I see it all the time, people taking money for granted. No I’m not talking about a person walking by a penny and not picking it up. I am referring to the thousands of dollars every year being funneled out of bank accounts and into the hands of the already filthy rich companies. Banks everywhere are making out with your money. Credit Card companies are buying businesses with your interest payments. Auto Sales men are funding their pockets with every signature you sign on the dotted line. Higher Education is laughing to the banks because of the 1 trillion dollars in student loans debt.
What happen to thinking about good old numbero 1 from time to time? What happen to making You, Inc. more profitable and self-sustaining by stashing your cash? If you keep throwing money in the wrong direction, it will eventually make you feel like taking two steps back and no step forward. I am ready for a challenge to take You, Inc. into the next level of success with money management. How do you ask with a blank stare are you going to do this? Well it is simple by not taking money for granted. By sending it express mail in the right direction, thus having the little green dollars work hard for you. It’s real easy send it to your online bank account and build it every month for emergencies. Once a real emergency occurs, then take out your free online money. By now the money you have been saving is making you free money by compounding.
I will mention a few more steps below in the action plan to increase on my bottom line aka Net Worth, but I am also ready to hear from the readers as well on their master plan. Being mature with money strategies will pay you a thousand times over, then the latter. (Being immature)
Why you should not take money for Granted: Action Plan
1. Decide here and now that you will not be wasteful with green backs.
2. Set up a purpose for every end of the month surplus (which you will now have)
3. Send the money in the investing or debt repayment direction
4. Find extra income on slow work days
5. Kill it at your day job and ask for a raise
6. Increase 401K after every raise by 1%
7. Divide windfall money by priorities / goals
8. Reinvest and watch the money Grow
I think I just hit a home run with these money management tips. When the dollars are told where to go, then I know you will be in the position of prosperity. Now do this plan for 10 straight years and you can breathe easy while taking many steps forward. You, Inc. will continuously grow in Net Worth and financial expertise. It’s like giving yourself free grant money. Because you are funding your own future.
News Flash: When compound interest is in your name then you are earning money on money. This instead completely negates the banks making money on your money.
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Rich Uncle EL