There is so much to educate when it comes to money. For many people, this is their end goal. Accumulation of it for their attributes and for whatever purpose it may serve them so much so that it is a driving force of many on why we would want to have more money.
Roger Ver in one of his interviews said money is not everything but it can definitely give you a lot of OPTIONS, so in line with his wisdom if you would ask yourself, what option do you have given the abundance of money?
Some of the things that I found disconcerting are the following.
Self-Sabotage about One's Belief on Money!
From the documentary film entitled, "The Millionaire Project; New Documentary about Achieving Financial Freedom", Dr. Joe Vital, Best Selling Author, Speaker, and Success Coach said that sharing what is most comfortable for you and where you take inspiration from GIVING opens the window of abundance and not from a scarcity mindset. He mentioned how an ACT of Giving even before if you're not ready to give as he shared his experience being homeless once in his life, reinforced your mindset into more wealth. His emphasis on giving money to be able to receive money from the abundance mindset is so empowering if we don't hold back subconsciously, if we don't have conflicting ideas.
I knew of a friend back in Doha and even from my country who always has the habit of saying she doesn't have money especially when it comes to investing more in her Personal Growth needless to say an investment for a good business venture, takes an excuse most of the time, only to find out that she managed to buy the latest gadgets.
Another instance of self-sabotaging on our beliefs about money and when it comes to our Personal Finances is the idea of buying health insurance. The book,
"The Secret to Saving and Building Your Future ( Become Your Own Financial Advisor) accentuated more on how important to secure our health care, as much as possible make it our topmost priority. We have no right to invest should we failed to set aside an amount of money for our healthcare per se.
Had I not mentioned many times from my posts that hospitalization bills could kill? Daily hospital costs would range 10k or more back when my papa was hospitalized. Considered Health Insurance as protection or an umbrella to safeguard your investments when health issues are recurring, so whenever you have a stable and good source of income, buy your family health insurance. The more you would have peace of mind when the time comes.
So what I can suggest is, Transform into Self-Care instead!
From a general perspective, Tom Corley, a Best Selling Author, Speaker, and Media Contributor of the aforementioned documentary film, shared that the healthier a person is, the more productive one can become.
Based on his studies, engaging daily for self-improvement was very critical as much as 88% of self-made millionaires engaged in self-education by reading and learning new things much more in becoming themselves HEALTHY as they could ever be.
The significance of being healthy is next to being wealthy hence we read many times that "health is wealth!
I have learned from my experiences with money that the more I share it to those who inspired me and gave to whom I think needed it the most, in the first place, I felt good, and subconsciously I opened up more opportunities to create more Wealth Abundance.
*First and foremost FEEL GOOD about it and Be Inspired!
Self-Doubt on the Authentic Cause of Bitcoin Cash and not merely being Hyped!
Money is everywhere in the crypto sphere!. This is a fact! There is so much money involved when we deal with cryptocurrency that the whales are the ones playing the games mostly, however, if we truly practice authenticity on the Cause of the Coin, we would never have fraction and division.
One of the most promising features of Bitcoin Cash that everybody could relate despite the trend of the market is its easier conversion to fiat should you blog here on ReadCash for example. Apart from the transaction fees that we mostly have nightmares when sending money unlike other cryptocurrencies, Bitcoin Cash, on the other hand, makes it so handy and affordable to do so. When I say "easier conversion" I meant to say sending it to your wallet without the need to send it first to other exchanges to avoid higher transaction fees. So simple and easy that even newbies would understand how to do the transaction even if they're not much into crypto.
Hence take into account the thought of transforming unto Self- Confidence somehow!
Based on my further readings and research on the authenticity of BCH's cause, Generosity plays a pivotal role. Microtipping back at Memo and at Noisecash are an edge over other cryptocurrencies that my friends found it so amazing at how crypto changed their mindset especially Bitcoin Cash thinking it is real money that they used as a mode of payment for online purchases.
Their initial belief that crypto is a scam is swapped for more possibilities of growing their income especially so that they are mostly merchants.
The Entrepreneurial effect of this pandemic creates more opportunities to those who are opt for the challenge.
Self-Deficient on One's perspective about Money!
Some people who are not in tune on how to grow their finances would end up having a deficiency in it. Are you familiar with the rat race of working overseas? You earn good enough money yet at the end of the month, still, it's not sufficient for your needs? Worst case scenario you are in debt!
I have met so many of my fellow Filipino Overseas Workers who always borrowed money because the amount they have sent was not enough for their families.
There's so much to overhaul with their finances. So why not transform into Self-Sufficient, be more abreast, be more resourceful to learn how to be financially literate?
What's the Rationale?
I have been living and working overseas for nine years now and the cultures (Arabian Peninsula vs. Island Living) that I had been exposed to are extreme. There was a point that I thought money grew on trees for as long as I am working, I am assured of my future, yet it occurred to me that there's no such thing as lifetime employment.
The good thing before it's too late, I had changed my belief towards money into a more meaningful way. Reading books about Personal Finance, investing for my retirement at least the rule of the thumb is to put 10% of it on a vehicle that would give me 13% annual rate of dividends for example, (referred to my cash dividend for an instance back in 2019 on my shares from Metrobank).
I am more in tune with my core belief of money when used wisely would save me from further financial mishaps in the long run.
If you have a wrong belief about money which goes with the cliche, that it is the root of all evil, then perhaps you need to check the voice within your WHY's of earning
Is it to give to the foundation which inspired you to earn more so you could help more?
or...
Is it for your immediate family which depicts your generosity as the saying goes, "charity begins at home"?
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Some images used in this post are from Pexels edited via Canva while BCH payment was a screenshot I took from my previous transaction
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if we could print our own money, the better for the economy!
Hndi talaga kailangan ng pera ng mga taong simula pag kabata nila hindi sila na mromroblema about that. Pero Kung sino man po ang hindi masaya sa pera nila pwde ibigay niyo nalang saakin? Nangangailangan lang po. HAHAHAHA joke.