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Business Lifestyle Personal Development Personal Finance Success Tips Wealth Creation

Treat Your Personal Finance Like A Business

In this present economic climate, it is vital that you treat your personal finance like a business.

So what does a business have in common with you?

First and foremost, a business provides goods and services and in return generates income.

Secondly, in order to provide these goods and services a business incurs expenses.

Third, in order to expand and grow, a business must invest what ever cash is left over at the end of the week, month or year in it’s growth or borrow money for growth.

Treating Your Personal Finance Like A Business

Just like a business, you go to work to earn income in order to survive.

In order to provide for your basic necessities such as housing, food, transportation etc, you have to incur some expenses.

The difference between your income and your expenses is what is left over for investments.

Investing in income producing assets is the key to your personal financial well being and wealth creation.

You must change how you manage your finances in order to position yourself financially.

Steps On How To Be Secure Financially

  • Create a budget and stick to it.
  • Know your numbers, i.e, know your total assets, liabilities and networth.
  • Increase your income.
  • Decrease your expenses.
  • Invest your positive cashflow in income producing assets.
  • Never fall into the lifestyle expense creeps. Basically, because your income increases doesn’t justify over extending yourself.

These steps might seem simple however, it will require a complete paradigm shift in your thinking to pull this off.

These are the same steps I am applying in my journey to growing my wealth and financial independence.

By staying focused, disciplined and committed, you too can learn to treat your personal finance like a business.

The Main Reasons Why You Are Broke.

Think Of Money As A Tool.

How To Create Your First Budget.

Categories
Lifestyle Personal Development

How to Improve Your Personal Life

This post shows you how to improve your personal life.

When you are ready to improve your personal life, you must turn your wants into needs.

I need to be successful, be a great parent, need that promotion, need to save my relationship, etc.

How To Improve Your Personal Life

Most of us spend time convincing ourselves that our dreams will never come true.

We may feel that our dreams do not amount to anything.

Low self-esteem affects our quality of life.

You can turn the negative thoughts into positive reflections, which will enable you to improve your personal life.

The next time you have destructive thoughts, take a deep breath and say to yourself, I love myself, just the way I am.

Learn to walk tall and think about what you want to accomplish.

Create plans, write down your goals, and take action.

Steps In Becoming A Better You

Thinking positive is a great way to improve overall personal life.

Surrounding yourself with good influences will encourage you to acquire better behaviors.

You will learn to practice these new habits daily.

Conquer your bad habits and you will improve your personal life.

Tips for personal development and growth

You must learn to say no.

Our natural instinct is to help others.

Are you sacrificing your needs to take care of other people’s needs?

Are you taking actions to stop activities that spreads you thin?

If you spread yourself too thin, it will lead to sleepless nights, since you will feel anxious and depressed.

Do you constantly keep yourself in the center of conflicts?

If so, avoid this situations at all cost.

Try to stay away from situations that drag you down and take you beyond your control.

If you are focusing on the wrong things in life, you are not improving your overall personal life.

Do you tell yourself that you are not good enough?

Do you feel like you deserve what you get even though what you get causes you sadness?

For some people, it is easy to focus on negativity, which causes them ongoing depression.

What you are doing is taking away opportunities from yourself.

For some people, this seems selfish, or boisterous, yet it is not.

Learn to become your own best friend and give yourself compliments.

Stop focusing on your self and criticizing your every move, and forget about past mistakes and focus on your future.

Sure, we can say it is easier said than done; yet if you put in the effort it is much easier.

On many occasions, we do not take responsibility for our own actions.

We had rather live a life blaming others for our mistakes or misfortunes.

Do not obsess over past mistakes, and stop blaming others for your misfortunes.

We all make bad choices in life, own up to them.

This is a part of life.

Learn from your mistakes and move on.

Treat every failure as a learning experience and in due time, you will improve your personal life.

How To Set Goals.

The 7 Keys To Success.

Categories
Personal Development

How To Set Goals

Here’s how to set goals.

First of all, don’t confuse wishes or desires with goals.

Often, people want things, situations or accomplishments, and call these goals.

Then they’re disappointed when they don’t get them. Just naming your desires isn’t effective goal setting.

Good goals have some or all of the following:

Goals Must Be Specific

A goal like, “I want to be healthy” is too general. “I want to lose weight and walk three times a week,” is better.

Goals Must Be Measurable

Exactly how many pounds do you want to lose?

How much money do you want to make?

How will you know if your relationship is better?

Goals Must Be Attainable

There is no point setting goals that are not attainable.

Setting a goal to make $1 million dollars in 1 month is unattainable.

However, setting a goal of making $100,000 in 1 year is attainable.

Goals Must Be Realistic

Goals must be realistic.

Unfortunately, even if it is possible that you could become an astronaut, if you’re already 55, you better try to become a pilot for now.

Unrealistic goals set you up for failure.

Goals Must Be Time-Bound

They have specific deadlines.

By what date will you have a new job?

Setting target dates really help you measure progress, and motivate yourself.

Good goals consider personal factors. Will you succeed if you feel like you don’t deserve it?

Possibly, but unlikely.

You have to learn how to set goals for your personal development as part of any other major goals.

They’re followed by action. A secret of motivation and getting where you want to be is to start with any movement towards the goal.

Action begets action. Start slow if you must, but start.

They’re not written in stone. All major goals naturally evolve.

Why would you become a family doctor once you learned that you liked doing lab work better?

A change of course and an excuse are not the same thing, but to know the difference requires a certain level of self-awareness.

Develop that, and you’ll be more likely to get to where you want to be.

An easy way to remember these steps is by the acronym SMART.

S stands for specific, M for measurable, A for attainable, R for realistic and T is for Time bound.

The Main Reasons Why You Are Broke.

How To Improve Your Personal Life.