Wealth Course: Awareness

Awareness leads to change.

Many people were not rich because they don't know what they want.

It's so true with our current situation in our country where majority lives below poverty line.

Most of us are poor because we are not aware of the habits that we are practicing day in and day out.

So therefore, we should be aware.

First, let's take a look at your financial blue print by filling in the blanks, list at least 5 for each:
Money is _________.
Rich people are________.
When it comes to money, I'm_______.
Growing up my family dealt with money by______.
When I was a kid, whenever my family talk about rich people they say they are______.
Growing up, when I watch people deal with money, I observed______.
When I look back, the earliest dramatic and emotional experience I had with money was_____.

Now, lets observe the Habitual Language Pattern of Poor and Rich:
Poor people says, 'must do', 'should do', and 'have to'. Rich people says, 'want to', 'get to', and 'choose to'.
What do you hear yourself hearing when the subject of money comes up with the conversation?
What are the most frequent expression or sayings you use when you talk about rich?

Do you ought to be rich? Answer the following:
My greatest worry and fear about money and wealth is_____.
Some of the negative about being rich are______.
The reasons I can or may not become rich are_____.
The obstacle to my being wealthy are______.

AWARENESS
Let's go to the main topic of this blog: Awareness.
Awareness of what? Awareness is important for us who are still poor today.
Now let me state the following basics.
Our comfort zone is equal to our income zone.
Clarity of what we want is important, because clarity leads to power.
Choice leads to financial freedom.
Passive income = money work for you.
Active income = you work for money.
Financial Freedom is the ability to live the lifestyle you desire without having to work or rely on anyone else for money.

How can we achieve financial freedom?
We can achieve it through multiples of passive income!
Where can we get passive income?
We can get it through:
1. Passive investment (money working for you) and 
2. On-going Passive Business income(business working for you).

LIFESTYLE CALCULATOR
Do you want to live the lifestyle you want? Then, set a clear picture of it and price it through Lifestyle Calculator. What's Lifestyle calculator? it is the income you need to live the lifestyle you want.
Tabulate your Lifestyle beside these items:
1. House and lot = _____
2. Education (for kids and you) = ____
3. Travel = ____
4. Car = ____
5. Charity = ____
6. Personal = _____

Sum it up and divide it with the number of years you want to achieve it.

FREEDOM FACTORS
Now that you know what financial freedom is by means of your lifestyle calculator, then let me tell you about the 5 freedom factors:
1. Working income
2. Savings
3. Investments
4. Passive income
5. Simplified lifestyle
Rate these 5 freedom factors 10 highest and 1 lowest. Your goal is to achieve perfect 10 in all areas within the number of years you want to become financially free!

Poor people work, earn and spend. Rich do the same plus, they invest.

MONEY JARS
To help you more about achieving your financial freedom, let me tell you about a money management system of the rich!
Put your money in six money jars:
1. Put 10 % of your income to FFA (Financial Freedom Account) - for your investments and businesses.
2. Put 10% of your income to LTSI (Long Term Savings for Investment) - for excess investments.
3. Put 10% of your income to EDUC (Education) - for your learning.
4. Put 50% of your income to NEC (Necessities) - for daily expenses.
5. Put 10 % of your income to PLAY(Play Account) - for relaxation.
6. Put 10% of your income to GIVE (Give Account) - for charitable purposes.

"Habit formed is more important than the amount".

DECLARATION
Please fill in the blanks to declare your commitment  to become financially free:

I ________ earns a minimum of (price of the lifestyle you want) per year.
My new part time business is managing my money. I commit 20 to 30 minute per day to learn about investments, invests and work on creating of passive investments and business income streams.