To People Who Want To Cut Expenses - But Can"t Get Started
Are you one of those people who know you should cut expenses but just are having a hard time to actually do it? Well, this article is going to share with you something that I experienced a while back that actually made me WANT to cut expenses.
Hopefully, you'll be able to experience this feeling so that cutting expenses is something you look forward to and, therefore, make financial freedom a reality and not a dream.
The Story Like many of you, I once struggled to spend less than I made and seemed to spend every dollar as fast as it came in.
The reason why I struggle was simply because I wanted to get something with my money, and it was usually "toys.
" Then one day I was at a book store looking at a business book and I came across a simple profit and loss statement.
On one side it listed all the income and the other side all the expenses.
The income side was stagnant and the lesson was how to increase profits to grow my business.
One option was to take on debt and invest in something to possibly increase revenues to increase my profits.
The other option was WITHOUT taking on debt (risk) and still increase profits...
guaranteed! Well, I don't know about you but I was really excited to read about that less risky option and still increase my profits (and grow my business).
It was an option that Sam Walton, the founder of Wal-Mart, did really well and you can too.
The solution was simply cutting unnecessary expenses! Do you really need the "all in one" cell phone or would an older, cheaper cell phone do the job? Do you need the fully loaded computer or can the bare bones one do the job? All of a sudden, my thought shifted from form over to function.
All I was concerned about was can that gadget do the job my business needed to get done.
Here's The Key To Cutting Expenses At that particular time I was in a business man's frame of mind and what I wanted to do really badly was grow my business so I could be financially free.
Well, did you know how EASY it was to look for unnecessary expenses so that I could increase my profits risk free? Now with more profits, I could achieve my goal of being financially free a lot faster because I had money (profits) to reinvest (and maybe even treat myself to a little something for being a profitable)! A-Ha Moment Why was I so excited to cut expenses with my business but not with my personal life? Simple, because I would gain something from cutting my expenses.
I would gain financial freedom.
Treat Your Personal Finances As Your Business From now forward, every paycheck that comes in is your business' revenue.
The more expenses you trim, the greater your profits.
The more profits you have, the more you can invest into revenue generating machines.
The more revenues you have, the more profits your (personal) business will have and the more things YOU can have, i.
e.
financial freedom, bigger toys, etc.
You only can cut so much expenses so at some point you will shift your focus to generating more revenues.
Today, you are promoted to CEO.
Now go grow your company!
Hopefully, you'll be able to experience this feeling so that cutting expenses is something you look forward to and, therefore, make financial freedom a reality and not a dream.
The Story Like many of you, I once struggled to spend less than I made and seemed to spend every dollar as fast as it came in.
The reason why I struggle was simply because I wanted to get something with my money, and it was usually "toys.
" Then one day I was at a book store looking at a business book and I came across a simple profit and loss statement.
On one side it listed all the income and the other side all the expenses.
The income side was stagnant and the lesson was how to increase profits to grow my business.
One option was to take on debt and invest in something to possibly increase revenues to increase my profits.
The other option was WITHOUT taking on debt (risk) and still increase profits...
guaranteed! Well, I don't know about you but I was really excited to read about that less risky option and still increase my profits (and grow my business).
It was an option that Sam Walton, the founder of Wal-Mart, did really well and you can too.
The solution was simply cutting unnecessary expenses! Do you really need the "all in one" cell phone or would an older, cheaper cell phone do the job? Do you need the fully loaded computer or can the bare bones one do the job? All of a sudden, my thought shifted from form over to function.
All I was concerned about was can that gadget do the job my business needed to get done.
Here's The Key To Cutting Expenses At that particular time I was in a business man's frame of mind and what I wanted to do really badly was grow my business so I could be financially free.
Well, did you know how EASY it was to look for unnecessary expenses so that I could increase my profits risk free? Now with more profits, I could achieve my goal of being financially free a lot faster because I had money (profits) to reinvest (and maybe even treat myself to a little something for being a profitable)! A-Ha Moment Why was I so excited to cut expenses with my business but not with my personal life? Simple, because I would gain something from cutting my expenses.
I would gain financial freedom.
Treat Your Personal Finances As Your Business From now forward, every paycheck that comes in is your business' revenue.
The more expenses you trim, the greater your profits.
The more profits you have, the more you can invest into revenue generating machines.
The more revenues you have, the more profits your (personal) business will have and the more things YOU can have, i.
e.
financial freedom, bigger toys, etc.
You only can cut so much expenses so at some point you will shift your focus to generating more revenues.
Today, you are promoted to CEO.
Now go grow your company!
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