"You have not lived today until you have done something for someone who can never repay you.” John Bunyan.
These are some of the hidden secrets of successful people that perturbs many ordinary people as to why affluent people make it habit to donate part of their wealth to charity, churches or programmes that uplift humanity. The secret that they know that you don’t know is that by giving there are automatically inviting tonnes of blessings in their lives.
Unfortunately the ordinary man defines that as luck but it is not, it a consequence of an action and it one of nature rules that always works. The more you give the more you attract BUT Give to give and don’t give to get. Some give money and some give their lives to humanity but irrespective of what you give the consequence is perennial blessings.
If you start practicing the “miracle of giving” today the universe rearranges itself to greatly bless you with more than you desire.
There is an exciting mystic power connected to giving, and this concept has been scribed from biblical times and holds true to that. In many interviews that have been carried amongst millionaires all of them hold the issue of giving so dear that they do it with all their hearts. They give their income readily because they have come to understand the power of giving.
One of the Money Mind Rules of Money is that 10% of what you earn must be given to your church, a charity or any noble cause that seek to advance disadvantaged people. In MoneyMind today we unravel the mystic but undeniable miracle of giving.
Success is not necessarily for religious although many self-made millionaires and successful people are deeply spiritual. However it will not hurt to draw inspiration from the Bible “Whoever wants to be successful should be the servant of all” In your pursuit of success giving from the goodness of your heart seems to somehow garner the goodwill of the universe. You align yourself with the goodness of the world so long as this is done with humility and when you are discreet about it.
Nobody needs to know that you helping people and you don’t do it for recognition but you do it because it the right thing to do. If you do your life will overflow with abundance.
Giving makes you content and when you are content you feel fulfilled and when you feel fulfilled you become positive and you will certainly experience the miracle of giving. They say a blessed life is not a lucky life.
Religion expert Daniel Brown inspires the proposition on the miracle of giving and I quote “ Blessing is neither a random occurrence nor luck, it is a consequence linked to something we have previously done…we can step into blessing anytime we choose.”
Getting blessings and goodwill from the universe no matter which religion you are from is a deliberate choice. Therefore it is no accident why millionaires give away 10% of their fortune and here is the exciting thing, you don’t have to wait to be a millionaire to start giving. If you start giving now you are attracting blessings but remember this has to be done with humility. Start today to buy school uniforms to the needy, a pair of shoes because winter is approaching and you will experience abundance like never before.
I need to emphasize that it must not be done for show off, It must be done for its purpose. The joy of giving must be for the person who gives and the grace and blessing are inherent. Our biggest and foremost purpose is to lend a helping hand to one another. The very notion of helping improves your self-worth, knowing that you have done some good to the society and you become content and fulfilled.
The spiritual effect of giving gives you inner peace, the contentment that you have are playing your part, the inner tranquillity that you pushing somebody else closer to their destiny, the knowledge that abundance on its own does not fulfil but purpose fulfils and that is the miracle of giving.
You will start to appreciate the miracle of giving, when you understand that our successes are inextricably bound to one another’s, because it does not make sense for you to amass wealth when the rest of the people are swimming in a lake of poverty. You cannot be a good neighbour when the old man next door does not have a roof over his head but you continue to live as if nothing is amiss.
Somebody might be asking themselves why is it my problem? It is not your problem but you have an opportunity of amassing great goodwill from the universe by being noble and by knowing that blessings are a choice. You can choose a life of abundance or a life of unpredictability. Start giving today
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This century is always looking at improving new super high speed technology to make life easier. On the other hand, beckoning as an emerging fierce reversal force to equally match or dominate this life enhancing super new tech, comes swift human adversaries which seem to have come to make living on earth even more difficult.
The recent discovery of a pandemic, Covid-19, which moves at a pace of unimaginable and unpredictable proportions; locking people inside homes and barring human interactions with its dreaded death threat, is currently being felt.
Member of Parliament for Kanye North, Thapelo Letsholo has cautioned Government against excessive borrowing and poorly managed debt levels.
He was speaking in Parliament on Tuesday delivering Parliament’s Finance Committee report after assessing a motion that sought to raise Government Bond program ceiling to P30 billion, a big jump from the initial P15 Billion.
