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Why Can’t I Hang On To Money?

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This week’s question from my portal “The Neagle Code: Directions for Life” comes from someone who wishes to remain anonymous. 

Neagle Code Question

Hi David,

I’ve recently raised my prices and made almost $24,000. People are coming to me and asking to work with me, which is great. However, I’m having an interesting scenario where money’s coming in unexpectedly—and then in the same day, more of it goes out.

Bills are getting paid, and I’m happy to pay them. However, it feels like I’m chasing a dangling carrot. Stuff is coming in one day, only to be gone again the next day. It’s bizarre. I’m feeling anger and resentment about it, and find it hard to be in gratitude. Can you give me some guidance?

Neagle Code Answer

Do this quick little exercise. Hold your breath…and keep holding it. Don’t let it go. Just keep holding it.

Keep holding it…

Keep holding it…

Keep holding it…

If you’re like “David, I can’t do that,” then realize; you can’t do that with money either.

Just like you need to exhale and breathe in again, money needs to be spent (i.e., circulated) and brought back in again. That’s part of its nature.

Money wasn’t meant to come into our bank account and just stay in there. It’s meant to come in, and then go back out. Whether it’s for paying bills, being invested, donated, paying for things…

It’s meant to be in circulation.

The whole reason you bring it in, is so that you can send it back out again. It’s doing what it’s supposed to do. If bills are getting paid, and you’re making the money to pay them, that sounds like a good scenario to me. I’m not seeing a negative here.

My question to you would be: Are you paying yourself first?

This is the biggest mistake I see entrepreneurs make. They pay everyone else first and then resent the fact that there’s nothing left over for them.

This requires discipline.

If you want to generate wealth, I recommend setting aside 10% of your income and only using it toward things that appreciate. Do this religiously and without exception.

Once this becomes a habit you will see how easy it is to make enough to pay yourself AND everyone else.

You’ve got to take responsibility for your own situation.

You have to manage your money, and if you’re not good at it, hire someone to do it for you.

Join me on Tuesday for a free two-part training where I will be sharing More Hidden Secrets Inside A Wealth Mindset. CLICK HERE for all the info!

P.S. Whenever you’re ready… here are 3 ways I can help you grow YOUR business:

  • Listen to The Successful Mind Podcast. Three times per week I drop cutting edge information and strategies relating to success mindset, leadership, wealth creation and relationships.
  • Join other like-minded small business owners in my Transformation Facebook Group! Allow us to be a place to share ideas, get advice and meet others who value truth and growth!
  • Join me at The Art of Success Virtual Summit! This October 2021, I’m getting a group of amazing business owners for 3 days to work on exponentially growing their business.

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P.S. Whenever you’re ready… here are 2 ways we can help you grow YOUR business:

  • The Successful Mind Podcast. Each week, we drop cutting edge information and strategies relating to success mindset, leadership, wealth creation, and relationships.
  • Join other like-minded small business owners in our Business Transformation Facebook Group! Allow us to be a place to share ideas, get advice, and meet others who value truth and growth!

If you’re ready to take ownership over your destiny and start living life on your own terms, this course will provide the step-by-step framework you need.

The time for excuses and playing small is over.

Are you ready to break through your limitations, gain unstoppable confidence, and claim the life you desire?

Then take the first step by joining 6 Steps to Personal Freedom right now.

Grab your ticket now before our Super Early Bird Pricing expires on July 2nd!

Program start date is October 9, 2023

Tuesday, September 26th at 2pm ET

During this FREE 60-minute virtual training, I’ll show you the Hidden Force that shapes your reality (and how to harness it) so you can create the destiny you know you’re capable of!

On this live virtual workshop, you’ll discover:

Join me to learn how to reshape your reality!

Tuesday, September 26th at 2pm ET

During this FREE 60-minute virtual training, I’ll show you the Hidden Force that shapes your reality (and how to harness it) so you can create the destiny you know you’re capable of!

On this live virtual workshop,
you’ll discover: