PART OF WHAT YOU EARN IS YOURS TO KEEP
As the new year sets in most of us have, resolved to be better versions of ourselves than ever before.
I also believe is that our wallets can, and should, look better if we are ever to become what we had invisioned. So, I wasn't surprised when i read from one of my favourite books by George S. Clason titled "The richest man in Babylon" came across something that jumped at me. Clason deliberately placed this teaching in such a way that the part we need to hear the most is right at the beginning of the book. He effortlessly explains how a need to save or put away a portion of our earnings which, if done correctly, results in those earnings generating more earnings through compound growth.
PAY YOURSELF FIRST!
The thing about me is that I have a very active and well nourished imagination that leads me to think of money babies growing into mountains of money (laughs) when ever anybody talks about making my money grow. I was also pleased when I heard that I don't have to save all of it and live like a pauper while my bank account gets fat. Jack Canfield puts it in a way, I bet we can all digest. He says to be successful one of the principles we can all employ is to "pay ourselves first". This is by no means a new concept; It has always been around. All it means is that you need to take care of yourself first before you do anything else as David Blaylock so simply put it. At first glance, I thought this was giving me the licence to splurge and spoil myself for working all month long. Evidently, that is not the case here, but I'd like to believe that I wasn't that far off the mark. Marissa Torrieri commented on this issue once by saying that "the guiding principle behind paying yourself first is putting your long-term well-being ahead of almost every other financial situation because you are your own biggest asset" Part of what you earn is yours to keep.
PART OF ...
Going back to the title... part of what you earn is not yours. Let me explain, if we looked at the money we receive as though that 10% does not belong to us, it would help us appreciate it a bit more. George says we can save 10%, give away 10% or tithe 10% then use what is left for our daily financial needs. In order to gain more we would benefit by giving just a little. I know it sounds bizarre. A couple of the movers and thinkers like the Tony Robbins, Lisa Nicols, Jon M Huntsmen and Stephen Covey all give great emphasis on giving away a certain percentage of what you earn. It's a Universal Law. And loe and behold, it's also in the Bible and a few more religious books. What you send out comes back to you in multiples. If part of your mission is to make your money grow, your wallet could benefit from giving just little to yourself and then to others.