_This article was written by YSK at both OOM and PTR.
There has been great discussion on 3sintel about the need to help others.
The question is what do you know about helping others with money or the products that money can buy?
I am posting this to initiate discussion on the subject of helping others!
If you have ever thought you would like to help others, please read this article!
I posted this over at PTR a few months ago.... it was well received and appreciated by many. My hope is it helps some people here as well... Blessings YSK
Have you all heard the story of the Goose who laid the Golden Egg? It's an important story. For those who don't know this tale here is a short version:
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_Once upon a time there was a farmer who worked very hard for his living. A goose came into his possession and this goose laid a golden egg every single day!
The farmer was overcome with joy, and counted his blessings. After a few days the farmer became impatient - after all - it was only one golden egg a day!
He said to his wife "If this goose lays a golden egg every day imagine what is inside the goose! He must be fully lined with gold! We should kill him, and get all the gold now, rather than waiting."
His wife agreed and the farmer killed the goose. Much to his dismay he found the goose had no gold inside, and the farmer had killed his 'golden' goose.
Your RV monies are your "Golden goose" - I use this story to illustrate how important it is for us to keep our golden goose alive....
If you wish to help others in a large way, or buy expensive toys, be aware - you are killing your golden goose. What do I mean?
Well, if you gave a family member $200,000 for a home - you are killing your golden goose. If you buy an expensive vehicle - you are killing your golden goose. If you give away gifts of $10,000 or $20,000 to help others get out of debt - you are killing your golden goose.
(And they will get back in debt because that is their mode of operation, it's their mind set, they don't know any better) Every time you dispose of a large amount of cash that is not bringing you back income - you are killing your golden goose. I have some tips and an example to help keep your goose alive while still helping those you love in ways you see fit.
Most (if not all) of us will have more money than we've ever had in our lives after the RV. Agreed? And it is not likely we could work and save this amount in 20+ years, agreed?
And we all want to help others, share our wealth and enjoy our lives, agreed? We also want to give to our favorite charities, agreed? So remember the farmer...
Your RV monies are your Golden Goose. An example: Let's say you plan to help a loved one buy a house rather than just "give" them the money, buy the house yourself, in your name.
Or put the title in your name and theirs, own it half and half. Set legal documents, carry the mortgage for half the amount of the house and let them pay you for their half - set monthly payments and interest (if you believe in interest).
And - when the house is sold - you take half the equity plus whatever they still owe you on the mortgage. So - what have you accomplished?
1) a monthly income for yourself
2) you have helped your loved one live in a house that may be twice as nice as they could have afforded
3) no one can take money out of the house through a mortgage - you own half (remember there are emotional leeches who could 'get to' your loved one for money! They especially go after young people, our daughters and sons... )
4) you know they will look after the property, they own half
5) if they default the house becomes yours (put it in paper) and,
6) most importantly - you've helped a loved one buy a house and NOT killed your golden goose.
Do the math... if the house was $200K - you are getting $100K back through the mortgage and you will get your other $100K (or more if it goes up) when the house is sold. And you've helped someone as planned, with your goose intact and giving you a golden egg monthly AND your money protected.
That's just an example... there are many creative ways to help others. This is not about conditional help, or control - it's about helping others without hurting yourself...
If you make good investments you will have monthly/quarterly income. Take time, do not rush to give away money (except your tithe/charity) and educate yourself on financial matters.
Your job should be to keep your goose alive. Every time you spend a large amount - ask yourself - "Am I killing my golden goose?" Remember that the golden eggs (monthly incomes) allow you to live well, help people, give to charity in an ongoing flow - all without killing the goose that laid the golden eggs!
Take your time.... there is no rush.
BE CAREFUL - buy 'real' wealth - real estate (rental incomes) beat a fluctuating stock market or mutual funds imho. Find professionals to help you with a purchase, and what to look for - take courses...
I personally don't believe in 'interest' (either collecting it or paying it) so 'rental income' is 'blessed income' as it's not 'usury', so it works for me... do what works for YOU!
Pay off your debts, pay off your house, buy a few things... but if the bulk of the 'golden goose' is properly looked after - it can provide you income for your lifetime and for generations to come...
Remember - we all know what it feels like to be broke.. chose to never have that feeling again.
We all know what it feels like to have regrets about money decisions - chose to never have that feeling again.
Please don't forget to buy some silver and gold (physical stuff) - it won't pay you an income but it could go up in value, or hold value.
Trust me - or do some research - precious metals are a great place to store your money (rather than currency) especially in these most uncertain times. Silver and Gold is God's money.
Lastly, be sure to keep food, water, supplies in your possession. In case of disaster, civil unrest or any emergency it is best to always be prepared - we can't eat gold or silver - lol
I wish you the best for your life, blessings, YSK