Most people start a home a home based business because they need some extra income. What if you looked past the strain of where you are and look to where you will be if you start going to work on it now. Do some imagining and see on the conservative side what making $400 a month could do for you and your family long term. The key is making your money work for you consistently over time. You need to commit to keeping your expenses the same, consistant marketing of your business and stay on a budget and then put your home business income to work for you. What if you put that money every month into a Money Market Account at around 5.5% interest for one year.? Find an amortization calculator see what you would have. Then keep it there and as your business grows, keep putting the $400 a month into your account. Set it up automatically. Don't even think about it and in 5 years time you will be amazed at the beauty of compound daily interest. It is a beautiful thing. If you begin to look long term at what your business could do for you, you are much more likely to do what it takes to learn how to be successful and stay in the game.
Friday, May 18, 2007
Imagine what and extra $400 a month can do.
Most people start a home a home based business because they need some extra income. What if you looked past the strain of where you are and look to where you will be if you start going to work on it now. Do some imagining and see on the conservative side what making $400 a month could do for you and your family long term. The key is making your money work for you consistently over time. You need to commit to keeping your expenses the same, consistant marketing of your business and stay on a budget and then put your home business income to work for you. What if you put that money every month into a Money Market Account at around 5.5% interest for one year.? Find an amortization calculator see what you would have. Then keep it there and as your business grows, keep putting the $400 a month into your account. Set it up automatically. Don't even think about it and in 5 years time you will be amazed at the beauty of compound daily interest. It is a beautiful thing. If you begin to look long term at what your business could do for you, you are much more likely to do what it takes to learn how to be successful and stay in the game.
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2 comments:
Thanks for this post, Amber. It's so easy to lose sight of the "big picture" when you're thinking about the needs of the moment - but that's what makes it all worthwhile. I love sharing "The 2 Year Story" with people - it's on my blog, here: http://www.tiffanyblitz.com/blog/archives/17.
- Tiffany
thanks Tiffany, Rebakah linked on our other blog. It really is worth the extra time. As long as you have ong term vision and don't get out of balance, you will be glad you did:-) How's the driving weather today?:-)
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