Why you must earn before you spend


Why you must earn before you spendEarn it before you spend it. ~Author Unknown

If you want to build wealth then developing good money habits is essential dear reader. And if you’re a parent then it’s a good idea to encourage your children to develop good money habits too.

In fact, if you can only give your children one piece of financial advice then the best piece of advice is included in the quote above. Earn before you spend.

Far too many people today do the exact opposite.

People spend money they don’t have to impress people they probably don’t even like. The result is a burden of debt from which it is very hard to escape.

Occasionally we all want to buy those big ticket items. A nice television; nice furniture; a nice personal computer, tablet or smartphone; et cetera. Naturally, these are things we all want. The question is, does it make sense to incur debt in order to own these things?

My advice is to save the money first and then buy that thing you really want.

Financing arrangements are there to make other people rich. And by using finance that almost always means you’ll pay a lot more for items acquired using credit.

The ‘buy now, pay later’ deal usually comes with a high interest rate added. So inevitably if you go down this road then you’ll end up paying a lot more than you would otherwise.

Yes, you’ll get the item quicker, that’s true. However you’ll enrich someone else at your own expense. In what way does that make sense?

Now be honest with yourself; there really are very few things in life we couldn’t live without if we had to, surely?

Look after your own interests rather than lining the pockets of other people whilst impoverishing yourself and your family in the process. That is today’s message.

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15 Quotes by Phyllis Diller

Quotes by Phyllis DillerThe late Phyllis Ada Driver or Phyllis Diller as she was better known was another one of America’s greatest comic talents.

She was an actress and stand-up comedienne with an eccentric stage persona.

Self-deprecating humor was her stock in trade, together with wild hair, zany clothes and an exaggerated, cackling laugh.

Phyllis Diller was a very funny lady and one who is greatly missed by fans of good comedy everywhere.

Quotes by Phyllis Diller:

Here are 15 quotes by Phyllis Diller which should make you smile.

  1. You know what keeps me humble? Mirrors! ~Phyllis Diller
  2. The best contraceptive for old people is nudity. ~Phyllis Diller
  3. You know you’re old if they’ve discontinued your blood type. ~Phyllis Diller
  4. I never made `Who’s Who,’ but I’m featured in `What’s That?’ ~Phyllis Diller
  5. Remarrying a husband you’ve divorced is like having your appendix put back in. ~Phyllis Diller
  6. The only thing my husband and I have in common is that we were married on the same day. ~Phyllis Diller
  7. Nothing was happening in the bedroom. I nicknamed our waterbed the Dead Sea. ~Phyllis Diller
  8. Most children threaten at times to run away from home. This is the only thing that keeps some parents going. ~Phyllis Diller
  9. I always wondered how I could tell when the right one came along but it was easy. He was the only one that came along. ~Phyllis Diller
  10. Whatever you may look like, marry a man your own age. As your beauty fades, so will his eyesight. ~Phyllis Diller
  11. This woman goes into a gun shop and says, ‘I want to buy a gun for my husband.’ The clerk says, ‘Did he tell you what kind of gun?’ ‘No,’ she replied. ‘He doesn’t even know I’m going to shoot him. ~Phyllis Diller
  12. Life is a do-it-yourself kit; so do it yourself. Work. Practice. ~Phyllis Diller
  13. Let me tell you, a discussion that starts, ‘I’ll tell you something you do that irritates me, if you tell me something I do that bothers you,’ never ends in a hug and a kiss. ~Phyllis Diller
  14. This man I was going out with asked me for my finger measurements. I thought he was going to buy me a ring for Christmas but he gave me a bowling ball. ~Phyllis Diller
  15. To get a roaster clean, send something like baked apples in it to a neighbor. Neighbors always return pans spotless, and you won’t have to use a blow torch on it like you usually do. ~Phyllis Diller

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15 Quotes by Joan Rivers

Quotes by Joan RiversTo comedy lovers everywhere the late Joan Alexandra Molinsky is better known as the legendary Joan Rivers.

Razor sharp and very funny, Joan Rivers was arguably one the finest American stand-up comedians of all time in what was probably the golden age of light entertainment.

