[Re-] Creation in Motion Part 5 “The New Money Map”

Ok, it’s been awhile again, sorry, but here’s why…
I live my book, the holistic system I created, that is.

It isn’t dithering platitudes meant for momentary motivation that dissolve away…
Especially in the light of day and the harsh realities we now face.

I have 4 professional and 4 personal lifetime passions. I work on them “every” week.
Am I busy, yes, but I still have balance, mainly b/c I’ve created flexibility.

Plus I use every minute of every day as hyper-productively as I possibly can…
Including some rejuvenation time, preferably with my son, every day.

I rarely miss any of Stephen’s sporting events.
That’s part of my “Worthy Father” personal passion.

Why am I telling you this?
B/c the objective of these posts is to help you.

So I’m offering you real life applications and extensions of my holistic system, as I can.
Right now those applications have to be mine.  Soon I hope we can offer yours!


 

Please consider allowing me to share your story, as you progress on your right path.
You may help others who are suffering in ways you haven’t imagined.

So, what is the main focus of this post?

  1. The Old Money Map.
  2. The Translation of the Old Money Map, by the New Money Map.
  3. The New Money Map.

Since I published MLRC in November of 2011 I’ve learned a lot, some the hard way, as usual.
As I’ve done more speaker presentations the “New Money Map” has become the centerpiece.

It strikes home and generates lots of discussion.
It seems to be the most effective way to help; to give a tangible, actionable take away.

This post is the 5th in this series:

Part 1: http://www.sjhealey.com/uncategorized/recreation-motion

Part 2: http://www.sjhealey.com/uncategorized/making-happen-life

Part 3: http://www.sjhealey.com/uncategorized/recreation-motion-part-iii

Part 4: http://www.sjhealey.com/uncategorized/recreation-motion-part-4-semipassive-income

They all flow from one to the next and are meant to help, by example.
Suggest you read them if you’re seeking ideas to carve your own unique path.

Ok, now get ready to hold on tight, this is going to get rough, but remember:

To Create Light,
We Must Face the Darkness, Head On,
Then Light Our Own Fire!

Before we talk about the Money Maps we need to first ask what on earth happened!?
Dee Hock, the founder if Visa, says this:

“We are at that very point in time when a 400-year-old age is dying and another is struggling to be born -- a shifting of culture, science, society, and institutions enormously greater than the world has ever experienced.
Ahead, the possibility of the regeneration of individuality, liberty, community, and ethics such as the world has never known, and a harmony with nature, with one another, and with the divine intelligence such as the world has never dreamed.”

I don’t know about you, but that sounds great to me!
But what is Dee missing?

Hint: What did the early industrial age Robber Barons do to the workers?
The lesson for us; garner foresight, take action, adapt, thrive, refuse to be a victim.

Here’s how…

The Old Money Map

So, you tell me, what’s the “Old Money Map”, the Industrial Age paradigm?
We all know b/c it was pounded into our brains so deep it’s imbedded in our backbones.

Does this sound familiar?

  • Go to school. It’s well worth the cost.
  • Get a good job. We deserve it for following the rules.
  • Get a good job at a big company. They’re more secure.
  • Invest in the Market. It always trends up, over time.
  • Diversify our investments and invest for the long term. We’ll be fine.
  • Don’t work for a small company. They’re not secure.
  • Buy luxuries on credit, we deserve it. Our neighbors the Jones are.
  • Use our HELOC to remodel our kitchen. Hey, we earned the equity.
  • Don’t start our own business. That’s risky.
  • Same with real estate. That’s even more risky!
  • Then after 40 years of hard work we can retire.
  • Our defined benefit pension plan with be there.
  • Social security will always be there.
  • Medicare will certainly be there too.

RIGHT!?

Next, and this is where it gets rough, but please hang on, the sun will rise anew!
First, above all, remember the famous words of Oscar Wilde:

Hopefully you laughed.
If not, please remember, I have a family.

The Translation (in red) of the Old Money Map

by the New Money Map

  • Go to school. It’s well worth the cost.

–     Assume massive debt.

–     Obtain a degree where your forced to compete offshore, and can’t.

  • Get a good job. You deserve it for following the rules.

–     What job?

–     Any job would be good.

–     Oh no, live with my parents because I still can’t pay my way!

–     OMG, my (father or mother or both) lost their job(s)!

–     What, pay my student loan, you’ve got to be kidding!?

