Are You Drowning In Negative Assets? What Negative Money Is And How To Avoid It
|(This is a subject
that should be taught in schools but isn't. You can increase your
net worth and your spending money by just eliminating these negative
As I counsel
people, and watch the lives of the people I love, I've noticed that
there are two kinds of money, or assets - the positive and the negative
things we hold onto that go up in value and things that go down.
There are things we hope are going to make money for us that we have to
continually feed or maintain. Some things that we get ourselves
into cost us dearly.
To give you
an example of a negative asset, consider someone who believes that
buying "small domestic animals" and breeding them will bring
in large sums of money. The animals continue to breed and must be
fed, medicated and trained, whether a sale happens or not.
period of time, this person has grown very fond of the
"animals" and may not have learned the difference between
something that will pan out and increase his actual net worth, and
something that is draining all his resources and should be cut
loose as quickly as possible, even if he has to take a loss to plug the
leak in his finances.
may seem so obvious to you, don't pat yourself on the back just yet,
because although we may not all have purchased living animals, we all
have areas where money is streaming through our fingertips. In
some cases, it's rushing out our back door like a tsunami wave.
You see, when
it's OUR problem, we just can't see it. We have practiced all of
our lives to see through our emotions, instead of through ledger sheets
and bookkeepers' tallies.
exactly what a trained marketer, business owner or corporation is
counting on, and is the purpose for those ads and commercials on
TV. We all know that people don't buy what they need; they buy
whatever has stirred their emotions and given them a glimpse of hope for
something better, new or more exciting.
That's why we
give examples and life stories of people who have lost large amounts of
weight (so you'll buy our diet programs), or of people who won the
lottery (so you'll buy more lottery tickets.)
The truth is
there are some negative assets we hang onto right into the grave,
because we WANT to hold onto things that are familiar or give pleasure
or help us keep an illusion of what it is we'd like to be.
If you were
absolutely serious about making $100,000 this year, what would you do to
make this a reality? (No, …robbing a bank is not an
I would want
to pattern my life after someone who DID make $100,000 or better each
year consistently. I would stop and ask myself if Donald Trump or
Bill Gates would do it this way, or if they would cut something out of
the picture and regroup.
Bill Gates and Donald Trump would NOT be raising domestic animals and
depending on them for their sole source of income, especially when
potential customers are holding back their money for the gas pumps or
from fear of not being able to provide for what they already have.
They would not purchase an animal, period, if their income source or
amount were unstable.
We can't be
sure what they would have done if they were in our shoes, with our
education and environment, but there is one thing we CAN be sure
of. They have acquired their fortunes by a little talked about
facet of human intelligence called acuity or perceptiveness.
words, they looked carefully at the bankbooks, and what their
bookkeepers reported about their investments and projects, and they made
a division between what was truly prospering and what was acting like a
lead weight, taking up time and money to maintain.
They were not
afraid to cut the negative assets even if they had to suffer a short
time loss to prevent losing much more over a period of time to
honest with ourselves, and examine every area of our business and our
personal lives, we can also divide between the positive and the negative
resources and in doing this one small thing, we will increase our total
net worth and our available spending money without having to actually
increase our income!
is no lack, and there is no reason to hold back on money, except to
consciously take control of your life and decisions to make them work
for you. I remind you again that you can't possibly make decisions
that will take you where you need to be, if you haven't first determined
There is NO
LIMIT to the "busy" work you can be doing, and keep
accomplishing and adding to your list, but very little of that will
actually MEAN anything. Put another way, very little of your
activities (if done without focusing on the goal) will be positive
assets or lead to an increase or betterment of your life.
motion or task done on time and on target, will net you more value than
a year's worth of running in circles.
should you be doing? Where should you invest your time, money and
take stock of your possessions (assets), your friends and business
associates (for how they can benefit you), your daily calendar
(your time spent), and your business ventures (accounts receivable,
income sources, investments).
caught up in fear and anxiety over them, but establish a reasonable time
period to check back in on each and make a decision.
Don't let it
worry you, but don't let your investments be based on emotions. No
matter how badly you want to keep something that your ancestor thought
was special, if it's not special to YOU, it's subject to the cut
most difficult area that any of us have to deal with is our
children. Almost without exception, this generation of young adult
people need more support and help from their parents than any other
generation in the past.
aren't important here, but what is important is how you choose to deal
with it. There are no easy answers in this area, and perhaps only
in personal relationships are the rules of this game a moot point.
depends on what you want written on your tombstone. "He/She
was a great mom or dad" or "He/She made the dollar mark every
possible to accomplish both? (If you can believe television
reports, Donald Trump hasn't done too badly in either area.)
to thank your friends, family and associates for helping you get where
you are today, and God for giving you life and letting you keep it
Polish up your talents, remember the great things you've already accomplished and focus yourself! Have a great ride!
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