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Mind your business: a motto to live by

I’ve been asked before why “some people have it” and others do not. Why is it that some people can balance their check books in their heads while others aren’t able to make a simple budget? It’s a simple fact that this country does not teach business education at an early age and it probably never will. Americans grow up with a limited knowledge of money, how it works, and what makes it grow. The consumer economy teaches us only one thing: how to spend. The country wasn’t always like this, however. Entrepreneurship was once a prestigious attribute the nation prided itself on. We championed our competitiveness and encouraged the individual. You need to look no further than the penny for evidence of this. “Mind your business”, a saying used on the penny as far back as 1787:

“Mind Your Business” is not just cheesy text added to the earliest coins minted in this country but a motto every person should live by. Your life should be looked at as if it’s a business. Everything you do affects how this business is run. You want to make sure you maintain organization in your life to eliminate wasted time and resources. You want to keep your expenses low to preserve cash. And of course, you want to maximize your income.

You should always be looking at ways to improve your situation and your business. Money is always to be made outside of work. There are ways to glean income from side jobs with your unique talents. There are income generating assets that can supplement your salary. There are rental properties that can bring in large amounts of cash over time. The important thing to do is to look at your life as if it was a business. Where can you improve, what can you do better, and how can you expand?