Tag Archives: wealth

New Beginnings

I’m not going to point the same content on multiple blogs and social media sites – but right now is a time of transition.  God is working in powerful ways in and through my life so there’s a lot to share.  My latest blog post and newsletter through Financial Grace introduces what’s been happening and what’s breaking through!!

You can read it here and make sure you sign up to get all the revelations and inspirations to apply to your own life!!

Be blessed!

Sam

 

Recognizing Something From the Past for it’s Value Today

If you’ve experienced a death of someone close to you or divorce, you’ll appreciate the unique and timely opportunity I’m presenting for some advisors today who can act quickly with what I’m about to share.  I guess it’s like a repurposing of goods from an estate so there are limited quantities of the original pieces.

People who have followed my work for a while know that a few years back I had a catastrophic business failure that also turns out to be the defining moment in my Christian walk.  I had been set up in an attempted securities fraud and while the legal and other professionals on my team at the time were advising me to complete the transaction that clearly had a lot of questions to be answered, the core structure still seemed salvageable.  I had a physical intervention by the Holy Spirit and was prevented from signing the last documents that it turns out could have potentially landed me in jail.  The illegal activity and pre-meditated aspects of the transaction took 14 months to uncover though, and in the meantime, there was a backlash from people who were expecting to receive a significant return on their investment in the project.

The overall process was a death of a lot of dreams, relationships, and work. A physical death or divorce would be the closest comparison so if you’ve experienced any of these life events you know they are painful and take some time to heal.  In the meantime, a death or divorce, or catastrophic failure will always leave behind something of value.

Imagine if you had a basement of antiques after dear relative died.  You know they’re there and they have value, but they also remind you of the loss so they bring up painful memories when you think about them.  As time goes by, the loss begins to heal and your memories can even bring smiles to your face as you remember the good times.  One day, you find yourself having a conversation with someone about the valuables stored in your basement and they ask to see them.  You enter the dark room where these things are stored and dust off some near the front to reveal some attractive colours and unique treasures.  As you continue to show your friend the items, you realize there were some things there you had forgotten about, and even discover that many of the items could be useful and add value to your life today.

Thus, is the situation with the volumes of course, articles, tips, tools and other things I have stored away from the collapse of my business.  Some of you might remember how on a couple of occasions I tried to sell the package of content for repurposing, and instead ended up licensing various components to financial professionals who were able to assimilate the information into their own branding, client service and marketing efforts.  The old business model, combined with some of what was done to package content during this attempted ‘sell-off’, as well as new developments in the industry and world or marketing – as well as my own healing process, are what’s prompting this offer today.

Many people however, don’t know that I have this material that could be available to provide them with a huge advantage in their financial businesses – mostly because I haven’t told them. 

Another area of forgotten value is my years of teaching the financial curriculum for advisors.  I taught the Canadian Securities Course, the Life Insurance Licensing Courses (LLQP) and all the Certified Financial Planning curriculum in addition to writing my own course content.  I had courses delivered at 2 colleges, a credit union, and provided a lot of content for the BC Securities and Canadian Regulatory Bodies.

What I hear over and over again with financial professionals is the impact of increasing regulation on their ability to differentiate themselves in the marketplace and provide valuable content for marketing and client service as their time is under such pressure as a result of industry changes.

I get this!  I really do!  And I have a lot of value to help you in this area!

I have content for websites and social media marketing and client newsletters that is compliance friendly and ready to be used as is, or to easily personalize.

I also have expertise in teaching, consulting, and coaching for wealth creation and marketing.  My business was an online distribution company for financial literacy and in the process of navigating the aftermath of the business collapse, I hadn’t actually stopped to recognize the value of that knowledge for financial professionals, coaches and other information advisors.

Over the next few weeks, I will be working to develop an online infrastructure to make this content and my coaching and consulting services more readily available.  But, I’m offering my current followers a pre-delivery, personal invitation to access this material and my personal support at a reduced rate, and with more value before the opportunity becomes widely available.

If you’re doing any kind of online marketing or information delivery;

If you’re interested in offering any kind of client financial literacy seminars or courses; and

If you’re looking for any financial services marketing coaching, training and consulting, we need to talk asap.

You can email me at sam@sampiercy.com or call me at 250-592-0457 (pacific time) right away and we’ll take it from there!!  I look forward to dusting off these valuable pieces and to sharing them and so much more with you!

