Thursday, September 11, 2008

Save More, Earn More

Last Friday, one of my biggest clients asked me if I'd been cashing the paychecks.

"Yes," I responded, puzzled. "Why?"

"Well, I don't know. It seems like, lately, since we've been doing all this work together, I have an inordinately large amount in the account."

Reminding her of the prediction of this when we began our work together, I assured her this was normal...and the goal.

Upon leaving her house, I sent this story to another of my biggest clients as inspiration.

Monday I arrived at the office of the second client to find his assistant puzzling over a regular weekly invoice.

"This is strange," he said.

"What's going on?" I asked.

"This account- he wants to pay the invoice in full. He never does that- he only pays in installments."

"What do you think is different that would have made him want to pay in full?"

"I don't know- he's never done that since I've worked here, nearly two years. The only thing is...there's a lot of money in that account lately, so maybe that's why."

Yes, maybe that is why! But why all the money in the accounts? It is a multi-fold system:

1. Stop the leaks: Try to discover small and large ways in which your money is leaking away- are you being charged late fees or finance charges? Do you have to take taxis because you're always running late? Eliminating these $10-$50 fees will enormously change your situation.

2. With a tighter system in place, you will have less paperwork and fewer people after you to take your money. You will also be more in control. When you are more in control, you will have the capacity to handle greater input, particularly financially.

Tighten up, earn more.

Watch it happen.