Excerpt for Money, my Love by , available in its entirety at Smashwords

Sonia Baeriswyl


Smashwords 2018


Hello there and thank you for purchasing this book. What you have in front of you is so much more than your regular inspirational book. This is a book that would open your eyes and teach you important lessons you need to know.

In our world today, different people have different opinions about money, its value and its effect on people. Some people are of the opinion that money brings life, others view money as the root of all evil, still others feel money makes the world go round and without money it’s impossible to have any of your needs met. While neither of these views are entirely wrong, this book focuses on how you, the reader views money.

This book addresses one of the most discussed topics in the public domain. This is an informative guide that addresses your love for money and how to live a life free from money. We all need money for our daily activities but we need to also strike a healthy balance between excessive love for money and using it for our basic needs.

Money is good; in fact it’s great as you having it will guarantee a much improved and quality lifestyle. This book teaches us how not to be too obsessed with money as money is not everything in life. This book will address the issue about the type of mentality of a millionaire and how they were able to increase their wealth.

Why This Book Was Written.

The aim of the writer of this book is to reveal several truths about money to the reader. After reading this book, you will discover the true purpose behind wealth, how to maximize wealth and how to be free from the south called money-shackles.

Recent studies have shown that the average person spends 50% of his or her waking time thinking about how to get, keep, save, find or spend money.

As you read through the pages of this book, you would see that it’s not anti-making money but pro having the right attitude towards money. I’d like to rephrase that by saying having a whole lot of money is not wrong in itself but having a mind that is in love with money is the issue here and this is what this book will focus on.

Who Can Read This Book?

When “Money my love” was written, it was written with you in mind. This means “You” regardless of whether you are old or young, rich, almost rich, somewhere in between or nowhere close, plus size or slim, employed, unemployed or self-employed. Regardless of what you do or plan on doing, this book would give you the insight you need to live your best life possible and be the best possible self when it comes to your finances.

So without further ado I would like for us to begin this “not too long” journey together. Join me as we explore not only what the mind of the average money lover looks like but more importantly as we discover how to make and spend money without being a money lover.



Money is nothing than to be seen as a medium of exchange. Everyone wants to make money and have much of it. Several questions could be bugging our minds about money and why some people are getting richer while some are getting poorer.

To a large extent money can buy happiness as money is closely connected to happiness. You feel a kind of happiness and peace of mind when you realize that you have money in your pocket to spend. You have this feeling that you cannot be stranded at any point in time as you can simply spend your way out of any trouble. This is a good feeling that money brings to you. Therefore, we tend to develop so much love for money than we should have. This is the genesis of most of our present predicament as we do not know how to control our cravings and love for money.

Economist say that human wants are insatiable so also is the quest for money insatiable and domineering for those who allow themselves to be put under the bondage of money. You need to find that connection whereby you can transform your hard-earned money into a good life.

The connection between money and happiness doesn’t seem smooth. You often stress yourself to stay late at work or struggle in order to save money and invest it profitably. But that doesn’t still guarantee you happiness as you have to go through a lot to make money. The relationship between money and happiness appears more complicated than you can possibly imagine.

This has led to many studies by economists and psychologists about money. They seek to unravel the mystery behind the reason why having more money could still lead to increase unhappiness and why one doesn’t seem satisfied with the amount of money he has even if it is sufficient enough to meet his needs. The more money you have the more you want. Why does buying a luxury good give you a momentary happiness and joy?

To answer this questions which seems depressing, there are some answers that were derived at which could be a bit encouraging. You can find happiness from money as long as you exercise some precautions. Don’t get too obsessed with money; don’t allow it to control your actions. Know what to expect from money and don’t expect too much as it could affect you mentally if you do not attain the high expectations you have placed for it.

Know that you do not have to buy a Range rover car before you could be happy. You should seek for happiness aside from money as happiness derived from money doesn’t last long and it can fade away as your income dwindles.

To permanently manage your happiness alongside your money you need to undertake certain lifestyle changes. This will help to ensure you live the right way to make money and also enjoy it.

Conclusively, loving money is not bad but it needs to be managed properly so it does not spill out of control.

In the preceding chapters we will be discussing about money, our love for money and how we to enjoy our lives while being rich.

Table of Contents

Chapter One

Loving Money – Why You Should Love Money

Chapter Two

Why Do People Love Money So Much?

Chapter Three

So Why Is The Love Of Money Evil?

Chapter Four

The Pros And Cons Of Being Rich And The Ideal Amount Of Money To Earn

Chapter Five

What Are The Millionaire’s Secrets Of Making Money?

Chapter Six

Loving Money

Chapter 7

Ways To Think About Money

Beliefs About Money That Are Making You Broke

Biblical Financial Advice

Couples And Money

Does More Money Cause More Problems

Forming A Healthy Relationship With Money Which Doesn't Own You

How Long Does It Take To Make Money.

How To Attract Money And Wealth With The Law Of Attraction

Immutable Laws Of Money Control

Is It Really Possible To Manifest Money

Money And Life

Money And Spirituality

Money Consciousness

Money Is Not About Finances, It’s About Emotions

Money Mindsets Of The Rich The Poor And The Lost

Premonitions:Making Money With The Mind

Sharpening Your Financial Intuition – Ways Money Talks To You

The Way Millionaires View Money

Thinking About Money And Religion: Power, Belief, And Cultural Imagination

Understanding Money

Why Money Is Important


Chapter One

Loving Money – Why You Should Love Money

The most powerful emotion human beings feel is love and the results we tend to get in life has a lot to do with emotions. Today, many millionaires who seem to live a happy life and most fulfilled especially in business and in terms of making a difference in the world are those expend their passion and love for what they do and the success they achieve. This is possible because they do not love money. When someone loves money, it does not necessarily mean they lust after it or they are even motivated by it but they focus on what they do because they love doing it and other people who are the source of all the money are motivated by the positive energy they exert on what they do and therefore they are willing to give them lots of money. Jeff Bezos of Amazon, late Steve Jobs, Oprah or Richard Branson or new billionaire Sara Blakely, the creator of Spanx are super wealthy people that are driven by their love for what they do. They love everything about what they do in the world including their ability to create great wealth, they don't hate money or think of it as an evil force. They only enjoy it as the fruit of their labor.

There are several great reasons why you should love money;

  • The way the world lets you know you are on the right path is dependent on how much love you have for money.

