The vast majority of people think that money is only meant for meeting certain needs, such as eating, dressing, or driving a car. Yes, money plays such roles, but if you only use money for meeting certain needs, you will never be rich. You will always lack real wealth and will become a slave who work for money only to spend and spend.
Money functions as a seed. What do we do with seed? We can eat them, but that would be unwise. If we consume the seed, next year will come and we will not have anything to eat, because we have not sown a thing. “Whoever does not sow does not reap” is a universal law. Therefore, we must turn the money that comes to us into planted seeds.
If you have heard about the parable of “TALENTS”. It explain the laws of money. The man who holds his talent and did not invest it was punished for his wickedness. Other two men received three and five talents of money each, which they invested and multiplied, and their rewards were handsome.
If we are going to invest money, we need to know how to do it and what to invest in. Many people go bankrupt because they sow good seed into bad soil, and that is the surest way to lose one’s hard eared money. It is obvious that the first man did not have an appreciation of the value of the talent committed to his trust and had not learned enough to know how to invest properly in money making ventures.
The two faithful men did not spend the money given them, but rather multiplied it. Even the third man did not spend his money, as we often do, but he stored it up and hid it away. Yet this man was condemned. However, it is important for you to take 10,20,or 30% from your monthly earnings or business according to your abilities for savings and investment. You must turn this money into harvest, in other words, put it aside for multiplication and not spend everything right away on things that are not relevant just to show off that you have arrived, and before an other month end to receive salary, you are already broke.
“Retention” Which The Third Man Failed
The man failed in this because he did not even retain the money entrusted to him. After hiding the money for some time, the initial amount given to him had depreciated through inflation. Even though he gave it back to his master upon his return, it was not intact as he had so smugly thought: hence, the master’s disappointment. Therefore, the second law of money is to retain it.
We are often tempted to spend the money coming our way on pressing and legitimate needs, but wise people keep it in their possession before investing. It is irresponsible to spend money before it multiplies. Some people may give excuses why they cannot invest, remember excuses are the comfort of mediocre people. Spending all of one’s salary every month before it multiplies, contradict the divine laws and human logic.
No matter how small your income, keep a part of it for multiplication. Reward goes to those who multiply what they have, as recorded in history “Well done, good and faithful man, You have been faithful with few things; I will put you in charge of many things. Come and share your master happiness” If we keep on giving excuses, then we are only encouraging ourselves to be irresponsible with little, and then to start begging God for a financial breakthrough. What a paradox!
We see the third law of money exemplified in the two faithful servants who were diligent. Diligence means making a meticulous, conscientious, thoughtful, and careful effort in rendering service. It is not just doing something right, but also doing something thoroughly and effectively. Diligence delivers excellence, quality, creativity, and the highest standard possible.
Money comes to those who are diligent and who know what to do with it. They were faithful because they multiplied their seeds while retaining the original seed and then simultaneously multiplying the seeds again.
Understanding The Difference Between Assets
The difference between assets and liabilities is extremely important to grasp. The poor acquire liabilities while the rich acquire assets.
An asset is a possession that brings money into your pocket. Also, it is an income that appreciates.
While a liability is something that depreciates, the cars we drive and the houses we lives in are liabilities because of expenses required for upkeep.