Abundant blessings,

Sam

When Things Don’t Go As You Expected

Results and Expectations ConceptIn finance, business, and in life one thing we can be assured of is experiencing disappointment at least once in our life. It might be as simple as a cancelation of a social activity you were looking forward to because of weather, to something as strong as a deal collapsing on a property you were sure was your dream home.

Not holding on to disappointments by moving forward is a key to successfully persevering through many of life’s trials. If you make an investment, expecting it to provide a healthy positive return and instead it drops in value, you have a choice to hold on to the investment and hope it comes back, or to take your loss and move on to something else. If you choose to hold on to the disappointment, you are being passive with your circumstances. Taking action will reinforce confidence and provide you with opportunities you wouldn’t know existed if you didn’t move on.

For many months last year you heard me offering my MoneyMinding portfolio of personal finance content and materials for sale or license. Several people took advantage of the opportunity and are experiencing the benefits today. Unfortunately, the ‘one only’ final sale has fallen apart so I find myself with a choice: stand by passively and wait for the person on the other end to follow through, or move on. I choose progress!

I have a very unique and valuable opportunity for someone who works in some area of finance to have their own instant library of materials for marketing (both online and offline), for courses and seminars and other trainings, for publication, for re-branding, and ultimately for additional income for your primary business as well as direct sales from the rebranded, re-published information.

I can provide you with:

  • Your own published book(s) and/or ebook(s) in a few short weeks
  • Over a year’s worth of unique social media and website content
  • A few years worth of personal finance articles for newsletters and / or a collection of topics for multiple opportunities
  • Workshop and seminar content on a whole range of personal finance topics
  • A few courses suitable for sale or delivery through continuing education
  • Sales and marketing materials including content for radio and print syndication.
  • Trademarks, copyright, URL’s and other infrastructure for you to immediately implement a unique, information revenue stream into your business.

This is a one-only, best-offer opportunity. Call me at 250-592-0457 today if you’re interested!

How to Decide WHEN Regarding Setting Financial Goals?

In order for goals to be achieved they have to be able to be measured. When you set a fitness goal, for example, you wouldn’t say, “I want to be in better shape” because the term ‘better’ is subjective and not measurable. Instead you would say something like, “my goal is to weigh xx pounds, with xx percent body fat, and be able to run xx distance in xx time or less by xx date. When you fill in the ‘xx’s’ you have something concrete and measurable to work towards and a way of keeping score. If by the date you set, those specific targets have been met, then you will have reached your goal to be in better shape. This works because you determine what the ‘rules of the game’ are and how the game is won. This means that you will also be the one who will keep score during the time between setting the goal and the date you determine the game to be over.

Once you fill in any one of the measurable results that will ultimately determine whether you have reached your initial subjective goal of being in better shape, you start creating the foundation which will help you build towards the realization of your goal. Your initial idea starts to take shape as you get more specific on what the concept of ‘getting into shape’ actually looks like.

This is exactly what happens with money. The initial idea for most people is that they want to be able to live a life unencumbered by money. They don’t want to be inhibited in any way because of a lack of money to follow through on their desires. In actual fact, what they’re saying is that they don’t want to be limited in any way because of a ‘perceived’ lack of money. I say ‘perceived’ because until you know exactly how much money you’re looking for and when you require it by, the overall concept of more money starts will continue as a subjective idea.

Typically what people are after with this subjective concept of ‘more money’ is a sense of financial freedom. Financial freedom will be very different for everyone though. This is why it’s so important to start determining in dollars and cents what the criteria are for measuring what financial freedom is for you. My dollar figure will be different than your dollar figure because we have different values, beliefs, goals, and life circumstances. The strategy of measuring the different aspects of your goal is the same for everyone because this is how you determine what the rules of your game and how you play the game (the activities and income creating strategies you’ll apply), ultimately how you keep score and whether you win or keep playing.

In finance, the ultimate goal is financial independence, not just financial freedom. Financial freedom can actually be experienced at any time regardless of your financial circumstances because it’s essentially a state of mind. Financial independence, on the other hand, is specific and measurable because it’s the situation where your passive income exceeds the amount of your monthly expenses.

Passive income is of course, different than active income. With active income you are using your time in order to generate income to support your lifestyle. As you plan and implement your financial plans your objective in ‘playing the financial game’ is to use your active income to create assets which create passive income which enable you to create more assets which create more passive income etc. Passive income with eventually be generated from your assets in an amount that exceeds your lifestyle expenses.

