Let’s talk about your emergency fund. Sounds like fun. Right? The reason I’m bringing it up is because this morning I remembered a conversation I had with a financial planner client of mine. And we talked about, you guessed it, saving money. And he shared his simple top 3 reasons for saving money.
The first reason was an emergency fund.
And the way prices have jumped up, on just about everything, in the past couple of years, it’s easy to see why an emergency fund would be so important. Because emergencies have a way of popping up at the worst possible times. So, it only makes sense to put a chunk of money aside to be Ready.
The second reason to save money is for purchases.
It’s kinda like creating your own credit card. Except you don’t have to pay interest to a bank. Because you ARE the bank. When you put money aside for some of those higher dollar items, you save tons of money in interest charges. And those savings add up a lot more than you might even imagine.
The third reason the financial planner mentioned was supplemental income.
He said when you’re focused on what’s important to you, it’s easier to come up with ideas for adding more income. And sometimes it could be to just some extra money to “give away.”
And that conversation got me thinking about how I can help you focus, too. So, I want to share some reasons to build your business better and faster.
Think hard and serious about your top three reasons for building a foundationally secure business. A business that sustain you day in and day out. If you only have one or two, that’s OK. But, seriously, think about them right now. Because when you keep them in focus, they’ll be your your guiding light to help you achieve your dreams and goals.
My family. Financial security. And working on my own terms.
Those are my reasons. And, no matter what your reasons are, it’s crucial to never let them out of your head. If your reasons don’t spill out of your head and mouth right this very minute, stop reading this. Put everything else down, too. Except a pen or pencil and paper. Stop whatever you’re doing until you write down your reasons and read ’em out loud to yourself.
And don’t let frustration or challenges blur your vision.
I know how easy it can be to do that. I’ve been there. We all have. But keep your eyes on the prize.
Owning and running your own business is hard work. But your reasons can help turn the hard work into the work you love. Then, before you know it, you’ll have your emergency fund or purchase fund or philanthropy fund. And it’ll be awesome.
My RondaReady system book can help you build AND run your business better and faster. And the faster you can build it, the faster you can get to the things you love the most.
Give yourself (or someone you care about) a copy of the RondaReady System Book. And make 2024 the year you Get Ready to Be Ready and…
Stay Ready,
R.O.N.D.A.
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