Traditional financial advice has us blindly stashing money into the stock market or retirement accounts as a long-term financial solution. “Trust the experts” – they say. They expect us to simply believe that one day this money we stashed away would magically grow to an amount large enough to support a family’s future needs.
This advice is not all bad – It IS POSSIBLE. With consistent discipline and the magic of compound interest, it’s absolutely possible. But what they fail to mention is….. This advice only works for a certain type of person with a certain type of financial profile. For example, a person who:
- Can afford a passive approach to building wealth. Because they started with a clean financial slate (without overbearing debt or crippling generational poverty habits to break).
- Has a foundation of proactive and disciplined money habits, perhaps learned first-hand from parents or mentors.
- Most importantly, for people who actually have a future plan for their money.
It may seem obvious to some – the need for a future money plan – but so often we find ourselves consumed by our day-to-day needs, like making sure food is on the table and a roof over our heads. Only once our immediate and basic needs are met, then can we start to feel stable enough to prioritize our future financial needs.
Imagine how many people are stashing away a percentage of every paycheck into an account that they have no idea what it’s doing OR have plans to add any other strategy to the mix.
I am not here to discourage you from 401k or stock market investing. Instead, I use these examples to explore the idea and ask the question: Regardless of how much money you save or invest – if you don’t have a clear plan of what to do with that savings – what’s the point?
If you’re like most of us, you likely do not fall into the 3 categories of those types of people. SO, what can we do about it?
Take matters into your own hands. Realize that we don’t haveto measure wealth and success the same way anymore. There is virtually an infinite number of ways to define what your desired version of wealth and success looks like.
The [real] problem is, we take certain financial advice like there is a one size fits all wealth strategy.
Too often we relinquish our power (for valid reasons, like lack of financial confidence) to others outside of ourselves. Even if a professional financial advisor, nobody outside of yourself can identify and receive what you truly desire. I’m talkin about your deepest innate desires.
In order to solve this problem that’s deeply ingrained into our society, we must first clearly define it.
The Problem
When credit cards were first introduced into our society, they were marketed as a ticket to a more exciting life. Still to this day, our popular culture (TV, movies, and music) suggests credit cards are best used for luxury living and frivolous spending.
But when we dig into the real-life data, we realize most consumers use credit cards for everyday expenses, especially in times of crisis like sudden illness or job loss. The Federal Reserve report on Economic Wellbeing in Households in 2018 suggests that 4 in 10 Americans would struggle to cover a $400 emergency expense.
It’s no wonder why we find ourselves using high-interest credit as a crutch. Just look up the shocking stats about the full-time minimum wage earner and how they can’t afford to rent basic apartments in the cities they work in. (Affordability = spending no more than 30% of wages on rent). There is obviously a fundamental flaw in our economic system.
Credit cards are not inherently bad. Matter of fact, credit cards can bebeneficial because it gives us the opportunity to leverage other people’s money, ideally to increase our ability to make more money for ourselves.
Like most other double-edged swords, credit is just a tool. While it can be used to promote our ultimate goals – the gag is, we have to actually have a plan for it outside of our needs, wants, and relatively luxurious pleasures.
The Solution
I say all this to emphasize the idea that THEY DON’T WANT US TO WIN.
Think about it, They make MILLIONS off of our negligent spending habits. Why in the world would they actually educate us on the right way to leverage our Wealth? They have no incentive to help us. In fact, the success of their entire business model banks on keeping us in the dark and embezzling our coins through crazy interest and silly fees.
It’s time to take a stand and take ownership over our financial choices. We can’t afford to rely on the same old excuse that “nobody taught us.”
While it’s not our fault that we live in a society that encourages frivolous spending, it is our responsibility to do something about it.
If you’re still reading this message, you’ve come to the right place,
To solve the problem, you must first re-define your unique idea of how you want to experience your Wealth.
WE are not waiting for mainstream headlines to validate our new approach.
WE don’t need permission from anybody when we decide how to spend our own currency.
WE are the generators of our own Wealth.
As I’ve been experimenting with my own version of Wealth and preparing for Quantum Wealth Theory’s official Launch in October – I couldn’t wait to share with you guys!
This excerpt comes from Week 3: Program Update, where we recognize our unique Quantum Currency and learn how to spend it to enhance our Quantum Assets.
The idea is, we must recognize our ability to PAY ATTENTION – for the valuable currency that it is. And SPEND it to Appreciate your 4 Quantum Assets. These assets are unique to each of us and the price varies based on the person- everybody has their own unique currency.
Regardless of the differences, there is a common thread: If you focus on (Attention) what you Value – you increase your ability to recognize (Appreciate) and generate more of it.
Of these 4 Quantum Asset types, where do you recognize examples in your own life? Really, I wanna know! Please feel free to share and comment below.
- Clarity of Desire– Prioritizing the areas in your life you care most about. Once you’ve decided what deserves your Attention currency, you can transform this into fuel to propel and reach your Financial Targets.
- Growth Mindset – Ownership over your self-directed education and experiences that allow you to build wealth.
- Custom Skills – developed from your specialized knowledge and experience, these skills allow you to be more productive and valuable to all those you engage with.
- Kindred Relationships – with the infinite combination of connections and collective ideas, build solid relationships to supercharge your mission.
