Change Your Beliefs About Money


OK…so I am going to try something different over the next month or so. I have talked with many people who are frustrated with the way their life is turning out. It may be a less than exciting career, a passionless relationship, little to no free time, or all of the above. Unfortunately, the more we complain about what is wrong in our lives, the more unfortunate circumstances we attract to ourselves.

So, I want you to use the next month as an experiment. What do you have to lose? We will highlight the topics that most people complain about; money, relationships, career and health. This weeks topic will focus on money, next weeks tip will highlight relationships and so on. I want you to commit to changing how you think about the various topics for the next month. Money tends to be the root of so much stress and disharmony between people. What people don’t realize is that the more you complain about money and the lack of money in your life, the more you create circumstances that feed into that belief.

So, for the next 30 days I want you to play a game of make believe. I want you to pretend you are financially abundant. I want you to believe with all your heart that you are attracting wealth and opportunities into your life. Remember, you have absolutely nothing to lose here. You are simply changing the way you think and act around money.


1. ACT

This week I want you to act like you are financially abundant. I want you to say affirmations every single day. Some examples could be “I am financially abundant” or “I am attracting financial wealth and opportunities to myself every single day”. Every time you find yourself complaining…’we’ll never be out of debt’…’I’ll never have enough money’…stop and replace the thoughts with the above thoughts.


The next step in changing how you believe about money is to truly believe the above statements. You can’t simply say “I am financially abundant”, when deep down you are contradicting the belief with thoughts like “This isn’t true, so what’s the point, I’ll always have money issues” You need to truly believe that you are attracting wealth into your life. What would it feel like to have financial freedom? Close your eyes and feel it.


Now that you have said the statements and you are beginning to believe them as well, it’s time to open yourself up to creating them. Allow yourself the opportunities to create wealth in your life. You need to act in accordance with your beliefs. If you are making the statements, but then you are going out every day spending money you don’t have, you are setting yourself up to fail. Create a lifestyle that embodies what you truly want!

Good Luck!

Have a great week!



Saving Money With a Change Jar


I have been reading a number or articles and blog posts about saving money by having a change jar in your house. The basic premise is that when you come into the house you immediately get into the habit of putting your change into a jar and then you can use that money later on down the road for anything you want like a dinner or a vacation.

While I agree that a change jar or piggy bank can help in saving money I think that the basic premise of holding onto that change for a rainy day or for a trip is flawed. If you want to save money with a change jar then I say spend that change every month and you will save money.

Your money in your change jar is not earning you any interest. It is just sitting there doing nothing for you. Instead of spending it you are going to the bank or an ATM and you are pulling money out every week that is earning your interest. You are doing this because you think you are saving money by throwing that change in a change jar. The whole idea is flawed.

Here are two things I do with my change that help me save money. I roll it up every month, cash it in and you that money for my spending money or pocket change every month. The number of times that I have to go to the bank or an ATM has dramatically decreased thus allowing me to save my money in the bank and earn interest on it at the same time.

In Canada we have one dollar and two dollar coins. I keep these separate and use them to buy my coffee every week. That way I am not always breaking ten dollar bills and going right back the bank machine to take out more. I do the same with quarters. I throw them in my car ashtray and end up buying at least a coffee with them once a week. I saved breaking a five or a ten and my money stayed in the bank.

I golf a lot. It can be expensive buying beers or paying off my buddies for the games we play on the golf course. I throw all of my change from the golf course in my golf bag and save it in there. It doesn’t take long to build up and I can pull enough out to pay for a beverage, rent a golf cart or buy some golf balls. By doing this I am not putting items on my credit account and I am not using the ATM as much as I would normally.

Your change can save you money but squirreling it away is not the way to do it. Cash it in each month and use it for your spending money the next month. You will find that you will keep more of your pay check in the bank and save money.


Things to Consider When Changing Money


Since you are going to travel abroad, you will need to have your money changed. While there are various means to change currency, the best and easiest way to do is through ATMs. ATM machines are found almost anywhere in the world.

Before traveling to places, you need to know whether to bring cash, credit and ATM cards or travelers check. Cash is always the best payment method, but some still prefer to use their credit cards to minimize the hassle of bringing huge amounts of money when shopping. Although traveler’s check are rarely used nowadays, it is a good fallback should you encounter any problems with your credit or ATM cards.

Do not freak out should there be a case wherein you cannot withdraw cash out of an ATM. It does not always mean that there may be a problem with your card as sometimes there is a different process when it comes to cashing out money in foreign countries as some electronic transactions need to be submitted and approved by the bank. There will also be cases when your card may not be read by cash terminals or counter’s POS (Point of Sale systems) in less developed countries, or ATM machines not reading your card because it does not accept ATM machines from foreign countries. Sometimes you can check for another ATM machine because it may be possible that the ATM machine just ran out of money.

Some people think that it is best if they have their currency changed before travelling is a very good idea. Though in some cases this may be true, it is not always necessary. Banks and   money   changers  are usual in travel destinations and airports. You will be able to find ATM machines almost everywhere. Be advised though to check for government advisories regarding the use of ATM cards from foreign countries because not all banks may accept your card and just by specific banks. Some people reason that they want to change their money ahead of time to avoid possible and dramatic changes in exchange rates, you may want to follow this lead as well.

If you will have to cross border to visit a country with a different currency, know if they accept general currencies like Euros or Dollars and also know where you can change money if necessary.

If you just want to go ahead and familiarize yourself with the currency you’ll be carrying, you can have your money changed a bit earlier. This is also a good practice so not to fumble when paying for goods and services when you get to your travel destination. Also try to know the worth of a bill or coin so to have at least a rough estimate of how much you are spending in your currency.

One other good pointer is to change your  money  in reputable places like banks and accredited  money   changers . Do not deal with black market money exchangers as you are most likely to be scammed and lose your money.

Do not exchange too much cash than what you really need. You might end up paying a lot just to change them back to the original currency you traded them for. Also, some countries have a limit on the maximum amount of their currency that you can bring out of their country.


Money Management Tips For Career Changers


There often comes a time in life when you become fed up of the routine that you have created for yourself. Balancing work and family can be a struggle and that is why many people do not always consider changing their jobs; no matter how much they might hate it. However, sometimes in life, you have to take risks in order to be happy and changing careers may be exactly what you need to kick start your life again.

Can Money Management Help You?

One of the main reasons why people do not follow their dreams is a lack of money. So many people are stuck working in a dull job because they feel that they cannot afford to give it up and do what they want to do. It is true that changing careers can affect your finances, but there are ways in which you can get around it. By learning more about money management, you can help to get into a much better position financially in order to change your career.

It is all about being prepared and if you want something badly enough, you need to prepare for it. So if you want a new career and you are not sure that you can afford to make the change — then save up!

Ways To Manage Your Money

Some ways in which you can ensure that you can be financially secure when you make the change include:

  • Cutting Back on Luxuries
  • Making the Effort to Save
  • Taking a College Course to Gain New Skills

The above are just a few ways in which you can manage your money. By taking a college course, for example, you can learn new skills which will effectively ensure that when you are ready to move onto a new job, you will get paid more for it.

The main way in which you can save, however, is by cutting back on various things each month. By working out what you are spending and where you are spending it, you can see exactly where you might be able to save money.

For example, could you save money on food? Do you allow yourself daily treats which you could potentially cut back on? Do you eat out a lot? If so you may be able to cut down and save a little money in the process. It is amazing how much money you could save by just cutting back a little.

You also have to be ready to invest in your dream career. This means that you need to save as much money as you comfortably can. Open up a savings account and start saving right away. Put in as much as you can afford each month and you will soon start to see it mounting up.

In order to successfully be able to afford to change careers, you do need to take part in good money management. By saving up, you can easily make the move to your dream job with very little problem.


Sound Money Can Change Governments


Money – The Beginning

In the distant past, man used bartering and trading as acceptable forms of payment for goods and services. Many items traded included sea shells, salt, tobacco, herd animals, beaded belts, gem stones and gold. This worked well at the time, however there needed to be a better more convenient way to make transactions.

