MONEY IS THE FRUIT OF LOVE! NOT THE ROOT OF EVIL! THE QUESTION IS …WHAT KIND OF LOVER ARE YOU???

By Khenis Osarian

Metaphysically Speaking, Money Is Ruled By The Planetary Energy Of Venus (Het-Heru)! Which Also Happens To Be The Planet That Rules L-O-V-E! You See, I Want My Ppl To Know That There Iza Direct Connection Btwn LOVE & MONEY!!! That Is Why The Advice Of Every Wealthy Person Is “Do What You Love & The Money Will Follow!”

Money Is Only An Extension Of The Spirit! Your Electrical Love Current Within! Thus The Term CURRENCY! This Love Current Seeks To Express Itself In Your Life In The Form Of Abundance! Money Is But ONE Of Its Manifestations! And One Of Its Crudest Forms I Might Add! Yet If Our Daily Thoughts-Fire, Words-Air, Feelings-Water & Actions-Earth Are Not Aligned With That Inner Spiritual Love Current, The Energy Is Blocked & Cannot Flow Freely Into Our Lives!

Part Of The Problem Is Wrapped Up In Our Ability To Recognize The Spirit When We See Or Hear It!

I Do Quite A Bit Of Relationship Counseling In My Line Of Work! And When A Brother Comes To Me Asking Why He Just Cant Seem To Find A Woman, One Of The First Things I Ask Is “Do You Like Women?” Don’t Laugh! Although I Usually Get The Gasface When I Ask That Question, It Strikes Right At The Heart Of The Matter!

Yood Be Surprized How Many Of Us Are Seeking To Enter Into Relationships With Ppl We Don’t Even Like! Let Alone Love! But They Fill A Particular Ego Need Or A Sexual Urge We May Have, So We Pursue Them Anyway! Women Who Harbor Deep Seeded Resentments Towards Men, Yet Dred The Feelings Of Emptiness & Loneliness That Accompanies Such An Outlook On Life! Ask Em “Do You Like Men?” Gasface! lol

This Is Actually Love In Reverse! It Always Ends In A Crash! Yet This Is The Way Most Of Us Pursue Money! We’re Like Bad, Weak Hearted Lovers With Onetrack Minds!

In Order For Us To Increase The Money Energy In Our Lives, We Are Just Going To Have To Commit To Being Better LOVERS! That’s Right You Heard Me! And I D-D Didn’t Stutter Neither! Siriusly Tho, If You Are Trying To Attract More Money Into Your Life You Should Ask Youself These 3 Quick Questions:

1) What Kind Of Lover Am I?
2) Do I REALLY Value Money Or Just What It Can Do For Me?
3) How Can I Become A Better Lover?

Lemme Tell Ya! If You Can Sincerely Ask Youself Those 3 Questions With An Open Mind & An Open Heart, The Floodgates Will Begin To Fly Open! We Have To Get Ourselves To The Point To Where We Are Making Love All The Time! Even In Our Sleep! And Making Love Is Making Money! But We Have To Expand Our Definition Of Money Or We Won’t Recognize Her When She Shows Up In Our Lives!

See, Telling The Universe You Want Money Is Like Walking Up To A Woman And Asking Her To Drop Her Panties! Yeah You Might Get A Laugh For Being So Direct! But You’re MORE Likely 2 Get Slapped 4 Disrespecting Her! And You Had It Comin! lol

No! You MUST Be Ready, Willing & Able To Embrace ALLLLLL Of The Woman You Are After! Not Just A Part Of Her! You Must Be Able To Find Joy In EVERY Aspect Of Her Being! Her Spirit, Her Voice, Her Scent, Her Company, Her Conversation, Her Walk, Her Laugh, Her Hair, Her Nose, Her Hands & Feet, The Dip In The Small Of Her Back, Her Lips, Toes & Elbows! Scars Stretch Marks & ALLL! You Hear WTF Im Sayin???

