Summary:
“Therefore, keep the words of this Covenant and do them that you may prosper in all that you do” – Deuteronomy 29: 9.
“Study this book of instruction continually. Meditate on it day and night. So you will be sure to obey everything written in it. Only then will you prosper and succeed in all you do” - Joshua 1:8
The core of the Covenant is nothing else but Love. Love is what our life should all be about. Love is what will make you rich, not wealth nor money.
Love can prosper you. Pray for your customer and love all of them. 90% will stay with you even when a competitor comes and offer the same product or service at a much lower price.
If you want to prosper and succeed, follow the Covenant. And what is the Covenant? In its core, it’s love.
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Our financial health is just like our physical health. We can either be healthy, or we can be sick. And who wants to be sick, right?
But what causes diseases and sicknesses to our physical self? A weak immune system. And what causes a weak immune system? There are three things:
- Toxins
- Malnourishment
- Imbalance
And what are the reasons of the weakness? There are also three things.
Financial Toxins is one reason some of us are financially dying due to financial cancer. And where do we get exposed to financial toxins? Through toxic debt.
Consumer debt and those debts that you can’t pay the monthly payable of, those are toxic debts. These toxic debts will and is eating away your financial life. Too much of these financial toxins and your financial life will crumble and die.
Cure for Financial Toxins: Detoxify all your toxic debt from your financial life. Stop adding to your toxic debt. Live within your means. What you spend should be less than what you earn.
But that doesn't end there. Live within your means, but by all means, expand your means, so that you can expand the way you live.
Financial Malnourishment causes us to become financially overweight. The extra financial baggage is called toxic bloat, they look rich, but they are really financially malnourished inside.
You may have a lot of money and look and feel rich. But if you save your long term savings only in a bank account, you are suffering from financial malnourishment.
Think about this: your bank account may be earning around 1% a year in interest. And that would be great (because it’s free money) if it weren't for inflation. Inflation eats away at your money’s buying or purchasing power at a rate of around 4-7% a year.
Think about it. Today, the money that you have now can buy a lot less items than it would have 10 years ago. That is how inflation works. The value of money gets lesser and lesser as time goes by.
Cure for Financial Malnourishment: What you save should grow more than what you lose. Because of inflation, your money shrinks in value or buying power. So it is not wise to just put your money in your bank account and consider yourself rich.
Invest your long term savings in a business, real estate, paper assets, stock, mutual funds, and anything that will have a higher earning power for your money than just a bank account. Of course, in depth research must be done and due diligence is really important before undertaking any investment and/or business, but all these will be worth it in the end.
Financial Imbalance comes from not having equality in your life; when you have something more than what its opposite is. In your financial life, it could be pride. Pride is when you do things without the help of others and doing something without first knowing anything about it. Pride is doing unreasonably risky things without prior knowledge or wisdom.
You could have more pride than knowledge or wisdom, thus you will have financial imbalance. You want to earn more without first increasing your wisdom and reducing your risks.
Cure for Financial Imbalance: What you earn must be equal to what you know. You must increase your wisdom and knowledge, so that your risk will be minimized. The more you know, the more you earn. It should not be in reverse.
Follow these three rules to become a Healthy and Truly Rich person:
- What you spend should always be less than what you earn.
- What you save should always grow more than what you lose.
- What you earn should always be equal to what you know.
Are you ready to become one of the Truly Rich? Let my mentor, Bo Sanchez (the preacher in the video) tell you how.. Click this link now: http://bit.ly/TrulyRichYou (sponsored)