  • Get a good job at a big company. They’re more secure.

–     Really: Kodak, Xerox rings a bell with all of us….

–     Xerox coined the term “right shoring.” For whom?

–     Now Xerox even has Americans working, in the US, for an Indian owned company.

–     I wonder where their benefits are headed… Oh yea, right shored huh.

  • Invest in the Market. It always trends up, over time.

–     Really, what about when about when we’re in the midst of a global shift, from one age to another?

–     Wasn’t the market based on the industrial age? Isn’t the industrial age long dead? 

–     What about all the rampant corruption on Wall Street and in the banks, how can we ever depend on them for our future?

  • Diversify your investments and invest for the long term. You’ll be fine.

–     Really? Are mutual funds going to save me?

–     I’m working my butt off, taking care of kids and elders, how I can ever make the time to properly manage my “defined contribution”   investments?

–     Isn’t my financial planner playing by the Old Money Map? (no offense to my FPs)

  • Don’t work for a small company. They’re not secure.

–     What is?

–     Actually small entrepreneurial growth companies may create a “Renaissance in Rochester” and elsewhere.

–     They may be the better bet!

  • Buy luxuries on credit, you deserve it. Your neighbors the Jones are.

–     Obviously one of the cobblestones on the path to financial disaster.

  • Do not start your own business. That’s risky.

–     In the industrial age, yes, relative to a secure, lifetime job, but…

–     What isn’t risky now?

–     You can still start a side business, even as an employee.

  • Same with real estate. That’s even more risky!

–     Granted, it’s a tough game, but not impossible.

–     And quite possibly lucrative, if you learn to play.

  • Then after 40 years of hard work you can retire.

–     How many Baby Boomers born around 1955 do you think will be able to retire comfortably by the age of 65?

–     What about 70 or even 75 or ?

  • Your defined benefit pension plan with be there.

–     What “defined benefit” pension plan? They were vaporized with the industrial age.

–     Only government workers have these plans, and we’re paying for them. How fair is that?

–     So how’s your “defined contribution” plan (401K) doing?

–     Can you recover “in time?”

  • Social security will always be there.

–     I sure hope so, we paid into it, after all.

–     But I’m not going to count on it.

  • Medicare will be there too. Thank goodness!

–     Again, I sure hope so, in some form.

–     But the best counsel is, stay healthy my friends, stay healthy!

  • In Essence..
  • A Single Income stream, that is Employee-Based, Tax-Disadvantaged and not under our control, is the kiss of financial disaster in a “jobless recovery” when we lose our job…
  • Depending on the Market, a “Defined Contribution” 401K, Mutual Funds, Social Security and Medicare for retirement and health care may also be cause for serious concern…
  • A cataclysm may be on the horizon…
  • But neither we nor our children, have to be victims, IF we adapt...

The New Money Map

So, adapt to what and how?

The first step is facing the darkness head on, which we just did.

The second step is moving beyond denial.

“Living consciously reflects the conviction that sight is preferable to blindness;

that respect for the facts of reality yields more satisfying results than defiance of the facts of reality;

that evasion does not make the unreal real or the real unreal;

that you are better served by correcting your mistakes than by pretending they do not exist;

and that the more conscious you are of facts bearing on your life and goals,

the more wisely and effectively you can act.”

— Nathaniel Branden

The third step is making the excruciating paradigm shift to the New Money Map.

For Baby Boomers, it’s like tearing out our backbone.

So, here goes…

For young people:

  • Learn to work with your hands and head starting as a teenager: carpentry, plumbing, electrical. Learn to problem solve, create and design by working on real projects. This can be leveraged into your life, long term.
  • Trade school may be the wiser choice than college b/c that work can’t be “Right shored.” Plus you could build a business around it, if you wanted to.
  • If you do go to college get a scholarship. You may become part of the new elite as fewer and fewer middle and lower class children may be able to afford college.
  • If you don’t get a scholarship, then go to a community college for two years. Then transfer to a four year college. (I did. Best professors I ever had.)
  • Work and earn money during college. Graduate with as little debt as possible. Do not start of life with a financial anchor around your neck.
  • Get a degree where you’re NOT forced to compete with offshore workers in India. You can’t.
  • As a senior in high school execute the exercises associated with my Prosperity Pyramid. It could make a gigantic difference in your life! (i.e. My nephew Zach’s testimonial.)