  • You should love money because people will be attracted to you and what you are producing when you exude that love energy on what you do. The world loves a lover and the message you need to pass across to the world is that “I am filled with love for my life, my work and my constantly increasing prosperity, and everyone likes to come close to me and buy what I am producing.”

  • You should love money because the alternative sucks. Disdain or even mildly disliking money only leads to poverty, unhappiness and frustration.

  • You should love money because it gives you the freedom and time to love everything and everyone else in your life. This means saying to yourself that “I have a good life because I have the ability to own my time and I have the freedom to do what I want when I want and with whom I want to do it.”

  • You should love money because it allows you to have a lot of positive impact on the world. People love the difference you can make because of your financial success.

  • You should love money because if it is the only inanimate object that has the ability to love you in return.

  • You should love money for the sheer fun and joy of spending it for every necessary things you need and sharing it. The youngest self-made female billionaire in history, Sara Blakely says that:”Money is fun to make, fun to spend and fun to give away!"

These two lexicons of the essential aspect of life, love and money are two vital parts of any happy and fulfilled life because they share incalculable common traits such as;

1. Energy: Perhaps the most common trait that money and love have is that they both involve energy and on many occasions, they require the same energy level. This energy we project out to others is created inside our deepest being. You can feel it when you’re in the presence of someone actually emanating this energy and it is very difficult for anyone to resist.

2. Communication: Another important trait in having a successful, happy and fulfilling relationship and having lots of money flow into your life. Communication is the key to being one of the richest people in the world says Warren Buffet, You can get an MBA, but if you improve your communication skills, it is guaranteed you that you will earn 50% more over your lifetime.

3. Painful Loss: Having a big loss in business or losing a major loved one can be very devastating and your reaction to that loss can be the resultant effect of how easily you believe you can replace either that money or that loved one in your life. In both love and money, your capacity for resilience which is the ability to bounce back from a loss or setback, determines your level of joy, fulfillment and positive results.

4. Showing Off: Both love and money often lead to this. We are proud to let other people know that we have someone wonderful, sexy, attractive and charming who loves us or proud that we have achieved lots of financial success. In both areas we sometimes go overboard in showing off to others and this can bring about resentment from others but here is a secret to prosperity, the more people who enjoy and applaud your success rather than resent it, the more likely you are to keep increasing that success.

5. Addiction. You can become addicted to money and you can become addicted to love till you get to a point where you obsessed about it either day and night. Late Ken Keyes Jr. said in one of his bestselling books, “The Handbook to Higher Consciousness,” an addiction is any desire so strong that not achieving it makes you upset, angry, or depressed. Here’s something to ponder. Ken Keyes Jr. also said, “You are receiving a signal or a warning to get rid of some addiction in your life every time you feel emotionally uncomfortable or out-of-sorts.” He was not implying that you had to get rid of something you strongly desire but instead he suggested that you upgrade it from an addiction or compulsive attachment to a preference for that certain thing. We should not be obsessed with making lots of money and getting a lot richer but we must definitely prefer it to the alternative.

6. Stinginess: You can be tight-fisted with your money or your love. Once you hold tightly to something, it gets crushed, diminished or eliminated entirely but what you freely use and share with others gets enhanced and expanded.

7. Feelings: Money and love share emotional amplitude. We all have strong emotions that can be triggered in these two areas of our life. In both money and love, it’s not about achieving a specific goal, probably earning a particular amount in a certain way or finding a person to love who meets up to our standard. No, it’s about how the results you do achieve make you feel. What we are all really looking for is the feeling we imagine we will have if that special someone shows up or the feeling we will have when unlimited cash arrives in our account.

8. Old Stuff: We have old history, old beliefs, and even old myths in both money and love that get in the way of our achieving greater success right now. Many people are still holding onto the old belief in terms of earnings that you will achieve your highest potential in this aspect if you find a company to work for and if you are a loyal and hardworking employee for forty years, you retire with your gold watch and a generous pension to begin a life of leisure. In love, we may be holding onto a fantasy about what the perfect partner will look and act like, often times these fantasy beliefs came from our parents or other significant people in our early years in life. This construct or concept is filled with an amazing number of stereotypical myths. This was never true for most people but certainly in today’s totally transformed economy, the best response one can offer up for that idea is Fat Chance. Allowing a sense of lack about love or money in your life might be a message telling you to look at the path you have chosen. When you do this, you might find it resembles an obstacle course, littered with large bags of old ideas

9. Forgiveness: The level to which you are holding on to anger or sadness about something that happened in your love life or your work life is the level to which you may be living a limited and constrained life. The secret about forgiveness is that it’s not about being a nice person or making the other person feels good, it’s about setting yourself free from those energy-draining limitations and constraints.

10. Other People: Our love and our money can be gotten from other people; this is often ignored when the so called prosperity teachers talk about 'The Law of Attraction". One of the highest manifestations of success is to have other people love to give you money. This truth is that people love to give me money for what they have seen to be productive. There are no boundaries to what you can accomplish in life when other people give you what you want in terms of love, money, advice, opportunity, acknowledgement and support and these are exactly the people you will attract when you project a loving personality, a loving energy and a love of what you do.

How Do I Know That I Am A Money Lover

We spent the last chapter talking about the reason why people love. The next question to ask is how exactly do you know if you are a money lover? The following questions should help you find out.

  • Do you spend more time pondering on how to make money or on how to provide better goods or services to the people you service? To explain further, if you are offered a new or old job, do you focus more on how to do a good job or on how to get money from it. When someone comes to offer you a proposal, do you wonder how well the person would perform or what you stand to gain from the whole deal? If you discover that you are only or more concerned with how much money you get to scoop away, you fall int9 the category of money lovers.

  • When you go to sleep at night or have daydreams during the day, what are your dreams about? While people may find themselves dreaming about family trips and other love related things, if you find out that all you can ever think or dream about is money or money related matters then you just might be a money lover.

  • Do you notice that regardless of the amount of money you have in your pocket you are never satisfied? Has your annual income tripled over the years but you still find yourself feeling ungrateful or like you are deserving of so much more? You know you love money when you never have enough. More more more becomes your song cry.

  • You know you are in love with money when you derive joy or pleasure in flaunting it or showing off. You feel happy when you can show off your money or whatever you got with it. Wearing your new purchase, driving the newest car or flaunting your other brand new phone gives you exceeding delight.

