“Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much.”
Managing finances is not a simple task. It requires building the right skills and learning and exercising the right principles. It’s important to learn these principles with your first job (which may not be paying all that much) so when you do receive an increase you’ll have the know how to manage it well.
1. Spend less than you earn. If you spend it all, you have nothing; plain and simple.
2. Open a savings account. It is important to have a savings account with money that you add to monthly in case of an emergency. They will happen to you and it’s best to prepare the funds now.
3. Cut expenses until you earn additional income. There is always something you can go without whether it’s reducing your cell phone, cable, or utility bill. Find out
4. Create Income. You are creative, talented, and smart and there is something you can share with others to create an additional stream of income. Can you do hair? Babysit? Make beats? Do it!
5. Invest in stocks. Let your money make you money. Read books, follow blogs, but learn everything you can about investing your money.
6. Create a spending plan. Don’t just be frivolous with your money. As soon as you find out how much you’re expecting, sit and plan out how it needs to be spent.
7. Handle those credit cards wisely. The best advice I received is don’t borrow from your future to pay for today. It’s good to develop credit if you can manage it but it’s not wise to max out your credit cards for clothes, fast food, and hanging out.
Question: What’s the #1 tip you’ve heard about managing money?
Let me know below…
Courtesy of Can Stock
You have to “be” before you can “do”, and you have to “do” before you can “have”. -Zig Ziglar
I was reviewing some notes from a conference I attended 4 years ago and I came across this quote from Zig Ziglar whom I had the pleasure of hearing speak before he passed away. There was something about it that resonates with me this week in the power of “being”.
He says that we must first “be”. What does that mean exactly? It means that we must first make a decision as to who it is that we are becoming. Who are we growing into? Who are we transforming or turning into? What are we made of? What has God designed us to be? It means that we must develop self-awareness. Self Awareness is having a clear perception of your personality, including strengths, weaknesses, thoughts, beliefs, motivation, and emotions.
Do not conform to the pattern of this world, but be transformed by the renewing of your mind. Then you will be able to test and approve what God’s will is—his good, pleasing and perfect will.
Romans 12:2 NIV
When I share my most challenging times in life, I realize that it was a result of losing my standards. I’ve always had a high regard for living ethically and doing what’s right, but there came a time when I no longer cared and I wanted to just live freely like everyone else.
What helped me most in “getting back on track” was remembering the high standards in my life and going back to them. I realized that my attitude towards myself and my life had to change for my life to change. I needed a renewing of my mind.
Interview on the Inside Out LIVE! Show with Traci Campbell. I still offer business consulting services to those who are interested in starting and growing not only your business but personally as well! Check it out
||June 1, 2013
||Inside Out LIVE!
Web Tool to Engage Disconnected Youth
Check your approach. If that child doesn’t want to be in your group, assembly, or class, monitor your approach. It may be time to switch it up and meet them at their point of interests. Ask a simple question via text messaging where the kids get to use their phones to voice their opinions.
A cool app like Poll Everywhere will allow you to open up the conversation or give shout outs to one another. Check it out at http://www.polleverywhere.com/
Can I be real with you today? This week has been an extremely stressful week for me but one that caused me to think. I was thinking about the limitations that have been placed on my life and who put them there.
I couldn’t help but feel that I kept reaching for new goals, but I felt that the power to accomplish them was in someone else’s hands and it caused me to feel that I was lacking in some areas. I don’t like feeling that way and I had to check myself and remind myself who and whose I am.
This presentation was created from the powerful words of women who I feel are speaking to our black girls today. Listen to the words and take them to heart. This is your life and your story can and should be the beautiful tale of your determination, strength, and commitment to what you believe in!
What’s your top goal to accomplish before the end of the year?