As a young child, I always wanted to start my own business. At the age of six, I took some strands of soldering iron and fashioned it into a lasso. I only made eight or nine of them and the plan was to sell the lassos as key chains. Alas, though my sales numbers were low, seeing that my market was limited, it taught me a important lessen: ingenuity is key in any business. This was the lesson I took from my first little business.
While in high school and college, I was active in the Boy Scouts and achieve my Eagle Scout rank. Through the Honor Camper Society, I rose through the ranks and finally was elected as the Western Region Chief, one of six national offices. I traveled around the country and gave speeches nearly every weekend. Upon completion of my service to the organization, I was awarded the Distinguished Service Award, the highest honor in the Boy Scouts of America.
About 10 years ago, I fell into a deep depression while at my university. Confusion and understanding collided as things became clear. I had to drop out of school. Through countless hours of counseling and appointments with doctors it became difficult to function at a normal level. It was a difficult time but, I knew that the answers were in the Bible. Reading and meeting with friends took most of my time as I searched for peace and comfort.
Through my Bible reading, I realized that there was hope and after reading it several times, I was able to understand more of the situation I was going through and about myself. In doing this, I was able to go back to school for my final class and graduated.
Now, my faith has culminated into the understanding that God never left me. Even through my darkest times, the light at the end of the tunnel became ever brighter as I read the Word. Currently, I believe I am fully recovered from my major depressions. I have hope and peace. I know that the love of God, through Christ Jesus, has saved me from the depths and mire of depression and for that, I reciprocate that love to God and my savior.
Today, I am fully recovered. I have a BLOG where I can post my ideas and thoughts and welcome comments from around the world. I am pursuing a masters degree and look forward to the day when I can graduate with a MBA. I am very thankful and would encourage anyone that has had a similar experience to look to Jesus as hope and the light at the end of the tunnel. Eternity is only a moment away. God so loved the world…
Thought and Idea Paper
raincollected – The Quadruple Budget
Over the years, I have been dedicated to collecting many things. My first collection was of unsharpened pencils. To this day, I have over 200 unsharpened pencils that date back to that 80’s and 90’s. It is with this same spirit that this site was created. It is my hope that you will find this collection of thoughts and ideas interesting and encouraging. If inclined, add to the discussion and share your own thoughts and ideas. Thank you!
Behold, the words found in this paper have its beginnings from the popular blog www.raincollected.com. The purpose of this project is to introduce its readers to the concept of the Quadruple Budget. The four part of the budget include:
- Tithing and Charity
- Debt and Investing
- Expenses and Spending
These four parts make up the Quadruple Budget and will be explained throughout this book with descriptions and examples.
Table of Contents
$ What is it?
Thoughts and Ideas about $
Tithing and Charity
Debt and Investing
Expenses and Spending
$ What is it?
What is it? No one knows. Some have wonders its necessity while others its validity. What could it be? The general public wants to know. Money as some experts have noted is being a certain amount that is agreed upon by all people for the sake of transactions made in the form of goods and services.
Thoughts and Ideas
Behold, there are trillions of ideas on what money is and it is this authors challenge to add one more thought on what this thing call money is actualized. On first thought, one believes that money can be seen as a medium. Similar to that of a canvas for a painter or a score for a musical, money can be seen as a medium for those who choose to view it in that manor. A working definition of a medium, for the purpose of this book is: a canvas for the manifestation of an action or materials.
A blank canvas can be the manifested into anything the artist would like to render. It can be a beautiful landscape of the setting sun over the Pacific Ocean or it can depict a crowd of onlookers watching a gladiators fate in a colosseum. The canvas itself can be made to look like anything one desires. Transitioning to the topic at hand, the canvas can be see an money, a blank canvas, ready to render goods and services for the painter. Money itself does not have any whim of what to be allocated towards, but it is the artist that decides what to make it into.
