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Showing posts with the label money

Wealth-Building Wednesday: Invest In Yourself

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  When I was growing up as a child, I often heard my mother tell me that I couldn’t have this thing or that thing because we didn’t have the money. It was instilled into me very early on in life that dreams were the captive of money, and only if money permitted it could dreams be fulfilled. The Early Decision to Build a Business of My Own I was four the year that I decided I wanted to build a successful business. The motivation for that decision was the fact that my mother told me we couldn’t afford a Snoopy Sno Cone Maker like my friend, Erica, had gotten for Christmas. My dream was denied. I decided right then and there that I was going to one day become a successful business owner so that nobody could tell me, ever again, no to my dreams. All throughout my childhood I tried various means of getting a business going but without any guidance from people around me, I didn’t know how to do it. Everything I tried ultimately failed. The Dream of Being a Game Artist Is Born I...

Time Management Tuesday: The Hidden Costs of Opportunities

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Once, years ago, I took a job for $14 an hour. It seemed like good pay compared to the jobs closer to my home. I thought I was getting a good deal. But there were costs to this opportunity that I wasn’t evaluating which – in the long run – actually meant I was being paid less than minimum wage for that job. How can this be? Let me show you how to calculate that in real numbers. Opportunity Costs Are Something Businesses Looks At Before Investing Most big businesses know about opportunity costs . It's something they use to evaluate whether or not to invest in one opportunity over another. They don't teach employees this same skill. It's not to their advantage to do so. But it is something I feel strongly every person should know how to do for themselves. Time: How Much Time I Was Spending at the Job and Commuting. The job was a typical 8 hour a day job with an hour lunch. However, I didn’t have a car. So, that meant I was stuck at work during that hour. I only lived 30...