If there’s any area of life in which you need to be free, it’s with respect to your finance. The reasons for this are not far-fetched. Of all the reasons people may adduce to the importance of finance (money), the key one is that without it, it’s impossible to continuously engage the services of other people.
Financial freedom is the goal of every right-thinking human being. It’s defined as the ability to live, on a sustainable basis, on the income from your personal resources. When you’ve attained financial freedom, your decision to work is based on choice not on compulsion. More often than not, financially free people tend to enjoy what they do. This is expected because what takes joy out of our vocation is the pressure of meeting personal needs.
What’s A Deal?
A deal, also called a bargain, is an agreement between parties (usually arrived at after discussion) fixing obligations of each (WordNet). I hadn’t always seen deals this way. My orientation changed with experience. As a dutiful staff of a bank, if someone mentioned a deal to my hearing, my first impression would be negative. No doubts, there are dirty or shady deals. However, as it is with most things in life, there’s always another side. The fact is that good deals abound.
When it comes to spiritual matters, deals are called covenants. The first deal in the Scripture was between God and Abraham in Genesis 17. There, God spelt out His obligation to Abraham and Abraham’s obligation to Him. The fallout of Abraham’s commitment evidenced by him keeping his side of the bargain was that he (Abraham) was blessed beyond his wildest imaginations – he became financially free.
Importance of a Deal
If financial freedom is your goal, the surest way is via a deal. Richard Templar in his book “The Rules of Wealth” said you cannot become financially independent working for people. What he meant was that you can’t possibly become financially free if you’re in a master-servant relationship. The only way an employee can become financial free is if, somehow, he becomes a part-owner of a thriving business such that whether he works for the company or not, he still shares in the fortune of the company.
Jim Rohn put it succinctly when he said, “Profits are better than wages; wages make you a living while profits make you a fortune”.
Attributes of a Good Deal
A good deal is unique. Hardly would you find any two good deals with identical conditions. That’s the reason why your employment letter (if you’re an employee) – a product of a standard template in your Human Resource Department in which you have no input – doesn’t constitute a deal.
Good deals are value based. This is why you can’t get rich by making valueless demands on people. Therefore, the worst group you can belong when it comes to becoming financially free is a Labour Union!
Another attribute of a good deal is that it’s always a win-win for all parties concerned. In a good deal, no one ends up with the short end of the stick. This is so because parties to a deal make contributions to the content and structure of the deal.
There’s no ambiguity in a good deal. All parties know their obligations from the outset. The terms and conditions of a good deal are clearly spelt out so that the parties concerned know what is expected of them.
What should also be mentioned is that a single good deal can set you free financially for the rest of your life. It makes sense therefore to be physically, emotionally and spiritually sensitive to good deals. I know people whose financial freedom is traceable to a single deal.
Attribute of the Parties to a Good Deal
A vital attribute of the parties to a good deal is credibility. The parties must be credible. This is to the extent that the parties will abide by the terms of the deal. If for any reason, you doubt the credibility of the party you’re about making a deal with, you shouldn’t bother going ahead with the deal.
This is why the best deal you can ever have is a deal (covenant) with God. This is because God is credible!
Deal option for an employee
Deals are not outside the purview of employees. If you’re not well treated on the job and you’re not courageous or prepared enough to take the plunge into self-employment, the best option is to improve yourself and become so valuable on the job that you become a target of corporate head-hunters.
While improving on yourself on the current job, make sure you become a profit earner by investing your wages / salaries in profit earning ventures. But make sure you’ve done your homework before embarking on any ventures. This is where being a member of the right network is valuable (read my article on ‘You Need A Variegated Network’ through the link: http://waleadeniranye.com/you-need-a-variegated-network).
Don’ts of a good deal
When you’re making a deal with people, never appear desperate. If you do, you’ll be taken advantage of. For instance, if you ever want to sell an asset and people know you’re desperate to sell, you’re in trouble. They will try and price you out of existence. To avoid this kind of situation, you must always have options when dealing with man.
With God, however, it pays to let Him know you’re desperate. As a matter of fact, letting God know that you’re done for if He doesn’t answer you works all the time. Therefore, having options is not an option with God.
Steps to a life-changing deal
First step: Be clear in your mind what you need / want
Second step: Identify who has what you need / want
Third step: Communicate your value to the person and ask for what you need / want
Fourth step: Enter into a deal with the person.
Fifth step: Perform your obligations under the deal
Scriptural References on Deals
Searching the scriptures confirmed that deal-making is biblical. The following people in the Scripture made deals that changed their lives and generations after them: Jacob struck a deal with his uncle and father-in-law, Laban, in Genesis 30. Jephthah made a deal with the elders of Gilead in Judges 11 (he later became their leader) and Rahab (a harlot) saved her entire family because she had a deal with the spies of Jericho in Joshua 2.
The story of Jacob in Genesis 30 underscores the importance of a deal to the achievement of financial freedom. After serving his uncle and father-in-law, Laban, for c.21 years, Jacob was still nowhere near financial freedom. So one day, he approached his father-in-law to negotiate his freedom. Unlike most 21st Century employers, Laban acknowledged the positive contributions Jacob had made to his life. So he offered to pay any wages that Jacob would ask for.
Jacob didn’t accept Laban’s offer. Instead, he articulated the things he had done to increase Laban’s wealth (that is, he communicated his value) and ended his statement of value with this “…And now, when shall I also provide for my own house?” (Genesis 30 verse 31). Jacob proceeded to propose a deal instead of wages and Laban agreed. That was the beginning of Jacob’s financial freedom. The chapter ended with: “Thus the man (Jacob) became exceedingly prosperous…” (Genesis 30 verse 43). To appreciate the full import of this story, I advise you to read Genesis 30 verses 25 to 43.
Lessons from Jacob’s Story
A review of the story of Jacob’s journey to financial freedom reveals the following lessons:
- You must be tired of being financially dependent for you to become financially free. In effect, you should desire financial freedom. Nothing can be achieved without desire.
- You should know what you want. This can’t be overemphasized. Jacob didn’t accept Laban’s offer because he knew what he wanted – freedom.
- The purpose of your desire for financial freedom must be strong and non-negotiable. For Jacob, the desire to provide for his family was the propelling force for his wanting to be financially free.
- Based on your value, ask for what you need from the person with the capacity to meet it. Jacob asked Laban for what he wanted and he got the deal. More often than not, you too will get the deal if you follow the right steps. One of the most important verse of scripture for anyone in need is “…Ask, and it shall be given to you…” (Luke 11:5-10).
- What you want and why you want it (purpose) are more important than how you will get what you want. It was after Jacob had entered into the deal with Laban that the idea of how to achieve the terms of the deal came to his mind. Most times, what prevents us from making the move is our preoccupation with ‘how’.
Let me know how this article has been of value to you by writing your comment in the space below. Don’t forget to share the article with your friends. Tell them to visit the website – http://waleadeniranye.com for other interesting articles.