Work Once, Buy Forever

We live in an instant gratification society where people, instead of saving up for the luxuries in their life and managing their finances, are slaves to their lifestyle.

There are many smart, savvy women that have unlocked the mystery of living the life of their dreams. What they do is build their lifestyles.

Would you love to have a new car every four years?

Start by figuring out what your monthly car expenses are; let’s say it’s $500 per month. $500 per month adds up to $6,000 per year…Yikes! So the key to this concept is to find a way to make this affordable.

You need to save $50,000 and invest that at a 12% annual interest rate. That will give you the $6,000 per year, EVERY year for your car expenses. What’s great about being a woman entrepreneur is that you decide your income, so while saving $50,000 may seem daunting, it is entirely doable.

Say you’ve decided to go out and purchase a car. At the end of four years, you’ve made all the big car payments and now you own the car. Hurray, right? Wrong! You now own a car that is worth a lot less than you paid for it. What’s worse, is that you’ve spent all your money. If you had followed the plan above, you would have paid for the car with your interest and would still have your principal.

Your principal is your “golden goose” and the interest is your “golden egg.” You keep the goose and spend the eggs, forever! As long as your goose lays eggs, you can have a shiny, new car parked in your garage.

Discipline yourself to do this now and you will be happy that you did. Start saving money for your golden goose, invest the savings and put all of your interest towards the golden goose. Keep adding savings and interest to your “Golden Goose” account until you’ve reached your goal.

You may also want to start studying about investments so you can get BIG, golden eggs!

Here are two websites to check out to learn all about investments:

• Phil Town
• The Street

Good luck on reaching your goals and getting the luxuries in life that you deserve.