Before you decide to hate me, understand I know what it’s like to be broke, and worse than being broke I know what it’s like to just barely get by month after month.
Two hundred and fifty million people in the wealthiest country on the planet are barely making it. I am not talking about the people on food stamps or unemployment, I am talking about people making an average of $48,000 to $68,000 annually. Consider that almost 75 percent of all Americans are living paycheck to paycheck.
In 2013, a person making $63,000 (before taxes) spent an average of $49,000 to $51,000 on housing, transportation, food, insurance, entertainment, childcare, health care and other expenditures. Take 20 percent out of that formula for taxes and you have no money left over for savings or investments.
You are having money issues because you have money issues. Here are a few of them:
1. Living with mommy
Most Americans live within 25 miles of their mothers. If you want to make real money, it’s time to disconnect from mommy and all things familiar. It is time to move away and go where there is opportunity. You aren’t saving money by still living at your parent’s house -- you are missing opportunities. My life didn’t change until I moved away from my hometown at the age of 29.
2. Economic illiteracy
Most people are economically illiterate. People are going to college and don’t even understand basic economic terms. Economy is defined as household management or management of resources. Manage means to be in charge and succeed in surviving, especially against heavy odds. To manage your own economy means you have to create money by playing offense in the marketplace.
3. The budget blockhead mindset
Spending all of your time trying to budget money is a way to guarantee you never have money. Your daddy told you, “A penny saved is a penny earned,” wrong, it’s just a penny. Having a budget blockhead mindset means you are playing defense, not offense.
4. Politicians, the Easter Bunny and Santa Claus
This idea that a politician can save the middle class (you) has been tried, tested, promised and failed for the last 50 years. Almost every economic indicator has worsened. If politicians could save the middle class they would have already.
Thanks to Entrepreneur for this great article you can read the complete article below :)
If you’ve been in business for yourself any length of time, or are in the process of getting your business off the ground, you know that entrepreneurship is both fulfilling and draining. The satisfaction that comes with running the show is tempered by the fact that, when it’s all on the line and the work has to be done, you’re responsible. And sometimes that means staying up until the next day breaks to meet a looming deadline.
Now that you know all-nighters aren’t just for college kids cramming for final exams, you also know that you can’t just crash after you’ve stayed up all night. So next time you pull an all-nighter, follow these steps to ensure that you’re fully recovered and alert they next day.
When you’re up all night working, your body uses more of its B vitamins—including B12, one of your body’s key energy sources. So in addition to feeling exhausted the next day, the depletion of your B12 stores can lead to a variety of symptoms, including impaired cognitive function and an overall crappy mood. Get back on track by consuming B12-rich foodslike grass-fed beef or cottage cheese throughout the day, or by taking an all-natural, food based supplement.
Thanks to Entrepreneur and this great article you can read the complete article by clicking on the link below :)