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.

Two Must-Haves of a Successful Entrepreneur

If you read my post on the Cashflow Quadrant, then you are familiar with the four different types of people.  If you recall, the major difference between employees and specialists/small business owners is that specialists/small business owners OWN a job.  We don't have a boss who pays off.  We are our own bosses and we pay ourselves.  At times, this is a blessing and a curse.  And this is why you need two things to be successful: determination and support.

If you are not a go-getter, either you soon become one or you will give up. As a specialist/small business owner, you are responsible for everything- marketing, customer relations, social media relations, bookkeeping, etc.  And there are no paid off days.  Days that you don't work equals days you don't make money and in some cases, lose money. Consequently, you need to be pushing and making moves ALL THE TIME.

When there are days that you feel like you can't go any further (and you will have those days), you need your support team. It is also essential that your spouse/significant other is in your corner because sometimes they are the only ones who know exactly what to say or do to get you back on track.  It is so important that your person is on board that I would say that you may want to reconsider your business venture if they don't believe in it.  When you person is not in your corner for Day 1, then they will be a no-show when you have those tough days.  They may even encourage you to quit. And if you don't have an incredible amount of determination, you'll have two battles to fight: one with yourself and the other with your spouse.

I do not intend to discourage you from owning your job.  I just want to prepare you.  I don't want to paint the picture that life in the (S) quadrant is all beautiful.  In fact, it may be downright ugly.  But it does has its rewards.  Before you make any moves, I encourage you to consider if you have these two essential pieces of this entrepreneurial puzzle.  And if you don't, work on that.

Until my next post, 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.