What’s easier. Making money or Saving money?
I recently attended an event for a well known multi-level marketing group. I wasn’t there for the “business opportunity” but I was keen for the guest speakers and their inspirational stories. Throughout the day people from the crowd were asked to share their thoughts, feelings and concerns. They were there for all kinds of reasons, but the majority were there to try and make money. Why? Because most of them said they have no savings or needed more money to pay the bills. Others were there because they wanted more holidays or to buy that car they could never afford. I asked my colleague if these events ever talked about budgeting or cash flow management, to which they replied; Never.
This reminded me of a quote I coined while dreaming up the vision of SMP. “Most people try to make money before they realise saving money does both.”
I’ll repeat that “Most people try to make money before they realise saving money does both.”
There’s a reason SMP is in that order. Save first then Make money. People who make the most money leverage what they have to make more. But it’s impossible to leverage zero savings, it’s impossible to leverage the equity in your home if you have don’t have enough and it’s certainly impossible to leverage bad debt.
So if you want to start making money right now. Start with the basics. Understand, Structure and Control your budget. I’ve vlogged plenty on the best ways of doing this and you can find those videos in our playlist section. If you’re having trouble saving or need help with your budget leave a comment down below, message us or book an appointment via our fb page. It’s easier and often more convenient to save money rather then getting a second job, working longer hours or being part of a multi-level marketing business.
#savingiseasier
#pennysavedisapennyearned
#SMP
#savemakeprotect
*This video is for demonstration purposes only. Before taking any action, seek financial advice from licenced professionals to see if this strategy is right for you.