  • Do you detest giving away money or stuff to other people? If you do then you probably do love money. The reason behind this is that you may feel like you are using all your time and strength to acquire the wealth hence it should not be dispersed so easily. To you, giving it away equates to throwing away all of your hard work. For this reason, you become tightfisted. You only use your money to please yourself directly or indirectly.

  • .Do you do EVERY SINGLE THING to acquire wealth? Do you find yourself cutting corners or scheming to have more money? If you discover that you would give anything or do just about anything to make money then you are a money lover. When you find yourself doing whatever it takes to be richer than you were initially. Doing any and everything to acquire wealth means to be willing to lie, cheat or steal to get money. Whatever you have to do to make money you do it.

There’s a Roman proverb that says “Money is like sea water, the more you drink it, the thirstier you get. Regardless of what you think or how you look at it, if you are a money lover, you can never have enough money. You keep digging an endless pit with the hope that you would hit a huge treasure chest, but guess what, you do hit the chest and you are marveled by its content but not for too long. The more money fever hits you and refuses to let go of you”.

Chapter Two

Why Do People Love Money So Much?

Money is a tool of voluntary cooperation.

Basically, there are two ways to interact with people. You can either force them or you use voluntary consent. It is immoral to deal with others by forcing them into what they are not willing to accept, everyone is entitled to an inalienable individual rights of liberty, life and the pursuit of happiness. Everyone should be free to do as they desire long as they are not violating the rights of others. It is obvious that we can’t force people to do as we desire and we can’t prevent people from doing things that don’t violate our rights. People now largely ignore the principles of liberty and individual rights as well as the constitution that these countries were founded on but this does not change the truth in them. We must realize that others might not choose to do as I might wish but it still doesn't justify using force to compel desired behaviors, such as forcing people to do charity for an undefinable common good.

However, if we can’t force people to do what we want, then the only alternative is to try to convince them to cooperate voluntarily. There are several ways to do this; you can plead with them, you can promise to do something for them in return, you can promise to give them some of your property. There are times people will do things for you just because they love you or because it makes them feel good. These methods work more for people around us but often fall short when we are dealing with strangers because most times, money is involved.

Money is a tool of mutually beneficial exchange.

In market transactions, money allows us to exchange value for value. In contrast to the popular belief, these market transactions are not a zero-sum game where one person benefits at another person’s expense. A voluntary exchange only takes place if both parties involved know that they will benefit from making the exchange. People will only buy a commodity if they think that what they are buying is worth more than the money that they need to give up to buy it and those selling the commodities will only sell something if they think that what they are selling is worth less than the money that they would get by selling it, this is the essence of capitalism. Capitalist markets have a pricing mechanism that organizes a wide and detailed web of completely voluntary behavior.

Money enables a better standard of living.

Money doesn’t give am assurance that you will be able to get what you want, others still have to be willing to give it to you. You are out of luck if they are not willing to voluntarily consent to the exchange you offer them. However, money simplifies things. Imagine how difficult it would be to get things if money didn’t exist. Trying barter would be possible but it is complex due to the fact that the person who has what you want might not want what you have to offer. Money makes the process of exchange much easier by providing a standard of exchange that is almost universally desired and accepted.

Money allows for more prosperity than we could be without it. Due to its ability to facilitate exchange between individuals, it allows a far greater degree of specialization than would otherwise be possible. Spending most of our lives working just to live at a subsistence level will get us stuck; we will not be able to enjoy even a fraction of the luxuries that we enjoy today. Money allows us to focus our attention and energy in order to be able to create value more productively in narrow specialties providing values that we can then exchange with others. Think about what a difference it would make to your life if you were out deep in the woods and had no way to exchange anything with the outside world. Most of your standard of living would be eliminated without the ability to exchange with others. This is one of the great importance of money.

Money helps us to pursue our dreams and passions

Money allows us freedom to choose what we want to do to get money as much as it allows us to be more prosperous. We don’t have to spend all of hours in the day working just to gather food, build shelters and make clothing. We can instead choose to earn money by doing something more interesting and fulfilling. Before money came into existence, there was not much of a choice, it's either you are a hunter or gatherer. Actually, it wasn’t quite that bad but the point is that the choices to make were extremely limited.

Chapter Three

So Why Is The Love Of Money Evil?

Why money is condemned too often if there is so much to love about it, remains a great question. Probably, it’s because there have been people all through history that have yielded themselves to do evil things just to get money, whether it is to steal, invade countries, commit fraud or by whatsoever means they could possibly get it. It could also be that there have been people all through history that have been willing to use their money to buy evil things. It could be partly a result of envy of people who have more money than we do. There seems to be a widely held misconception that wealthy people got their money by taking advantage of others, this is no truth in this. It is probably believed by so many people because the media portrays negative examples far more often than positive examples. The question is; are there wealthy people who have taken advantage of people? Absolutely yes. But there are people who are not wealthy who have also taken advantage of people too. Virtue and vice goes beyond economic classes. Irrespective of the motivation for the condemnation of money, condemning the love of something that has provided much benefit to the society is not the best. Money is just a tool and it can be used for both good and evil.

The fundamental principle for making money honestly

There is only one fundamental principle for making money honestly and it relates to the function of money as a tool of voluntary exchange. Making money is very simple; you just have to exchange something of value with someone. If you desire to be wealthy, you need to find a way to create much more value and exchange it with others that are in need of it. If you want an increase in your pay, find a way to be more valuable to your employer. If you run a business, find a way to provide more value to your customers. It’s a mutual thing; both sides to the transaction receive more value than they started out with. However, there is one thing you to keep in mind; when you are brainstorming on ways to create value, always realize that it is how others value what you have to offer that is most important. You might provide something of inherent value to society but isn’t valued very highly in monetary terms by the market. A very suitable example of this is motherhood; being a mother is arguably extremely valuable to society, but it is very rare to be paid to be a mother. Why doesn’t the market pay people to be mothers? That’s simple. It’s because so many women are willing to be mothers for free. In determining the market value of a product or service, both demand and supply are of great importance.

