The Wealthy Spirit Insider

    Ten More Stupid Things People Do to Mess up Their Money

    Posted on September 26th, 2014 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    264-September 26

    “Courage is being scared to death but saddling up anyway.”—John Wayne

    After I was set to appear on the Dr. Laura Show, they decided to add another segment—they wanted me to do a “man-on-the-street” type interview à la Jay Leno. I had to think up some questions to ask people about money that they might have funny responses to. My research team of poker players came up with: “Whose picture is on the $10 bill?” (Alexander Hamilton); “What does ‘FICA’ stand for?” (Federal Insurance Constitution Act—this is your contribution to Social Security); “What does the ‘k’ in ‘401k’ stand for?” (nothing—it’s just a section of the tax code); among others.

    The day of the filming, I had to talk myself out of being nervous. I did affirmations all morning. I convinced myself that I was born to be a roving reporter, that I was a natural, that I was perfect for this. So when I arrived at the Third Street Promenade in Santa Monica, I was ready to “act as if” I had been doing this a long time. I met the film crew and we had fun interviewing various people at the mall. After the first few “takes,” they asked me if I had done this before!

    Two days later, another “Real Black Limo” picked me up to film the show in front of the studio audience. Once more, I practiced affirmations and acted “as if.” Just in case we needed them, I prepared “Ten More Stupid Things”:

    1. Buy stocks on a hot tip from a friend.
    2. Pay $65,000 to climb Mount Everest. Best-case scenario: They’re hungry, cold, and in need of oxygen. Worst-case scenario: Death.
    3. Give their life savings to a con man in exchange for his “winning” million-dollar lottery ticket.
    4. Day trade on the stock market—then panic and sell everything at a loss the first time the market takes a dive.
    5. Buy designer water.
    6. Believe that a bank will loan them money just because they have a good business plan.
    7. Buy life insurance when they’re single.
    8. Undercharge for their product or service and “make it up in volume.”
    9. Save millions while living a lifetime in poverty, then die and leave it all to heirs who travel first class.
    10. Buy the cutest house on the block in a bad neighborhood.

    You’re not guilty of any of these, are you?

    The filming of the show went very well. Everyone connected with it was friendly and helpful. It was a pleasure. Affirmations and “act as if”—an unbeatable combination. Remember that.

    Today’s Affirmation: “I do a great job at whatever I choose to do!”

    My friend Gary Tharler sent me this note:

    The geneticist J.B.S. Haldane said that new ideas have four stages of acceptance:

    1) This is worthless nonsense;

    2) This is an interesting, but perverse, point of view;

    3) This is true, but quite unimportant;

    4) I always said so.

    And that’s how human beings work through change!


    Working for Less

    Posted on September 25th, 2014 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    268-September 25

    “Everything comes to him who hustles while he waits.”—Thomas Edison


    “Chellie, your workshops are always full! How do you do it?” exclaimed my friend, Marti, at the networking meeting. “Would you be willing to coach me on your sales techniques?”

    I said that I would be happy to, and arranged to meet with her. Soon after that, two other people approached me at the same meeting for the same reason, and I said to myself, “Sounds like I should do another workshop!” and the $ecrets of $elling seminar was born.

    The class was designed to be a three-hour session on Saturday morning, and I charged $65 for it. My thought was that everyone who wanted to come to my Financial Stress Reduction Workshopâ but didn’t like the $1,000 price tag, would flock to this class. I figured this would be an easy enrollment!

    Nothing could have been farther from the truth. I quickly discovered that it took just as much time, trouble, energy, networking and follow-up to enroll someone for a $65 class as it did for a $1000 class. Then I did the math: It took fifteen sales class enrollments to equal one financial class enrollment. So I did fifteen times the work and spent fifteen times as many hours to make the same money, plus I gave up my Saturdays. More hours—less money. Not my concept of smart. I had forgotten that another seminar leader once told me, “The more you charge for your workshop, the easier a time you will have enrolling it.” I have found this to be true. There is a perception that if it’s expensive, it must be good. I was either going to have to raise the price of the sales class, or stop teaching it. Since all the extra work was taking a toll on my time and energy (and I hated giving up my Saturdays!), I decided to put the sales class aside for the time being.

