Multiple Ways to Improve your Finances
Sticking to just your main income if it supports all your needs is fine.
But if you're reading this, my guess is that there is a serious gap between income and your health-wealth vision.
So, finding ways to improve your finances is a must.
Having extra money can make life a lot more fun if it's castles and not fortresses that you want. So why not? Why not blog? Why not adsense? Why not Amazon? Or get a new job.
Being retired does not mean stopping work. My nurse friend charges her son for taking care of his premature baby. She reports on time and take on the work professionally.
Do the digging...and let's go with that extra income. With the internet, many options are now open to earning money for anyone prepared to do the work. Of course, you need to learn new skills. This is what I appreciate about blogging. I am forced to update my skills especially in technology.
Get out of that comfort zone and sagging mental hammock and start engaging yourself in something you have never done before. Or, find a new angle on something you're already good at.
Do something you enjoy and are passionate about
Before you know it, money will be knocking at your door. People will ask you to share with them your know-how. Magazines will want you to write something on what you are doing.
Just start and get yourself surprised. If you need inspirational literature, there are thousands of stories that back up the central notion...you will become what you dream.
Rent the movie.. The Secret.... as quick starter kit. Look at the books on Amazon and just see what is possible.
Improve your finances by investing
Start early You must have seen those graphs that showed had you invested a $1000 when you were in your twenties, you would be wealthy by the time you reach the home stretch. True.
The earlier you start, the more your gains, the joy of earning interest on interest on interest (compounding). But this is not the time for coulda/shoulda/woulda! This is the time to start.
Open an investment account with your bank. Tell them to take $50 out of your chequing account every week or month.and put it to a savings account. Then when you have the minimum required you can take action. Don't wait until you have a thousand. A few tips to start with:
Some people make sacrifices and never become comfortable in enjoying their wealth.
So, don't wait until the end. Part of your investment is making yourself to enjoy your wealth.
As you gain more, reward yourself. The more you enjoy, the more motivated you become.
If you teach your children these rules and help them get the health-wealth vision, you've done your job in the family. Enjoy your castle, you built it. Let them build theirs.
There are many things you can do to have fun in life that do not involve spending money you do not have. Do you really need that $400 purse? Or that $2,000 pair of shoes?
Burn your credit cards...well maybe that's a bit serious...but we all made the financial crisis we are in by spending way more than we earn. Only the credit card companies got rich as we paid 18% more for everything! Get smart. Get rich.
Other tips on improving your finances: