“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.” – Suze Orman
To many people in the beauty profession, sadly this topic will be ignored this topic will probably be ignored. Financial planning does not sell tickets, sadly glitter and hype does.
Even worse, far too many of our hairdressers are struggling to make a good living, while far too many of our salons are failing. This need not happen to you.
Many hairdressers, salon owners and people working in the beauty profession, develop an artistic mind set and ignore planning to invest in knowledge about financial planning and their financial future.
They’ll spend more time arguing about products and not their financial future.
We cannot afford to trust government or special interest groups for our financial security.
Most people in our profession have no pensions or other means for their future retirement, many live from pay check to paycheck.
You and you alone must take full responsibility for your own financial and retirement planning.
If your open minded, I think you know that today’s economy is growing. Unemployment is at an all-time low, and the future offers many opportunities to grow your hard earned money.
People who have spent a life time working hard earning money, did not plan for their future and are now paying a heavy price.
Despite these alarming trends I see windows of great opportunities for those committed to ongoing self-improvement and who are committed to learning and planning their financial future.
Here are a few financial tips that I hope will get you going.
Invest in Your Skills – the more you learn, the more you earn. As you create a demand for your services your income will grow allowing yourself extra money to invest in your future. Work hard at self improvement every day.
Avoid Excuses and Procrastination – far too many will always look for excuses to fail, excuses such as I can’t afford to save any money. Do you have the self-discipline to avoid excuses to fail?
Learn About Money – educate yourself about money. Yes of course take classes developing your artistic skills; why not add taking classes on money management and financial planning? It is not how much you earn that matters, it’s what you do with what you earn will determine your financial future.
Open and Ira or Roth Ira – don’t delay, learn the power of compounding. You must start now on planning for your retirement. You’ll thank me 20 years from now.
Money Management – learn how to save your money. Be careful how you spend your hard earned money. Instead of paying $ 7.00 for a martini, maybe instead add that money to your savings.
Stay Out of Debt – especially credit card debt. Need I say more! Pay close attention to your credit score. A little frugality over time will go a long way.
Invest Your Money – you work hard for your money, make your money grow and work hard for you.
A good start will be in owning your own home or condo, great time to buy.
We live in very difficult and challenging times. I personally was able to retire financially independent using these guidelines. It is my wish that you and your family can benefit from these tips. Your invited to view my educational resources. Financial planning and money management will be one of my topics at my 2 day business seminar in Las Vegas August 24-25.