$$$ Isn’t The Answer To Your $$$ Problems, You Can’t Borrow Your Way Out Of A Hole

Introduction

Have you ever had a money problem, and you thought to yourself, “Man, if I could just get some more money, get this thing paid off, get this bill caught up, get this credit card paid off, get these bill collectors to stop calling me, my life would be okay.” But I want to share with you something I learned, um, the long way and the hard way, and hopefully, it won’t be as long for you and or as hard of a lesson for you to learn, and that is that money cannot solve money problems. Um, I had a, uh, a good friend of mine who was an entrepreneur; he still is an entrepreneur, but he was an older entrepreneur. When I say older, you got to, you know, you got to be careful when you’re old using the word old, right? Okay. And how you use it around old people. So anyway, so there’s a guy, he’s a friend of mine, but he was a little older than me, and he was more successful than me, and he was a really, really good friend. If I needed to borrow money, he would loan it to me, right? Um, and, um, and it didn’t matter how much it was. Like, if I went to him and said, “Hey, I need to borrow $100,000,” he would loan it to me, even today, probably. It’s true. Fortunately, I don’t need to borrow $100,000, but if I did, he’d loan it to me. And I went to him one time to borrow some money, he said, “Now, brother, me, I’m going to tell you something. You, um, I’m going to loan you this money, but I’m going to tell you now you cannot borrow your way out of a hole.” I was like, “Wow, you cannot borrow your way out of a hole.” I never would have thought of that. And I submit to you that the reason you can’t, um, you can’t solve money problems with money is because money problems are not a cause; they are a symptom. And you can’t treat a symptom and cure a cause. It can’t happen. So what you have to do is you have to figure out, well, what is the real problem? And so if you desire to fix your money problem, don’t try to fix the money problem. In the money problem, fix the mindset. When you fix your money mindset, that is first base on the path to fixing your money problems.

Money Mindset

Now what do I mean when I say money mindset? Okay, well, mind has to do with thinking, right? Set has to do with something that’s automatic, like there’s a button in your car on your steering wheel when you’re driving down the road, and you set your cruise control, you set it at a certain speed. And so the cruise control mechanism does everything in its power to keep the vehicle moving at the speed that you set, right? When we want to regulate the temperature inside of a house or inside of a building, what we do is we set the thermostat. Well, I submit to you that you have a money thermostat, you have a money cruise control, you have a money autopilot. And if you find yourself consistently having more month left at the end of the money than you do money at the end of the month, the thing you’ve got to fix, or this problem will never go away, regardless of how much money you get, you need to fix your money mindset. And there are a couple of areas I’m going to go and draw some stuff on my blackboard, and I want you to get ready to wrap your minds around what I’m about to talk about over here.

Morality of Money

So when it comes to money mindset, when it comes to your money mindset, the first thing you got to address is your mindset around the morality of money. I’m going to tell you something; this right here is one of the things that keeps God’s people broke as a joke and ready to choke, stuck like Chuck in a pickup truck financially their entire lives because they believe that somehow there’s something inherently morally wrong with money, and more money means more bad stuff. And in fact, it’s such an infection that we believe that the only way to cure it is if I get a lot of money, I’ve got to give it away in order to justify that I made it in the first place. Well, I wish I had some help in here, oh Lord.

So what happens is we, we don’t even realize it on a conscious level. We’re pursuing bigger and better things financially. But on a subconscious level, we’re sabotaging ourselves. Or as Og Mandino said, “The path is smooth; why do you throw stones before you?” And the reason we throw stones before us is that somewhere along the way, somebody persuaded us to believe that in order for something to be right, it has to be hard to come by. In order for money to be good, you have to work hard for your money, right? How many of you heard that phrase before? Right, you got to work hard for your money, eight hours work for eight hours pay, whatever that means, right? As if everybody who works eight hours gets the same amount of pay. But the reality is, the reality is if you believe that money is inherently evil, bad, wrong, immoral, then what you’re going to do is you’re going to sabotage your own success because we will never work to become something we despise.

The Morality of Money (Continued)

letter in the Hebrew alphabet that is first and the letter bait is the second letter, which means father means God in the house. So when you look at the word father in Hebrew, it literally means God in the house. So it’s God’s intention for men to be providers. Now, here’s the thing. It doesn’t mean that women can’t provide. It doesn’t mean that women can’t be entrepreneurs. It doesn’t mean that women can’t make money. It just means that God has a special call for men to be providers. It’s not evil. It’s not immoral. It’s actually a noble calling. It’s a good thing. And when we understand that, when we shift our mindset away from the morality of money being inherently evil, we can start to embrace the idea that making money, being an entrepreneur, being successful financially is a good thing, and it’s not something we have to justify by giving it all away to charity.