Often times, the canvas does not determine what the painting will be, its just a canvas. But sometimes it does if planed carefully. An example of this is a hunk of marble. The object within the marble is yearning to escape from its rocky inhabitance to display itself in a majestic array of grander and beauty. Perhaps, this looks like saving up enough money in a small envelope for a weekend getaway to the coast with all of ones friends.
But wait, what if that canvas was not a two dimensional object but a three dimensional box. Peer into the box to see what can be actualized. The contents of this 3D box can be anything from a flying car, a new type of cell phone, or a space ship that carries hundreds of people into the stratosphere. This 3D box is a canvas for the individual a way to render all of ones thoughts and desires.
Money can be used to manifest action in the real world. Acts such as services provided from detailing a car to watching a dinner show with friends.
Money can also be allocated to manifest material as well. When one desires to partake in a tasty beverage, one merely has to purchase it from the store. If one wills for a hamburger, behold, it is actualized at the burger stand. Most all material goods has some dollar amount or number attached to it and if so desired it can a acquired at a certain price.
In completion of this thought, money can be viewed as a canvas that one renders ones will. Like a new song the music that flows from ones earphones can be the actualization of ones funds.
Tithing and Charity
Tithing and charity is perhaps the first thing that individuals must think about when making a budget. Giving can be an important part of ones plans and should be considered. There are many ways to give which will can be fulfilling. One way is to tithe to a church.
Giving to a church that one attends is one way of tithing. Traditionally, the tithe is ten percent of the gross income of the individual. This number has been been advised by many experts in the field. One should give first out of their paycheck. In this budget, the recommended amount to tithe is twenty-five percent (25%) of ones gross budget.
Another idea is to give when there is a need. So when someone at church needs something, the congregation can find someone who is willing to release it to the person or family. If no one in the church has it, they can pull their money together to purchase it for their fellow member. Sometimes, the church goers need to sell something in order to pay for the item, perhaps its a car or a new house. So, the gathering will sell an item of worth and the item is purchased.
Some may feel as though they can keep some of the money for themselves but there is a story in Acts of the Apostles that clearly defines not to do this. The story can be found in Acts Chapter 5. When one keeps their tithe from the church, there can be dire consequences.
Charity is also something that may be good for organizations and society as a whole. A generous contribution can save the lives of may people who are in need and should be considered when making a new budget. A budget with charity included can be a wonderful thing that will be much appreciated by many.
Concerning how much to give is important as well. The suggested percentage is twenty five percent of ones budget. This does not mean that the whole amount must go towards one cause. Rather, thinking about what organizations need and how much to give can be an interesting venture. It is recommend that the charity should be a well known charity with an available budget to determine where to allocate funds. In this way, the organization can send a tax deductible letter stating the amount that was donated during the year.
Pondering when to give is also a moment of consideration too. A good time to donate might be when there is a fundraiser or a fund drive. One can receive something in exchange for their donation. This can range from free stuff that the company has extras of. Asking for a letter from the president might also be an additional thing that one can as for. When giving a large amount, one can earmark what that donation can be for. Some choose to name a building or having a plaque stating that it was donated by oneself. The donation can be in the name of a family member or loved one.
If monetary donations are not what one wants to give, perhaps goods of value can be another option that would suit the need. Similar to that of the tithe, a person can give a charitable donation of food, new equipment or other things. This can be a way to give with a purpose. Just remember to keep the receipt so that one can record it in their notes.
Another way of giving to charity is by buying things from the charity. Things like apparel or any type of product can be a great way to support a charity. Supporting a church or charity in this way allows one to receive something in return and promote the organization at the some time. Wearing the clothing with the logo of the organization can open a dialogue between the giver and acquaintance about the church or charity. Almost certainly, organizations have old promotional products from past events that they would like to sell. One can also buy some shirts for their friends and family and what a gift that would be.
Volunteering time at a church or charity is a third way one can donate. Not only can one donate their time and serve the organization but they can also sell things for them. In regard to promotional products that the organization may have, going places to ask for donations for those items will be beneficial to the church or charity. The benefits are the donating of service hours to the organization, raising capital for the organization through the selling of products, and the liquidation of extra stuff that may be sitting in the warehouse collecting dust. Moving these products and collecting donations for the group will make that organization cheerful and thankful to the one doing the donating.
