First: Happy New Year to Everyone.
Second: For this coming year, please realize that before you make more money to create wealth, you must first control expenses.
Then as more money flows in you will be able to save and invest the extra money. Otherwise more money will come in; you will increase your standard of living; and you have nothing to show for the additional money that came in.
If you are already living beyond your income, it is likely NOT your fault. I have been consulting and coaching people on their money for over 40 years and found the root causes of failure to be the following:
- You have not been taught in school how to handle money effectively.
- Your parents did not teach you, and it is NOT their fault. They cannot teach what they did not learn.
- The professionals you turn to have also NOT been taught how to do a personal budget so they can’t teach you either.
How do I know? I have asked thousands of people where they learned how to handle money effectively both when I met with people one-on-one and when I did large group presentations (like for Toyota Motors, American National Insurance, or the FBI).
As a CFP® I already knew Certified Financial Planners were not taught how to budget nor teach their clients how to budget. The most upsetting to me was to find that not even Certified Public Accountants had anything in their course work about personal budgeting. And I helped some of them through bankruptcy.
I struggled for years to learn what to do for myself; read book after book; and that is how the Wealth On Any Income System was created. Now that I no longer have to work for a living I have made it my mission to teach others, and send 100% of the profits to charity.
My recorded Wealth On Any Income program is now complete; I made it affordable; and it will have live group monthly coaching calls with me personally as a part of the program. If you are interested, just send me an email here.
Have a prosperous New Year.