Miranda and Peter accepted an invitation from a friend to learn about an amazing investment opportunity. The presenter painted a rosy picture of the expected outcome of this investment and cautioned that the window of opportunity to make this investment would soon close.
Their friend announced his intention to invest and encouraged them to take advantage of this opportunity while it was still available. They had no time to talk over their decision with anyone else and decided to invest a modest amount. After 2 years of inquiries about the progress of the project they learned that the investment had been a scam all along and that they could not recover any of their money.
These are just a few stories of the types of uninformed decisions that can lead you into falsely concluding that you just can’t win when it comes to mastering the money game. You may have your own stories and have come to similar conclusions.
If you have, reclaim your energy from these situations by using the Logosynthesis sentences and get ready for a fresh start.
Wealth and Abundance
Mastering money can be understood as a game with its own definitions and rules. One goal of this game is to produce wealth. Wealth is money and the things it can buy, that you keep and use throughout your life. When you use this wealth in a way that is congruent with your life’s purpose you experience abundance.
Accumulating wealth can also lead to financial independence. When you are financially independent the wealth you have accumulated produces enough money to cover your regular living expenses and you no longer need to earn additional money by working.
How anyone does this may seem like a mystery to you now. Certainly, neither of us understood it at the beginnings of our journeys. One series of allegories that explain the journey clearly is found in the 1926 book, The Richest Man in Babylon by George S. Clason.
In this story, set in ancient Babylon, a rich man mentors a young man and slowly teaches him the rules to creating wealth. These rules are just as valid today as they were nearly 100 years ago, which probably accounts for the continuing popularity of the book and the many summaries of it available online.
Your chances of successfully producing wealth depend upon you understanding and following the time-honored guidelines included in Clason’s book and most other books on financial success. We list several other books we like later in this chapter.
Critical Fundamental Information
Basically, there are only a limited number of things you can do with money.
There are an infinite variety of ways to do each of those things, but these are the basics.
You could choose to borrow money in order to spend or invest it. Sometimes this can be useful and sometimes it will lead to unexpected problems. It’s best to listen to sound professional advice before you do this.
In any case, borrowed money cannot count as wealth. You must repay it with money you earn or acquire in some other way, perhaps as a gift. However, that gift is available only because someone else has earned, saved or invested money.
When I first started to learn about money, I encountered this revolutionary affirmation, “Part of all I earn is mine to keep.” Until that day (sometime in 1976), it had never occurred to me that anything other than earning money, saving it to spend later or spending it immediately were possible. I had never considered the possibility of deliberately achieving financial independence. In fact, I don’t think I even knew what those words meant.
This adult education class also came with a set of instructions about how to start my own journey toward financial independence. It was designed to deliberately focus my awareness on making conscious decisions about money and ultimately having enough money to live comfortably without working.
I chose to follow these simple instructions.
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