Fun Friday Links: Financial Spring Cleaning, Innovation and Easter Eggs, and What Successful People Do on the Weekend
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Escrito por: Felix A. Montelara
Autor: Potencial Millonario
El Autor, Gabriel Gacia Marquéz recibió el premio Noble de literatura en 1982, Colombiano que disfruto su vida en México donde murió el miércoles. Marquéz es uno de los autores mas leído en el mundo, por su novelas geniales. Felix A. Montelara extiende sus condolencia al familia de Gracia Marquéz y al mundo entero por la perdida del gran autor.
Estamos en el mes de la educación financiera. En este episodio hablamos de los archivos mentales sobre la mente millonaria y la mentalidad pobre según Harv Eker, autor de los Secretos de la Mente Millonaria. También esta semana la secciones, “Lo que ustedes saber su dinero” y “Estirando su dolar”.
Contentment in Christ
This is a re-blog from Bible Money Matters. I hope that you enjoy it.
Felix A. Montelara
Author; Potencial Millonario
Last week, I laid the foundation for how I studied personal finance in the Bible. I gave you a light introduction to what I call God’s Provident Plan and promised we’d look at each aspect in more depth. This is the first part of a series in which I’ll share what I’ve discovered about personal finance in the Bible. Today, we’re going to talk about the importance of contentment in Christ.
Once we have accepted Jesus as our Lord and Savior, He becomes everything to us. He must become everything to us. We are in a continual struggle against Satan to keep other things (especially money) from taking the place of Christ. The World sends us a message that says more wealth and more stuff will make us happy. But God warns us in Revelation 3:17-18 that worldly wealth cannot offer us true satisfaction and security.
17 You say, ‘I am rich; I have acquired wealth and do not need a thing.’ But you do not realize that you are wretched, pitiful, poor, blind, and naked. 18 I counsel you to buy from me gold refined in the fire, so you can become rich; and white clothes to wear, so you can cover your shameful nakedness; and salve to put on your eyes, so you can see. Revelation 3:17-18 (NIV)
Only God can provide us with true wealth and open our eyes so we can see the truth. God has a higher purpose for us than riches far beyond our needs and 6,000 square foot homes. God wants more meaning in our lives than a brand new luxury car in the driveway and a shiny yacht next to the dock. God has a higher calling for our retirement years than fruitless day after fruitless day spent on the golf course, beach, or back porch. The World’s message contradicts God’s message so much that we must choose between the two. Luke 16:13-15 says:
13 “No servant can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money.” 14 The Pharisees, who loved money, heard all this and were sneering at Jesus. 15 He said to them, “You are the ones who justify yourselves in the eyes of men, but God knows your hearts. What is highly valued among men is detestable in God’s sight.” Luke 16:13-15 (NIV)
We must choose between serving God or Money. There is no middle ground. Devotion to Money is completely and absolutely opposed to devotion to God. Greed and generosity cannot exist together. Consumerism and contentment demand different paths. Choosing to love and serve Money means that you are choosing to turn your back on God. But if you want to serve God, you must give your heart completely to Him. In Mark 7:21-23, Jesus tells us that greed and envy come from our hearts:
21 “For from within, out of men’s hearts, come evil thoughts, sexual immorality, theft, murder, adultery, 22 greed, malice, deceit, lewdness, envy, slander, arrogance and folly. 23 All these evils come from inside and make a man ‘unclean.’” Mark 7:21-23 (NIV)
Once God has the commitment of our hearts, He can begin to transform our minds – change our thinking. The New Living Translation renders Romans 12:2 this way:
Don’t copy the behavior and customs of this world, but let God transform you into a new person by changing the way you think. Then you will learn to know God’s will for you, which is good and pleasing and perfect. Romans 12:2 (NLT)
The solution to serving God and rejecting the World’s message is not to start trying to do what we think are all the right things. The solution is to give ourselves completely to God – to offer our entire lives as a sacrifice to Him in thankfulness and love for what He’s done for us. Then as we focus on Him we’ll learn what His will is for us and how we can glorify Him.