This means that you have to know what your monthly expenses will be when you’re not actively earning income. The concept means you start by understanding exactly how much money you’re going to spend each month. This is not a subjective concept about living a sort of ‘magazine; lifestyle. How much exactly will it take for you to live whatever income you truly see living for yourself. In order to establish this you’ll have to do some research and develop some skills in order to be able to take a capital expense (a purchase such as a house or furnishings or car or clothing, etc) and turn it into a monthly income figure. When you do this you are now thinking financially, rather than subjectively or with simple math.

Financial math includes the factor of time. Simple math on the other hand, is not as dynamic and tends to involve only basic formulas for addition, subtraction, multiplication and division and percentages. The missing component necessary to take you subjective idea and be able to turn it into something that is measurable and manageable is time. This means that if you are starting today and you have defined the monthly passive income objective specifically, then you have to know ‘when’ you plan to have that income in order to discover and implement appropriate activities necessary to ‘win the game’.

In fitness sometimes there are calendar dates which assist in setting goals. Often these are personal such as birthdays, anniversaries, or special events. In fitness, if you plan to attend an organized event then dates are pre-determined. You just have to make sure you allow a reasonable amount of time for training. Without a specific date you might still get in better shape, but your activities are less likely to be as focused so reaching your target can happen whenever.

Because setting goals creates a gap between where you are and where you want be, this is why people find it easier to simply talk about goals from a subjective perspective if at all. Then if they do start to test the waters of goal setting they are cautious to make sure that what they’re doing is ‘realistic’. What this means is they’re afraid of being disappointed so they attempt to reduce the size of the goal to make it seem more likely. This can be a good strategy, however, it can also be limiting.

In my experience, the concept of setting a dollar goal is significant enough to cause stress enough that people don’t bother following through, so the idea of putting a date on their goal which provides the key to the overall strategy and therefore overall success is simply ignored or treated with the same subjective manner as the initial concept of ‘more money’ and ‘financial freedom’.
So how do you determine an appropriate date for the realization of your financial goals? The ‘easy way’ and ‘quick fix’ with a lump sum of money isn’t the answer since you’re looking for measurable activities you can do in order to create assets which create income – not windfalls. If along the way you happen to receive a windfall then consider it a bonus point. Your primary focus is to us your skills and expertise and all your resources in order to create passive income in an amount necessary to pay for your personal lifestyle expenses.

The following are some specific questions you can ask yourself to help you determine when your ideal monthly passive income budget will be reached:

1. Are there any life events that make a transition in your life such as getting married, having kids, kid graduating from school, turning 30, 40, 50, 60, 70, etc…

2. Are there any significant priorities or causes that need your time that you’re not able to devote the time you’d like to today because of financial constraints? How important are these issues to you? It’s one thing to say that something is really important to you and another thing entirely to be confident enough to follow through with the necessary activities. How much time on a daily, weekly, or monthly basis do you have to commit to implementing a strategy to create passive income for yourself without it interfering with your current priorities?

3. Is there anything in your life today that could create an obstacle to change that has to be dealt with first? Examples could be work or family commitments that have to be streamlined in order for you to have some more time and energy before being able to invest a significant amount of time into developing anything new. If there is then when will you be able to make the change to create the time and space to develop new projects and systems? Or, what has to happen before you will be able to dedicate any significant time towards anything new?

4. Are these ‘real obstacles’ or are they feelings of obligation or something you would feel guilty if you didn’t do?

5. Is there some amount of time in your schedule that you could devote to something different, but you’re hesitant because you’re afraid of not following through even with a little bit of energy directed towards change?

6. If you knew for certain that your income plans would succeed exactly as expected, and all you had to do was come up with the plan, then what date would you set for your goal to be realized?

7. Can your plans be multiplied? For example, if you would like to achieve the $5000 in passive monthly income in 2 years instead of 10, then could you identify an income producing project that provided you with the initial $100 then duplicate then seek to duplicate that effort through multiplication? For example, If you were able to set up a system to create recurring orders for a product you were marketing, could you do this for 5 products within that year? Or, what if you developed a strategy to invest in positive cash flow producing real estate and each property provided you with $100 per month in positive cash flow. If you wanted to accelerate your results, then your question would be, ‘how can you duplicate your effort’? The simple answer to the real estate example could be to purchase multi-unit buildings.

