Your Invincible Power by Pamela Hamilton; W. T. Hamilton

Author:Pamela Hamilton; W. T. Hamilton [Hamilton, Pamela Hamilton; W. T.]
Language: eng
Format: epub
ISBN: 9781452589978
Publisher: BalboaPress
Published: 2014-02-05T00:00:00+00:00

Nine

Does your bank statement make you happy or sad?

“If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with success unexpected.”

Henry David Thoreau (1817-1862)

Money is the hardest thing to learn how to manage. I have found the more you make, only results in nicer things and a larger debt than when you were making less money. It doesn’t mean you have more security; in fact you really have less security because you are a bigger burden to your employer, and, it is harder to manage your debt if something changes in your financial life. As I struggled to stay ahead of my debt through the company going bankrupt I was working for, and through making less money as I brought the company back to life, I never stopped to ask the question: ‘Does your bank statement make you happy or sad?’

Now I have always had a good relationship with money. It has come easily to me. I have always felt I was lucky to constantly find myself in positions that pay well and allow me to build up my cash position, but I never really thought about my financial statement until I was making less money and starting to see my debt build up to a scary level. The truth is, when you are comfortable you believe you will always be comfortable and you think the money will always be there, that is until you get an eye opener.

The reason the company went bankrupt was not because we were not working hard enough. It wasn’t because we didn’t have lots of orders to fill. It wasn’t because the bosses were greedy. It was a mismanagement of funds, plus an over expansion of the company that was not sustainable if there were any shift in the economy. The economy started to tank, triggering a domino effect that led to an overvalued inventory. The bank doesn’t like it when you take loans against your inventory then find out the inventory is not worth what the loan is. Now I am not sure who was ultimately responsible for balancing these numbers. I am not sure how the inventory became inflated in value. What I do know is this: The bank called in the loan and the company came to a stop mid production. This was the first time I realized no matter how careful I am with my money, I am not in control of my financial well-being. I am not in control of my quality of life or my standard of living. So who is in control of my financial statement, quality of life and standard of living? Who is in control of yours? How can you get control of all of the above?

The first thing to realize is you can control your future but it will take planning and focus. You can’t count on your boss to look after you. You’re selling him your services and that is

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