Taking Out Financial Worries

“Money is everything!”  That’s the famous quote about money.  If you don’t have it, it will ruin your life and worst, lossing your relationship with someone you love.  Is that a fact or mere irresponsible thinking about money?

Having no money in your pocket means nothing to deal with stores, no malling, can’t watch movies and buy things you need and want.  It is a fact that we must accept especially living in the city that money runs everything.  Even if you’re living in remote areas, you need to have money to spend to buy petroleum for your lamps or money to buy candles, you need it for buying rice and the basic commodities…Come on, we need it in our everyday lives, friends…

We have two assets in life, physical and emotional.  Physical assets are things that we can touch, ex. money, tv, cars, etc..emotional assets are those of love, family, reationships, etc.. It is the last thing you think of losing…but we don’t want it, of course, to happen.

Here are some steps to keep your assets and earn some more:

1. Measure your Assets

We need to measure how much your assets weigh…by counting them. Make an inventory of how much do you REALLY have…I want to clear that out.  Separate liquid assets- money in a bank, cash on hand- from the fixed assets, ex. cars, houses, appliances, etc…Your assets is good without those liabilities, but it always goes along with it, so subtract those liabilities and this you will know how much assets you have left.

2. Pay what You Owe

Those credit cards and payables will have to go…bye bye and hope not to see you soon.  Pay all your debt and be proud to say…I am Debt Free! No more hiding away from friends and phone calls, looking for you. Enough of that, pay them all!

3. Save Something

Receiving those monthly incomes are so blinding.  You start to plan on buying things that you need and want.  It’s not that bad to spend few of your earnings.  In fact, you work for it, so you have to treat yourself for working on it. But hey, you need to save something before doing those things. Set aside part of your income before letting go of the rest for you luxuries and needs.  Save at least 10% of your income or 20% if you have more.  Place it in a bank for your future need.

4. Grow your Seeds

Given that you have done those 123’s, then the next is to plant and grow your seeds.  I didn’t mean it literally, but invest on something.  Having those savings in a bank, grows a little less than 1%, you need to think of a way investing it by making business, mutual funds and stocks.  But this time, you need to consult it to some experts, they know more than you.  It is such a pain losing your business and your hard earned savings just because you want to do it on your own…right?

Follow this steps and I am sure you will be proud of yourself and make your Positive Inputs Family…