Welcome back to the Law of Attraction Key Newsletter!
If I ask you what your most wealthy life would look like, is the first thing you think of money?
There is nothing wrong with money (it is simply energy after all) however, if you are only looking at wealth as money, you are seriously delaying your wealth (and money). Today’s magazine article is written by Anik Singal and believe me, you want to read this one all the way through (and then again).
Also, in the Quick Tip I have a 30 Day Challenge that will completely transform your life.
Let me know “You are IN” in the comments after the article today and then please share the transformations you experience because of it! You can simply type “I am IN” or you can share more or ask a question – I can’t wait to hear from you about this!
Life Mastery Is Yours!
P.S. Have you connected with me on Facebook yet? I’d love to see you there: http://www.facebook.com/GoBigCoach
“Money is the result of wealth, not the other way around.”
— Kristen Howe
Stop Obsessing About Money – It’s All About Assets!
By Anik Singal
I’ve worked with countless numbers of people who want to become wealthy. The first thing I do with them is show them how much money is out there. If you have the right strategy, becoming wealthy is as straightforward as walking to the ocean with an empty bucket and scooping out some water!
Within that framework, we use a problem-solving method of mine. It’s called the Peg Method, and it’s how we create the strategy for “dipping into the ocean” so to speak.
Once we whip out the Peg Method, however, I notice a common mistake everyone makes: they focus on the wrong stuff.
When people talk about becoming wealthy, they immediately start talking about money. “If I had more money, then I would be wealthy and could have X,Y, and Z.”
But I’d like to suggest to you that money is NOT what you should be focusing on if you want to become wealthy. In fact, if you only focus on money, then your wealth will actually decline.
Instead of focusing on money, shift your focus to assets.
What are assets? Assets are anything with value. In the financial world, assets are things like stocks, real estate and precious metals. If you have a bunch of these things, then you are considered “rich.”
And while it’s true that money is an asset, it’s a pretty lousy one. That’s because the value of money is not always in your control. For example, unless you’re a brilliant investor with incredible foresight, inflation will chip away at the value of cash over time.
And ideally, your assets should be gaining value over time.
This is why your assets should go well beyond financial instruments. They should include ANYTHING of both material and immaterial wealth.
Consider these things…
…and more. All of them provide value to you in some way. How?
Keep Reading to Find Out the Value in Your Assets…
FREE 7 Day Video Course,
First off, from a purely financial point of view, all of these things can be traded in for money. For example:
- If you have invested in learning sales, you can go to a company and offer your services for money.
- If you exercise regularly and are in terrific shape, you will have more energy and can earn more.
- If you manage your time well, you can use that time to develop a business or work some overtime.
- With experience, you’ll learn things in your career that aren’t taught in the textbooks, which means you’ll be more valuable to employers or business partners.
From a financial point of view, you could apply a similar analysis for ALL of these assets.
Now let’s factor in happiness and satisfaction, which I assume are valuable to you. If so, it’s clear that these assets can be MORE valuable than the most valuable financial assets.
So, for these reasons, an important life skill is to invest in a broad set of assets. Especially those immaterial ones.
Why do some people reach the peak of their success and happiness when they are older while some peak in high school? It’s because the first group invests in assets as a life habit while the second group does not.
– The first group networks with positive, successful people.
– The first group constantly learns and develops new skills.
– The first group works on better managing their time and energy.
If you aren’t investing in assets like this, you will gradually decay. Think about it. Right now, you might be an expert in your field who has connections with some of the biggest players. Your assets are strong, and things are good.
However, if you stop learning new skills and working on the relationships in your network, where will you be ten years down the line as the economy changes?
When it comes to assets, if you aren’t growing, you’re dying.
If you constantly invest in assets, there is no way you CAN’T be successful. Putting energy into assets means you are honoring the abundance of wealth in the Universe… by tapping into some of it!
And the more assets you have, the more opportunities you have.
If you have a network filled with 10 successful entrepreneurs, it will be a lot easier to start a business of your own than it is if you don’t know anybody like that. With those entrepreneurs in your network, there might be opportunities to collaborate on projects. At the very least, you will have people you can contact for support and guidance.
The most powerful assets of all are people assets.
One reason why people assets are so powerful is because you have access to all of their assets. They can introduce you to people, educate you about opportunities and bring in their resources to help you out.
Of course, this depends on how good your relationships with the people in your network are. Somebody you met for two minutes at a barbeque ten years ago probably won’t be receptive to calling in a favor to help you pay down debt. But a close business contact, someone you regularly meet for coffee, just might.
This is why networking is something that EVERYBODY should be doing.
So, now that you know why assets are so important, what are you going to do with this information? What assets do you need to invest in so you can better achieve your short-term and long-term goals?
I always recommend that you start with developing your people assets. Make a list of everyone you know. Think about how you can strengthen those relationships – not just to “get” something, but how you can give and grow with that person. Then get in touch and try to be of value to them in meaningful ways.
But whatever you do, remember there’s always an asset you can start investing in RIGHT NOW. Maybe your action step is to start learning a new language. Maybe it’s to sign up on LinkedIn and reach out to people in your field. Maybe it’s as simple as eating a healthy meal so you feel energized for the next three hours.
Whatever it is make investing in assets a habit and start that habit ASAP. If you do, then abundance truly is inevitable!
|Quick Tip||Look Who’s Talking…|
|I have a 30 day challenge for you that can completely change your life. Let me explain…I love that Anik mentioned networking, as it is my belief that relationships are one of the most powerful assets we can cultivate. AND I also love that Anik mentioned that you shouldn’t network just to GET. And I am very passionate about this (primarily because when I implemented what I am about to share with you my world changed…)When you enter into a networking relationship seeking FIRST to discover how you can add value to the other person, the gifts you receive are multiplied. When I first began doing this, I would call people up who were at my next level – and I would ask them, “What can I do for you today that would add value to your business?” or “What can I do for you right now to make your day even better?”
Some people hear this and panic, they get scared that all of their time will be spent adding value to other people – and believe me, that couldn’t be farther from the truth. Just try it – put it in your calendar to reach out to 1 person each day (professionally or personally) to see how you can add value to their day. Do this for 30 days and you will be amazed. Are you up for the challenge? Circulate your value and it will return to you multiplied AND you will become so much more aware of how valuable you are in the process.
|“Thanks Kristen,I love your energy in getting such good inspiration out to the world.Yes! I believe our faith in God (for me) and meditation are our guiding force in leading us to be aware of our Purpose in Life and living our Truth and then Life is easy.
We are Universe and have everything we want but as you said “Do we know what we really want?”
I strongly encourage you to continue in the love you so generously share with the world. “Giving and receiving until the giving and receiving become one” quote from A Course in Miracles.”