You know, we’re all about being heart-centered, and sometimes what’s true for the heart, contradicts what our egos wants.
An example? When you’re new in business and you go into an office supply store and you see some great deals on paper and envelopes and pens, and you’re all excited, and you buy up a year’s supply of it all, spending $250 on office supplies, thinking “Hey, I saved a bundle in the future, and I’ll definitely use it.”
Unfortunately, a big issue in business is cash flow. Which means ‘cash on hand.’ Which means limiting yourself. Even though it would taste really good, I know I don’t really need that second, third, fourth, tenth cookie, or the extra helping of chocolate cake, or the year’s supply of office supplies.
Instead, you could spend $10 on a ream of paper and three pens, which will last you a month, and you can pay for it out of pocket, instead of using the credit card.
It seems obvious. And some people may even say that it’s going against “thinking abundantly.” But, I can’t think of a less abundant way of thinking than to put yourself debt for an uncertain future- you don’t know what you’ll need or when- especially if you’re new in business, and you don’t have a track record.
I bring all of this up because Helen Anderson over at Bankaholic brought one of their posts to my attention, and I think it’s worth taking a look at- just good common sense for the heart, that your ego may tempt to do.
Read their post: Eight easily avoidable causes of debt.
What are some of the ways you take care of yourself and your finances?
