Too often we don’t treat our personal finances like a business.
We don’t watch them closely. We aren’t as active in cutting costs. We aren’t looking for ways to generate extra income. We aren’t investing wisely. We aren’t looking for a “profit” at the end of the month.
But we actively do all of these things when we run a business. You have to.
A number of years ago I paid an extra $25/mo for a Quickbooks account for my personal finances. Quickbooks is business accounting software.
I was already using Quickbooks for my businesses, but I thought it was time to begin treating my personal finances like a business.
Sure, we had lived on a budget for years, but I felt like that was not enough. A budget is just trying to help you not spend more than you make. A business is trying to generate a profit. I wanted our “family” business to generate a profit.
My wife and I started doing the “books” each week. We looked at our Profit & Loss Statements each month. We paid attention to our family “Balance Sheet” to watch our assets grow & invest our cash wisely.
This has been a game changer for us.
Our family finances became more “profitable” through this process and we felt like we were contributing so much more each month to financial freedom.
I’d encourage you to try this mindset out.
Think about your personal finances like a business.
Track them like a business.
Increase your “revenue.”
Cut your costs.
Make a profit.
Buy assets.
Invest in the Kingdom and in your future!