As a culmination of the topic of tithing and charity, giving is a must in one’s financial canvas. This can be done in several ways including tithing, gifts, and volunteering time. The recommended amount to donate is 25% of ones budget. This should be first when designing a budget for one’s self.
In saving, it can be made simple, as simple as allocating twenty-five percent of ones income into a bank account. But wait, perhaps there is more to saving that makes it adventurous. The idea is that because it comes from ones income, financial saving training and financial conditioning is a must. Specifically, saving can be done in all four parts of the Quadruple Budget. An BLOG post that comes to mind is “Archer” in which the idea is to lower spending and increase income in order to increase the savings.
Stretching ones financial expenditures to maximize savings is one area of saving which demands training. A way of doing this is choosing what to spend on and where to spend. So if one desires to realize a first-aid kit, it can be purchased at any store. With this, there are dozens of first-aid kits and even more stores to render this product. There are many factors that go into making this purchase including price, what is in the first-aid kit, and the quality of the product. Other factors include the store and accessibility. Assessing the factors will help in making a decision of which first-aid kit to purchase.
The training portion of the previous example is in exercising saving techniques to increase savings. Some techniques are coupons, getting a discount, or buying in bulk. But hold on, perhaps one can make positive cash from this product. One may be able to be paid for using and promoting the product. This capital can be then used to pay for other things or at least be a free item that one needs or desires.
Concerning the other areas of the Quadruple Budget aside from expenses, saving can be rendered in other ways. One can receive things or additional things which takes practice and conditioning. When speaking about saving from a savings budget, the main point to saving within the saving portion of the budget is in purchasing things which appreciates over time. Buying things of worth and collecting things will increase ones savings. One merely has to decide what to purchase.
There are many things to collect. Everything from art to antiques are all items of worth that can be collected. Choose items that appreciate over time or are worth more when it becomes a complete collection. Buying things can be a great way to save. The more stuff one has, the more they have saved. It will be a great thing to talk about when people come over. Discussions and knowledge about a certain piece will bring the conversation to a point of appreciation, which will then turn into value for the piece. Sharing this wealth of information with ones friends can be a great exercise in building friendships.
In saving there are many avenues to take. Some ways will take you into a direction that, at the end, will be a magnificent victory. Others will be a beautiful presentation of display and color. A street one may take is with art. Collecting art transpires into a venture far beyond what one can comprehend. For example, if one wants to collect Picasso’s, it will take that individual to a world tour to other countries. If one desires to acquire a collection of Donatello’s, they can do so and it will lead down a blvd. of wonder. Focusing on one subject may be the ticket.
But wait, there’s more. Starting down a one avenue may take some time, especially when finances are tight. Saving for a piece of antique or a book collection may take a couple months, but once it is purchased, one will be a proud owner of the piece. Behold, a piece of history that becomes a permanent part of one’s collection to be shared with others.
Two distinct points have been made in this rendering of savings. The first is that saving takes training and conditioning. Learning about the different ways to save will help the individual to stretch the financial canvas further. To continue in this thought and which is the main point is that savings is about buying things that appreciate over time. The wealth savings that is created grows exponentially with each passing year and the people who enjoy that wealth savings will also grow to enjoy one’s personal collection of houses.
Debt and Investing
The cloud of debt is forming over the horizon and its quickly approaches. The question is whether one can weather the storm. Debt can be an ominous cloud that can worry many individuals. This especially when life happens like emergencies and injuries. Bills accumulate and in addition to this, monthly payments for other items may begin to be difficult to pay for. Things like a mortgage or rent, phone bill, gas, car and health insurance, and food are just a few of those items that occur monthly. Getting out of debt becomes a major issue.
With a budget, twenty-five percent of ones budget is allocated towards paying off debt. For example: if one makes $1000 a month, $250 of it goes towards monthly debt. Thus, one can alleviate debt quickly so that one can be debt free. Like in the story of “Debt Free Dan,” the main character made a plan and a budget to eliminate debt by using the Quadruple Budget. So, once the debt was paid for, the money can now be allocated towards investing.
Having debt looming over ones head can be a daunting task to erase. Some use different strategies to eliminate the debt, but a simple budget may be helpful in doing this. As an encouragement once debt is cleaned off the canvas, an image of investing can be rendered. This will be described and illustrated in the following paragraphs.
Now that debt is paid for and the money is going towards investing, one can rest assured that it will build and accumulate. That $250/mo. which paid off the debt can now start to build an investment. So now, one has $0 debt and $250/mo. in investments. There are many investments like stocks and bonds, but will not be discussed within the confines of these pages. Fortunately, the topic will discuss investing as an idea especially in the form of investing in a business organization which is another form of investing.
Investing appears in different forms. Per the spirit of this work is that investing is how one chooses to utilize their finances. This is done through all of the avenues of the financial industry. Businesses is another way of investing and especially if that business is ones own. An organization which focuses on profit may be one way to utilize ones finances to increase monetary holdings. To address the issue, stock is not what the focus will be on. Rather, the topic is in reinvesting the profit back into the company. This takes the form of improvements in product, advertisements, and delivery or accessibility of the product to name a few. By investing in ones own business, the profit has a chance to increase as the general public takes notice of the the product or service.
To take part in the world of commerce, a company must continue to improve. This takes time and effort. At times, the business may not be profitable, especially when it is starting. Until there is sufficient profit to cover all of the expenses, one may have to invest massive amounts of capital in order to keep it alive. After much effort, the business can become successful and on the positive side. Than one can put the profit back into the business.
Aside from capital, there are other forms of investing. This may include investing in ones employees or coworkers. Spending time listening to their thoughts and concerns may be valuable beyond anyones imagination. An employee may express their thoughts about how to improve on the quality of the product or service which may save thousands of dollars in production. A concern volunteered by a coworker might fix an issue with communication with a vendor. Listening to others is vital when investing in those that are part of one’s organization.
Another form of investing is in spending quality time with others in achieving a goal or accomplishing a task. Learning about ones teammates can be an interesting journey into ones life. It can make the difference between one team succeeding and another team failing miserably. As a team working on a project, having a deeper understanding of the thoughts and ideas that a teammate has will not only improve the outcome of the project, but, it will also increase the creative energy of the team. Although this may take time, in the end, it will be a powerful realization of a goal which can be actualized when complete.
As a conclusion, there are many ways of investing that has been discussed here. The point is to erase debt first, than invest in a financial product or a business. This is possible when one converts debt payments into investment payments when debt is erased and is $0.00. The debt budget allows one to pay off debt such as credit cards and loans. For example: one has $250/mo to pay for a $1000 debt. In four months, the $1000 debt is paid off. At this point, one has $250/mo that was going towards debt elimination but now that there is no debt, one can use that $250 and allocate it towards investing. One can invest in any financial product like stocks. Instead of this, another option is to invest the $250/mo into ones own business.
Expenses and Spending
Expenses and spending can be seen as a part of canvas which one designs his or her picture. This topic is especially vital in the discussion due to the fact that expenses is where one can make purchases for oneself. Most definitely, one can choose to spend on anything that will be beneficial for the self, but when making decisions, one can also purchase things for others as well. This comes out of the expense budget.
Monthly expense may include things like food, gas, and a mortgage. Making a list of monthly expenditures will define what one is spending on. After all of ones expense are paid for, what is left over can be used to spend on others. Another list can be made of things to get for others too. Necessities might be food or daily consumables while luxury goods might be a new watch or music.
