Manifesting Money

Many of us say we want lots of money now, but (there is always a "but") people are not willing to take the risks we must to make what we want.

Each individual has a money tolerance that should not be ignored. Any good stock broker or financial planner knows this, and they should make the effort to help you determine what your money tolerance is. Then, they should work with you to find investments that do not exceed your risk tolerance.

Having money is like setting the thermostat for your house. Let us say you set it for 78 degrees. When it gets cold the heater kicks in raising the temperature back to 78. When it gets hot the AC kicks in lowering it back to 78. It is the same with your money. You have set your moneystat at a certain level. (Unconsciously or not) When you begin to run low it kicks in and brings your money back to where you have it set. When you get too much it lowers the amount you have.

What do you have your moneystat set for? Here is how to find out. First look in your wallet or purse, how much cash do you have? Write that number on a piece of paper. Next, add in any unspent money in your checking account. What is the total? Now add in any savings, investments, and hidden stashes you may have now what is your total?

Let's say you have $4.00 in your wallet, a secret stash of $20.00 in your underwear drawer, $92.00 left in the checking after paying bills, and a savings account of $50.00. For a total of $166.00, this is close to your moneystat. Do this every day for a week, and average it, this will reflect your moneystat more accurately. You will see that when you have less than $166, you somehow get more, and when you have more than $166 , something comes up to take it away.

Now that you are aware of your moneystat you need to change it. You do that by setting an investment goal and raising the moneystat a little at a time.

Determining one's risk tolerance involves several different things. First, you need to know how much money you have to invest, and what your investment and financial goals are. Your risk tolerance should be based on what your financial goals are and how you feel about the possibility of losing your money. It's all tied in together.

For instance, if you plan to retire in ten years, and you've not saved a single penny towards that end, you need to have a high risk tolerance - because you will need to do some aggressive - risky - investing in order to reach your financial goal.

On the other hand, if you are in your early twenties and you want to start investing for your retirement, your risk tolerance will be low. You can afford to watch your money grow slowly over time.

Realize of course, that your need for a high risk tolerance or your need for a low risk tolerance really has no bearing on how you feel about risk. Again, there is a lot in determining your tolerance.

For instance, if you invested in the stock market and you watched the movement of that stock daily and saw that it was dropping slightly, what would you do?

Would you sell out or would you let your money ride? If you have a low tolerance for risk, you would want to sell out... if you have a high tolerance, you would let your money ride and see what happens. This is not based on what your financial goals are. This tolerance is based on how you feel about your money!

You must learn how to change your tolerance to achieve the goals and desires you have set for yourself. If you are desperate and do not want to risk any money, you will not make any money. But (there is that "but" again) if you are willing to risk some money, and leave it alone to do the work for you, then you will make money.

I am not telling you how to invest, only that you must invest. Start with a savings account. Get used to having money, let it sit there and earn interest. Learn to let money work for you. After a while when you are more comfortable with having money work for you, then find a higher return investment.

Again, a good financial planner or stock broker should help you determine the level of risk that you are comfortable with, and help you choose your investments accordingly.

Learn about yourself and what you feel is your money tolerance. What money are you used to having? Learn how to overcome your fear of money and how to raise your moneystat. Your life will improve and you will become a better person.

Be Blessed