Are you a saver or a spender? Certainly, both are very important especially when you are an entrepreneur. Spending money is almost inevitable when you’re building a business.
The question on this side of the coin is always ROI as they say in the financial world which means return on investment. In other words for every dollar that you’re spending, is it adding to your business in an important way?
Challenge: Take a look at the other places where you spend money.
It is easy to justify spending a lot of money on our businesses and not to be giving to ourselves in any other capacity.
How do you feel about that? Is that true for YOU? I know that for me, I’m so passionate about my business that it’s much easier to spend that money on my business than it is on my health or self-care.
Using YNAB, You Need A Budget, is a great tool to figure out exactly where your money is going; whether it be in your business or personal life.
Disclaimer: I asked them if I could be an affiliate after I had gotten such good results with their product for the last few years so if you sign up using this link, we will both get a free month. Here it is.
In the meantime, think about your savings.
Who are you paying first? That should be YOU!Who are you paying first? That should be YOU! Click To Tweet
There’s a concept in the financial world called the time value of money and if you understand this, it will take you far.
Here my YouTube video on compound interest where I go into that concept in more detail.
While you are there, I would LOVE it if you would subscribe to my channel.
There’s a lot of talk in the online world about self-care. What is more important though than preparing for our future years?
What if something were to happen to you or your income? Are you set up? Are you protected? Even if it’s something you don’t want to think about.
Saving money is not a punishment!
It is a gift to that precious person who is you. It will bring you much peace and security.
If you would like me to create a custom plan for you, that would be my honour. I will search over 100 financial companies and find you the best solution to your goals. You’ll be able to look at the options (just two or three of the best) and choose easily. The work will have been done for you.
Sending you tons of light and love.
Have a beautiful weekend!