Minimalist and/or economical living is going to help you keep your bank account from depleting as fast as it would if you weren’t paying attention to your spending habits.
Since prices have gone up it’s going to be very smart of you to find areas where you can save money. No matter your income level, the more money that you are able to put to the side the less stressful life is.
Last week I ordered a 16 ounce bottle of Aloe Vera Juice from Amazon for $8.33. Today while shopping at Walmart I noticed a 128 ounce (1 gallon) bottle of Aloe Vera Juice for $6.59. It’s obvious that the larger container was a better deal but seeing such a big difference in quantity made me think of how much more I pay attention to pricing.
Aloe Vera is a staple in the body care products that I make and I recently decided that I’m going to make all of my products by 2023. By making my own products I’m controlling my wealth even more.
See, as prices have increased many have had to make the choice of buying one thing over another. If you grew up less fortunate the current state of the economy may have been easier for you to adjust to. But if you are like millions of Americans who had to change their spending habits for the first time in life budgeting can be a challenge.
For me, personally, I am navigating this new way of living strategically and will continue living comfortably, as well as stress free.
Today I had a conversation with a New York client and I had to explain to him that just because he has the financial reserves (savings) that does not mean that he should be buying everything simply because he can afford it.
I explained to him that 2023 is going to make or break a lot of people. And if he wants to remain in the position he is in 5 years from now he is going to have make even smarter moves with his money.
7 figure earners listen up, it’s time to start thinking like those with a 6 figure income.
Upper and middle class individuals should begin to approach life more frugally. This means being careful of how you spend your money just because you can still afford basic necessities.
Don’t think of it as living like you are lower class, understand that this is how you are going to be able to hold on to your wealth while many others see their accounts depleted from not knowing how to adjust to our new economy.
It’s beautiful to have a craft that takes your mind off things, to be able to travel at your leisure, and to be around people that you have healthy relationships with.
If you fiend for something, now, that’s when it becomes a problem.
Just as pleasures are important, it’s also crucial to get to know the woman/man in the mirror. Do you like you? Do you know why you have an issue with your life and are constantly looking to get away from it?
Take charge and take control by diving within. Constantly seeking to escape will eventually get exhausting, and after some time those things won’t make you happy anymore.
Things have changed and nothing is going back to the way it was. It’s about pivoting for survival and leaders in business (and government) know this.
Las Vegas was known as a cheap place for entertainment and retirement. It’s not inexpensive anymore. 1. There is no rent control. 2. Every major sports league is about to have a team here. Two very important factors to consider.
If you live here, you are going to have to be very creative to be successful. If you are considering moving here, you are going to need a decent income to thrive.
State-legal marijuana businesses would be able to be listed on national stock exchanges and access key financial services under a bipartisan congressional bill that was filed on Thursday.
The Capital Lending and Investment for Marijuana Businesses (CLIMB) Act is being sponsored by Reps. Troy Carter (D-LA) and Guy Reschenthaler (R-PA).
While a main thrust of the legislation is to free up cannabis industry access to financial lending and investment opportunities, in part by providing protections for private financial institutions and government agencies that provide such services to traditional markets, one section stands out as especially novel.
It would provide safe harbor for national securities exchanges and market participants that “have listed, list, or intend to list, or permits the trading, or facilitates the offering, listing, or trading on a national securities exchange, of the securities of a cannabis-related legitimate business or a service provider.”
That’s a wordy way of saying that cannabis businesses would be permitted to list on major stock exchanges like Nasdaq and the New York Stock Exchange (NYSE). It would represent a boon for the burgeoning industry, legitimizing their presence on Wall Street.
There seems to be an illusion around what is happening in the economy. For various reasons many are quitting their jobs (the great resignation) with ambitions of becoming an entrepreneur or starting work in the gig field.
Consumers are spending less money and companies have started layoffs. Two signs that you have be very wise with your financial decisions.
So, you’re stuck trying to think of a shiny new marketing tactic to get more folks acquainted with your product or service.
You’ve tried a bunch of things — you’ve recorded podcast episodes, you’ve made Instagram reels, you’ve even dabbled in making a few TikToks.
And now, you’re thinking, “What else can I do that will grab people’s attention?”
Enter: The free challenge.