Money Is Often The LAST Way That Wealth Shows Up In Our Lives! Like The Royal And Ravishing Woman That She Is, She’ll Often Send Her Representatives B4 She Makes An Entrance Herself! And According To How You Handle Her Representatives, That Will Determine The Degree, Duration & The Nature Of The Relationship! And Her Representatives Are As Follows:

R-esources
I-nformation
C-ontacts &
H-elp/H-ealth

First You Get R-I-C-H, Then You Get The Money! The Spirit Will Send You One Or More Of The Above B4 The Money Shows Up! But Since Most Of Us R The Quick Fix, Hit It & Quit It Types, We Dont Even Recognize When The Spirit Is Tryna Bless Us! This Is Why Doing Things Simply 4 The Money Just Doesnt Work! She Knows You’re Just Tryna Git In Her Drawlz & Aint Evn Interrested In Her Conversation! Feel Me?

Your HEART Must Be Invested In The Work Your Hands Are Involved In, Or Your Frequency Remains Low, Weak & Distorted! When You’re Sitting With A Woman Who’s Company You Enjoy So Much That Sex (Money) Doesn’t Even Matter, That’s The One For You!

And When You’re Hands Are Involved In Work Projects That You Injoy So Much, The Time & Money Doesn’t Even Matter To You, That’s The WORK For You! And It Would Only Be A Matter Of Time B4 The LOVE/MONEY Comes Rushing In! And Her Warm & Passionate Embrace Will Surround You From All Sides! Remember Your Brother Brought You The REAL!!!

HOTEP FAMILY!!!  ♥ ♥ ♥ ~~KHENIS

If I were to ask 10 people to recite the English ABC’s, I bet 9 out of 10 will start smiling and SING them.  That’s how we learned them and that’s how we recite them.  Not to mention there’s something about saying your ABC’s that takes you back to a happy moment in your childhood.  I think that’s where the smiling comes in to play.  Now if I were to ask those same 10 people to tell me their purpose of Being, I would see solemn (if not blank) looks on their faces.  We have become so busy and so serious that we have forgotten what it’s like to just BE.

Today I’d like to go over the ABC’s with you.  No not from A alllll the way to Z.  Just the first 3 letters.  And to add a little spice to it, we’ll take the letters backwards.  Let’s talk about the CBA’s  and how you can use them to remember and fulfill your purpose.  I say remember because we all come here knowing, we just tend to forget.  So here goes:

C – is for Clarity.  In order to walk in your purpose and live your dreams, you must first become ABSOLUTELY CLEAR about what they are.  Too often we use general terms.  When asked, ‘how much money would you like to earn?’.  We answer….’a lot’.  Well, what’s a lot?  A lot is relative.  When asked, ‘what type of job/opportunity are you looking for?’  We answer….’just something to pay the bills’.  Or the most common answer……I Don’t Know.  And you wonder why you aren’t living your dream life.  Ummmmm, could it be because you aren’t clear as to what your dream life looks like?  Next step….

B – is for Belief.  Once you have become clear on what you want for your life, the next step is to BELIEVE that is it possible.  Most of us will snatch our dreams from fertile soil before it even has a chance to grow a root.  We’ll say we want a thing and in the same sentence say……’maybe for someone else, just not for me or now’s not the time’.  We’ll see the dress in the boutique’s window and come up with every reason why we can’t have it.  It’s too expensive, it’s not the right color, it’s not the right size.  We’ll do all of that standing OUTSIDE the window and never even go inside to find out ……the cost, if there are other colors and sizes.  So, the next time you see that proverbial dress, BELIEVE it is yours and SEE yourself rockin’ the hell out of it.  You might be quite surprised at how fast things show up if you just believe.   Next step…

A – is for Action.  Although all 3 alphabets (steps) are important, this is where the shit hits the fan.  It’s not enough to become clear and to believe.  You have to take it allllll the way through.  You must take ACTION.  Intending to do a thing is not enough.  As the saying goes…..the road to hell is paved with good intentions.  Once you have become clear, and you believe (and see) it for yourself, you now have to go out and make it happen.  You have to be willing to do what others aren’t.  We all have had at least one million dollar idea; however, without action, there is no value.  You know that scripture…..’Faith without works in dead’ ~ Mark 16:16.  You have to get clear about what you want, believe in yourself and your abilities and take action.