By the strength of her personality she managed to succeed in an age when it was even tougher for a woman to get a break in an industry dominated by powerful men. In that she remains a role model for women everywhere.

Joan Rivers pioneered her own brand of irreverent, unconventional comedy and her relentless work ethic allowed her comedy to evolve and her audiences continued to grow. A remarkable lady and one who always made me laugh.

Here are 15 quotes by Joan Rivers, which will make you smile I’m sure.

Quotes by Joan Rivers:

  1. I succeeded by saying what everyone else is thinking. ~Joan Rivers
  2. The first time I see a jogger smiling, I’ll consider it. ~Joan Rivers
  3. My best birth control now is just to leave the lights on. ~Joan Rivers
  4. Forty for you, sixty for me. And equal partners we will be. ~Joan Rivers
  5. There is not one female comic who was beautiful as a little girl. ~Joan Rivers
  6. Never floss with a stranger. ~Joan Rivers
  7. I have flabby thighs but fortunately my stomach covers them. ~Joan Rivers
  8. I think anyone who’s perfectly happy isn’t particularly funny. ~Joan Rivers
  9. We don’t apologize for a joke. We are comics. We are here to make you laugh. If you don’t get it, then don’t watch us. ~Joan Rivers
  10. People say that money is not the key to happiness but I always figured if you have enough money, you can have a key made. ~Joan Rivers
  11. I don’t exercise. If God had wanted me to bend over, he’d have put diamonds on the floor. ~Joan Rivers
  12. I hate housework! You make the beds, you do the dishes and six months later you have to start all over again. ~Joan Rivers
  13. Part of my act is meant to shake you up. It looks like I’m being funny, but I’m reminding you of other things. Life is tough, darling. Life is hard. And we better laugh at everything; otherwise, we’re going down the tube. ~Joan Rivers
  14. I never dwell on what happened. You can’t change it. Move forward. Don’t waste your energy on being angry at something that somebody did six months ago or a year ago. It’s over. Done. Move forward. ~Joan Rivers
  15. I walk on a stage, and I know if it’s been a good show or not. You know when it’s been a good interview. No one has to tell you. You know it. You feel it. You can feel the air. You can feel everything about it when it’s a good show. And you know when you’ve messed up. ~Joan Rivers

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21 thought-provoking quotes about change

Quotes about changeAs the old saying goes,Change is inevitable except from a vending machine.”

We cannot avoid change because it’s going to happen whether we like it or not. Trying to stop it is like trying to hold back the tide. It can’t be done.

Change is simply a force of nature.

If you hate change, you’re not alone. Most people hate change. That’s perfectly natural.

Just when we think we have everything under control a significant change happens and suddenly we’re scrambling to get ourselves back to equilibrium.

Change can make life seem like a giant game of Snakes and Ladders at times.

So in today’s post I offer 21 thought-provoking quotes about change just to underline the point.

Quotes about change:

  1. There is nothing permanent except change. ~Heraclitus
  2. Change is the end result of all true learning. ~Leo Buscaglia
  3. Intelligence is the ability to adapt to change. ~Stephen Hawking
  4. Only I can change my life. No one can do it for me. ~Carol Burnett
  5. Just when I think I’ve learned the way to live, life changes. ~Hugh Prather
  6. To improve is to change. To be perfect is to change often. ~Winston Churchill
  7. The greatest discovery of all time is that a person can change his future by merely changing his attitude. ~Oprah Winfrey
  8. When we are no longer able to change a situation, we are challenged to change ourselves. ~Viktor E. Frankl
  9. The first step toward change is awareness. The second step is acceptance. ~Nathaniel Branden
  10. Quotes about changeYou must be the change you wish to see in the world. ~Mahatma Gandhi
  11. No matter what people tell you, words and ideas can change the world. ~Robin Williams
  12. Change your thoughts and you change your world. ~Norman Vincent Peale
  13. If you change the way you look at things, the things you look at change. ~Wayne Dyer
  14. I can’t change the direction of the wind, but I can adjust my sails to always reach my destination. ~Jimmy Dean
  15. If you don’t like something, change it. If you can’t change it, change your attitude. ~Maya Angelou
  16. Change will not come if we wait for some other person or some other time. We are the ones we’ve been waiting for. We are the change that we seek. ~Barack Obama
  17. Progress is impossible without change, and those who cannot change their minds cannot change anything. ~George Bernard Shaw
  18. The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails. ~William Arthur Ward
  19. Change is the law of life. And those who look only to the past or present are certain to miss the future. ~John F. Kennedy
  20. Without change there is no innovation, creativity, or incentive for improvement. Those who initiate change will have a better opportunity to manage the change that is inevitable. ~William Pollard
  21. So many people live within unhappy circumstances and yet will not take the initiative to change their situation because they are conditioned to a life of security, conformity, and conservation, all of which may appear to give one peace of mind, but in reality, nothing is more damaging to the adventurous spirit. ~Christopher McCandless

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Why you should respect your money

Respect your moneyRiches have wings. ~English Proverb

If you live in the UK, then in the last couple of days you might have read about the lucky couple who scooped £115 Million on the EuroMillions lottery. If you’re like me then you probably thought, “Wow, how lucky they are.”

In theory they should never need to work again. Although really they’ve just swapped one set of problems for another.

Winning money is one thing; keeping hold of it is quite another. There are plenty of examples of people who’ve won large sums of money through lotteries, or other gambling, only to lose it all within a few years.

As the English proverb above suggests, money can disappear easily if you’re not careful with it.

You have to look after your money; you have to manage it carefully.

Money can be like a bird with wings; it can fly away if you are not careful.

Too many people spend their money far too freely on things they really don’t need and things they could live without. And plenty of professionals will be offering them help, only then to help themselves, if you know what I mean?

Today’s message is that you should respect your money and look after it. Otherwise you won’t have it very long.

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Why you must spend some time learning the art of negotiation

Learning the Art of NegotiationYou have to ask for money because there’s always more money and they won’t give it to you because you’re a girl. ~Claire Danes

A new year is often a time when people decide that it’s the right time to change jobs. For whatever reason they decide it’s time to move on.

That’s fair enough; if you’re not enjoying doing whatever you’re doing or you no longer feel challenged by whatever you’re doing then it’s important to find something that really does get you feeling energised again.

However whilst finding a new job is one thing, getting fair recompense for the value you will add is quite another.

As a hiring manager I’ve always been amazed by how many people settled for the first figure offered to them. It’s surprising just how many people have little or no sense of their own worth relative to their skill-set and the real market value of jobs.

Now it’s important to remember that hiring managers work within budgets obviously and they have a duty to their employers to keep costs as low as possible.

When hiring managers are recruiting they’ll know the market rate for the job on offer, or at least the HR department will and they will have advised the hiring manager accordingly.

Nevertheless dear reader you must recognise that the market rate for any job is not a single figure. The market rate falls within a range and it’s the range that will have been supplied by the HR department.

So when the hiring manager decides that you’re the person they want to hire then in negotiating a package with you they will have that range in mind.

Naturally they’ll want to minimise the impact on their budget and so they will attempt to recruit you at the lower end of that range if that’s possible.

Yes, they’ll recognise that they have to offer you a premium on your current salary if it’s to make sense for you to leave your current employer. After all you’re always taking a degree of risk when you change jobs. And so a risk premium must be paid by the hiring manager.

That premium typically will be an uplift of around 10% – 20% above your current salary.

Beyond that, for the hiring manager, it’s all about securing your services for the lowest rate possible within the market rate range. And from a business standpoint that’s fair enough.

It’s the nature of business after all. If fact in our daily lives we’re all trying to purchase products and services for the lowest rate possible; so why should we expect businesses to be any different?

However as a jobseeker, you should be trying to sell your services for the highest price possible. That too is fair game. You must always look after your own interests because if you don’t then no one else will, that’s for sure.

Think about it. In selling products and services, businesses are trying to sell at the highest price the market will stand so they can generate the highest margins possible for their shareholders.

So why shouldn’t you get the best deal possible for yourself, relative to what the market will stand? You must know your own value and you shouldn’t just accept the first figure on offer.

Essentially it’s all a game of horse-trading. The company almost always makes a low offer, so you must try to negotiate a better offer.

