Posts Tagged ‘retire’

Producing Abundance Despite Apparent Lack

47 During the seven plentiful years the earth produced abundantly, 48 and he gathered up all the food of these seven years, which occurred in the land of Egypt, and put the food in the cities. He put in every city the food from the fields around it. 49 And Joseph stored up grain in great abundance, like the sand of the sea, until he ceased to measure it, for it could not be measured.

53 The seven years of plenty that occurred in the land of Egypt came to an end, 54 and the seven years of famine began to come, as Joseph had said. There was famine in all lands, but in all the land of Egypt there was bread. 55 When all the land of Egypt was famished, the people cried to Pharaoh for bread. Pharaoh said to all the Egyptians, “Go to Joseph. What he says to you, do.”

56 So when the famine had spread over all the land, Joseph opened all the storehouses and sold to the Egyptians, for the famine was severe in the land of Egypt.57 Moreover, all the earth came to Egypt to Joseph to buy grain, because the famine was severe over all the earth.  Genesis 41:47-49,53-57

The story of Joseph has been told so many times and offers so many lessons that sometimes it’s easy to think we know the story and that’s that.  However, when you stop learning you become complacent and ineffective and self-centred – not exactly qualities of following God’s will.

A couple of years ago I was asking the Lord for some insight to why the commonly accepted financial wisdom was to accumulate money for the future (not that this is bad, it’s the emphasis on it for retirement that is perplexing)  He lead me to the story of Joseph and revealed some interesting principles that address so many financial issues that cause uncertainty for people today.

Typically the interpretation of what Joseph put in place in Egypt after interpreting Pharoph’s dream of 7 years of prosperity followed by 7 years of famine is that the Egyptians saved up the food during the good years so they wouldn’t starve to death during the famine.  It’s interesting to note that the passage doesn’t mention any fear running out or not having enough, nor does it mention storing the food just for the Egyptians.

What the passage actually says is that the Egyptians produced the food from the land and it was collected and stored in the cities throughout the country.  When the famine came, the Egyptians sold the food locally and to people who came from abroad.  Producing the food from the land, meant they processed it in some way and selling it meant they created income from their efforts.  In this way, what they created was a sustainable economy.

It seems to me that God provided fruitful land from which the Egyptians could work together at the local level to use their talents to produce goods that benefited them and others.  Because the produced food was available in cities throughout the country they had a distribution network so the produce was accessible to and beneficial to many people.

Today to produce abundance means despite an apparent lack or gap I resources, means you have to first focus on the prosperity that you do have available, then find a way to produce something of value to others; particularly something that is essential and consumable.  Then work with others to create a system to sell your goods.  This is the entrepreneurial spirit of infinite possibilities that creates abundance, rather than stockpiling for personal survival with a concern that you might not have enough or might run out.  Your plan doesn’t have to be huge with a worldwide audience, it just has to start with a mindset of creating a sustainable income in your personal economy by considering the needs of others as well as yourself.

You can read more about the consequences of our current thinking around personal finance following the accumulation model in The Death by Money Report available at www.deathbymoney.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

 

“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!