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[00:00:11] Good Morning and welcome to MorningCoach.

[00:00:17] Today I am so glad you’re with us. As you know my name J.B. Glossinger and this is your personal evolution system. Thee place to get your day started right. Welcome, welcome,

[00:00:29] welcome, and I’m so glad you’re with me today as we are getting ready to rock episode three thousand one hundred or three thousand eighty eight, I added an extra hundred in there, three thousand eighteen. We will be there one day but right now we’re on three thousand eighteen.

[00:00:43] As you know it’s Prosperity and abundance day is a Friday so we put prosperity and abundance out to you. Sending massive love sending you massive abundance and as we learn from Katherine ponder all those years ago there is gold dust in the air and I’m sending it your way today as we get started.

[00:01:01] So as we get into today we’re going to talk a little bit about financial Risk and then living with percentages and for those of you who have done wealth 101 with me you know Friday’s is our day for organization in the group in the Financial Group. I always put a little tip or idea every Friday and that final Friday of the month is organization. It just gets us in the mindset over the weekend to make sure that we’re spending our Money properly and we’re organized with our money as we come into the weekend. OK so we definitely want to stay organized every Friday. Even with our abundant in prosperity and knowledge. OK. Very important. The other thing that we need to know for those of you that are in wealth 101 is that we live based on percentages. Now this is later on in the courses, actually month three as you get into it. But basically it means that we are structured and understanding where our money goes and I’m going to go over that in a minute, so you understand some of the things I do that help me kind of mitigate risk so that I can take some risks and have some fun out there. First of all we’re talking about financial risk and we’ve been talking about risk all week and understanding what can you bear. I mean what is your risk threshold. Some people love risk. They love to throw it all out there and whatever happens happens and they can live with it. Put it all on black on the roulette table or whatever happens happens. It’s good to go.

[00:02:24] Some people don’t like risk. They like security they don’t like the feeling of the chance they may lose everything and you need to know kind of what you feel with risk because that’s going to determine how you’re going to invest your money and your time. Right. A lot of people like I said are a little more conservative and so if you’re little more conservative then your investments need to be concervative. You know a lot of things have to do with energy and peace, and that’s a level two. We discussed that, how important that is, understanding where your energy goes and then how you have peace is so critical and if you’re disrupted from your peace because of your investments that’s a problem. I play around in everything, I have fun. Life is great and in my percentages I have a small amount of money that I always put away for my trading. This is not investing, this is trading this is more like gambling, I day trade, I have fun with it, I get a dope will mean fix from it because it’s exciting. Let’s put some money in there and go, and the other night I was sitting with Charles Burton a new friend of mine. Really great guy does productivity we’re going to have on the show he does evernote, how to connect all these systems, really cool guy and we were sitting there and we were just talking late at night after the meetings,

[00:03:38] and I was playing around with a theoriam the new coin and I’m putting some money in there and he’s going wow you just made all this money and in an hour, and we’re watching it go up, go up, and then we watch it go down, down, down, down, down, and I’m laughing about it and he’s like wow should I get in, should I get it.

[00:03:55] I’m like no don’t get in because unless you understand your risk ability and your risk idea it’s not as much fun as I was having because I can lose that because again I’m living on percentages and were going to go on that in a minute, but I’m living on percentages so that’s amount of money that if it grows it’s great, if it doesn’t grow, it doesn’t grow. It’s actually there for the dopamine fix. It’s there for the risk, it’s there for the ride, so you’ve got to understand can you handle that because if that would add stress your life and you’re going oh my gosh my gosh I lost 100 dollars and then oh my gosh I lost 200 dollars, Oh my gosh I lost a thousand dollars. You don’t need to be in that game. If you’re in there and it’s like I made a thousand and made it as you’re feeling great but then you’re just getting that dopamine rush and that’s all your focus is on then that’s a problem. That’s what we discuss that a lot of people get into these things and they’re not really risk averse, and all of a sudden all their attention goes there instead of on their core business and on their core career and the things they should be focusing on. So how do you handle that?

