Seven Cures for a Lean Purse Part 7

“The HOLE in our pocket/purse is usually larger than the money we are putting in – there is a cure for HEALING this HOLE – the medicine however, may hard to swallow and a bit bitter to the taste…” — Rick Cox

“But the result is worth the inconvenience of having to put up with the taste and taking the time to swallow…”

Rick Cox

Part 7

Cure #6: Insure a future INCOME… The Richest Man in Babylon

“There are two types of “INSURING” being spoken of here. Both should share equal importance in your life.”

Most people are looking to hit the lottery, the jackpot at the casino, get ‘the check in the mail’, or receive a large inheritance. There is one big problem with what they are doing, and that is they are waiting on something to happen to them. Unfortunately, during this time of waiting THEY ARE NOT WORKING ON INSURING A FUTURE INCOME. They are not doing anything, but waiting.

We should not be desirous of becoming the recipient of a large sum of money; rather we should desire a constant and consistent income to provide for us into the future. Large lump sums of money are usually lost very quickly due to the fact the one who receives it has not learned the skills to properly manage it. On the other hand, one who has set up for him/herself a steady stream of income has done very well for themselves and their families. In your seeking, seek to insure a steady stream of income. Seek to set up for yourself and your family the ability to have an income stream even when you can’t or do not work. This will provide a calm and stable atmosphere as well as peace of mind for all in the home.

Sadly, people spend so much time trying to figure out how they are going to win the big one. If they would put half as much effort, energy, and thought into developing the skills to make, invest and insure a consistent income, things would change for them. I find it strange that people sit around and dream of winning the big one. They try and get into positive thinking about being lucky and attracting this wealth through winning a lottery. Their whole concept is off.

Don’t get me wrong, positive thinking is great. But it only works in certain ways and must be applied to what works on this planet. What works on this planet is the seed sowing principle. What this means is, one must sow first before there will be a harvest. Those waiting for that big event when they will win or inherit big money are trying to circumvent the way things work. The reason they are trying to circumvent the ways things work is they are not working. What they are doing is sitting on their butts doing nothing. As for being lucky, remember LUCK stands for Laboring Under Correct Knowledge. The operative word is LABOR.

They also want to ATTRACT to themselves what they desire, but they are not doing anything to allow the process to bring it to them. There is WORK involved in getting what you desire to attract to you. Dreaming is good; but the belief of sitting around dreaming about what you want and desire and then having it fall on you like ripe apples off a tree is to play a fool. The key to attraction is to be Laboring toward a specific goal for it is the labor that will make you like a magnet. There must be an action on your part and labor is the action.

The labor or action on your part is simply to plant, water, and keep the soil free of weeds, and all the while the seed will grow to maturity and produce for you thirty, sixty or a hundred fold more than you planted. The seed does what it is suppose to; the soil does what it is supposed to; the water does what it is supposed to, and the sun does what it is suppose to. You become the recipient, but you first had to plant. You had to do something. You had to labor. As you improve at the practice of picking the right seeds and planting in the right soil, the return process will get better and better and sure enough you begin the progression of having a steady stream of income.

If I was a farmer having a small farm where I planted in the spring and harvested in the fall this would go on and on year after year. I could continue this process and not insure a future income or I could scrimp and save some extra seed selling it to buy more land allowing me to plant more seed making my harvest greater. If I repeat the process year after year I could continue to purchase more land. Eventually, I could lease some of my land to others to plant their seed and harvest their crop. The leasing of the land would be an annuity for the family for many generations.

What is it you have always wanted to do? Why haven’t you started doing it? Perhaps, you have always wanted to write a novel or book of some type? The proceeds from a book may bring you an income for many years. Possibly, you desire to be speaker. While speaking you could record CD’s/DVD’s, which could also bring an income for many years? Your heart dreams the dream, but your action or labor on carrying out that dream holds the key. You must do your part.

There is a saying in the Bible, “Be a doer of the WORD and not a hearer only!” The word is the dream or desire that rises in your heart providing that little inkling to get started on playing an instrument, starting that book, speaking in front of an audience. It is that inkling to do something. The problem lies in the fact that if we do not start while there is an ember, then the little ember soon dies out. What could have developed into something of great passion just dissipates into nothing.

What are your plans for insuring a steady and consistent stream of income? Do you have any?

The other way to insure an income for the future of your family is through the purchase of life insurance, which comes in many ways, shapes, and forms. When the Richest Man in Babylon or the writings of Solomon were written, there were no insurance companies from which you could purchase assurance of monetary support for your family. Fortunately, there is today. Through insurance you can not only assure your family is well taken care of you can also use this as a way to save money. (Please understand I am not advocating the purchase of insurance to save money I am merely giving a suggestion). A good life insurance agent, who also understands financial planning, can help you design the best course for where you are and where you want to go. Do your homework when choosing an agent. Make sure they are not looking for the big one in the policy you purchase. Make sure they have your best interest at heart then get some good coverage in place to carry forward your estate. You will be glad you did.

Opportunity is missed by most people because it is dressed in overalls and looks like work. ~ Thomas Edison

Best of LUCK as you
Labor Under Correct Knowledge…


Rick Cox