Monday, July 23, 2018

Kyle Phoenix Answers: What do you mean by the rich pay themselves first, then pay others, whereas they would be poor otherwise?


In a broader context it, beyond entrepreneurship or being an employee, it means that there is a consideration of money/resources from the internal to the external.


Externalized Money
Most people, unfortunately keep money at an external level. Money arrives in a check, cash/deposit check, distribute cash/personal checks to bills, costs, survival.


Internalized Money
I get paid—-however I get paid but before that I think about my money.

I may’ve been thinking about it beforehand—-days, weeks, months before it arrives. I’m planning. Even before it arrives in the form of a check/direct deposit from whatever source system, I’m holding it within myself and then deciding how I will distribute out from there.

That might mean a plan, a written budget, a long term plan and goal. Money, a currency concept, has a chance to “be with me” in concept, because that’s all that money is. If I relate to it as anything beyond a concept that provides transaction to experience and resources then I’m stressed, worried, harried, rushed, not thinking.

Like I’m thinking about what to do with my media profits in 2025, 2020, 2019, 2018. I know that I have one/two ongoing monthly costs and one business balloon expense in November 2018 but I’m planning that against the business paying for it. I also have another service to add on, Click Bank, that will expand my revenues. I’m internalizing it first, considering it, planning it, checking it out. It seems like I’m spending it before hand but I’m allotting it beforehand, because I’m also planning how that consideration will make more money.

I notice that poor people thin of money in hand rather than in mind first. Somehow I think that means that if thoughts are things then you can’t influence it on a basic level. Perhaps the “secret” that everyone is looking for is to stop considering money as a physical thing? To consider it instead as an ephemeral, expandable concept?

I’m not just seeing it paying, I’m seeing it as part of a process rather than a completed cause to effect. The concept of “poor” I think is a closed loop. Work, pay, survive, work, pay, survive, repeat. What we’re talking about in “rich” is expanding that loop, interlocking it with other loops.
In an interlocking loop, I’m already looking at real estate purchases, stocks and bonds, investing in another small business with ongoing profits, or even as an employee/consultant/single proprietor (doctor, lawyer, etc.) I’m thinking of multiple paying projects, contracting projects, accounts, patients, clients—-big and small loops interconnected to other loops that bring back in or create new sustained loops.

I was just thinking/mentioning to coworkers that I needed an additional $18,500 in my budget as a pension savings on top of what I already do. Essentially another pension/savings plan. But my criteria was that it couldn’t absorb too much of my time, I didn’t want to massively change my current schedule and I didn’t want to put to much effort into whatever the work was that I had to do. I’m considering how to almost not work for it but to create it and then how much or how little effort to impart to it. Funny, a coworker blanched that I was looking at not working harder. He thought of it as a “bad” thing, I was like damn, right—-there’s another way to get a loop going and the money depositing into a plan. Value vs. effort.

I think of money through a lens of value, rather as the poor do, a lens of effort the rich pay themselves first, then pay others, whereas they would be poor otherwise?—-because they control how they conceive of the concept of money which creates enough detachment to truly utilize it as a tool and not a self measure or simple currency resource.

Smile, Kyle
KylePhoenixShow@Gmail.com




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