Abundantly Living

So it's crosses your mind like it has mine there must be a way to live more abundantly, to enrich my life with good things. It's not impossible other people have been living abundant lives, from the likes of Richard Branson, Bill Gates, Donald Trump and thousands if not millions of other unnamed people all these people have done extraordinary things with their lives, I believe you and I can as well.

We are living in a time of unprecedented change. New technologies, new ways if doing things are being created faster than we ever thought humanly possible. Who would have thought a decade ago that India and China would be world leaders in economic growth, yet here it is and they are doing just that.

In western societies the growth of internet based industries and e-commerce are changing the way in which we do our shopping, the way in which we communicate, the way in which we learn. Just the rise of social media is just staggering, the advertising revenues of these online sites alone is amazing. There are more ways now than ever before to create incomes and wealth in legitimate ways on the Internet, from Facebook, eBay, Google, youtube giving us all a variety of different ways to generate income.

There is definitely no shortage of wealth to go around those finances are traveling the planet in our new found global village. New wealth is being created all the time by creative, enterprising people like yourself. People who are looking for maybe just a little more income to meet the growing demand in the cost of living, the pressure being applied to the household budget.

Some are looking for part-time or full time employment from home to manage the demands of a growing family. The good news is it can be done the bad news nothing comes easy, there is no free lunch. In order to move forward regardless of what you want will require effort, persistence and a determination to achieve your goal whatever that may be.

Traditional Methods of increasing wealth.

Most of us will start our financial journey working for someone that is, trading our time for money. That is a noble and worthwhile pursuit. Here are a few tips for making wealth from day to day working. None of this will be ground breaking or revolutionary, most of us know these things, but it just takes a little push sometimes to do them.

1. Spend less than you earn.

Wow that's a revelation isn't it. The truth is that many people are spending just a little or a lot more than they earn. Doesn't matter if you are an individual or a country the principle is simple enough.

2. Save something from every payday that you don't touch.

It doesn't matter where or when you start saving as long as you do. Think of it like this every dollar I save is two dollars earned and the truth is in today's economies this is more true than ever.

3. Cooling off period.

Put a cooling off period in place before buying big ticket items.  Give yourself to think through the purchase. Ask yourself 'do I really need this? Will I actually use this item? 

4. Purchase assets not liabilities. 

Most people fill up their lives with liabilities, in other words things that cost them to have. Assets on the other hand make money for you. Anything that takes money to keep that does not appreciate in value greater than the cost of owning it is a liability. 

5. Purchase your groceries online. Coles and Woolworth's provide a pretty good service here. It costs me $8 for delivery. 

It is amazing how much you can save when you shop online. It forces you to plan out your shopping and you don't tend to make those impulse purchases. When I don't go shopping for groceries I don't eat out while I am there, so I save especially when the kids are with me. Now I still go shopping each week clothing and other nicknacks. I enjoy getting out and mingling with the crowd. But I save a lot purchasing all my general groceries online.

6. Pay as you go

Many utility companies like electricity, gas even your local council will allow you to make direct dept payments each week or fortnight towards your utility costs. So when your electricity, gas or rates show up. It's a tiny little bill. Yes your week to week consumable income is a little less but honestly you won't notice it and your overall stress level will decrease when you know that your bills are paid almost before you get them.

7. Treat yourself

You work hard for your money. Put aside a few dollars each week to take you and your spouse/partner out for dinner, the movies or some other activity you both enjoy. For me we have a date breakfast on Saturday mornings, at a Cafe after we drop our daughter off at work. We love it. It's not overly expensive but it's nice to sit down chat over breakfast. On average including coffee for me and a banana smoothly for my wife, about $40. 

Hope these few hints help somebody, over the next days, weeks and months we'll discover together what works, what does not at least for me. 

Next time I want to look into Visualisation and goal setting and how to setup a vision board.