Money just naturally flows toward those
who have the consciousness to keep it
and away from those who do not.
--Darel RutherfordIf you are not rich, your relationship to money is keeping your poor.
Your relationship to money is expressed in three ways:
- Your prosperity consciousness or lack of it.
- Your spending habits
- Your earning strategy
A prosperity consciousness can be defined as feeling prosperous when you think about your relationship to money
Your spending habits: An insatiable need for instant gratification will usually end up in a negative cash flow, and the resulting poverty consciousness will keep you in debt and poor. On the other hand, spending less than you make creates a positive cash flow, resulting in a prosperity consciousness that will make you rich.
Your earning strategy: Almost no one becomes wealthy from their trading-hours-for-dollars linear income. Your true path to wealth will be in developing multiple streams of residual income.
...Hours for $ or ...Residual Income
...Your Earning StrategyTo feel prosperous in a way that has you attracting money, you will need to establish a positive cash flow by spending less than you make. In order to manage your cash flow you'll need to understand the laws of money. For instance, The Spender's Law of Money rules that:
Your expenses will always rise to meet the level of your income,
until you rebel against your addiction to spending.In this chapter, you'll learn the best way to take charge of your spending habits. I'll be showing you how your current earning strategy could be keeping you poorer than you want to be. And, I'll be offering suggestions for changing your earning strategy.
Once you are fully in charge of all three of the ways you relate to money, you should be well on your way to becoming wealthy.
