constantly. Make sure to multiply your capital by investing in assets from your perspective and not from the bankers point of view. What is an asset for one can be a liability for the other.
Your real wealth will be not the money in the bank balance but it is the income system that you build and flows to you continually as golden stream is your real wealth. When there is a constant money flow in than money flow out, there happens a miracle of multiplication of wealth. As you grow in experiences and your wealth multiplies, you can invest in multiple streams of income to attract the constant cash flow.
7. Protect your money and treasures from loss.
From the experiences of others and yours, you can easily make a strategic plans to protect your wealth because they are the fruits of your own labour and skills. It is your duty to protect it from loss of any kind. Before you loan your money to somebody, check their ability to repay you. Or before entrusting your money in any field of investments acquaint yourself with the dangers involved. Calculate the ratio of risks and rewards.
The new super markets in the city, the casinos, the large malls, the movie theatres, the hospitals, the education institutes, the governmental taxes, the fast food restaurants and food chains, the airlines, the cars, buses and tourism industries and many more industries are there to grab a share of your earnings and at times it can be tempting to given in and lose all your money. Because when your desires will overpower you, you can't do much other than swiping your credit cards randomly.
Don't be over confident of your own wisdom and experiences in entrusting your money to others. At the same time don't just consult anybody in the market place what do they think about the investment opportunities because advice is cheap and available everywhere. Consult the right people who are engaged in such trades themselves.
It is important to prevent your purse from being emptied once it has become full. Invest in places where you can get back your capital. Consult with wise men. People will flock to you with their investment vehicles but don't get lured because many people are working hard to earn their fat commission from your investments.
Alwed Ekka
Guide Coach Mentor
6. Make your money work and multiply for you.
Just like you seek jobs or trades for yourself in order to earn some money, you have to find some employment for your one tenth of accumulated money to labour for you. You have to find some profitable investments but be warned of the possibility of loss. Do your own study, research and calculation and don't ever blindly handover your precious capital to the mutual fund companies or stock traders when you don't have a direct control over your investments.
You must look for some good investment vehicles, which suit your level of skills, knowledge and interest. Some people invest the capital in their own businesses that they start and multiply the seed money through profits and returns. Some invest only in assets that put money in their pockets every day or every month constantly. Make sure to multiply your capital by investing in assets from your perspective and not from the bankers point of view. What is an asset for one can be a liability for the other.
Your real wealth will be not the money in the bank balance but it is the income system that you build and flows to you continually as golden stream is your real wealth. When there is a constant money flow in than money flow out, there happens a miracle of multiplication of wealth. As you grow in experiences and your wealth multiplies, you can invest in multiple streams of income to attract the constant cash flow.
7. Protect your money and treasures from loss.
From the experiences of others and yours, you can easily make a strategic plans to protect your wealth because they are the fruits of your own labour and skills. It is your duty to protect it from loss of any kind. Before you loan your money to somebody, check their ability to repay you. Or before entrusting your money in any field of investments acquaint yourself with the dangers involved. Calculate the ratio of risks and rewards.
The new super markets in the city, the casinos, the large malls, the movie theatres, the hospitals, the education institutes, the governmental taxes, the fast food restaurants and food chains, the airlines, the cars, buses and tourism industries and many more industries are there to grab a share of your earnings and at times it can be tempting to given in and lose all your money. Because when your desires will overpower you, you can't do much other than swiping your credit cards randomly.
Don't be over confident of your own wisdom and experiences in entrusting your money to others. At the same time don't just consult anybody in the market place what do they think about the investment opportunities because advice is cheap and available everywhere. Consult the right people who are engaged in such trades themselves.
It is important to prevent your purse from being emptied once it has become full. Invest in places where you can get back your capital. Consult with wise men. People will flock to you with their investment vehicles but don't get lured because many people are working hard to earn their fat commission from your investments.
Alwed Ekka
Guide Coach Mentor
Wednesday, September 22, 2010
The Cures for the Empty Bank Balance! (Part one)
"Ahead of you stretches your future, like a road leading into the distance. Along that road are ambitions you wish to accomplish...desires you wish to gratify." George S. Clason
The moment children are born into this world, they carry with them the seeds of ambitions and desires to cultivate the land, reap the crops and enjoy its fruits. In the modern time, children are born into a new world where money has become the medium by which earthly success, happiness and the quality of life are measured.
These children are fortunate as well as unfortunate to get the education about the laws of money. In the past, a craftsman passed on his skills of making fortunes on any particular trades to his children and upon learning such invaluable trade skills the children continued the trades that their father did.
Today, many parents don't teach their children the necessary skills to make a fortune. They send their kids to schools and expect others to teach their children some trade skills so that they could earn an income to take care of the family. This is not enough. The children are not taught how the money is earned, kept and multiplied as a result many people today have negative bank balance. Their bank accounts are empty. Their purses are lean.