To do that, before going into any negotiation, it’s important that you have some idea of the market rate for the role.

That means you need to have done some research to establish the likely range the hiring manager will be working within.

You also need to have a sales pitch available so you can highlight your own unique selling proposition and why you are worth a bit more.

The key message here is that you don’t just accept the first offer.

In today’s quote, originally recorded in the British newspaper the Financial Times, actress Claire Danes reminds us that there will be more money available and if you ask for more you might just surprise yourself.

In making this observation, modestly Ms Danes said that this was what she had learned from older actresses.

It’s a useful tip for every jobseeker, female or male.

Never be afraid to negotiate and when you leave the table make sure you’re taking away as much as you can within reason.

Once again I cannot emphasise this point too much. You must know your own worth, always.

Don’t be bashful; be business-like and make sure you get a fair share of the pie.

As I said earlier, if you don’t look after your own interests, no one else will.

In the year ahead I recommend that you spend some time learning the art of negotiation. It really is a very useful skill to develop.

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Habits of Success

Habits of successHave you ever wondered why some people are successful and others are not?

In this video Brian Tracy provides some useful advice on the habits you will need to develop if you really do want to be successful.

As always Brian provides us with some great insight into how successful people behave and the structured way in which they work towards turning their goals into achievements.

Whether you’re a fan of Brian Tracy or you just want to be successful, this video is well worth a few minutes of your time.

Watch and learn.

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Why your time is valuable

Time is valuableDo you want to make money from Facebook? It’s easy. Just go to your Account Setting; deactivate your account; and go to work! ~Author Unknown

Dear reader, if you’re not currently successful, would you like to be?

Many readers will answer in the affirmative of course but then they don’t quite know how to realise their dreams. You may be one of them, perhaps?

Well today I offer you one tip that will be useful to you whatever it is you’d really like to do with your life.

If you’re not sure how to become successful then start by looking closely at successful people and you’ll find at least a few clues there.

However allow me to offer you one of those clues now. And that is that if there’s one thing all successful and wealthy people have in common it is that they don’t waste their time.

They know that time is a precious and limited resource and they recognise that they must use it wisely. And in using it wisely they avoid ‘time sucks’.

The biggest time wasters by far are television and social media. People waste hours of their time on both, particularly on social media nowadays.

Now don’t get me wrong, social media can be a very useful tool as a vehicle for communication both professionally and with friends and family.

However it can also be a distraction. And if it’s a distraction then it might just limit your earning power.

Social media really is just a tool. It might be a useful tool but it’s still just a tool.

Use it by all means but be disciplined in your use of social media.

Your time is precious and, if you want to be successful and make serious money, then you need to use your time wisely. That is today’s underlying message.

Spending your time on social media might be entertaining and informative but it’s unlikely to be profitable.

You can spend your time on social media or you can work hard, with a sense of purpose, on realising your goals and your dreams. The choice is yours; and the consequences will be too.

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Why you must know your why

know your whyIt’s the first day of a brand new year and our lives are full of possibility once again.

No matter how bad the old year proved to be for you dear reader, it’s gone now and so you start afresh.

If you’re like me, you’ve probably come up with a few resolutions already. And if you’re serious about your resolutions then perhaps you’re serious about being successful too.

However, what’s the real secret of success?

Why is it that some people are successful and others will never be?

In the embedded video, Hollywood legend, movie star, two-term Governor of California and former Mr Universe, Arnold Schwarzenegger shares his five secret steps to tackling life and achieving success.

Essentially these are his five rules to excel at whatever you choose to do.

He has an interesting story to tell and his story proves that no obstacle is too big to overcome and no vision, too big to achieve, if you’re determined enough and you’re prepared to work hard.

Change the world:

To summarise Arnold Schwarzenegger’s rules, they are:-

  1. Find your vision and follow it;
  2. Never, ever think small;
  3. Ignore the Naysayers;
  4. Work your ass off; and
  5. Don’t just take, give something back.

However if you listen to Arnold’s story, his burning desire was to move to the United States and become a big star. This was his reason why.

Initially he has no idea how to achieve that goal but a little piece of good fortune came his way.

