Tag Archives: loss

Partnering with God for a Debt Free Home Today

May 25, 2017

Dear Lord,

You alone are worthy.  You alone are the creator and maker of all Heaven and earth.  Your name is above all and in all.  Your plans are good; they bring prosperity, blessings and abundance to your people that all will praise your name and all will know that you are God and you are good!

You have given me (us) so much and I am thankful for those things where I can see your hand at work in my life.  I live in a beautiful part of the world and for so many years you have provided even when I was trying to do things on my own. Lord God, I know that for too long I have tried to control the circumstances of my life.  Particularly as it relates to money.  Somewhere along the way I have believed that I needed to work had and manage what I earned.  I somewhere along the way believed that if I could learn the secrets to wealth that all my dreams would come true.  Yet, I didn’t even know what my dreams really were; they became clouded by the images and ideas of people around me and what I saw and thought I ‘should’ have in order to be accepted and loved.  I believed ‘if only I could be, do, have more’ then I would be happy; then I would truly live.

The result of course has been death.  Death of dreams, loss of loved ones, loss of peace, joy and love; loss of money and precious time.  Your word says that you will restore that which has been stolen, even when I was the one who let the enemy in to steal the treasure; treasures beyond money.  Lord God, I am so sorry. My words see hollow for the enormity of the losses that have resulted in my own pride and attempts to be self-sufficient’.

You have good plans for my life as you do for everyone’s life, and I willingly chose to partner with the devil who has been trying to rob, steal and destroy those good plans for me and all your people.  For as long as I can remember a nice home filled with family and friends and joyful, peaceful activities has been a desire of my heart.  Your word says that you will provide these things for your people – You will provide them, not my hard work or craftiness; not the bank or my ability to access and maneuver through the maze of credit.  It is you who provides each of us the ability to produce wealth including a nice home.

As we struggled to control the financial reality after the devil tried to steal my dream of impacting nations with a message of financial abundance according to your plans and purposes, your hand led us to sell our home and live in temporary accommodations.  These are lovely, but they aren’t home.  Lord God, I (we) believe you have led us here by your mighty hand and you will deliver us to our promised land here on earth as it will be in heaven as well.  Right now I don’t see how…so I give you this dream and these desires to bring forward in a way that is peaceful, joyful and honours your name.

I / we thank you for your continued and increasing income for our daily bread and I thank you that you have unlocked the resources in our heavenly bank accounts for the purchase of the home which you are leading us to now.  I thank you for the release and forgiveness of all debts; financial and relational; that nothing will hinder the completion of the purchase of the promised land you have pre-selected and prepared for us to reside and carry on the good work you have prepared for us to do.

Lord God, in the name of Jesus, I declare and decree that there is more than enough to purchase, develop and maintain the home you have for us to live in today.  I claim 1 Chronicles 28:20 as you revealed to our realtor in her devotions, over our life, over this purchase and over every area of this transaction, over every square foot of this land, and over the vision for the ministry work to take place from this land. We claim blessing and honour to all who walk there today and who will walk there in the future.  We thank you that your blood has cleansed and purified this land and that your ministering angels are preparing all the details for us to take possession.

In the mighty name of Jesus, we stand against any attack of the enemy; all firey darts and any negative thoughts that attempt to sabotage your good plans.  We ask Holy Spirit that you fill us to overflowing with your goodness, strength and wisdom; and that it is you who brings forward all the resources needed for an efficient, profitable transaction and move.  We give you all these details to care for while we willingly carry out the tasks you set before us as your Servants.

Thank you, Lord.  In your mighty name, Jesus I / we pray,

Amen

“Be strong and courageous, and do the work. Do not be afraid or discouraged, for the Lord God, my God, is with you. He will not fail you or forsake you until all the work for the service of the temple of the Lord is finished” (1 Chronicles 28:20).

The Eye of the Storm

Money has a way of stirring up a hurricane in our lives.  Whether something happens from a an unexpected event or whether it’s a decision that needs to be made about buying, borrowing, or investing, on a day-to-day basis, money affects EVERY area of our life.

Navigating the real-life challenges and day-to-day money decisions in your life requires a certain amount of knowledge, skill and confidence depending on the situation.  Applying all three of these areas at the right time and in the right way is a process and also requires faith.  It’s all these things working together that can create the calm in the midst of some of the biggest financial storms.

Money isn’t just technical know how.  Whether we like it or not, throughout the ages money has power and is a very emotional, controversial subject.  Bringing God, Money and Real Life together is equally as controversial and emotional but also provides a foundation for God’s blessings for powerful results beyond what we could potentially ask or imagine on our own.   

Beginning Friday, September 7th from noon 1:00 pacific time for 4 weeks during the season of transition from the relaxing, bright sunshine of summer, to the cooler, busier days of fall, I invite you to join me on a journey through the storm to discover and apply God’s wisdom to real-life money decision making today.

The program includes 4 live and recorded Teleseminar lessons and weekly homework so that by the end of September you will have fresh new insights about integrating God’s word and real-life money knowledge for earning, managing and maintaining wealth today.  The objective is to discover and apply the learning so that by the end of the month you will have new knowledge, new skills, and an action plan for you to incorporate this information into your own life.

Plus, if you’re a financial professional or counsellor who works with people and their money, you will have new tools, strategies and resources to help others navigate turbulent money situations.

Registration is $99 here, or in keeping with the principles of giving and sharing, you can also make a donation of any amount here in order to participate.

If you register and pay in full before the end of day Friday, August 31st you will also receive access to the full original MoneyMinding Makeover course valued at $250.  This program has produced worldwide testimonials because it provides simple, sequential steps of short information pages, followed by the exercises, templates, questionaires and specifics needed to implement the information into your life.  It is timeless, generic, powerful information that is not and has not been taught in school or by mainstreem financial educators!

If you’re not sure you can make all the sessions live, that’s ok.  You’ll have access to all the recordings and materials and an opportunity to interact and ask questions with the group regardless.  And if you still have questions or are not sure if this is the right program for you, call me directly at 250-592-0457 pacific time.

Blessings,

Tracy

PS – There is so much unsettling financial news today.  Now we also have hurricane Isaac occupying the news and adding to the unsettling financial news.  Thousands of years ago, Abraham trusted God with a very unsettling situation and acted in faith with preparing to sacrifice his son, Isaac.  No doubt there was great turmoil throughout this interaction before God stepped in and provided the sacrificial lamb instead of Isaac.  Today I pray for the families affected by hurricane Isaac and I pray that there is no financial hurricane causing turmoil in your life, or if there is, that you are able to weather the storm and find the peace that surpasses understanding in the eye of the storm.

God, Money and Real Life

God says “But forget all that was in the past — it is nothing compared to what I am going to do.

For I am about to do something new.  See, I have already begun! Do you not see it?  I will make a pathway through the wilderness.  I will create rivers in the dry wasteland.” Isaiah 43:18,19

Because, “The blessing of the Lord makes a person rich, and he adds no sorrow with it.” Proverbs 10:22

The Past:

In 1997 while still practicing as a top investment advisor for one of Canada’s largest investment firms, I began developing the concepts that have formed the basis of the MoneyMinding programs and materials.  In 1999, God revealed himself in a dramatic way by sending an angel to our 3 year old daughter.  In 2001, both my husband and I accepted Christ as our Lord and Saviour and He has lead us on an amazing journey with some real-life challenges ever since.

This journey has so far included some of life’s biggest stressors:  a tax re-assessment and bankruptcy, a sudden close family member death, close family member cancer, another close family member messy divorce with kids involved, multiple moves, and a seemingly endless list of every day challenges with bills, cars, kids, family, etc. etc.

In 2005, we had an initial exciting financial revival after a few rough years, with a new home and successful business launch only to be met with challenges that grew out of trusting some people who had their own agenda including attempting securities fraud with my company, MoneyMinding.

There comes a point in life when you know that the Lord has plans for your life, ‘plans to prosper you and not to harm you, plans to give you hope and a future’ (Jeremiah 29:11) and that His grace is (and always has been) sufficient (2 Corinthians 12:9) to provide the courage to glorify Him through my life. (Philippians 1:20)

The Present:

The intersection of knowledge and faith came together to save my / our life in 2011.  The Holy Spirit spoke loud and clear that I was not to continue with the consultant’s plan to provide funding for the company in the public market the way he had been setting it up.  Everyone on the team was encouraging me to continue because the process had taken over a year longer than expected and money was scarce at best, and stress levels were off the chart.  The overall theme was to ‘get the money’ and get missing information later.  The process was halted and the team perceived that I had sabotaged everyone’s financial windfall.  In reality several months later, I did get the answers to the questions that had been mounting.  The funding ‘scheme’ was confirmed to be illegal and I was being set up to be responsible for the illegal activity.

Thank you Lord, for intervening when knowledge left questions and man was misleading me.

My husband, daughter and I were left with no money, minimal income, a mountain of debt, an entire mountain range of corporate administrative clean up, and no expertise or resources to carry on and re-build.  Yet the Lord has been faithful and has provided strength, money, people, encouragement and wisdom to maintain our bills, home, credit, marriage, and our health.

Surviving a devastating financial upheaval takes courage, it takes wisdom, and it takes God’s love to hold you through the long days of hard work and tough decisions.  Sometimes its only because He’s there that getting out of bed in the morning is even possible.

The Future:

My prayer is that you do not have to experience a major financial stress anywhere close to this.  Unfortunately, as I have written about in my new book, The Death by Money Report, the reality is that most people will experience some sort of financial uncertainty and struggle during their lifetime.  It could be from job loss, health issues, death, divorce, business failure, investment loss, accumulated debt, or a seeming inability to earn enough money to live the life you once hoped to be able to live.

Seven years after starting the company and marketing the information corporately, the Holy Spirit is prompting me to share the biblical principles that have combined with my technical expertise to help others navigate the world of personal finance today.  He is indeed doing a ‘new thing’ (Isaiah 43:18,19) and there is ‘no sorrow’ or ‘painful toil’ for it (Proverbs 10:22).  The principles have always been the foundation of the MoneyMinding programs; however, I have only recently started sharing with the body of Christ, the biblical integration.

Beginning September 7th, at noon Pacific, I invite you to join me for a 4 week journey:  God, Money, and Real Life.  I’ll share principles, strategies and action plans you can put into practice to experience the Holy Spirit’s power working in your finances and your life today.   God says, He can do ‘immeasurably more than we can ask or imagine’ (Ephesians 3:20).  I encourage you to join me to experience fresh insights from His living word and from the voice of experience, and expertise.  My desire is that you will be able to apply these concepts to your own situation to realize results you didn’t before think were possible!

The program is $99 for the four, 1 hour live and recorded audio sessions plus ‘homework’.  But, in keeping with God’s principles for prosperity, you can also make donations of any amount that will fit with your current situation.  If you aren’t able to attend the live sessions, that’s ok too, they will be recorded and you can still participate on your own time, including being able to ask questions and share your results.

Order here

Donate here

When your order and / or donation has been received you will receive information within 24 – 48 hours with further details and welcome instructions!

I’m looking forward to sharing more with you and to experiencing the Lord’s work in and through all of us as we journey forward together!

Abundant blessings,

Tracy

PS – This program is the first of many ‘new things’ as I also prepare to share the creative financial planning strategies and support from my long time friend and greatly admired financial advisor, Dan Loney (www.loneyfinancial.com).  He and I have discussed co-authoring a book on debt for almost 10 years now; I have come close to working with him several times in the past; and look forward to helping him expand his biblical program on financial management called, The Joseph Principle.  I will be continuing to support the portfolio of MoneyMinding content, programs, resources and materials including mVillage membership with live mentorship.  These are central resources for you to get personal and anonymous information and support and where new information is made available to members 24/7.