Coins became the first answer to make the exchange of goods and services more convenient. In 600 B.C. the first minted coins appeared, they were minted from an alloy called electrum. This was a combination of gold and silver. Each coin had a specific weight of 4.7 grams and acted as a medium of exchange, division of payment and was also capable of maintaining its value. From the time coins were first minted they gained popularity becoming the best form of money all the way into modern times.

What is Sound Money

In 400 B.C. Aristotle defined what sound money was and what characteristics were necessary to insure sound money. He said that sound money must incorporate all 7 of the following properties.

• Durability

• Divisibility

• Homogeneity

• Be very hard to falsify

• Be easy to store

• Scarcity

• Easy to transport

Sound money can be considered real money because it is backed by a real and substantial asset such as gold. Gold is a commodity that for thousands of years has been used and traded as a form of money. Furthermore gold meets all the characteristics that Aristotle set to define what makes up sound money. A dollar that has been backed by gold is also defined as paper currency. Paper currency must join mechanisms that will control it from debasement. One way of achieving this is to peg the currency against an exact amount or percentage of tangible assets like gold or silver.

In more modern times the United States had used this system of sound money, an example being from 1880 through 1914. During this 34 year period the value of the US dollar never dropped. It maintained its value because we were on a sound money system and the US dollar was backed by 40% gold which kept inflation in check. Another more recent example was during the Bretton Woods Agreement which ran from 1944 until 1971. During these 27 years the US dollar was backed by 10% gold and the sound money system kept inflation in check throughout this time.

During this time the US dollar also became the World’s Reserve Currency. The dollar was pegged to gold at 10 percent. The US Federal Reserve was allowed to print dollars at 90 percent value or a 90:1 dollar/gold ratio with the 10 additional percent held in gold reserves at Fort Knox in Kentucky. Because there was a portion of gold actually backing the dollar, the gold acted like a big check valve not allowing inflation to go forward. This is a monetary system that throughout the history of sound money has been solidly proven.

It was in 1971 when then President Richard M. Nixon ended the Bretton Woods Agreement which closed the “gold window” severing the US dollar from its attachment to gold. At this point the US currency (dollar) became what is known as fiat currency.

What is Fiat Currency

Fiat currency is what the United States and just about every nation on the planet use today. Some of the worlds Fiat currencies include the US dollar, euros, British pounds, Japanese yen, Australian dollars, and so on. A fiat currency is unique, because it does not have any requirements to be pegged or backed by any tangible assets. Governments that use their respective fiat currencies can print them at will. The only thing that keeps a fiat currency alive is the promise and good faith of the country printing it and the faith of the country’s citizens that use it. Once a country’s citizens and the markets faith in the fiat currency are broken, the currency will quickly fail and die.

Throughout history every civilization has used a fiat currency system in one form or another when not using a paper currency system. Fact is that 100% of the hundreds of fiat currencies that have ever been used throughout time have all failed. The average life-span of any fiat currency has been 30 to 40 years. The United States dollar became a fiat currency in 1971. That makes the US dollar 41 years old in 2012. This should ring alarm bells that the dollar is coming to the end of its fiscal life.

The Challenge

With the exception of a few investors and economists the subject of sound money never has been challenged or debated upon. There is a direct relationship that links sound money, unsound (fiat) money and the economy together, however it is essential to comprehend what the real meaning of sound money is. The dollar we use today can be created out of thin air. However sound money cannot. Using paper currency forces the government and politicians to become fiscally accountable. The chance of funding more and more government programs and projects becomes much less likely because unlike the dollar we have today paper currency cannot be created out of thin air. Sound money truly is at the heart of a free market society and the individual freedoms within it.

Tom Genot –


An Offshore Business Changing Money


An excellent offshore business opportunity is that of changing money. The international world is full of travelers. Traveling from nation to nation virtually always requires that the individual at least has enough cash in a new country for taxi fare and, often, for a meal of purchase of essentials such as a map or toiletries. Very commonly travelers will wish to carry a sufficient supply of currency into a country so as not to need to change money at exorbitant rates from street vendors.