Now you’ve sang your CBA’s, tell me are you gonna change your ways.  Sorry, couldn’t help myself….lol

In love,

J’licious

© Copyright 2010/12/09  Jacque Keil All Rights Reserved

About 6 years ago, I started my consulting business.  The first few years were rough, really rough.  There were times when I wasn’t sure if I would have enough money to meet my financial obligations.  I started to wonder if I made the best decision for me and my family to quit a job and risk being on my own.  After a few months of worry, I realized that my limiting beliefs about myself and my abilities were only gonna keep me in the same place.  I realized that in order to change my situation, I had to change my thoughts.  And just when I thought the bottom was gonna fall out, I experienced my first entrepreneurial break through.  My clients started referring me to friends and colleagues.  I was receiving a new referral every month.  And before long, I was seeking employees.

By my 3rd year in business, I was earning six figures.  Not bad for a single mother, working from her home, huh?  Yeah, that’s what I thought too.  However, for some ‘strange’ reason, I was still not yet financially secure.  I was earning the money and spending it all at the same time.  I continued on this roller coaster of earning and spending for another couple of years.  I continued to allow my expenses to meet (and sometimes exceed) my income.  I would ‘find’ all kinds of things that I ‘needed’.  I ‘found’ all kinds of reasons to spend.  I refused to look at my finances until my largest account went bankrupt.  Within a matter of months my income was cut in half.  It wasn’t until then did I experience my financial breakthrough.

It has taken me time to rebuild.  As a matter of fact, I’m STILL rebuilding.  One of the most invaluable tools I used was a book entitled….The Richest Man in Babylon.  Although this book was written in the 1920′s, its timeless wisdom still holds true today.  I learned and applied the Seven Cures for a Lean Purse.

The First Cure – Start thy purse to fattening.  10% of all that you earn is yours to keep.  ‘For every ten coins thou placest within thy purse take out for use but nine.  Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to your soul.”

The Second Cure – Control thy expenditures.  “Confuse NOT the necessary expenses with thy desires.  All men are burdened with more desires than they can gratify.”

The Third Cure - Make thy gold multiply.  “Put each coin to laboring that it may reproduce its kind even as the flocks of the field and help bring thee income, a STREAM OF WEALTH that shall flow constantly into thy purse.”

The Fourth Cure – Guard thy treasure from loss.  “Before thou loan your treasure to any man assure thyself of his ability to repay and his reputation for doing so.  Invest only where thy principal is safe.  Consult with wise men.  Secure the advice of those EXPERIENCED in the PROFITABLE handling of gold.

The Fifth Cure – Make of thy dwelling a profitable investment.  “No man’s family can FULLY enjoy life unless they do have a plot of ground wherein children can play in the clean earth and where the wife may raise not only blossoms, but good rich herbs to feed her family. To a man’s heart it brings gladness to eat the figs from his own trees and the grapes from his own vines.  To own his own domicile and to have it a place he is proud to care for.  Therefore, do I recommend that every man own the roof that sheltereth him and his.

The Sixth Cure - Insure a future income.  “It behooves a man to make preparations for a suitable income in the days to come, when he is no longer young, and to make preparations for his family should he be no longer with them to comfort and support them.”

The Seventh Cure – Increase thy ability to earn.  “Preceding accomplishment must be desire. Thy desires must be strong and definite.  General desires are but weak longings. Cultivate thy own powers, to study and become wiser, to become more skillful, to so act as to respect thyself.

These are the Seven Cures For A Lean Purse.  Abundance surrounds you.  There is more gold than you could ever dream of.  Practice these Seven Cures and watch the illness of debt, lack and scarcity fade away.

Here’s to Building Wealth and Living More Abundantly.

J’licious

© Copyright 2010/12/03  Jacque Keil All Rights Reserved

One of the many services that I offer my coaching clients is a personal session with me once a month.  During these sessions, we recap last month’s meeting and plan of action.   I find out how much action they put into that plan and we develop the next plan of action.  Although each of my clients are different, there is one consistency.  When a client begins his/her sentences with…’I only’, I know they did not complete their assigned tasks.  And if they did not complete their assigned tasks, I know they have not made much progress.  I’ve labeled this the ‘Only-ness Syndrome’.