Subconscious Programming

Now, where does this morality, this immoral money is immoral mindset come from? It comes from a lot of places. It’s in our programming because of the programming that we watch on the electronic income reducer, that’s one place it comes from, aka the television, right? It’s so interesting if you go back to the 1960s and you watch television shows from the 1960s, you will be hard-pressed to find a movie or a television show that showed an entrepreneur as an evil person. But in the 70s, Hollywood declared war on entrepreneurship, and they started showing movies and television shows with all of the arch villains being corporate business owners or entrepreneurs or salespeople. They’re all, there’s something wrong, immoral. So they got a lot of money, so therefore, they’re evil. It’s in superhero movies. You got Superman, who’s the poor little orphan on a farm, and then who’s his arch-enemy? Lex Luthor, the multi-millionaire. You got Spider-Man, the poor little orphan who’s raised by his aunt and his uncle. Who’s the arch-villain? The Green Goblin, the multi-billionaire. And then people say, “Yeah, but my Batman was rich.” I know, but he’s also the only superhero with no superpowers, right? Would you rather fly like Superman or have a bunch of cool gadgets in your belt? It’s all subconscious programming. And say, “Well, but what about Tony Stark? He can fly.” Yeah, but he’s also a narcissistic jerk. And so what they’re doing is they’re subconsciously programming you to believe that there’s something inherently wrong with money and to hate money. Even some of y’all can remember the song from back in the ’70s, right? “Money, money, money, money.” And what, it said something like, “For the love of money, people will sell their own mother.” So we have this subconscious programming that we’re not even aware that it’s operating because it’s operating in the background like an operating system in a computer. And what it’s doing is it’s sabotaging our success because we just don’t feel good about it. In fact, if you make a lot of money and you share with somebody that you made a lot of money, you justify it by telling them how much money you gave to an orphanage or how much money you gave to this organization or that organization or this charity. But the reality is you don’t have to justify making money. Entrepreneurship in itself is a noble pursuit. Entrepreneurship, like making money in itself, if you’re a good person, is a good thing to do. I’m so blown away that the Bible does not say if a man doesn’t attend church, he’s denied the faith and is worse than an infidel. But attending church is good. It doesn’t say if a man doesn’t pray, he’s denied the faith and is worse than an infidel. It doesn’t say that. But praying is clearly good. It doesn’t say if a man doesn’t read the Bible, he’s denied the faith and is worse than an infidel. And reading the Bible is obviously good, and we can go on and name all these good things that the Bible doesn’t say if you don’t do them, you’ve denied the faith and are worse than an infidel. But the scripture says, “If any man provide not for his own, especially for those of his own house, he has denied the faith and is worse than an infidel.” How can I possibly believe that providing for my family is some evil thing? And by the way, if I’m an entrepreneur, I don’t just provide for my family, I provide for my family and all the families who are part of the people who are on my team. I provide for all of those families. How can that be an evil thing? By the way, like the company that you work for, how can the fact that they provided you a job make them bad entrepreneurs? I love charity. I give to charity. I don’t give back to charity. I just give to charities because I didn’t get anything from the charities, so I’m not giving it back; I’m just giving it. And I don’t have to justify it by saying, calling it giving back. I don’t have to justify the money that I make by calling it giving back. Anyway, you can tell I have a little bit of an attitude about that, so I’m going to calm down, pump the brakes. But the reality is, why does the scripture say, why does the scripture say, why does the scripture say that a man who doesn’t provide for his own, especially those of his own house, has denied the faith and is worse than an infidel? It’s because God created us to be providers. It’s not evil; it’s not immoral. It’s a noble calling.

The Morality of Money (Continued)

says, “The love of money is the root of all kinds of evil,” also teaches us not to labor for it, not to lean on it, and not to love it in a way that supersedes our love for God and others. These are warnings about our attitude towards wealth, not prohibitions against having wealth.

It’s essential to recognize that money itself is a tool, a resource, and how we use it is what matters. We are called to be good stewards of the resources God blesses us with. When we have the right money mindset, we can use money for good, for helping others, for providing for our families, and for making a positive impact on the world.

