You’ve been made to believe several money myths and these might be the reason why you’re struggling financially.
If you’ve read the article I wrote about money myths, then here are more money myths you might need to revisit.
From figuring out what to wear, or eat, to more complex ones like business or relationship decisions.
A typical day involves lots of decision making at home and at work. Sometimes, we become indecisive given the different options available and just let others decide for us.
As for entrepreneurs, the challenge is bigger because not everything decisions can be delegated. And as an entrepreneur, you’re the leader of your business so you can’t afford to make poor decisions because the whole organization will be at risk.
Good thing decision-making skills can be improved. The more experience you gain with making decisions, the more comfortable and confident you become.
How do you improve decision-making skills?
Here are some tips. [Read more…]
Steve Jobs of Apple.
Jack Ma of Alibaba.
These are three of the world’s most successful and most influential leaders of the 21st century.
Can you be like them? Or maybe you think, “But I’m not a technical person.”
Or, “I’m not intelligent at all.”
You don’t have to be a special snowflake to become a good leader. Leaders are made not born.
With enough experience and skills set, you can be a leader at your own right. A leader, who may not be as big as the three I’ve mentioned, but one who can help a company or small business reach its goals.
So, want to become a good leader? Here’s how.
Have you always wanted to ditch being an employee and go on your own?
Have you always believed that greater things are bound to happen but not inside the four walls of your office?
Quitting work to be an entrepreneur should not be a spur of the moment. It takes careful planning. And it should start with the right mindset.
Do you have what it takes to be an entrepreneur?
Ask yourself the following questions and let’s find out if have what it takes to be an entrepreneur.
What do you see?
Are there old receipts, bills, coins, photos, credit cards, discount cards, IDs, etc?
A fat and a bulky wallet is not always a sign that you have a lot of money. It’s most likely a sign that you are disorganized.
Sudden hospital visits, accidents, house repairs, major car fix, typhoons, disasters, or and unemployment.
Do you have money to spare if any of these things happen?
In case your answer is none, think again.
If you’ll be using your credit card, take out a loan or borrow money from other people is your solution, you might find yourself drowning in debt later on.
Do you still remember your new year’s financial resolution?
How did it fare?
Are your financial goals closer to reality?
Or do you think you failed?
It is never too late. It’s time to perform a financial review.
What went right and what went wrong? What are the strong points to retain and what to work on?
Your finances can still be fixed if you are still willing to start all over again.
How to make it right before the year ends?
And maybe you had these lofty goals and aspirations like:
Want to be debt-free.
Save for retirement.
Get out of old habits and finally achieve financial freedom.
Do you still remember how inspired you were when you initially made your financial goals? How focused you were to change for the better?
Is the excitement still there? Can you still feel the burning desire to succeed?
If yes, congratulations! Keep it up!
If no, that’s normal. But don’t give up and let’s get you back on track!
So, how to stay motivated in keeping your financial goals? Here are some tips to help you never lose your motivation.
Do you work a lot trying to save for your retirement?
When was the last time you took a vacation or treated yourself with a simple weekend getaway?
Because of our responsibilities, sometimes we forget to live. We can be so busy planning for the future that we take the present for granted.
“I need to save for my emergency fund.”
“I need to secure an insurance.”
“I need to prepare for my retirement.”
These are great goals to have but make sure while you’re preparing your way to financial freedom, you’re still enjoying life.
Yes, you can have financial freedom without being stingy. We don’t have to deprive ourselves of the good things in life for fear of losing money. We just need to be smart in handling our finances.
So how can we save and at the same time enjoy?
Try these simple tips.