The Only-ness Syndrome is produced from a lack mentality. 

Recently, I read the book Spiritual Economics: The Principles and Process of True Prosperity.  The author, Eric Butterfield reminded me of the story of Elisha and the widow.  Now, I’m no Bible Thumper; however, this story has such a powerful message that I had to share it with my clients.  (If you are not familiar with the story, you will find it in KJV, II Kings 4th chapter.)  The widow’s husband died leaving her responsible for his debts.  Creditors came asking for payment of the debt.  When she explained that she did not have money to repay the debt, the creditors wanted to take her sons as payment.  So, she went to Elisha requesting that he help her to pay the debt in order to spare her sons.  Elisha asked her, ‘what do you have in your house?’.  And because she was stricken with the ‘Only-ness Syndrome’, she answered, ‘I only have a pot of oil’.  Elisha, on the other hand, knew there was abundance all around.  He instructed her to gather all the vessels she owned and to go out and borrow vessels from neighbors and friends.  And because he knew the power of abundance, he made sure to tell her….don’t just borrow a few.  She did as she was instructed and watched every vessel fill with oil.  Once every vessel was filled, she went back to Elisha.  He then instructed her to go out, sell the oil and pay her debt.  See, as long as you have an empty vessel, an understanding that there is only abundance, your life will be filled.

When living in the Only-ness  Syndrome, you do not leave room for abundance. Although abundance is all around you, you do not tap into the source.  Instead you can ‘only have’ because you ‘only see’.  It is your Divine Birthright to live in abundance.  Claim your entitlement and watch amazing things unfold.  You are created in abundance, formed of abundance and ceaselessly supported in abundance.  Let go of the ‘Only-ness Syndrome’.  Live your life in fullness.

J-licious

© Copyright 2010/10/11  Jacque Keil All Rights Reserved

I’m sure that you’ve heard the saying ‘ Guilty By Association’.  Well you might be surprised at how many other things are ‘by association’ as well.  Things such as being broke, sick and tired.  Ever notice how celebrities hang out with and marry other celebrities?  That’s because they understand how important their associations are to their own lives.  And we all know what happens when celebrities try to hang out with their ‘old friends’.  Case in point….Michael Vick.  I heard him say during an interview that he was attempting to remain friends with people from his old neighborhood.  Now there’s absolutely nothing wrong with that.  The error was in his judgment as he failed to see that his old friends still had their same old mentality.  Although Vick’s financial situation had changed, his mentality hadn’t.   And it was that mentality that allowed him to continue his association with his old friends.  Now this is not to say that he is not responsible for his actions.  This is just an example of how our associates play a vital role in our lives.

Take inventory of your life.  Choose 5 of your closest friends.  What do their lives look like?  Are they happy?  Are they financially stable?  Are they healthy?  Do they engage in healthy relationships?  If not, then I can almost guarantee that you aren’t happy in YOUR life.  You see, more of the same thing, breeds more of the same thing.  Generally, the group does not rise to one person.  That one person usually falls to the level of the group.  Once again becoming broke, sick and tired by association.

Leaving the ‘Association’ takes courage.  You will have to be willing to risk standing alone.  You will have to be willing to risk being labeled an outsider and maybe even a traitor.  But trust me, it’s well worth the risk.  You will find that there are other ‘Associations’.  Associations that promote positivity, joy, health, wealth and vibrancy.  Now wouldn’t you much rather be associated with this group?  If so, you will have to be willing to let  go of your current associations.

Please watch this short video with Jeffrey Combs and Jerry Clark.  I think you will find it quite enlightening.

Creating Better Associations,

J-licious

© Copyright 2010/10/04  Jacque Keil All Rights Reserved

You’ve probably heard that saying that good (or bad) things come in 3′s.  Recently I’ve had 3 experiences that caused me to question and re-question my beliefs regarding money and spirituality.  Is it possible to be spiritual AND have money?  Or does being spiritual mean sacrifice and living miserly?

