ownership

The Wealthy You! – OFFENSE; View yourself as one of the most valuable things to exist in society; you are more valuable than diamond rings, million dollar sports cars and billion dollar sports franchises. Besides, someone has to own all those assets, why not you?

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We, as people, tend to see objects and will immediately put a value on it/them. Sometimes it is a numerical or monetary value i.e. diamond rings. Other times it can be an intangible amount, but valuable nonetheless i.e. the love you have for your spouse or someone else (the value of intangible can be more valuable than monetary value). Of course, everyone is an individual and will have their own motivations for emphasizing value for something. But we all do it. It has happened ever since the very beginning, and there is no reason that it will end tomorrow or anytime soon. Humans placing value on things and objects will happen until humans don’t exist anymore. Knowing this about having the ability to place value, there are individuals who diminish the value in themselves. They do this by negative self-talk: “my life sucks”, “I am so screwed”, “bad always happens to me”, “this is just my luck”, “I always get the short stick”, “I’m trying to find myself still”. These are quick and simple sayings that individuals will say to themselves, either out loud or under their breath, literally every day. Every day they are telling themselves these negative words of affirmations. When something is repeated consistently to a human mind, the human mind will begin to realize it as a reality. Your world is built and destroyed by your tongue. The more these negative words are repeated, the more the world will start to see those negative words about you too. This also applies to the opposite of negative. The more an individual can do positive self-talk like; “my life is awesome”, “I am setup for success”, “I am surrounded by good and love”, “I manufacture good luck in my life”, “I have found myself and this is what I do to validate myself”. The more these positive affirmations are repeated, the more the world will start to see those positive words about you too. Your world is built and destroyed by your tongue.

Rubies, emeralds, diamonds, money and value are all around us and they are quite shiny too. But they are literally all around us, even in some of the smallest cities you can find a jewelry store that will sell you as many rubies, emeralds, diamonds and other jewelry as possible. They can even give you a credit card application so you can spend someone else’s money immediately on jewelry and then pay that person (bank/lender) back over time. Even pawn stores throughout America have jewelry on sale. But it is all value that must be owned by someone. And this value also includes homes, businesses, real estate, vehicles, sports franchises and anything else that can be owned by someone or a group of people. Ownership is taking responsibility of the thing that is being owned, if no one was allowed to own anything personally or privately, then who is taking responsibility of the homes people live in and the businesses that provide a product or service that people need? If it isn’t you that owns these things, then the government will have to take responsibility of everything and all assets in the nation. This is called socialism. The Wealthy You! is you taking responsibility of the assets you desire and owning them. If it is your own house, this means that all the doors and windows close and lock, there are no holes in the roof or walls, and all equipment and appliances work without issue, to make it become a fully functioning house. If it is a business that you own, then that business needs to produce its product or service in a reliable, consistent and price efficient way for the people that you serve (businesses of all sizes, from the smallest one-person shop to the largest corporations that employ hundreds of thousands of employees, all take part in the production and distribution of all resources that are used by you and I every day). The Wealthy You! is you taking your business(s) to the next level and owning your business not for yourself, but for your customers. You will then find more customers trading in more of their money on an increasingly frequent basis at your business(s). This means more money flowing through your hands (bank account) that you can use to continue growing your business (growth comes from God). But none of this will happen until your customers see an increase in service coming from you first. That is always the case; service first, then you get paid or see the valuation increase in your business. It is the same with a paycheck, work first and then you get paid.  See yourself as the most valuable thing in your life, then let your hands do the physical work that your mind sees for yourself to realize that reality.  You are worth more than rubies, emeralds, and diamonds and you will shine brighter than those shiny stones too. 

Why do I keep talking about businesses? Not everyone owns a business, this is true. But everyone does have a busyness that keeps them busy and productive which gives a feeling of satisfaction, completion and contribution. This could mean staying at home, cleaning the house and walking the dogs everyday while your spouse goes off to work. This is busyness that is productive for the house and your family. When it comes to busyness outside of the house that you do for others, legal entities exist that will help you manage resources, hire employees, produce your goods/services, and distribute them to retail outlets of your choosing. The U.S. Government refers to these legal entities as corporations, businesses, companies, proprietorships and partnerships. The Wealthy You! has you using these laws to your advantage so that you can share your product and ideas with the world. You will then find people around the world trading in their money for your product, literally all the time.