Here below I discuss some cures for the lean bank balance or empty pocket. When people fall sick, they rush to the doctors for cures but when they are broke they can't rush to banks because banks are not the problem solving entities. When people have empty bank account, they have nowhere to go for cures but themselves. To bring their ambitions and desires to fulfillment, the children must be successful with money today.
1. Find out what you love and work with diligence everyday.
To bring your ambitions and desires to fulfillment you must seek what you love and work on it diligently everyday so that you can earn some income. Based on your skills, abilities, unique talents and interests, level of qualification and education, you can find jobs or businesses that you believe is the passion for you. You may have to work month after month but you must keep your work daily.
Everybody has some work or the other and everybody receives a share of payment according to their capacity and bargain. Even at a small job, you have the opportunity to build a fortune if you truly desire so. After you earn money from your respective trades, you must know what to do with your payments and that is the next cure for your lean purse.
2. Pay yourself first one tenth of your total income to achieve financial abundance and fortune.
If you desire to build a fortune or achieve a financial freedom, you must cultivate a discipline to pay yourself first a part of what you earn as yours to keep. After getting your payment or salaries or profits and dividends, you must immediately take one tenth of your earnings and deposit it in the fortune or financial freedom account to accumulate. No matter how bad the circumstances may be, you must follow this principle day by day, week by week, month by month and year by year and your bank balance will begin to fatten automatically and you can build your fortune. You can be creative enough to divide this one tenth of your income into savings, investment and charities.
Don't act too smart to keep all you earn as yours to hoard because the law never works that way. Of course you can increase your quarter if you make more money but be true to the law of paying yourself first in all circumstances throughout your lifetime.
Remember, a part of all you earn is yours to keep so pay yourself well. Ask yourself, if you love yourself, you must pay yourself first.
3. Pay others second the nine-tenths of your total income.
Many people are very good on this. They have learned from childhood to pay for others that they forget about paying themselves first. Of course, there is nothing bad about paying others but there is only one error and that is if you don't pay yourself first, you will be broke and caught in credit card debts.
People pay for others first and they have nothing left for themselves. They pay the supermarkets to buy groceries, they pay restaurant owners to eat food, they pay airline companies for travel, they pay schools and colleges for education, they pay governments in the form of taxes, they pay internet service providers and electricity, gas, water and many other services. The people also pay the clothe merchant for the purchase of clothes and the banks in the form of interests, mortgage etc. The nine-tenths of your income is used to look after other people in order to survive. It seems strange to me that people pay for everybody and they work harder and harder and sometimes they do two or three jobs just to pay others.
If you don't pay for others, they will come knocking your doors and at times they can even sue you for failing to pay them. It is a strange world because all through out your life you labour for others. You spend your time, energy and skills to give away all that supposed to be yours legally but other people snatch away your earnings legally too. So be careful, who you pay and who really deserves. Control your unnecessary desires and gratify only those you really think deserve.
Today there is a credit card system, which facilitates people to pay for only others first and not oneself. The credit card has created the recent recession and people are struggling to pay for others.
4. What do you desire the most assets or liabilities?
What do you desire the most? Is it a liability- the instant gratification of your desires of each day, may be a jewel, a finery, fast cars, more fast food, gadgets, clothes, things quickly gone and forgotten? Or is it an asset- the substantial belongings, gold, silver, lands, flats herds, merchandise, commodities or income-bringing businesses and investments? Remember the one tenth of money that you keep as yours will earn assets that will generate constant cash flow for you while the nine-tenths of money you pay for others will only give instant gratification and soon you will be hungry and thirsty wanting and searching for the next day.
5. Teach yourself to control the unnecessary expenses on your desires.
Your bank balance is empty because you give away all your earnings to others and don't keep anything for your fortune to accumulate. We all have necessary expenses, but the necessary expenses will always grow to equal your incomes unless you protest and protect yourself.
You should not be confused with necessary expenses and your desires. You, together with your good families, have more desires than your earnings can gratify. If all your earnings are spent to gratify these desires still there will be many unsatisfied desires.
All people are burdened with more desires than they can gratify. Therefore study thoughtfully your accustomed habits of living. Certain accepted expenses can be wisely reduced or eliminated. The best way to do is to write down all things that you desire to spend and select those that are necessary and possible to pay through the nine-tenths of your income.
Alwed Ekka
Guide Coach Mentor
The moment children are born into this world, they carry with them the seeds of ambitions and desires to cultivate the land, reap the crops and enjoy its fruits. In the modern time, children are born into a new world where money has become the medium by which earthly success, happiness and the quality of life are measured.
