SUCCESS

I am amazed at how many people sacrifice their financial position. That’s right – while you are busting your butt trying to create wealth through growing a business or bringing home the pay cheque, you are NOT spending the appropriate time looking into your current financial position and finding ways to improve it.

If you took just two to three hours out and reviewed your financial position, it is likely that the exercise would more than pay for itself. Then when you are working long hours, you can sleep easier knowing you are not wasting your money at the other end. Over time, it actually may mean that you can reduce your hours and enjoy life more!

A review of your mortgage, your debt management programme or setting a debt management programme and reviewing when to purchase could save you thousands.

The Money Flow
If you are like the majority of the population, your money goes into one account and you spend it until there is nothing left and you use your credit card to top up your spending, all the while waiting for the next pay cheque. With a little time and knowledge, you could actually do a simple change to the flow of money and begin to save.

Here’s an example: If you get paid monthly, you can have a great first couple of weeks and then be the poor relation for the last two weeks. The solution: Why not have your pay go into one account that you cannot access through ATM or Eftpos and transfer each week to an account your spending money – this account will have ATM and Eftpos access. This way, if you run out of funds, you only need to wait a short while until more funds are deposited. What’s more, if your spending money is less than your pay cheque at the end of each month, you could have a surplus for other things, like savings, debt reduction or investment.

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7 Ways to Succeed in a 24/7 World

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