    Stop right now and do your math. Each task, each product, each business has a profitability factor. Look for the one that is taking the least time and bringing in the most money. And do more of that.

    Today’s Affirmation: “I work smarter and richer every day!”

    Once I had a client in my class who was a seminar leader. She complained to me that she filled up her 6-week seminar but she still wasn’t making any money.

    I asked her how many people she had enrolled and much she was charging. She said she had 10 people and charged $125.

    I said, “Well that’s not enough is it?”

    She said, “No, that’s the problem.”

    So I asked her, “Who picked that number?”

    She stopped in her tracks, looked at me and said, “I guess I did…”

    “Right. So pick a different number!” I exclaimed.

    People often charge low prices in the mistaken belief that price is the determining factor in whether or not people will choose to buy their product or service. But that isn’t it. It’s the value of the benefits provided and the urgency the consumer feels to have these benefits that creates the sale. As a salesperson, you have to get really good at helping people get past the pain of paying  the price to seeing the pleasure of the benefits they will receive after the purchase.


    Posted on September 24th, 2014 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”


    267-September 24

     “I love the winning, I can take the losing, but most of all, I love to play.”—Boris Becker

    Human beings seem to have an innate competitive nature. We love our games, scorecards, and winning. The world of football, baseball, soccer, tennis, golf—indeed, all sports—are predicated on the supposition that all people are not created equal, and we love to see the differences at play. Competition spurs us on to be the best we can be—complacency is not an option if you expect to be outstanding in your field. Or even in the field.

    A while ago, after receiving my second moving violation in the space of two weeks, I had to go to traffic school. (Oops, I had a negative affirmation in my consciousness that told me I was a bad driver, but now I am a good driver.) Traffic school was held at the Comedy Store, and a comedian named Dave was our instructor for the day. He understood the nature of competition very well. He divided us into groups and created a team competition for getting the most right answers as we studied the California vehicle code. We got extra points for creativity, so that perked me up. If we knew a joke that had traffic in it, we got extra points for that, too. The person with the most points at the end of the day would win the prize: a TicTac. Not a box of TicTacs—one TicTac.

    Amazingly enough, I knew a traffic joke: There was a terrible accident when the tortoise ran over the snail. At the hospital, they asked the snail what happened. He said, “I don’t know. It all happened so fast…” Bingo. Extra points for Chellie.

    It didn’t matter what the prize was—it was a competition and lots of us wanted to win it. Creating a game out of being in traffic school turned what could have been deadly, dull, long, boring day into fun. The energy in the room was high and eventually everyone caught the spirit. We laughed, we paid attention, we outdid each other trying to win the most points. Every so often, when the competition got a little fierce, Dave held up the prize and reminded us: “Relax! It’s just a TicTac!”

    Competition creates excitement. Hearts pound, adrenaline rushes, voices raise and everyone wants to win. Even a TicTac. Put some competition into your life—try to outdo your own best performance. Pick a prize to strive for. And reward yourself with it when you win.

    P.S. I won the TicTac.

    Today’s Affirmation: “I love to play, have fun, and win!”

    The Law of Karma

    Posted on September 23rd, 2014 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”


    266-September 23


    “You can preach a better sermon with your life than with your lips.”—Oliver Goldsmith

    It’s been said that whenever you point your finger at someone else, you have three fingers pointing back at you; that you can’t even recognize a fault in someone else unless you also have it in you. Just for today, try not to point a finger at anyone else’s character defect. We all have failings; what we’re supposed to be working on is our own.

    Yes, you may notice those sharks in the water and have wonderful suggestions of how they might change to become a dolphin. But if they’re a shark, they aren’t going to listen to you. They might turn around and point out some shark-like behavior of yours. And that tuna crying on your shoulder—when was the last time you shared a victim story of your own?

    Today, when you notice someone’s lack, limitation or fault, instead of pointing it out to them, or calling a friend to complain about them, look at your own life and see where you manifest the same quality. Then make your helpful suggestions to yourself, not to them.

    Ah. Self-improvement. The only improvement plan with a chance of success.

    Today’s Affirmation: “I am better and better and richer and richer every day!”

    One night, I when I got home from playing some poker and losing some money, I wasn’t very happy. I went over my losing plays and saw where I could improve my game, and tried not to beat myself up for playing poorly, vowing to improve.

