A recent survey showed that 60% of us don’t keep a budget. Close to 20% hasn’t a clue where their money goes each month, yet 43% do spend more each year than they earn. Almost a third pay no attention to interest rates on their credit cards, even while carrying an average debt of $15,000 per household. r
One of the greatest hardships a person can face is being burdened by debt. In addition to paying off the original loan, interest (often at extremely high rates) continues to add to the total, making the ultimate pay off far higher than what was borrowed in the first place. r
This is probably the number one money myth that drives us away from living our dreams, passions, and true talent and consequently realizing abundant wealth from those gifts and inspiration. And it is not only a major money myth, but it is a big fat convenient excuse keeping you from investing in yourself. r
Can’t afford It.” How many times do we repeat this in a day? It has been astutely stated, “possession is nine-tenths of the law.”
It is also the basic tenant of advertising that by repeating something over and over again, it becomes truth. r
Starting your own small business can seem like a daunting task at first. This is why many people never attempt it. However, if you break up your duties into smaller tasks, it doesn’t have to be overwhelming. In fact, if you follow these steps to starting a small business you may find that you’re a profitable entrepreneur in no time.
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One of my favorite posts on this blog is the one that is titled “It’s Ok to Spend Money on Stuff You Love”, simply because it vindicates my position in the standoff that I currently have going on with my spouse. I feel that it’s ok to spend on the things that we both enjoy while he insists that they’re frivolous expenses and that we need to save our money for the future. r
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