This step of getting God’s view takes time. It is a gradual transformation in our thinking that God effects as we grow in Him. We have to see that our focus on the things of this world keeps us from seeing the importance of love and relationships. That misplaced focus keeps us from fully serving God. We must focus on storing up treasures in heaven rather than on Earth because that will show whether our hearts belong to God or Money. If we let the concerns of this life take priority over the concerns of eternal life, we will be unfruitful. Jesus warns of this danger in Mark 4:18-19:
18 Still others, like seed sown among thorns, hear the word; 19 but the worries of this life, the deceitfulness of wealth and the desires for other things come in and choke the word, making it unfruitful. Mark 4:18-19 (NIV)
We must learn that everything belongs to God and everything comes from God. We must learn to be thankful in all circumstances. We must find satisfaction in our daily bread. We must learn that life is more than pursuing wealth, buying everything our culture tells us to want, and retiring early. And even though these ideas go against our human nature, we must understand that it’s not worth gaining the whole world if we end up losing our souls.
The transformation that happens as we let God renew our minds and thinking has huge repercussions in our lives. We gain understanding of what it means to be content in Christ. We see that our faith in Jesus gives us eternal life. We see the utter worthlessness of everything on earth when compared to our salvation and the riches of eternal life with God. We put our hope in Christ and the life He gives. Christ then gives us true contentment that conquers any circumstance we may face, but we must continue to focus on our hope in Him and weigh everything against the surpassing value of our eternal life with God.
When we find contentment in Christ and Christ alone, the importance of money in our lives diminishes and pales to the value we place on Jesus. We learn the secret to being happy in all situations – whether we’re full or starving, rich or poor, employed or jobless, single or married – nothing in this life matters at all when compared to the glorious gift of Jesus and the fact that no one and no circumstance can take that away from us. As Paul says in Philippians 4:11-13:
11 I am not saying this because I am in need, for I have learned to be content whatever the circumstances. 12 I know what it is to be in need, and I know what it is to have plenty. I have learned the secret of being content in any and every situation, whether well fed or hungry, whether living in plenty or in want. 13 I can do everything through him who gives me strength. Philippians 4:11-13 (NIV)
When we see everything in light of eternity, we find that nothing on earth is of more value than our faith in Christ. We learn that while we may never be rich by the world’s standards, we have riches that can’t be measured in dollars, gold, houses, cars, or anything else in this life. We understand that contentment in Christ is true wealth.
6 But godliness with contentment is great gain. 7 For we brought nothing into the world, and we can take nothing out of it. 8 But if we have food and clothing, we will be content with that. 9 People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction. 10 For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs. 11 But you, man of God, flee from all this, and pursue righteousness, godliness, faith, love, endurance and gentleness. 12 Fight the good fight of the faith. Take hold of the eternal life to which you were called when you made your good confession in the presence of many witnesses. 1 Timothy 6:6-12 (NIV)
Once we have this conviction of always finding our contentment in Christ, the Spirit will teach us to place much less importance on material things. We will no longer be focused solely on our own needs and wants – an early retirement, a bigger house, a nicer car, and so on. Instead, we’ll be consumed with a desire to focus on the needs of others – to feed the hungry, clothe the naked, shelter the homeless, and show God’s love to the world through our faith and deeds. This is the essence of contentment in Christ. We’ll spend less and less on ourselves and our desires as we seek to give more and more to others and fulfill God’s desires.
Watch this TED talk video it is pretty awesome. Good luck and I hope you go viral.
Felix A. Montelara
Author: Potencial Millonario
Nuevo estudio de MassMutual revela que la educación financiera y la planificación son clave para los hispanos alcanzar el sueño americano
Les persento la importancia de enseñarle sobre el Potencial Millonario que tenemos para lograr obtener el sueño Americano en nuestra familia. Es posible vivir aquí en los EE.UU y no tener deudas de crédito, vehículo, o hipoteca. Yo, Felix A. Montelara lo he logrado y es pero que usted haga lo mismo y pronto. Espero que disfrutes de la información de estudio por MassMutal y veas que todos tenemos Potencial Millonario.