Conclusion

In conclusion, the morality of money is a mindset that has been influenced by societal programming and misconceptions. It’s not inherently wrong to have wealth or to strive for financial success. Instead, it’s about our attitudes and actions related to money that determine whether it becomes a force for good or ill in our lives.

So, if you find yourself struggling with money problems, remember that the solution starts with your mindset. Shift your perspective towards money, view it as a tool for blessing others, and strive to be a wise and responsible steward of your financial resources. In doing so, you can work towards financial success while maintaining your integrity and values.

God’s Perspective on Gold

is a reflection of God’s nature. He is a God of abundance, and He created us to live in abundance as well. When we understand this, we can shift our mindset and stop viewing wealth as inherently evil or immoral.

Gold, in its context in Genesis, represents God’s provision and blessing for His people. It’s a symbol of His goodness and abundance. So, if we have a healthy perspective on wealth, we can use it to bless others, just as God intended.

In conclusion, it’s essential to recognize that money, wealth, and abundance are not inherently evil. Instead, it’s our attitudes and actions related to them that matter. By aligning our mindset with God’s perspective, we can embrace wealth as a tool for good and work towards financial success while maintaining our integrity and values.

Wealth as Proof of God’s Blessing

great abundance of wealth, and this gold is a tangible proof of God’s blessing on our family. So, gold is not just mentioned as an abstract concept but as something real, tangible, and tangible evidence of God’s favor.

The next time gold is mentioned is in Genesis chapter 41 when Joseph interprets Pharaoh’s dream. Pharaoh has two dreams about seven fat cows and seven lean cows and seven healthy ears of corn and seven withered ears of corn. Joseph interprets the dream, explaining that there will be seven years of plenty followed by seven years of famine.

Pharaoh is so impressed by Joseph’s wisdom that he appoints him as second-in-command over all of Egypt. And what does Pharaoh do to signify this high position? He takes off his signet ring, puts it on Joseph’s hand, clothes him in fine linen garments, and puts a gold chain around his neck. Gold is once again used to symbolize wealth, prosperity, and honor.

Now, why is all of this important? It’s essential to understand that God’s perspective on wealth is not negative. He blesses His people with abundance, and gold is a tangible representation of that blessing. It’s not about hoarding wealth or using it for selfish purposes; it’s about recognizing that God is the ultimate source of prosperity and abundance.

In conclusion, the Bible presents gold as a symbol of God’s provision, blessing, and honor for His people. It’s not about wealth for wealth’s sake but about acknowledging that God is the source of all good things, including material prosperity. By aligning our mindset with God’s perspective on wealth, we can pursue financial success while remaining faithful and generous stewards of His blessings.

Money as a Tool for Progress

productive, creative, and innovative. We are designed to make progress, not just to exist. Yet, many people are stuck in survival mode, just paying bills and getting by because they haven’t understood the real meaning and purpose of money.

Money is not just for paying bills; it’s a tool for progress. It’s a means to create, innovate, and improve our lives and the lives of others. When you see money as a tool for progress, it changes your relationship with it. You no longer resist it but welcome it as a means to achieve your goals and dreams.

Money allows you to invest in yourself, your education, and your personal growth. It enables you to create opportunities, help others, and make a positive impact on the world. When you understand the meaning and purpose of money, you stop chasing after it for its own sake and start using it as a tool to build the life you desire.

Now, let’s talk about the mechanics of money. How money actually works in the world. Money, in its essence, is a medium of exchange. It’s a way for people to trade value for value. When you provide a product or service that others find valuable, they are willing to exchange their money for what you offer. Money facilitates this exchange, making it easier for people to transact with one another.

Money also serves as a store of value. Instead of having to barter goods or services directly, people can save their value in the form of money and use it when needed. Money preserves value over time, allowing individuals to plan for the future, save for retirement, and create financial security.

Additionally, money is a unit of account. It provides a standardized measure of value, making it easier to compare the worth of different products and services. This common unit of measurement simplifies economic transactions and enables individuals and businesses to make informed decisions about how to allocate resources.

Understanding these fundamental functions of money helps demystify its role in our lives. Money is not something to fear or resent; it’s a practical tool that facilitates economic activity, growth, and prosperity. It’s a medium of exchange, a store of value, and a unit of account that allows us to create value, plan for the future, and participate in the global economy.

