Many people forget what money is about when they are just trying to pay bills. If you work all week, you may think “I am bringing home $400!”. But after you take out what the government gets, health insurance, lunch, gas, other random bills, going out and having fun money, you are left with nothing. This is the process of working to pay your bills. You should be trying to live. How can one live if they have to work all the time just to pay their bills before fun time? Well, go back to our “08.14.11 – Today’s Tip – You’re a business so make it your business; Incorporate your company and make a difference starting with running you like one.” about Incorporating yourself. Owning a company name is very helpful in starting this.
Where next? When trying to turn your life from “Hour vs Money” you must look to the 8 physical assets you can possess. What is an asset vs a liability? If you own something and are paying to have it, that is a liability. If you just sit on your couch all day and earn money through your ownership of something, that is an asset. A stock, Bond and Mutual Funds are the most common form of assets. So, take what money you have and start learning how to invest it into going from “Hour vs Money” to “Money vs Hour”. Let your money work 24 hours a day instead of you working 8 hours a day just to pay your bills off at the end of the week.
Another advantage to taking control of your worth of life is never spend over your totally budget. Don’t live over your means. If you can’t afford it, you don’t need it right now. The same goes with working to make something of yourself. You are barely making any money so why spend $1,300 on 144 shirts when you can spend $130 on 500 stickers. You just spend 10% on 66% more bi-product/Marketing. You are worth a lot more than .16 cents a minute. Now start researching all you can on making that a reality. OR, if you can’t find the time, direction or ability to do it, then find someone who does know what they are doing. Like a Consultant Firm…