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We've talked about ADD and money in our last couple of
articles. This time, we're going another step further.
Once you have your money organized and you have excess, meaning
all of your bills are paid and you’re out of debt, then you can
have something set aside for messing around, having just fun
with.
We’re going to talk with you about an ADD-friendly system that
will help you to do just that. When you’re down to the wire,
when the money is not there and you don’t know what to do, all
you have to do is ask yourself two questions.
First, you have to make sure you’re only spending money on
absolute real necessities, which means food and shelter. After
those two necessities are taken care of, there’s only one other
type of thing you should be spending money on, it’s very simple.
Ask yourself this question: “This isn’t food, and this is not
shelter. If I buy this thing, how is this thing going to make
me more money immediately, not long term? How is this thing
that I’m going to buy right now put more money into my pocket?”
If you cannot answer that question, you do not buy it. If you
can answer that question, and indeed it plugs directly into
whatever you’re doing with your job or your business, and it
will indeed make you more money, then you have a winner. You
can buy that thing.
We’re talking about when you’re in a desperate situation. The
tactics that I’m sharing with you are desperate situation
tactics, but even if you’re not in a desperate situation,
impulse purchases may still be a problem, especially for
someone with ADD. How many times have we talked to people who
said, “I bought seven programs and I don’t know how to
implement them all, but they all sounded so good”?
Don’t bring your credit cards to an event, number one. Bring
one check if you have to, or bring cash or your ATM card. The
other thing is, you’ve got to apply this exact same principle
to that situation. Ask yourself, ""Is this particular, tactical
piece of information what I need at this moment to make more
money immediately?""
Once you get your money managed, get it squared away, get it
growing for you, then you can start doing more experimentation
because you have separate bank accounts set up for money
experiments; for trying new things on a whim. You set up a
separate account--a whim account--just for messing around with
stuff.
When you’re tight, and you’re trying to change things, we
strongly encourage you to be extreme, because it’s a lot easier
to go for extreme money management and get pretty good money
management than it is to go for pretty good money management
and not end up changing anything.
Plus, there is a proliferation of the term ‘multiple streams of
income’ in our society at this moment. “Oh, I’ve got to have
multiple streams. I’ve got to have multiple sources of
revenue.” Yes you do, but you don’t need them all today. What
we’re talking about here in the concept of making more money,
and making and saving money, is you’ve got to get your streams
up one at a time. You build one, you tweak it, you make it run
smoothly, you keep it going, you’re comfortable, then you move
on. But you have to focus your ADD and stick with it, as long
as it's viable.
What you’ve got to look at in your own business is, ""What’s
going to make me the most amount of money, even though I might
not like doing it right this moment?"" and focus on that stream
of income.
The point we're making here is that you need to stick to the
basics when your back is to the wall. Even when it's not, you
have to curtail your ADD-induced impulse purchases, or your
back will be against the wall. And, you have to run your
business the same way. You have to use your ADD to hyperfocus
on what's bringing in the most cash.
If you want something, ask youself, ""Will this help me to make
more money? Do I need it to make more money?"" and base your
decision on those questions. If you don't, you'll never have
financial freedom. You'll never be stable, and you'll always be
scratching for the buck. That's no way to live. Control your
ADD, control your money, and you'll be happier all around.
About The Author: Tellman Knudson, certified Hypnotherapist, is
CEO of Overcome Everything, Inc. Stephanie Frank is an
internationally known speaker and author of ""The Accidental
Millionaire."" Find out if you have adult ADD. Take the ADD
test at http://instantaddsuccess.com.
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