My first experience of the 3 came through a conversation with a new found friend.  Because I am learning to speak of the positive and not the negative, we were discussing areas in our lives that showed improvement.  Not areas that NEEDED improvement.  One of those areas for me was my finances.  When I inspected my financial history, I realized that I was earning more money and was much happier being self-employed than when I was working on a traditional corporate job.  The other area in my life that showed significant improvement was in the area of spirituality.  This caused me to wonder if there may have been a connection.  Did my finances improve because my connection with Source improved?  I tend to think it did.

My second experience of the 3 came to me in general thought.  I wondered why is it that the majority of ‘church-going’ people struggle in their relationships, their finances, and in their businesses?  Does God WANT His people to struggle?  And why do people talk down on ministers such as T.D. Jakes or Creflo Dollar saying that they are ‘money-hungry’ devils?  Isn’t God a prosperous God?  Aren’t His gifts abundant?  Or do I have it all backwards and we (God’s children) are suppose to suffer and live sub-par lives?

Finally my 3rd experience came when I happened upon Mary Mary’s video, God In Me.  I fell in love with the song when I first heard it.  And the more I listened, the more I liked it.  So, I looked for the lyrics online today.  What I found were people who said they were sickened by the message of the song.  I was like WHAT.  Are you kidding me?  You’re upset because someone is singing about their gifts and giving God the praise for them?  Wow!

Then it hit me.  Most people DO think that money, cars, homes, clothes, and even bling is a sin.  Well, not me.  

Light, Love and Liciousness,

J-licious

© Copyright 2010/04/27  Jacque Keil All Rights Reserved

Last night I read a really disturbing article entitled, Is the Average Single Black Woman Really Worth Just $5?.  Just the title was enough to cause my eyes to pop wide open and my mouth to drop.  Imagine what it did to my stomach and ultimately my spirit.  Needless to say, I didn’t sleep very well last night.  So, I wake this morning and included that article in my meditation.

The first thing that caught my attention were the words black, woman, worth and $5?  Then as I strung the words along to form the question, I was appalled.  I thought to myself, how DARE they put a ‘worth’ on a black woman..any woman for that matter.  My first inclination was to move on to the next article; however, the article kept calling for my attention.  So there I was reading, fuming and then understanding.  Understanding that if we (women of color) do not know our worth, neither will anyone else.  And if we do not pull ourselves from under the burden of debt, neither will anyone else.

The article was referencing the difference in money earned in the workforce.  However, I was caused to research a bit more.  What I found will most likely not be surprising to read.  According to a new study by ING, as much as 68 percent of Black women say they buy what they want in a good or bad economy.  They said they shop to cheer themselves up and that they see themselves as trendsetters.  The majority of those items are purchased with credit cards.  More than half of the Black women surveyed say they’ve lent $500 or more to a friend or to family in the last year; one-third say they’ve loaned as much as $1,000.  I do understand that as black women, we have a strong sense of obligation to our family and community; however, this sense of obligation adversely effects out financial stability.  I call this a financial perfect storm.

Many of us were not taught good financial habits.  The African-American community spends more than any other ethnic group.  For many Blacks, budgeting is either not a high priority or is not done correctly.  We have been taught to consume, not to save.  A few years ago, I read a book, Girl, Get Your Money Straight: A Sister’s Guide to Healing Your Bank Account and Funding Your Dreams in 7 Simple Steps by Glinda Bridgforth.  The tips in that book made me take a look at myself AND my spending.  I found that I was spending wayyyyy to much on dining out and entertainment (my way of cheering myself up).  I realized that if I continued to spend so carelessly, I would find myself caught up in that ‘financial perfect storm’.

Light, love, and financial freedom,

J-licious

© Copyright 2010/04/07  Jacque Keil All Rights Reserved

Are you one of those people who make New Year’s Resolutions?   If so, do you stick with them until they are resolved?  New Year’s Resolutions are the most readily made and often the most easily broken promises.   Allow me to share  some statistics with you.  About 40-45% of Americans make New Year’s resolutions every single year.

