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Tag money management

The Magic Number

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A wise man once said, ‘any fool can complicate things, it takes a genius to simplify them.’

 

Yesterday Mary shared a touch of genius with our staff. Simply put, the massive benefits to be had when you focus on increasing your income by only 10% while at the same time decreasing your expenses by the same 10%. Can you imagine the benefits? With cash flow the life blood of any family and business it’s gonna make a massive difference.

 

But the genius didn’t stop there. How do you decrease your expenses by 10%? Well there’s all the regular ways of shopping around, going without, making different choices, being happy with less. And then there’s Mary’s way… she simply asks the question. Magic thing is when she puts her focus into reducing expenses people often respond with more than a 10% reduction. Yesterday she achieved a whopping 30%.

 

The thing is we can and do make things complicated. Why is it we’re afraid to ask for the things we need, the things we want. In our relationships, in our finances, in our work. What I’ve come to realise is how well people respond when we have an open and honest discussion about what we need or want and ask them for their help in achieving it. Straight shooting.

 

But why stop just with the money? How would a 10% increase in time in your day with a 10% decrease in work make a difference in your life? Or how would a 10% increase in fun with a 10% decrease in stress affect your health and happiness?

 

A 10% shift isn’t much. But when it’s a 10% drop in the negative stuff with a 10% gain in the stuff you love, it’s going to make one hell of a difference to your life.

 

Small shift. Big gains.

 

So where can you grow by 10%?

How will you reduce those demands and expenses?