[00:04:56] You deal with percentages and we’re going to go into that in a minute. So first of all before we get into percentages we need to understand what can you bear. The other thing we need to know is what can you learn. OK so a lot of this of investment and dealing with money has to do with learning. You know I like Ray Dalio wrote a new book Principles is up on the New York Times best seller he’s one of the biggest investors that just made tons and tons and tons of money. I mean it comes in wheelbarrows. One of the things he does is he lives on principles again sort of like living on percentages. If you’ve never gotten to a point where you’ve started to accumulate more money it’s really hard to understand these principles right because it’s like man J.B. I can’t even live week to week. I’m having trouble. But once the money starts coming in you gotta start getting the percentages in place. It’s one of the reasons you’re living week to week because you got to change your financial, the way you’re doing things and nobody really teaches us. Nobody’s really helping people in this area. They just want to take your money and so I’m trying to really help you focus in and that’s why I put the wealth to one course and I say gosh if you’re having trouble when you get into the level two work with us I’ll get your goals and stuff organized.

[00:06:02] I’ll review them and then do the wealth 101 course and spend 15 minutes a day over three months to really get organized.

[00:06:10] I know it’s a challenge because I tell you do a spending journal and I tell you to get the spreadsheet organized and get percentages but once you go through that one time you understand it and you’ve got a structured financial plan 10 15 minutes a day.

[00:06:22] So if you’re struggling financially just do that commit to three months every day doing a little bit to get your finances organized and wouldn’t it be better to spend three months getting organized and have a plan than just continually figure trying to figure this thing out every day, and I just feel that strongly because believe me I was there, I was there, and I want to help you with that. You’ve got to understand what can I learn, what are the things that I can be an expert at, what are the things that you love, if you like crypto learn it, if you like stocks learn it, if you like podcasting learn it, if you like internet marketing learn it, if you like MLM learn what you love and then just throw yourself into it and then have the right expectations. If you love your career throw yourself into it if you’re a nurse if you’re a doctor throw yourself into it and then you can build some really unique ways to grow and then live by principles. It’s so important those principles are the things that you’re saying look I put 10 percent there put 10 percent there I’ll put you know 30 percent there, and I understand what I’m playing with. Again we’re going to get into principles in a minute. Are you a gambler? That’s another thing a lot of people are gamblers. There’s nothing wrong with being a gambler, but I’m going to give you some principles to stand by if you’re a gambler because there’s successful ways to gamble and there’s unsuccessful ways to gamble.

[00:07:36] Look those big casinos in Vegas aren’t built on winners, but just put it out there, and that’s most people because they don’t know how to gamble, and then fear. What is your fear quotient? How do you feel? Again we don’t want to create stress, financial stress is the worst. Why? Because it pulls you down into a lack, and when you get pulled down into lack you push money away you start doing things you don’t want to do right because you start doing things for money.

[00:08:01] The lack is what leads to so many negative things, people steal, people go into prostitution in many ways, people do a lot of things because they need money and I understand it but we want to get you away from that. How do you do that? You invest in yourself, you start learning, you start growing, you start living by percentages, you start putting things together, and now all of a sudden you are financially in a better place and that’s what I want to help you do OK. So let’s talk about these percentage, and I learned about these a long time ago. If you’ve ever heard my story I got into horse racing a little bit because a buddy of mine we had a horse called Sarava and Sarava was in Chicago and I wasn’t even into horse racing and he said you got to check this out.

[00:08:46] I was very young,

[00:08:48] I was just starting my career excuse me, and Sarava was running in the Belmont Stakes and he said you got to look at his horse. We looked at it was 71 70 to 1 which is crazy. Meaning if you bet a dollar you win 70 dollars. So we jumped on it and I told my mom about it. Told all my friends about it and Sarava end up winning. If you get a chance it’s funny. Sarava it’s s a r v R V R S A R R Sarava I’ve got to say a Saraya is now retired in Kentucky and I actually went to visit this horse because it was so much fun it got me into this world of gambling which I never would have got into. and he won. I’ll never forget because I was jumping up and down and I was broke and I won ton of money. It was crazy. I’ve just never had an experience like that and I was like man I can do this so I got into it in one of the benefits of getting into it is that I learned about managing a bankroll that real gamblers understand that they gamble in percentages, they don’t put all their money on something, a lot of people amateurs think they just load up on someone like they load up on Sarava. No, They know it’s 70 to 1. There’s a certain percentage and they’re looking to do the math and so I learned about this now in full disclosure I tried it for a while and I’m pretty good at it.

