Building Economic Prosperity: See the Big Picture

In order to properly understand the big picture, everyone should fear becoming mentally clouded and obsessed with one small section of truth.Xun Zi

“SEE” is the second of our 7 Principles of Prosperity. First, we must think from a prosperous, abundant mindset. Next, we accelerate our prosperity when we see the “big picture” of how our money and all of our financial decisions work together.

We show our clients how to adopt a big picture, macro-economic point of view. You might call this seeing from “the 30,000 foot level,” or seeing “the forest,” and not simply the oak tree in front of you. When you’re looking just at the oak tree, you don’t see the fir, the birch and the redwood and the ferns. When you’re focused on just one element, you can’t see the ecosystem of the forest. Financially speaking, we want you to see and utilize your whole economic ecosystem!

It’s no accident that the words “economy”, “ecosystem” and “ecology” share a common root. The “eco” is derived from oikos, which referred to the large family organizations in the city-states of Ancient Greece such as Athens and Thebes. The oikos referred to the house and everything included in the house, such as extended family, slaves, farmland, equipment, etc. The oikos was the complex, inter-dependenct household “economy” that determined (in this case, through agriculture) the wealth of the household.

The opposite of seeing from a macro-economic perspective would be “tunnel vision.” In tunnel vision, you look at each financial decision in a vacuum and make decisions without seeing how each decision relates to the others. For instance, people tend to see their insurance and their investment portfolio as two separate entities. Likewise, their mortgage and consumer debt may be viewed as isolated from each other and from their investments and insurance. Their 401k and their child’s college fund are furthermore seen as unrelated, or worse yet, in competition for scarce dollars. In tunnel vision, the elements of your personal economy are viewed as separate, segregated entities.

Tunnel vision is a micro-economic perspective, and from tunnel vision, you make mistakes. You make mistakes because (while carefully comparing interest rates) you forget that you only have one wallet. For instance, the wallet you pay your insurance with is the same wallet you use to build your investments and the same wallet that makes your mortgage and car payments.

At Partners for Prosperity, we help our clients see how each part of their personal economy connects and relates to the other parts. Prosperity Economics™ considers how your financial decisions fit together and determine your cash flow, your peace of mind, and your ability to use the money you have to create the life you want. It’s about building wealth you can enjoy now, not simply a “net worth” that may look good on paper while doing little to improve your day-to-day life.

To be clear, seeing a “macro-economic” perspective doesn’t mean you need to understand the whole world’s economy, just your whole economy. Let’s face it, you can’t control inflation and world events that shape our economy, but you can see and control your personal economy.

We’ll be most effective building your economic prosperity when we see through a kaleidoscope that shows all possibilities, not a tunnel. We’ll also want to look at the long-range view of our whole life (from now until we die) and our whole wallet (the money we’ll make). As we think prosperously and see the big picture, prosperity accelerates!

Are you ready to “see” your personal economy in an entirely new way? We invite you to explore the Prosperity Pathway™, a revolutionary approach to charting your own personal path to wealth and abundance. The Prosperity Pathway™ is a three-month, guided process that will transform the way you think about your money forever.

 

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One Response to Building Economic Prosperity: See the Big Picture

  1. Pingback: Organize Your Finances for Prosperity! (P4P's Annual Review Checklist) | Partners for Prosperity

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