My wealth is rotting away in my Favor Bank.

Posted on October 10th, 2007 by Wilma (8 Responses)

 I left huge wealth rotting away in my favor bank and I didn’t even know it. No wonder I experience lack.

What am I talking about you may well ask?


I am talking about Rita Goldman and how she uses favors to trade with.

And who is Rita Goldman?

Rita Goldman is an American writer who at some point in her life leaves a comfortable life to go traveling.
She does that with little money and a determination to go off the beaten track and to live in isolated communities in foreign countries.
This means she needs to find creative ways to trade as money alone could not get her all she needs and wants and in the process she learns about the enormous value of the currency of favors.
Her book ‘Tales of a Female Nomad’ is a fascinating read and in this book she describes her trade in favors, the only currency that gets her what she wants in the fascinating foreign communities she is visiting.
She writes;
“…the whole world is one giant ‘Favor bank’. We go through life making deposits whenever we do favors for people and that means that whenever we need a favor, we’re entitled to a withdrawal. It’s just as important to take out as it is to put in, because each time we accept a favor, we are allowing someone to make a deposit. I like introducing this idea to people who have trouble “taking .”
This makes huge sense to me and it puts all my ‘helping’ and ‘asking’ issues in a new perspective.

What got me was the importance of giving AND asking favors and the idea that it is a currency in itself.

 

What I have been doing so far has been equivalent to giving the bank my money and then feeling lack because I don’t access the money when I want or need it.
How weird is that, giving the bank my money and leaving it there?
Well, I am doing the same weird behavior around contributing and asking.
But Rita Goldman regularly deposits favors into the favor bank and regularly makes withdrawals. Rita gives AND takes, freely and regularly. Rita flows favors back and forth.

It is funny how John talked about having credit with the universe a long time ago. And I see that he contributes AND asks for withdrawals.
As a result Rita as well as John contribute freely and never feel used or resentful.
They are clear how to respond to requests and they have no problems with withdrawals.

I also see that they understand the concept of working together for a win/win result in a non-competitive and abundant environment.
They don’t tally tit for tat. They live easily depositing and withdrawing, without keeping score, knowing that all is one.
They give WHEN THEY CAN and don’t when they can’t and ask when they need to.
When they need something they don’t hesitate to look for and ask the right person; even if the right person is a person they might never have helped in the past or never help in the future.

The difference with my asking is that I cannot do that freely. I even hesitate to go back to the people that I have helped in the past and I often miss out getting what I need or want.

So I am obviously not that clever yet with the whole favor bank thing.
I contribute, keep depositing into the favor bank but I never withdraw.
I hoard, sit on my assets and hardly ever dare to ask for favors
and in the worst scenario get resentful and feel depleted.

And as a result my wealth is rotting away in my favor bank……
How tragic and don’t tell me you squander wealth like that too.

 

 

 

 

8 Comments to “My wealth is rotting away in my Favor Bank.”

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  1. Beth Webster says:

    Wilma, Am very much looking forward to meeting you again at your party.
    Thank you muchly, while I contact the luckiest fella to come with me!
    Bestest,
    Beth.

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  2. I thought you were talking about me when you wrote this Wilma. I one day aspire to be like John and can make withdrawls comfortably and freely. Just this morning I even felt uncomfortable asking my own mother for something, which of course she was more than willing to do. I will work hard at looking at my favour bank. Thanks for bringing this to my attention.

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  3. Wilma says:

    Beth, you are a very welcome guest. Wilma

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  4. Wilma says:

    Hey Amanda, well some of our conversations lay the ground work for this post, so thank you!
    I think that we kind of forgotten this currency. In the age of working for money, it seems that money has become the only currency which with we can get things done.
    As a result there is a large focus on earning the money. Once we realize there is other currency we are freer to focus less on money generating activities such as working for dollar per hour.
    There have been attempts such as barter card, but they still work at a very linear principle.
    The favor bank is far more subtle and more direct.

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  5. Lisa says:

    Hi Wilma my first & dearest Buddy … are you telling me you’re still having issues asking for help??? ;-) I hope that you’ll ring me up soon and ask for something – I LOVE to help people: it makes me feel useful and brings me JOY!

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  6. Wilma says:

    Hey buddy, I know, I know…not asking is stingy too…
    Sometimes the whole world looks topsy turvy to me…
    I am surrounded by great pals though, like you, who you keep me in line…

    [Reply]
  7. Jan says:

    Wilma, your last two blogs have been so up my alley. Thanks for that as it makes my mind work out a bit. As for the Favor Bank, unfortunately I find it easier to deposit than to ask. I need to learn and your post pushes me in the right direction.

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  8. Wilma says:

    @Jan, the mind is very devious and never tends to go to the sunny side if left alone. Bugger if I know why…I personally would prefer to have a mind that is positive and trusting..
    It looks like if it was left to us we soon wouldn’t have anybody left to receive our good deeds. We would all be pushing our favors onto each other; you take my good deed dammit so I can flourish/deposit.

    [Reply]

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