[00:10:05] I can make money but it became work and I didn’t want to sit at the track and be one of those people who read the form and sit there all day and try to figure out how to make money. I could, I could but it’s not my passion. This is my passion, but in doing it I learned this aspect of percentages and that’s why I’ve brought it back into life and it really works. Basically it’s this, you can’t lose if you’re always risking a certain percentage and you’re using the math to work for you. So what I tell you in month three is we get into the wealth and one course is that we need to start living on percentages meaning we always live on about 70 percent of the income that comes in we save 10 percent we put 10 percent to debt and we get 10 percent for fun or we do 5 percent for fun 5 percent for education.

[00:10:48] OK so every penny that comes in you’re divvying it up 70 percent of life 10 percent of savings 10 percent to 10 percent to fund. If we can get on that pattern you are going to build wealth because that 10 percent is going to be your savings. That’s savings you never touch, that’s investment. So when I talk about my percentages I try to live on 50 percent. OK. Then I spread it out differently. Your goal should be to be 60 percent if you get to 50 or 40 that’s fantastic. The less money you have to live on the more money you have to spread out into other things. So let’s say 60 percent so we have 60 percent that you live on that’s all your bills. You have 10 percent going in savings every month or every time a paycheck or every time a business transactions made you have 10 percent go into debt, and the beautiful thing is once you’re out of debt you have more percent to do whatever you want with. You have 10 percent that goes a tithing maybe a lot of people give money to their spiritual source. Right. That’s 10 percent and then maybe 5 percent education and then maybe 5 percent trading. OK so that’s kind of how I break it down is I take a little 5 percent, I put in an account that I could turn into a lot of money and I can be a trader, but it’s not going to hurt me.

[00:11:56] When I was talking to Charles Byrd and we were you know sitting you know having been having dinner or discussing things and having a tea I was like this doesn’t matter to me. I mean it matters it’s fun, I get the adrenaline rush but then that day it’s not going to hurt me because that 10 percent is going there, that 60 percent is going there.

[00:12:13] Does it take discipline? Yes but if you’re not making money then get disciplined, so many people want the easy way out and it takes time to get organized and structured. Now here’s the deal.

[00:12:25] I understand that when I’m talking about percentages and you’re living on 100 percent of your income and you’re saying JB but I’m living on 100 percent, 110 percent of my income that’s a problem, that’s a problem. We’ve got to get your budget fixed, we’ve got to get more income coming in and we got to structure things differently. That’s a hole that you’ve dug, and we’ve got to dig out of that hole and that hole is not going to be dug out in one day and it’s definitely not going to be dug out by rolling the dice and hoping that you hit on Bitcoin,

[00:12:52] or some other investment, we’ve got to do some strategy and structure. There’s a reason I could jump into a theoriam and get it for 600 bucks or 500 bucks what I got it for because I have money there. There’s cash there to play around with it and yeah it did shoot up the 4300 dollars and now it’s back down to a thousand but I’m still in the game because of House money but it’s not my money. It is but it’s investment money see the difference and there’s no stress there. I still get the dopamine rush like yes this is fun but I don’t have the stress. You’ve got to get your risk organized, and this is what will start you making money, but more importantly and this is the key is who’s going to bring you lifestyle.

