How can I change my current situation?

Welcome to another episode on Living the best possible life ever. I hope all is well with you and your family, and my sincere wish is that you continue to achieve more of your dreams this year . The above statement of how can I change my current situation is one of the questions that you have either asked yourself in the past, or you are either asking yourself presently or you will be asking yourself this month, this year or in the near future. The simple answer to the above question is that you need to consider doing these four things. First, pay tithe on all your paychecks and the second is to develop a better catalyst system. Tithe is the concept of paying one-tenth of your paycheck earnings and giving that money back to God. The money you pay as Tithe is used by your church, donation center to provide much needed community outreach services to those in need. The reward from Tithing results in overall blessings to you and your family with good health, enormous prosperity, overall protection from life events such as robbery and misfortunes . The second advice is to save 10-20% percent of your gross paycheck every 2 weeks when you are paid for investments and for funding your retirement. The third advice is to slowly build up 6 months to 1 year of your emergency funds. The fourth advice is to develop and stick to a monthly budget.

An example of a gentleman who benefited from Tithing was William Colgate. According to Wikipedia, William Colgate was born in January 25, 1783 in Hollingbourne, Kent, England and died March 25, 1858 at the age of 74 in New York City . His family shortly moved to Baltimore, Maryland after his father’s life was in danger after he became a sympathizer of the American War of Independence. His family later moved to New York City where he became an apprentice as a soap maker. During his training, he developed a more efficient way to make soap. Colgate was a tither through his long and successful life as a businessman. He initially tithed, one-tenth, two-tenths, three-tenths of all his income from the soap business and surprisingly became more wealthy. Towards the end of his life, he was tithing five-tenths of all his income. He later became one of the richest and most influential men and philanthropist in New York City. He was also founder of Colgate-Palmolive Soap Company.

Courtesy of Google.com

A catalyst decrease the amount of work needed, or time needed to accomplish any specified task without getting involved in the reaction. For example, if going from town A to town B requires 50 minutes travel time, the addition of a catalyst will decrease the time to reach the destination from 50 minutes to 25 minutes, saving you 25 additional minutes. Good personal finance books such as The Millionaire Next Door by Thomas Stanley and Rich Dad, Poor Dad by Robert Kiyosaki , are two must read catalyst books that will decrease the amount of time you will need to reach financial freedom, only if you can follow the golden steps in these books.

Moreover, You have to envision where you see yourself in the next 10 years and legally start the necessary steps to make your vision become a reality. In our lives, you have doers and sayers. Make it your goal to be a doer. Take the necessary actions needed to enrich your life today. To live the best possible life ever will require you to trust God, think critically and continue your task of educating your mind, and physically training your body to stay fit.

In conclusion, most of us do not get the option to choose where we are born or to choose our parents. But the one thing you can choose today is to make the choice to create a better future for yourself and your family. You can create a better future for yourself by starting to use a better catalyst system in your life such as trusting God, paying your Tithe, reading good Personal Finance books , creating and contributing to your retirement account every 2 weeks or monthly, investing 10-20% of your gross paycheck to build a healthy nest egg that will allow you to retire when the time comes.

By Kofi Amo-Mensah, Medical Doctor.

Disclaimer: Remember this blog is for your educational purposes only. Seek Professional advice if you are going through any life changes. Also remember to seek professional financial advice if you are going through financial changes.