Efficient Use of Financial Resources Creates Unlimited Financial Possibilities

The definition of financial planning is ‘efficient use of resources’.  Unfortunately the concept of resources seems to be commonly accepted to be a scarce resource that needs to be controlled so you don’t lose it.  An underlying values system that generally accepts money as something that is risky is indicative of a fear of losing this ‘scarce resource’.  On the other hand, a view of money that understands its unlimited potential will approach day-to-day spending, investing, and financing decisions in a completely different way.  Interestingly, either view will usually result in reinforcement of the initial belief making it extremely difficult to recognize the missed opportunities that could have been if a balanced and integrated perspective had been implemented instead.

The fear based, scarcity decision approach is indicative of the lack of foundational financial knowledge of our adult population. Unfortunately financial basics like we received in reading, writing and arithmetic were not part of a school curriculum because it wasn’t necessary 30-50 years ago.  This lack of training also unfortunately means a lack of respect and a misguided belief that the ad-hoc, trial and error, and hearsay learning is all that’s necessary.  This belief is especially unsettling when it is combined with an assumption that if someone has achieved a certain level of wealth that those people are the best teachers in the area of money.  Perhaps, but not necessarily.

Every situation is different and what someone else did to create wealth is not necessarily going to be applicable for everyone else.  Wealth creation is a very personal, emotional and situational subject, particularly when the financial marketplace is changing so dramatically and so quickly.  Experiential learning is obviously extremely valuable and can result in seemingly solid financial situations, but more often than not it can also result in misguided strategies and result in missed opportunities, often that the unsuspecting person doesn’t even realize where they could have done better.  The missing key is the basic knowledge to know what questions to ask of the professionals who will be providing the specific financial products and strategies for each unique and personal situation.

This means that within our families, organizations, and communities, we have to realize that the world or money has changed; that it is a very complex technical industry requiring specialized knowledge, training and expertise and that the average person has a responsibility to know what’s important to them so they can communicate their needs effectively to financial professionals to get answers.  It is certainly not prudent to expect a financial advisor to do it all for you, nor is it prudent to think you can do it all yourself.  Financial decisions, like medical decisions, are very personal and emotional and require a lot of understanding of a multitude of variables which require individual attention and often multiple financial experts.  The personal competence and confidence when making decisions are what financial experts are not trained in or compensated to provide for you.

This also means that to benefit from a balanced and therefore efficient use of financial resources an awareness of personal beliefs and priorities is the most important step.  This will help you find and communicate effectively with the professionals who have the technical ability to implement strategies and plans for you to experience goals beyond what you might have originally thought possible.  It’s also critical to recognize that money is not a scarce resource and that risk (or loss) is something that can be managed.  This again requires appropriate knowledge and skills to work with the professionals to earn, manage and maintain your finances efficiently.

Here are a couple examples of how knowledge (or lack of it) can potentially limit opportunities that on the surface might have previously appeared prudent, or risky:  

1.   Assume you have $10,000 in cash and you have a $10,000 balance on a credit card.  One strategy for these 2 resources would be to take the cash and pay off the credit card. This certainly makes sense because likely the interest charged on the credit card will be higher than what you’re getting on savings.  Another strategy would be to invest the $10,000 to try to grow it into more money because ‘it’s nice to have money in the bank.’

However, how many people would consider using the $10,000 cash to pay off the credit card, then taking the $10,000 available credit and investing it into a wealth creating opportunity such as a business, investment, real estate project?  There are potential tax benefits to doing this as well as the potential flexibility built into your financial situation.  Plus, if the wealth creating opportunity generated ongoing income which would cover the credit card payments and provide additional income for the investor now your money is working to create more wealth.  Not to mention that you would still get to experience the ‘money in the bank’.