This ever present and increasing need in the modern world offers a great opportunity for the individual or corporation interested in setting up an offshore business. Many offshore jurisdictions will provide a government issued license for such activity. Most commonly the company will not be able to do business with residents of the jurisdiction but will be able to change money with anyone else from anywhere else in the world.

This sort of business benefits from ever increasing international travel. It benefits from travel by individuals, especially retirees, with second homes offshore from their countries of origin. The profit from this type of business comes from the fee charged for the transaction and, often, from an exchange rate slightly different for purchasing currency versus selling it. Those engaged in such a business may often profit from varying exchange rates also. There is no rule against holding the company’s capital in a currency that is appreciating while others fall in value.

How to Go about Setting up an Offshore Money Changing Business

To have an offshore money changing business an individual or corporation will need a license. That will mean finding competent counsel with knowledge of which offshore jurisdictions offer a government issued money changing license and the pros and cons of each jurisdiction.

Those wishing to set up the company will want to compare details of their business plan with the exact activities that each offshore jurisdiction allows and which that it may restrict. Here is where “re-inventing the wheel” is not necessary. There are competent authorities that can help the individual or corporation in choosing the right jurisdiction for setting up a money changing business or any sort of offshore business. Most typically these are other international, offshore companies run by individuals or corporations that are not directly tied to or dependent upon doing business in one country or another. A company that only does business in one jurisdiction will often be a feeder for local banks, lawyers, and other interests in the jurisdiction.

Because many offshore jurisdictions offer benefits beyond the opportunity to get a license and do business it is wise to look at these benefits and integrate those that make sense into the business plan for the company being set up. For example, many offshore jurisdictions are tax advantaged and have banking laws that allow for a fair degree of privacy in doing business. Likewise, many offshore jurisdictions offer the ability to run a business through an offshore corporation, often owned by an offshore foundation. None of these individual entities need be in the same country as the business being set up. Taking a careful look at the possibilities with the advice of competent counsel can be very beneficial, especially when done in advance of license application.

Once the individual or corporation has decided upon a jurisdiction and a business plan, getting a license becomes a matter of paperwork. Directors, officers, and shareholders will typically need to provide a degree of both personal and financial history. It is possible in some circumstances and in some jurisdictions to set up nominees for various positions in the corporate structure. This is a matter to discuss in advance with competent counsel.

Although prices will vary from jurisdiction to jurisdiction the cost of setting up an offshore business such as offshore money changing will be around $27,000 for the first year including application, fees, and license. Subsequent years will run around $12,500 including license renewals and fees.

Running an Offshore Money Changing Business

Just as jurisdictions vary in terms of opportunity offered and license restrictions so will jurisdictions vary regarding some of the requirements for ongoing business operations. One common requirement for businesses with a physical presence in a country is that there may be a requirement that a certain percent of employees be nationals of the host country. This is typically a benefit and not a disadvantage as the wage scale in the offshore jurisdiction will often be substantially lower than the founder’s country of origin.

Setting up business software, a web site, and other business operations may well be cheaper in the host country. If not competent counsel will be able to help from the outset in choosing which services and back office operations to outsource and which to retain in house (or in country).

It will be important to give some thought at the outset to scalability of the business. International businesses have virtually unlimited potential. A well run money changing operation could well find clients all over the globe. Having a plan to increase staffing, in house expertise, web presence, and computer software could be very financially rewarding in a rapidly growing offshore business. Setting up strong banking connections at the start may be essential in the event of rapid expansion and need for temporary credit.

Foresight and Success in an Offshore Money Changing

Just like doing business “back home” a little though before the fact and seeking wise counsel tends to beget business success. Setting up shop in countries with sound legal systems and stable governments helps avoid problems down the line. Hiring competent staff and seeking competent advice not tied to overpowering local interests will be essential. The founders of an offshore money changing company will typically want to be very “hands on” at the beginning but will also want time to enjoy the fruits of their labors as the business succeeds. This gets back to trustworthy and competent staff as well as a transparent system for keeping track of accounting and other business operations.


