How to "Pay Yourself First" and Why You Should Be Doing It

by Bryce Jackson Business Mentor, Success Coach

It's likely you and your family rely on your income for living expenses, unless ... You can protect your future income with the help of the following information

Most of the money in our economy is created by banks, in the form of bank deposits – the numbers that appear in your account. Banks create new money whenever they make loans. 97% of the money in the economy today is created by banks, whilst just 3% is created by the government.

A government is a group of people that have the power to rule in a territory, according to the law.

Whats does territory mean?
territory. ... Puerto Rico is a territory of the United States, for example. The noun territory can also be used to describe any assigned region or area, such as a salesman whose territory is the Midwest — that means that he's in charge of business in there.

The money that banks create isn’t the paper money that bears the logo of the government-owned Bank of England. It’s the electronic deposit money that flashes up on the screen when you check your balance at an ATM. Right now, this money (bank deposits) makes up over 97% of all the money in the economy. Only 3% of money is still in that old-fashioned form of cash that you can touch.

Who owns the money in your bank account?

You deposited some money in your bank account. You owned the money before you made the deposit. Do you still own it? Most people would answer “Of course I still own it. I did not give the money to the bank. I deposited it into my bank account, and it is still my money to do with as I please.”

Assuming you acquired the money honestly, you will continue to be the rightful owner after making the deposit. I think we can all agree this is the correct answer. Indeed, this is the moral answer, and there can be no other answer consistent with morality, but we must not confuse morality with legality.

When you own something, it means you have full control over the item, to do with as you please whenever you please – but government law pretends that more than one person can own the same item (specifically your bank deposit) at the same time. Clearly this is a physical impossibility. Two or more people cannot have full, complete, unconditional access to the same quantity of money at the same time.

Government Law, State Law, Authoritarian Law – we may use these three terms interchangeably. State law extends to banks the legal privilege of using your deposits to make loans to others without your fully informed consent. This privilege lays the foundation for a complex scenario which brings enormous benefits to the banks and the state.

Banks can create money through the accounting they use when they make loans. The numbers that you see when you check your account balance are just accounting entries in the banks’ computers. These numbers are a ‘liability’ or IOU from your bank to you. But by using your debit card or internet banking, you can spend these IOUs as though they were the same as $10 notes. By creating these electronic IOUs, banks can effectively create a substitute for money.

If you listened to some government ministers, you might assume that there’s a fixed amount of money in the economy, or that the amount is strictly controlled by the Bank of England.

But in fact, money is being created out of thin air all the time. And this process has hugely important implications for issues like housing, inequality and the environment.

Most of the money we use comes in digital form, as the numbers we see on our bank statements. This money is created by private banks like Bank of America and Wellsfargo when they make loans. They CREATE it by simply typing numbers into a computer – some might call this magic!

Create definition, to cause to come into being, as something unique that would not naturally evolve or that is not made by ordinary processes.

I believe that you should run your life like a business. You should do your best to manage your money so that you earn a "profit"

Unity is the state of different areas or groups being joined together to form a single country or organization. We have to act to preserve the unity of this nation. When there is unity, people are in agreement and act together for a particular purpose. Our Purpose is to Generate Cashflow for everyone.

Generate definition: To generate something means to cause it to begin and develop.

Learn how you can Lend money to many nations and will never have to borrow. A nation is a stable community of people, formed on the basis of a common language, territory, economic life, ethnicity, or psychological make-up.

Here is how you can generate and create some magic money for yourself. www.recyclingyourdollarsonline.com

There is also some evidence that economic empowerment can strengthen vulnerable groups' participation in the LADA Project 1024 which Uses a Artificial Intelligent Alternative Economic System that is Peer to Peer and Vertically Integrated backed by a 20yr old company.

Are You Ready to Change the World and be a Lender to many Nations and not a borrower?

A nation is a stable community of people, formed on the basis of a common language, territory, economic life, ethnicity, or psychological make-up manifested in a common culture. A nation is distinct from a people.side circumstances.”

Financial freedom means that you get to make life decisions without being overly stressed about the financial impact because you are prepared. You control your finances instead of being controlled by them. The path to financial independence isn't a get-rich-quick strategy.

The Law of Giving & Receiving. The universe operates through dynamic exchange . . . giving and receiving are different aspects of the flow of energy in the universe. And in our willingness to give that which we seek, we keep the abundance of the universe circulating in our lives. ...www.recyclingyourdollarsonline.com

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