• anita@halesmail.net
  • 907-254-0984

How to Get Money to Start Your Business

Anita Hales      6

How to Get Money to Start Your Business

How to get money to start your business.

Years ago I read a book called “The Richest Man in Babylon” by George S. Clason.

It gave me a lot to think about. Unfortunately, I didn’t take the advice in the book. I wish I had.

Things would be a lot different now if I had been serious about my attitude towards money.

There are some great books out now to help people get a handle on their finances and even the most destitute of people could benefit from reading them and applying what they teach.

I can’t tell you how many times I’ve heard people say they don’t have enough money to start a business. They’re just getting by.

If you want to have a successful business, you’re going to have to change the way you think and use money.

Money isn’t good or evil. It’s simply a tool. People often misquote the biblical phrase saying, “Money is the root of all evil.” The exact quote is from 1 Timothy 6:10

“10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.”

It clearly states that it is covetousness that is the real problem.

But you do have to have a good attitude towards money.

Think of it as part of your abundance. Your abundance includes not only temporal or physical things, it also includes mental, spiritual and health.

If you have an attitude that having a lot of money makes a person evil. It will not be part of your abundance. Whining about the 1percent won’t make you one whit richer.

Focusing solely on the acquisition of money isn’t a great idea either. Other things will go by the wayside and your abundance will be lopsided. During the great stock market crash of 1929, there were a number of people committing suicide because of the loss of their money. Their abundance was lopsided and was so heavy on the money side that the loss of it sent them into a tailspin.

You must have a balance in your life.

Focusing heavily on your lack of money will also take you off balance. What you focus on is your reality. Focus on lack of abundance and that’s what you’ll get.

Jim Rohn had some great tips for balancing your use of your money tool.

“After you pay your fair share of taxes, learn to live on 70 percent of your after-tax income. These are the necessities and luxuries you spend money on.”

Rohn says that of the 30 percent you have budgeted outside of your living expenses it should be broken down as follows:

  1. 10 percent should be given to charity. Giving to others makes the universe welcome your wishes. When you give, the universe gives back. Making it a habit when you have little makes it easier to give more when you have more.
  2. 10 Percent is your money for capital investment. This is what you spend on your business. They key is to engage in business or investments.
  3. 10 percent goes to savings. Rohn says, “Poor people spend their money and save what’s left. Rich people save their money and spend what’s left. Having some money set aside for emergencies will give you peace of mind. Eventually, you will want to have at least 6 months of accessible funds available. That will take some time to accomplish but can be done over a long period of time.

Dave Ramsay, author of The Total Money Makeover, recommends having at least $1000 in the bank for a rainy day. If it gets used, start putting it back so you will always have a rainy day fund.

If you read the Richest Man in Babylon, you will see that the same principles are illustrated. And yes, it has a happy ending.

So when you look for money to start a business, get serious about your money attitude. Don’t fear it, don’t covet it, don’t hate it but think of it as a helpful tool to getting what you want and helping a whole lot of other people along the way.

Make a budget and stick to it. Soon you will see you have the money you need.

Anita Hales

anita 260

Connect with me on Twitter

Connect with me on Facebook

P.S. If you want a free strategy for making your dreams a reality, Click here. It’s a good place to start.

P.P. S.S. If you want free weekly webinars to get ideas and training for your success Click Here.

 

 

6 Comments

  • Anita Hales

    January 29, 2016 at 11:56 am

    Excellent post and great book too!! Great value to follow here!

  • Anita Hales

    January 29, 2016 at 1:43 pm

    I am 71 and I have neither setup nor ran an online business. I also have never had a JOB. I have been an entrepreneur all my life, but they were all brick and mortar. I am a disabled Vietnam Vet supporting my youngest daughter @ Harvard Law School. The student debt is my concern. I do not want her starting her career loaded with student debt. Therefore, I need to create an income stream working from home.

      Anita Hales

      January 29, 2016 at 1:47 pm

      am 71 and I have neither setup nor ran an online business. I also have never had a JOB. I have been an entrepreneur all my life, but they were all brick and mortar. I am a disabled Vietnam Vet supporting my youngest daughter @ Harvard Law School. The student debt is my concern. I do not want her starting her career loaded with student debt. Therefore, I need to create an income stream working from home.

        Anita Hales

        January 29, 2016 at 9:02 pm

        An online business is a great way to have an income stream from home. You will need to decide what type of business you want. There are several options. You can work an MLM or Network marketing business online. You can do affiliate sales. There is promotion of CPA offers. There is also dropshipping from Ebay or Amazon. You can also create your own products or offers to sell. If you have a really good and unique thing to do on YouTube, there is some good money to be made there as well. What are your interests?

    Anita Hales

    January 29, 2016 at 1:57 pm

    Richest man in Babylon is one excellent book. We all have to read it and use advices from inside. Great post Anita! Thank you for sharing!

    Anita Hales

    January 29, 2016 at 7:13 pm

    Sticking to a budget to ensure you have savings for starting your business! This was a great article, Anita! Thanks

Leave a Reply

Enjoy this blog? Please spread the word :)