In conclusion, your relationship with money is influenced by your money mindset, your understanding of its meaning and purpose, and your knowledge of how money works. By shifting your mindset, recognizing the positive aspects of money, and understanding its functions, you can transform your relationship with money and harness its potential to achieve your financial goals and live a fulfilling life.

Money as a Resource for Multiplication

loan. So, I’m essentially using other people’s money to create wealth. That’s how the wealthy think. They use money as a resource for multiplication. They understand the power of leverage. If you only use your own money, you’ll grow slowly, but if you use other people’s money intelligently, you can grow exponentially.

Money, when seen as a resource for multiplication, becomes a means to expand your wealth and create financial abundance. It’s not just about paying bills or maintaining good credit. It’s about using money strategically to invest, build assets, and generate more income. When you have this mindset, you seek opportunities to grow your wealth and make your money work for you.

Now, I’m not saying that everyone should go out and borrow money recklessly. Wise financial decisions are essential. But the point is that money is a tool, and how you use it can make a significant difference in your financial success.

Another critical aspect of understanding money is recognizing the concept of financial stewardship. When you view money as a resource entrusted to you by God, it changes your perspective. You become a steward of your finances, responsible for managing them wisely.

Financial stewardship means making decisions that align with your financial goals, values, and principles. It involves budgeting, saving, investing, and giving generously. It’s about being accountable for your financial choices and seeking to honor God with your resources.

When you adopt a mindset of financial stewardship, you prioritize your financial health and make choices that lead to financial freedom. You stop squandering your resources and start using them intentionally to achieve your goals and fulfill your purpose.

In conclusion, your relationship with money is shaped by your mindset, your understanding of its meaning and purpose, and your knowledge of how to use it wisely. When you recognize money as a resource for multiplication and embrace financial stewardship, you can transform your financial situation and live a life of abundance and purpose.

Remember that money itself is not inherently good or evil. It’s how you use it and the values you attach to it that matter. Seek to align your financial decisions with your values and goals, and you’ll discover the true power of money as a tool for progress, growth, and impact.

Thank you for listening, and may you continue to grow in wisdom and abundance in your financial journey.

Money Mindset and Skills

In this segment of the video, the speaker discusses the importance of the right money mindset and skills for building wealth.

Money Mindset and Wealth Building

• “Debt are y’all tracking? I bought, I borrowed the money to buy this building, and I borrowed the money to renovate it, put it all on credit cards. I’m like, borrow this, borrow, borrow, borrow. Guess what, this studio, like just the money YouTube sends us between $37,000 and $50,000 a month. You know how much a mortgage is on this building? Five grand. Why would I take $600,000 that over the next five years could make me 10 million and pay for a building? So I can—I’m debt-free. I’ve got news for you, debt-free is still zero. Can hardly wait to get back to zero. I’m not saying there’s something wrong with being debt-free. I’m just saying if that’s your primary objective, you’re confused. This is where wealth begins to be built.”

Money Skillset

• “So, your money mindset, the morality around money, the meaning around money. I’m going to go to the next thing, which is your money skill set.”
• “When it comes to your money skill set, number one, you need to have creative skills. You need to be able to create something that somebody else values other than you. Wealth is not money. If you want to watch a really good video, watch the video I did called ‘Money is Not Wealth.'”
• “So, um, and I wrote ‘create,’ and I meant ‘creative,’ okay? So, creativity mindset, you need a creativity mindset.”
• “Number two, you have to have the skill set. You have to have business skills. Business skills like sales. What is selling? Selling is uncovering the value of what you have to offer so well that people are happy to exchange the money they have in their pocket for the value you’ve revealed.”
• “Number two, business skill, you need to have marketing. Marketing is the Art and Science of discovering and developing in other people a desire for more and more of your product, your service, or your opportunity.”
• “One of the biggest signs of a lack of business skills is your desire to sell what you want to sell and to create what you want to create instead of creating what the marketplace wants to pay for.”
• “Business skills also include money management. You have to be able to manage money. I’m blown away by how many businesses generate a lot of revenue, and they have no money. They’re either bad at collecting, they’re bad at terms.”
• “I set up the terms in such a way that if somebody doesn’t finish paying for me, my business doesn’t go out of business. I just know not to do business with them anymore.”

People Skills

• “You need people skills. So many business owners lack people skills, don’t know how to talk to people.”