What if the $10,000 available credit was used as an investment along with others and meant that your pooled money could access even more potential because collectively your funds were able to purchase a larger investment, property, business program?

In either of these 2 scenarios, your use of the $10,000 could enable continued growth and wealth building that was efficiently using resources in a useful way where not only your situation could benefit but potentially others as well.  Obviously there are some critical skills and knowledge and loss protection strategies that would be considered in using your financial resources in this way, so this is certainly not to advocate that this is the right situation for everyone.  It’s an example of how viewing money from an unlimited perspective requires development of additional foundational skills and knowledge in order to confidently and effectively take advantage of an integrated strategy such as this.

2.   Now consider an example of what a situation could look like if you have enhanced your skills, knowledge and confidence and now have $1,000,000 available cash.  One thing you could certainly do with the money would be to invest it into businesses (through stocks), or into real estate.  If you bought real estate for yourself with the money you could then own your home which is certainly a high priority for most people.  However, if you were considering an investment, you could purchase a property and receive rental income.  This is now good for you and for others.  However there is a considerable amount of missed opportunity and flexibility and therefore added risk with these all-or-nothing approach.

If you instead combined various financial resources, and pulled together proper legal, lending, investing, insurance, tax and loss protection strategies, your situation could effectively provide a more stable and abundant financial plan for earning, managing and maintaining your wealth plus providing opportunities for others.

You could potentially take a percentage of your $1,000,000 (say $250,000) and purchase a property worth $1,000,000 by taking a $750,000 mortgage.  You could receive rental or lease revenue as cash flow plus you would still have the $750,000 additional cash to invest and be available for other opportunities or situations that might come up if the market or in your personal situation.  You don’t have this flexibility or security with the ‘all-or-nothing’ approach.

Taking this one step further like we did with the $10,000 being pooled with others, if you took $250,000 cash and a mortgage for $750,000 to acquire a $1,000,000 property, you could potentially provide an opportunity of others as well by developing or expanding your property.  This means, that with a smaller amount of money you provide diversification, opportunity, flexibility, security, and an overall efficient plan to create wealth not just yourself, but for others as well.

This is obviously not to say, that everyone should go jump into highly leveraged, creative investment concepts.  Financial planning is about the efficient use of ALL resources, including careful review and planning of your personal circumstances, your knowledge, skills, and the professional advisors on your team.  All these resources will either come together effectively to expand wealth and provide opportunities, or limit potential depending on your underlying belief.  When money is viewed as a scarce resource it is typically from missing knowledge and skills or inappropriate application of partial knowledge.  Either way, not taking advantage of all the resources available to you, or applying them in an inappropriate is usually because of a fear of not having enough, or fear of running out, or losing out.  This means that even some seemingly good financial strategies can on the surface seem to be prudent, when in reality they are sacrificing future opportunities or exposing you to different risks.  Flexibility and consideration of changing circumstances are important factors.

The critical consideration is to be aware that decisions based on fear of loss, or from an underlying belief that money is a scarce resource, are really pointing to a need for the development of financial skills and knowledge.  With increased financial knowledge there is an ability to take advantage of opportunities through competent and confident decisions.   There are infinite possibilities, and million dollar decisions start with the realization that we all have million dollar opportunities.  Million dollar opportunities start by learning to ask different questions to fully understand the benefit of skills such as financial math, financial forecasting, loss protection strategies, integrative planning, values, community, and more. And when we do, the benefits will be experienced within your own family, your organization, your community and our society as a whole!

To read more like this and to uncover the proven system and strategies to evaluate opportunities to make decisions that are right for you, visit www.deathbymoney.com to read The Death by Money Report and to access my private members area, mVillage. 

Introducing MoneyMinding Minutes

These short tips designed for information, application, inspiration, and overall positive results.  To view others and to ask questions, comment, or get additional information on this or other area of personal finance take advantage of an mVillage membership available at www.deathbymoney.com.