    I checked my email, and to my horrible surprise, found a note from a woman reading “The Wealthy Spirit” who was depressed and talking about suicide, saying she had done everything she could to improve her life and nothing was working. “Well I have done all I can to make my life work…I wish the things I practiced from your book and emails had worked. They don’t…”

    Yikes! I am not a suicide counselor, nor a psychologist trained to handle people with depression that deep. I also didn’t know whether or not this was some new email scam that would result in a plea for money…I have to admit I was a bit resentful at having a stranger throw her desperation on me, like a high school athlete throwing a slushie on a “Glee” cast member. What? It’s my fault that she’s in the spot she’s in because the advice in my book didn’t work for her? I have to drop everything in my life now and try to help her save hers?

    I wasn’t in a good mood to begin with and her letter made me grumpy. I was aware that the letter I started composing from that reaction wasn’t going to be appropriate. I didn’t want to answer her from that place. I’ve found that the best thing for me to do when presented with a dilemma like this is to sleep on it, because I always seem to have more clarity in the morning…

    When I woke up this morning, I sent her my answer:

    No, clearly you haven’t done all you can to make your life work. You need to see a psychologist who is trained to deal with depression. You may have a clinical problem that no self-help can address. Have you done this?

    I am sorry you are in pain about your situation, but if you look closely, you will probably be able to see how you got yourself there. And you if you got yourself in it, you can get yourself out.

    Never make a permanent decision while in a temporary state of mind! Besides, taking your life doesn’t work anyway. I believe in reincarnation, so whatever problems you don’t solve this life, you just have to come back, set it up all over again, and solve it then. You don’t want to do that, do you?

    If you have a terrible relationship, get yourself to a battered women’s shelter like Haven House. Call a suicide hotline. Go to a 12-step program and talk with one of the leaders. You’re depressed, and we all get like that sometimes. If you’re reading “The Wealthy Spirit” or my blog, you know I’ve had some bad stuff go down in my life, too. I love what Mary Pickford said, “If you have made mistakes – even serious ones – there is always another chance for you. For what we call failure is not the falling down, but the staying down.”

    Eat some chocolate, take a walk on the beach, go volunteer at a soup kitchen like the Los Angeles Mission, or a children’s hospital, or a hospice and help someone who’s even worse off than you. That will give you some perspective.

    Good luck! The next time I hear from you I want a report of all the ships you sent out to heal your life. You can do it!! And you’re going to feel so good about it!



    It’s a little “tough love” mixed in with a little compassion. I hope that it helps. But I’m not in charge of whether it does or not. I am only in charge of dispensing the advice I have, and since she contacted me, I can only assume that’s the advice she needed.

    I have endless advice, support, and compassion for people working to improve their lives. I don’t have much for people who give up on their lives. So if you want to be a Tuna victim and whine and complain about your lot in life, I don’t have anything for you. But if you’re willing to do the work to change it, I’ve got lots. Cogratulations to all of you who are reading, studying, practicing, and working on your lives. I’m on your team!

    The Workers in the Vineyard

    Posted on September 22nd, 2014 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    265-September 22

    “For everyone who asks receives, and everyone who searches finds, and for everyone who knocks, the door will be opened.”—Matthew 7:8

    I love the parables in the Bible, the Sufi stories, and all the metaphysical teaching stories Wise and Holy Ones have shared with us through the ages.

    Sometimes they make me tear my hair out, however. The one in the Bible about the workers in the vineyard bugged me for years. This is the story about a man who hires laborers early in the morning to work in his vineyard. He agrees to pay them each one denarius. Later in the day, he hires additional workers and pays them one denarius also. Then, in the evening, when the day’s work is almost done, he hires some more workers. And—you guessed it—he pays them one denarius. I just didn’t get it. It just wasn’t fair that some people only had to work an hour to make the same money that the others worked all day to make. What was this about?


    Sort of like the story of the prodigal son, too, whose father killed the fatted calf in celebration of his return home, when the dutiful son who stayed and worked with his father the whole time never got such a celebration. Poor guy. Where’s his party? What’s the message here?

