Part 44 of 45 · Chapter 45 · 8 min 41 sec

You’ve done the work. You’ve read the money books, watched the abundance videos, maybe even built spreadsheets tracking every dollar. You know more about wealth than most of your friends. And yet — somewhere between knowing and living it, something keeps getting lost in translation.

If something still isn’t clicking around the practical side of money — the actual math of where it goes, what counts as an asset, how much to give, how much to keep — this chapter walks straight into that gap. Not with another mindset reframe. With numbers. With a formula. With a definition of “asset” that probably contradicts what you’ve been told.

It’s not you. The reason this part feels fuzzy isn’t because you missed something obvious. It’s because the inner-work world rarely gives you the practical structure, and the practical-money world rarely honours the inner work. You’ve been handed one piece at a time. Nobody showed you how they fit together — until now.

Here’s the reframe this chapter offers: wealth isn’t a feeling you generate and then hope reality matches. Wealth is a structure. A ratio. A relationship between what flows in, what flows out, and what stays working for you while you sleep. David lays out a simple 10/10/10/70 formula and a redefinition of asset vs. liability that, once you see it, you can’t unsee.

So before you let your eyes glaze over because “you’ve heard this before” — you probably haven’t heard it framed quite like this. Settle in. This is the chapter where the practical and the spiritual finally shake hands.

Watch · Part 44 of 45 — Money How To III

What this chapter unlocks

  • The 10/10/10/70 formula. David’s suggested split: 10% to taxes, 10% to charity, 10% to long-term investments, and 70% to actually enjoying your life. Not because life is about deprivation, but because joy is the point.
  • A redefinition of “asset” and “liability.” An asset puts more money in your pocket than it takes out. A liability does the opposite. By this definition, the home you live in and the car you drive are usually liabilities — and that changes everything about how you build wealth.
  • Why your money should work for you, not the other way around. You acquire assets first. Those assets generate income. That income pays for your liabilities — the home, the car, the lifestyle. You never count yourself as the asset doing the work.
  • The truth about military and wasteful government spending. David’s view on why a nuclear missile sitting in a silo is “dead money” — and why circulation, not hoarding, is what makes economies (and people) thrive.
  • Why money loves freedom — and avoids stinginess. The people who clutch hardest tend to attract least. Money is energy. It flows toward where it’s welcomed, used, circulated, and loved without guilt.

The 30-second test

Listen to the first 30 seconds. If you hear David talking about taxes — and you notice yourself either tensing up at the word “government” or quietly admitting you’ve never actually run the numbers on where your money goes — this is your chapter. The first half is structural. The second half is energetic. You need both.

Why this chapter matters in the series

After 44 chapters of rewiring how you see money — from energy to identity to the inner work that makes outer wealth possible — this is where David hands you the practical scaffolding. The 10/10/10/70 split. The asset/liability redefinition. The reminder that money loves freedom. It’s the bridge between the metaphysical and the spreadsheet. And it sets up the final chapter, where everything you’ve learned gets woven into one closing thought.

Read the full transcript (~7 min read · 1,571 words)

taxes in the government we need a government that is for sure without governments society would not be able at our present stage to organize infrastructure development security and so on but there is such a thing as wasteful government or too much government just because it is a government does not mean it is always right that it sets the right amount of taxes we should pay and that it uses the money wisely without waste so what is in our best interest you and I is to figure F out how much we need to pay in tax we need to keep government alive and healthy and serving us well without paying too much to a point that

we don’t have enough to invest and enjoy life while government has too much and wastes it on activities such as building weapons of mass destruction and the like governments across the world have tax rates ranging from 0 to 80% or so taxes are usually the person’s biggest single xpenditure within each country you can expenditure within each country you can arrange your Affairs in ways that legally minim Mize your tax amount with e help of professional tax advisers the help of professional tax advisers Winston Churchill once said that no person has the legal or moral obligation to arrange his or her Affairs so that he government can put its biggest he government can put its biggest

he government can put its biggest shovel in I personally believe that the magic formula is 10 10 70 that is 10% of your incomes in 1070 that is 10% of your incomes in taxes 10% in charity 10% in long-term Investments and 70% for your enjoyment and spending for that is what life is all about enjoying your life not struggling with it spending any less than 10% on government would kill it and more than that gives it too much money and it is because of this excess that we have for example too many deadly nuclear weapons that never really helped US military expenditure is the biggest otal government expenditure worldwide total government expenditure worldwide yet military

expenditure does not circulate in the economy or benefit us as much as other expenditure a nuclear missile built and never fired is dead money it just stays in a silo waiting to be fired yet the day it is fired it causes even more destruction weapons just put us in a state of fear either way you look at it the way to prevent war is not the build weapons but to eliminate borders Division and economic differences the us would have been far weaker and less stable today if it did not unite it states a couple of hundred years ago before becoming a Federation of states the US had Civil Wars and travel and commerce barriers within