I know you can do this because human beings are the most creative force and power in the entire physical Universe (prove me wrong), armed with the most capable thinking device the Universe has ever experienced, the human mind; coupled with time and a near infinite amount of resources available for you to use. You can do whatever and however you want, just be as detailed as possible instead of generalizing and focus your mind power on it every day. Your mind will produce more of what you focus it on. Make the decision, take ownership of your life, time and production, and focus your mind on what you desire.

Next on The Wealthy You! – OFFENSE; Wants versus needs.

Become The Wealthy You!

The Wealthy You! – DEFENSE. Acquisition of defensive-minded assets.

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This week on The Wealthy You!; Acquisition of defensive-minded assets.

Generally speaking in the world of financial literacy, there is a concept of assets and liabilities. Assets are things that puts money in your pocket or bank account and liabilities are things that take money out of your pocket or bank account. Both are very important and both are needed in ones life. However, acquiring too many liabilities can risk putting poverty in your life. And having just assets with no or little liabilities can lower ones quality of life as well. For example, a household of four, husband and wife with two kids. The husband and wife both work and bring an income for the household, so they become assets for the household. With that income they pay the mortgage and the other bills, buy food and purchase all the things their children would need for school and other pursuits. The money begins to disappear as soon as they earn it. The things that make your money disappear are liabilities, but it isn’t a waste of money because you get something in exchange for it (money is a medium of exchange). Think about heat in the winter, AC in the summer, transportation to get to work, school, the store and anywhere else you want to go. Vacations. Entertainment. They all take money out of your bank account, that is what liabilities do, but you get to enjoy life. All of that would be impossible though without you first becoming a valuable asset for your household. The purpose of this post is to talk about defensive-minded assets.

Defensive-minded assets will help protect your household from your money being eroded by inflation and by getting you in the habit of paying yourself first before you pay your other bills, at least 10%. Defense means using the income you get from a single job to become wealthier and more valuable (Offense will be going from a single income from a job to building and owning your own billion dollar business). This means paying on a mortgage and owning a home versus paying rent for an apartment. After 20 years of paying a mortgage, you get some money back when you sell. Renting the same place for 20 years will get you nothing when the lease ends and you move out. Not even a security deposit, typically. Wealth is about the ownership of assets, when you rent you own nothing. Renting has a purpose for transient folks who plan on moving about every 1-3 or 4 years. Home ownership is more of a long-term play and strategy.

For those who do rent an apartment, the purchase of stocks, bonds, gold and other assets that appreciate over time can be more appropriate. Stocks tend to rise when interest rates are low. As interest rates rise, stocks tend to not rise as much. Interest rates are raised to help fight inflation. The higher inflation goes, the higher the interest rates will need to be. U.S. Treasuries (bonds) are viewed as some of the safest assets in the world. When there is a crisis somewhere in the world or an economic crash of some sorts, people flock to U.S. Treasuries. They are notoriously stable, with minimal wild swings in its price. Purchasing U.S. Treasuries alone, as a way to pay you first with every paycheck, can be a decent strategy for The Wealthy You!-DEFENSE. They also pay a dividend each month, the more bonds you own the higher the dividend. Stocks can be similar, but tends to lean more towards The Wealthy You!-Offense, they follow a completely different road. Speak with a financial advisor to learn more.

Gold and real estate are other defensive-minded assets. There is a website called www.jmbullion.com, where you can purchase gold, silver, platinum and other types of metals. You can get coins and bars from around the world, gold notes, and jewelry. There are gold currency notes that contain 1/1000th to 1/20th Troy oz of pure gold that start at about $3.50 and goes to about $175. And they have 1 oz gold bars that are $2,000. The price of gold is always changing, which means the price of their gold is always changing. Check often and maybe you might find something interesting. Purchasing gold jewelry from a local jewelry store is another way of acquiring gold. Owning real estate instead of paying rent is another strategy of The Wealthy You!-DEFENSE. A portion of each payment you make goes to your house, which you own. That doesn’t happen with renting.

Having your own place to live and rest your head each night, purchasing bonds or U.S. Treasuries, and purchasing gold and other metals, combined with each of your paychecks will help protect your money and wealth from inflation. Getting in the habit of doing this before starting your The Wealthy You!-OFFENSE will allow you to collect billions of dollars’ worth of gold, bonds, stocks, and real estate once your offense does begin.

Next week on The Wealthy You!; making or not making decisions.

Become The Wealthy You!