Hi All

Is it ok to hoard money? I have heard somewhere that some people fear losing money therefore they hoard and also it is not good to hoard money. What kept me thinking is the universal principle of give and receive. So to multiply my receiving I need to give…But people also need to save…So where is the cut off?

For instance, I have set a CMI to be a billionaire in owning US$1000,000,000+. These assets provide an income of US$100,000,000 monthly (10% ROI). I have a CMI to save this money…no use making one billion if you’re spending US$999,999,900. But I also desire these amounts to be a better person and to serve the world.

If you are hoarding because you are scared of losing money, then you are doing it out of fear of loss. This would be a negative state and goes against the principles of SOGR. I would think that this type of fear would go against the certain way of thinking so would have a negative impact if anything.

If you are saving some in the bank to make sure you stay rich whilst still having a balance of a rich and enjoyable life and all the principles that go with SOGR - including giving people more in use value than you receive then I would say this is a healthy place to be and there would be nothing wrong with having a huge sum on standby in your bank account.

Just my point of view - it'll be interesting to hear what others think?

Jo x

Stealthfusion, your definition of a billionaire needs a bit of work. Saving money is not likely to get you there.

And having a billion dollars and NOT circulating it is worthless.

How would having a billion bucks and sitting on it make you "a better person" or "serve the world?"

You say, "people need to save." Why do you think that? What does that mean to you?

Abundance is infinite and eternal. People who focus strongly on the fear of losing everything generally get results that aren't too pleasing.

If you're taking the course (and I think you signed up for it), go back and review the first few sessions where we got into this kind of stuff in depth: value, stagnation and toxicity/circulation, etc.

quote:

Originally posted by Jomay:

Just my point of view - it'll be interesting to hear what others think?

Jo x

Hey Jo

Well, one of my own illusions about money was that, once I had it in abundance, I would spend it all for some useless stuff and that I would lose it eventually.

Hmm.

But now I know that money is only a tool in my life and that living fully is what makes me rich...

...I am getting there.


thank you

s.

I do believe that some people have a stronger need than others for a full pantry and money in the bank. And if that makes you feel good, why not? But that doesn't mean that you shouldn't circulate the rest of your money.

Btw, I see you Stealth, and some other people here, wants really tons of underpants. Nothing wrong with that, of course. But it makes me curious when I just see mentioned the amount of money as a CMI. How are you going to live? What's your wonderful life as a billionaire? Does it excite you?

quote:

But it makes me curious when I just see mentioned the amount of money as a CMI. How are you going to live? What's your wonderful life as a billionaire? Does it excite you?

Put it all in a swimming pool and dive in, of course! Always wondered what it would be like

Caroline

Caroline, you just answered my question!

quote:

You say, "people need to save." Why do you think that? What does that mean to you?

I think it's important to save. I like to plan ahead for my retirement as well. So having plenty and also wealthy state of mind means i can accomplish this. If I keep a billion dollars of assets which produce income, would this be circulating money or would it be negative? Of course if people have many assets then they can produce more income to serve...and spend.

I always save a bit of money because it makes me feel rich seeing my bank balance go up. but I have plans for that money, I know what its going to be spent on. The excitment of a whole heap of money in the bank soons wears off if there isn't any plans for it.

Shannon

Caroline and Stella...

OUCH!!!

I was at peace until I thought about diving into that pool of money. LOL
Chartruze

quote:

If I keep a billion dollars of assets which produce income, would this be circulating money or would it be negative?.

Stealth, I don't think there is anything wrong with your CMI as long as your not planning to get it in the competetive plane. If you are using your creativity and putting the money into assests that in some way contribute to yours and others expansion (eg - supplying a job or home for others) then I don't belief that is against the SOGR.

If to make your billion it takes from and lowers the quality of life for other beings, uses power over tactics then it could be a rocky road you will travel.

This does not seem to be what you want to do as you have mentioned serving and spending which is not hoarding. To me hoarding would be get the money, stick it in the bank where it can do no one any benefit expect you.