The latest one is about identifying red flags as well as strengthening communication by writing what you understand.  Be sure to click ‘like’ to spread the word!

http://youtu.be/YGmMHyhX7q4

 

 

Help Spread Financial Success – contribute to my new book!

In the aftermath of what has become a conspiracy to commit securities fraud by a group of people claiming to be experts in helping companies’ access capital for expansion, MoneyMinding and Tracy Piercy (me) will be transitioning into a new delivery format for the information you receive.  It is by God’s grace and the application of the MoneyMinding principles to real-world financial decision making that prevented this fraud from completing.

Chasing money and sacrificing values, ethics and priorities is a recipe for disaster, yet many people continue to let money rule their lives, even to the point of abandoning their morals, friends, families, and life’s passions.  This is not what I believe or teach and have an unstoppable commitment to sharing this message of financial hope and independence.  People everywhere inadvertently fall victim to inappropriate decisions, settle for a life of struggle, or become victims of fraud because our conventional money wisdom feeds fear, scarcity and dependency which are not conducive to developing and applying financial skills, knowledge and confidence.

In essence, much of our current money wisdom is ruining lives, families and the freedoms we have come to appreciate.  In part because what is being taught about personal finance still expects that you will become a financial expert, or that you’ll be able to replicate what someone else has done for themselves to become wealthy.  Instead what you can do, is to learn to ask better questions to get better results from the professionals who have the technical expertise to help you implement your plans with the financial products and services you use on a day-to-day basis in real life!  This means you have to first be open to learning what it is you currently don’t know that you don’t know.

Please read my new publication, The Death by Money Report for the information that introduces these concepts, provides an overview of the attempted fraud, and the $10 solution that is reviving financial independence for people who grasp this paradigm shifting information.  You can purchase it at www.deathbymoney.com.

Make sure you continue to follow me and take advantage of the online mVillage membership.  This online community contains volumes of searchable financial resources and it’s where I will continue to share information and provide an opportunity for members to ask money questions anonymously about ANY area of their personal finances.

Plus – You can contribute to my new book:  Death by Money, Life by Faith.  This book details this and other dramatic stories of success from the application of this life-changing money wisdom.  When you contribute financially today you can help make a difference for others while also receiving special incentives and recognition for yourself.

Contribute financially here:

And, mVillage members (available with the purchase of The Death by Money Report here), can contribute to the writing of the book with your input as you read along, make comments, and ask questions while also improving your own financial life.

Here’s what you get for financial your contribution:

$5 – $25 Receive a signed copy of   the completed book with your name printed in it as a supporter (unless you   chose not to) ($25+ value)
$26 – $50 Receive all of the above   plus a copy of my 7 Day Make a Difference Video course ($75 value)
$51 – $100 Receive all of the above   plus a the ebook, Wealth Secrets of Everyday Spending ($150 value)
$101 – $250 Receive all of the above   plus digital copy of the original MoneyMinding Makeover ($425 value)
$251 – $1000 Receive all of the above   plus 1 year access to full mVillage ($1625 value)
$1001 – $2500 Receive all of the above   plus access to live Master event inVictoria  when available ($4420 value)
$2501 – $10,000+ above plus access to   Project M archives and monthly guest participation in current Project M   program ($14,420 value)

During the transition of the MoneyMinding / Tracy Piercy information, I am actively seeking partners to assist in publishing and distribution of this valuable information and continue to be available on a consulting basis and for speaking engagement.  You can contact me at 250-592-0457 (pacific time) and by email at tracy@moneyminding.com.

I welcome your queries, comments, questions, encouragement, and assistance and definitely look forward to sharing more with you in the future!

Abundant blessings,

Tracy

Are you making money decisions from a spirit of fear, or spirit of confidence?

Decisions made from fear are more focused on the potential loss, risk, harm, or missing out.  Confident decisions come from applying the necessary skills and knowledge to analyze a situation from a practical, business-like position.

