Greetings Millionaires in the Making,
Today’s blog is from my upcoming book “Conscious Millionaire” that will be released August, 2013.
It comes from the chapter “Achieve Financial Freedom” and discusses the real power of money – and why you must have money if you are going to live a totally fulfilled and purpose driven life.
THE POWER OF MONEY
You are reading this blog because you want to become wealthy. Indeed the desire to be rich is a noble one, especially when coupled with the desire to make a difference. It takes money to pay your living expenses, buy a home or car, and purchase food, education, and entertainment. If you want to surround yourself with beauty, travel to exotic places, or enjoy the finer things in life, you must have money.
If you want to have free time to enjoy your life and be with the people you care about, you must have money. And, if you want to be free from financial worries, live well without working, or prepare for your retirement, you must have money to invest.
Money also empowers you to do amazing good for others and contribute to making this a better world. What differences will you make by how you use your money? Will you pay for your children’s college or help an aging parent or relative? Do you desire to support non-profit organizations and causes you care about? Have you considered using your wealth to start your own foundation as a way to create your personal legacy?
Money is power! It provides the power to build and grow your business, develop new products to help your clients, and invest for your future. It also provides the power to live as you choose, help those you care about, and give back to the world.
People who become, and stay, financially free have the power to both live well and help others.
Money can be a
powerful force for good.
If your goal is to enjoy financial freedom, then as an entrepreneur you must study how to create wealth: read books, listen to audio programs, and attend financial success and business programs on a regular basis; then you must apply what you learn by taking conscious focused action!
Unfortunately, possessing a large annual income or even making millions from selling a business or doing well with your investments, won’t guarantee financial freedom. You can build a highly profitable business and still end up broke.
And, this is why I’m providing you with the information in this chapter. Making a lot of money, even millions or tens of millions, does not guarantee you’ll become financially free. Worse, it doesn’t guarantee that you won’t end up broke!
Why? The answer is probably immediately clear. Think of all the people who become rich and are ultimately appear in the headlines for going bankrupt, even after making tens or hundreds of millions of dollars. Have you ever wondered how they managed to lose all of that money?
They never developed responsible money habits or sound financial strategies. As a result they failed to multiply their wealth because they made bad business and investment decisions by paying little to no attention to risk. Worse, instead of choosing to enjoy the luxury life they could actually afford, they squandered their money living at even higher levels.
Your life doesn’t need to turn out that way. By using the money habits, financial strategies, and information you are about to learn, you can take the money made from your business and execute sound personal financial decisions. As a result, you can enjoy the financial security and freedom you seek.
Achieve Your Higher Purpose,
.
J V Crum, III, M.B.A., J.D., M.S. Psy
Author, “Conscious Millionaire: The Formula for Creating Wealth.”
Keynote Speaker, Event Presenter, Radio and TV Guest Personality.
Small Business Coaching, Entrepreneurship Training, Leadership Development
Founder/CEO: Conscious Millionaire Institute, LLC / Conscious World Foundation, Inc.
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Keywords: conscious business, conscious entrepreneurship, guy kawasaki, shawn welch, conscious leadership, small business coaching, small business coach, complimentary coaching session, entrepreneurship training, j v crum III
A very wealthy man told me you can either work to build someone else’s asset, or you can build an asset that will work for you. The trend in business is to go for the ” exit strategy.” In my opinion the key to financial independence is building an asset that will continue to generate income without a substantial time investment. This provides total control of both time and money (i. e. financial independence).
Hello Dagan,
Thanks for replying. The most important asset you can grow, the one that makes over 80% of the millionaires in this country, is your own business.
Looking forward to your being a part of the upcoming Business Accelerator System program on June 15.
Make Your Difference,
J V Crum III