    To confess to you truthfully: It is only now, as I write this page for the third time, that the door to understanding slowly creaks open, and light begins to pour through the crack. When I began, I thought this story was about money and fair wages. But here is the truth this story holds for me now: No one is better than anyone else. Begrudge no one their denarius or fatted calf. Begrudge no one God’s mercy or forgiveness. Celebrate the return of every prodigal one. Rejoice that everyone has a denarius to spend. Welcome everyone to wealth, spiritually and physically, early or late. Who knows? The latecomer—the prodigal one—may be you.

    Today’s Affirmation: “I rejoice in God’s glorious bounty, in which we all share.”

    Today’s guest blogger is a dear friend, Beca Lewis, coach and author extraordinaire. I read this article in her  newsletter and asked if I could share it with you. Enjoy!

    Back From The Future Into The Now

    It happened again last week. I  got up one morning and my computer had reset its time clock to 2099.

    Everything on my computer was blinking in alarm because all my software programs, and protective services,  were completely out of date. To the computer the last time they had been updated was 2011 – 88 years earlier!

    However, obviously there wasn’t anything really wrong. It wasn’t 2099. The alarms occurred based on a false reading. No matter what the computer said, or thought was true, it was still 2011. Since this had happened before I knew what to do, I simply reset the clock back to now.

    So often, our personal lives are set in future-time. 

    Instead of being present now, our thoughts are in tomorrow, or a year from now, or when the house is bought or sold, the kids grow up, our parents pass away, when the job is gone; the list is endless isn’t it?

    With our lives set in future-time, alarms go off, or in our case, fear goes off, entangling our thinking in its web, and bringing future fears into the present and making them appear real.

    As a result, we are less and less likely to pause and observe our beliefs in order to relinquish any that do not match the universal Truth of Love’s constant provision.

    Instead we are inclined to rush around trying to fix or understand a situation that only exists because we chose to advance into the future rather than stay in the present awareness of provision now.

    This rushing around, whether it is physically or mentally, compounds the problem.

    If we are successful at “fixing” the situation – like earning enough money to be current on the rent, or appease an unhappy relationship issue – we may think that the problem is over, when it is simply dismissed for the moment.

    It is waiting the next time we future-project and let fear in the door.

    If we are not successful at “fixing” the situation, then guilt, anger, or depression might set in because we don’t know what to do and we feel helpless. This increases the fear because of our perceived inability to make things right.

    How I fixed the computer, is exactly what we can do when we find ourselves future projecting and feeling fear.

    We can reset ourselves back to now.  The question is how to reset – and to what “now”.

    The now we want to come back to is the present awareness of the constant provision that is always taking place.  We find that now of constant provision by calming down and moving our awareness into the consciousness of the present.

    Notice your breath, notice the movement of the wind, the radiance of the sun, the comfort of the clouds.  Listen to the birds, notice that they are always in the now, and are constantly aware of their provision.

    These symbols of constant provision only hint at the overflowing abundance that is present for us, and as us, in every moment – and we access it by slowing down and feeling its presence.

    Many years ago in a moment of complete panic as I future projected how our family would be able to live with no money; I stood under a tree and actually looked at it. I noticed how many leaves it had, its presence, and stability.

    I noticed the giving and receiving that it lived as, and in that present moment realized that all provision for all of divine Mind’s ideas – and that meant my family too – was always available.

    I still go back to a tree when I find myself out of the moment and into false human fears projecting itself as my thinking.

    Resetting ourselves back to current time takes practice. We are in the habit of not being present, of being too busy, of listening to projected fears and taking sides.

    This practice will remind us that fear has no more power to do anything than the computer when it is not turned on.

    Instead of the habit of future projecting, we can learn and practice the habit of recognizing that no provision has ever reached us without it first being a quality of divine Love. As we ponder this idea, we can see that this is the way to reset ourselves back to the idea of just One, present now and always giving.

    Let the consciousness of constant provision guide you as to what action to take. Follow the still quiet voice that leads away from the projected future and back to the solid foundation of now.

    This will take care of what we perceive as the future in glorious ways we cannot yet imagine, and will only be able to see as we reset ourselves back to consciousness and awareness of the  constant, eternal, unlimited Principle of provision provided by divine Love, to everyone unconditionally and at all times.

