Thursday, November 13, 2008

Why Some Choose to Live BELOW their means even as home business owners

Hi,
Today I thought I'd share an interesting excerpt from Bob Bly, business guru, who is currently writing a book called Science of Successful Living. These words ring particularly true in our troubled economic times.

"A favorite ploy of some who sell "get rich quick" in Internet marketing
or Brand New Home Business Opportunities...

... is to boast about the luxury cars and other expensive toys
they have bought - presumably with the money they made from the
skill they are offering to teach you.

One, whom I am personally quite fond of and greatly admire,
brags about his new $350,000 Rolls Royce.Another sends us a photo of her
with her new Jaguar. A third describes the multi-million-dollar home
he is having built.

Now, there's nothing wrong with wanting or having these
possessions.

But if - like me - you don't care about the trappings of
wealth........ then not being extravagant in your spending can actually give
you an advantage as an entrepreneur or successful home business owner.

The best business advice I ever got was from Florida freelance
writer DK, who told me:

"Live below your means."

It is advice I have always followed ... and I am glad I have done
so. You see, I'm a tightwad by nature. Not with others. But with
myself. Given the choice between dinner at a 4-star restaurant and plain
old food ... I'll take Denny's any time.

This year, for instance, I needed a new car.Now, I can't afford a Rolls Royce.
But I can afford a Jag, a Lexus, a Benz, or most of the other
luxury cars - and keep in mind, I always buy my cars for cash.
I never lease or loan.

In fact, I live a lifestyle that allows me to have no consumer
debt of any kind -- except mortgages on investment properties.

So what car did I settle on? A new 2008 Toyota Prius Hybrid.
It cost me - including taxes - only $23,500.

I love driving it. Handles well. Looks great. Very sporty. Fits
in small parking spaces. Most important, it gets 45 miles per gallon.

Why do I advise that you live below your means - as DK and I do?
It's simple.

By living below your means, you remove unnecessary financial
pressure from your life.

That way, you can make business decisions ... e.g., what clients
or projects to take on ... based on what you want to do - and not
financial need.

When you live below your means, you can do what you want to do ...
when you want to do it ... which to me is a recipe for a happy and
rewarding life.

When you live way above your means, you become a slave to your
possessions - working to pay for the toys you have -- and buy
the next ones.

That may be a good way for some people to live.
But not for me.
And maybe not for you.
Of course, it's your call."


Certainly, my home business with the advantages of network marketing, fit this philosophy perfectly...start low-cost with high value products and enjoy the profits reasonably.
Your comments and opinions are always appreciated.

Sincerely,

AnneMarie
amarie10@gmail.com
N.E.A.T (No Excuses Allowed Team)l



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