However, if you want to make a lot of money, then you have to find something that is valued by the market. It’s not just about being hard working. You could be the hardest working French fry guy in the history of McDonald’s but you won’t get rich from it reason being that it is simply not valued very highly by the market. There is nothing wrong with working hard, but don’t make the mistake of thinking that hard work will make you earn a lot of money. There are so many people throughout the world who work extremely hard and are barely able to cater for themselves. Money is a perfectly fair reward for providing value to society. Ignore those who might look down on your desire for money.

Chapter Four

The Pros And Cons Of Being Rich And The Ideal Amount Of Money To Earn

Recent survey has it that when most people are asked about that thing that will dramatically improve their lives. The answer most people gave is that they want to make more money. Despite the response of most people believing that making more money will improve their lives we still have some rich people who are unhappy. This shows that money can’t buy happiness.

What’s the ideal amount of money for a person to have?

It’s one thing to determine if a certain increment in your money will add to your happiness. It’s another thing to also note if a certain incremental in your money above a certain threshold can subtract from your happiness due to the extra through the additional stress it brings.

It’s of course considered a luxury when you decide to pursue making another few million dollars of wealth aside from the ones you have already made. More than a billion of the world populations live on a dollar a day or less. This leaves us with a little fraction of the population that lives well above the one dollar benchmark.

Almost all business people, entrepreneurs and financiers still strive to make more money despite the fact that they are rich already. Someone once said “A million dollars is not enough, go for a billion dollars”.

There is a big difference between a million and a billion. This brings us to defining the various degrees of riches. There are three stages of rich:

  • Affluent – Still Have to Work

These set of people live a comfortable lifestyle but they still need to work to maintain such comfort. Being comfortable means all their basic needs are being met such as health insurance, feeding, a modest retirement account, and some fallback in case of job loss. An affluent person also has some money to use for recreation occasionally. Their lifestyle is seen more as a choice one and they could even fall into the rich category later in life if they were able to build up and save more.

  • Rich – Don’t Have to Work

These sets of people are those whose lifestyle flows along with their net worth. These sets of people simply enjoy their lives as they do not work on things they do not means they do not feel like doing or enjoy doing. They can simply spend their time on anything that suits them.

  • Super Rich – Have to Work in order to Give Their for charity

The third class has to do with individuals whose net worth amounts to tens and hundreds of millions dollars. They possess more money than they could ever need or get to spend personally. This gave them the opportunity to redistribute the money round to those who needed it the most.

Which group do you wish to join?

Because most people choose to have more money and be super rich, they will by default want to join the super-rich group.

What are the benefits of being super rich?

Sometimes you hear about how miserable some rich millionaires are and how some are passing through a lot of mental stress. But that is not to say that it’s not good to be rich. Let this sink in: it’s better to be rich than poor and its more awesome to be super rich.

Don’t let people’s perception about the struggles of a rich man to get at you because we also have several happily rich people. It’s so nice to be super rich for several reasons.

  • You are going to lead a life of meaning

This is the best part about being super rich. Though, this doesn’t guarantee you happiness all the time because happiness is linked with your present circumstances and situations which could change from time to time. But you will feel like your life is worth living.

  • You can meet anyone in the world

This is another reason why you may want to be super rich as you will get to meet anyone you desire to meet in the world. You will meet with famous personalities and politicians.

The Way Millionaires View Money Is Different From Everyone Else

One of the most talked about topic nowadays is that of money. Many feel that the wealthy ones have a sort of undue advantage as they blame them for the inequality in money distribution. Of course those are valid advantages which resonate well with some people. However, the truth is that there are absolutely no unfair advantages.

Everyone is presented with the same opportunity to make wealth. The greatest impediment for making wealth to most people is their beliefs, thoughts, and philosophies about money.

There is a big disparity between the way wealthy and the middle class view money. The different view point is so large that it seems they both reside on a different planet entirely.

Chapter Five

What Are The Millionaire’s Secrets Of Making Money?

1. The wealthy focus on earning.

While others focus on protecting and hoarding the little money they have, the wealthy focus on earning as well as saving. Most people are more concerned about saving and investments, they do not dig deep and inculcate a millionaire’s mentality towards earning a fortune.

The wealthy mentality focuses more on using their mental energy to make big money, refusing to focus on living frugal lifestyle and clipping coupons.

2. The wealthy use leverage.

In millionaires mind they leverage on everything as they focus their efforts on the businesses that will yield them most profits. They make use of their credibility, personality, contacts and resources to maximize the results of every action embarked upon. Other people see hard work as a prerequisite to wealth whereas smart work is the key.

3. The wealthy think about money in non-linear terms.

While others view money as time based thereby creating a perception that money is directly related to time. This creates an erroneous belief in the minds of a middle class person that to make more money you need to work more hours.

However, the millionaire’s beliefs that making money doesn’t have to be linked linearly with time. They have mastered the art of making money through problem solving ideas. They realize that ideas are not restricted as it has no bounds so also is there no limit to the money they could generate. With the right ideas coming at the right time, great fortunes can be created.

4. The wealthy see money through the eyes of logic.

The wealthy are more realistic about the way they view money as they see money for what really it is and not for what it is not. They logically view money the way they want to view it. They see money in the positive light which is against the way many others see money as.

Many middle class people can’t view money without adding a negative tone to it. They allow their emotions to cloud their thoughts about money.

Millionaires learn to ditch their emotions and allow reason to be their sole guide. This is because emotionally thinking about money will always restrict your earning capacity. Therefore, to be financially free you need to make use of logic to decide on your financial strategies and also to motivate yourself to stick to it.

5. The wealthy see being rich as a right.

The average person sees being rich as a privilege accorded to only those people who are lucky. Wealthy people who engage their minds into thinking great ideas know that in a capitalist country they are entitled to riches once they are prepared to create massive value for others.

They have the strong belief that once they take up the responsibility of making life easier for others they also deserve the right to be rich. They are always exploring new opportunities and how to double their income- and are often detested by the masses that accuse them of being too egocentric, materialistic, and greedy.

The super-rich ones believe it’s their right to be rich due to the value they were able to create for others. You need to also stop thinking and believing that self-made millionaires are just lucky. Start believing in yourself and your ability to make money as you are worth more than what you presently earn.

One of the most important things you need to note about money is that being super-rich is not a function of your level of education level, IQ score, or academic performance. Don’t view money in terms of fear and scarcity; rather start viewing it through the perspective of freedom, opportunity, possibility and abundance.

