How to Spend Your Tax Refund – FPUK.co

Tax refund
Hi Friends,
I’m sat in my office this morning thinking about what happened to a friend yesterday, when he told me he’d had a nice tax refund from Her Majesty’s Government, and what he was going to spend it on, but it made me start thinking.

What is a tax refund? I know it may sound silly, but I really want you to think about it. What is it?

A tax refund is just that – a refund of your own hard-earned money. It is not a random gift or a stroke of good luck. It didn’t just come out of nowhere… and it’s NOT extra money. It’s money you worked hard to earn.

According to research  half of us receive refunds, averaging around £1500 each. And while that may seem like a huge relief to some people, it may look like a free shopping trip to others. But today I want us to look at what it really is.

See, we all live in a total “microwave” society today, where we do what we want, when we want, just because we can, without giving any thought to our financial future. And where has that got us? We have traded our financial freedom for more stuff, more debt and more bondage.

We fall into the trap of “more-more-more,” until we find ourselves buried alive in debt. So many people are in constant financial strain, and yet we are more concerned about our stuff than we are about our long-term financial future!

I know right now you’re saying, “Okay Andrew, so what does this have to do with my tax refund?”

There’s one rule proven to be true over and over again, and it is true here. Find out what everyone else is doing and do the exact opposite. You may have heard me say this before: 98% of the population will end up dead or dead broke by the age of 65, dependent on their friends, family, or the government as their main source of income. On the other hand, 2% are doing well financially.

So what can you do to cross over from the 98% to the 2% this tax season? Here are a few ideas:

  1. Keep your goals in mind. When you get a large, unexpected (or expected) chunk of money in your hand, it can be easy to lose sight of the financial goals you have set for yourself. Whether you have a goal to pay off £10,000 of debt, give £10,000 away to orphans, or invest £10,000 this year, do not lose sight of that goal!
  2. Resist temptation. There are all kinds of sales and advertisements, and even articles from so-called “financial experts” giving tons of ideas on how to spend your tax refund this year. They are trying to sell you everything from new clothes to a new BBQ, video games, or even a deposit on a new car. I’m telling you, don’t go there!
  3. Invest. So instead of spending your tax refund foolishly, choose to put that money aside for investing! This way you have a chance to make your money work for you without the fear of losing big.

Here’s what I know about you. You are not called to be one of those people. You were designed for wealth and freedom. How do I know that? Because you are here right now, reading this. Because you have a desire to succeed financially. You have a desire to see your children, your friends, and your community live debt-free, totally financially independent lives.

I would love to know what you think about today’s message. Are you getting (or have you got) a tax refund this year? What do you plan to do with it? I can’t wait to read your comments. But I also have a few more ideas on how to spend your tax refund that I can’t wait to share with you tomorrow. Stay tuned!

I pray you choose wisely today to invest your time and money into building your future not destroy it.

Have an awesome day & stay blessed

Andrew

FPUK.co

Wealth v Greed

People have such a skewed idea of money and wealth. It always amazes me how people automatically assume wealthy people are greedy people. It’s really sad, because one of the biggest secrets to our financial success is actually the complete opposite of what most people think.

Today I want to show you a different side of wealth that has completely changed the way I think about money. It is actually what gets me out of bed every morning, the reason I go to work (and it’s not what you think).

See, money is just that – money. It’s not happiness, not love, not safety, not security, not a friend. It IS, however, a tool. It is a very powerful tool. You use it to buy food and clothing and shelter. You can use it to buy more food and nicer clothes and bigger houses. What is it all for? What does it all mean? How long will that last? How long will you be satisfied with that?

Probably not long. In fact, if that’s the way you choose to spend your money, there’s a good chance you will end up in debt and miserable. How do I know? Because I’ve been there.

When I started making a little bit of money, I started spending it. I had it all – the house, the furniture, the cars, the clothes. I had the best of everything. The bigger the paycheck was, the bigger my spending was. I was completely addicted to stuff.

But then one day, I had an experience that changed everything. I heard a voice that asked, “Who is this all for?” After going through the list, not for the kids, not for God – I realized I had been completely consumed with stuff and I was crippled by greed. I had it all, but I was so empty.

I told you I was going to share one of my biggest wealth tips today. It’s very simple, and it’s something I learned after being set free from the greed that plagued me.

I began to put purpose to money. I began to use the money NOT for more stuff, but to impact other people. And here’s what I found: When you have a vision for your money, when you have a purpose for making money, you will make more of it.

We sponsor children on a monthly basis, as well as widows, the sick, the poor, and those in the sex trade all over the world. That is why I do what I do. Not because I just love doing business training & building, or all the other businesses we have. I work and make money so I can take care of more homeless.

When you put purpose to money, you will make more money and be more productive. And why? Because you have a reason for going to work every day. You have a reason for working with diligence and excellence. You have a reason for producing results and increasing your value in the marketplace.

The work you do, whether it’s pushing papers, crunching numbers, teaching, making phone calls, or doing construction, is no longer just about the work. It has purpose.

When you have money, you can use it to impact others. Agnieszka and I know that is the real reason for our money, and for years we have used our money for that very reason. And you can do the same. You can contribute to communities you care about. You can build wealth that will impact future generations.

When your motivation is not just to make money, but also to truly serve, you will see incredible multiplication – with people, time, and money. That is when you will see yourself getting an amazing job, your bosses giving you promotions, and your business taking off. That is when you will see your investments double and triple, your houses sell unexpectedly, and your bank accounts growing. When you WORK and put PURPOSE to money.

So I want to ask you today – do you have purpose for your money? What gets you out of bed in the morning? Why do you go to work every day? Is it so you can just barely scrape by and take care of your family? Is it so you can have a nice house, fast cars, and lots of stuff? Or do you have a bigger vision?

Take some time to think about that. Talk to your spouse and your children about the family’s financial vision. As a family, decide what kind of impact you want to have in the world. I guarantee this will build strength, loyalty, morale, leadership, excellence, and diligence in your family.

It would also be a good idea to pass this message along to your friends, colleagues, and clients. You can forward the email and post this link on social media. And I would really love to know your thoughts, your vision, your purpose for money – leave me your comments here.

www.FinancialPeaceUK.com