Posts tagged ‘debt free’


Do What you Love, Love What You Do!

do what you loveDo What You Love, Love What  You Do!

“Happiness is not an accident.  Nor is it something you wish for.  Happiness is something you design.” – Jim Rohn

What can Spring Cleaning teach you about Money?

I thought about this a lot and figured a lot of moms like myself, and definitely women on a whole are often doing spring cleaning time and time again.  But what kind of money lessons can it teach you.

Well Money Coach and Business Mentor Cheryl Hanson-Stimpson has some great ideas below:


Money Lessons from Spring Cleaning

Recently I found myself compelled to carry out a major re-organising project in my home. I finally admitted that I had run out of space to keep some important items, so I decided that it was time to take control of my chronic storage issues. With spring in the air, it presented the right opportunity to take on a comprehensive clean-up challenge.

At first, I thought that the simple answer to my dilemma was to purchase a few more containers or another cabinet to house all the stuff that I needed to put away. However, a quick audit of my closets revealed that I already had more than enough storage bins; the real problem was that I was keeping too many things in them that I no longer needed.

I realised that there was only one solution — some of my stuff had to go. As I went through the slightly traumatic process of unpacking, sorting and deciding what to keep or dump, I thought that most of us could probably benefit from a clean-up campaign on our finances. Upon further reflection, I began to see some lessons that spring cleaning can teach us about money success.

Get rid of the past

In clearing up, you may come across items that make you wonder, “Why am I still hanging on to this old stuff?” Similarly, we often hold on to our financial failures and allow them to hinder us from moving forward. The credit cards which we maxed out; the savings accounts which we cleaned out; the investments in which we lost out; we need to learn from our mistakes and let them go.

While you need to release your past disappointments, it’s just as important not to get stuck in reliving your past successes. In The Greatest Salesman in the World, author Og Mandino declares, “Nevermore will I be satisfied with yesterday’s accomplishments, nor will I indulge, anymore, in self-praise for deeds which in reality are too small to even acknowledge.”

Whether your past has been difficult or delightful, be mindful that you have the ability right now to make use of your wealth of experience to accomplish great things. Your best days are ahead of you, so stop looking behind; focus your thoughts and actions on what you need to do in the present, to create the financial future that you desire.

De-clutter your life

Cluttered closets can be very frustrating, because you can never find what you want with ease, and searching for your stuff just wastes your time.Disorganisation, in any arena, brings chaos and confusion and prevents you from seeing your way forward clearly. However, having a cluttered financial life can be more than a petty annoyance; it can actually cost you dearly.

Are you clueless about where and how you spend your money? Do you forget your bill payment dates and constantly have to pay penalties? Have you lost track of your deposit amounts scattered across different financial institutions? These are just some of the ways in which you can become trapped and confused in a disorderly money muddle.

Remove your financial clutter forever by getting your money organised. Create a budget (you can download one at and use it to make informed spending choices. Record your bill payments a day or two before they are due in your diary or mobile phone calendar. Seek expert financial advice to create a structured savings and investment plan to achieve your goals.

Prioritise and live simply

The hardest part of spring-cleaning was deciding which items should go and which should remain. My rule of thumb was that if I hadn’t used it for a year, I was highly unlikely to ever need it again. In fact, I decided to make the garbage can my most valuable piece of furniture; no new item would be put in storage if it didn’t have a clear and important purpose.

Too often, we become overwhelmed with our lives because we continue to accumulate more and more unnecessary things. The never-ending pursuit of mindless stuff will only bring discontent and an unquenchable desire to outdo ourselves and other people. When retail therapy beckons, ask yourself: “Do I really need this new pair of shoes? Does my home really need another decoration?”

Consider all the better uses for your money that will bring lasting benefits, such as saving for your goals or donating to worthwhile charities. Choose to spend below your means and live a more simple existence. When you leave space in your life, you actually give yourself enough room to receive new opportunities and blessings that would otherwise have passed you by.

While it’s great to live the good life, sometimes the simple life can bring more long-term satisfaction. Spring-cleaning has inspired me to let simplicity be my new way of being; where less can be more and true wealth is not dependent on all the stuff that I have.

Copyright © 2012 Cherryl Hanson Simpson. 

Now isn’t that something to think about.  The next time you are about to purchase something, think carefully on whether its a need or a want.  Do you really need to buy it?

Remember “The key factor that will determine your financial future is not the economy; the key factor is your philosophy.” — Jim Rohn

How do you think about money?

Here’s a chance for a Fresh Start in your financial future, grab it with both hands!

