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Change your Mindset for a Great 2009: Create the Abundance Mindset

Change your Mindset for a Great 2009: Create the Abundance Mindset

 

Create the Abundance Mindset

    How do you do that?  You give away what you got.

    It’s not that complicated, really.

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    Short on time?

    Some people are always running out of time – like it was cash or something.  They run out of time and they’re always in a panic to get things done.

    If you’re always out of time, then do the sensible thing – give your time away.  Does that sound crazy?  Well, it might to the left side of your brain, but really give it some thought.

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    Here’s the thing.  Some people don’t give away their time because they don’t think there is “enough time” to give.  And when you’re not giving away your time, it’s a signal that you’re coming from lack.  And that lack keeps you stuck in the scarcity mindset.

    The interesting thing is that when lack shows up; it shows up everywhere.  The way you do anything is the way you do everything.

    It’s no different with money.

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    Do you have a shortage of cash?

    Maybe you’re one of those people who holds onto every penny you’ve got – save money for a rainy day sort of thinking.  I know because I used to be that type of person.  Maybe you’re really frugal with your money.

    There’s nothing wrong with being frugal.  What I’m talking about is something completely different.  Holding onto your money doesn’t bring more of it to you.  Admittedly, holding onto or hoarding your money is evidence that you don’t think you have “enough”.  And that has got you living in scarcity or what my friend Julia calls “scare-city.”

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    So, how do you break the pattern?  How do you truly create the abundance mindset?

    You’ve got to be willing to give from where you are.  To create the abundance mindset, you have to be willing to give.

    “You receive through the same doorway through which you give.  The way to receive freely is to give freely.” ~ B. Jensen

    Here are 6 ways to create the abundance mindset:

    • Cash Shortage? Give some away. Yes, you heard me right. Don’t sell the farm, far from it. But consider giving money to a friend or family member to help them out.  Givers gain.
    • Are you short on time? You don’t always have to give your money.  You can give your time too.  You don’t have to dedicate 90% of your day to serving others – that’s not what I’m saying. Just find that balance between giving and receiving.
    • Lacking love? You’ve got to give some before you get some.  Go out right now and give 5 people you know a big hug. I guarantee right after you do this, you’ll feel great. You’ll feel like a million bucks!  You’ll feel loved.  Go out right now and hug 5 people!
    • Stuck with a Problem? Help others first. Think of someone you know that is having a similar problem. And think of a way that you could help them.  You don’t need to know all the answers, but just start helping someone else and I guarantee help will come to you.  Write down what you plan to do to help this person and then go out and do it. I’m telling you this works!  When you help others wholeheartedly, help will always come back to you.
    • Lacking Confidence? Yup, you know it. Give it away! Find someone you know who is lacking in self-confidence and give them a boost.  Spend some time with this person and tell them how much you believe in them.   Put positive ideas in their mind.   Instill confidence in others and confidence will come flowing abundantly to you.
    • Short on Creative Ideas? Give them away! Give others creative ways to increase profits to their business, find a new stimulating career or improve their health.  Freely give away ideas away and ideas will always flood right back to you.

    You have to start with where you are.  You can’t give what you don’t have.  Be willing to give what you got from where you are and I promise you – abundance will flow into your life.  You will create the abundance mindset.

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    Last Updated on March 4, 2019

    How to Use Credit Cards While Staying Out of Debt

    How to Use Credit Cards While Staying Out of Debt

    Many people will suggest that the best thing to do with your credit cards during these tough economic times is to cut them up with a pair of scissors. Indeed, if you are already in huge debt, you probably should stop using them and begin a payback strategy immediately. However, if you are not currently in trouble with your credit cards, there are wise ways to use them.

    I happen to really love my credit cards so I will share with you my approach to how I use mine without getting into deep financial trouble.

    Ever since about 1983 when I got my first Visa card, I continue to charge as many of my purchases as possible on credit. Everything from gas, groceries and monthly payments for services like my cable and home security monitoring are charged on credit. Despite my heavy usage, I have maintained the joy of never paying any interest fees at all on any of my credit cards.

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    Here are some tips on how best to use your credit cards without falling into the trap of paying those nasty double-digit interest fees.

    Do Not Treat Credit Cards as Your Funding Sources

    Too many people treat their credit cards as funding sources for major purchases. Do not do this if you want to stay out of trouble. I use my credit cards as convenient financial instruments so I do not have to carry around much cash. In fact, I hate carrying cash, especially coins. When you buy things on credit, the purchases are clean and you will not get annoying coins back as change.

    I do not rely on my Visa, MasterCard or American Express to fund any of my purchases, large or small. This brings me to my golden rule when it comes to whether I will pull out any of my credit cards either at a retail or online store.

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    I never purchase anything with my credit cards if I do not have the actual cash on hand in my bank account.

    If I really cannot pay for the item or service with cash that I already have at the bank, then I simply will not make the purchase. Remember, my credit cards are not used as funding sources. They are just convenient alternatives to actual cash in my pocket.

    Make Sure to Always Pay Off Balances in Full Each Month

    The next very important part of my overall strategy is to make absolutely sure that I pay the balances in full each and every month no matter how large they are. This should never be a problem if the cash has been budgeted for my purchases and secured in the bank. I have always paid my full balances each month ever since my very first credit card and this is why I never pay interest charges.

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    Using Credit Cards with Rewards

    Most of my credit cards are of the “no annual fees” type, including one MasterCard on a separate account I keep at home as a spare in case I lose my wallet or incur any fraudulent charges. However, I do use a main Visa card which does have an annual fee because all purchases on that card reward me with airline frequent flyer points. For me, the annual fee is worth it since I do travel and I get enough points to redeem many free flights.

    You have to decide for yourself if you will charge enough purchases on credit each year without paying interest charges to warrant a credit card that rewards you with airline points (or other rewards). In my case, the answer is “yes” but that might not be the case for you.

    I occasionally use a MasterCard or American Express card on small purchases just to keep those accounts active. Also, I have been to the odd retailer that accepted only a certain type of credit card, so I find that having one from each major company is quite handy. Aside from my main Visa card which earns the airline points, the rest of my cards are of the “no annual fees” variety.

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    So this is how I use my credit cards without getting into any financial trouble with them. This strategy is recommended only if you are not in debt, of course. In fact, it is worth keeping in mind once you’re out of debt so that you can keep your credit cards active and treat them responsibly.

    What are your credit card usage strategies? Let me know in the comments — I’d love to hear what methods you use.

    Featured photo credit: Artem Bali via unsplash.com

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