There are certainly other possibilities, the point is that it is the combination of all these personal things that come together to determine your plan: values, priorities, causes, desires, interests, money goal and TIME to fund your desired lifestyle. The plan and activities to bring it into reality is developed based on all these criteria.

The significant information that you need first is what your monthly income target is and what is the date you intend to have accomplished your goal? These 2 pieces of information are required before you can select the activities, not the other way around. Sorry, it just isn’t as effective. Our job is to do what we can with our goals set in stone and the plans in sand. This way, quite honestly, you have set up a foundation to connect God, money and real life so God can do what you can’t. It all just takes a shift in thinking, and certainly requires a commitment, to follow through regardless of delays, disappointments and uncertainties. But ultimately it’s your life. If you’re not willing to commit to following through, then that’s ok: just make sure you recognize that you’re playing a different game and don’t ‘try’ to win a game you’re not prepared to fully play. You don’t have to have all the specific plans mapped out as long as you know how the game is won; in finance that means the time and the money. The rest will fall into place as you pursue the activities taking you in that direction.

PS – There is also an expanded version of this article in the MoneyMinding mVillage online resource.  You can access this resource by registering for access to mVillage here.

(c) 2013 Tracy Piercy, CFP.  If you like this information and are interested in reprint information for your business please call me at 250-592-0457 (pacific)

What can you do with $10 in 10 days?

Greetings,

What can you do with $10 in 10 days? I just discovered I can write an entire book. A 52,000 word manuscript was started last Thursday and delivered today as a submission for a publishing contest with www.wordalivepress.ca . If you want to find out how you can start with $10 to create an infrastructure for ongoing and sustainable income then let me ask you what you’re doing for the next 3 months?

If you’d like to find out what and how you can create immediate and ongoing income within the context of a solid financial foundation for yourself over the next 3 months then let me invite you to join me starting the first week of July for the first ever Power Money Course.

In the last 3 months I’ve set up a website and ecommerce platform and have started working with 10 Project M Leaders and Participants on the development of their income projects and on the development of Project M to reach a wider audience. What would you like to establish for yourself as a foundation for creating income?

I’m getting ready to launch the first ever Power Money program to run this summer. In the 3 months from July to September I’ll share all the specific information, strategies and plans for you to develop your own income plans starting with $10.

The Power Money course covers the entire Project M blueprint. Project M is the year long program to start with $10 and double it each month so that over the year your income target is over $40,000. The course provides training on:
· Developing a wealthy mindset,
· Implementing solid money management skills, and
· Creating sustainable income.

Here’s how you can get involved:
1. Take the Power Money Course. The first session is 50% off what it will be this . The program starts the first week of July so don’t wait! All the sessions are recorded so you won’t miss anything if you’ve already got summer vacations planned AND you’ll have everything you need to implement your own Project M blueprint. Plus, you’ll get personal attention from myself and the Project M Leader Apprentices! An amazing value!

For this introductory program the group size will be limited so it will be just right for support as well as masterminding and networking with other like-minded people.

Information and registration for Power Money here.

2. Join me and the other special group of Project M Leader Apprentices and Participants to fully implement a Project M into your own life this year! If you’re a financial professional, life or business coach who works with people and their money, being able to integrate the Project M and Power Money courses into your practice will give you a unique program to offer your clients!

I have room for 2 people only for this one time only opportunity. One time only, because as you can tell Project M and the various components are being developed for distribution on a larger scale. Participants and Leader Apprentices are invited to share in the rewards from the development on an ongoing basis. This program is unique, it’s powerful, it’s not theory, and it’s not linked to any specific investments or businesses. AND until July 1st ONLY 2 more people have the opportunity to participate in the development and have the additional opportunity to earn ongoing royalties for their participation!

Email or call me directly about this special opportunity – just don’t wait because its summer! We can work around summer holiday’s and busy schedules, July 1st is the last opportunity to participate in ongoing potential royalties from development though!

3. Help Support the MoneyMinding Foundaton and Increasing Financial Capacity by becoming a $10 member. When you do, you get access to mVillage which give you among other things, The Death by Money Report introducing the concepts and this powerful blueprint for creating income for today and tomorrow, all within the context of a solid financial foundation.

Information and registration for mVillage here.

Blessings,
Tracy

PS – There is so much to share in the weeks ahead. If you follow me on social media you’ll be first to know and have early bird opportunities for and upcoming contest and new program!!