These children are fortunate as well as unfortunate to get the education about the laws of money. In the past, a craftsman passed on his skills of making fortunes on any particular trades to his children and upon learning such invaluable trade skills the children continued the trades that their father did.
Today, many parents don't teach their children the necessary skills to make a fortune. They send their kids to schools and expect others to teach their children some trade skills so that they could earn an income to take care of the family. This is not enough. The children are not taught how the money is earned, kept and multiplied as a result many people today have negative bank balance. Their bank accounts are empty. Their purses are lean.
Here below I discuss some cures for the lean bank balance or empty pocket. When people fall sick, they rush to the doctors for cures but when they are broke they can't rush to banks because banks are not the problem solving entities. When people have empty bank account, they have nowhere to go for cures but themselves. To bring their ambitions and desires to fulfillment, the children must be successful with money today.
1. Find out what you love and work with diligence everyday.
To bring your ambitions and desires to fulfillment you must seek what you love and work on it diligently everyday so that you can earn some income. Based on your skills, abilities, unique talents and interests, level of qualification and education, you can find jobs or businesses that you believe is the passion for you. You may have to work month after month but you must keep your work daily.
Everybody has some work or the other and everybody receives a share of payment according to their capacity and bargain. Even at a small job, you have the opportunity to build a fortune if you truly desire so. After you earn money from your respective trades, you must know what to do with your payments and that is the next cure for your lean purse.
2. Pay yourself first one tenth of your total income to achieve financial abundance and fortune.
If you desire to build a fortune or achieve a financial freedom, you must cultivate a discipline to pay yourself first a part of what you earn as yours to keep. After getting your payment or salaries or profits and dividends, you must immediately take one tenth of your earnings and deposit it in the fortune or financial freedom account to accumulate. No matter how bad the circumstances may be, you must follow this principle day by day, week by week, month by month and year by year and your bank balance will begin to fatten automatically and you can build your fortune. You can be creative enough to divide this one tenth of your income into savings, investment and charities.
Don't act too smart to keep all you earn as yours to hoard because the law never works that way. Of course you can increase your quarter if you make more money but be true to the law of paying yourself first in all circumstances throughout your lifetime.
Remember, a part of all you earn is yours to keep so pay yourself well. Ask yourself, if you love yourself, you must pay yourself first.
3. Pay others second the nine-tenths of your total income.
Many people are very good on this. They have learned from childhood to pay for others that they forget about paying themselves first. Of course, there is nothing bad about paying others but there is only one error and that is if you don't pay yourself first, you will be broke and caught in credit card debts.
People pay for others first and they have nothing left for themselves. They pay the supermarkets to buy groceries, they pay restaurant owners to eat food, they pay airline companies for travel, they pay schools and colleges for education, they pay governments in the form of taxes, they pay internet service providers and electricity, gas, water and many other services. The people also pay the clothe merchant for the purchase of clothes and the banks in the form of interests, mortgage etc. The nine-tenths of your income is used to look after other people in order to survive. It seems strange to me that people pay for everybody and they work harder and harder and sometimes they do two or three jobs just to pay others.
If you don't pay for others, they will come knocking your doors and at times they can even sue you for failing to pay them. It is a strange world because all through out your life you labour for others. You spend your time, energy and skills to give away all that supposed to be yours legally but other people snatch away your earnings legally too. So be careful, who you pay and who really deserves. Control your unnecessary desires and gratify only those you really think deserve.
Today there is a credit card system, which facilitates people to pay for only others first and not oneself. The credit card has created the recent recession and people are struggling to pay for others.
4. What do you desire the most assets or liabilities?
What do you desire the most? Is it a liability- the instant gratification of your desires of each day, may be a jewel, a finery, fast cars, more fast food, gadgets, clothes, things quickly gone and forgotten? Or is it an asset- the substantial belongings, gold, silver, lands, flats herds, merchandise, commodities or income-bringing businesses and investments? Remember the one tenth of money that you keep as yours will earn assets that will generate constant cash flow for you while the nine-tenths of money you pay for others will only give instant gratification and soon you will be hungry and thirsty wanting and searching for the next day.
5. Teach yourself to control the unnecessary expenses on your desires.
Your bank balance is empty because you give away all your earnings to others and don't keep anything for your fortune to accumulate. We all have necessary expenses, but the necessary expenses will always grow to equal your incomes unless you protest and protect yourself.
You should not be confused with necessary expenses and your desires. You, together with your good families, have more desires than your earnings can gratify. If all your earnings are spent to gratify these desires still there will be many unsatisfied desires.
All people are burdened with more desires than they can gratify. Therefore study thoughtfully your accustomed habits of living. Certain accepted expenses can be wisely reduced or eliminated. The best way to do is to write down all things that you desire to spend and select those that are necessary and possible to pay through the nine-tenths of your income.
Alwed Ekka
Guide Coach Mentor
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