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Two Keys to Financial Health

By
Education & Training with Ludwig & Associates

 

    

Motivational Power Quote

 

Two Keys to Financial Health

 

"If you outgo exceeds your income

then your upkeep will be your downfall."

Bill Earl  

   

As I see it. . . . . . . .

Two keys to financial health  

How we control our money will determine our financial health, if our business succeeds or fails and if you create financial security or financial chaos.      

In reality it's not how much money we make; it's how money we have left after all our bills are paid.   

The two keys to our financial health are to control the money coming into our business and controlling our expenses.  No business can survive where there is more money going out then coming in.  

Control your money and you will control your financial health.  

®2010, Lou Ludwig, Sales and Management Consultant Success Coach, Speaker, Trainer and Author

  

  

  

 

Bill Ladewig
LoanOfficerSchool.com - Escondido, CA
Experience Is Your Advantage

Hi Lou, thanks for your morning words of wisdom.  Bill is very clever and sooooo correct.

Jan 05, 2010 12:40 AM
Gerry Michaels
Glasswork Media Arts - Gettysburg, PA
GettysburgGerry Social Meida

Lou, simple but effective look at cashflow...

Jan 05, 2010 01:09 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Love the quote...very true.  thanks for starting my day right today Lou!

Jan 05, 2010 01:32 AM
Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

Lou,

Truer words were never spoken. A lesson our own government should learn.

Rich

Jan 05, 2010 01:38 AM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Great truism!  I was thinking today how many agents I know spent blindly without a budget, and without knowing what the return will be.

Jan 05, 2010 03:07 AM
Anthony Ebright - NMLSR ID #247647 Purchase and Refinance Mortgages
FHA, VA, Conforming, Jumbo - Wells Fargo Home Mortgage - Santa Rosa, CA

Lou - this is a timeless rule that's existed forever, but is still hard for people to follow. I'm working very diligently on this one.

Jan 05, 2010 07:00 AM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Lou, Sound advice.  This has been difficult for many in this current economy.

Jan 05, 2010 07:22 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Lou, I remember hearing years and years ago that people don't remember to pay themselves FIRST.  They pay everyone else, but then are left with nothing for themselves. Great quote and great reminder.

Jan 05, 2010 10:31 AM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO
SelectAnn.com

Lou,

I am with Sandy, PAY YOURSELF FIRST!

Happy New Year,

Ann Hayden in Wildwood, MO

Jan 05, 2010 11:15 AM
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

So true and great motivation as well. BTW love your post each day.

Jan 05, 2010 02:16 PM
Steve Hoffacker
Steve Hoffacker LLC - West Palm Beach, FL
Certified Aging In Place Specialist-Instructor

Lou,

That's a nice play on words that strings together a catchy phrase with a definite truth. :)

Steve

Jan 05, 2010 03:43 PM
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

Lou

I've heard many times that the only thing you can control in business is your cost. Thanks for verifying that.

Ty

Jan 06, 2010 09:07 AM