Inspirational life coach Tony Robbins says that the secret to living is giving.
He believes that people have six essential human needs, with the last one being the basic human need of contribution.
Basically if you are not contributing to others above and beyond yourself you can never truly be happy.
It is not a want, it is actually a need.
So this brings me to a vital element of my money management system… and that is the give account.
The Give Account
For your money management system to be successful, I believe it has to be holistic in nature.
So as well as having separate accounts for financial freedom, long-term savings and spending, education, necessities and play, you should also have another account for giving.
I have another separate account where I transfer money into each Month, that I use for giving to worthwhile causes that I believe in.
In particular, I give monthly to a World vision child…a little girl called Fiona. Because as a Father of four Daughters growing up in a wonderful country with every advantage, this is something very close to my heart.
Ideally you would transfer 5-10% of your income monthly to causes that you believe in.
You can donate on a monthly basis, but I also know of people that build up the amount and give it all in one lump sum… whatever feels right to you.
Some examples that may resonate with you could be cancer research, the homeless, third-world poverty or other medical research.
Wealth is More Than Money
One of my mentors says that it is not so much that the goal is the money or to be rich, but it is the PERSON that you have to become that is CAPABLE of creating the money that is the goal.
Financial freedom is certainly a worthy goal to have and it is definitely one of mine, but it is what the money can do for you and for those around you that is what really matters.
The more money that you make, the more good you can do with it!
And giving back and contribution to something greater than yourself is what makes life more meaningful.
Quoting Tony Robbins again: “It may take time to become rich, but you can CHOOSE to be wealthy TODAY!”
To your success,
John W. Newman
Dream It, Believe It, Then Achieve It!
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