How to Change Your Money Paradigm


A simple way to look at paradigms is to see them as maps. Each of us has many, many maps in our head which can be divided into two main categories. Maps of the way things are, and maps of the way things should be. We interpret everything we experience through these mental maps. We seldom question their accuracy; we’re usually unaware that we have them. We simply assume that the way we see things is the way they really are or the way they should be.

The more aware we are of our basic paradigms, maps or assumptions, and the extent to which we have been influenced by our experiences, the more we can take responsibility for those paradigms, examine them, listen to others and be open to their perceptions, thereby getting a larger picture and a far more objective view.

When you are able to consciously make the correlation between the thoughts that you have been thinking about money, the way you feel when you think those thoughts and the money that flows into your experience, you can make the necessary changes to improve your financial situation.

So often we assume that when we say “I want more money,” that we are speaking positively about money. But when you are speaking about money and have a feeling of fear or discomfort as you speak, you are not speaking about “plenty money,” you are speaking about the “absence of money.” And the difference is very important.

It’s of value for you to become aware of how you are really thinking and more important, feeling about money. If you are thinking or saying things like: “Oh, that is a very beautiful car – but I can’t afford it,” you are not allowing in the abundance that you desire. The feeling of disappointment that is present as you acknowledge that you cannot afford it is your indicator that your thought is pointing more toward the lack of what you desire than toward the desire itself.

So here are 3 steps to get you started:

1. Acknowledge what others around you may be saying about money matters. You then make the following statement, “I understand that the people around me hold different views about money, spending, saving, giving money, receiving money, and it is not necessary for me to understand their opinions or perspectives.”

2. Develop some positive statements, for example: “financial abundance comes to me easily and effortlessly and I accept it now.” “I love the idea that more money gives me more choices, I will buy that car and I will live in a new neighborhood.” “I am increasingly magnetized to money, prosperity and abundance.” Repeat these statements often so that they become second nature.

3. Develop a positive expectation and attitude as you look towards the future as shown in this example, “I understand that money will not necessarily appear instantly in my life with the changing of my thinking, but I do expect to see a steady improvement as a result of my conscious effort to think better feeling thoughts. I am certain about that.”

To change your outer world, you must change your inner world. It is imperative that you believe that you have the capacity to make the necessary changes to your financial future. So begin today by first becoming aware of what you are thinking and saying negatively and change that to something more positive that will bring the desired results.


Change What Money Makes You Feel


There are people that spend money and people that save money. What are the reasons for this? Our spending habits are determined by the way we think about money and our over all money attitudes. If you want to change the way you spend money, you must change your attitude about it.

We learn how and what to think about money at a very early age- how do you view money? As children, we see our parents and how they handle the money they have. Some of us had parents that made very little money, and some of use had parents that made much more money at their jobs.

Wherever you came from, the way you feel about money has probably come from those around you, including unhealthy views. If money was a sore topic in your home, you are likely to avoid discussing it. This could lead to bad habits such as overspending, and money being even more taboo.

If you were fortunate enough to have a good supply of money, you could not know naturally how to limit your spending as an adult. Even if you find you are not as well-off as your parents, you may be likely to spend as if you had a higher income. This type of money attitude can get away from you rather quickly.

Childhood stories about money can also mimic real life. For instance Ebenezer Scrooge- he grew up without money, and as an adult he was obsessed with it. He gave up all other pleasures- only his money was important to him. Who wants to end up living like that?

Work to change your attitude towards money to be more positive. If you have the desire to change your attitude, you’ve reached the first step. It’s not an easy one, but with determination, you can certainly change these beliefs.

Arrange a visit with a financial advisor to discuss your situation. Talk with your advisor about your view and any worries or concerns you have about money. Let them know your financial goals. A good financial advisor will take your finances and can create a portfolio for you, showing you how to invest and what to invest in.

Financial advisors may also be able to work with you to help design a budget. If you are tight spending money, a budget can help you set aside money for extras each month. Someone with a frugal attitude about money may not wish to set aside money for extras, but they can learn. Hopefully, they will learn to relax and to enjoy the rewards of money at some point in the future.

