| A retirement savings plan is essential to your future | | | | company expenses by 10% to stash away in his |
| financial security. Where to put the money is not the | | | | retirement savings plan. We looked at each expense |
| issue. There are numerous choices of where to put | | | | from the viewpoint that the vendor was on his |
| your retirement savings. The question for most | | | | 'payroll.' |
| people is where do they get the money for the plan. | | | | Right away we were making a game of firing |
| Here's how to start one on your own, RIGHT NOW! | | | | suppliers like the extra $9.95 per month third-party |
| The old saying, Pay Yourself First, is without doubt, | | | | fraud protection on each of his credit cards. We |
| the best financial advice you'll ever get. If you don't | | | | didn't renew the contract on some advertising that |
| pay you, who will? How do you manage that? Here's | | | | wasn't bringing in any new business and found a less |
| how. | | | | expensive alternative and saved $280 a month. We |
| From every dollar that comes in the door, take 10% | | | | consolidated part of his debt to a low interest loan |
| off the top and put it in an account that you have | | | | and saved over $300 in interest charges every |
| designated for your retirement savings plan. This is | | | | month. We sold a lease-purchase piece of equipment |
| more than likely a scary idea for those with debt and | | | | he didn't need and paid off the note. That gained him |
| past due bills to pay. What do I say to that? JUST | | | | $239 a month. We even fired his bank and moved his |
| DO IT! Making the firm commitment to yourself to | | | | accounts to one with no monthly account charges |
| operate on 90% of your income is half the battle. As | | | | and got the old bank off his payroll to the tune of |
| time passes, you'll find you have adjusted to | | | | $25 a month. Now he has a nice pension fund building |
| operating on less money. | | | | up each month. |
| The best benefit of this self created retirement | | | | Why is controlling the flow of money so important? |
| savings plan is the peace of mind you'll have just | | | | Money is the energy and life blood of a company. It |
| knowing the money is there and that you are building | | | | is vital to pump it through the money making areas |
| your own financial security. You will find that you | | | | first to keep it running smoothly. Everything runs |
| actually stop worrying about money. Just knowing | | | | smoother when plenty of cash is available. And that |
| that cash is there will make you sleep better at night. | | | | includes you, the business owner. The Money |
| Do you think the whole 10% is too steep a step to | | | | Management Solutions software guides you towards |
| start with? Take a look at your cash flow from a | | | | making the most advantageous decisions about how |
| different point of view. Go over all of the suppliers | | | | to use your money to increase your income and |
| you pay out of your cash flow every month and get | | | | bottom line. |
| the idea that these suppliers are all on your payroll. Is | | | | You can make a fun retirement savings plan building |
| there anyone you can terminate and operate | | | | game with your company's cash just by changing |
| without? Is there anyone you can cut back from full | | | | your viewpoint about how you will use the money. |
| time to part time status? Just look at the bills that | | | | Be the Donald Trump of your own company. Take a |
| arrive every month, and those automatic fees | | | | really close look at who you are paying out of your |
| deducted from your accounts and you'll see exactly | | | | hard earned income. Don't be shy about saying |
| who is on your 'payroll'. | | | | 'You're Fired!' and pay yourself 10% first by putting |
| Here is an example. I was working with a company | | | | that money away in your own retirement savings |
| owner who was having a difficult time cutting | | | | plan. |