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Author Insight
Being Wealthy Means…
What does being wealthy mean to YOU? If you can’t answer this question easily, you’re in good company. Very few people seem to have a ready answer. A long-term coaching client was sharing how excited he was about his current success. Over a year ago he reorganized his business life by deciding to give up his dream of creating a successful organization. Instead, he functioned as a solopreneur and now had almost completely paid off the debt he accrued by trying to create the organization. In his early 60s, he was thinking about how long he needs to keep working, to accumulate enough money to retire. When I asked how much he had in mind, he named a very large number. My personal experience of being comfortably retired on far fewer assets than he was imagining was not relevant, so I did not mention it. I asked how he had arrived at that number, and he told me, through meditation. He had not checked with a financial professional. It was just his idea of wealth. We talked further and he decided that it was time to review his position with a financial planner he respected to get a better understanding of his situation. How about you? What do you need next to create abundance? Read “Embrace Prosperity,” it will help.
Book Excerpt
Embrace Prosperity
Money is a Relative Measurement
Being a millionaire was once thought to be a measure of great wealth in the US. Now the suggested amount of savings to have for a comfortable middle-class retirement in the US is 2.4 million dollars. (Fewer than 10% of families achieve this milestone.)
Laurie: My husband and I have lived in our home for nearly 50 years. We paid a certain amount for the house. Now our community’s assessment of the value of this house (in money) is 17 times what we originally paid for it. It is the same building, albeit with some necessary repairs and upgrades.
A new car now costs about as much as the original amount we paid for the house. And clients pay me 7-12 times what I used to charge for an hour-long session.
Adapting to these changes is sometimes a challenge for me and I remind myself that this money I am spending reflects changing numbers on a piece of paper. My life is abundant, regardless of what measurement I use.
Useful Ideas About Money that Encourage
Experiencing AbundanceMoney is a NEUTRAL way of measuring and comparing value.
Money is stored life energy. Energy can be neither created nor destroyed. It can only be changed from one form to another. This is the first law of thermodynamics—a physical constant in the universe.
Money is a replaceable commodity. This is true so long as you have life energy available to transform into something that is useful to others.
You can store life energy for later use in the form of money.
Money management is a skill that you can learn. In the next chapter we’ll describe many strategies for learning this skill.
Practicing Abundance
Take a realistic measure of the amount of money you have available to you right now. This is a snapshot, not a movie.
If you are reacting to this suggestion with anxiety or anger or are thinking of reasons you can’t possibly do this now, use the 3 Logosynthesis sentences to retrieve your energy for this task. Use “the idea of measuring my money” as the trigger.
Now, back to the task. This is just about measuring money, not measuring the value of all your possessions—that is called measuring your net worth and this task is just a part of that measurement.
This means listing the amount of money you have in your pocket or purse and the amount of money you have in your bank account(s). Include everything, such as an uncashed check or Paypal balance, that can be easily converted to cash. Add these numbers.
Now make a list of money you have already spent but not yet deducted from these bank balances. That includes money owed to others for goods and services you have already received. These numbers are found in bills and receipts that may be scattered around your physical and virtual space. Add these numbers as well.
Subtract what you owe from what you have and notice if the number is positive (you have more money than you owe others) or negative (you need additional money to pay your debts.)
If you experience stress at any point during this process, identify the triggers of that stress and use the Logosynthesis sentences to regain your equilibrium.
Acknowledging the truth about your financial situation is one of the most important steps in creating the abundance provided by financial stability in your life.
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