Welcome To Receptive Income!

Receptive income. What's that? Receptive income is easy money. Ease with money. Why not call it passive income? Because calling it passive sounds so, well, passive. Letting go of the idea of needing to work to make a living can take some work. I have had to do some significant inner work, changing my beliefs about myself, about life, and even about God, to get to a place of self-worth where I am comfortable receiving money, easily and effortlessly. If this sounds compelling to you, then before going further, please read Receptive Income 101, the first entry to this blog. From there you have choices. You can read more about the mental and emotional part of Receptive Income at Getting Started... The Inner Journey. Or you can jump right into investing by visiting Getting Started... The Outer Journey. Also, If you would like to subscribe to this journal, you would get a heads up each time I add an entry. To do so, send a hello to scott@scottsongs.com and write Subscribe Me To Your Blog in the subject section.

Monday, February 15, 2010

A New Year, A NEW ATTITUDE!

I have a friend who is a multi-millionaire, and he has confessed to me on numerous occasions that he rarely relaxes about money, that he lives with the constant fear of losing it all. In other words, it is possible (and very popular) to have millions and be plagued by anxiety. My friend serves as a reminder to me that it takes more than money to free one's life. And that abundance is a state of mind as much as anything.

I am dedicating this year to relaxing about money. And to dwelling in an attitude of gratitude for all that I have.

Our blessings always outnumber the bills, so count them (your blessings) daily and give thanks. It is a miracle to be alive. You would not trade your life for all the money in the world, so hey, you are already a multi-trillionaire!

GETTING OFF THE EMOTIONAL AND FINANCIAL ROLLERCOASTER

How many of us emotionally crashed when Cash Tanker tanked? I know I did. It is a wise investor who does not put so much of their savings in one or two investments that if they disappeared it would send their finances into a significant tailspin. Sobriety with money includes diversifying and taking risks that are moderate. Part of what triggers fear and the rollercoaster ride of drama is over-investing into one or two programs.

All of these programs are high risk, whether or not they get good reviews from psychics, blogs, forurms, etc. The only way to minimize risk is to play with money you can afford to lose and to diversify. And get your seed money out as soon as possible. Then you play with the house money at zero risk - much more fun that way.

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