by admin on September 30, 2010
I remember my grandmother saying “there’s no such thing as get rich quick”. What a terrible thing to tell a child! Why should it take a long time to earn money?
The fact is, it doesn’t have to take a long time. When I was teaching, I worked 60 hours a week (sometimes way more) and earned $26,000 a year. Definitely a “never get rich, even slowly” plan.
But, when I started in home based business, I literally did get rich quick. Within 90 days, my husband and I were earning $20K a month. Our 4th month we made $46,000, our 5th month $54,000 thousand and our 7th month $133,000 net profit! It was wild (and still is). In our first year we netted over $400,000 in income it grew from there.
So, what happens when someone gets rich quick. First, you pinch yourself to ensure you aren’t stuck in some perpetual dream. Then, you get serious about understanding money: how to manage, what to do with it, tax obligations, investments, etc.
When we first started making money, we spent a ton of it. It was like winning the lottery. Then we got a wake-up call when our taxes were do. Fortunately, we earned more but it became apparent that we really needed to be more responsible and plan.
That’s why I want to share this great tool with you. As your building your business and earning more income, you’ll want to ensure you’re being smart with your money. Your plan should include money to invest in marketing, tax savings, savings for your children, money to live on and, of course, some splurge money to enjoy the “toys” and plenty of travel.
Check out www.mint.com. It’s a free online tool you can use to monitor your spending, plan a budget and ensure you are securing your financial future with your new stream of income. I love this program because it’s very simple to use (my bookkeeper uses Quickbooks for our books, but that doesn’t keep me up to date) and has awesome charts in the Trends category that lets me monitor where my money’s going. Plus, you can add investment accounts to see what’s happening with your investments as well. You’ll be able to calculate your net worth, set goals and also plan a budget. It’s an excellent resource. It would also be very useful to teach kids how to budget and monitor their spending too!
by admin on September 21, 2010
For some, the idea of balance in their life seems like a foggy dream that one day, someday, maybe could happen. With the hectic schedule of work, family, finances, etc. etc., too often people find themselves going and going from morning to night without any sense of enjoyment or accomplishment.
A typical day involves waking up abruptly to the alarm clock, rushing around the house to handle what needs to be done before hurrying out the door to sit in traffic on the way to work with everyone else. Then, the bustle of the work place as you attempt to accomplish the job that multiple people used to be responsible for. Perhaps you’re one of the lucky few that only works an 8 hour day, but for most, it’s 10 – 12 hours and then back in the car to battle the traffic on the way home with the other weary eyed employees who long for their couch.
At home, there’s family responsibilities and duties that call – errands, bills to be paid, calls to be made. If you’re lucky, you might just have a few minutes of “downtime” that results in you sitting in front of the boob-tube “vegging out” to slow down the mind.
All this results in tremendous stress, exhaustion and a feeling of “what am I even doing this for?”
I can relate – this was exactly how my life was when I worked a job. I was working day in and day out to earn a paycheck to pay for “stuff” that I barely even got to enjoy.
The answer for me was turning to home-based business. I knew that being an entrepreneur presented way more opportunity than my job and working from home would give me the flexibility to pursue my interests: traveling, motorcycles, guitar playing, being with my wife.
It was the best choice that I made. Not only did I substantially increase my income (within 90 days I was making over $20K per month) but I finally achieved the balance and flexibility I yearned for. I am able to go to the gym everyday so, at 40, I’m in peak health and I enjoy quality time with my wife. I’ve learned how to play the guitar, bought myself a Harley I ride everyday and have traveled the world. Now that we’re expecting our first child, a baby girl, I’m able to be home to see her first smile, her first step and to really experience fatherhood. I’ve been able to experience the pregnancy with Shannon, supporting her at appointments and enjoying the moments as the time has passed.
And…I won’t have to ask my boss for time off so I can enjoy the first weeks of our baby girl’s life.
The choice to work from home and start a home-based business 8 years ago has reaped the greatest rewards of flexibility, freedom and financial security. Knowing that I am in control of my time, my income and my future gives me confidence and peace.
Are you ready to be in control of your life? Then fill out the contact form to the right and I’ll give you a call.