The following shows how many of these resolutions are maintained as time goes on:
- past the first week: 75%
- past 2 weeks: 71%
- after one month: 64%
- after 6 months: 46%

This means less than 20% of people who make New Year’s Resolutions actually see them through to the end.  Success is not achieved by accident, it begins with a well-conceived plan. You can and will achieve more in the next year than you have in the past ten with a disciplined plan of action. If you are not willing to do EVERYTHING on your list, then you should just put the pen down and throw away the paper right now.

Steps that can help you with achieving your New Year’s Resolution(s):

• You need to deeply desire the goal or resolution. Napoleon Hill, in his landmark book,  Think and Grow Rich, said it best. “The starting point of all achievement is desire. Keep this constantly in mind. Weak desires bring weak results, just as a small amount of fire makes a small amount of heat.”   So in order to achieve any goal, you must want it enough to remain committed.  You must know your why’s and your why’s must deeply embedded in your soul’s core.
• Visualize yourself achieving the goal. Lee Iacocca said, “The greatest discovery of my generation is that human beings can alter their lives by altering their attitudes of mind.”   And I know you heard the saying, ‘Fake it until you make it’.  You must BECOME a different person in order to achieve your goal.  You must be willing to let go of old, negative beliefs and incorporate new, positive ones.
• Make a plan for the path you need to follow to accomplish the goal. Create action steps to follow. Identify a critical path. The critical path defines the key accomplish-ments along the way, the most important steps that must happen for the goal to become a reality. Stephen Covey said, “All things are created twice. There’s a mental or first creation, and a physical or second creation of all things. You have to make sure that the blueprint, the first creation, is really what you want, that you’ve thought everything through. Then you put it into bricks and mortar. Each day you go to the construction shed and pull out the blueprint to get marching orders for the day. You begin with the end in mind.”
• Commit to achieving the goal by writing down the goal. Lee Iacocca said, “The discipline of writing something down is the first step toward making it happen.” I agree completely. Write down the plan, the action steps and the critical path. Somehow, writing down the goal, the plan and a timeline sets events in motion that may not have happened otherwise.
• Establish times for checking your progress in your calendar system, whatever it is: a day planner, a PDA, a PDA phone or a hand written list. If you’re not making progress or feel stymied, don’t let your optimism keep you from accomplishing your goals. No matter how positively you are thinking, you need to assess your lack of progress. Adopt a pessimist’s viewpoint; something will and probably is, going to go wrong. Take a look at all of the factors that are keeping you from accomplishing your goal and develop a plan to overcome them. Add these plan steps to your calendar system as part of your goal achievement plan.
• Review your overall progress regularly. Make sure you are making progress. If you are not making progress, hire a coach, tap into the support of loved ones, analyze why the goal is not being met. Don’t allow the goal to just fade away. Figure out what you need to do to accomplish it. Check the prior five steps starting with an assessment of how deeply you actually want to achieve the goal.

To get started on the right track, pick up your free Success Principles report here.

To Your Success This Year and Every Year Afterwards,

J-licious

© Copyright 2009/12/30  Jacque Keil All Rights Reserved

Most of us are aware that negative items on a credit report is detrimental to having good/great credit ratings.  Negative items can be disputed with the three major credit bureaus. Most often, this  can lead to a significant improvement in credit score through deletion of the negative items that were lowering the score. To achieve excellent credit, however, it’s not enough to just remove negative entries.  You need to demonstrate a record of on-time payments in order to raise your credit score.  Why? Because a lack of positive payment history is also an obstacle to having good credit.

I wanted to share this article written by Charles J. Phelan. In the article , he describes two simple techniques for rapidly ADDING good credit entries to your file. If you would like a free download please visit him here.

THE CO-SIGNER TECHNIQUE

All that is necessary to add years of excellent credit history is the love and trust of a friend or family member who has good credit.

Credit card companies are always willing to have their best customers add extra cards for family members. By adding your name to one or more of their accounts, they will actually cause a new credit card to be issued in your name. The “catch” is that they will be the co-signer on the account, meaning that they are responsible if you miss payments.

