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Use Money Properly

A miser once had a piece of gold. Instead of spending the gold on something valuable, he decided to dig a hole and bury it. Each day the miser would go back to the site where he buried the gold and look over it. Always making sure the dirt around it was left unsettled; the miser knew his gold was still there. A man saw the miser visiting the same site every day and became curious. The man decided to check the spot out when the miser left. Sure enough, he dug deep and found the gold. He took off with the gold.

The next day the miser went back to his same spot and the gold was gone. He stood there sobbing until a man approached him asking what was wrong. The miser explained he had buried his gold there and someone had stolen it. Knowing he had the gold was a great joy to him. The man heard what the miser was saying and offered some advice. He asked him to go bury a stone in the same spot and pretend it was his gold. Since the miser was not using the gold, a stone would be the same thing to him.

Lesson: Money is only of value if used properly. We often find ourselves working diligently to hoard money for later. When later never comes, we end up working all that time for nothing. It is important to use money wisely. The value of money is not used wisely unless it is done with some thought. Do not blow it on expensive coffee every day. While it is important to splurge at times, it is also important to pay off debt and be a slave to no one. Use any money you receive thoughtfully and not carelessly.

This is a post from a contributing writer to CEO Blog Nation. 

Image courtesy of idea Go / FreeDigitalPhotos.net

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Focus Your Thoughts on The Present

The milkmaid was walking down the street. She was headed to town with a pail of milk on her head to sell to someone in the market. While she was walking the milkmaid started thinking about all the things she could buy with her milk money. She decided to buy some chicken that would lay lots of eggs. With the eggs, she could sell them for even more money in the market. Once, she had all the money, she could then buy some new clothes. All the boys would see her and want to talk to her. She then thought, the girls would be jealous as she walked by and tossed her hair. Mimicking the motion she would do as she passed the girls, the milk tumbled off her head. The milkmaid no longer had any milk to sell to anyone in the market and could not buy the chickens or the new clothes. She ran home crying to her mother who told her it was not wise to count her chickens before they hatched.

Sometimes, we get so lost in our thoughts of all the things we want to buy when we receive a paycheck or even a tiny bit of money. The money then is swallowed by bills, unexpected items, or never comes. Rather than focusing on what you plan to buy, you should be focusing on how to earn the money and placing all your effort in the work. When we focus on the work and do it well, the money will eventually come. Should it not come, we are not as upset as we would have been had we already had it set in our mind everything we were going to buy. Purchases should be planned but only with the money that we currently have and not money we plan to have in the future. 

This post is from a contributing writer to CEO Blog Nation.

Image courtesy of Ambro / FreeDigitalPhotos.net

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Know Your Revenue & Expenses

The Ant and the Bee watched as the Flamingo closed her doors for business. “I thought she was doing so well” uttered the Ant. “So did I” buzzed the Bee. The Flamingo had customer after customer that came to her restaurant. Even as the Flamingo packed up her stuff, customers still came to the door shocked to hear the news.

While every animal looked on the wise Owl understood exactly what happened. “It wasn’t sustainable” the Owl said plainly, “Flamingo spent more than she made and at some point she couldn’t pay her creditors.”

Owl turned to his friends, Ant and Bee and simply said “Know your revenue and your expenses.”

Lesson:  While you’re running your business and generating revenue, pay attention to how much you are spending to acquire each customer and your overall expenses.

Image courtesy of porbital / FreeDigitalPhotos.net