[00:13:34] That’s why screen so much about the nut balance of getting organized. What happens is once you have the lifestyle then prosperity comes in your life because you don’t live in lack. So we can get really metaphysical now because it’s all about the energy you put in the money and when you’re scrambling you’re always worried and you’re always like Oh my gosh I’m going to lose or I need to get in this I’m going to miss out, obviously you don’t need to worry about any more because you got your percentages in place and you can have fun and then you don’t put out that negative energy you’re actually bringing prosperity into your life. It’s really exciting, and so that’s some basics around it. If you want to jump into wealth 101 you’ve got to join MorningCoach obviously for those of you that are members you just start in their and please if you’re struggling financially take the time to do it. I know it takes discipline in the first month is like writing down everything you spend hardly anybody does that, but that’s why they have money and you’re struggling because they’re willing to do what it takes to get the discipline and organization. And I get it. It gets frustrating. There maybe some people inherited money and this person did this. That’s their situation. Your situation and my situation, everybody’s situation is different. Believe me I had to eat dog food for two days. I’m not proud of it, it’s in my first book. I didn’t know what I had to do, any of this stuff,

[00:14:46] I had to live it and that’s why I can teach it,

[00:14:48] and I know it’s a challenge to do it. When you’re working two jobs and you’re trying to make the money and you’re trying to get ahead or your trying to build a MLM and you’re trying to work and you’re trying to build your dream and you’re reading this book and that book.

[00:15:01] You got to do the basics because the basics are what are what’s going to bring you that joy and that energy and bring you the freedom. Once you get it in place it’s in place and that’s why I think it’s so important. OK so awesome, awesome, A little spiritual stuff. Actually when we do the course of miracles in a day it’s not only spiritual it’s just breaking up your thinking again. I’m trying to get you a new way of thinking that brings just joy in your life. That’s what the ACIM does. We’re here on lesson 12 and it is the 12l and lesson 12 is pretty interesting because it says “I am upset because I see a meaningless world.” “I am upset because I see a meaningless world” meaning that it only means what you give it. We’ll get into that in a little bit later but it’s amazing when you start to think about this. What does it really mean?

[00:15:51] We get really deep here that MorningCoach we have the basics that we’re talking about financially but we get really deep if you think about that what does it really mean, and when you’re upset why are you upset?.

[00:16:01] Then of course it says I think I see a fearful world a dangerous world a hostile world a sad world a wicked world a crazy world. I am upset because I see a meaningless world what is meaningless is neither good nor bad. Why then should a meaningless world upset you? If you could accept the world is meaningless and let the truth be written upon it for you it would make you indescribably happy because it is meaningless you are impelled to write upon it what you would have it be.

[00:16:33] It is this you see in it, It is this that is meaningless in truth, beneath your words is written the word of God. The truth upsets you now but when your words have been erased you will see his.

[00:16:47] This is the ultimate purpose of these exercises powerful stuff right, were shaping our world were changing our world to bring peace and joy and happiness which in turn brings of feelings which then allows you to manifest things in your life which you will get into in level four. For now just keep working on the basics. Recognize that you could build some things get involved if you need help let us know, we can get you the resources what do you need in your particular life experience so that we can help you get the peace which then leads to a more meaningful world.

[00:17:22] Because right now you’re upset. Okay because I see a meaningless world. So a couple of times a day just say that and I guarantee that you’re having some issues with this and it’s cool. It’s the first time through the course but let’s keep working together through it because it is about the debt and that’s what brings the joy and the happiness and love.

[00:17:41] All right so get out there have an amazing day. I love you, I do, anything you need let me know, by the way any shelters that you know any women’s abuse places or anything domestic violence, get them to me

[00:17:56] because we’re working on that. I’m trying to build some relationships in that area because it’s something that my heart goes out to and we’ve got a lot of people at MorningCoach, when I speak a lot of people come up to me and say gosh that was me and I want to give them this outlet. OK so let’s do this thing, thank you for your help, thank you for the shares, thank you for everything. I love you I do, and I will be back with you tomorrow to get your day started right, I got my fighting conference I’m going to be off on conference all weekend but I will be here in the morning before I go. OK so get out there. Have a great day, and I will be back with more here on MorningCoach.com

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