Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.
Introduction,
Chapter 1 Perspective,
Chapter 2 Money as Spirit,
Chapter 3 Core Skills,
Chapter 4 The Powers That Be,
Chapter 5 By Jove!,
Chapter 6 The Set Point,
Chapter 7 Debt-Killing Strategies,
Chapter 8 Managing Money,
Chapter 9 Job-Finding Magic,
Chapter 10 Promotion Magic,
Chapter 11 Entrepreneurial Magic,
Chapter 12 Emergency Magic,
Chapter 13 Passive Income,
Parting Words,
Notes,
Index,
About the Author,
PERSPECTIVE
Before you can plot a course, you need to know a few things. You need to know your current location, the lay of the land that you are going to traverse, the methods by which you will make the journey, and, most importantly, at what destination you want to arrive and why you want to arrive there. This will give you proper perspective for your journey.
The path to a financial goal is no different. This chapter is all about gaining perspective:
* Perspective on where you are financially right now
* Perspective on the financial environment you live in, and the opportunities and obstacles it presents
* Perspective on what magic can actually accomplish and how best to apply it
Your Personal Situation
The first thing most people think about in conjunction with wealth magic is the desire to be "rich." Most people don't have a clear idea of what this means, and those who do typically tell me that what they want is to have enough money that they never have to think about it again. I know a few people who are what many people would call rich, and I can tell you that all of them think about money. A lot.
As I pointed out in The Sorcerer's Secrets, terms such as rich and wealthy are relatively meaningless. The truth is that on a global scale, almost everyone who is reading this book is rich. According to the World Bank Development Research Group, anyone making more than $47,500 a year is in the top 1 percent of income earners on planet earth. If you make more than $25,500 a year, you are in the top 10 percent of income earners. The bottom 50 percent of the people on planet Earth live on less than $800 a year. Think about that for a moment.
I know you're thinking that $25,000 may be in the top 10 in the world but it's still pretty poor for America, where the federal poverty line is currently listed as $10,787 for an individual. But let me remind you that even the poorest people in America or Western Europe have access to amenities that the poor in most of the world do not. The roads, sanitation systems, plumbing, and access to charitable services and social safety nets are things that the bottom 50 percent will never see. The simple idea of potable water coming out of a faucet is a foreign idea to much of the planet. The guy flipping burgers at your local diner may live close to the poverty line in America, but that still puts him among the top 10 percent wealthiest people on the planet, and his life reflects that.
Am I saying that you should just be happy with what you have and not strive for greater wealth? No, most definitely not! I am all for you attaining greater and greater levels of wealth. If your desire is to be rich enough to own your own jet, then I say go for it! My point is simply this: You can't do magic with merely the aim of being rich. If you summon Jupiter and ask him to make you wealthy, he is going to look at you funny and remind you that you are probably already in the top 10 percent, if not the top 1 percent. If, however you ask him to help you reach specific goals, and you present him with a detailed plan, he is probably going to be a lot more helpful. You need perspective about where you are and where you want to be, as well as a plan to get from here to there.
Being Rich vs. Being Wealthy
Being rich and being wealthy are not the same thing. A rich person has a high income, which is a stream that can feed being wealthy or being in debt, depending on how that money is used. There is no shortage of people with high incomes but no real wealth. Do you think Canadian singer-songwriter Leonard Cohen wants to be on tour at age 76? Of course not. Do you think famous photographer Annie Leibovitz wanted to put the rights to her photos up as collateral for a loan? Absolutely not. One needs only watch a show like VH1'sBehind the Music to see a long line of rich people whose income was used to build debt rather than wealth.
Wealth is not a flow of income; it is a state of positive finances. Buckminster Fuller once said that wealth can be measured in the number of days that one can live one's normal lifestyle without a paycheck. When your assets and sources of passive income are high enough to provide sufficient income to support your lifestyle without your having to work for a paycheck, you are wealthy. I like this system of measurement.
Note the relationship between lifestyle and income. If you are happy in an apartment or small house in a rural area, the income needed to create wealth is less than if you owned a brownstone in Manhattan. It places the ball squarely in your court to figure out what you want and what you need to do to achieve it.
Using this measurement you can begin to chart where you are in terms of income, expenses, and debt, and where you need to be. The specifics of doing this are what the rest of the book is about. Before we get to that, though, we need to look outward. It is not enough to know your own financial situation; you need to know the financial situation of the world.
The World's Financial Situation
I am writing this book in the final months of 2011, and at the moment the financial situation is pretty bleak. America has been experiencing the worst economy since the Great Depression, and it has been that way since early 2008. Unemployment has been hovering around 9 percent for four years straight and shows no signs of improving. More than a quarter of America's homeowners are upside down on their mortgages. Even government-run parks and libraries are closing their doors. Europe is now entering a crisis even worse than what America is going through, and entire countries are in danger of defaulting on their loans. Bonds, once thought to be the very safest of investments, are reaching record lows.
The gap between rich and poor is growing daily, and the system is increasingly stacked to reinforce the divide. According to Mother Jones magazine, the top 1 percent of Americans control 34.6 percent of the nation's wealth. The rest of the top 10 percent have another 38.5 percent of the nation's wealth, which leaves the bottom 90 percent with only 26.9 percent of the nation's wealth. This type of income inequality normally only exists in third-world countries. This divide has sparked the "Occupy Wall Street" protest movement, which has now grown in size, public profile, and importance to a degree that is unmatched by any protest movement since the 1960s.
More and more people are finding it difficult to manage in the current economic environment. In fact, most people have difficulty even understanding it. Unfortunately, knowledge about how finances work is not often taught in schools. It should be, but it isn't.
The Deal
Instead of financial education, society offers us a...
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