Your Finance Travel Buddy presents One Simple Step

Happy Sunday fellow Financial Freedom Seeker

Mindset Moment

One Simple Step

Last week we looked at how much you spent in the last month. Whilst it is very important to maintain oversight and control of your spending, the fact is that there is a limit to how much you can save. 

But there is no limit to how much you can earn. 

And so, it is also important to think about ways you can generate additional income, outside of your employment. 

Your One Simple Step this week is…

To sell something you own that you don’t use / need / want anymore

Why is this important?

What limits your earnings is often your own limiting beliefs. 

People take up employment because it gives you guaranteed salary that should enable you to pay your bills. Often people work 40 hour + weeks in employment. 

But people are less quick to find additional ways to generate additional income. 

When people look at numbers associated to additional income generation, you want those to be big numbers. Whether it’s investments, side hustles or business profits – you get put off by those numbers being small. 

But everyone must start somewhere, and that somewhere is more often small revenue numbers (or no revenue numbers if you’re starting a business) rather than large ones from the outset. 

Therefore, you need to find a way to reframe your mindset so instead of lamenting small amounts of income generation, you celebrate the generation of any income that is in addition to your main employment. 

This exercise of selling something you own is more about reframing your mindset then it is about the amount of income you generate.

There is something empowering about making money through your own initiative rather than through a monthly pay cheque. 

Recently, my husband sold two side tables we no longer needed on Facebook marketplace. We got £40 from that transaction. A lot less than we paid for the side tables originally, but a lot more than if we had just thrown them away. We used that £40 for our food shop that week – it didn’t come out of our joint account which was a great feeling.

If you can sell something you own, to cover an expense that then doesn’t come out of your card, let that fill you with a sense of achievement. That will also fill you with a desire to continue making additional income for yourself.  

Found this email thought provoking and helpful? 🤔 Refer your friends/colleagues/family to the newsletter to receive free tools that will help you enhance your personal finances

Have a fabulous week ahead!

Until next week

Pernia | Your Finance Travel Buddy