How to Create Unlimited Income Starting with $10

This FREE Webinar was / is available now through The MoneyMinding Foundation.  There was a huge response which really isn’t a huge surprise given the message so incase you missed it – you can access the recording here.  Below is the information on the event that I promise is packed with information and isn’t just a gimmick to get you sign up for some investment or business strategy.

____________________________________________________________

Waaaayyy too many people don’t even take the first step because they simply don’t believe. They don’t have faith. They just can’t see how it’s even possible, so they immediately dismiss the whole idea as a scam, or deceitful tact attempting to then swoop in with some sort ‘get rich quick’ scheme. They say things like, ‘what’s the catch?’ and assume there must be a product or business strategy going to be pitched.

UUGGHH! Yes, there is wayyy too much of that and for too many years people have got their hopes up only to be disappointed so now they’re jaded. Honestly, this is Tracy speaking from her heart here, “I have been so badly burned and disappointed myself over the years, that the saddest part of what I do is to listen to the naysayers who are looking for something different and are just too tired, stressed, or beat up to keep looking.

Unlimited Income is a FREE webinar. I promise you it won’t try to sneak anything funny into the process. This program is designed to give you an introduction to the question that everyone wants to have answered, “how can I do that?”. It’s your perfect opportunity to find out more about the paradigm shift that MoneyMinding presents in personal finance, AND, what that means to you – today.

My intention is to provide valuable information that you can act on immediately if you want. I’d also like to invite you take further steps in your new money journey and this event will help you figure out where and how to begin.

Click here for dates, times, and / or recordings to register!

Looking forward to sharing the ‘how’ with you!!

Write a New Money Story

Nobody likes to talk about money except financial professionals who do it for a living.  Even then they will talk with their clients about their money, and they’ll discuss the markets and different money strategies, but they will rarely discuss their own finances.

Money is a extremely personal and intimidating subject regardless of whether you have millions or minimums.  Because of this everyone is left to make up their own rules through trial and error and ad hoc learning.  (or maybe this is why it’s so intimidating, but that’s a chicken and egg story to explore later).

The ‘shoulds’ and ‘should nots’ about how to manage money are adopted over time and become our beliefs from which we make our money decisions.  But are these beliefs really serving us?  The problem is that once you have a belief about money you will hold onto it and are unlikely to question that underlying belief.  This means that you’ll make your financial decisions in line with your core beliefs – which have been adopted over time by ad hoc learning and trial and error – and may or may not be serving you.

A great example of this is the commonly expressed idea that all you have to do is ‘live within your means’.  Or said another way, ‘all you have to do is ‘spend less than you earn’.  But a subtle shift in perspective will accomplish the same thing in a way that actually increases your capacity with money, rather than reinforcing fear, scarcity and dependency.  This shift is ‘all you have to do is earn more than you spend’.

It’s only when you are faced with a significant financial situation that you’re likely even be open to new ideas that challenge your beliefs.  But, given the current economic climate it seems that people who have been intimidated to ask questions or to look at alternative views to solve their money issues are going to have to shift their beliefs quickly if they’re going to be able to navigate the changes on the horizon.

As we start the New Year, here are a two key financial areas that will challenge the conventional view of money.  These concepts are necessary to help create a paradigm shift in your thinking which will ultimately affect your plans and your results:

1.  Debt.  ‘Get out of debt’ teaching will sabotage our society; plus reinforce scarcity, inferiority and guilt.  The reason anyone wants to get out of debt is to use their money more effectively and ultimately so they have more money to spend and invest to create more wealth which creates more income which gives them more money to spend and so on and so on.

The goal is to have money to spend.  And spending money fuels the economy which is good for everyone.  This doesn’t mean that everyone should keep their unproductive debt or spend frivolously.  It means that to do a complete debt evaluation and create a debt management system, you have to develop a strategy to manage the current situation, then create income to fuel your lifestyle, and finally find out how to use this powerful tool called credit effectively to enhance your wealth.

Re-write ‘get out of debt’ and substitute it with ‘earn more income to support my lifestyle’.

2.  Retirement.  The concept of retirement is almost impossible today.  The idea of working then not working and living off your pension and your savings has only appeared to have worked for one generation throughout history:   the generation immediately following World War II.  It is virtually impossible to save enough to support your pre-working lifestyle in today’s economy.  And even if you do manage to do it, you will spend your working life wondering if you’ve saved enough and if you’re getting a good enough return on your money.  Then when you stop work you’ll be concerned with not losing what you have, or not having enough so that anyway you look at it, the concept of retirement in the conventional view is going to cause you to have financial stress.