Big spenders should learn to use a budget to scale back their spending. Learn to spend for special occasions, and not excessively every day. Money won’t continue to come in this way, unless we plan for it to continue. Spenders must realize that they need to learn to save money for later on in life.

Have you thought about your money attitude and the way you think about money? If you’re thinking about your quality of life long-term, consider speaking with a financial advisor and making some healthy changes to your money attitude.


Money Tip – Change One Habit


Are you still doing the same old tired things and hoping for different results? You want to increase your income by 20% this year. But you haven’t actually done anything to make it happen. You know this is the definition of insanity, right? Isn’t it time to change your mind? And a habit or two?

A change in your habits or behavior will bring about new results in your life. Shake things up! Take wobbly toddler steps in the right direction to get you started.

I stopped watching TV. As I watched successful people “entertain” me out of using my time more productively on my own projects, I decided it was crazy to watch them do their jobs at the expense of my own. So for the first time in years, I did not watch the Australian Open tennis tournament. I left Venus and Serena Williams to handle their business and I handled mine. It was liberating! Serena won without me. And I finished a new information product. I love it when I take action!

You might want to introduce a daily walk to your routine. Use it to get clear on your goals as you clip along at a steady pace. Or spend 10 minutes meditating first thing in the morning. Or say two affirmations that resonate with you. Or list five things for which you’re grateful at the end of the day.

Take focused action. Decide one thing that you will accomplish today. Not just activities, but an accomplishment — a completed assignment you can check off the To-Do list. Let it represent a mindset and momentum shift for you. Commit that you will complete it by noon, or 3pm. Accept no excuses.

Will you write that proposal that has been nagging you? If it is not an income-producing project, is it operational? Might you compile this month’s bills in one place – like a file folder? How about listing all of your expenses and totaling them? Give yourself the power of knowing exactly where you are financially. It means you have to stop playing games with yourself. What was that – Money Masturbation 101? Enough already.

Change some variable in your results equation to achieve the outcomes you desire. Make a change in your routine. Do it daily. Adopt habits to develop and strengthen your mental and money muscles. Do it for seven days. Then for seven more. Expect to see different results.

Let me know what habit you adopted, or unproductive habit you stopped. Did it help?


Does Money Change You?


I do not believe money changes you, however, it certainly changes the people around you. Use purchase orders and contractor agreement contracts from the start of your business.

Purchase orders can be created out of any accounting software program such as Quick Books or Peachtree. A purchase order is a written authorization for goods and services, specifying the price and terms of payment. This is a legally binding contract once accepted by both parties. I would advise to use this method for all expenses unless you are using a company credit card for items like hotel room, trade show reservations, etc. Make sure you use a purchase order for the manufacture of your product.

Remember, you are a boss or business owner first. Personal relationships can easily cloud your judgment when you are inexperienced. When I was away exhibiting in almost monthly trade shows, I delegated the responsibility to order office and shipping supplies to a trusted employee. I found out later that the supply companies often offer gifts for certain levels of purchases. As a result, the employee would order $150.00 worth of supplies when we needed much less in order to receive a free small TV, radio or such. Employees left unchecked often will spend a lot of your hard-earned money. Months after discovering this ordering scheme, I still have enough pens and other supplies to last me for years to come.

When you hire an independent contractor, be sure you prepare and have a signed contractor agreement. If you do not have such an agreement in place you may not own the material produced by the contractor. This applies to such items as your web site, brochure, photos of your product, and even your company logo.

On the search engines, such as Google, you can find examples to download free for use simply by typing the terms work for hire and contractor agreement contract. I also advise you to use a purchase order with all the terms clearly spelled out. In the case of graphic artwork, make sure you have a disk of all artwork delivered to you before payment. Always specify that your company will own all rights to the material produced under the agreement.

It is advisable to file copyright protection on your company logo and other important artwork.

When some accountants, lawyers, and graphic designers, etc., see money coming in, you may experience a sudden increase in their fees for services rendered. You need to guard against this no matter how well you think you know them or how long you have been doing business with them.