There is something interesting I have noticed recently. It seems like no matter how much money I earn, there’s nothing left at the end. We’re going to explore what’s going on financially, why it matters, how that relates to you and what can be done about it. It seems to be a problem that a considerable number of people actively improving their lives are experiencing.
One of my coaches, Eiji Morishita, got me to realize that I’m outspending whatever income I have. Since increasing the income only amplifies whatever financial pattern in place, an increase in income can actually lead to higher debts! He learnt this the hard way, and I’m grateful that he shared it with me. I just have to acknowledge when something isn’t going right. If I’m outspending $6k a month, I could see myself in the future outspending $100k a year or even a 7-figure yearly income, which many people actually do. When you have extra income, you can always get a new high-end training program to increase your income, get a new home, a new car, new equipment, take another trip, and outspend whatever income you have and even increase your debts. Most of my money has been going towards paying off past commitments hoping to earn future income, which is not a healthy relationship to money, at least not long-term.
He told me, my next step is not to get more high-end training to increase my income. My next step is to build financial stability. This would allow me to attract people who have financial stability and have money to invest, instead of just attracting people who spend money they don’t have hoping to make it back. This really makes a lot of sense… and after studying from several of the top business and money coaches in the industry, nobody ever mentioned that! I had a goal of reaching a stable income of over $10k per month, and I was shocked to realize that financial stability was not even in my list of objectives!
I just moved to Playa del Carmen in Mexico. The truth is that I can life a dream lifestyle, grow my business and gradually pay my debts with my current income level. All I have to do is to change the way I spend my time and money.
When it comes to your relationship with money, there are two parts to it. There is your relationship with your money coming in, and your relationship with your money going out. Developing a healthy relationship with your income usually requires considerable investments and there’s nothing wrong to go in debts for that. There is a principle of wealth that says you should live below your means, and here the idea is to invest to increase your means. Once you start having a considerable income, you also have to improve your relationship with the money going out. It doesn’t mean paying back all your debts at once, but it does mean managing your money to live within your means and building a stable foundation. Most likely the lifestyle you desire at your first level of success doesn’t cost that much and you can already live it at that level instead of working full-time to catch up with your expenses. At this stage, the idea is to shift from outspending your income to outearning your expenses. From there, you can afford to get into higher level of investments from a solid ground without compromising your lifestyle. Here’s a secret. This shift won’t happen just by changing the way you manage your thoughts. Something has to shift deep within you.
What is your next step in terms of improving your relationship with money? I would love to hear from you so post a comment with your next step below.
Etienne Charland, Emergence Guardian
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#1 by José Manuel on October 16, 2013 - 7:52 pm
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Hi Etienne. For me, reading the book “Rich Dad, Poor Dad” by Robert Kiyosaki, really opened my mind about the proper use of money. It was one of the books recommended by Kevin Trudeau, it’s quite short and I really encourage you to read it.
Right now, I’m looking for ways to build passive income from something that works for me and doesn’t feel as too hard work for me. I’ve been receiving training and education but I’m missing details as to the what exactly to build.
#2 by Jared 2013 on October 17, 2013 - 4:53 am
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Terve Etienne!
Breaking the Parkinson´s Law…
In the book Secrets of the Millionaire Mind
H.Eker talks about several hindrances to
financial stability and growth.
My latest interest is in the statement that there
is no unconscious / subconscious mind. This
belief in the subconscious mind may very well
be one of “unquestioned convictions.”
#3 by Etienne Charland on October 17, 2013 - 9:13 am
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Unconscious and subconscious mind are slightly different things.
All information and all knowledge in the Universe is available at any point, yet I don’t know anyone who is 100% conscious of everything. Thus, everybody has an unconscious mind to some (high) degree.
As for the subconscious, it refers either to your fears and blockages or to the greater energy field and mind faculties that connect the whole Universe together. Both of these are very real.
There are very few people out there who have integrated the secular wealth principles with the spiritual and energy principles in a way that works; or have only done it partially. Most of those who have earned fortunes have done it by stripping away their spiritual alignment in order to just do what works to make money. That’s what Eker and most other money coaches have done.
For example, I was listening to a call from David Neagle recently where he mentioned that the whole concept of spiritual alignment, and that if you align with life, life aligns with you, is a fake concept. His argument is that since spirituality is inclusive of everything, nothing can be out of alignment with the Universe. Yet, I know many people who behave out of fear and social conditioning and that’s definitely out of alignment with love and their higher purpose.
Here’s the truth. Adding spiritual alignment into the equation makes it harder at first to earn income because it limits the range of possibilities as to how you can earn money. On the other hand, it also gives you much much traction and power to lead something bigger and follow through on it.
With the spiritual movement growing by 300% every year, and with the realities colliding, there now a wave of “secularism as a religion” as a way for the old reality to defend itself. It’s just a phase we’re going through.
#4 by Jared 2013 on October 18, 2013 - 5:37 am
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For more spiritual and value centered marketing,
there is a principle called Marketing 3.0, a decent
book from P.Kotler
The wealth of the world is now in a pyramid shape,
with lots of people in the bottom eschelon.
The ideal wealth distribution would look something
like a diamond.
#5 by Etienne Charland on October 18, 2013 - 10:23 am
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That’s a great ideology. The reason the rich are getting richer and the poor are getting poorer is because people are creating their realities faster than ever before. Just something to consider. You can’t make a person living in a lack and scarcity mentality wealthy, that person has to change his mindset first. Each person has their own path of evolution, and you can’t fix everybody. You can only create your reality and help those around you who are ready for help.