3 Secrets to Increase Your Worth This Summer

May 25, 2010

There are three things that all of us need to be doing so that hard economic times (and they will come and go throughout our lives) will not devastate us.

First, live debt free. If you have debt, do all you can to pinch every penny to get the debt eliminated. The best source for how to go about doing this is Dave Ramsey.  There are also tons of websites/blogs to learn how to be frugal. My all-time favorite is Money Saving Mom .  I’ve also started using Southern Savers to help me with grocery shopping…love it!

Second, increase your ability to make money and save money. The more things you are able to do for yourself and for others makes you more ‘valuable’, not in the sense of human worth, but the more skills you have the more ways you will be able to increase your income.

The key is to have multiple streams of income. I do not make a lot of money making quilts, but I do make some. I don’t make a ton of money making cakes, but I do make some. I do not make a lot of money teaching classes, but I do make some. You see it is being able to do many things that keeps money flowing in while I also help my husband, homeschool, care for our home and so on;  it all adds up!

This same thing goes for my husband. Several years ago when we were considering having a reversal Jeff was concerned about his ability to ‘provide’ for  more children. His boss at the time, who was a very wealthy man, looked him square in the face and said, “Jeff, you are much more equipped to provide for your family than I am mine. I can only do a couple of things, you can do many things.” Oh, how true this is!

The best time to learn is when you are young, BUT you are never too old to learn something new.  As parents we spend so much time and money making sure our children are educated academically (which is a good thing), but so often the practical things are ignored or even perceived as menial.

We have an older German lady that we do some cleaning for, she was a child during WWII in Germany. She will often tell us what life was like there, especially after the war when  their money was worth nothing. It was their ability to work and know practical skills that got them through that time.

Third, and most importantly, remember that God is our provider. As long as we remain faithful, seeking His Kingdom here on earth He will provide for our needs, that is His promise!

Summer is the perfect time to learn a new skill, not just for the sake of knowing how to do something, but being able to use that skill to make money, or the very lest save money.  The more skills you have, the more versatile you are, the more secure you can be.

What are your plans this summer? What life skills will you equip your children with this summer? What do your children need to know before they get married?

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Topics: Frugal Choices, Making Money From Home, Money Management | No Comments »

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