    © Beca Lewis 9/20/2011

    Short Bio For Beca Lewis

    As an author, coach, and speaker, Beca Lewis is dedicated to bringing Universal Spiritual Principles and Laws into clear focus. She has been teaching how to do this in her system called The Shift® for over 35 years. More about this system can be found at The She is the author of numerous Ecourses, articles, and books including A Woman’s ABC’s of Life: Lessons in Love, Life and Career from Those Who Learned The Hard Way.  Her book Living in Grace: The Shift to Spiritual Perception outlines her complete system of The Shift®.  Her latest book is called: The Four Essential Questions:  For Choosing Spiritually Healthy Habits.


    Ten Stupid Things People Do to Mess up Their Money

    Posted on September 20th, 2014 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    263-September 20

    “Money in the bank is like toothpaste in the tube. Easy to take out, hard to put back.”—Earl Wilson

    “Chellie, call this producer right now!” Felicia said. A producer named Lori was looking for a “money expert” for the Dr. Laura Show, and Felicia had told them about me.

    I thanked her profusely, called Lori, and faxed her my information. An hour later, Lori called me back and said yes, they wanted to have me on the show. Great! Then she said, “Think up something fun to do with Dr. Laura for six minutes. Call me back at six o’clock tonight.”

    It was noon, and I was leaving for Las Vegas at two o’clock with four friends for our annual Super Bowl weekend trip. This was a short-notice request, but at least I had more than the thirty-second elevator opportunity! I did some quick research on Dr. Laura Schlessinger on the Internet, and discovered she had written two best-selling books, Ten Stupid Things Women Do To Mess Up Their Lives, followed by Ten Stupid Things Men Do To Mess Up Their Lives. So I thought I could do a take-off on that: “Ten Stupid Things People Do To Mess Up Their Money.” I started writing on the plane. After I checked into the Mirage Hotel and joined a game in the poker room, I asked for contributions from my friends and the other players. Here’s what we came up with:

    1. Buy clothes that are too small because their diet is really going to work this time.
    2. Spend two hours driving forty miles to use a ten-cent coupon.
    3. Spend $100 to get a $30 tax deduction.
    4. Forget to notice when the 3.9 percent credit card goes up to 23.9 percent.
    5. Get a second mortgage to pay off the credit cards—then charge the credit cards up again, too.
    6. Believe they can make millions just working a few hours a week in their spare time.
    7. Spend $200 on something they don’t need but think they saved $30 because it was on sale.
    8. Marry someone without asking the amount of their credit card debt, school loans, alimony, or child support.
    9. Work twenty years at a job they hate just to get the retirement benefits.
    10. Buy the two-gallon drink at the movies so they can get the free refill—then spend the whole movie in the rest room.

    I called Lori on time, told her my idea and read her the list. She laughed, Dr. Laura approved it, and I was scheduled to make my national television talk show debut.

    I reached several conclusions from this adventure: first, you never know when your ship is going to come in, so it pays to stay flexible; second, it’s not who you know, it’s who knows you, so be sure you’re networking; and finally, help is available all around you, wherever you happen to be. All you have to do is ask.

    Today’s Affirmation: “I have control and power over my life and my money!”

    I have to sheepishly admit that whenFelicia first suggested I call the Dr. Laura producer, I “yeah, butted” her. “Oh, I’m not ready for that yet,” I said. “My book isn’t going to come out until next year.” Felicia was a little impatient with me and bottom-lined me with, “And being on television would be bad for you because…?”

    Well, I had no answer for that, so I made the call, even though it felt outside my comfort zone. Don’t we all do that? Drag our feet and “yeah, but” and find reasons NOT to act? I guess it’s just that hard for human beings to break from their routine…

    Not only did I have fun doing the show, got great experience, a good credit for my resume, and a wonderful clip for my video reel, but I got to write this page for inclusion in the book. And that paid off down the line when my book did come out, and the producer of the Dr. Laura radio show contacted me about having my book selected as one of Dr. Laura’s Book-of-the-Week selections.

    Dr. Laura had been bemoaning the fact that several of the books she selected as her choices hadn’t quoted her, and that gave Michelle the ability to open the door for my book, “Here’s a fabulous book that devotes two pages to you.”