For example, if you have recently read something about investment fees and other negative impacts of active money management you could be tempted to convert all your investments to an alternate type.  This same situation can happen if you experience a drop in the stock market and you’re tempted to pull all your money out and invest it in real estate or fixed income certificates.

Another common situation is the one where you feel that the amount you have saved is going to cause you to work for the next several hundred years in order to finally be able to ‘retire.’.  In an attempt to alleviate this fear, you perhaps make a decision to take charge of your finances and start attending seminars on how to reduce your debt and increase your savings.  The biggest challenge with this is that the overwhelming majority of seminars are offered by people who are selling a particular product to fit with the information they have just taught you, or they are people who do not have a professional background and are therefore presenting strategies that are from their personal experience (which is good), but won’t have the connection to the technical aspects of the financial industry.

This situation leads to decisions that are often made with partial knowledge such as looking at reducing interest rates on mortgages or credit cards, but inadvertently reducing your long term flexibility or ability to access credit.  Credit scores are a complex serious force with far reaching consequences.  Anything at all to do with credit must be carefully calculated and considered with expert consultants.

So what do you do?  A solid financial foundation of skills and knowledge was not part of any formal curriculum for every adult trying to make these decisions today.  Because of this, the knowledge gap isn’t even recognized so we have decisions that appear to make sense on the surface based on ad-hoc, circumstantial information, but ultimately require a leap of faith to implement.  This type of decision making ultimately ends up being more like unconscious gambling, rather than a methodical, calculated, confident process that connects all the unique person circumstances to a desired outcome.

The first step is to realize that money is a dynamic, every increasingly complex situation, where decisions are not black and white.  Because of this, the component of the decision making process that can be controlled is your own values, priorities, goals, interests, passions, and unique purposes.  From here, the process of making decisions, implementing strategies and deciding on specific product solutions is a sequential balance of earning vs. spending; of saving vs. investing; of risk vs. reward; of growing vs. maintaining; and of the needs of today vs. the needs of tomorrow.

To find out more read The Death by Money Report at www.deathbymoney.com and plan to attend a Death by Money, Life by Faith interactive workshop.   The next live one is June 7th at 7pm PST.  Registration is required and attendance is by donation.  info@moneyminding.com

 

 

Is it a revival or a renewal of your finances you’re looking for? www.deathbymoney.com

Revive literally means to start again or bring back to life.  This means that if you feel like you’re off track and have been suppressing your passions because you’re overcome with guilt, or fear about money, then likely you need some encouragement to strengthen your belief that you can live a life where there is enough money flowing into your home to enable you to feel exhilarated about your days.

Perhaps you’re feeling like your life is pre-occupied with money every time you venture into a store or are faced with opening another bill, or statement.  If you need a fresh look at the situation to help you overcome the stress and struggle of working to make money to pay your bills while also somehow managing to save for that distant fantasy land called retirement, you’re looking for a revival.

On the other hand, if you’re thoughts are burdened with anxiety around how you have drifted away from the life you thought you’d be living, or used to be living, before something happened to halt your dreams (a job loss, medical situation, investment loss, divorce, fraud) then you’re looking for a renewal.  You’d like to be able to continue with your former life, mend the broken situation and carry on.  Perhaps you just need to breathe new life into your finances to reinvigorate your life.  Or perhaps you’re aware that there are some areas of your financial life that really should be replaced, but you’re not sure how to transform the situation.  Either way, a renewal is what you’re looking for.

A revival or a renewal requires a change.  In order to change you have to give up on current strategies that aren’t working which will first require acknowledging that the current thinking must stop.  You have to awaken a spirit of financial independence which means removing the concept of retirement from any discussion or thought around your finances.  It also means that you have to understand that what feeds financial independence is income.

