Financial wellbeing – Moving forward from budgeting

Looking for ways to make money for you?  The financial wellbeing budgeting exercise, that I guided you through over the last few posts, is a tried and proven way forward to reaching financial targets.

Those who accepted the challenge and prepared a budget, reviewed it, revised it and shaped it, obviously have the will to help themselves.

The rest of you have either achieved financial wellbeing, or you are still living in a state of procrastinatory inactivity.

I know from experience that the majority if you fall into the latter category, so when you are finished talking and deferring action, feel free to catch up.

The path to positive cash flow

When you complete the financial wellbeing budgeting process, you achieve the following:

(a)    You cut unnecessary expenses – i.e. those that are detrimental or have no worthwhile impact on your life

(b)   You reallocate money towards those things that will have a positive impact on your life and make a real difference to you

(c)    You become alert to ways of increasing your income or decreasing tax

(d)   You achieve positive cash flow in your household (i.e. your after tax income is more than your household expenses)

(e)    You acquire the habit of a lifetime – the ability to budget (set your goals financially) and to review regularly

You have finally realise that you can set a budget that will reflect every financial and lifestyle goal that you’ve ever wanted.  The only challenge is to meet the income target to support it; and there are so many ways to make money for you.

Now you are on the start line, in a position to begin the next phase.  But it is not a time to relax.  The path to financial wellbeing requires action and lots of it.  Whilst that doesn’t necessarily equate to hard physical work, it does mean generating the energy to maintain singular focus and sustained effort.

To do that, you will need reserves of energy over time and that means you must be healthy and stay healthy.  Sick and unhealthy people do not have the same focus or the energy to sustain effort.  They are generally focused on taking it easy and recovery.

So isn’t it lucky that you skewed your household budget towards good health and longevity?

For more reading on ways to make money for you on your path to financial wellbeing, visit

Until next time!


Two sides to the budget story!

When most people sit down to do a budget they regard their income as a given and look to reducing expenses to create savings.  Financial wellbeing is a lot more than cutting expenses.  There are other ways to make money for you.

Income is never fixed – except in your mind!  If you think like that you will quickly reach the glass ceiling that will keep you locked down in poverty forever.

So here is another piece of wealth grower’s thinking:

  • Income is never fixed
  • There is no upper limit to income
  • The only limit on income is the one in your own head

The objection I hear most is:

“I can’t increase my income because I am already working 50 hours a week.”

The answer to this objection is:

“You must start thinking outside the box!”

Do you think for a moment that wealthy people earn a million dollars a year by working 40 hours a week at an hourly rate of $500 per hour?   Of course they don’t!

You have assumed that everyone is like you …. that they are employed by someone else and selling their time.  By doing that, you have already placed a limit on your income because there is a limit to how much time you can sell.

There are only 24 hours in a day and 7 days in a week.  Therefore there is a limit of 8,736 hours in a year.  It might sound like a big limit but it is still a limit – and you have to sleep sometime.

Your budget is your opportunity to at least recognise the need for additional income, and work out how much more you need.  How you actually achieve it is a matter of strategy.

So you can see that budgeting is not only about cutting down and re-prioritising household expenses.  Your first pass budget is your wake up call!

And then when you figure out ways to make a surplus in your household, your budget becomes your blue print to financial wellbeing.

Your goal to earn more income and build wealth starts with your budget. It the simplest financial planning tool of all to make money for you.

Yes it might require some time and tears; and eventually some creative thought; and yes it may well involve a bit of hard work and sacrifice.

But at least I have pointed you in the right direction.  Whether you move forward or not is your choice!

For more reading on ways to make money for you on your path to financial wellbeing, visit

Until next time!