    Dr. Laura enjoyed these pages and the book, and “The Wealthy Spirit” was chosen as a Book-of-the-Week and gave me a 2-minute testimonial on her show that has 10 million listeners!



    Credit Card Management

    Posted on September 19th, 2014 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    262-September 19

    “I’m living so far beyond my income that we may almost be said to be living apart.”—H.H. Munro

    Credit cards can be wonderful, useful tools of convenience when used correctly. Toni Morton, an office manager at my bookkeeping service, shared a great way to manage credit card expenditures and stay debt-free. Every time she used her credit card, she deducted the amount of the charge from her check register, just as if she had written a check. She never used the card unless she had the money in her checking account. By deducting the amount when she made her purchase, she always had the money to pay the card off in full each month when the bill arrived.

    For example:

    Date                For                         Amount        Bank Balance


    4-1                   Rent                          $700             $1,300

    4-2                   Groceries               $100             $1,200

    4-3                   Credit card            $100*           $1,100

    4-6                   Credit card            $50*             $1,050

    4-10                 Car payment        $250             $800

    4-15                 Insurance              $100             $700

    4-20                 Personal care      $100             $600

    4-20                 Groceries               $150             $450

    4-21                 Credit card            $100*          $350

    4-25                 Utilities                  $150             $200

    4-27                 VISA bill               $250*           $200

    * $250 already deducted

    But credit cards are doom to your budget, your bank account, and your financial future if you go “shopping for love” without the money to pay your credit cards off in full each month. Grocery stores take credit cards because it has been proven that consumers spend 20-30 percent more if they use a credit card rather than cash. You need to think of credit cards as debit cards, with the money coming right out of your bank account.

    If you don’t have the cash, don’t use the card!

    Today’s Affirmation: “I have fun with my funds because I manage them well!”

    I got the idea to do this book as a page-a-day book while I was driving in the car, thinking about all I knew and taught in my Financial Stress Reduction® Workshops and how best to communicate that in a book. There are many financial books in the financial section of the bookstores – but most people avoid them in droves. They look too hard, are too condensed, too focused on facts and figures and hard work. I knew that entertaining stories with a money twist to them were the best way of teaching this material.

    Like a bolt of lightning, suddenly I made the connection between the little booklet “The Daily Word” published by Unity Church and the book I wanted to create. “The Daily Word” is just a small page for each day with an encouraging message and a quote, and I have been reading it since the 70s. And so “The Wealthy Spirit” was born…

    Here is a recent passage from “The Daily Word” that I found very helpful. It’s referring to your spiritual practice, but it applies to your financial practice, too:

    “My spiritual practice is a journey, not a destination. Sometimes I put pressure on myself to be the perfect expression of God. I imagine I must meditate in a specific manner, pray in a certain way, or connect with Spirit using one technique or another. I tell myself I must be a perfect spiritual student and role model at all times.

    No wonder I feel like the weight of the world is on my shoulders! When I pause in the silence, I realize this is a spiritual practice and I am a work in progress. Each day I set the intention to be my personal best and then I take authentic action. If I misstep, I simply forgive myself and begin again. I practice being an expression of God in my own, unique, perfectly imperfect way.”

    For more information about Unity and to subscribe to “The Daily Word”, go to For prayer, call: 1-800-669-7729

    Major Money Malady—Buying on Time

    Posted on September 18th, 2014 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    261-September 18

    “The quickest way to double your money is to fold it in half and put it back in your pocket.”—Unknown

    We don’t pay for anything up front any more. When we want something, we get it. If we don’t have the money, we charge it. We buy everything on time. The longer the time, the more money we pay for the item. But the payments are so small, we forget.

    Rennie Gabriel, in his book Wealth on Any Income, gives an illuminating example of the total amount we end up paying for products purchased on credit. He states that a dining set on sale at a department store for $648 (including tax) costs the store approximately $300. So if you pay in full up front, the store makes a profit of $300 (excluding tax).

    But this dining set can be purchased on credit with payments as low as $12 per month. The interest rate charged to customers at most department stores is currently over 20 percent and in his example, the actual interest rate was 21.6 percent. At $12 per month, a person would be making that payment for over 17 years before the dining set would be paid for in full. And instead of paying $648 for your dining set, it would cost you at staggering $2,460! That’s a profit to the store of $2,160.

