I usually talk about creating more income, but it’s also important to manage it wisely. If it’s not managed wisely there will come a time when you can no longer earn more and you have nothing to show for all your hard work. The problem for most of us is that no one every taught us about money management. Most of us didn’t have great role models because no one ever taught them about money management either. I’m no financial consultant and this is not financial advise. It is, however, what a small percentage of people do to manage their income. Unless they inherited more money than they can spend those with an inheritance need to know how to keep it safe. The first step is always to keep a record of the incoming and outgoing cash flow. If you don’t have that written down you cannot manage anything. The second thing to do is reduce your expenses to be lower than your income, or add another income stream. It doesn’t matter which you do really as long as you end up with a surplus every week or month. Clear all your debts, no exceptions. Begin using the surplus money to invest. Clearly I can’t give you all the details in an email, but I can link you to an excellent book on the subject which will make this so simple to follow along you’ll wonder why you never found this before. Hopefully, by now, you’ve realised that making more will only help when you manage it better. Regards, |
Where the marketing is easy.