Of course, you never want to risk the credit rating of a friend or family member, so simply have them use their own address on the application for the extra card. That way, the card will be mailed to them, and even though it has your name on it, the card will remain in their possession. They can even cut it up if they want to.

The simple beauty of this approach is that the new card will show up on your credit report, and normally it will show the opening date of the original card (not just the application date for the extra card), as well as the entire credit history of that card! It’s like getting years of good credit added to your file with the stroke of a pen.

THE PASSBOOK SAVINGS LOAN TECHNIQUE

The “Passbook Savings Loan Technique” is a great way to add positive payment history to your credit file. It will also give you an excellent credit reference to use for most types of financial applications. This technique does require some cash — at least $500 to $1,000. However, this amount will be held in a savings account as loan collateral, and the total out-of-pocket cost to complete this technique should be well under $50.

Here is the Passbook Savings Loan Technique in detail, so you can see exactly how everything works.

STEP 1 — Locate a Small Bank that Meets Your Requirements

I recommend that you work with smaller community banks and not the major chains. The smaller banks are more likely to have the exact type of account that you will need to open, and they are more likely to work with you and be flexible. Savings & Loan institutions and Credit Unions can also be used, provided they meet the requirements. The product you want is called the “Passbook Savings Account,” which is basically just a simple savings account. And the type of loan you will take out is a “Passbook Savings Loan.” This is the easiest type of loan to get because it is totally secured with your own cash. Most banks are only willing to loan you 85% of the amount you have on deposit, so there is always some reserve money in the account.

Your target bank will be suitable for this method if it meets the following three requirements:

A. The bank must have a Passbook Savings Account product with NO MONTHLY FEE on balances of $500 to $1,000.

B. You must be able to borrow up to 85% of your balance on a 12-month loan schedule. This is typically called a Passbook Savings Loan.

C. CRITICAL: The bank MUST report activity on this account to the three major credit bureaus (Experian, TransUnion, and Equifax).

If the bank product does not meet these requirements, then do NOT use that bank. There are thousands of small banking institutions throughout the country, so it should be fairly easy for you to find one in your local area.

STEP 2 — Open a Passbook Savings Account

Go to the bank you’ve chosen and open a Passbook Savings Account for $1,000 (or less depending on what you have to work with). Take your Passbook home and wait a week or so (because you don’t want it to look like you opened the account only for the purpose of taking the loan).

STEP 3 — Obtain a Passbook Savings Loan

Return to the bank and ask to see a loan officer. Look your best, be courteous, and explain that you wish to take out a Passbook Savings Loan for $850 (or 85% of whatever amount you’ve actually deposited).

When you take out your loan your savings account is frozen. However, every time you make a payment you unfreeze an amount equal to your payment, less a few dollars for interest. Be sure to ask that the loan be for at least one year, with minimum monthly payments. Do not get a simple one-year loan with no payments. This will not benefit you at all, because you are trying to establish a history of payments.

You will not be turned down for this type of loan no matter what your previous credit history and in most cases it will not even be checked. If you do have bad credit though, make sure you tell your loan officer before he or she pulls your credit history. Tell the bank representative you are trying to re-establish your credit, and that a good credit rating is very important to you now.

STEP 4 — Make Your Payments

Assuming an interest rate cost of 6%, your monthly payments on the $850 loan will be $73.16. (Remember, this is a secured loan, so the interest rate should be fairly low.) Since you have “borrowed” $850 in cash, you will use that money to keep the payments going on the loan. Be sure to make your payments well before the due dates. Always pay EARLY, in order to be on the safe side in establishing good payment history.

STEP 5 — Pay Off the Loan Early

After six months, pay off the loan early. At this point, you will have approximately $980 remaining from your original $1,000 deposit, part of it as cash on-hand, and some remaining in the savings account. You will have paid a whopping $20.31 in interest (assuming the rate was 6% for the secured loan). I’m sure you will agree that $20 is a small price to pay for adding six months’ worth of good payment history to your credit report!