Cherryl is a money coach and business mentor, and founder of Financially S.M.A.R.T. ServicesSee more of her work at and


“That’s a Scam”, “A Pyramid”, those are some of the statements I would get from well intentioned people.  Family, friends, acquaintances, who would say, you’re wasting your time.  But guess what, I needed to make extra money.  I needed a business option without all the risk.  I was already strapped for time, and resources.  So what do I do?
When I found Network Marketing, I had no clue about how it really worked, so far it has been like a blessing in disguise.  Because along with the added income it has propelled me on a journey of self development.
But I thought if Network Marketing is the best kept secret, how come more “business” persons weren’t flocking the industry.  How come you still have persons turning their nose at it? And I knew it was a lack of understanding.
Imagine my surprise when financial analyst Cheryl Hanson-Stimpson wrote about “How to Work less and Earn More”, this article was so poignant and to the point, I felt vindicated!
So if your looking for a FRESH start, ways to make more money, not sure where to turn, arm your self with some good advice from someone who knows and then make your decision.
NETWORKING FOR EARNING by Cheryl Hanson-Stimpson
“… “How can I earn more money?” If you’re seeking an answer to this problem, but you have insufficient time to increase your income, then you may have to change your method of making money.
As discussed, most persons earn a living by pursuing linear income, and have to continually put in work time in order to get paid. Linear income puts a ceiling on your earning ability, as time is a restricted resource. Also, if you have to physically stop working for any time above your vacation or sick leave allowance, your income is negatively affected.
Looking for options, we considered residual income, where you are able to earn continually from some type of work or investment that you carried out once. For example, you can earn residual income on royalties from book or record sales. We also examined leveraged income, in which you can multiply your total income by utilising the efforts of other people. If you employ others to work in your business, then you make use of this type of income.
Although residual and leveraged income sources can help to exponentially boost your earning power, the reality is that it can be difficult to make practical use of these options. Not many people will achieve financial success by writing books or recording music; and being a profitable business owner takes time, money and knowledge, which may elude the average person.
Is there a way to earn extra income without actually creating your own products or business? What if you could make money by buying products that you like and use all the time, and then recommending them to others?
Referral revenue is real
Referring your friends to try products and services is an everyday activity; you rave about the latest movie, you suggest the tastiest dish at your favourite restaurant, you insist that your hairdresser is the best stylist in town. Although your efforts may increase sales for these businesses, you don’t usually get paid for your endorsements.
The good news is that many companies have realised that personal recommendations for their offerings is a powerful marketing tool. The immense value of regular people directly promoting products and services to their friends and colleagues has spawned a method of distribution called network marketing. This direct selling method is widely used by industries involved in wellness, household products, communications, cookware, skin care, office supplies and many more.
In other words, there are companies out there that will pay you to buy their products and refer others to do the same.
The networking model
The structure of network marketing is based on two fundamental principles. A company offers individuals the opportunity to become independent representatives or business owners to distribute its goods. This process redirects the company’s sales expenses from costly advertising campaigns and retail middle-men, and puts the money into the pockets of the end users.
This distribution model also utilises an extra incentive to boost sales, by allowing the representatives to create their own network of independent business owners. For their efforts in increasing the marketing of its goods and services, the company will reward business builders with a percentage of the revenue generated by their teams’ efforts.
Network marketing offers both the residual and leveraged income options that we have highlighted. Once you establish dedicated customers for the products that are available, you have the ability to get repeat revenue. You take advantage of leverage when you earn from the sales of your network of distributors. This opportunity also comes without the hassle of actually creating your own products or business.

Evaluating an opportunity
In Jamaica, there are several established network marketing companies such as GNLD, Herbalife and Avon, as well as many new options. Like any other business, it’s important to do the groundwork to determine if a network marketing opportunity is right for you.
Some considerations include:
– Do you like the products or services that are offered?
– Are the products consumable (used repeatedly) and in demand?
– Is your earning directly tied to sales volume?
– Does the marketing plan sound too good to be true?
– Who are the owners or principals in the business?
– Does the company provide effective training and support?
– Is there a focus on personal development for the distributors?
Some people have an erroneous impression that network marketing is a way to get rich quick. The easiest thing about this opportunity is that the products, distribution system and earning plan are already created for you. To be successful you still have to work hard; you must be willing to learn the business, create a customer base, motivate and train your team members, and develop your leadership abilities.
So, whether you are looking for some extra income or desirous of running a business full-time, network marketing could be a profitable choice!”
Copyright ©  Cherryl Hanson Simpson.
Cherryl is a financial consultant and coach, and the founder of Financially S.M.A.R.T. Services, Jamaica’s number one source for practical, down-to-earth and independent answers for all questions relating to personal finance. Cherryl is currently writing her first book, The 3 Ms of Money. See more of her work at

What has your journey been like, share your story.


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