Manifest abundance - Step 3

What do you need?

In order to be able to create the life we want we have to know exactly what it is we need to create so that we can focus on it but more than that, we need to bring it into our reality by acting as if we have it already. If you keep picturing something in the future and use "I want"or "I need" or "One day..." statements, then that is where it will always be..in your future. One of the major secrets of manifestation is to picture it, feel it and live it as if it is already there. When you do this you are creating the energetic vibration and the real thing has to align with that, making it a reality. So "fake it till you make it".

Things will not instantly appear before your eyes but by doing this you are changing what you expect from your reality and opening yourself up to change and possibilities. Your picture needs to be clear enough to be concrete but flexible enough to allow for change. Before you know it, your reality will change and your dreams will come true.

Exercise

This is not a question and answer exercise but rather a planning one. The purpose of this exercise is so that you can see exactly what it is you need financially. If you don't know what you need, then you cant create it. If you do, then you can picture it and plan what needs to be done. You are now entering the "cause" side of creation and no longer living on the "effect"side where life simply happens to you as discussed the the LAWS OF LIFE section. You are deciding what you need and making it happen.

Are you ready?...

On a piece of paper or on an excel spreadsheet, make a tab in the centre saying "My finances over the next year".

Now draw lines going out to other tabs (you are creating a spider diagram) representing each area of your finances - expenses, debt, guaranteed income, extra income, extra expenses, etc. You can add any category you want.

Expenses

Under this tab you write all your monthly expenses

Debt

Here you break down all your debt. Name one by one credit card or account and what you owe on it. Include your house bond, car payments and any other debt you have. Also list on there how much interest you are paying on that account, what your monthly payments are and how much of that payment is interest, bank charges and insurance. You will be shocked to see how little of the actual moan amount you are actually paying. Most bank debt is around 10-15% interest per year. If you are paying R10 000 a month on a R1 million house, with 10.25% interest, your interest is R8 541.67, meaning that only R1458.33 is being deducted from your debt. No wonder it takes 20 years to pay off a house!!!!

If you just pay in an additional R18 000 a year, (this takes a bit of calculation and depends on many factors) but generally, you can cut off about a year's payments just with that one additional payment, saving you about R100 000 in the long run! For those that are a bit confused, here is the calculation....stay with me, this is important....

If only R1500 of your debt is being reduced every month then an extra R18 000 paid provides the debt reduction for a year (R18 000/R1500=12 months), meaning that your debt payments are being reduced by 12 months. the saving is calculated as follows: R10 000 x 12 months = R120 000 less the R18 000 paid = R102 000.

Whatever your bond payment is, you can calculate how much of your debt is actually being reduced and work with that figure. If the lump sum once per year is too unattainable, you can just increase your repayments by R1000 or R2000 a month. This can bring your total repayment term down by 5 years easily. Imagine how much money you are saving then! And imagine how comfortably you will be living once your house is paid off!

Income

This is your guaranteed income. So it would be your salary or whatever income you receive monthly.

Extra expenses

Here you write down any extra expenses you may have over the next year. Whether you need new tires for your car, a new couch set, building renovations, deposit for your dream house, whatever you desire, you put that here.

Extra income

This is where you think of extra ways to make money and what kind of money you will be expecting to make from it. You need to be creative but realistic too. It needs to be believable. If you are planning to start a business you will greatly benefit from our BUSINESS MAKEOVER program. Starting a business when you don't know how to run it and market it properly can lead to disaster, with this program it becomes much easier.

Also add a line that says "unexpected income" and fill in a figure that is big enough to cover some big debt and help you meet those extra expenses.

Summary

Now, in the centre of your spider diagram, just under your heading "My finances over the next year" write the sum of all your expenses over the next year (12 x monthly plus extra expenses. Include monthly debt payments but not the full debt amount) and under that write projected income with the sum of all your income next to it (monthly income x 12 plus extra income, including unexpected income). Make sure that your income is more than your expenses. Calculate the difference and then allocate the extra income to your highest debt.

This is your financial plan. It must be realistic but with high expectations. It must inspire you to pull it off and it must be clear so that you can stick to it. Stick it up somewhere (like inside your cupboard) where you can see it everyday and check on a month to month basis if you are keeping track. If you stay focused and execute whatever plan you made (last step of the process), you should be seeing results monthly.

Example diagram