What you’re after is income that is sufficient to pay for the expenses for the life you want to live; the life God has placed on your heart to live, not necessarily the life pictured in magazines or on TV, or the one you think you ‘should’ be living.  Ultimately, this means you have to revive and renew the entire concept of income creation.

Income creation, and therefore financial independence, is not dependent on a budget that requires you to spend less than you earn so you can get out of debt and accumulate a big pot of gold to retire with.  Income creation isn’t dependant on you having a good job or career.  Income creation isn’t a special investment or new business.  Income creation starts with an idea, and requires you to take one small step at a time in pursuit of that idea.  Along the way, each step will have financial requirements and decisions with financial implications.  Here it is important to look at the numbers in new ways to help recondition and recreate your situation in order to re-establish a life of financial independence.

If you want to renovate your finances, you first need to stimulate your thinking which begins with the first baby step.  www.deathbymoney.com

 

What do you do when you suspect someone you know might be suffering from financial loss?

The post has been modified and expanded from a conversation I started in the FPA (Financial Planners Association) community with other financial professionals at http://connect.fpanet.org/FPANET/HOME/ because it’s a topic that is is epidemic in proportion, yet silent for the people it plagues…

Financial loss is unfortunately an issue that affects every area of life (like the death or serious illness of a loved on), yet unfortunately is something that most people are afraid to admit. This means that there is very little support for people who have experienced a loss of some kind. It also means that they will do just about anything to heal the pain, change the situation and keep it covered up. Sometimes the only people who will know the secret is their financial advisor, and maybe because that person has had to piece together the story to figure it out on their own. This means that you could discover a secret that your friend, family member, associate, or client is afraid to admit to anyone even people close to them. It also means that you could see them doing things financially that could make the situation worse because they are being lured by the ‘quick fix’.

Perhaps, you’re living this situation yourself.

The reasons for the loss aren’t necessarily as important as the fact that it has occurred. The situation could be caused by pre-meditated fraud, theft, an inappropriate investment that went sour, or job loss, divorce, illness, or accumulated debt. Regardless of the causes, it could very well be that you could be one of the few people who know the real story. What do you do? How can you help?

Or if you’re the person suffering in silence, what do you do?  Where can you get help?

These are huge issues because money has become such a taboo topic in our society.  Talking about it means you become vulnerable to judgement of others.  Yet the reality is that money is as necessary for survival in our culture and as adults we have received no formal money management training and there is very little support for the day-to-day decision making.  Financial planning and other financial services are not there to help with the emotional aspects of money.  Nor are they there to help you earn money to plan with.  That’s the fuel that begins the entire financial process and if that fuel isn’t enough, or has been lost, then what?

It’s a topic that needs some desperate attention.  We will help people recover from financial loss by restoring hope and reviving the ability to create income and financial independence – regardless of the past circumstances and current situation and how much has been lost in the past!

I hope you join me by discovering the causes of a lot of the money stress we have in our society today and how a $10 solution can revive financial independence.  http://www.deathbymoney.com/

“Snakes in Suits”

Great book by by Paul Babiak and Robert Hare I”m reading now as part of my new series of articles on misleading financial advice and the new book, Death by Money.

Financial loss and investment fraud and inappropriate financial advice have been a significant part of my career since doing some work with the BC Securities Commission in the early 2000’s on their program called ‘Investigate Before You Invest”. Dr. Robert Hare was actually someone who’s work I had access to for the BCSC contract. It was one of the most profound things I have done in my career and been a big influence on my work ever since. Many of the people I work with at MoneyMinding are infact recovering from some sort of financial loss, or feel like they are because they were slow to get started.

If this might be you or someone you know, there are alot of options and information inside MoneyMinding mVillage for support and you can look for alot of information, resources and strategies in some of my new work:

– Project M
– The New MoneyMinding Makeover plus Double Your Money Program
– The series of articles on misleading financial advice, and
– Death by Money

Make sure you visit www.moneyminding.com to become a Minute Manager Member to be able to comments, ask questions and get the resources and support – anonymously!