Alternative title: why cashflow is king.
Are you afraid of spending money? Has the fear of losing all your money taken control over your life?
Then you need to spend more money!
For years I was afraid to spend any money. Even when I made a lot of money I was still afraid to spend money.
“What if I lose all this money, will I get it back?”
Despite popular belief that we should save money, I came to realise that we should actually do the opposite.
Why? Because when we hold on to our money it:
- Becomes less valuable due to inflation
- It can be stolen
- We don’t tap into our own full potential
Does it mean we should spend money on everything we want?
Of course not. Spending money on fancy things is not wise to do.
Instead we should be spending money on things that will either buy us time, or increases our cash flow.
Even the bible encourages us to spend money as written in Luke chapter 12:13-21 (NIV):
13 Someone in the crowd said to him, “Teacher, tell my brother to divide the inheritance with me.”
14 Jesus replied, “Man, who appointed me a judge or an arbiter between you?” 15 Then he said to them, “Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.”
16 And he told them this parable: “The ground of a certain rich man yielded an abundant harvest. 17 He thought to himself, ‘What shall I do? I have no place to store my crops.’
18 “Then he said, ‘This is what I’ll do. I will tear down my barns and build bigger ones, and there I will store my surplus grain. 19 And I’ll say to myself, “You have plenty of grain laid up for many years. Take life easy; eat, drink and be merry.”’
20 “But God said to him, ‘You fool! This very night your life will be demanded from you. Then who will get what you have prepared for yourself?’
21 “This is how it will be with whoever stores up things for themselves but is not rich toward God.”
We see that God punishes those we hord their wealth. And He rewards people that share (spend) abundantly.
God will bless people that know how to use money.
Because if we spend our money, it means that we put other people to work. And because of that, we can bless other people with our money.
Instead of saving our money in our bank account we should keep te currency flow going.
Currency comes from the word ‘current’, meaning that money should be flow like a current.
The more we give, the more we are able to receive.
Not having a lot of money will force us to work. So another benefit of spending our money is forcing ourselves to work.
In 2022 the money velocity (meaning: how fast money moves in an economy) is at an all time low. This means that people are spending less money, and instead are hording it.
If we would double the money velocity, it would immediately solve all our money problems.
Imagine if we would all be spending twice speed of our money, it would also mean our income would come in twice as fast.
I love the term: Cashflow is king.
Because it focuses on the flow of money, not the amount.
Would you have more peace of mind, knowing that every month money will come into your account, instead of being afraid of losing your current savings?
To create more cashflows, we need to spend money. We need to INVEST our money wisely.
We spend money because we expect to get a return on it.
When we reinvest our money into our own business, wether it is on systems, or marketing, we expect to get a higher return on it. That’s why we spend it right?
Most people already know this, but once they accumulated more money they started to get scared, and that’s why they started to save their money.
People are more depressed when they are in fear, and I’m a living example of that.
I was super afraid of spending money. Even on things I knew to be great investments.
What’s the worst thing that can happen?
I lose my money, and then it will become a tax write-off. And as a bonus I also have some new experience.
That ain’t that bad!
In the best case I will get my money back and receive a great return on it.
So there isn’t really a downside to it.
It is always better to spend money than to save it.
And now you know why.
What If You Know The Secrets That Wealthy People Use To Get Rich?
So You Can Use It To Build Wealth For Yourself And Your Family?
Download Your Free Copy Now!