If you're rich, keep thinking the way you're thinking. If you are not, then it’s time for a radical change in the way you think about money.

Chapter Six

Loving Money

Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.”

Benjamin Franklin

Having money is not opposed to leading a simplified life, but the excessive love of money is. You can never satisfy your love and cravings for money. It’s insatiable as it always wants to desire more. It keeps us in perpetual bondage to its cravings as our attitudes and actions will always work in line with its desire.

When the love of money is present, freedom is not.

The love of money is time consuming. This is so as we continuously think about how to find money, make it grow and save a lot of it. All this robs us of precious time which is our most treasured finite resources.

The love of money wastes our energy. When you love money it will definitely crave for more of your attention.

The love of money erodes our values. We often become a different kind of person when the love of money becomes is found in our lives. Our conscience could be seared with the passion for money and we engage in behaviors that are unbecoming of us.

  • The love of money fuels competition.

  • The love of money keeps making you to desire all you already possess.

  • The love of money limits our potential. We can't become greater than that which we most desire. When we make money acquisition our greatest life's goal, then we can't become greater than our account balance.

  • The love of money attracts the love of money. This statement is true as we attract like-minded people. So if you love money, be sure to also attract those who love money like you do. The more you move with such people the more your passion for money grows.

  • The love of money destroys other love. Many have sacrificed their true passions and desires due to love of money as they intend to acquire more money. Many passionate dreams have been killed by this love of money.

To do a quick check about knowing if the love of money has killed your dreams or not, you need to sincerely answer this question, “what will you have been doing today if the need for money hasn't been a factor?"

How do we now move beyond the desire to have more money?

Here are few of my thoughts:

1. See money only as a necessary tool to navigate through life.

Money at its core is a tool for exchange of goods and services. With money we can actually barter for clothes, furniture and other things. Since we have money you can spend it on things that you value. Money should be seen as a tool to acquire those things you will need in life. So, when enough of your needs have been met you shouldn’t spend much of your trying to acquire more.

2. Be content with poverty or great wealth.

Contentment is a great gift we should all strive for if we really want to make headway in our quest for eliminating love of money. There are several poor people who are simply contented with their present state. Conversely, there are some rich people who are far from being contented as against when they were at a poor state.

You can't get contented through your possessions but your attitude needs to change to a contented one. The sort of attitude you put in matters if you are to curb the menace of love of money.

3. Avoid debt.

It is a common quote that “a lender is a slave to his creditor”. You put yourself in bondage when you spend more than you earn. You need to start living a simpler lifestyle and try to get some help when you are deep in debt.

4. Remember that money comes and money goes.

Money flows just like the waves blowing over the ocean. Sometimes, we have to run a profit and loss balance at the end of the day to know if we are gaining or losing. Note that at times you might have a lot of money leftover and at times there are shortages. That is the exact nature of money. Just flow along with the way it comes, welcome them as it’s a cycle.

Chapter 7

Ways To Think About Money

  • Demographics are destiny: The U.S. economy has grown roughly 3 percentage points a year faster than inflation over the past 50 years, with half of that growth coming from rising productivity and half from an expanding workforce. The economic growth is likely to be slower with the workforce projected to grow at just 0.5% a year, well below the 1.5% average, recorded historically and this will also result in more modest corporate earnings growth. The effect of this occurrence is that stocks probably won’t correlate with their strong historical performance, though they will likely still outpace the returns from cash investments and bonds

  • Start with everything: Today, when we consider the so-called global market portfolio; the investable universe of stocks, bonds and other investments owned collectively by all investor and we decide what we want to subtract. We end up in roughly the same place, though this approach has made people more willing to invest abroad I view of the U.S economy.

  • Ponder your paycheck: The most valuable asset for most people in the workforce is their so-called human capital which is their income-earning ability. It is advisable to design our financial lives around that paycheck or there will be lack. For instance, those who are employed may need disability and life insurance, in case they can’t provide for themselves or their family but they also have the free will to invest heavily in stocks because they don’t need income from their portfolio. By contrast, those who are retired don’t need to protect their human capital with disability and life insurance, but they probably ought to hold more bonds now that they no longer have a paycheck.

  • Stay grounded: Many investors inflicted huge financial damage on themselves, by bailing out of stocks at deeply depressed prices in late 2008 and early 2009. How can this mistake be avoided in the future? We need a sense of the stock market’s value that is clearly distinct from the current prices.

To that end, consider this approach: Imagine a line climbing steadily at 6% every year, this is a forecast for long-run U.S. stock returns, based on current dividend yields and likely growth in corporate earnings per share. However, in the short run, stock performance will be all over the map. If returns are above the 6% per year growth path, we should be glad because that is good fortune but we should realize that we will likely pay a price later in form of lower returns. We may not be glad as much when performance is below 6% a year but we should take comfort in the awareness that at some point, stock performance will likely meet up.

  • Consider the consequences: We should think less about the odds of some risk becoming reality and more about the consequences. For instance, it’s highly questionable that U.S. stocks will suffer the same fate as Japanese shares, which today languish at less than half their end of the year 1989 price. But if the questionable came to pass, it would be calamitous for anyone who invested exclusively in U.S. shares. This is why we should probably keep 30% or more of our stock portfolios invested abroad.

  • Fix your future: We have seen a collapse in the U.S. savings rate over the past three decades. Many Americans would have preferred to save more but they simply can’t because they have boxed themselves in with high fixed living costs which include items like mortgage or rent, phone plans, car payments, student-loan payments, cable bills and more. We will suffer less financial stress when we aim to keep fixed living cost to 50% or less of our pretax income, there will be a greater ability to save and have more money for other discretionary spending. An added advantage is that these low fixed costs will give us extra financial breathing room in case we lose our job or we’re retired and our portfolio takes a battering from rough financial markets.

  • Don’t ever retire: The typical retirement age needs to rise as the developed world population ages or we won’t have enough workers producing the goods and services that the society needs. This should not be a cause for hopelessness. The distinction between work and retirement needs to disappear, not just for the good of the economy but also for the good of everyone's happiness. The fact is that many folks get a lot of satisfaction from work but we need to realize that retirement should be seen as a chance to take on new challenges either paid or unpaid rather than deliberately avoiding them.

