You'd think there's a magic formula behind abundance. Or a complex scheme. Turns out, it's really simple. I learned this from the book The Abundance Formula by Bo Sanchez. Just remember these 4 numbers: 100, 10, 20, 70.
- Earn 100%
- Give back 10%
- Invest 20%
- Spend 70%
Understanding Your Spending Habit
Money is also about psychology and emotions. It’s hard to restrain from buying when you keep on justifying it, right?
"It’s on sale."
"I deserve this."
You will never run out of excuses when you purchase something. And that's what usually stops you from living an abundant life.
How Can I Be Abundant in Life?
Financial abundance, as suggested in the book The Abundance Formula, is simple.
1. Earn 100%.
Give your all in what you do because the universe will always pay you back for what you give.
2. Tithe 10%.
Ask any successful businessmen - who are not religious, and they will tell you that giving back to the universe is a huge part of success. It’s the law of attraction, the law of reciprocity, the law of the harvest. When you give, you create a vacuum that the universe will fill up again. That’s just the way the universe works.
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3. Invest 20%.
There are many kinds of investments: paper assets, properties, and businesses. If you're no expert like me (math and I have a complicated relationship), do your research and see which investment suits your lifestyle best.
Or join the Truly Rich Club. They give you financial - and spiritual advice. They tell you what companies to invest in, when to buy, or what to sell.
(This post contains affiliate links, so we'd get a commission if you purchase through the links at no additional cost to you. Thank you!)
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4. Spend 70%.
Spend what’s left after tithing and investing. Live only within or below your means, and you’ll never run out of cash again.
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What does it mean to live life abundantly?
- Fulfilling your potential. Growing, learning, and using your gifts.
- Meaningful connections. Building deep, loving relationships.
- Gratitude and joy. Savoring the good, big and small.
- Purpose and contribution. Giving back, making a difference.
The Secret to Living Abundantly
Abundance is a feeling, not a material possession. It's about richness of spirit, depth of connection, and the joy of living a life true to yourself. So, tune into your own symphony, play your unique notes, and create a life overflowing with abundance.
What are the characteristics of abundant life?
An abundant life isn't easily defined, as it has different meanings for different people. However, there are some common characteristics that tend to paint a picture of richness and fullness:Inner Qualities
- Purpose and Meaning: A sense of direction and a guiding force that fuels passion and motivation.
- Joy and Gratitude: An appreciation for the good, big and small, leading to a deep sense of happiness and contentment.
- Resilience and Growth: The ability to bounce back from challenges and continuously learn and evolve.
- Peace and Calmness: An inner serenity allowing clear thinking and emotional stability.
- Love and Connection: Deep and meaningful relationships that provide support, belonging, and shared joy.
External Manifestations
- Contribution and Impact: Making a positive difference in the world, however big or small.
- Health and Well-being: Physically and mentally thriving, feeling energized and able to pursue your passions.
- Creativity and Expression: Utilizing your talents and abilities to bring something unique to the world.
- Financial Security: Having enough resources to meet your needs and pursue your goals without undue stress.
- Adventure and Exploration: Stepping outside your comfort zone and embracing new experiences to broaden your horizons.
Remember, the characteristics of an abundant life are a guide, not a rulebook. Embrace the journey and create your own definition of a life lived to the fullest.
Bo Sanchez's The Abundance Formula Takeaway
After reading books on money management, attending seminars, and applying what I learned, I realized that the road to abundance may be long, meandering, and even lonely (not everyone is determined to get out of the rat race), but seeing your money grow is fulfilling.Because it's not about accumulating material things. It's being able to do what you like, give to those in need, and have a sense of freedom.
Can you say you're living abundantly at the moment? What's your secret?
1 comments
I am also an advocate of financial literacy..this post is very helpful..Spread Financial Literacy to Every Juan :) Mabuhay ka! :)
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