Recently, I was in a store, and since I work in the realm of money, I saw a deck of cards that parents will sometimes use with their children to explain the value of money.
Each card had different denominations of dollars and coins, this one being 16 cents.
This represents 37 cents.
It gets more complicated for your children.
62 cents.
Some of these are even more difficult. $1.25.
How about $30.25?
Or $21.25?
We have been taught what money is. We have been taught how to calculate money.
Unfortunately, through much of our lifetime, we are not taught how to properly use money or how to calculate money over our entire lifetime. The Financialoscopy® team spends a lot of time magnifying where you are in your life. And we're trying to figure out exactly where to put the scope to be able to show you and to explain how money works.
And the one common thread that we see is that most people don't understand the time value of money. I own a pocket watch, which I received years ago from a great uncle. And from the day that I received it after his death, to this very day, it has been stuck in place, at eight minutes past seven o'clock.
When it comes to trying to figure out how money works, most people work with a timepiece just like that pocket watch. There’s no movement. Unfortunately, money in the realm of cash flow - moves. What does money’s cashflow look like today, five, ten, fifteen or 30 years from now? Will it be doing a generation from now, what we thought it would be doing today?
Remember that money moves through time. The time that we have and the time that we plan for is not static. It doesn't remain at 7:08. It is constantly ticking away.
Understanding money means more than just realizing what might be in your checking account, what might be in your savings account, what might be in your 401k. How does the movement of money work throughout your entire lifetime? If you are not viewing money over time, you are literally frozen in time. Are you living today over and over and over again, as if it was Groundhog Day?
Does it never expand into the future? Is it always looking at today and living in the past? What life do you wish to live? Do you wish to live a static life, a life that once was? Are your memories stuck in the past, thinking that, that is the best it will ever get; or are you forward-thinking since that is exactly what time is?
It's not necessarily what you have (i.e. the amount of money), but what you have with the essence of “time”. If you are not making those calculations or if you don't even know what those calculations may be, what is the time value of your money and your cash flow, not only today, but years and years into the future? Because, those are the years in which you will be living your “future self”.
If you wish to have your money x-rayed, and if you wish to have your money calculated for future results, future cash flow – that’s because that will be the world you will be living in, at some point in your life. In fact, you're going to be living in that life tomorrow, next week, a year from now or ten years from now. You have no choice. It’s on its way.
If you are planning those years with a static version of money, you will always be living in a static version of life. If you want to live in the world of living, breathing, moving money, then today is the day to schedule your Financialoscopy®.