Felix A. Montelara
Autor & Protagonista: Potencial Millonario
La encuesta también identifica la desconexión entre lo que los hispanos dicen y hacen cuando se trata de la planificación financiera SPRINGFIELD, PRNewswire-HISPANIC PR WIRE/ — Para los hispanos parece que la…
Posted By Felix A. Montelara
Author: Potencial Millonario
Boxing legend Felix “Tito” Trinidad is brought to his knees by a 68 million investment loss. However, the knockout blow may be the reported debt of approximately nine million dollars.
Felix Trinidad, in an attempt to be responsible with his assets obtained a brokerage firm, “Popular Securities,” to manage his well-earned fortune. Now I’m going to explain how it is possible to lose an estimated 68 million dollars even if it is invested by a third party and you (or in this case Trinidad) are not monitoring the account. According to reports, José ‘Pepe’ Ramos was assigned by Popular Securities to handle Trinidad’s account. Ramos invested most if not all the money in bonds, according to news reports in Puerto Rico. The truth is that until September 2013, this type of investment was not risky on face value. The problem began in September 2013 when the markets (Moody’s and the S&P 500) downgraded Puerto Rico’s bonds to junk bond status, hence reducing Trinidad’s wealth (fortune). It is said that Trinidad began to see losses in his statement. Really? Red flag, anyone?
The second problem is that if it is true that Ramos invested 100% of Trinidad’s money in bonds only, we can all see an issue with assets allocation. In lay man words, Ramos placed all the eggs in one basket (Puerto Rico bonds). The right thing to do was to diversify into many assets across the market and invest in several different market sectors, as I would say, “A little of this and a little of that.” Truth be said it is unknown at this time if Trinidad asked to be conservative with his investments, or even if Ramos was authorized to invest without Trinidad’s consent. No one knows why Ramos decided to place everything into bonds. It is true that before September 2013, Puerto Rico bonds had good ratings in the market and benefited from a triple tax exemption and could be enticing- or as I would say it would have been “sexy” to invest in them for any portfolio at that time; however, never at 100% of any portfolio.
One must understand that Trinidad is a former professional athlete and a marvelous boxing World Champion. He is not a finance expert. He took prudent steps to preserve his fortune but that was not enough. The last blow brings Trinidad to his knees by a man without gloves in a suit. The lack of basic personal finance education hurt Trinidad as much as it hurts everyone else. Trinidad would have most likely have avoided this type of situation if he was well trained in personals finances. Its like training for a championship bout and not knowing the opponent. It is alleged that Trinidad noticed losses on his statement. In the boxing world that is like telegraphing a cross punch. With personal finance training Trinidad may have seen the knee dropping blow coming his way. When Trinidad
received his earning statement reports with some personal finance training he could have determined that all the eggs were in one basket and we all know in personal finances that is not a good thing.
Also with a good personal financial education a millionaire worth 68 plus may have not carried with an estimated nine million in debts. Why would Trinidad? Anyone trained or educated in the basics of personal finance knows that the debt is the most powerful opponent, who most likely provides the knock out blow when you are already down on your knees. But as they say in my neighborhood: “to late,” the money was invested and lost. The only controversy is whether Ramos was authorized by Trinidad to place the eggs in one basket. Ramos, along with Popular Securities, will defend themselves as if they were in a championship bout and the truth will be known in court.
If you were in Trinidad’s shoes, would you have the know-how to foresee that ultimately it is your responsibility to watch over your money?
Finally, we are celebrating Financial Literacy month in April. Wise up! Get educated in personal finance and do not allow yourself to be victimized due to financial ignorance. Remember, we all have “The Potential Millionaire.”
En este episodio hablamos de la mentalidad millonario según T. Harv Eker autor del libro Secrets of the Millionare Mind. Explico paso a paso el secreto de como piensan los ricos versus la persona con la mentalidad pobre.