The real plan is to become financially independent so you have enough income to support your lifestyle, whatever that might be.  This may or may not come from savings and in all likelihood is best to come from several different sources.

Re-write ‘retirement’ as ‘financial independence’ and start learning about ways to earn sustainable income outside of your job.

The biggest challenge you will find is that the commonly accepted language and strategies will all revolve around these 2 primary, seemingly sound, financial activities.  Financial professionals are trained to help their clients make investment and lending decisions and their products and services are primarily debt and investment products that are not about helping create sustainable income for life.  They can help you with income products once you have some money, but the fuel for your entire financial plan as well as for your life requires you to be able to create income that will fuel your lifestyle without you having to work 40+ hours a week until you die.  When you can take this approach your discussions with your financial advisors will open possibilities for different products and services and strategies where flexibility is important and rate of return is less important.

This means, that you will be a minority, but statistically speaking the minority is the group that ultimately has the wealth J  Happy Writing!

PS – There’s a ‘makeover’ underway at MoneyMinding.  Make sure you subscribe at www.moneyminding.com to get the new ‘Triumph Over Money’ report, and the be the first to hear about the MoneyMinding Makeover with mVillage special for only $10/month, or $100 a year!

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

Dressing for Success Means Planning for Success

I delight greatly in the LORD; my soul rejoices in my God. For he has clothed me with garments of salvation and arrayed me in a robe of his righteousness, as a bridegroom adorns his head like a priest, and as a bride adorns herself with her jewels.Isaiah 61:10

There are many references to clothing in the bible. Also, many references to His protection, confidence, wisdom, blessings, and love are illustrated using clothing as examples.  So, while I’m not a bible scholar, I am an expert in financial education that enhances financial capacity and … I’m a woman who likes nice clothes and who loves God which gives me some insight into this sensitive and controversial topic.

I’m not naive enough to say that God wants us to dress nicely and all have nice clothes, but I do have some expertise in financial matters as it relates to our outward appearance and our financial well-being.

When a bride and groom are married, they become one in the eyes of the Lord (and the world).  The Lord blesses their union as he blesses ‘his children’.  I will add that in all my years of experience working with people and their money, the issue of spending money on clothing is likely one of the most sensitive subjects because it gets right to the heart of our faith and financial insecurities.

Spending money on clothing for yourself for many people seems like a selfish act, yet look at the benefits:  you feel more confident in presenting yourself to the world which enables you to excel in your area of work or service, and economically you are supporting a business and the life of the employee or owner who works at the business.

If you feel guilty or selfish or irresponsible when you purchase clothing and dress yourself in the morning you are not clothing yourself in the ‘garments of salvation or robes of righteousness’.  In our society we are required to dress appropriately for the type of work or service we perform.  This requires some planning and management in order to present yourself in a way that is congruent with your work and who you are as a person (who God says you are), and for the work God wants you to do.

If you can step outside the emotional connection clothing has to your life and look at it as a necessary tool for your life, you will then understand that God is involved in the details of your wardrobe.  He tells us not to worry about what we wear (Matthew 6:25) because if we do, He’s not our top priority.  This doesn’t mean to let yourself go and to ‘schlep’ around thinking that somehow you are more ‘godly’.  We are all living at this particular time in history because God has a plan for us.  This means, we should take heed to his prompting and plan our lives with Him at the centre – including how we spend our money on our clothing that presents us to the world where we do His work.

If God has given you an inspiration and a purpose, or has placed you somewhere to do some work or perform some service, then your obligation is to trust him to provide for you all the necessary tools for you to do that work, including money for appropriate clothing.  And in order to assist this process you have to accept that clothes are an essential item in our culture today so you have to know how much money you need to spend to provide you with the appropriate garments to do the work God wants you to do.  This means preparing a cash flow forecast that includes a line item for clothing and to being prudent with your purchases.  When you do this prayerfully, the Holy Spirit will more easily assist you with your shopping and daily ‘dressing’ routines because you are living your life dependent on the Lord, and congruently with your priorities, your roles, your values and your finances – and when the Lord has inspired your work, and you are trusting him, and putting appropriate systems in place to manage the resources He’s provided you with, then it’s also much easier and more likely that you will realize a larger provision and more resources to continue to do more good work, requiring more provisions, etc. etc.