One has a variety of items one can purchase. There are dozens of the item which one can choose to spend their money on. Water, for example, seems to be a simple item to purchase. The question is which water to buy and from which company? The choice of which water to buy is an extension of one’s personhood. So with the income that one makes, one can choose which items to buy. Expenses will reveal who one is. With this, in buying things for others, choices can be made for that friend or family member. Knowing what they like and need are important as well.
There are many factors that go into making a purchase. Some of these factors include price, relationships, and quality of the product. To illustrate this, one can take the example of going out to lunch with a friend. They can go to a fast food place where the prices are low and the service is quick or they can go to a sit down restaurant where the prices are higher and the time spent in conversation may also be longer. There may be other factors that must be considered as well as the three discussed above. Where an item is purchased may also be a factor in determining the extension of one’s personhood. A store or a market are just two places where things can be purchased. Determining where to buy the item is just as important as what that item is.
Expenses and what one spends will determine what one is about. Spending on things of worth or things that will be beneficial for the self will build that individual. For example: one can spend on things that are beneficial while other will purchase things that will be detrimental to the individual. An example of this may be the type of movie one watches. The ratings may be an important factor in which movie one will watch. In addition to this, when watching a movie with friends, the rating will also be a determining factor. What the individual purchase may be an extension of ones personhood. As a result, what one buys reflect the individual.
Not only will the individual determine what will be bought but the purchase itself will influence one’s personhood as well. To make this real, the example of food may be in tall order. Choosing to eat one food item might be good for the body while another food item might make the body feel bad. To illustrate this idea, one can choose from a variety of snacks like chips or cookies. A healthy alternative will benefit the body and mind. In this way, a person will choose the item out of their personhood and, in return, that choice will affect that person or persons.
Having the ability to choose is also important. There are some places where there is an abundance of choice and there are places where choice is limited. Fortunately, there is a way to increase one’s choices like the internet. On the internet, the amount of choices increases. Having the capital to actualize a product choice allows for the individual to have purchasing power. This is important when buying something for another person.
After all of one’s expenses have been met, the rest of it can be used to spend on family and friends. For example, when all of the bills have been paid for, one can buy things for other people. In this way, one can be generous and this generosity comes out of the expense budget.
After all of ones expenses have been met, one can buy things for others. What one buys for others can also be a reflection of the self. The remainder of the expense budget can be used for this purpose. An example is a $250 expense budget where ones expenses total $200. The $50 left over can be used to purchase things of worth for other people. Friends, family, and co-workers may be just some of the people that one will want to buy things for. This is a generous gesture and a gift giving activity. Seek good gifts for those who are close to ones person.
A sketch as been made which gives a framework of what a budget should look like. Each part of the budget has a specific method of the illustration of one’s financial canvas. One can render the goods and services one chooses with this budget. One can make a choice.
In tithing and charity, the topic was discussed about how twenty-five percent of ones budget should go towards charitable giving. There is a certain time to give, whether it is during a fund drive or at the end of the year. This allows for individuals to receive something for their giving.
When one had debt, it is important to get rid of it as soon as possible. This is the reason twenty-five percent should go towards alleviating debt. There are many ways to help eliminate debt that will free up capital. Once debt has been resolved, one can now begin investing with that twenty-five percent that went towards debt. Investing in stocks is one way of doing this, but, was not discussed in this book. What was discussed was to invest in one’s own company and product improvement. By investing in one’s company, it will help to generate more income for the individual.
Saving was also explained in this book as well, specifically about how to save. Besides the techniques of saving, what to save is the point of that section. The point is to purchase things of worth and to make a collection. One thing to buy and save is art. The art will appreciate over time and can be something that will be worth more in the future. Training oneself to change savings will be beneficial in the distant future. Saving funds in a bank is also recommended.
Finally, expense and spending was discussed as well. Expenses is where one can render ones income to pay for bills every month. After all of the bills are paid for, one can generously give the remainder. Twenty-five percent of ones budget should be the expense budget.
Although there are many thoughts about what money is, this author suggests that money is a form of creating something for the individual. Similar to a blank canvas, the individual can paint a picture and render that picture into existence.