    Of course stores want to extend you credit—they would much rather be paid $2,460 than $648. And you thought it was a good bargain because it was on sale…

    This is a money malady that keeps us cash-poor, debt-ridden, and financially stressed. We feel the pain every month when the bills come in, but we pay our minimums and hope it’ll be better next month. But unless positive action is taken to control our spending and live within our means, next month won’t be any better. Most of the time, next month is worse because we have once again used those charge cards in a flurry of impulse buying. We live in denial of the fact we have a problem until we can’t meet our monthly minimum payments.

    This month, why not start a savings account for the major purchases you want? Then you’ll pay only for the item itself and no interest. You’ll even make some additional money from the interest on the savings account.

    If you can’t do the time, don’t borrow a dime.

    Today’s Affirmation: “I am rich and pay cash for all the material goods I desire.”

    If you can do the time, and have a reasonable plan and budget for paying off your loan, and it’s a sensible purchase, then it is great idea to take a loan!

    No, I’m not negating anything I said on this page of The Wealthy Spirit. But you can go too far to avoid borrowing money, too.

    You need to have a credit card in our modern society: to make an on-line purchase, to establish credit, to book a hotel room, or rent a car; to spread out payments over time for something that is a smart or needed purchase today.

    Some people get so anxious about borrowing money that they cut up all their credit cards and only use a debit card. Oy! I think that’s a really bad idea. Look, if someone steals your credit card and uses it, you get a bill for the unauthorized purchase, you object to it, and it’s taken off your bill. But if someone steals your debit card, they can take all the money out of your bank account and leave you with nothing. Yes, the bank will give it back to you after the matter is resolved, but it can take 4-6 weeks for that to happen. What are you going to do in the meantime with no money?

    Use credit wisely. Don’t have too much or too little.

    The middle path is usually the right path, isn’t it?

    Hey, You! Pay You!

    Posted on September 17th, 2014 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    260-September 17

    “When a man begins to think seriously of saving for a rainy day, it’s probably a rainy day.”—Anonymous

    The savings rate in the United States has been on a downward trend for many years, even during times of a robust economy. U.S. households save far less than those in most other industrialized countries. Here are the savings rates from recent years:

    South Korea 18.0%
    France 13.6
    Italy 11.7
    Japan 11.2
    Germany 11.0
    Britain 10.8
    United States 3.8

    People neglect to save because we wait until the end of the month when we’ve spent all the money to try to save. Then we vow we’ll save next month. And then next month. And so it goes. The habit of spending is entrenched and the habit of saving never gets a chance.

    Save money. SAVE MONEY. S-a-v-e M-o-n-e-y. Hold on to a portion of all the money that comes to you. Save and invest a measly 10 percent and spend all the rest. Live on 90 percent of your income. Follow this simple plan every day, every week, every year. Teach your children to do it, too, by the example you set. Do it now.

    I know, it doesn’t look like there will be enough money to do everything else you have to do. But magic happens when you make a commitment to your financial fitness. Take the right action, even when you don’t know how it will all work out, and, as they kept repeating in the movie Shakespeare in Love: “Somehow it will all work out. I don’t know how. It’s a mystery.”

    Start with a baby step, but take a step today. Whatever money you get today, save 10 percent of it. If you can’t do 10 percent right now, start with 5 percent. Or twenty bucks. But start. It’s a habit waiting to happen. One day at a time.

    Today’s Affirmation: “I pay myself promptly and profitably, and therefore I prosper!”

    I have been so grateful that this book “The Wealthy Spirit” has helped people. I spoke with a woman who said she bought it in 2006, when she heard me speak at a group in Orange County called the Inside Edge. When she finished the book after the year of daily pages, she put it away for awhile, but found she missed the messages. So she pulled it out again and has been reading it every day since.

    A  while ago, I was at a networking meeting here in Los Angeles. Each of us got to stand an introduce ourselves to the group, and then give a testimonial to someone in the room whose services you had used. A young woman stood in the front of the room and cried as she spoke about how my book “Zero to Zillionaire” had given her faith, purpose, and direction when she was at a really low point in her liife.

