Many people feel they do not have control of their money; thus, they end up in a financial rut. Being out of control financially means you buy things you do not need with your credit card, incur a debt which you will not be able to pay, dismiss unpaid bills, not paying your insurance because of your debts and so on. Later on, you buy something expensive that you do not need and the cycle goes on, but you spend more money and earn more debts this time. You become scared and you avoid responsibilities which make you step into the wrong path. Before you know it, everything is just out of control.
For you to control your money, decide once and for all to pick yourself up regardless of the financial crisis you are in. Do this even if you do not have money. Check your assets and liabilities though this may be a scary thing to do. When you acknowledge your real financial condition, the fear will slowly evaporate and will no longer control you.
Have a budget plan and know what you buy. Always keep track of your daily expenses. After a month of doing this, you will know what are your unnecessary expenses and the things that contribute to your loss of control. When you are aware of these, you will have more choices coming your way.
Ask yourself why you have such spending habits and the explanation you have for purchasing the 5 items you last bought. Know the reasons for taking out your last loan and making such an investment. Try to recall why you bought a car and a house and if these reasons were because they were a necessity or if you just wanted to please someone and be admired. If you find out from all these questions that outside factors dictate your decision-making, you will all the more be unable to control your finances.
Do not discard your unpaid bills and check them out one by one. Be aware of where you financially stand and acknowledge that you are the lawful owner of the things you possess.
In the following quarter, do something different. You can start saving an additional $100 from your earnings, pay extra money to your debts or take a course in business or financial management. Do anything that would help you control your money.
Once you have personal integrity and are responsible enough, you will be more confident in handling and controlling your money.
hey, I’m Kim + I am ridiculously passionate about helping you to work smarter and not harder + to realize how freaking amazing you actually are, exactly as you are and how easy business really can be when you are in alignment + simplify + add systems to organize your business + plan your business growth. I’ve been geeking out about online business, online marketing + systems + personal development + all that stuff since I created my first business back in 2006 + sold it.
This whole business owner thing is not for the faint of heart, there is a reason why most businesses fail!
While the road to burnout doesn’t look the same for everyone on it there are some similarities you typically experience on this path!
- You’re always in the weeds of your business
- You don’t have efficient systems and processes (or maybe none at all)
- You aren’t delegating effectively
- You can’t take time off
- You’re trying to do too many things at once + wearing all the hats
It’s exhausting just thinking about it! But there’s a way off the hamster wheel!
If you’re overwhelmed, overworked, stressed out, and worried that if you take time off the bottom will fall out from beneath you and your business will fall apart.
Then, you are in the right place my friend, been there, done that, got the tee-shirt and I’d love to support you in ending the cycle!