How I'm Helping Moms This Summer

If I could change one thing in this world, it would be?

Financial education or the lack thereof.

Think about it.  How much formal financial education did you gotten as a child or as an adult?  Many of us received none or very little in school and learned about finances via experience or antiquated thinking.  Most Americans know very little about two things:

• making money
• managing money (budgets)
• saving money

For this reason, I am making it my goal to work with moms with summer and educate them on how to be successful in all if these areas.

Why moms?
Moms are usually the backbones to the family.  They are usually the ones who are the CEOs, CFOs (Chief Financial Officers) and COOs (Chief Operations Officer) of the family.  They are the ones who make it their number one priority to make sure that their family runs smoothly.  But they struggle with how to do that because they don't understand money.

Struggle #1 Making Money
Many moms have bought into the idea of having a job to make money.  Trading time for money is terrible thinking- especially for moms.  This notion causes them to work overtime or get additional jobs just to make more money, which, in turn, causes them to lose more and more time with their family.  I want to help moms learn how to make money without being a slave to a job.  I want to teach them that they can have a job but not  NEED a job.  And if they desire to quit their jobs completely, I want to show them how to do that too.

Struggle #2 Managing Money
Even moms who seemingly have enough income to live comfortably are struggling.  Why? They can't seem to get out of debt or they overspend.  Failure to have  a budget and/or follow it only leads to debt, overdraft fess and payday loans.  I will show moms how to allocate money for debt and manage household expenses.

Struggle #3 Saving Money
One thing that stay-at-home moms don't think about is what they would do if they husbands lost their jobs.  They haven't set up savings and/or investments to cover lost income.  Sometimes if they have thought about it, they simply can't save for such an event because of Struggle #2.  Let's work on planning so that if such a thing happens, you will be prepared.

If you're a mom who needs help, connect with me on Facebook and send me a message. 

 

Until next time, I wish you peace, patience and prosperity.

Investing Isn't For Me

Just for kicks, I reached out via Facebook to a young lady who was employed with Family Dollar and asked if she would be interested in starting her own business. Indeed, she was. She was very interested in the business after I gave her a short overview so I invited her to a call my business partners were conducting later that night for further information.

After the call, I followed up with her. She said that she was no longer interested. She said, "I don't see me in an investing business. At first, I was on sure of what she meant because my company is not an investment company. After further discussion, I learned that she meant that did not want to invest her money in order to start a business. Well, I'll admit, I laughed because what lucrative business can you start without investing money? Sure I had ways to overcome this objections but it wasn't worth it. She was an "E" and was rather comfortable there. For her and other "E"'s, having a business sounds nice but wasn't her life's burning desire. So there was no use in overcoming her objection by telling her about our alternative fundraising option to help with the start up costs. There was no use in reminding her dreams and goals in relation to her present minimum wage job at Family Dollar.  She wouldn't get it. She was an "E".  She was not the future "B" I was looking for. 

This experience reminds me of two things: the necessity of exclusivity and the nature or network marketing.  As a business owner, you must be selective with who you introduce your business to.  They have to have the mindset and desire of a business owner before they ever become one.  If not, you'll waste a lot of time with people who will quit and hurt your business.  Mike Dillard writes:

The sad truth, is that most people in this industry did not buy a business, they bought hope. And hope is never backed by true desire.  Hope is for the undecided... Don't get frustrated. 80% of people who join you will never sponsor more than 1 rep or customer. Most people simply don't have the desire at a level of 100 to accomplish their goals through their new business. They just bought hope in order to quiet that little voice inside them that keeps nagging them to make a change. Once they buy the business, and they don't make $1,000 in 5 days, they can then justify their fear of change with the "logic" that it just "didn't work", and that they knew it was a scam to begin with... This is especially true with opportunity seekers."

See, my Family Dollar friend was a hope-seeker which explains why she was so interested prior to the call.  But when faced with the reality of what she was required of her, she backed away.  She has looking for an opportunity but did not have a desire to truly pursue it, which again shows the importance of selectivity.  We must be truly committed to building a business rather than making a quick buck. And when were are, we will not have to worry so much about the 80% because that number will be nonexistent and we will not have to worry about overcoming objections or naysayers or hope-seekers.


Until next time, I wish you peace, patience and prosperity. 

What Side of the Equation are You on?

Today, my husband and I had the opportunity of begin a 3-day intensive Rich Dad training.  Rich Dad is an enterprise comprised of financial workshops, webinars, trainings, and mentorships.  If you have any desire to be totally debt free AND financially free (yes there is a difference) then it is imperative you attend these trainings.

The basis of all trainings is the concept the company's founder, Robert Kiyosaki, created called The CASHFLOW Quadrant (see diagram above). According to Kiyosaki, there are four different types of people in business.  In order to eventually become debt free and financially free, you must first understand where you are on the quadrant and understand that you cannot stay where you are and gain freedom; you MUST move.

Divide the quadrant into left and right and you will see that the persons on the left are the workers and the right side are the bosses.  Ninety-five percent of the population is comprised of the workers and five percent of the population is comprised if the bosses,   The employees are the folks with a 'D' mindset and our self-employed person are our 'A' mindset folks.  Essentially, they do the same thing, they exchange their time for money.  The only main difference is that employees have jobs and the self-employed own their jobs.  In other words, the self-employed are not waiting for so one to create or take away their jobs.  They do NOT have people telling them to risk their lives for money.  This is where employees should aspire to be.  Now the self-employed, like myself, should aspire to become a partof the right side of the quadrant and own more than just their jobs.  This is where you'll find your 'C' student.

Instead, they own businesses and money.  This is how you begin to create wealth. You grow and aspire for more.  As a big business owner, you no longer own a job, you own other people's jobs and  proven systems like McDonalds franchises or MLM businesses.  As a big business owner, you have the opportunity to hire those 'A' students so thar you can become an investor where your money controls all the other quadrants and creates an income for you.    

So which side of the equation would you rather be on: the side that exchanges time for money or the side that exchanges other people's time, talents, money and knowledge for money?

Subscribe to this blog if you are ready to migrate to a different quadrant and begin a journey to financial freedom.


Until my next post.... I wish you peace, patience and prosperity.