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Pay Your Bills On Time - We all get behind on our bills every once in a while, but when it becomes a constant practice it starts to cost us...

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How to Wisely Budget Your Money?

Posted On: 2006-05-18Length: 15:37

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Hi, this is Joan and this is episode 44 of The Prosperity Show. Thanks for tuning in. Today we're going to talk about, or ask you the question, what are you going to do with the money that you've been craving for when it shows up? But first I'd like to tell you about prosperityplace.com which is our main site where you can find lots of information about improving your relationship with money and yourself. I really think the "yourself" part is the key, because if you've got a good relationship with yourself, you're going to have not only more money but a good relationship with your money. So let's talk about this money you're craving.

If you're like most people who listen to this show, or who visit prosperityplace.com you probably say, "if only I had more money, I could...." And you fill in the blank. There's lots of ways to fill in the blank. First thing people usually say, I'd pay off my debt. Or I'd pay off my mortgage, I'd pay off this, I'd pay off that. Second thing people often say, I would travel more. Ok. So after you've paid off your debt, and after you've done some traveling, what are you really going to do? If you're in business for yourself and I really like to often address people who are in business themselves or who want to be in business for themselves. Because you often have this sense that there's never enough money to run your business, to build your business, and if only you had more money. If only you could get financing. If only there was more money available, you could accomplish so many things. And it's the longing that actually gets in the way of your creating some sort of strategic plan so that you actually can create the money. So whether you're in business for yourself or not, and you're craving more money, let's imagine that the money comes. And you get enough money to pay off the debt, so that you're at a zero point. What would you do differently from what you're doing today?

Now, if your answer is, "well I kind of like what I'm doing today. I would just have no debt and I don't have to change anything." You will probably find that within a short period of time you're back in debt. Why? Because if you haven't changed, consciously changed something about the way you deal with your life and the way you respond to life, you're probably going to wind up in debt again and you haven't accomplished much. You haven't created a new way of living, and if you want a different financial situation, remember I've said this over and over again. Your current financial situation is congruent with who you are. And if you want a different financial situation, then you pretty much have to change your thoughts, beliefs, emotions and behaviors. So let's say you get enough money to pay off your debt, which puts you in a place where you no longer have to focus on paying off the debt. Let's say you've been paying off credit cards, or something like then, then you...

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I love listening to your show and talks which has good information in it about financial strategies and investment. Budgeting our monthly income is very much needs one to have good saving to ourselves. The tips in this post will help me good to budget my money. These saving will help us a lot when we are in emergency and need of money.

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Redemption Price - The redemption price of an issued stock, preferred stock or, bond known as the redemption value. This means that when you first divested and, purchased a preferred stock, well informed at the time of purchase what the specified price was. The set price of the stock for...

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