This is a really fun way to grow your audience organically and give them a taste of the kind of transformation they can experience through your offer. (And because it’s free, people will be more willing to sign up.)
Your goal is twofold: 1) to funnel as many people as possible into your actual offer and turn them into paying customers. 2) to provide so much value out of the challenge that they want more where that came from.
Here are the top 3 tips for creating a memorable challenge that folks will be flocking to sign up for.
What do you do better than the average person? The skill that you have naturally or have developed through practice should be highlighted and shared.
Brag about yourself, be proud of having a talent. Knowing that you have a passion brings you purpose. And if you decide to monetize your skill or not that’s up to you. But I will say this, the more you grow your knowledge in a particular area, the money will naturally come.
Recently President Biden said that a recession is not inevitable. The way that he worded his statement has caused confusion as to what’s happening in America.
The best advice I can share is to pay attention to the obvious. If you don’t like to watch or read the news on a regular basis, check in on the economy at least once a month. Especially now so that you aren’t surprised at the price increases that are across the board.
Have you ever heard the saying, “You are what you think?” Or, similarly, “If you think you can you will?”
The mind will believe anything that you tell it, so tell it good things. Be hopeful about your future. Look at examples of what other people have done and know that you can reach that level of success too.
Things are about to get REAL here in America and across the globe. And I say this not to scare anyone but because I’m a realist.
Most of what is happening is completely out of our hands but the unusual is about to become the norm. I’ll try not to be too opinionated but I will start to share more based on economic trends and published data.
June will be here in a couple of days and here’s what to expect the rest of 2022:
Gas prices will continue to surge higher, and many Americans will be shocked by how high they eventually go.
Food prices will continue to rise.
The Federal Reserve is likely to continue to aggressively raise interest rates.
Higher interest rates will be devastating for the housing market in the United States.
As the economy slows down, we should expect layoffs to increase and jobless claims will eventually start to spike.
Stock prices will continue to fall.
A recession is either already here or will arrive soon. We will see a historic economic meltdown so it’s important to prepare for it mentally and financially.
When most people apply for a job it is based on credentials (qualifications), and the pay rate offered. Which makes total sense. But it’s very common for that excitement of having a new job to disappear sooner than expected.
You get in the door and you realize:
There is a glass ceiling.
The position is more (or less) work than explained.
You start taking work home; thinking dreadfully about work after hours, replaying conversations between yourself and coworkers, tossing and turning at night because you don’t want to go in.
These examples may be spot on, or they may be exaggerated depending on your personal situation. But one thing is for certain more and more people are leaving their jobs with what has been called the “Great Resignation.”
Do you believe that you can do anything that you set your mind to? It’s true, but within reason.
Studies have shown that it can take up to a year to form a new habit. It honestly depends on your level of determination and lifestyle (how much time you have). Some people can implement habits sooner, no doubt.
Start small. Don’t jump all in thinking you are going to instantly change the way you have been your whole life or most of your life.
When most people think of an elevator pitch the American business reality show ‘Shark Tank’ probably comes to mind. You have the opportunity of a lifetime to grow your brand and this is when you BETTER get it right.
At least, that’s how it feels.
Start practicing what you would say if you only had 30 seconds (the length of an elevator ride) to sell your business to an angel investor.
Place yourself in that scenario mentally, so when it happens you’ll be totally impressed with yourself.
Discover what it feels like to have powerful content that creates faithful return customers. Standout to new clients and make your competition think about you when they don’t even cross your mind.
That’s damn good content marketing.
“Content marketing is a marketing strategy used to attract, engage, and retain an audience by creating and sharing relevant articles, videos, podcasts, and other media. This approach establishes expertise, promotes brand awareness, and keeps your business top of mind when it’s time to buy what you sell.” – mailchimp.com
I think that the most challenging part about reading a book for most is that they want to start a book and finish it immediately. If your schedule doesn’t permit for that, but you still want to read, here are two things that I do:
Listen To Audiobooks – Though it’s not reading yourself, it’s another way to gather information provided in books. I listen to finance and personal development audio books often.
Leave A Book Open On Your Counter Or Table – I really, really enjoy reading about aromatherapy, holistic living, and natural healing so I leave the book I’m currently reading open on the counter in my kitchen. When I’m cooking and at the end of the night I read a few pages.