Arnold happened to read an article in a magazine about a man just like him who achieved just what he wanted to achieve. The article explained how the man did it and Arnold used that success template as the basis for pursuing his own goal.

Identify successful people and do what they did:

Once he knew his why, Arnold Schwarzenegger just needed to work out a way to get there. Knowing your why will always, eventually, lead you to your how.

Once Arnold knew his purpose and his passion, he was always going to find a way. His determination and his willingness to do whatever was necessary saw to that.

Had he not been lucky enough to identify a role model through a magazine article, something else would have guided him because that’s the nature of life. When you’re searching for something you’ll tune in to all the little clues you need.

Once you know your why, you develop a keen sense of that subject and everyone else involved.

Trust yourself:

If you know your why then you’ll have the drive and determination to pursue your goal.

Nothing happens by accident of course. You must make it happen.

So figure out for yourself what it is you really, really want. What would make you happy? What would you regard as a real achievement?

Then find a role model.

Someone who’s done what you want to do. Identify how they did it and copy what they’ve done. If their approach worked for them, it can work for you.

Avoid distractions:

If you want to be successful then don’t allow ‘time sucks’ to throw you off course.

Television and social media are the biggest time wasters of all.

Time is a precious resource and successful people don’t waste it. So if you want to be successful, don’t waste yours. Put every minute to good use.

Know your why

The key message today, both from this article and the embedded video, is that you must know your why.

That’s the starting point for success.

So if you’ve yet to do that then I suggest that’s where you start in this brand new year if you want to be successful.

And remember this; if not you, who? If not now, when?

Other people achieve success and so can you. Good luck.

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21 thought-provoking quotes about money

Quotes about moneyMoney can’t buy you love but it can make your life a little easier.

It’s not everything of course but it’s up there with oxygen in terms of basic human needs.

Money is important simply because life today would be impossible without it. There are few, if any, places on this planet where you could exist in any meaningful way without at least some money. Speaking personally, I wouldn’t want to try.

However it’s important to keep it all in perspective too.

Achieving financial freedom depends on you taking good care of your money but it should not be at the expense of the people who matter most to you, your loved ones. As with everything in life there must be balance.

Money is important but people are more important.

Our loved ones will be there when we’re infirm or incapacitated. Yes you can buy a dog but you can’t buy the wag of its tail, as the saying goes. So never chase money at the expense of your loved ones. If you do, you’ll regret it I’m sure.

To help you keep it all in perspective here are 21 thought-provoking quotes about money:-

Quotes about money:

  1. Money often costs too much. ~Ralph Waldo Emerson
  2. I’ll tell you the secret to getting rich. Be greedy when others are fearful. And be fearful when others are greedy. ~Warren Buffett
  3. What we really want to do is what we are really meant to do. When we do what we are meant to do, money comes to us, doors open for us, we feel useful, and the work we do feels like play to us. ~Julia Cameron
  4. Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this. ~Dave Ramsey
  5. It’s not the employer who pays the wages. Employers only handle the money. It’s the customer who pays the wages. ~Henry Ford
  6. Empty pockets never held anyone back. Only empty heads and empty hearts can do that. ~Norman Vincent Peale
  7. It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy. ~George Lorimer
  8. You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you. ~Maya Angelou
  9. Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing. ~J. Paul Getty
  10. If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability. ~Henry Ford
  11. How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. ~Robert G. Allen
  12. The real measure of your wealth is how much you’d be worth if you lost all your money. ~Author Unknown
  13. The individual investor should act consistently as an investor and not as a speculator. ~Benjamin Graham
  14. Every time you borrow money, you’re robbing your future self. ~Nathan W. Morris
  15. Never spend your money before you have it. ~Thomas Jefferson
  16. It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for. ~Robert Kiyosaki
  17. Not everything that can be counted counts and not everything that counts can be counted. ~Albert Einstein
  18. A real entrepreneur is somebody who has no safety net underneath them. ~Henry Kravis
  19. Don’t take no for an answer. If you’re happy to sit at your desk and not take any risk, you’ll be sitting at your desk for the next 20 years. ~David Rubenstein
  20. If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigour. ~Charlie Munger
  21. When buying shares, ask yourself, would you buy the whole company? ~Rene Rivkin

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