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Are You Creating Debt As Your Future?
Written by Stephen Outram Monday, 02 April 2012 11:04
The concept of credit cards was first introduced to shoppers in the United States around 1950, with a card named "Charg-It." Later, Diners Club Card was created followed by by American Express and many others.
Today, 1000s of credit cards are available to consumers across the world. With over 60 years of history, credit cards are now an integral part of our daily lives and we are fully trained in their use.
- Has this long-term and perhaps, unconscious relationship with credit cards limited our capacity to create money?
During my current teleclass series, 'Credit Cards: Turning Debt into Advantage,' a participant asked, "Am I creating debt by planning-for what I'd like to have in the future?" I realized that our familiarity and unquestioning acceptance of credit cards, leads us to create debt to buy things in the future, rather than creating money to buy those things.
We have become so comfortable functioning with credit cards, that for many, debt has become the preferred and perhaps only choice for funding our lives.
Children, who see their parents using credit cards, may lose touch with their capacity to creating money. And their lives become dedicated to the gradual and increasing accumulation of debt; locking them into a future that holds little-choice or joy with money.
How does it get any better than this?
Would you like to try something different?
As part of my work as an Access Consciousness Facilitator, we use verbal processing to clear blocks and limitation. During the teleclass I mentioned earlier, I used a process with the particpants. If you connected with the ideas in this article, you can download a copy of the process and try int for yourself. Put it on a loop in your MP3 player or computer and run it over and over again. You may have a new awareness that provides you with different choices around credit cards.
Give it a try, if you'd like to. Click to download (MP3 1.25MB)
Is Acceptable Debt Sending You Broke?
Written by Stephen Outram Monday, 02 April 2012 10:50
In early February 2012 I gave a teleclass, ‘Credit Cards: Turning Debt into Advantage.' Many participants were kind enough to write-in and thank me for the call. One, in particular, has provided a topic I’d like to explore with you now.
This person described how she did not like credit card debt but the house mortgage was acceptable. Her husband’s point-of-view is that (at a certain amount) credit card debt is manageable and acceptable.
I know that credit cards & mortgages are both debt and while replying to her email, realised that one was acceptable and the other was not. Further, reasons and justifications for debt being acceptable include that it appears to be manageable.
Meanings
- Accept means to “take or receive willingly” (and I would add to that, ‘without question’)
- Manage means “to handle”—as with a horse
Question
- What debts (or anything) are you accepting without question, because they appear manageable?
Credit Cards are presented in glossy, colourful packages as something that will meet your needs, great to shop with, low easy repayments, bonus points, etc. They appear to be loaded with benefits and easy to manage. Who wouldn’t want one... right?
Credit cards and debt can work for you (as we explored in my teleclass) but for many this is not the case. Ask yourself, "Truth can I really handle this debt or am I buying the illusion that I can?" Choose wisely and rather than you working for debt, begin to have debt working for you.
Gold & the USA Debt Ceiling
Written by Stephen Outram Monday, 02 April 2012 10:21
Could the US Debt Ceiling provide a guide to future jumps in the price of gold?
What is the US Debt Ceiling?
The debt ceiling is the legal limit on the amount of money the US government can borrow to pay its bills, which includes the salaries of federal employees, federal programs such as Social Security and Medicare (a health insurance program for the elderly), and principal and interest payments to bondholders.
When Barrack Obama took office in January 2009, US public debt stood at $10.6tn (tn = trillion). In May 2011 the debt limit of $14.3tn was reached and on August 2 2011 the House of Representatives voted that the limit be raised to $16.4tn. There are 2 artciles offered below that provide more detail.
What has this to do with Gold?
Here's a chart that shows each time the US Debt Ceiling was raised (red), since 1994, and the price of gold (yellow). What do you notice?
Bloomberg Chart (click the image for a larger image)
These two metrics have tracked each other over the last 15 or so years.
The vertical axis on the left measures the price of gold, the bottom axis is years from 1994-2011 and on the right the US Debt Ceiling in trillions of dollars.
What's the point?
Here's a link to the *US National Debt Clock. As the big red number (US National Debt) gets closer to $16.4tn (the current limit), it's likely that the US Government will consider rasing the US Debt Ceiling once again, as they have many times in the past.
Here's two questions you may like to ask:
- How will that effect the price of gold?
- Can I make money with that?
What do you know?
* This source may not be accurate and is provided for illustration purposes only.
Why New Year’s Resolutions Don’t Work
Written by Stephen Outram Tuesday, 03 January 2012 06:22
How many New Year’s Resolutions have you made that resulted in something actually changing?
Resolution doesn't make any sense in the context of, you, desiring to change something.
We have been trained to think that resolution means “determined” or a promise we make to ourselves but that is not correct at all. Resolution means “breaking into parts” or “to loosen.” And how much has that to-do with you changing something? Not much.
If your New Year's Resolution is to make more money in 2012, for example, then you’re asking for your money flows to loosen or break into parts. It makes no sense.
If you would like more money, rather than creating a resolution, try asking a question or making a demand of you,
“What will it take for me to have more money in 2012?”
And where did we get this idea of New Year's Resolutions from and then to just accept it as something that might work?
How many of the ideas we currently have, about making money or having money, did we pick up from a tradition or a family member and really have no-idea what we are actually saying or asking for?
Getting clear about what we say could be really useful in beginning to change the habits we use to not-get what we desire; like having greater ease with money and more money.
What would you have to loosen-up-on for that to actualise? Perhaps easing your annual grip on resolutions might be a good start.
Is it Spring for Silver?
Written by Stephen Outram Wednesday, 30 November 2011 11:21
The price of silver has been consolidating for the last 3 months; is now the time to buy?
This is the chart for silver over the last 3 months. It's trading in a range $US 30-35. Technical people call this 'consolidating' or building a base; a base from which to spring to new heights. The longer silver consolidates, the less risk there is that its price will fall below the base.
You can see on the chart, in September, where the price was smashed-down due to changes in margin lending rates (this also happened in May 2011 and silver rose from $34 to $43, a few months later) and the 3 months of consolidation to December.
My question for you, is, "Is now a good time to buy silver and then hold; and can you be making money with that?"
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