STEP 6 — Make Sure the Loan Shows on Your Credit Report

After you have paid off the loan, obtain fresh copies of your credit reports to verify that the loan payment history is showing correctly. Since you selected a bank that reports regularly to the big three credit bureaus, everything should show up correctly. But mistakes do happen. If the loan is not reported correctly, then ask the bank directly to fix the omission, or ask the credit bureaus in writing to add the credit reference to your report.

The Passbook Savings Loan Technique is a simplified version of the more complicated “Three Bank Technique.” Basically, the concept is to use the secured loan proceeds from one bank to open up another account at a second bank, and then to repeat the process for a third bank. The math is a lot more complicated, but the principle is the same, with the added benefit of having three simultaneous loans adding positive payment history to your credit report. This approach costs a little more in interest expenses, and involves a lot more work, but can really turbo-charge your positive credit history.

To Our Financial Freedom in 2010 and beyond,

J-licious

© Copyright 2009/12/28  Jacque Keil All Rights Reserved

A friend of mine mentioned the word Legacy to me today. For some reason the work stuck with me all day. I couldn’t get it out of my head. It’s something empowering about that 6 letter word. So I thought I would do some ‘research’. Before I begin, I would like to share with you how Webster defines the word ‘legacy’. Webster states that a legacy is a gift by will, especially of money or other personal property. Now what this means to me is that someone loved their family enough to pave a way for their FUTURE success(es). The person who leaves a legacy realizes that tomorrow is set by today’s intentions AND actions. The person who leaves a legacy understands that it’s not ok to have ‘just enough’. There needs to be room for excess.

In my ‘research’, I was lead to re-read a book entitled The Top 10 Distinctions Between Millionaires and the Middle Class written by Keith Cameron Smith. It’s a simple, short (112 pages) yet profound book about wealth and wealth creation. And if one would learn, adopt and use these 10 Distinctions they could easily leave a legacy.

The 10 Distinctions are:

1. Millionaires ask themselves empowering questions. The Middle Class ask themselves dis-empowering
questions.

2. Millionaires focus on increasing their net worth. The Middle Class focuses on increasing its paychecks.

3. Millionaires have multiple sources of income. The Middle Class has only one or two.

4. Millionaires believe they must be generous. The Middle Class believes it can’t afford to give.

5. Millionaires work for profit. The Middle Class work for wages.

6. Millionaires continually learn and grow. The Middle Class thinks learning ended with school (high
school)

7. Millionaires take calculated risks. The Middle Class is afraid to take risks.

8. Millionaires embrace change. The Middle Class is threatened by change.

9. Millionaires talk about ideas. The Middle Class talks about things and other people.

10. Millionaires think long term. The Middle Class thinks short term.

From these 10 Distinctions, you can clearly see that the difference between millionaires and the middle class is their mindset. Millionaires don’t waste time playing the role of a victim. They see themselves as Victors. Millionaires use money to create more money. Whereas the Middle Class use money to buy ‘stuff’. Millionaires see themselves as Legacy Leavers and the Middle Class see themselves in their ‘stuff’.

Think about people in history who everyone would consider wealthy, and you can begin to see what I mean. The Rockefellers, Carnegies, and Campbells are all wealthy families. Their wealth has lasted multiple generations. They left legacies. Why is this? What makes them so different from rest of the world? The difference is very simple. It’s knowledge. Wealthy people know how to create money. The Middle Class know how to get rid of money. Once you know how to create money, you can build sustainable wealth. The money never stops coming. If you have a reversal of fortune, it’s not a big deal. You just create more of it.

Perfect example is Donald Trump. Several years ago, Donald Trump was deeply in debt. But, oddly enough, he didn’t change his spending habits and he didn’t go away. Why not? Because Donald Trump understands how to create money. He understands the difference between ‘good’ debt and ‘bad’ debt. He has a wealth mentality. He is a ‘Legacy Leaver’.

I’ll leave you with a verse from King James Version Proverbs 13:22…”A good man leaveth an inheritance to his children’s children….”

Leaving a Legacy,
J-licious

© Copyright 2009/12/11  Jacque Keil All Rights Reserved