    I never imagined that people would respond to my writings in this way. It is very humbling, and I feel so blessed to have been able to help people I have never met weather the storms of their lives and move forward towards happiness and prospertity. I just finished the final proof of my new book, “From Worry to Wealthy: A Woman’s Guide to Financial Success Without the Stress” and I hope that it, too, will be helpful to many people.

    This is the major reason I say I’m not going to retire. Because if you are doing work you love, that inspires and drive you, you aren’t looking forward to not doing it. Being able to help people is such a fine thing you don’t ever want to give that up.

    I thank God for letting me be of service.




    Appreciating vs. Depreciating Assets

    Posted on September 16th, 2014 in The Wealthy Spirit by chellie

    Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction”

    259-September 16

    “Debt is a trap which a man sets and baits himself, and then deliberately gets into.”—Josh Billings

    This is the story of the new car I didn’t buy. At least, not right away….

    I had weathered many financial storms, but the sun was shining now. My new business was booming. I was earning good money, saving regularly, and was on the road to becoming debt-free for the first time in my life. I did my positive affirmations daily and my “High Budget” was becoming a reality. Then I happened across a brand-new Lexus GS 300.

    A brilliant, sparkling, gold, sporty model, I could picture my cute little red head breezing down the highway, arriving at business meetings looking and feeling rich and prosperous. I could afford it and it seemed like an appropriate reward for myself for all of my hard work. I started investigating, getting brochures and costs, and posted a picture of the car on the wall in front of my desk as part of my “Treasure Map.”

    Then I read The Millionaire Next Door, by Thomas J. Stanley and William D. Danko. It was like someone threw a bucket of cold water on me. The authors show how the wealthy become “Over Accumulators of Wealth” (OAWs) by behaving differently than “Under Accumulators of Wealth” (UAWs). OAWs buy appreciating assets: they invest in things that will produce more income. UAWs spend too much of their income on depreciating assets: things that lose value over time.

    I thought about what I was doing. I was about to follow the UAW pattern of spending money on something that was going to decrease in value rather than increase. Not only was I going to take on more debt in the form of an auto loan, but I was going to add a lot of attendant expenses such as increased auto registration fees, higher maintenance, and service charges. This is the UAW spending habit: to spend every increase in income on lifestyle.

    Remembering the saying: “The definition of insanity is doing the same thing over and over, expecting different results,” I knew I needed to take new actions if I wanted to become an OAW. I wasn’t on “High Budget” yet. The Lexus could wait until the total expenses connected with its purchase was a smaller percentage of my disposable income. So instead of buying a new car, I bought shares of stock in a mutual fund, added cash to my money market account, and invested in an expansion of my business.

    I kept the picture of that car on my wall for the next two years as a goal and as a reminder that I had the ability to change my behavior, plan my expenses wisely, and accumulate wealth instead of just appearing wealthy. I drive that car now with pride in my accomplishments instead of nervousness about the expense.

    What picture do you have on your wall? What do you have to accomplish before you get it?

    Today’s Affirmation: “I deserve rich rewards because I do what it takes to earn them.”

    Last year, I got a call from a phishing scam.

    The man on the phone called, sounding like many other telephone solicitors. He said he was from my bank, and I was on a list of special accounts that they were making a special offer to (and don’t we all like to feel our bank thinks we’re special?)

    It was for a new credit card with lots of rewards attached and a zero interest rate for the first year, and 1.99% after that.

    Well, that was quite a deal, and although my credit cards are good, they weren’t that good, so I said, “Okay, I’ll take it.”

    The man went through all the pro forma features, confirming my name, address, etc.

    And then he asked the question that sent the red flag up and the horn blowing in my mind. He said, “And what’s your social security number?”

    Urrrrrr…skreech to a halt!

    “Wait a minute,” I said, “if you’re my bank, you already have my social security number.”

    “Well, we’re a different department and we don’t share information between departments,” he explained.

    No, no, no. I knew that this was a bogus call and a scam. I remember getting an email warning about this very thing. The emails said the scammers would sound so good and professional and they seemed to already have your pertinent info. But they needed one thing to put it all together and steal your identity: your social security number.

    I said, “No. We’re done here.” And hung up.

    I called my bank’s fraud department to tell them what happened, and they said, yes, it was a phishing scheme and those guys are out there all the time trying to get people to fall for it.

    So don’t fall for it! Good luck out there, dolphins!