The Power of Your Permanent Wealth Account
“The Power of Your Permanent Wealth Account”
How much money has flowed through your life? How much have you kept? If you haven’t kept very much money, that’s because you didn’t have a structure – until now.
In his Prosperity Consciousness course, Fredric Lehrman invites you to imagine living in a time before bank accounts and finance on paper. See yourself carrying around a leather pouch and receiving your income in the form of 10 gold coins. You buy shoes. You eat. Eventually your pouch is empty and you do work to go get 10 more gold coins. Your pouch fills and empties and fills and empties – a natural ebb and flow. Most people spend as much as they make. When their income goes up, so do their expenses.
Now, imagine that you have a SECOND POUCH. And every time you put 10 gold coins in the first pouch, you immediately take one of those coins and move it to the second pouch. You continue to add and subtract from the first pouch, but the second pouch, you NEVER spend those coins. Eventually that second pouch would grow until it’s too heavy to carry around anymore.
This is the idea of the permanent wealth account.
Open a bank account that is completely separate from all your other accounts with the sole intention of putting money in there and never ever touching the principle.
Remember the story of the goose that laid the golden eggs? You wouldn’t ever kill the golden goose, would you? You’d want to live off of the eggs. The permanent wealth account is your Golden Goose.
Having this account reinforces two very important beliefs:
Belief #1
“I have money.”
What you focus on expands. If you’re always complaining about how you’re broke and have no money, it’s hard for money to come to you.
It’s easy to receive more of what you already have. So if you already have money, it’s easy to attract more.
Belief #2
“I have more money than I’ll ever need.”
What an abundant belief! You’ll never touch the principal, which means that you have more money than you’ll ever need.
In my experience, the amount of money in my permanent wealth account is the amount of money that moves easily in my life. It’s like a magnet for more money. When I got to $10,000, I found it easier to attract another $10,000.
It’s easy to calculate 10% of your income. And it’s easy to live off of 90% of your income. You won’t even notice it’s gone, as long as you pay yourself first.
You MUST pay yourself first!!! Otherwise, that 10% will get spent. Every time you receive a check, automatically transfer 10% into your permanent wealth account. Do this until it becomes a habit and is automatic for you.
If you don’t have any income, start by contributing whatever you can. The practice of managing your money is more important than the amount.
You’ll have so much fun with this account that you’ll want to put more money in. Having fun is important! You’ll start by putting aside 10% of your income, and soon you’ll find that you can contribute even more.
Please post a comment below and let me know how this is going for you! Your Permanent Wealth Account is a powerful tool.
How to Improve Your Relationship With Money
How to Improve Your Relationship With Money
Just like you have relationships with other people, you have a relationship with money. First, decide that your money is important to you and worth spending time with. If you’re in a relationship with someone and you tell them “you’re just not that important to me,” how long do you think they’re going to stick around?
Do you keep your cash organized in your wallet or crumpled up in wads around the house with piles of loose change? I encourage you to treat your money with respect.
When money is important to you, you are willing to spend quality time with it, just like with someone you’re dating. Schedule a regular time to give your money your full attention.
During your “Money Date,” you can find out how your money is doing by reviewing your financial statements, balancing your checkbook, or reconciling your accounts.
In the past, when I didn’t have a regular “Money Date,” I handled my finances randomly. I would balance my checkbook and pay bills when I got around to it, which meant that sometimes I was organized and sometimes my finances were in total chaos. I wasted hundreds of dollars in fees that could have been avoided if I was monitoring my finances more closely.
Now that I have regular and consistent “Money Dates,” I have clarity around my finances, and I make better decisions. I love it, and I believe that you will, too.
Please comment on this post and let me know how this experience is for you.