RSS Feed

Category Archives: Money Matters


I order to grow it is necessary to understand where you are right now.  

If you are not in reality about your situation, or are living beyond your means financially, then taking the steps necessary to become a success will be hard, if not impossible.

You cannot swim upstream if you are waist deep in mud.  

As consumers we are so driven by the shiny and new, and so attached to the feeling of happiness that we perceive the shiny and new will bring us, that it’s easy to stretch our finances beyond where they should be.  Yet, if you cannot manage to keep your personal affairs in good order then keeping your business solvent will be an uphill struggle.

So the question really becomes:

How honest with yourself are you being about your current situation?

Are you managing to put a small amount away each month (at least 10%) as well as pay your bills in time?

If you are pushing to grow a fledgeling business, and struggling to make ends meet, it might be useful to first look a little closer to home.  If the foundations are not already strong, then building a tower rise on top of them, will be nigh impossible.


But Does It Make You Happy?

Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.

Franklin D. Roosevelt

Human beings are natural adversity seekers.  

It has been said that if we do not have enough adversity in our lives, we will create it ourselves.  How?  By picking fights with our spouse, thrill seeking, spending, yoyo dieting, botox, exercising obsessively, drinking and having affairs.

The true nature of contentment lies in hard work and creative effort.  

True happiness, the kind that comes from within, is attained by commitment, persistence and personal achievement.  It comes from pushing yourself every day to achieve more and be more.  It comes from battling against the odds, to do something that is good for you, and brings your closer to where you want to be.

If you’re looking for happiness, then money won’t bring it.  

Money comes as an effect of doing something in which you feel your contribution was valuable.  Money in itself, will never bring sustainable happiness, or personal reward.

Do not make money your goal, if you are looking for greater happiness.

Instead, find the thing that you love, and concentrate on doing more of it.  

Is Money Your Goal?

“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


Mompreneur Success: Why Money Should Never Be The Main Reason You Start A Business

Starting a business just to make money, is like starting a relationship with a billionaire you don’t love:  bound to end in heartache and disaster.

Yet I see it time and time again: businesses that fail simply because the person who started it didn’t have a love and a passion for what they were doing.

Consider two scenarios:

1.  I like eating in restaurants, so I decide to open one.  I like steak, so I decide to open a steak house.  I love money, and am excited by the prospect of making some from my steak house.  So I gather together some investors, sell them on my idea, find a chef and a restaurant manager, open my steak house and wait for the money to roll in.

2.  I love food.  I have a passion for food.  I knew from a very young age that I wanted to be a chef, so spent years training and sweating in a kitchen, to cook food that people love to eat.  And now, several blood sweat and tears years later, I decide to take the plunge and open my own restaurant.  I vow that I will work hard to ensure that I make food that people love enough to become loyal customers to my restaurant.

Which one is more likely to succeed?  

If you don’t love what you do, you will never be able to muster enough energy to make it through the bad times.  If you start a business solely to make money, you won’t look for ways to iron out the problems, if the money doesn’t start rolling in.

Of course it’s great to have a financial goal, and everybody in business should.  But your financial goal should be an effect of providing an outstanding product, with outstanding service; not the main event.

So the question then becomes, Are you in business for yourself, or are you in business for your customers?

And which is the business more likely to succeed?

Mompreneur Finances: How Much Are You Losing By NOT Investing In Yourself?

What is opportunity cost?

If we consider that there is a cost to everything we choose, then what are you losing out on by doing the things that aren’t really of value?

If you’re not paying here, then where are you paying? 

Many Mompreneurs are scared by the fact that starting a business is expensive.  But have you ever considered how much are you paying by not investing in yourself or your business?  More often we lose more money by not investing, than we ever would if we just took the plunge.

So the question really becomes, where are you spending time spinning your wheels, when you could be shooting forward at 100mph on the right track?

We choose how we spend every moment of our time. We can choose to waste it or we can choose to use it productively.

In the end, it’s up to you.

Money Matters: How To Save for Your Rainy Day

How often have you told your kids to save their money for a rainy day?

As a child, I couldn’t understand what this meant.  I remember wondering why rain required money?  Children take things literally, and it really didn’t make sense to me.  Perhaps we need to change our language when we speak to children about saving, as it really is one of the most important things that you can do.

Have you saved enough cash to tide you over if something unforeseen happens to you or one of your family?  What if you are unable to work for a period of time?

In these times of rapid change, it is a good idea to aim to put enough money aside to cover at least six months off work

This week or this month, start to put away 10% of everything you earn.  You will be surprised at how you don’t miss the 10%.  Soon it will become a habit, and you will watch your savings grow.  You will build belief in yourself, and while it takes discipline and focus and requires a lot of patience, the increase in your peace of mind will astound you.

Building Wealth: A Valuable Lesson to Teach Your Kids

Have you ever considered how you came to have the relationship to money that you do?  

How did you form your beliefs and your spending habits?



Were you given everything you wanted as a child?  Or perhaps your parents were poor and you learned the value of living within your means?

However you were brought up, it’s worth considering how you teach your own kids about wealth management.  If you demonstrate to your kids very early that there is nothing for nothing in this world, you will teach them a valuable lesson.  If you encourage them to earn their pocket money, and then save it, they will learn that they have to work and save for the things they want.

Wouldn’t that be a wonderful belief to have, as you move into adulthood?  Imagine increasing your work capacity and ultimately your self esteem, as you move through adolescence.  Imagine arriving into your first paid employment, already understanding money and how to leverage it to create more income.  You have the capacity to teach this to your children.

Many adults were given everything they wanted when they were kids.  As a result they never quite understood the powerful connection between hard work, focused goals and achieving your dreams.  

One of my favourite sayings is:

“Don’t give your kids cash and things – just give them goals for wings”


%d bloggers like this: