Running out of Money

It’s amazing to me that the number one fear people have is running out money. If you read the blog entry below where I share with Michael Gerber the MoneyMinding events of the past year you might think that the money part was easy or all taken care of and that’s why I was able to do all those things – HA – it couldn’t be further from the truth.

When you build a business it takes money and raising funds is a lot of work and is very time consuming. It’s also incredibly stressful to realize you’ve made commitments and have ‘run out of money’ – a-g-a-i-n-!! What do you do? Do you pack it in and call it quits? That’s not much of a commitment, but sometimes it sure seems like it would be easier to turn on the TV, open a bottle of wine and go to sleep for a while.

Here’s how I do it with MoneyMinding:
1. Take stalk of what you do have – financial and other things like products, friends, contracts, help, support, a roof over your head, and anything else that is good in your life;
2. Write down exactly what you do need and want;
3. Turn that need into both an immediate cash amount and an ongoing income amount to support it and carry you through;
4. Start asking HOW? I mean, ask people you know if they have ideas, connections, or money or time that can help you raises the money, access the money, and earn the required income.
5. Keep yourself in good spirits – get some fresh air, go somewhere or do something that connects you to your ideal vision for your life.

And finally, it’s a fact of life – money flows in and out – you will never run out unless you chose to. So on that note, I’m off to raise, access and earn some money to make up the difference I need to keep going after making a decision to turn down what was supposed to be the final cash needed to complete the budget needed to support the launch of our major marketing initiatives. __________________________________________________________________________________ Copyright© 2000 - 2007 Tracy Piercy, CFP, Founder and President www.moneyminding.com Written permission is required for reproduction. Thank you. Get your complimentary program: Simple Steps for Lifelong Personal Financial Success at www.moneyminding.com