Money – ways to treat it well or not
One thing about money
Money is one factor in making the world go around and it’s a very important part of our economic commerce, but chasing around after it can also make you crazy. By identifying with your attitude towards money, you can learn to appreciate the energy it takes to make it and respect it without chasing it.
More than enough
One of the biggest lies ever told is that there is not enough money to go around and our governments are the worst example we have when it comes to handling it. I would truly appreciate a government that sees how rich my community is and makes decisions based on those truths rather than catering to the whines of the lazy folk.
In our global economy, the system has definitely been abused and we have to get back to realizing our personal responsibilities when it comes to what we take for granted, like health care. One of the most notable things is that alternative medicine is often more likely to help you with healing and it never was covered through the health care system. Contrary to what lazy or thoughtless people think, the government is not here to take care of us, it is here to protect us, our rights, and our sovereignty from invasion.
We are very capable people who should be guiding the government by thinking for ourselves about how we can best put our money to use. But first we have to see where it is being wasted and learn for ourselves how to handle it. Then we can go ahead with finding greater solutions for humanity and lighten the criminal load in our prisons.
More than cash
Money is a means of commerce that does not always come in the form of cash. You may be surprised at how rich you really are and when you realize it, you can stop being poor and become richer.
Consider how you got that:
- 19″ computer monitor in excellent shape for $100 when everyone else is paying hundreds
- brake job you traded for a set of skis
- laptop that someone gave you because they know you can fix it
- car given to you that needed a bit of work
That is money, too, and smart business, so start doing more of that and see your financial situation in a new light. It is simple resourcefulness as well as understanding the nature of money and people love to give things that they don’t want to someone who will put it to good use. It is a by-product of the rapport that you have with people. Once you are in the flow of receiving this way do not go back to your old worry wart ways, become greedy, or try to force it as the flow will stop. You will learn how to think on bigger things that you would like in the proper frame of mind and somehow it will come to you.
If you think yourself poor, you will be, and the same is if you see all the wealth around you, you are wealthy. Just look at all the money hanging around you right now that you didn’t see before. Ca-ching!
Here’s a trick to connecting with abundance:
- See abundance of something around you.
- If you have pile of newspapers in the recycle bin, connect to the abundance of newspapers.
- If you have big jar of pennies, connect to the abundance of pennies.
- Got a lot of books? Connect to the abundance of books.
- See a lot of words on the web page? Connect to the abundance of words.
- If you’re a beggar on the street, look around and see the abundance of people and connect to the abundance of people.
This is a nifty way to trick the mind into being aware of abundance rather than lack…and it works. It will open you up to seeing abundance around you that will eventually translate into money.
Absolutely everybody makes mistakes with their money. But, there is a big difference between the odd splurge and always spending money in ways that won’t pay off or will cost you more in the long run. It’s been an instant gratification society in that a lot of people want it all right now. The problem is that it makes for a poverty mentality. If you don’t have the money, you can’t afford it. Stealing or abusing credit to get what you can’t afford will only make you poorer. Look at what you do have and build real wealth.
Very important moolah-minding
Never loan money, never borrow money, and never let anyone use your credit or card. In other words, don’t let someone else’s actions push you across that line. That is of course unless you can afford to give it away or you want to personally be humbled by a major challenge.
Money really is personal
We put the energy in to get the lifestyle out by using our skills in business. You need to know your own money by treating it with respect as a product of that energy. That’s what makes for a healthy attitude towards making it work for you, rather than you being a slave to it.
Sadly, many people abuse money by directing a type of hunger towards it. When that hunger grows out of control it creates a money-starved mentality and they are never satisfied with any amount. They think that only with more money will they have a great life and personal power and they begin to manipulate people and inundate the system with money-grubbing scams to get it. That is mock power and stolen money and it makes for a poor economy. People who think that money is the ‘be-all end-all’ of life need to see the real world where wealth in character by its nature attracts a very satisfyiing amount of dollars.
There are some guidelines in the world of commerce that allow us our freedom to live within and grow beyond our financial means.
- The first step is honesty with where you stand financially at any given moment
- The second is where you want to take your lifestyle
- The third is your approach to financial change
Some clues to avoiding financial setbacks and creating financial growth:
- Adjust to live within your current means
- Alter credit use:
- Avoid impulse purchases
- Be an informed consumer
- Create a budget (I like to call it a ‘budgie’, because it sounds cuter and less daunting)
- Documentation of both the conscious and unplanned expenses over a period of time is central to establishing a workable and realistic budget
- There is a tendency for people to only plan for expenses they like. In setting up and organizing your expenses, you must identify all of them, i.e., extra-curricular, school, birthdays, vacations, statutory holidays, funerals, etc.
