Emotional Intelligence: A Vital Key To Financial Freedom

Posted by in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, KINGDOM PROSPERITY, PEAK PERFORMANCE, SCHOOL OF WEALTH

Emotional Intelligence: A Vital Key To Financial Freedom

It is a great error to think someone is wealthy because that person owns a lot of things. The truth is this; you can go broke if all you possess are things that don’t generate income. Wealth is an income stream. It is the ownership of valuable resources; a perpetual source of resource that is functional without your labor. A person is defined as wealthy when his passive income pays for his living expenses. This is true financial independence. As such, wealth creation can be described as the accumulation of income-generating assets. For most people, this journey begins by earning an income from a job. As an employee, you essentially earn income by providing a service to your employer. Unfortunately, these earnings stop when you stop providing the service for you were employed. This type of income is called earned or active income. It is a great place to start the process of wealth building. It’s indeed your first rung in the ladder of wealth building. Earned Income Must Be Converted To Income-Generating Asset Sadly, earned income does not determine wealth, what determines wealth is what you do with earned income. The use to which you put what you make is more important than how much you make. The wealthy use their earned income to accumulate assets that will generate passive income, which in turn pays for their liabilities and maintains their lifestyle. Wealthy people buy assets that will increase their income, while the poor buy liabilities that will increase their expenses. Many earned good income but never experienced the joy of wealth. The truth is that you can never be wealthy through your earned income unless there is a strategy to convert some of your earned income into passive income. You Need Financial Intelligence Financial intelligence is the ability to convert earned income into assets that provide cash flow. Every serious wealth builder must have strategies by which to convert earned income to income-generating assets. This, I have discovered to be the missing link in the wealth building strategies of many people who desire to be wealthy. Most people do not know they have to go beyond earning a good salary, to converting their income to asset. The few that do know don’t do it. Their emotional buying behavior would not allow them. They are always too emotionally occupied with the stuff to buy……..unfortunately, these purchases are liabilities; things that would not contribute to their dream of becoming wealthy. And by the time they are done with their purchases, they are left with no money to invest in wealth building assets. Ability To Control Your Emotions Is Crucial One fundamental truth you must understand is that a great part of financial intelligence is about emotional intelligence. Warren Buffett, the world’s richest investor, says, “If you cannot control your emotions, you cannot control your money.” This means that without...

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The key to supernatural wealth

Posted by in KINGDOM PROSPERITY

The key to supernatural wealth

One major part of the equation of wealth creation is the supernatural. Yes, there is the supernatural dimension to wealth creation. Understanding this dimension to wealth creation can make all the difference in your pursuit of financial freedom. The realm of supernatural wealth and fortunes is a reality. This is the realm of unusual wealth, where business and financial results are phenomenal. It is the place of more than enough, where your input is almost insignificant when compared with the output. Supernatural Wealth Is Real Listen; there are men and women who are enjoying this dimension of wealth. The essence of this message is to open your eyes to the existence and reality of this realm, and also to spur you to take advantage of this realm for your financial freedom and dignity. “Speak to the People of Israel. Tell them: When you enter the land which I am going to give you, the land will observe a Sabbath to GOD. Sow your fields, prune your vineyards, and take in your harvests for six years. But the seventh year the land will take a Sabbath of complete and total rest, a Sabbath to GOD; you will not sow your fields or prune your vineyards. Don’t reap what grows of itself; don’t harvest the grapes of your untended vines. The land gets a year of complete and total rest……….Do I hear you ask, ‘What are we going to eat in the seventh year if we don’t plant or harvest?’ I assure you, I will send such a blessing in the sixth year that the land will yield enough for three years. While you plant in the eighth year, you will eat from the old crop and continue until the harvest of the ninth year comes in.” Lev 25:2-22 (MSG) Wealth is power, and power is spiritual. As a result, wealth answers to spiritual laws and principles. Or how do you explain the phenomenal blessings and harvest experienced by the people in the sixth year as demonstrated in the above scenario that would sustain them for the next three years. Can you imagine the same people, with the same set of skills, tools and implements, faming the same land, yet experiencing out of the ordinary, out of this world kind of result in the sixth year? The only thing that changed in the equation was the introduction of spiritual laws. Spiritual laws are supernatural laws; as a result, they are able to deliver supernatural results in every area of life. Obedience to spiritual laws and principles is the key to supernatural wealth. Supernatural wealth is real and available to everyone who will embrace spiritual laws in their pursuit of wealth accumulation. Obedience to spiritual laws provokes the release of God’s blessing upon your business, vocation and calling. Hear what He said, “I assure you, I will send such a blessing in...

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How To Get Money To Start Your Business

Posted by in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, KINGDOM PROSPERITY, MAKING MONEY ONLINE, PEAK PERFORMANCE, SCHOOL OF WEALTH

