If you were not before, it is certainly more critical than ever to give yourself at least 10% of every dollar you get regardless of the amount. Allowing all of your bills to consume your money each month can leave you with nothing more than a feeling of being "broke". You should be the first creditor in line with their hand out for your money. It is also important to have money available after you pay your bills to cover unexpected expenses (i.e. car repair, medical co-pays, etc.). Pay yourself first.
Kristal Anderson
Recent Posts
Entrepreneurs are always seeking to find new & different ways to grow not only their company, but also their personal development. We’ve summed up the 10 best tips that I’ve used in my 20+ years of being an entrepreneur who wears many hats. These 10 tips vary from budgeting, to expanding, personal recharge, and many more to give you a well-rounded list of actions that you can take to enhance your small business & personal development as an entrepreneur.
Would you like to know if there's anything more you can do to stretch the money you have coming in these days? Well this article is for you. We've thought of six actions you can take to make sure you're getting the most out of every dollar you're working for.
Our children may or may not want to take over the family business one day. Either way, as business owners who had to learn how to manage the dollars we bring in, it becomes important that we teach our kids how to earn and manage their own money, so they will grow into financially responsible adults. This article provides a few topics we recommend you discuss with the young adult(s) in your family.
When you are a small business owner wearing many hats, it is easy to get lost in putting out fires daily versus being able to spend some time directing and strategizing your business. As we embark upon a new year, I thought it would be a great time to offer five quick ways you can "recharge" yourself so that your business can soar to new heights. Check out these tips and make a plan to implement them into your new business strategy...
Budgeting is a method for gaining better control over the money coming in and going out of your business (cash inflows/cash outflows). While most look at budgeting as a daunting task, it should be an exciting step towards wealth creation. Below are a few quick tips on what you should keep in mind when building a budget (or creating wealth) for your business and ultimately yourself:
Owing the IRS can be a very daunting experience that causes many individuals to run and hide from IRS notices that demand payment. However, as with most things in life, you cannot hide forever and typically the time comes when you may be faced with having to deal with a levy on your paycheck or bank account. A levy is a legal seizure of your property to satisfy a tax debt. Having an IRS levy released requires your immediate and full attention to resolve the matter quickly and before a loss of needed income to pay our bills, etc results.
Financial freedom is gained by accumulating wealth and being fiscally responsible with it. The financial habits and attitude you have about money is critical if you're going to reach this goal. Becoming wealthy is possible for anyone who is willing to practice foundational "money rules" we discuss in our free e-book, "A QuickGuide to Wealth-Building in 2018." Not implementing a solid financial strategy can be considered as taking a gamble on your financial future and most often, winning is not the outcome.