A Question About Saving Money

[renie408]

I asked this in a thread on another forum, but decided it might be good to ask here and get some opinions.

Since I have been working with I/M for the past two months, our income has increased significantly. I know it is the I/M and I want to keep the flow of money coming in. Up until recently, we were just getting caught up. But starting this week, we will begin having extra income every week. Everything I/M that I have read says that if you save for a rainy day, it's gonna rain. But my personal experience has left me nearly desperate for some kind of nice financial cushion. How can I think about savings in a way that does not have a negative connotation? I was thinking that maybe instead of thinking it as 'saving', I could think of it as 'investing'; stick it in a money market fund and consider it a source of passive income. How does that sound?


(Plus, with yesterday's market correction, soon it might be a good time to get into that kind of thing as values will begin to rise again)

[Acting Like Godot]

Think of "compound interest". A very abundant approach to money.

[dorothy hanna]

Rainy days are not a bad thing. It eventually got a bad connotation by thinking that God was crying, or sad, about the bad state of the world.

But, in reality, the rain comes, and wters the seeds, we've planted in the earth, and the rain brings the crop in abundance from those seeds, in the future. So, plant your seeds, in anticipation of the rainy days coming, as what you've planted will be nourished, and grow for your future, and you will have an abundant harvest.

Planting your crop/seeds is part of the process, for creating good things in the future. The rain is a good part of this process. A very neccesary part.
Without water, no crop will grow, no future prosperity will be seen in the future. It's called a drought.

[dorothy hanna]

April showers, bring may flowers.

[Dharma]

Originally Posted by renie408

Everything I/M that I have read says that if you save for a rainy day, it's gonna rain. But my personal experience has left me nearly desperate for some kind of nice financial cushion. How can I think about savings in a way that does not have a negative connotation? I was thinking that maybe instead of thinking it as 'saving', I could think of it as 'investing'; stick it in a money market fund and consider it a source of passive income. How does that sound?

Financial cushion (and i have one) is to keep me away from feeling the fear I have around my lack. I feel if the cushion was there I wouldn't have to worry about being caught without money. But with the cushion there and I still worry about lack of money. Try it, you'll see.

What's the intent of the money market fund? Sock away some money just in case but keep it somewhat liquid? If you really invested it you wouldn't be able to touch it so easily. And you'd have to deal with the fear of lack.

Staying in the moment: you're creating money now and that is your choice, your creation. You will stop creating money when you no longer choose to create it. Are you worried about something coming in from the outside and stopping your money flow? (this is all good stuff for me too, i got the same issues inside)

[Red Willow]

Why not save up for something your want? Instead of having that income ear-marked for a "rainy day," save it for a down-payment on something that will appreciate or generate more income. Maybe a down-payment on a home for you or an income property. Or put it in an IRA so you can manifest a solvent retirement. Or a college account for children or future children. Or maybe just save up for something you've always just wanted to blow money on, like a year-long trip around the world or something.

[Pagoda]

Renie408,

that is an excellent question. I discussed the same situation on my site in an article called The Law of Attraction: Taking a Step Backward to Move Forward

In that article, I talk about my decision to buy life insurance after my first child was born. As you point out, most people feel that saving money for a rainy day (i.e. buying life insurance), will just bring a rainy day. I however disagree. You have to look at your thoughts, your emotions, and your actions as a whole to determine what the Law of Attraction will bring into your life.

Yes, buying life insurance focuses my thoughts on my death. But once I have purchased life insurance, my thoughts are now free to think of other things. My emotions are now in a much better state because any doubts and worries I had have now disappeared. Plus, I have the sense that I am being the type of husband and father that I want to be - a good provider.

The action of buying life insurance is in harmony with the type of person I want to be, when you look at the whole and not just where my thoughts are focused temporarily.

The same goes for saving money. Wealthy people save lots of money. Having a large bank account can improve your emotional state significantly. If you want to be a wealthy person than saving money is in harmony with that desire. The temporary moment that your thoughts are focused on saving does not cancel out all the good that raising your emotional state and taking actions that are in harmony with your desire have done.

[ÜberDan]

What a totally cool perspective, has put a smile on my face this morning. Thank you.

[bylto]

Everything I/M that I have read says that if you save for a rainy day, it's gonna rain

I save. Me and my woman have money directly taken out of our accounts every month into a separate account, its quite a high percentage of our earnings so we save, but NOT for a rainy day. Sounds like something my mum's generation would have said, a mindset that will certainly not attract riches

So save but save and think of it as your investment fund. I use my savings for investments, I don't see the point in leaving your money in the bank, it's not financially smart. Plus, I've never attracted a rainy day

[Pagoda]

One other point. When you have the money available, opportunities come to you. Like attracts Like.

You are creating an opportunity fund, not a rainy day fund. You are preparing yourself for an amazing opportunity to come into your life - an opportunity that will bring enormous wealth into your life. Most of those kinds of opportunities require you to be ready (both emotionally and financially) so you can act quickly.

[renie408]

Originally Posted by Pagoda

One other point. When you have the money available, opportunities come to you. Like attracts Like.

You are creating an opportunity fund, not a rainy day fund. You are preparing yourself for an amazing opportunity to come into your life - an opportunity that will bring enormous wealth into your life. Most of those kinds of opportunities require you to be ready (both emotionally and financially) so you can act quickly.

Oooooohhhh...I like this! THIS is the idea that I needed. This feels really right for me. Thanks!!




(PS. I didn't want anybody to think that I am anti-rain. I am a farmer! I LOVE rain!! Good rainfall totals mean I buy less hay over the summer and that hay prices over the winter will remain stable.)

[Elenny]

Bob Proctor's book "You were born rich" has an interesting take on saving money.

It basically says that money must be kept in circulation in order to grow or to attract more money. This can be accomplished a number of ways, but mainly investing or even placing the money in an interest-bearing savings account.

But according to Mr. Proctor, be careful not to stash the money under your matress for a "rainy day", because then it becomes as valuable as an old stack of newspapers.