For Everyone!

  1. Minimize Expenses.
  2. Create multiple Streams of Income, even as an employee, starting in high school, with:

–     High ratio ($/Hr) active income. (with positive people interaction)

–     Semi-Passive Income (i.e. pay for performance contracts with a multiple payout, consumables, web-based reoccurring orders, information products, etc…)

–     Tax Advantages (dividends, depreciation, expenses above the line).

  1. Run your own (side) business, even as an employee.
  2. Real Estate, even as an employee.
  3. Leverage your banker’s money, even as an employee.
  4. “Truly” Self-Directed IRA, even as employee. (Invest in Real Estate, Promissory Notes, Private Offerings, Public Offerings)
  5. Creative legal use of business entities (S-Corp), even as employee.
  1. Self-Reliance. (Work to become ever more self-reliant to both cut expenses and be able to provide for and protect your family.)

Remember, Please:

  • It’s not about how much you MAKE, it’s about how much you KEEP.
  • Pay yourself FIRST, government dead LAST (cash flow, salary vs. dividend).
  • Semi-PASSIVE Income + Control > EXPENSES = Independence, if not FREEDOM!

Next Steps

So now, the next question is how do you take this “NMM” and apply it for your family and you?

First, my path isn’t your path, but my story can offer you ideas through my application.

That is the purpose of these posts.

Second, you can execute the Prosperity Pyramid exercises in my book, on your own.

Remember, they all flow from one to the next. I meant the book to be a workbook too.

It’s critical all the exercises be executed so you have your full “Prosperity Map” when complete.

I’m working on developing an enhanced workbook in Word to make this process easier for you.

Third, choose one of the following:

1. Seminars: To Help You Get Off the Mark & Dig into “The  Work.”
2. Workshops: As a Group Complete “The Work” and Create Your “Prosperity Map.”
3. Keynotes: To Speak to the Changes Ahead and What to Do About It!
4. Servant Guide: Work With Me Individually to Complete “The Work” and Create Your “Prosperity Map.”

Further description can be found on my website link called “Services.”

If you’re interested in these offering just let me know at steve@sjhealey.com.

Conclusion

Who are you going to count on in this wild new world order?

Corporate America, the Government, the Church?

I’ve decided I’m only going to count on myself, my family, my friends, those I create business ventures with, those who I create self-reliance family preparedness alliances with and doing what I believe is right, regardless...

What about you?

“Please stop waiting for a map.

We reward those who draw maps, not those who follow them.”

– Seth Godin

Coming Attractions!

Remember how I said my path isn’t your path, but my story can offer you ideas through my application.

Here’s a hint of what I’m doing, stay tuned, it’ll give you tangible ideas to apply!

Your feedback on this post is most welcome here: Blog Link
In Light,

Steve

Spread the Word HERE

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Comments

  1. Stephen
    Well written. Much of the old paradigm isn’t working and it’s up to each of us to decide what to keep and what to discard in creating our own future.
    Picking a person like yourself is also important I think since most of us would benefit from “coaches” to assist us along the way.

  2. Thank you Tom and agree, “we all need to decide what to keep and what to discard.” What really concerns me is the number of so called coaches who just continue to lead people down primrose path based on the Old Money Map when it no longer works. We’ve all got to adapt asap, and the sooner we do, the better off our families will be.

  3. Stephen thanks for laying out the New Money Map. I think you are 100% correct and the faster we let go of "the way it used to be" and embrace "the way it is", the faster we can adjust and position ourselves for success.

  4. Absolutely! There is a new reality that we must be prepared for. Thanks for commenting!

  5. This post lays the groundwork for what I will be sharing with you in the coming weeks. Stay tuned!

  6. This post lays the groundwork for what I will be sharing with you in the coming weeks. Stay tuned!

  7. Judy Whitehead says:

    This is totally Right On!

  8. Judy Whitehead says:

    Looking forward to the next post!

  9. Judy Whitehead says:

    How does the Money Map work?

  10. Judy Whitehead says:

    What is the best way to approach aligning with the prosperity pyramid?

  11. test by Steve

  12. Very exciting Steve! Can't wait for the next one!

  13. Judy Whitehead says:

    Looking forward to it!

  14. Stephanie Knarr says:

    🙂

  15. Judy Whitehead says:

    All systems go?

  16. test 3

  17. test6

  18. test30

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