Putting More $$$'s in Your Pocket!

By
Education & Training with Advantage Solutions Group

It’s Not What You Make, It’s What You Keep!

In today’s economy, most of us are looking for ways to maximize our income. It was a big Ah-ha for a few of the participants in my Business Planning Teleseminar this year when I said,” one of the most important actions you could take was looking for where you could save money since you get to keep every $ you save, whereas each dollar you add to your gross will be diminished by expenses and taxes.” In other words, saving $1 gives you $1 and making another dollar probably only gives you 50 cents!

Actions to take to save in 2011:

  • Re-negotiate with your vendors and service providers. Call EVERYONE-the phone company, your insurance agent, your website provider and ask for a better deal.
  • Look at last year’s expenses to determine where your business was generated. Drop or modify expenses that aren’t bringing in business.
  • Assess all those items that you are being charged for automatically every month. I was paying $15 a month for Netflix and after I cancelled, they offered me the same deal for $8. And then I find I can do this for free with my Wii. Are you paying for a service you aren’t using or that you could get at less expense?
  • Are you maximizing your expenses? Do you log your mileage? Keep good receipts for entertainment? Snacks & tunes for your office?
  • Sign up for Groupon or Restuarants.com to save money on your meals out and other services. Restaurant.com runs specials frequently when you can buy a $20 certificate for $2. These also make great gifts for clients.

Spend time on your budgets and you’ll put money in your pocket! I’d love to hear what you are doing to save money and thrive in 2011!


Posted by

Comments (3)

Keith Vermilyea
Boise Homes Realty brokered by Found It LLC - Boise, ID

Thanks for some great tips Joeann, expense reduction is an area that I am really focusing on this year...

Jan 05, 2011 02:55 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Hi Joeann, So many good common sense tips. The more you save, the more you keep. What a concept. In other words, saving $1 gives you $1 and making another dollar probably only gives you 50 cents!

Have your ears been burning? Saying only wonderful things about you.

Margaret

Jan 05, 2011 01:54 PM
Joeann Fossland
Advantage Solutions Group - Tucson, AZ
Master Certified Coach to Motivated Agents

Keith! You are a smart man! Have an amazing 2011!

Margaret! Thanks And yours should be burning too!!!! Love you bunches!!!!

Jan 06, 2011 04:44 AM