Gold - did you know?
Revelations Learned From Saving
THE POWER OF SAVING: If you cannot SAVE, the seeds of success are not in you.
On my father’s farm growing crops as a child, I learned that first comes the labor involved in bringing in the harvest; then second comes storing up a portion of the seed; then third comes sowing of the stored seed for the next harvest in due season. And around and around it would go! The process is no different for all of us who principally earn the same way; it’s just the words that change slightly in the process.
1. First comes Work
2. Second comes Saving a portion from our Work
3. Third comes Investing from a portion of our Savings
And it should go around and around. Really "Savings" and "Investing" are very boring when you think about the process, yet so many have difficulty with it in today’s world. One of the key factors to the difficulty of being able to see into the investing arena clearly is because very few in today’s world are "Savers."
The discipline of saving brings disciplines into many different areas of our lives; one of them is the discipline of spotting deceptions in investing. You see, when we learn to save without thinking in a disciplined way, we soon learn that the process to growing our personal wealth takes labor and time. Putting a portion of our labor away every paycheck soon teaches us the real value of our savings, being derived from our labor. Understanding this process then gets us to think in a different way, a way that gets us to look into an investment and look for the labor. When we can see the labor, then we can see how our investment will bring a return, because we already now understand that labor produces wealth (Savings).
If we cannot see the labor or understand the process within the investment which enables us to see the labor, then we are investing without the knowledge. Not only does this process help us to see investments from a different perspective, it also helps us spot the deceptions in investments as well. This way we then can help mitigate the complete loss of our precious savings.
LOVE ONE AND HATE THE OTHER
Recorded in the Gospel book of Matthew (a learned and well educated man), Jesus said these words, “No one can serve two masters. For you will hate one and love the other; you will be devoted to one and despise the other. You cannot serve both God and money." I have thought about these words on and off over the years and have realized that the wealthy do not work for (serve) money. They work to learn and increase.
Learning the discipline of Savings is very important. We all start off working for money in one form or another, yet this is not how it should end or go all the way through. Going from working for money and having our money work for us is a process, a process of learning and then applied application via trial and error in some cases (actually in most cases). It’s taking a portion as stated above from our Savings and getting it to work for us instead of us always working for money.
The Generationally Wealthy already have a head start in this process, for such knowledge is instilled from birth and upbringing. The Generationally Wealthy are not concerned about working for money, therefore they are not consumed by it and are able, metaphorically speaking, to love other things. The same is true for those who love God, for being consumed with working for money and being able to do what you love can be a choice which in a world of necessary provision to survive can be difficult. Hence you will put one over the other knowingly or unknowingly. So again, having our money work for us is not an instant process but a process that is developed over time, and Savings is the key to this learning process.
JURISDICTIONAL SAVINGS AND INCOME
"Give a serving to seven, and also to eight, for you do not know what evil will be on the earth."
This quote is from Solomon's personal autobiography. It speaks about what to do with our savings and gives insight into where to place our savings geographically. It also leads us into geographical earning opportunities as well based on my perspective and experience.
GENERATION TO GENERATION
Solomon's perspective was not solely his own, however. It was passed down from his father, King David, and Solomon learned well.
The biblical King David of Israel was known for his diverse skills as a warrior, builder, musician and a writer of the book of Psalms. Almost all knowledge of him is derived from the books of the Prophets and Writings: Samuel I and II, Kings I and Chronicles I. In his 40 years as ruler, between approximately 1010 and 970 BC, he united the people of Israel, led them to victory in battle, conquered land, and paved the way for his son, Solomon, to build the Holy Temple amassed with great treasures and Gold and Silver.
The Bible states in its writings "Indeed I have taken much trouble to prepare for the house of the LORD one hundred thousand talents of gold and one million talents of silver.” This equates to 3,750 tons of Gold (approximately US$131.25 billion in today’s value) and 37,500 tons of Silver (approximately US$19.68 billion in today’s value). To bring these figures into perspective, all the Gold mines in the world put together currently have a total annual approximate output of 2,000 metric tons.
David was the eighth and youngest son of Jesse from the Kingly tribe of Judah, represented symbolically by the mighty Lion. David became King at 30 years old and ruled for 40 years (7 years over Judah and 33 years over Israel). During this time he made pacts, treaties and trade agreements with kings of various surrounding countries.
David fought many battles; however, once he had established the safety of his kingdom, he brought the Holy Ark laden with Gold, which had been passed from city to city, to Jerusalem. He then wanted to build a temple to God to house the Ark. He consulted Nathan the prophet, as this was the custom of the times. Nathan replied to David that God would always be with him, but it would be up to David’s son, Solomon, to build the Temple because David had been a warrior and shed blood.
Knowing this, David amassed great treasures and materials not just for the building of the temple but also for the continuing supply of the Kingly inheritance to be passed on as well.
David established many cities throughout his reign. After he had taken a new city, the first thing he would do was to establish a storehouse in that very city along with trade agreements. However, David did not live in that city.
"Give a serving to seven, and also to eight, for you do not know what evil will be on the earth."
Trouble broke out internally many times around David where he resided for most of his life and reigned as King. In this case he had backup stores in cities he did not live in just in case his wealth was taken from him at his current geographical location. Not only that, he also had trade agreements for income earning potential as well. If necessary he would be able to start again in a new place with wealth to draw upon all over again instead of having nothing to start from.
This trait taught by example and practiced by King David and his son King Solomon is not solely their own. Any student of history will soon spot the traits within the passageways of history when alerted to it.
The prudent Jewish people who escaped Nazi Germany prior to the holocaust are well aware of such a trait. For those who could see trouble looming ahead, they moved and amassed the lion's share of their personal wealth outside of Germany. When the political environment began to change and laws were passed targeted at confiscating their wealth, only a small portion was able to be taken away. For those who did not take the action of leaving Germany, deciding to stay as war broke out, they could possibly negotiate their way out for safe passage with some sympathetic authorities by saying that they could pay from savings in another country! Mind you, the practice of having multiple stores is far better practiced as being established before such events force one to react. Hence the old adage, "Better to be a year early, than a day late."
Again the principle trait is found within other entities on multiple fronts such as the British Royal Family. Still one of the richest women in the world, Queen Elizabeth's empire, once spanning one third of the globe, has Royal agents working on the Crown’s behalf even now in many nations today known as the Common Wealth. She has amassed great wealth such as land (called Crown Land) and businesses. An example is the great Oil giant, "British Petroleum" (now renamed Beyond Petroleum) being one of the largest share holders.
Solomon, well-versed on such things thousands of years earlier, stated,
"A prudent man sees danger and takes refuge, but the simple keep going and suffer for it."
The 'simple' being the ones who lack knowledge and prudence.
The masses lacking such knowledge keep the lion’s share of their wealth where they live. Consider also that the masses earn the lion’s share of what they earn from the jurisdiction they live in as well! King David and his son King Solomon had many treaties with surrounding nations. With these treaties came business opportunities to establish multiple jurisdictional streams of income. Think about this for a moment and ask how many people or friends around you earn extra income streams from multiple jurisdictions let alone multiple sources.
IBOs - LISTEN UP
The opportunity for currently qualified IBOs is to not just learn and practice the awesome power of savings in tangible wealth such as Gold and Silver, but also the incredible opportunity exists for earning multiple streams of income from multiple jurisdictions around the world outside of where you currently live. It will also help you spot those within your organization who are being productive with their labor to add benefit to your organization. Last week I stated, "You cannot see beyond what you do not understand." This opportunity is afforded only to the few in this business who can see such an opportunity, are seekers of knowledge, and are willing to put the work into understanding.
Until next time,
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