Once upon a time, ZHanny wanted to start his own business. Alas, he did not have the money needed at first to do what he desired most. All the other start ups around him had the same problem. The motivation for each of them was very similar. The start ups wanted to give back to the world and maybe make passive income one day. Every one of them had great ideas, yet one by one all the other start ups started disappearing like coins dropping into a dark well. “Where did everyone go??” Exclaimed ZHanny with sadness in his eyes. Yet none responded to his calls yelled out into the abyss. ZHanny then trudged on all alone into the sunset with plenty of money still in his pockets from not following the crowd and making a battle plan before rushing in.
(Sorry, I needed to get some creative writing in for the day)
All these businesses and individuals gave up hope very quickly after running out of money, being intimidated by the process, or burying themselves eyeball deep in debt. So what does one do to resolve this problem? Here’s the three cornerstone ways that I kept my head above the water.
Ready for the biggest one? I have been significantly living below my means. This is not something that just started either. Living below my means has been going on since I graduated college many a years ago. Heck, I am still driving a beater car that I fixed up myself. This method is a sure fire way to, slowly but surely, build wealth for the things that you wish to accomplish.
Did it stop there? No no no my dear friend. The next step for me was to sell my extra possessions. We all have those items in the corner of the room or packed away in boxes that just gather dust. Here’s several examples of thing that I sold to gather a little extra cash. I sold my PS2, my old Super Nintendo, my GMC truck that just sat in the driveway, a ton of video games. You get the idea. Those where things that I got rid of, I’m sure you can think of several things in your life that you do not need anymore. The third and final way is something that could be it’s own post. Maybe in the future I’ll go into more detail about it.
Be creative in the way you spend your money. This requires a little more explanation complete with an example. Remember all those other businesses that were in the fairy tale? They went out and bought brand new items. Here’s a good example of this. A brand new computer desk we’ll say costs anywhere from a hundred to thousands of dollars. The best desk I own is one that I found for five dollars at a second hand store. I saw it, and immediately saw potential. It was obvious from it’s appearance that it was an artist’s table covered in layers upon layers of paint. The table however was solid wood with a great design. I brought it back to my home and spent a day delicately sanding, staining, and painting it. Now it’s looks better than brand new and is a highlight of my office. This is just one example, but the principle spreads into anything that you decide to spend money on.
To wrap this all up, make a plan for your money and be creative in how you use it. Think outside the box. Sometimes you need to swim against the current to achieve where you want to go.
How do you save money for your business? Why stop there? How do you save money in your personal life? Let me know below by the comments or my social media!
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