Investing Money Article Supports - "Awaken Your Speculator Mind" by Author Frank J Sherosky

In Association with Strategic Publications, Inc., a Michigan Corporation

FREE Investor-Theme Article

"Wealth and Money Myths"
by Frank J. Sherosky
Author of "Awaken Your Speculator Mind"

Who can function efficiently when his or her mind is haunted by financial problems? Nobody! A business who employs such people can’t do it; neither can a family; and neither can a global world order.

Solving global financial problems without knowledge, understanding and wisdom is impossible. The future will be no different in that the concept of economics will not be considered an island, apart from human dynamics; it will be closely linked to religion as well as government. And in line with that future order it will be equally imperative to understand the very definition of wealth itself.

Defining True Wealth

When I was young, I met a very wealthy man who was surprisingly very humble. In conversation, he told me that he had finally developed the ability to create his own wealth. This, he considered, a blessing of power.

This, I corroborated by recalling an ancient scripture. In the book of Psalms, it is written, “It is the Almighty that gives you the power to get wealth”. In that, this wealthy man agreed wholeheartedly, and added further that understanding the relation between wealth and money will be key to future economic and social survival. Unfortunately, the system today does not teach any difference out of ignorance.

Setting your house in order will be a major theme in your own future. Economic and social survival, individually and nationally, will require all to fully understand the meaning of true wealth. Although wealth and money can be quite diverse, in the world of finance, there is more to life than mere cash flow. Like that wealthy man, deep down inside we all know that, especially when a death occurs or a drastic sickness takes place. At times like that, a new mindset often arises.

Whenever the word "wealth" is mentioned today, unfortunately the term "money" is naturally assumed. Money by its truest definition, however, is merely a form of storage for the physical aspects of wealth. In essence, it is a medium of exchange for physical wealth; it is not the totality of wealth itself.

Total wealth, in reality, has many aspects. Money is only one part of it. There coexists a wealth of other factors including the following: ideas; opportunities; knowledge. This is total wealth. Think about it!

True wealth is the happiness and security derived from having all of your physical, mental, emotional and spiritual needs and wants provided because of the power and ability to meet and share them at will. This lack of understanding about true wealth explains why so many presume that it only takes money to solve problems. This explains why corporations who chronically throw money at business problems often do so at their own peril.

Yes, money may be a need, but it is not the heart of every obstacle. The heart of most problems are usually within the very people within range of the problems. No doubt there are outside influences always exerting pressure. The solution, however, is to manage them with knowledge, with understanding, with commitment and with a right path, using all human-wealth attributes.

It truly takes more than money to solve most problems. It takes all of your wealth of ideas, guts, patience and drive. In fact, it takes all of them working together in a synchronous manner. Character, provided that it is righteous, is a powerful wealth attribute that will provide a settling balance to future economics. It is more than just a noteworthy asset.

Perhaps, if character was viewed in the light of business, some would finally get the picture and realize its relevance. If all would view the dark side of corporate character as a liability on its ledger, then all might get the picture there, too. Let's face it: The true mission of every company is to make profits and lots of it. It's the one value that labor and management can actually agree on. What is chosen as the way to obtain those profits is predicated on knowledge and strategy. However, how well they implement is centered more around character.

How does an individual glean a fresh focus on finance in light of real human needs and desires? The answer lays in putting spiritual-mental understanding into one's own personal set of values. Upon knowing the difference between wealth and money, the challenge then becomes realigning our priorities relative to that understanding. The process, however, requires eradicating ignorance.

Physically speaking, finance is a major missing element in public education. Even in America today, there is a tremendous amount of financial illiteracy. Too many people simply do not understand the basic difference between a stock and a bond let alone understand a mutual-fund perspectus.

With that in mind, how can a group of business associates properly relate to the one issue so vital to their welfare as well as the corporation? How can any society grow toward its full potential from ignorance?

Businesses, like the public educational system, unfortunately contribute in part to the illiteracy. In view of character, they are often motivated to withhold by selfishness and covetoussness. They fail to share the very knowledge that would provide the platform for achieving the responses that they desire.

In the future, teaching everyone about finances will create a business-like mindset. Likewise, even corporate bean counters will be taught the real differences between assets, capital and human value, making the cost of living and the cost of doing business as one.

Defining Wealth and Money Myths

Whether we choose the way of ignorance or the way of knowledge, every decision including those not to act are beset with consequences.. Nevertheless, dealing with truth instead of myths is crucial.

1. "Money alone constitutes wealth" - As stated earlier, money is merely the medium of exchange (currency); it's not a true measure of value. There sre other facets like health, security, good marriage, etc.

2. "It takes money to make money" - You and your efforts through work earns the money. Your knowledge and character determines its preservation, growth, and depletion. The Creator gives us the power to get wealth. (Eccl 5:18)

3. "I'll never earn my fortune working for someone else" - Your lifetime allows 45 productive years to earn a fortune (Age 20 to age 65 = 45 years). Just $10K per year for 45 years nets $450K. It's not what you earn, but what you keep that counts as your fortune.

4. "It's too late and difficult to change things now" - Negative attitudes can create self-fulfilled prophecies. Where would you be now if you had acted just 5 years previous? Where you will be in just 5 years depends on what you do now. Like physical conditioning, fiscal conditioning requires effort.

