Many people lack money not because they don’t want it but because they don’t understand it
The Bible says in Proverbs 23:5 that riches (money) has wings and like a bird, it flies to the sky.
Those that understand money send it on errands and money works for them. Those that don’t understand money run errands for money thereby becoming errand boys and girls for money. For such people, money is the reason they do what they do.
Treat money like a bird. Set traps with baits for it and see it pursuing you. Money is an industrious taskmaster that can work for you or make you work for it.
In Luke 19 from verse 13, Jesus told a parable that shows that money should be invested in assets or ventures that will bring profit. Even if you don’t know what to do with that money, keep it in the bank, according to that parable. It is better kept in the bank where it will attract some interests. Though insignificant, it is better than burying it in the ground which is synonymous to leaving the money idle. Jesus further taught in John 12:24 that when a seed (in this case) money is left as it is, it brings no value. But when it is down, that is, invested, it yields dividends.
This implies that to have more money, you need to start sending money on errands while it is small. Don’t wait until you have plenty money to start investing. By then money would have mastered you and you would be the one running errands for it.
Money likes errands. Be the one sending it on errand before it starts sending you on errand.
Tie down money by using it to buy assets, not liabilities. Assets bring money to your account. Liabilities take money away from your account.
When you buy a real asset, it’s like trapping money with a bait. This is because money flows positively around assets but negatively around liabilities.
When money sees the way you utilize it effectively, by its nature, it will be attracted and more money will flow in your direction. Conversely, when money sees the way it utilizes you, it does it more.
No matter how little it is, but an asset that generates revenue - this is the trap. Reinvest the revenue generated or part of it, that is the bait. Money, like bird, will fly towards you. But if you spend everything you earn, without investing any part of it, money will know and riches will fly away from you. You will then need to start pursuing money up and down.
Start by saving 20% of all you income in your times of plenty, like Joseph advised Pharaoh. This 20% saved the world.
George Samuel Clason, in his book, The Richest Man in Babylon, advised saving minimum of 10% of every income. The more you save, the more the likelihood of hardship in the present but the more also is the likelihood of pleasure later. This is if you use the money this saved wisely.
Liabilities propel riches to fly away from you. Assets attract money in your direction.
