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Wealth Consciousness:  How to think and live as though you are rich, even when you are broke.  

Wealth consciousness means thinking and living as though you are prosperous...even when your broke.

"A major contribution of miracles is their strength in releasing you from your false sense of isolation, deprivation and lack."

--A Course in Miracles (Text) 

UPDATE:  Since the recession is in full swing...I have a new link called:

Wealth Consciousness during Recession.
 It is some blog therapy for me to get over my stuff and just write more...and to tune into wealth consciousness even during a recession (or an expansion for that matter!)

UPDATE UPDATE:  This page is more about Wealth Consciousness and Consumerism...just what we need to ponder during a recession...did you really need that new gizmo?

Now, on too...the generic idea of Wealth Consciousness...please pardon the interruptions...

If you think you are broke, then you will be broke. If you think you are rich, then you will act in a way to make yourself rich.

I have money now.  Not a lot of money by any stretch of the imagination, but I have enough money so I don't have to live "pay check to pay check."

I have enough money to purchase cars with cash...not expensive cars...not even new cars...the point is, I don't WANT to take out a loan to buy a car anymore.

That is just one of benefits of having money...but that is not really what wealth consciousness is about.

There are people on earth today that have little or no money and they feel very prosperous.  Why?  Because they define "wealth" more broadly than than their net worth.

Mother Teresa took a vow of poverty...yet she was able to travel the world...and implement her desires without money.  How, well, I don't know frankly...but I do know she went wherever she wanted to help people...

...somehow the way was opened and she went.

Ghandi started out with money in his youth, but renounced wealth and its trappings latter in life as a personal choice.  He still traveled the world and had a global impact wearing clothes he made himself.

NO!  I don't think everyone should take a vow of poverty!  There is nothing wrong with taking a vow of poverty, but even Ghahdi knew that poverty was not the way man can be his best...he choose poverty to make a point that served his mission in life.  If that works for you...go for it.

These two examples of poverty are to illustrate the point that poverty and wealth are choices.  So, if you are poor, you are choosing to be poor, whether you are conscious of your choice or not.

I know nobody wants to hear that, so I'm sorry for "getting in your face."

Good news is that once you are conscious that your are choosing poverty, then you can change your mind.  No one should BE poor unless they consciously choose to be poor as part of your mission (like Ghandi and Mother Teresa).

So, if you don't have as much money as you want...then your first step is to realize that you are creating your own situation.

Once you have accepted that, then you can start to shift your consciousness to wealth consciousness and away from poverty consciousness.

So now you say:  "Ok Mr. Smarty Pants...how do I shift into wealth consciousness?"  Or you might say something else more funny and less nice.  :-)

I wrote a series of articles on my blog about wealth consciousness...I am revamping them and reposting them here...they are still pretty good and get to the point of changing the way you think about money and wealth.


Money does not equal happiness.  There are plenty of "rich" people that are far from happy.  More over, being rich works against their happiness because they believe that they have more to lose.  That is one nice feature about having no money, you don't have to worry about protecting your assets.


This is a continuation of step 0.  It asks you to ask yourself where you seek happiness.  Do you seek happiness in buying things?  A lot of people do this and then when they don't find happiness or when the temporary thrill of the new purchase wears off...they seek happiness in more buying.  
True happiness comes from inside you and it is always there and always FREE!

Step 1:  Live below your means.

This idea is actually counter to the idea of wealth consciousness, because if you think you are rich you shouldn't really need to worry about living below your means.

However, getting to where you truly believe you are wealthy takes time, so this is a stop-gap measure and more practical information about how to be thrifty and save the money you do have.


This is more practical advice about paying off your credit cards.  It is a critical step towards getting a handle on your money.


Once you have paid off your credit cards, and have some money left over, you need to research your different saving/investing options.  This article discussing tax-advantaged accounts (401ks, IRAs) and non taxable investment accounts.


Now the fun part.  You have set up your 401k and are investing up to your employer match (or more) and you still have money left over for your Roth IRA or Traditional IRA and you might even have enough money left to open a taxable brokerage account.  The best investment out there is (IMHO) stock-based index funds.


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