3 Steps To Stop Over-Investing

Has your spouse ever freaked out about how much money you make (or don't make), how you're not saving enough for retirement, or how you'd pay for a $50k tax surprise (this happens more than you think!)?

I thought so.  (It's happened to me too!)

Odds are, it's because you over-invest in your business.  You spend money (and often time) on things that won't move the needle on your short term or long term goals.  

Over-investing kills profits and cash flow, keeps you from paying yourself, and honestly wastes your time and money!  (When I worked at GE, we made sure any business investments were sound before cutting the check).

How does this happen?  The coaching and personal development industry promote that success and wealth can be yours when you invest in yourself.  

But I think they happen faster when you invest strategically.  

Most entrepreneurs miss the boat.  They over-invest rather than strategically invest.  

Over-investing shows up as:

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Which freedom do you choose?

Which freedom do you choose?

Last weekend we took the ferry to Boston.  During our impromptu visit to Faneuil Hall, of course my thoughts turn to freedom.  Stage for presidents, founding fathers, contemporary and revolutionary change agents, citizenship ceremonies, Faneuil Hall is where movers and shakers take a stand for what they believe in.  

These are people who make things happen, in a BIG way.

As entrepreneurs, we have tremendous freedom.  Freedom to chart our own course. Freedom to take time off when we want to.  Freedom to charge whatever we want for the work we put into the world.  Freedom to choose our clients and how we can help them.  Freedom to dream big, and take action to make it happen.

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Want some aloha?

Growing up, part of my money story was to hold rich people - and where they went for vacations - in great disdain.  As a result, I actually didn't want to visit Hawaii for a long time!   I know I’m not the only one who grew up thinking Hawaii was expensive.  In the show Hawaii Life, they say “you don’t have to be rich to live in Hawaii, you just have to want to live in Hawaii”

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Does your biz need a healthy diet?

Does your biz need a healthy diet?

Core go-to ingredients for a healthy & profitable biz

These are things you go back to again and again.  You’ve got the awesome recipe, and the ingredients are always in your pantry.  You get rave reviews when you serve it up.  People are always talking about it.  Best of all, it’s stuff you’ve already got.  It’s 90% done.  You just need to start using it to make more money!

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What's your recipe for success in 2014?

What's your recipe for success in 2014?

The holidays are almost upon us, and with it comes food!  I'm in party planning mode, and love doing recipe research.  Recently, I attended an event where Tory Johnson, of Spark & Hustle and Good Morning America fame, was the keynote speaker.  She took us through the recipe she used to shift her health (she lost 62 pounds in 2012) and how to apply it to business as well.  She is a multi-million-dollar entrepreneur as well, so she knows a thing or two about accomplishing goals.  I love to reinterpret recipes, so here is my spin on her five key ingredients to successfully reaching your goals.

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