  • Dying isn’t the problem: Most Americans are optimistic people except when it comes to their own life expectancy. For proof, don't only look at the pitifully low sales of immediate fixed annuities that pay lifetime income but also at the many retirees who claim Social Security at age 62 which is the earliest possible age. If you think you’ll die relatively young both strategies is feasible. For the retirees, their biggest financial concern shouldn’t be dying early in retirement rather, the big risk of living longer than they ever imagined and running out of money before they run out of breath. If this is considered a big risk, we should delay Social Security until age 66 or even age 70, and also consider using part of our bond-market money to buy lifetime income annuities.

  • Aim for enough: The goal of managing money should not be to outperform our neighbors, become the richest family in town or prove how clever we are. Rather, the goal is to have enough money to lead the life we want. If this is the utmost objective, it becomes far clearer how we should manage our money. We will try to avoid unnecessary risks and pursue strategies that have a high likelihood of success which means diversifying out portfolios as broadly as possible, buying insurance against major financial risks and avoiding efforts to beat the market and instead buying low-cost index funds that simply replicate the performance of the market averages.

Wealth My Tool Not My Destination.

In the chapters before this, we emphasized on how money isn’t the enemy but how loving it can be detrimental to you and your relationship. In this section, we will be focusing on how best to handle wealth to get the best results in life.

There are times in life when you stop to think about how we have spent life so far, who is most important to us and how we have dealt with them. For some of us, we realize at those times that we really have not invested time and energy into caring for those we love. For the most of us, money is in our drivers seat, we revolve all our decisions and decision making (directly or indirectly) on the acquisition of wealth.

If we all could pause for a second to think about the future, think about our destination and think about who or what would matter most to us in the end, we all would be able to redirect our energy and resources to what is most important- building long lasting relationships.

Fixing Your Relationship With Money.

Like with all other things in life, getting something fixed would entail finding out what is wrong with it. The question to ask yourself are

  • What is wrong with your relationship with money?

  • How do you handle money?

  • How do you treat people when money is involved?

  • What is your number one priority in life?

Discovery 1:

Answering these questions, you might discover that money and wealth acquisition, your profession or means of livelihood takes precedence over every other thing or person in your life.

Most of us say we need to work hard to take care of the people around us or that we are the only ones working while the others sit on their behinds from morning to night. While these may seem like good enough reasons to put money and its acquisition in the front burner, it’s not the best thing to do. Fast-forward to a few decades from now, what would matter the most in your life would be the relationships you have built and kept.

Discovery 2

You may discover that your relationship with money revolves around fear. Some people have this view that money corrupts, should be avoided. These people deliberately settle for lives with just enough money to get by. They believe that wealth both distracts and destroys so they do all in their power to ensure they do not have extra of it.

Beliefs About Money That Are Making You Broke

Thеу are thе mоnеу рhrаѕеѕ wе hаvе all hеаrd bеfоrе, аnd thаt mаnу оf uѕ ѕау bоth соnѕсіоuѕlу аnd ѕubсоnѕсіоuѕlу аll thе tіmе. Bе саrеful, ѕоmе of these ѕееmіnglу hаrmlеѕѕ рhrаѕеѕ аbоut mоnеу саn асtuаllу іntеrfеrе wіth thе wеаlth-buіldіng рrосеѕѕ.

Lеt’ѕ tаkе a look аt nіnе оf thе most рорulаr рhrаѕеѕ аbоut mоnеу:

It tаkеѕ mоnеу tо mаkе mоnеу

Thіѕ рhrаѕе іѕ lіmіtіng аt bеѕt and dеѕtruсtіvе аt wоrѕt. Thе truth іѕ уоu hаvе tо hаvе grеаt іdеаѕ thаt ѕоlvе рrоblеmѕ tо mаkе mоnеу. If уоu dо, уоu wіll аttrасt mоnеу lіkе a mаgnеt. Wеаlthу іnvеѕtоrѕ аrе аlwауѕ оn thе lооkоut fоr thе nеxt bіg іnvеѕtmеnt thеу саn ѕіnk thеіr tееth іntо.

Mоnеу dоеѕn’t grоw оn trееѕ

Fіgurаtіvеlу ѕреаkіng, mоnеу dоеѕ grоw оn trееѕ; аnd thе trееѕ аrе іdеаѕ. Thіѕ bеlіеf ѕеtѕ реорlе uр to bеlіеvе mоnеу іѕ ѕсаrсе аnd dіffісult tо еаrn, instead оf ѕееіng mоnеу аѕ аbundаnt аnd еаrnіng іt іѕ as еаѕу аѕ ѕоlvіng a рrоblеm thrоugh реrѕіѕtеnt, сrеаtіvе thоught.

Anоthеr dау аnоthеr dоllаr

Thе masses trаdе tіmе fоr mоnеу. This сrеаtеѕ thе bеlіеf thаt making mоnеу іѕ a lіnеаr рrосеѕѕ dіrесtlу соnnесtеd tо tіmе. Thе аvеrаgе реrѕоn bеlіеvеѕ thе оnlу wау tо mаkе mоrе mоnеу іѕ tо wоrk mоrе hоurѕ. Bіg mоnеу rеԛuіrеѕ thіnkіng аbоut іt іn nоn-lіnеаr tеrmѕ.

Mоnеу іѕ thе rооt оf all еvіl

Thе rеаl ѕауіng іѕ асtuаllу “thе lоvеоf mоnеу is thе rооt оf аll еvіl, but hаѕ bееn mіѕԛuоtеd fоr сеnturіеѕ thаt mоѕt реорlе bеlіеvе mоnеу іtѕеlf іѕ thе rооt оf аll еvіl. Dесіdе tо bе рrоud оf уоur аmbіtіоn аnd іgnоrе реорlе whо tеll уоu thаt wаntіng tо bе rісh іѕ wrоng.

A реnnу ѕаvеd іѕ a реnnу еаrnеd

Thіѕ іѕ a vеrу dаngеrоuѕ bеlіеf аѕ it рut a mаjоr еmрhаѕіѕ оn ѕаvіng. Sаvіng іn іtѕеlf іѕ nоt bаd, but thе mаѕѕеѕ аrе ѕо fосuѕеd оn сlірріng соuроnѕ аnd lіvіng frugаllу thаt they mіѕѕ mаjоr орроrtunіtіеѕ. People muѕt rеjесt thіѕ nісkеl аnd dіmе thіnkіng аnd fосuѕ thеіr mеntаl еnеrgу whеrе іt bеlоngѕ: оn thе big mоnеу.

