I bought my wife a new Mercedes 4×4 to get her and the kids around. Unfortunately I never visualized or realized when buying it, that it would turn into my responsibility to get it cleaned.
Today, I was out getting the car cleaned. As I sat waiting in the waiting room, I noticed a man in front of me with his partner who had a similar jacket on as my own. I looked him up and down out of curiosity. Under his chair, I saw £1 on the floor My natural reaction was to pick it up and put it in my pocket. But I thought it might have fallen out of his pocket and he may be unaware of it. Maybe I had better let him know.
“Excuse me young man,” I said, “I have no idea if it’s yours or not but I am going to give you the benefit of doubt”. He looked at me in a bemused manner. “Right under your chair is £1 and it may have fallen out of your pocket. I thought I would let you know.”
He looked at me and said thank you. He then did something rather strange which gave me a powerful insight into life and how we set ourselves up in life to fail financially. Here is what he did.
He picked the £1 up and offered it his girlfriend. Nothing wrong with that I hear you say. Ok, bear with me. His girlfriend said “No thank you I do not want it.” At this stage I, as a wealth mind expert and
“If you are not going to keep it, I will have it. However, understand I did offer it to you first.” I said to him looking him in his eyes as I nodded my head to give an unconscious command of its ok to do this. To my surprise he stretched out his arm and offered me the money.
I instantly took it off him and said,
“Thank you, that is going into my savings account.” He laughed at my statement. So I looked at him and said , “If you ever win the lottery, please understand I will be calling you, as I now know that you don’t keep money… you just give it away.” He laughed and said, ok.
This is a brilliant example of how people give money away no matter how they come into it. This is an example of what I keep teaching every week. This is what lottery winners, people that come into an inheritance or a large windfall do.
Now, here is what I know. What is interesting is you may be thinking you would not have done what that gentleman did. You would have kept the money, right?. How stupid of him, correct?
Here is the interesting thing. You are doing this every month. In fact we set our lives up to do this every month. Here is how.
If you have any money coming in, be that a job, self employment, a business, benefits, no matter what the source of the income, and save 10% of your monthly income (
“But Patrick,” I hear you saying. “It costs money to live. I have to spend this money.”
You have set your life up to give money away. And the person you are giving the money gets to keep YOUR MONEY. The 1%. In reality all the “stuff” you have has been created to exchange YOUR MONEY for stuff. You are a consumer, programmed through the media, friends and society to give away your money each month, believing this stuff is great,
And here is the funny and disturbing thing. Most people want MORE MONEY so they can set their lives up to give away even more money for MORE STUFF.
You are in reality doing exactly what that guy did to me today. Being given money, and setting your life up to give money away for a feeling.
Most people want to trade so they have more money coming in… just to give it away. They want more money to give it away in exchange for more stuff.
Am I saying you need to have zero expenses and need to save and invest every single penny that comes to you? No! I am saying you need to make a conscious choice about saving a percentage of your money. If your goal is to be rich and/or have financial freedom you have to decide to KEEP a decent percentage of the money that comes to you and stop giving it away.
Many of the greatest wealth builders saved 50% of THEIR MONEY to grow MASSIVE WEALTH.
The media, society, communities and families have trained 99% people to look at the lifestyle of the rich, envy it to one degree or the other, focus on that part of their lives and try and emulate it. As a result, 99% of people end up giving all their money away trying to live a nice lifestyle. The truth is you need to look at what the1% are doing with the other 50% of their money.
So how do you learn to not give money away and keep it? How do you condition your mind so that you not only know what to do, but also have the mindset to do it consistently?
Unfortunately it takes money to learn not to give it away. You have to give money away to gain an education not to give money away. But if you don’t pay to learn to stop giving it away and learn how to keep and multiply it, you will keep giving it away, like the guy did with me today, every month for life.
This is exactly what I teach in Sunday Insiders. How to manage your money and keep it. How to spot the BIG money making opportunities, take it and profit from it. How to keep the money and grow them and the mindset to do it consistently… and much, much more.
Right now membership is closed, however when it re-opens, I will let you know.
So until then, stop giving your money away in exchange for stuff. Keep your money and stop giving it away unless it is going to teach you how to keep and grow it.