When it comes to making money it’s not just about what you do to bring money in but how you handle money as well.
What I’m taking about are the actions you take with your money. Actions such as:
- Tracking your income.
- Paying your bills on time.
- Filing your receipts in an orderly fashion (just stuffing them in a draw doesn’t count).
- Sending out your invoices on time.
- Having an empowering conversation with a client who hasn’t paid you for some time.
Taking action is what will start the momentum, and help you to build and maintain it.
Try this, start saving $10.00 a month in an envelope. My clients find that when they do it they want to save more, and they also pay more attention to their money actions so that they can do so. It’s a jumping off point for them and they start to see amazing results that happen just from this one exercise.
If you own a business, you need to take consistent money actions that allow you to run that business as a business. If not, it is as if you are saying that you do not respect the business.This carries over to yourself personally and your clients as well.
I talk more about this in the 4th webinar 5 Key Money Areas training. Hop on over and listen now and then determine what ONE thing you will start to do right now. You must get into action in order to reach your success.
Comment or drop me a personal email at kim@kimravida.com to let me know what your one thing is!
I like your physical idea of taking money and putting it in an envelope. I used to do this a couple of years ago and switched to a bank account of paying myself plus 10% going to retirement bank account so I feel like I am not physically feeling the savings anymore! Thanks for this great tip!
Karen, you hit the nail on the head. PHYSICAL. By doing so physically it helps us to connect with our money as opposed to disconnect. We can disconnect by swiping a debit or credit card and through online banking. Of course, there is value in doing things online but taking cash out of the bank whether it be to pay for groceries, move to a savings account or put into an envelope really helps us be connected to it.
–Kim
There is something about being able to touch a tangible thing. At one time I remember I did not use a bank for saving ( long story), however I always a fair amount saved in an envelope. It could be psychological, I don’t know but it works.
Juan, your comment makes me smile. It doesn’t matter where you have your money as long as it works for you! Keep it up!
–Kim