Sunday, February 7, 2010

The Truth About Debt

If you have been subscribing to Copia's Journal, you will remember that I started you off on steps to taking a closer look at your cash flow and creating a budget. One of the things you have to know is how much money is flowing in and how much money is flowing out. That seems simple enough. Yet, so many Americans are so far into debt that more is flowing out than there is coming in.

One of the things an investor learns is the true difference between good debt and bad debt. Very few people understand how to correctly use debt. I read so many published articles that incorrectly explain good debt (probably because the author has to justify their own debt).

It is very simple, good debt is debt that makes money for you, period. Any other debt is bad. As long as you are honest with yourself when accessing your debt you can decide what kind of debt to have, if any. Take the steps to learn to swing the pendulum and use debt to create cash flow and then buy the things you want to support the lifestyle you desire.
Believe me, it is sweet sensation when this paradigm shifts. Learn how to make money work for you instead of the other way around. Debt is really a good thing when it pays for itself and puts cash in your pocket.

Love, Jules
Posted by at
Labels: , , , , , , , , , , , , ,

Meet Copia

In Roman mythology, Copia is the Goddess of Abundance. Her name means ‘abundance’. In addition it means ‘plenty’, ‘wealth’, ‘opportunity’ and ‘resources’. She carries a cornu copia overflowing with the fruits of harvest and wealth. “The Horn of Plenty”; a magical goat’s horn the gives everything anyone desires. It is important to mention that Copia is often associated with Fortuna, the Roman Goddess of Fortune, Luck and Fate.

But I did not purposefully name this blog after Copia. I was looking for a word that described a life of truth and integrity. I like the word authentic; Authentic Life. But it appears that many others on the internet like that word too. I also like the word intelligent; Intelligent Life. But John Tesh uses the phrase “Intelligent Life” on his radio shows. Then came the word copious; Copious Life.

Copious

Pronunciation:

\kō-pē-əs\

Function:

adjective

Etymology:

14th century Middle English, from Latin copiosus, from copia abundance, from co- + ops wealth

Synonyms:

Ample; abundant; plentiful; plenteous; opulent; rich; full; exuberant; overflowing; full.

Definition:

1 a: yielding something abundantly; a copious harvest, copious springs. b: plentiful in number; copious references to other writers.

2 a: full of thought, information, or matter b: profuse or exuberant in words, expression, or style; a copious talker.

3: present in large quantity: taking place on a large scale; copious weeping, copious food and drink.


Well, okay so this word will do. I know I want plenty of what ever it is I desire in my life; money, healthy, patience, joy etc., … So I’ll sign up and create a copious life!

When pronounced, copious sounds very similar to Copia’s. After researching and discovering a linguistic connection these two words have, I thought Copia was quite nifty! Since this blog is about money and I think women (mostly) will read this blog, I gave Copia a purse (because most women can relate to having a purse) instead of a goat’s horn.

So there you have it. That is who Copia is. Hopefully she resonates inside each of us.

Cheers to a life of abundance – A Copious Life!