Posts Tagged ‘wealth’

“At its heart, business is not about formality, or winning, or ‘the bottom line,’  or profit, or trade, or commerce, or any of the things the business books tell you it’s about. Business is what concerns us. If you care about something enough to do something  about it, you’re in business…”

Richard Branson, Business Stripped Bare

Does the idea of spending your time each day doing something about the concerns you have seem almost like a dream world? I often wonder if people don’t give themselves permission to live their life doing something they care about. I wonder what holds them back from pursuing those things and being rewarded financially for making the world a better place.

At this point in my life, I have been on a journey to LIVE each day pursuing my dreams. This process has challenged me to uncover what matters the most to me, what impact do I want to have in this world, and what is holding me back. The revelations of my search have uncovered a very significant issue that I needed to be address.

The big issue I uncovered came after reading T. Harv Eker’s book, Secrets of the Millionaire Mind.  One of the steps in the process of having a millionaire mindset is to uncover what you have learned from your family and your environment growing up about money. Many times, what you learn growing up or from your environment is what is limiting you from acquiring wealth. While I know the influence my family had on me is a primary source, the more significant influence came from my time spent in ministry.

The following verses have probably had the most impact on shaping my mindset regarding wealth. Mind you, these verses I memorized and became a part of me very early on in my college years.

But godliness with contentment is great gain. For we brought nothing into this world, and we can take nothing out of it. But if we have food and clothing, we will be content with that. Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.

“But you, man of God, flee from all of this, and pursue righteousness, godliness, faith, love, endurance, and gentleness.”

I Timothy 6:6-11, TNIV

Those words are hard to erase from the etchings they made on my soul and mind. Those words have shaped my views on money and influence me on a subconscious level.

I accepted a poverty mindset of being content with just food and clothing. It has imposed upon me to look negatively at riches because look at all the evil just waiting to cause harm and destruction upon my life if I desire to have wealth. So in my time spent in ministry, I never asked for more even when I only had $20 a week for groceries, no money to pay for visits to the doctor, dentist, and optometrist, because a “godly man” was content with poverty.

As I live out my dream to inspire one million people to dream BIG and LIVE their dream, I need to overcome this barrier. I need to recognize that it is okay to earn my living that goes beyond food and clothing while helping others achieve their dreams. I need to internalize this passion within me as an honorable goal and to use my wealth to further my passion.

So I ask you, what is holding you back? What is keeping you from doing what you want to do? All I want to do is make a positive difference in the world. When that is all you want to do, its business.


“The world is filled with talented poor people. All too often, they’re poor or struggle financially or earn less than they are capable of, not because of what they know but because of what they do not know.”

Robert Kiyosaki, “Rich Dad, Poor Dad”

I have had a copy of “Rich Dad, Poor Dad” for a long time, read it when I bought it, and haven’t picked it up to read again until this past week.  As I read through this book at this junction in my life’s journey, so much of it is making more sense now than it did in my first reading.

When I came across the above statements in the book, the reality of why so many people trudge along never finding financial success or freedom hit me like a ton of bricks. When we shut down the learning process, and we close the doors to learning something new, the opportunities to grow and expand our wealth are reduced greatly.

From my viewpoint, there are two things that will cause someone to change course from where they are to something better: desire or pain.

Desire is the strong emotional component that can drive someone forward, pushing through obstacles, and will only stop when it reaches its destination. Wait. Let me rephrase that. A BURNING DESIRE will push people to see a goal reached. Now, I have the desire to own a Nissan 370Z. However, that desire is not a burning desire so I don’t put much effort into attaining that goal. When it comes to my life goal, to inspire one million people to Dream BIG and LIVE their dream, that is my burning desire.

Pain is also a strong motivator to change. For some people, the pain comes too late to make the necessary course changes to LIVE a fuller life. For others, the pain of being where they are in life becomes so unbearable, they do what it takes to change the course of their life. The memory of that pain motivates them to push forward and crush the obstacles that stand in their way.

Unfortunately, the majority of people endure the pain, never seek to flame the desire within themselves, and don’t seek out what they need to learn to make that one change that will push them toward a more rewarding financial journey.

When you take a look at where you are at today, are you satisfied with your place in life? Does your financial balance sheet give you a sense of security for your future? If you answered yes to both of those questions, congratulations. If you could only say yes to one of those or no to both, what is keeping you from reaching your goals? Make a conscious decision to learn what it will take to make your goals happen, and start making the changes necessary.

“…our brains become magnetized with the dominating thoughts which we hold in our minds, and, by means with which no man is familiar, these ‘magnets’ attract to us the forces, the people, the circumstances of life which harmonize with the nature of our dominating thoughts.”

Napoleon Hill, “Think and Grow Rich”

I have been around people who just know something bad is going to happen and they keep their focus on the negative possibilities. Sure enough, what they focused on became true. This is a universal principle that affects every area of our lives. If we say to ourselves, “If I just look at sweets, I gain weight,” what is our mind telling our body? Is it no wonder we have a problem with our weight?

As you continue your journey toward success financially, this principle holds true as well. You must decide what you want when it comes to money. How do you define success financially? What does your lifestyle look like during retirement? You must begin to picture what you want without worrying about if it’s possible or not.

Day 3 of this journey was about deciding what you want. Hopefully, you included your financial goals in there as well. Here are a few goals that you can make sure you have written out:

  • I will have a net worth of $________________ by the year ____________.
  • I will earn at least $________________ next year.
  • I will save at least ______% of my income each month.
  • I will invest at least ______% of my income each month.
  • To become debt free, I will _______________________________________.
  • One area of financial wisdom that I will start learning right now is ________________________. (p 382 with some adaptation)

In order to get a good picture of what you will need to live the lifestyle you want in retirement, you need to research and find out what it costs to do the things you want to do. Write down what you will need to drive the car you want, eat where you want, travel to the places you want to go, the house you want to live in, and the giving you want to do for charity and family. Dig in and visualize your life and find out the costs.

You also need to be real about what you need for retirement. To stay above the average rate of inflation (roughly 3% on average), for every $5,000 a year in income you want, you will need at least $100,000 saved or invested. So if your desired lifestyle can be maintained with $50,000 a year, you will need $1,000,000 saved or invested at a minimum. Depending on your age right now and where you are financially, you may realize you are not on track. So take action today to begin doing something that will positively change your financial future.

As you shift your focus on where you want to go, be sure you know where you are currently. It is vital that you become conscious of your money. You should know the following things about your financial standing:

  1. Your net worth=your total assets minus your liabilities.
  2. Your need at retirement to have the lifestyle you want (only work with advisors who are helping you achieve your desired results).
  3. You need to know where you are spending your money. Track it for a month if you don’t know.
  4. You need to know about different financial concepts that will help you achieve your goals. Start a habit of increasing your financial literacy.

The bottom line is you will get what you focus on the most. The more you shift your focus to a prosperity mindset from a poverty mindset, the more likely you will be finding yourself achieving your wealth goals. Know what you want without limiting your beliefs as to whether or not it is possible. As you begin to focus on what you want, you will open doors to learn more of what you need to do to achieve your desired outcome.

One last thing, Jack shares some information from one of his master mind members, Lee Brower, founder of Empowered Wealth. Jack talks about the “Empowered Wealth Quadrants” that Lee uses to teach people how to deal with all of their wealth, not just the financial aspect. You can learn more about the quadrants from Lee’s website here.


(Our daily journey of the last 64 days of 2011 is centered on the principles found in Jack Canfield’s book, “The Success Principles: How to Get from Where You Are to Where You Want to Be.” In his book, he encourages his readers to begin teaching others these principles. I would highly recommend that you buy a copy of the book and join us on a journey to a better you.)