Meg

Hi StellaP -

My ex-husband always wanted enough cash to be able to fill our large bath tub to over flowing so he could say "he was swimming in money" (this is an expression used here to say very wealthy)

All I could think of was the paper cuts you would get

I laugh at myself now when I think of my not so positive response. I am sad though at taking that dream from him.

Meg
May you all "swim in money"

Here's a brief excerpt from one of Mr. Wattles' other writings on this very subject. (I'll make the whole article available shortly.)

He writes:

"Talk wealth, health and progress, and have the best of everything. It is well enough to provide a surplus, so that you may take advantage of any new opportunity, but do not lay up for a rainy day. If you live right, think right, and work right, there will never be a rainy day for you.

"If you lay up for a rainy day, you will impress the sub-conscious with the fear of a rainy day -- with the idea of weakness and incompetence, and so you will cause the rainy day to come.

"Opportunities for larger work and service will come your way, and you will need a few hundred dollars to take advantage of these opportunities. Provide for that, but do not be 'saving.' Do not be 'economical.'

"'Thrift' in the sense that it means doing without what you want, or being content with less than the best of everything, is a vice and not a virtue. Get the very best of everything, and harmonize with the best of everything. Then you will be at your best all the time."

Hi Meggles - that's the thing, isn't it: if the idea of literally swimming in money really excites you then maybe you should do it!
(Though swimming in underpants?? )

quote:

Originally posted by Rebecca:
Here's a brief excerpt from one of Mr. Wattles' other writings on this very subject. (I'll make the whole article available shortly.)

Wow, thanks Rebecca. That makes sense. I'm excited to read the article!

I think the word Hoarding in itself sounds like greed in nature.I feel it is okay to save money in a reasonable way that if you need to have something you have the money in which to get it. To just spend and not save is not thinking of what you are to get later from saving.

quote:

To just spend and not save is not thinking of what you are to get later from saving.

Hi Casper,

Who say's saving will give you something later? Saving is an action. It will not give you anything. Only your true thoughts will give you what you really want.

The universe is unlimited and it will provide at the right moments. This is what we must learn to believe. Money will flow in our lives, like water from open faucet, when we are living in the certain way.

If you are divinely inspired to save then do so. If you do it out of fear for a rainy day then you'll manifest more fear and doubt.

One last question to everyone, why save? if we live in the certain way money will continuosly flow like water from an open faucet.

Isn't saving in some way a lack thought and not trusting that you'll be taken care of?

Appreciation from the Heart,

Richard De Haven

Where I come from, "to hoard money" basically means to bury it underground. But if you put your money in a bank deposit account, that's not hoarding because your money is used for loans -- loans to build or expand businesses, to buy necessities or wants, to build infrastructure, to fund the next inventions. In short, money in the bank is used for progress. And you get interest for loaning your money.

I don't think there's anything wrong with saving. If that floats your boat, my friend, then do so. What may be wrong is WHY you save. What motivates you to save? Try to see Truth here. If you save because of abundance, then that's okay. If you save because of a competitive mind, then let's all be grateful for realizing it.

I haven't thought of this issue, but thank you for raising it, my friend. This are the "small things" that raise my consciousness for abundance, and strengthen my faith and gratitude in the Formless. I also thank the others for sharing their insights as well.

quote:

Originally posted by stealthfusion:
Hi All

Is it ok to hoard money? I have heard somewhere that some people fear losing money therefore they hoard and also it is not good to hoard money. What kept me thinking is the universal principle of give and receive. So to multiply my receiving I need to give…But people also need to save…So where is the cut off?

For instance, I have set a CMI to be a billionaire in owning US$1000,000,000+. These assets provide an income of US$100,000,000 monthly (10% ROI). I have a CMI to save this money…no use making one billion if you’re spending US$999,999,900. But I also desire these amounts to be a better person and to serve the world.

Why worry about hoarding? That's your CMI, thats what you are going to get! gratitude it

Hey Stealth.
Hoarding, to me, indicates fear of something-loss or insufficiency, and fear won't get you anywhere.
I find, personally, that making use of your money in ways that make you feel good is all there is to it - and by 'it' I mean attracting even more money to yourself. Isn't that all you want in the end?