1. Residential Real Estate Market of Hyderabad, Bangalore, Pune in Revival Mode, Says Modi Builders Marketing Head
  2. Why 2018 Is Off To A Bad Start For Those With Credit Card Debt
  3. Here’s What You Need To Know To Launch A Successful Side Hustle
  4. Why You Should Build A Giving Portfolio Today
  5. Why Following The Investment Experts In 2017 Would Have Lost You Money
  6. Why 5 Big Players Bemoan Bitcoin
  7. More Than Half Of Americans Don’t Have These Essential Estate Documents, Do You?
  8. More Booms And Busts As SEC, Fed Lose Independence?
  9. Ripple Drops More Than 30% In A Week As Hype Fades
  10. Go Back To Work Or Stay Home With The Baby? Part 2: How To Do Both
  11. Aalok Devkota Sells Ameren And Pilgrim’s Pride, Buys iRobot And Baozun
  12. Average Cost Of An American Christmas
  13. The Key to Financial Independence? Saving Money
  14. How to Build Savings From Zero
  15. 4 money lessons every teenager needs to know
  16. Warning About Roth IRA Conversions: Often Misunderstood IRS Rule Can Cost You Money and Aggravation
  17. IRS Sets Final 2018 Deadline For Roth Conversion Do-Overs
  18. How This Technology WIll Change Small Businesses
  19. Are you hiding money from your live-in partner?
  20. Do you have stock market FOMO?
  21. Is 2018 the year to buy a house?
  22. Millennials may look financially healthy, but…
  23. 4 money lessons every teenager needs to know
  24. If You Don’t Have Money In the Bank, Something Is Off in Your Business
  25. 3 Tech Strategies You Can Use to Earn and Save More Money
  26. Top Sources of Capital for Business Owners
  27. Revealed: Steps on How to Incorporate Your Business
  28. Secrets of Running a Successful Crowdfunding Campaign
  29. What direction to go If Your Parcel Shipping Is Too Heavy?
  30. B.C. premier’s Plan A in the wake of Site C
  31. Nornickel plans investing 1 trillion rubles in ecology, modernization within five years
  32. Understanding how Financial Instrument Leasing Works
  33. What is So Fascinating About Property Investment?
  34. NCR housing investments risk a collapse, warns Delhi realtor Jagmohan Garg
  35. Top Guide of Ico Ranker
  36. Which cheap and best rank tracker is Right?
  37. DISCOUNT REALTY HOMES FOR SALE ON THE WEB
  38. Importance And Benefits Of Getting Installment Loans Up to $5000
  39. Growing Future Naturopathy Authorities
  40. Before Starting a New Business, Every Start up Needs This Report
  41. I ought to just try
  42. Saw that it was covered
  43. People all the time
  44. He must have tried
  45. He always rolled back
  46. Get into that position
  47. Chooses to enjoy a pleasure
  48. Every pleasure is to be
  49. These matters to this principle
  50. I lie close to the earth
  51. Heaven and earth seem
  52. However a small line
  53. About the blind texts almost
  54. The coast of the Semantics
  55. Supplies it with the necessary
  56. Dragged her into their agency
  57. Had grass morning
  58. Where they abused her
  59. Said could convince her and
  60. Around and return to its own
  61. Replenish itself
  62. Came from it would have been
  63. If several languages coalesce
  64. To achieve this it would be necessary
  65. I neglect my talents
  66. Heaven and earth seem
  67. Grammar resulting language
  68. Her for their projects again
  69. Where it came from it
  70. Then she continued her way
Thursday, February 22, 2018
  1. Residential Real Estate Market of Hyderabad, Bangalore, Pune in Revival Mode, Says Modi Builders Marketing Head
  2. Why 2018 Is Off To A Bad Start For Those With Credit Card Debt
  3. Here’s What You Need To Know To Launch A Successful Side Hustle
  4. Why You Should Build A Giving Portfolio Today
  5. Why Following The Investment Experts In 2017 Would Have Lost You Money
  6. Why 5 Big Players Bemoan Bitcoin
  7. More Than Half Of Americans Don’t Have These Essential Estate Documents, Do You?
  8. More Booms And Busts As SEC, Fed Lose Independence?
  9. Ripple Drops More Than 30% In A Week As Hype Fades
  10. Go Back To Work Or Stay Home With The Baby? Part 2: How To Do Both
  11. Aalok Devkota Sells Ameren And Pilgrim’s Pride, Buys iRobot And Baozun
  12. Average Cost Of An American Christmas
  13. The Key to Financial Independence? Saving Money
  14. How to Build Savings From Zero
  15. 4 money lessons every teenager needs to know
  16. Warning About Roth IRA Conversions: Often Misunderstood IRS Rule Can Cost You Money and Aggravation
  17. IRS Sets Final 2018 Deadline For Roth Conversion Do-Overs
  18. How This Technology WIll Change Small Businesses
  19. Are you hiding money from your live-in partner?
  20. Do you have stock market FOMO?
  21. Is 2018 the year to buy a house?
  22. Millennials may look financially healthy, but…
  23. 4 money lessons every teenager needs to know
  24. If You Don’t Have Money In the Bank, Something Is Off in Your Business
  25. 3 Tech Strategies You Can Use to Earn and Save More Money
  26. Top Sources of Capital for Business Owners
  27. Revealed: Steps on How to Incorporate Your Business
  28. Secrets of Running a Successful Crowdfunding Campaign
  29. What direction to go If Your Parcel Shipping Is Too Heavy?
  30. B.C. premier’s Plan A in the wake of Site C
  31. Nornickel plans investing 1 trillion rubles in ecology, modernization within five years
  32. Understanding how Financial Instrument Leasing Works
  33. What is So Fascinating About Property Investment?
  34. NCR housing investments risk a collapse, warns Delhi realtor Jagmohan Garg
  35. Top Guide of Ico Ranker
  36. Which cheap and best rank tracker is Right?
  37. DISCOUNT REALTY HOMES FOR SALE ON THE WEB
  38. Importance And Benefits Of Getting Installment Loans Up to $5000
  39. Growing Future Naturopathy Authorities
  40. Before Starting a New Business, Every Start up Needs This Report
  41. I ought to just try
  42. Saw that it was covered
  43. People all the time
  44. He must have tried
  45. He always rolled back
  46. Get into that position
  47. Chooses to enjoy a pleasure
  48. Every pleasure is to be
  49. These matters to this principle
  50. I lie close to the earth
  51. Heaven and earth seem
  52. However a small line
  53. About the blind texts almost
  54. The coast of the Semantics
  55. Supplies it with the necessary
  56. Dragged her into their agency
  57. Had grass morning
  58. Where they abused her
  59. Said could convince her and
  60. Around and return to its own
  61. Replenish itself
  62. Came from it would have been
  63. If several languages coalesce
  64. To achieve this it would be necessary
  65. I neglect my talents
  66. Heaven and earth seem
  67. Grammar resulting language
  68. Her for their projects again
  69. Where it came from it
  70. Then she continued her way

