Most of us think that if we had a unlimited amount of money then we would be rich. And, if we were rich, we would be able to do certain things that we may not be doing right now. Things that money can buy, material items, cars, boats, trips, clothes, toys, travel, houses all over the world, etc. We all have a mental list of what we might do if we won the lottery, or somehow had a windfall of money.
The song Money, Money, Money says, “All the things I could do, I’d be in a rich man’s world. ” I wonder how much truth there is to all the things I could do, you’ve heard of lottery winners losing it all within a few years. This is precisely because they haven’t changed their habits around money.
In reality, you can do anything you set your mind to and create a plan for, including bring in money. No, it most likely won’t come in a windfall, or a lottery winning. For most people it is from dedicated work, brilliant ideas, smart investing, and maybe even from generations before you who pass it down. What if you could change all that?
There are certain habits we have around money, mostly learned from our upbringing. There are ways we use our money and spend it. For example, do you buy used or new cars? Do you go to second hand stores or are you a person who must have the latest techno gadget no matter what it cost. Or how do you take care of money? Do you balance your checkbook, have retirement accounts, or a plan for your later years? With the high use of debit cards many people never even track their money other than to look at the balance.
“You best know which part of your business is bringing in the money or you’ll be out of business”, that’s what my Dad always said. He taught me how to examine the numbers of any business and use that analysis to make wise decisions to keep afloat and prospering. How are you doing in your business?
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