itself so that is 10% of your money going to government as taxes after that not forget to spend at least another 10% on charity doing things to uplift your society and hence yourself and invest at least 10% in good long-term Investments then enjoy and spend the rest be cheerful in your spending your spending causes the increased income of others and drives the economy imagine what would happen if everyone stopped spending the more we spend the more nergy is exchanged and the more we all energy is exchanged and the more we all get wealthy at first this new 10 10 1070 Arrangement may be a little difficult for some people to execute because they are spending

all or almost all their money at the moment and have not arranged their Affairs for optimal taxation but within a short time it is easy to change habits to fit into this new format knowing the real difference between an asset and a liability is another key to wealth an asset is anything that creates net wealth or income for you an asset is anything that puts more money into your pocket than it ook out from it a liability is took out from it a liability is omething that does not do that a something that does not do that a liability is anything that takes money away from your pocket without putting back into your pocket more

than it took by that definition some of the items that people consider as assets are ally liabilities homes on mortgage are ally liabilities homes on mortgage are ally liabilities homes on mortgage are liabilities they are the bank’s asset cars are liabilities they take more from you in cash than they give back wealthy people obviously have more assets than liabilities that is just obvious you imagine being wealthy when you’re true liabilities are more than your true assets the assets grow the wealth for wealthy people analyze your life and reclassify everything in it as an asset or liability as we have defined them always maintain more assets than liabilities otherwise you will have zero r negative wealth

debts it is a simple or negative wealth debts it is a simple formula there’s nothing wrong with buying liabilities indeed many of life’s most enjoyable things such as beautiful homes and boats and cars are by our new definition liabilities but they make life enjoyable so go ahead and enjoy but never let your liabilities as we have defined them exceed your assets as we have defined them otherwise you will soon end up in negative wealth always maintain that positive balance if you wish to have that nice home the way to get it is to First work on having an asset that produces an income that is high enough to finance your mortgage then use it to

pay for your house payments so get assets first and use them to Finance liabilities by the way ou do not count yourself as an asset you do not count yourself as an asset getting a job to earn money to pay your mortgage is not the way that is called working for your money and it is an often unhealthy and dangerously trapping cycle to get into your money should always work for you the money you earn with your mind and hands on your job or work is to be used to acquire Investments and assets these assets and Investments then generate income on their own without much further inter vention from you to buy the liabilities for

you you do not work for your liabilities you work for your assets and your assets work for your liabilities if at present you do not know how to do that then get books and advisers who can show you how to do that in your situation good assets to acquire or build include stocks mutual funds certain types of bank accounts that have high and above inflation interest rates real estate investment vehicles bonds royalty producing assets self maintaining businesses and so n whatever you seek to know a very good on whatever you seek to know a very good book or person exists that will give you this knowledge for books amazon.com is a great starting point for

your search for other information a search on google.com usually gives you what you are after in this day and age we lack nothing in truth we never did we just made up the shortages ourselves live a luxurious life remember life is images of the Mind expressed keep improving yourself in your environment and surroundings with luxury and beautiful nature it is from what is around you that many of your mental images are formed and you therefore should have a good source of mental imagery luxury and a healthy environment in nature breed more wealth by breeding higher images of the Mind live in as much luxury as you feel comfortable and happy with take care of Mother

Nature the goose that lays the golden eggs do not pollute or destroy the environment fast or slowly that is killing the same source that enables you to be remember the law of cause and effect the law that never fails people think that they can destroy the environment usually for self-predicted good harvest money is value energy that like all energy lives to flow and needs to flow to stay alive help it flow cheerfully and it will be attracted to you give the services that others need increase their value we are here to serve each other to act as growth enablers for each other do this in your own capacity and money automatically will flow in say

to yourself and believe it money loves me and I love money this will be true for you to the extent that you can say this comfortably and with joy without feelings of guilt if you find yourself guilty find the reason why and ask yourself how true that reason is and where you got that reason to the extent hat you are comfortable with money and that you are comfortable with money and you are welcome and love it so shall you be wealthy money is an energy that allows freedom and loves Freedom it goes where there is freedom and where it is given Freedom my ERS and stingy people although they try the hardest to keep money

make it hardest for them to acquire and keep money enjoy

This series is a free taste of the deeper work we do inside the Abundance GPS Skool community — where we help conscious entrepreneurs with adverse childhood experiences get out of their own way and release their brakes, so they can multiply their income and magnify their impact. Join us inside when you’re ready.

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