How To Get Money To Start Your Business

One major key that would determine your success in the world of money and business is your belief system. Your belief is what determines your reality in life. For you to become rich and wealthy, you must first believe in your ability to make it happen. Whatever you believe to be possible would ultimately be possible. And whatever you believe is impossible would be impossible. It is always to you according to your belief. This is very true in every area of life, especially in your quest to raise funds to start your business. You must believe the money you need to start your business is available and that it is out there waiting for you. Your mind is so designed that you have a tendency to ignore or block out any information coming to you that is inconsistent with what you already believe to be true, whether or not your beliefs are based on fact or fiction. “All riches have their origin in the mind. Wealth is in ideas.” — Robert Collier One fundamental truth you must embrace in your pursuit of wealth is that wealth building starts on the inside, and not on the outside. Every of your action has its root in the way you think and what you believe. Your success in raising funds to start your business starts from the inside. It starts from our thinking and belief. You must believe that you will get the money you need, because there is more than enough money out there. The law of abundance says we live in an abundant universe in which there is sufficient money for all who really want it and are willing to obey the laws governing its acquisition. The essence of this post is to show you how to acquire the money you need to start your business. But it is your attitude toward abundance or scarcity of money that will ultimately determine whether you lay your hands on the money you need to start your business or not. It is therefore imperative for you to believe that there is abundance of money out there. And that you will get the money you need to start your business. Here are five ways you can explore to get the money to start your business. 1. Your Own Savings The best way to fund your business is your own personal savings. If the desire to start your business is strong enough, if you’re really passionate about it, the will to save money would not be lacking. Open a savings account today and start saving at least 10% of whatever money you earn. The discipline to save money is a proof that you possess the needed character to manage the business once it gets started. “If you cannot save money, then the seeds of greatness are not in you.” – Clement W Stone 2....

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NEGOTIATING YOUR WAY INTO WEALTH AND RICHES

Posted by in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, KINGDOM PROSPERITY, PEAK PERFORMANCE, SCHOOL OF WEALTH

NEGOTIATING YOUR WAY INTO WEALTH AND RICHES

“And it came to pass, when Rachel had born Joseph, that Jacob said unto Laban, Send me away, that I may go unto mine own place, and to my country. Give me my wives and my children, for whom I have served thee, and let me go: for thou knowest my service which I have done thee. And Laban said unto him, I pray thee, if I have found favour in thine eyes, tarry: for I have learned by experience that the LORD hath blessed me for thy sake. And he said, Appoint me thy wages, and I will give it. And he said unto him, Thou knowest how I have served thee, and how thy cattle was with me. For it was little which thou hadst before I came, and it is now increased unto a multitude; and the LORD hath blessed thee since my coming: and now when shall I provide for mine own house also? And he said, What shall I give thee? And Jacob said, Thou shalt not give me any thing: if thou wilt do this thing for me, I will again feed and keep thy flock: I will pass through all thy flock to day, removing from thence all the speckled and spotted cattle, and all the brown cattle among the sheep, and the spotted and speckled among the goats: and of such shall be my hire. So shall my righteousness answer for me in time to come, when it shall come for my hire before thy face: every one that is not speckled and spotted among the goats, and brown among the sheep, that shall be counted stolen with me. And Laban said, Behold, I would it might be according to thy word. And he removed that day the he goats that were ringstraked and spotted, and all the she goats that were speckled and spotted, and every one that had some white in it, and all the brown among the sheep, and gave them into the hand of his sons. And he set three days’ journey betwixt himself and Jacob: and Jacob fed the rest of Laban’s flocks. Gen 30:25-36 The above verses of the Bible show how Jacob negotiated his way into wealth and riches. For close to twenty years, Jacob labored in the home of Laban with practically nothing to show for all of his labor except for his two wives and children until he understood the art of negotiating. He used the power of effective negotiation to access his financial destiny. The negotiation took place in chapter 30 of the book of Genesis, and in the next chapter, chapter 31 of the same book, he was an established financial giant. Effective negotiating skill opened the next chapter of his life. “Jacob learned that Laban’s sons were talking behind his back: “Jacob has used our father’s wealth to make...

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How To Build Multiple Streams Of Income

Posted by in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, MAKING MONEY ONLINE, SCHOOL OF WEALTH

How To Build Multiple Streams Of Income

When you understand how to strategically build multiple streams of income, you will suddenly discover that most of the reasons against the concept can easily be overcome. To successfully build multiple streams of income, you must identify, build and succeed first in your primary source of income. Once your primary source of income is built to a reasonable level of success, the success should give you some level of time freedom if done properly. You can then use the freedom created from that success to create additional streams by leveraging on your success and existing resources to create another stream of income. Your existing resources are the skills, knowledge, information, contacts, savings and all the experiences that made your first business a success. This is the best approach to the concept of multiple streams of income. All It Takes Is Creativity You can leverage on your success in real estate business to start a seminar business, and once the seminar business is doing well and you are recording good successes, you can leverage further on this to create a third source of income. Then a forth source of income as you write a book. You can also leverage on the same piece of information and knowledge to develop the fifth income stream as your turn your book into an e-course. Start a speaking business to generate the sixth income stream. A coaching, training, and a consulting business can also be added with time. Within a short period of time you can have as many as seven or ten steams on income. It is a lot easier to find multiple sources of income within the same business. The key is you should never consider a business that does not have expansion potential for additional stream of income. Imagine you are generating $2000 monthly from each of your ten channels of streams income. Wow! That is $20,000 monthly income and $240,000 in annual income. You can surely do a lot with that. As you add each new stream of income, make sure you consolidate and fully establish each vehicle. All you need to generate multiple income streams is to be creative and innovative. Your target should be to have all your income streams come in as passive income, meaning all your income sources running with little or no physical input from you. Income From Non-Related Industry You can also choose to generate income from non-related industry, if that is what you want. Ideally, it would be great to have some of your streams of income come from different industries. The upside to this is that if one industry is experiencing turbulent and challenging times, you can live on streams of income from other industries. This has the potential to make your wealth more stable and secure. For example, if there are challenges in the stock market, you can still be making...

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