This is the tenth article in a series of articles revealing the Myths that Keep Your Broke. In these articles, I will uncover the many myths that too many people believe. These myths can prevent you from creating wealth and complete financial choice™. Let’s start destroying them.

Myth #19: You Can’t Have It All

In Myth #18, I talked about how you speak matters, especially to yourself. This idea really goes hand-in-hand with the idea that many times we think we live in an either/or world. Either/or thinking says that if you have wealth, maybe you have to sacrifice happiness. However the wealthy know that although money doesn’t buy happiness, you can be both wealthy and happy.

It all starts with how you frame the question. If you ask yourself “Why can’t I buy a new car?” you will spend hours thinking of all of the ways in which you may not be able to succeed.

Likely your answer will be something like, “Well, I can’t have a new car because I need to pay for Sarah’s braces and replant the lawn this year.” Now if you ask yourself the same question with the word how instead of why, you could have an entirely different conversation.

By asking yourself “How can I buy a new car,” you will be forced to brainstorm solutions. This is what the wealthy do. They frame questions to find solutions.

I recently watched a comedy special on Netflix with Ellen DeGeneres. It was fun and enjoyable, and she made many jokes about her success and wealth. But there was a serious moment that explained to me exactly why Ellen is both successful and wealthy.

Ellen told a story about how when she was only twenty-one-years-old, her girlfriend died in a car accident. It was her first serious relationship. After her death, Ellen found herself living alone in a flea-infested basement apartment. Everything felt lost.

Yet despite this tragedy, Ellen didn’t focus on why this happened or why she moved to L.A. in the first place. She focused on how she could still realize her dreams. It was at this moment that she wrote her first comedy act. From there she kept focusing on the how; how to move on, how to realize her dreams, and how to get out of that sad basement apartment.

This is certainly an extreme example, but we all know how wonderful Ellen’s life turned out. So in many ways, it is a perfect example of the fact that anyone can have it all. You can face even the worst challenges, and rather than asking why, if you ask how, you will be forced to find solutions.

When I was fifty-years-old, twice divorced and the single parent of two children, I had no savings, and the future looked bleak. I could have asked, “Why are these things happening to me?” The answers would have been, “You don’t work hard enough, or you’re not smart enough, or you don’t deserve it.”

Instead, my coach reminded me to ask the right questions; “What can you do to become wealthy? Where can you find happiness?”

With these questions, the right answers showed up. Today I have an amazing wife of twenty years, financial wealth and prosperity, and I am grateful, fulfilled and happy.

You really can have it all! What do you want?

Myth #20: I Can’t Afford It

Many people live with either/or thinking. This idea really goes hand-in-hand with your thinking about what you can and cannot afford. What I will discuss here, is about the thinking that you cannot support yourself and donate to charity.

When you feel you can’t afford to donate to charity you are operating with a scarcity mindset. I can’t explain how it works, but when I made my first big donation to Shelter To Soldier, it was as though the universe said to me, “Oh, you like to donate to charity. Here, have more money.”

I know there are religions that have their followers tithe on a regular basis. I can’t speak about what happens for others, only what happened for me.

Quickly, after I set up my Wealth On Any Income coaching program, I decided to donate 100% of the profits to charity, specifically to www.ShelterToSoldier.org. This organization saves two lives at a time.

Let me explain: Many of the soldiers who are protecting and defending the United States in very dangerous parts of the world come home with Post Traumatic Stress Disorder (PTSD) or Traumatic Brain Injuries (TBI). And they do not get the level of support from our Veterans Administration system to overcome this trauma. The result is that almost every hour of every day a returning soldier commits suicide.

When it comes to dogs, these animals that have a purpose in life; whether it is to be a loving pet, a working animal, or a service dog, they are euthanized by the thousands daily.

www.ShelterToSoldier.org rescues dogs from shelters, or off the street, and if they meet the size and personality requirements to be a service dog, they are trained over a period of 12 to 14 months, and paired with a soldier that the VA certifies to have a service dog. Then the soldier and dog are trained together.

Unfortunately, the VA expects the soldier to buy their service dog and they can cost $25-$30,000 each. How can a soldier who can barely function in civilian life, who may be home-bound, who may stutter so badly they cannot communicate with their own family, be expected to buy a dog for $25,000?

So www.ShelterToSoldier.org provides the trained dog and trains the soldier for free. And they are cost-effective: For $15,000 they house the dog, feed the dog, train the dog, pay for veterinary care, pay the trainers, and house and train the soldier to use their dog most effectively.

My first donation was $1000. My next donation was $12,000. My next donation was $15,000 and my next donation was $30,000. For some reason the more money I donated, the more money that came into my life. As I said, I can’t explain it.

Also, I cannot explain how electricity works. But if I want to turn on the light in a room, I know how to flip a switch and get light. I don’t need to know how electricity makes a light work; all I need to know is how to turn it on. It seems to operate the same way with donating to charity. The more I donate, the more money flows into my life. I no longer have the conversation that I cannot afford it.

If you are interested in donating more money to some charity that is important to you, and you want to learn how to handle money more powerfully and create wealth, visit https://wealthonanyincome.com/tedx/ .

To Your Prosperity,

Rennie

Author's Bio: 

Often in the media and in a recent TEDx Talk, Rennie Gabriel supports individuals and business owners to create work as a choice, instead of a requirement, just as he did for himself. Rennie had gone broke twice (two divorces), but using the same concepts published in his book, Rennie created more wealth in each recovery than what he had prior.

As a highly rated instructor at the University of California in Los Angeles (UCLA), Rennie uses his award-winning, best-selling book, Wealth On Any Income, to teach effective money skills from both the emotional/psychological aspects as well as the practical components. His book has been translated into five languages. Rennie is a retired Chartered Life Underwriter (CLU) and Certified Financial Planner® (CFP®) and often adds BFD to his credentials.

His extensive knowledge of real estate and finance is useful not only to those who own or invest in real estate but to anyone striving for a better life by trying to achieve financial freedom.

His clients range from financial professionals, like CPAs, stock brokers, and financial planning firms, to entrepreneurs in the transformational space (coaches, authors, and speakers). He also works with large organizations like the FBI, American National Insurance and Toyota Motors.

After 40 successful years in financial services, Rennie now works to donate 100% of the profits from his speaking fees, wealth programs, books and business coaching to charities, the primary one is www.ShelterToSoldier.org where dogs are rescued, trained and donated as service animals for soldiers with PTSD and TBI (Post Traumatic Stress Disorder and Traumatic Brain Injuries)