Personal budget is about handling the finances correctly. The idea of working and earning is a continuous cycle. It is an endless routine if you will not do anything about it. Are you satisfied to do the same routine again for the rest of your life?
We usually work at age 20 and retire at age 60. For 30 years you will work and earn money. In short, the idea is to be a slave for the money. We are going to work hard to earn. Why don’t we reverse it? Money must work hard for me.
In life, we have ways of earning money. We can earn thru employment or self-employment and business or investment. But what is the difference of the two?
In employment or self-employment, we need to work for the money. If we stop working then cash flow will also stop. While in business or investment, we can earn while sleeping. Just put an enormous amount of effort in the starting phase and when the ball gets rolling then cash will come in without any effort.
We all know that we need capital to put-up our business. The big question is where to get the capital for the business or investment? Use the employment or self-employment phase wherein we can earn cash.
Be smart and do not be trapped in the cycle of the employment phase. We might get satisfied with having a job and earning. Well, it is up to you now. Remember, we only have one shot in this world thus make the most out of it.
Our goal is to have our business or investment because we control our lives in these phases. We will get the capital by means of personal budget when you are in the employment or self-employment phase.
Allot a potion for the expense and savings. We need to prioritize the savings because we can use the money for the business or investment. Start your budgeting now and do not delay it.
We do understand that having a job is quite stressful and we need some break. I think planning and budgeting the expenses will not take a lot of your energy but if you are really tired then get some rest.
Rest means break and not procrastinate. If you feel that the batteries is already charged then strive for the goal. Claim the winning statement. I think you will not get tired when we talk about your dreams and goals in life. Just be patient and persevere for the finish line.
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