When you think about the stats on how much money the average American has in savings, it’s a little scary. If you look at the 2017 GOBankingRates survey, more than half of Americans have less than $1,000 in their savings. A thousand dollars is not a lot of money to handle the many emergencies that life throws at us. If you’re an entrepreneur, it would be very difficult to take care of business emergencies with that amount of savings, and you need cash flow to scale.

I want to state very clearly upfront that I’m not a lawyer, accountant, financial planner or expert in regards to money. When it comes to the legal and best structure for your money, you should talk to a professional. There is all kinds of advice in the world of entrepreneurship and a lot of it only works for the person giving it. However, there are some basic principles that have helped entrepreneurs since the beginning of time. One of those is this idea of having savings and disposable income.

It’s not uncommon for another entrepreneur to approach you with a desire to purchase one of your products or services but they don’t have the cash. They offer to trade, barter, collaborate, or network their way into your premium offerings instead of paying. If this has been you, it’s one thing to offer a swap if the trade adds value for each entrepreneur. But, if you are throwing offers out there because your finances aren’t stable, it’s time to get honest with yourself. It’s time to make changes that lead to more income and a savings of more than $1,000.

Related: 10 Financial Mistakes Rich People Never Make

Put away a fixed percentage of your profits.

This should be common sense but it’s not. When we experience lots of money coming in at one time, there’s a temptation to live the good life. We buy the things we want assuming business will always be good. When it gets slow, we panic and get mad at ourselves for not putting more away.

You should understand your financial situation. You should know how much you need to make to pay your bills, how much you forecast that you’ll make in this quarter, and how much you should be stashing away from emergencies. Large corporations understand and plan all of these things in this way and far in advance. As solopreneurs and smaller businesses, we need to develop this kind of mindset. With proper planning, you can control the highs and lows and rollercoaster income.

Related: 10 Pieces of Financial Advice I Wish I Knew in My 20s

Don’t overspend.

It’s easy to spend and invest in your business when times are good and the money is flowing, but it’s not always smart. If you log onto social media, you’ll run into this new philosophy that tries to convince you to buy courses, coaching and products no matter what your finances look like. You’re shamed if you say that buying the training is not in your budget right now. You’re told that the only way to get past your situation is to invest in someone’s paid training.

There is a time to push past self-limiting beliefs and invest in a way that makes you grow, but not if you’re going to dig yourself in a hole that you can’t get out of or when you have a family depending on you. Courses, coaching and products can work but it will take time to recoup your investment. Keep that in mind before making an investment.

Don’t overextend yourself and your finances because you’ve been convinced by someone else. Make decisions that work best for your life and business.

Related: 5 Reasons Why You Must Have a Side Hustle (Unless You’re Happy Living Paycheck to Paycheck)

Make your goal to have “screw you” money.

Most of us entrepreneurs started our businesses to be free and build financial security. When you start a business, you have big goals of building something that supports you. It’s your focus and you work hard to get there. Once you reach that level, it’s time to set bigger goals.

Your next growth level should be creating income stability to the point of having plenty of “screw you” money. That’s money you can spend or invest on anything you want and still be solid financially. It means you have savings, your business is consistently generating strong revenue, you’re investing back into your business and you still have extra. It’s a great place to be.

If you don’t have disposable income in your life and business right now, you have some new goals to set and hit. Get back to the basics and you’ll create more stabilty in your business. The key is honesty and clarity. You have to know what’s going on to make the best decisions.

Mubashir Khatri

Mubashir Khatri Success life. Making people successful in a changing world.

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