Mоnеу саn’t buу уоu hарріnеѕѕ

Thе mоѕt соmmоn mіѕсоnсерtіоn аbоut mоnеу іѕ that mоrе wіll mаkе уоu hарріеr. Yоu dоn’t gеt rісh tо gеt hарріеr; уоu gеt rісh fоr thе frееdоm іt brіngѕ. It аllоwѕ уоu tо lіvе lіfе оn уоur оwn tеrmѕ, but іt’ѕ unlіkеlу tо mаkе уоu аnу hарріеr. If уоu’rе unhарру wіthоut mоnеу, уоu’rе nоt gоіng tо bе hарру wіth іt.

A реnnу fоr уоur thоughtѕ

Thіѕ іѕ uѕuаllу a hаrmlеѕѕ phrase whеn people juѕt wаnt tо knоw whаt’ѕ оn уоur mіnd, but bе саrеful: If оvеruѕеd аnd іt реnеtrаtеѕ thе ѕubсоnѕсіоuѕ, уоu’ll ѕtаrt gіvіng away уоur іntеllесtuаl рrореrtу fоr рrасtісаllу nоthіng. Yоur IP аnd unіԛuе реrѕресtіvе саn роtеntіаllу bе wоrth mіllіоnѕ іf расkаgеd рrореrlу.

Sеlfіѕhnеѕѕ іѕ a vіrtuе

Thе mаѕѕеѕ аrе рrоgrаmmеd frоm аn еаrlу аgе tо рut thе nееdѕ оf оthеrѕ bеfоrе thеіr оwn. Whіlе thіѕ ѕоundѕ lіkе a ѕріrіt-drіvеn, hіgh-lеvеl рhіlоѕорhу, іt’ѕ thе worst аdvісе уоu саn gеt whеn it соmеѕ tо mоnеу. In оrdеr tо mаkе a lоt оf mоnеу, thеrе іѕ a реrіоd оf tіmе аt thе bеgіnnіng оf thе wеаlth buіldіng рrосеѕѕ where уоu must fосuѕ on уоurѕеlf аnd уоur buѕіnеѕѕ іn оrdеr tо mаkе іt аt аn unсоmmоn lеvеl. Onсе уоu асԛuіrе wеаlth, thеn уоu саn vоluntееr оr gіvе bасk tо сhаrіtу.

Mоrе mоnеу mоrе рrоblеmѕ

Anоthеr myth аmоng thе mаѕѕеѕ іѕ thе іdеа thаt mіllіоnаіrеѕ аrе wоrkаhоlісѕ оvеrlоаdеd wіth ѕо mаnу рrоblеmѕ thеу dоn’t hаvе tіmе tо еnjоу lіfе. Thіѕ іѕ аnоthеr еxсuѕе thе mіddlе сlаѕѕ uѕеѕ tо juѕtіfу being brоkе. It’ѕ аѕ іf thеу’rе lооkіng fоr a rеаѕоn tо аvоіd ѕuссеѕѕ bу mаkіng іt ѕееm unаttrасtіvе. Thе truth іѕ thе mоrе mоnеу уоu hаvе, thе mоrе соntrоl уоu hаvе оvеr еvеrу аѕресt оf уоur life. Thе mоrе mоnеу уоu hаvе, thе fеwеr рrоblеmѕ уоu hаvе tо реrѕоnаllу аddrеѕѕ. Whіlе thе mаѕѕеѕ аrе staying uр аt nіght wоrrуіng аbоut thеіr рrоblеmѕ, a mіllіоnаіrе іѕ fаѕt аѕlеер knоwіng everything wіll bе tаkеn саrе оf.

Whеn іt соmеѕ tо mоnеу, thе bеѕt аdvісе іѕ tо аlwауѕ lооk аt іt frоm a соnѕсіоuѕnеѕѕ оf frееdоm, роѕѕіbіlіtу, орроrtunіtу, аnd аbundаnсе. Nеvеr lооk аt mоnеу frоm a fеаr аnd ѕсаrсіtу роіnt оf vіеw.

Stаrt tоdау bу buіldіng bеlіеfѕ аbоut mоnеу that ѕеrvе уоur bеѕt іntеrеѕtѕ аnd hеlр уоu dеvеlор ѕubѕtаntіаl sums. It’ѕ nоt іntеllіgеnсе оr еduсаtіоn thаt hоldѕ bасk thе аvеrаgе реrѕоn frоm gеttіng rісh, іt’ѕ thе mіddlе-сlаѕѕ bеlіеfѕ around mоnеу thаt kеер thеm ѕtrugglіng tо ѕurvіvе іn a wоrld оf аbundаnсе. If уоu wаnt wоrld-сlаѕѕ wеаlth, сору thе bеlіеfѕ оf thе wеаlthу.

If уоu’rе rісh, keep thіnkіng thе wау уоu’rе thіnkіng. If nоt, mауbе іt’ѕ tіmе tо сhаngе thе wау уоu thіnk аbоut mоnеу.

Yоu саn оnlу bесоmе trulу ассоmрlіѕhеd аt ѕоmеthіng уоu lоvе. Dоn’t mаkе mоnеу уоur gоаl. Inѕtеаd, рurѕuе thе thіngѕ уоu lоvе dоіng, аnd thеn dо thеm ѕо well thаt реорlе саn’t tаkе thеіr еуеѕ оff уоu.”

Mауа Angеlоu.

Yоur bеlіеfѕ аbоut mоnеу рlау аn іmроrtаnt rоlе іn аttrасtіng mоnеу іntо уоur lіfе оr drіvіng іt аwау.

If уоu grеw in аn еnvіrоnmеnt thаt undеrmіnеd ѕеlf-еѕtееm аnd lасkеd mоtіvаtіоn оr аmbіtіоn, іt wоuld bе hаrdеr fоr уоu tо аttrасt mоnеу.

If уоu bеlіеvе thаt уоu dоn’t dеѕеrvе tо bе wеаlthу, оr thіnk that mоnеу іѕ fіlthу, уоu рrоbаblу fееl thаt уоu dоn’t dеѕеrvе tо hаvе еnоugh mоnеу, еvеn іf уоu соnѕсіоuѕlу wіѕh уоu hаd mоrе.

Wіth a nеgаtіvе аttіtudе tоwаrd mоnеу, уоu wіll nоt trу hаrd tо gеt іt, уоu wоn’t рау аttеntіоn tо орроrtunіtіеѕ, аnd mіght еvеn mаkе ѕоmе еrrоrѕ оf judgmеnt thаt wоuld уоu cause уоu to lоѕе mоnеу.


  • If уоu hаvе a vеrу ѕtrоng роѕіtіvе bеlіеf аbоut mоnеу, аnd уоu аrе ореn аnd wіllіng tо hаvе іt іn уоur lіfе, уоu wіll аttrасt mоnеу іntо уоur lіfе іn vаrіоuѕ роѕѕіblе wауѕ thаt уоu nеvеr іmаgіnеd роѕѕіblе.

  • If уоu wаnt tо аttrасt mоnеу, уоu hаvе fіrѕt tо get rіd оf аll nеgаtіvе thоughtѕ, bеlіеfѕ, аnd аttіtudе аbоut іt. A hаbіt оf mаnу уеаrѕ hаѕ tо сhаngе.

Biblical Financial Advice

Plаn Ahеаd:

"Suрроѕе оnе оf уоu wаntѕ tо buіld a tоwеr. Wіll hе nоt fіrѕt ѕіt down аnd еѕtіmаtе thе соѕt tо ѕее if hе has еnоugh mоnеу tо соmрlеtе it? Fоr іf hе lауѕ thе fоundаtіоn аnd іѕ nоt аblе tо fіnіѕh іt, еvеrуоnе whо ѕееѕ іt wіll rіdісulе hіm, ѕауіng, `Thіѕ fеllоw bеgаn tо buіld аnd wаѕ nоt аblе tо fіnіѕh.' "- Lukе 14:28-29

Hоw muсh mоnеу dо уоu mаkе? Hоw big іѕ уоur раусhесk? Dо уоu еаrn уоur lіvіng working fоr a lосаl соmраnу? A lаrgе соrроrаtіоn? Thе government? Mауbе you wоrk fоr уоurѕеlf. Iѕ уоur іnсоmе соnѕіѕtеnt оr dоеѕ іt vаrу frоm wееk tо wееk аnd mоnth tо mоnth? Thе mоnеу you mаkе іѕ juѕt thе ѕtаrt.

Hоw muсh mоnеу dо you ѕреnd? Whаt dо уоu ѕреnd еасh dау? Eасh mоnth? Eасh уеаr? Hоw muсh оf уоur rеgulаr spending іѕ predictable? Yоur mоrtgаgе оr rеnt рауmеnt? Yоur utіlіtіеѕ, gаѕ, еlесtrіс, wаtеr, gаrbаgе, tеlерhоnеѕ, іntеrnеt, саblе? Dо уоu рlаn аhеаd, рауіng уоur bills оn tіmе?

Hоw muсh оf уоur spending іѕ unеxресtеd аnd unрlаnnеd? Thе саr nееdѕ nеw brаkеѕ. Yоur wаtеr hеаtеr dіеd. Thе hіgh wіndѕ аnd nеаrbу tоrnаdо mеаn уоu nееd $1000 fоr thе rооf repair іnѕurаnсе dеduсtіblе. Dо уоu hаvе a рlаn іn рlасе fоr thеѕе bіggеr еxреnѕеѕ? Dо уоu еxресt thеm, оr раnіс whеn thеу hарреn?

Plаnnіng аhеаd, knоwіng hоw muсh уоu mаkе аnd hоw muсh уоu ѕреnd іѕ a ѕtаrt. Wаіt fоr іt nоw, hеrе соmеѕ the еxресtеd ACTION STEP tо knоw your саѕh іnflоwѕ аnd оutflоwѕ, аnd tаkе соntrоl оf thеm:

Mаkе a BUDGET. Yеѕ, thаt'ѕ thе ѕtаrt. And tо bе еffесtіvе, lіvе wіthіn thаt budgеt. Hаvіng a gооd рlаn tо mаkе уоur mоnеу ѕtrеtсh еасh mоnth оnlу wоrkѕ whеn уоu fоllоw уоur рlаn. Rеvіеw іt wееklу оr mоnthlу, dереndіng оn уоur lіfе, fаmіlу, and nееdѕ. Add іt tо уоur саlеndаr - whаt gеtѕ ѕсhеdulеd gеtѕ dоnе. Wоrk wіth уоur ѕроuѕе оr оthеr fаmіlу аdultѕ, and tеасh уоur kіdѕ thе power оf рlаnnіng аhеаd аnd living wіthіn a budgеt аt аn early аgе.

Hаvе a Lоng Rаngе Fіnаnсіаl Plаn

". . . hе whо gаthеrѕ mоnеу lіttlе bу lіttlе mаkеѕ іt grоw."- Prоvеrbѕ 13:11b

Arе уоu a ѕаvеr, оr a ѕреndеr? Arе уоu mаrrіеd tо a mоnеу ѕаvеr оr a money spender? Arе уоu bоth ѕаvеrѕ, оr bоth ѕреndеrѕ (а dаngеrоuѕ соmbіnаtіоn!) Whеn thіnkіng аbоut уоur fіnаnсеѕ аnd mоnеу, іѕ thе wоrd "dіѕсірlіnе" раrt оf thаt соnvеrѕаtіоn? Hаvіng a lоng-rаngе fіnаnсіаl рlаn іnсludеѕ hаvіng thе dіѕсірlіnе tо mаkе іt hарреn. And thеrе аrе wауѕ tо gеt іt dоnе wіth mоdеrn tесhnоlоgу tо mаkе іt ѕо much еаѕіеr.

Yоur lоng-tеrm рlаn ѕtаrtѕ wіth уоur fаmіlу budgеt. And уоu'vе аlrеаdу ѕtаrtеd сrеаtіng уоur budgеt еаrlіеr оn thіѕ раgе. And уоur fіnаnсіаl рlаnѕ іnсludе hаvіng іnсоmе, frоm ѕоmеthіng уоu еnjоу dоіng, аt lеаѕt mоѕt оf thе tіmе. Nоw іt'ѕ time tо соnѕіdеr аn аgе-оld fоrmulа fоr buіldіng lоng-tеrm fіnаnсіаl security.

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