5. "Money is the root of all evil" - The love or lust for money over true riches is the root, NOT money itself (See 1 Tim 6:10)

6. "God loves the poor, but hates the rich" - This is not true. Riches can make it difficult to attain spirituality, but not impossible if humility is prevalent. The Creator also loves the rich as long as they are righteous. Witness Abraham, Isaac, Jacob and Solomon. The Creator does not believe nor lives according to a law of insufficiency. Witness this planet and the universe where abundance is everywhere. His profit targets are in terms of tenfold and hundredfold, far above that of man.

Defining The Causes of Money & Wealth Depletion

Since the underlying principle of natural law is cause and effect, it behooves us to now discuss some causes for the depletion of money wealth. There are essentially two major categories that these causes fit into: Outside influence and internal influence.

1. Lack of a global standard for wealth: Surprisingly, the world does not at present have an unvarying unit of value to measure wealth as we have for length, volume, and weight. Even America, for example, fails to define the value as allowed even in the its constitution. In that respect, America’s congress has failed to live up to its constitutional duties.

As it now stands, money is not a true standard for America or the world. It is variable as witnessed by inflation. According to human governmental whim, it is often devalued in a heart beat.

According to some economic theories, only competing commodities can act as a standard. Because they stabilize one another, commodities like gold and silver, like coal and oil, stabilize value. Supply of money can be adjusted to the demands if commodities like gold/silver are used properly.

In Howard B, Rand's, "Digest of Divine Law" (Destiny Publishers), there is a unique viewpoint with regard to this aspect as it applies to the future millennial Kingdom of God. I highly recommend it.

2. Borrowing and lending with interest: According to biblical principle, it is usury and perpetuates poverty. It changes the medium of exchange from representing value by making it the "wealth". As such, it makes the money medium more desired than the possessions that people buy with it.

3. Excessive and Abusive Pricing: Profit through work, according to that same biblical principle, is not usury but equitable. Notwithstanding, bloated pricing is stealing because it uses opportunity to garner more money than is equitable. It is the basis for labor-cost spirals and the expansion of the haves and the have-nots.

4. Unjust taxation: Governments require financial support to function. Taxes must bear a definite relation to income, and this relation must not be disturbed.

Unjust taxation is levied against personal property (true physical wealth). Taxation on personal property then subjects that property (wealth) to confiscation. Taxation on personal property, coupled with a godless economic system and defiled personal characters, are the root causes of homelessness and poverty.

Just taxation, on the other hand, should be levied against income only. This would save the wealth that has already been taxed, by not allowing it to be subject to the tax again and again. It would further force the politicians to make darn sure your business climate is healthy, otherwise they would go broke.

5. Government mismanagement: Government must live within its means as any other citizen. Government income should only increase when the income of the people is increased. Taxation without a balanced budget plan should be abolished by unchangeable legislation.

7. Corporate mismanagement: Corporations must act in the best interest of the shareholders and society; and avoid greedily stealing for personal gain. Excessive corporate management compensation is a burden on society as well as the business economic climate.

8. Miscellaneous catastrophes: Natural disasters, violence, and theft. Major illnesses, divorce, etc. Contrary to insurance claims, they are not acts of God. If anything, they result as natural consequences for breaking His laws that are simply already set in motion.

9. Personal mismanagement of finances: This is character oriented as opposed to knowledge oriented. Living beyond our supply of income through credit misuse is the basis for debt and poverty. Emphasis must be on prioritizing so as to cover expenses. Then return type of investments should be made.

10. Insufficient fiscal management education: This is knowledge oriented as opposed to character oriented. Public and family educations are lacking in teaching everyday fiscal strategies. Public education teaches how to get a job, but not how to run one or finance a family.

Defining Root Causes of Preservation and Growth: While many of the depletion causes just listed appear beyond our control, some can be managed to some degree through your inner influence. Two areas of inner influence that we do have control include education and personal management.

Many falsely assume that to make money one must be crooked or at least ruthless. It does appear that way at times, but it does not have to be true for you. Just as there is a cause for the lack of wealth, there must be a cause for the promotion of it. All we really have to do is address all of the causes that produce ill effects.

1. Work smarter, but not necessarily harder: Effort is necessary for growth. Witness the effects of weight training. Your labor and your intelligence are your main arsenal.

2. Leveraging and compounding: These use the law of multiplicity. Witness the effects of automation on mass production costs.

3. Develop the attributes of a sound money manager: Live within your means by budgeting and prioritization. Know your income vs shelter costs. Set aside an emergency fund. Save a portion of your income for yourself. Plan your future using investments as opposed to chance or social security. Use only successful money strategies.

4. Understand the true relationship between expense and investment: Expense is the cost of goods and services with no monetary return. Expense value is personally determined by intrinsic value of the service or item. Transportation is a type of expense. The choice of cost is variable and subject to the buyer. Investment is a portion of income repositioned so as to return an increase in income. Investment value is determined by the quantity of increase.

5. Invest first in education: Education is investment in knowledge. Its return begets further the creation and preservation of income.

Take time to learn how the system works. Most are too busy earning a living. Knowledge through education is always cheaper than knowledge through bad experiences. Ignorance is by far the most expensive experience. Witness the effect of bad investments. The return on investment proves good education is an investment as opposed to expense.

"Awaken Your Speculator Mind" by Frank J. Sherosky is available as a quality-bound, soft-cover edition (ISBN TBD) and as a downloadable ebook (ISBN 1890170054).

Buy Ebook NOW at ClickBank || Buy PaperBook at 1st Books Library

Relevant Links || Contact Frank

The authorfrank.com Network
owned and operated by

Strategic Publications, Inc.
P.O. Box 380811, Clinton Twp., MI 48038-0071
Contact E-Mail