- Develop a realistic budget
- Get free advice from expert financial planners (agencies, banks, books, etc.)
- Save even a small amount
Financial gurus always tell you to set aside 3 to 6 months of living expenses for an ‘emergency’. This is good advice in itself, but some people think that if you plan for an emergency, it will happen. To get over that, simply create your own reason for saving money, eg., it could be money that allows time to source out a better career. Or, when that new invention idea hits you, it could seem like an ‘emergency’. Even though it isn’t, you want it right away…impatience again.
Find Extra Money
Question every expense to see if it there is a more practical alternative.
- Cost out predictable expenses, divide by 12 and save that amount each month
- Cut down on repair costs with regular maintenance:
- sell your current house and move into a smaller one
- buy a bigger house with a rental suite
- shift from retail to home business
- Learn skills so you don’t have to outsource
- Hair cutting
- Home renovations (within your handy person abilities)
- Set a credit card spending limit and when you reach it each month, stop using it
- Share accommodation while in financial transition or learning your basic needs
- Take taxis if you really don’t need a car
- Use the public library rather buying a lot of books
- Volunteer at community venues for the sake of free entertainment
- Art shows, galleries
- Special events
Credit Danger Signals
- Charging more per month than paying on account
- Consolidating loans
- Don’t know real monthly expenses
- No money before payday
- No savings
- Requesting credit limit increases
- Stalling one creditor to pay another
- Unplanned major purchases
- Using credit card as a source of financing rather than a convenience
- Using credit to create income
At 2 Danger Signals
- Take control, be the (wo)man in charge and pull your energy back fast before the roller-coaster effect kicks in and there are no more stops until you crash.
Once your stomach nerves have settled down and you have overcome the pain of the bankruptcy and forgiven yourself (if you are a responsible person) you can slowly get your credit back one step at a time. You have learned some hard lessons about money, but you will find that you have more cash in your bank along with a new attitude towards it and respect for it. Bankruptcy is the result of impatience for possessions and ignorance about credit along with a misplaced trust about the future.
Click on the Bankruptcy Cycle image for a larger view.
In bankruptcy, request your credit report from the reporting company(ies) to see if anyone is requesting credit on your behalf without your permission or reporting after a bankruptcy discharge when they shouldn’t be. i.e., Household Finance will continue to report to Equifax and may also report double the amount that the bankruptcy covered. If this happens and they won’t stop, you will have to contact Equifax directly. Get all credit reports from the reporting companies as each financial institution will use a different one to check on your credit. i.e., Visa will use TransUnion Credit while a loan company will use Equifax and both reports should jive.
- CreditFile.Net (ca;uk)
- Equifax (global links)
- TransUnion Credit (ca)
- TransUnion Credit (us)
- Experian (global links)
The best way to establish a credit rating when you have none is with a secured loan or credit card. Go to an institution that wasn’t included in the bankruptcy, as the ones that were will likely avoid you. Take along your hard-earned $500-$1000 with your stable job and self-respect. You will feel richer than before when you had a lot of credit and may hesitate at having credit again, but it will be liberating in that you don’t need it to get by. Then, teach your children the art of handling money, too, so that they will not needlessly suffer the same fate…be tough about it if necessary.
This is the line that you do not want to cross, but if you do, here’s how to handle it.
If you do find yourself here…when you go through the feeling bad part…listen to yourself talking. You may have come here through a job loss, a failed self-employment attempt, to escape a relationship or bad business partner, or something that you want to call love, but was only sacrifice. It could be a combination of those things and you just could not handle it all at once.
Being here will get you back to the basics and show you how you treat your money well…earned, inherited, or won. You will then learn respect for your own sense of money from the inside out and what energy it takes for you to make it. You will become very protective of it and learn how to share it at your own discretion…because, no one is going to push you over this line again!
Money becomes very personal, especially when it’s your name on that bankruptcy and you are the one who goes through that experience…alone. After that you will have insight into the manipulation of monies all around you. And you will respect your own money because you now know it in a personal way. With that knowledge, you can protect your self from freeloaders, con people, scams, etc., and you will stop being too giving. You will have more respect for what you worked for than you had before and you will be respected more for other things than your money and possessions. You will also find your sense of importance in donating.
It is a challenge for sure…but, it’s not a game.
Excerpt from ‘Charges’
Money takes pride of self…to conform its own means and end. To chase after it will bring death to your ignoble character. Chase instead, love of life, proof of desire. Money is not to be sought after. You’ll learn the other makes more than money can afford. Delinquent stuff if handled wrongly. Give up the chase…look out for the other.