Government Investment Account (GIA) which forms part of the Pula fund has been significantly drawn down to finance Botswana’s budget deficits since 2008/09 Global financial crises.
The 2009 global economic recession triggered the collapse of financial markets in the United States, sending waves of shock across world economies, eroding business sentiment, and causing financiers of trade to excise heightened caution and hold onto their cash.
The ripple effects of this economic catastrophe were mostly felt by low to middle income resource based economies, amplifying their vulnerability to external shocks. The diamond industry which forms the gist of Botswana’s economic make up collapsed to zero trade levels across the entire value chain.
The Upstream, where Botswana gathers much of its diamond revenue was adversely impacted by muted demand in the Midstream. The situation was exacerbated by zero appetite of polished goods by jewelry manufacturers and retail outlets due to lowered tail end consumer demand.
This resulted in sharp decline of Government revenue, ballooned budget deficits and suspension of some developmental projects. To finance the deficit and some prioritized national development projects, government had to dip into cash balances, foreign reserves and borrow both externally and locally.
Much of drawing was from Government Investment Account as opposed to drawing from foreign reserve component of the Pula Fund; the latter was spared as a fiscal buffer for the worst rainy days.
Consequently this resulted in significant decline in funds held in the Government Investment Account (GIA). The account serves as Government’s main savings depository and fund for national policy objectives.
However as the world emerged from the 2009 recession government revenue graph picked up to pre recession levels before going down again around 2016/17 owing to challenges in the diamond industry.
Due to a number of budget surpluses from 2012/13 financial year the Government Investment Account started expanding back to P30 billion levels before a series of budget deficits in the National Development Plan 11 pushed it back to decline a decline wave.
When the National Development Plan 11 commenced three (3) financial years ago, government announced that the first half of the NDP would run at budget deficits.
This as explained by Minister of Finance in 2017 would be occasioned by decline in diamond revenue mainly due to government forfeiting some of its dividend from Debswana to fund mine expansion projects.
Cumulatively since 2017/18 to 2019/20 financial year the budget deficit totaled to over P16 billion, of which was financed by both external and domestic borrowing and drawing down from government cash balances. Drawing down from government cash balances meant significant withdrawals from the Government Investment Account.
The Government Investment Account (GIA) was established in accordance with Section 35 of the Bank of Botswana Act Cap. 55:01. The Account represents Government’s share of the Botswana‘s foreign exchange reserves, its investment and management strategies are aligned to the Bank of Botswana’s foreign exchange reserves management and investment guidelines.
Government Investment Account, comprises of Pula denominated deposits at the Bank of Botswana and held in the Pula Fund, which is the long-term investment tranche of the foreign exchange reserves.
In June 2017 while answering a question from Bogolo Kenewendo, the then Minister of Finance & Economic Development Kenneth Mathambo told parliament that as of June 30, 2017, the total assets in the Pula Fund was P56.818 billion, of which the balance in the GIA was P30.832 billion.
Kenewendo was still a back bench specially elected Member of Parliament before ascending to cabinet post in 2018. Last week Minister of Finance & Economic Development, Dr Thapelo Matsheka, when presenting a motion to raise government local borrowing ceiling from P15 billion to P30 Billion told parliament that as of December 2019 Government Investment Account amounted to P18.3 billion.
Dr Matsheka further told parliament that prior to financial crisis of 2008/9 the account amounted to P30.5 billion (41 % of GDP) in December of 2008 while as at December 2019 it stood at P18.3 billion (only 9 % of GDP) mirroring a total decline by P11 billion in the entire 11 years.
Back in 2017 Parliament was also told that the Government Investment Account may be drawn-down or added to, in line with actuations in the Government’s expenditure and revenue outturns. “This is intended to provide the Government with appropriate funds to execute its functions and responsibilities effectively and efficiently” said Mathambo, then Minister of Finance.
Acknowledging the need to draw down from GIA no more, current Minister of Finance Dr Matsheka said “It is under this background that it would be advisable to avoid excessive draw down from this account to preserve it as a financial buffer”
He further cautioned “The danger with substantially reduced financial buffers is that when an economic shock occurs or a disaster descends upon us and adversely affects our economy it becomes very difficult for the country to manage such a shock”