There are a myriad of ways that the modern world pushes on our brains and bodies in ways that are challenging. We have easy access to way more calories, options and stimulation than any generation in history. This creates challenges for staying fit, paying attention and managing the budget.
There is a lot of content lamenting our current state, but these changes are hear to stay and will likely only increase since all of the pressures are connected to huge companies making more money. So what can be do? I’d propose we start with thinking through four types of fasting that can help to break out of the ruts that are so easy to fall into.
Fasting from Food
I’m not going to discuss a more traditional style of fast associated with not any food for a period of time like 24 hours. There is plenty of great content on that topic out there. I want to focus more on how abstaining from certain foods or food at certain times can help us reset and thrive.
Elimination Diets
An elimination diet involves cutting out certain types of food like milk, eggs, dairy or processed foods for a period of time to test the impact on the body. The central idea here is that modern food is pushing on the boundaries of what our bodies can handle. For many of us, if we are feeling a bit off in some way, there is a good chance that we are over our tolerance for some type of food.
Additionally, one of the biggest challenges our bodies face that cause a myriad of disorders is heightened inflammation. There may be a more significant medical issue at hand, but often times, the issue is something in the diet that is out of balance for the systems.
Regardless of what might be going on with you personally, an elimination diet may provide a doorway to unlocking better overall health.
Intermittent Fasting
This is one I have personal experience with since I have often started work very early and so I would skip breakfast due to not being hungry at 5:30 in the morning. However, along with this I noticed that I felt more attentive in my morning work hours and generally noticed that it was easier to keep weight off.
I started hearing people talk about intermittent fasting a few years later and wasn’t surprised based off my experience. This can involve simply cutting off food intake by a particular time in the evening and then planning to wait until lunch the next day for a first meal. Additional detail can be added depending on what level of results a person is looking for, but the awesome benefit of controlling the time you eat is that it allows a bit more freedom in what you do eat.
Another benefit to the intermittent fasting is that is creates a bit more rigid schedule for food which also helps the grocery budget. Any time we simplify a certain aspect of our lives, it tends to have a positive effect on our finances.
Fasting from the Internet
Similar to food, this isn’t necessarily focusing on a full blackout since that is challenging to pull off, but it may be worth it for a season. The primary challenge here is our constant access to cheap dopamine which then has numerous adverse effects on our brains.
To survive in the modern cell phone age, we need some sort of plan to pace our access to the internet and social media. This is definitely something that isn’t a space for a one-size-fits-all approach, but is really something each individual needs to thing through. Here are some options that I’ve employed:
- Deleting all social media apps and YouTube on my phone for a week
- Putting the phone away at 7 PM and not checking when I go to bed
- Media free evenings for the whole family
- Only reading first thing in the morning before work
As a family with two young teens, my wife and I are always tinkering with the amount of screen time that makes sense for their development. Along with that, it would be very hypocritical if we didn’t work on our screen time as well. After all, the goal is to be in the healthiest space we can as a family and so it’s best if we all find ways to limit our screens.
Fasting from Busyness
Busy schedules are the number one lament of almost anyone I know with school age kids. There is a constant challenge to allow the kids access to activities, but to also find a pace of life that makes sense. The idea of fasting from busy schedules is partly acknowledging that the pace of modern life is likely going to continue on its current trajectory.
There simply have to be seasons of relief, whether its taking a break from a particular sport or even a parent stepping back from a hobby to allow for some relaxing evening time. I see this one playing out similar to an elimination diet. If a family cuts back a certain amount for a month, they may find that other maladies have reduced as well. Bickering and stress may drop and it could gives signs that a bigger change is needed.
This is something that is also very unique to each family. My family goes at a slower pace and I know friends who would be bored in our rhythms, but I am also pretty sure that there are a lot of folks out there what would benefit from throttling down for a few weeks at a time to refresh.
Fasting from Spending
This is a personal finance blog and so the money had to come up eventually. This particular fast can go a couple different ways. This could be a period of really tightening the budget to a bare minimum in order to save for something special or to do a full budget reset. Another approach is to simply drop the budget down a bit to create some margin or to fight against lifestyle creep.
The value here isn’t in being hardcore, but in breaking out of the natural progression of spending more without even noticing. This is huge for folks in their 30s or 40s who are finally getting some financial margin. That margin can be swallowed up by a nice car or by simply losing the diligence that might have existed when things were tighter.
This is the #1 challenge for my family now. I want to help my kids foster gratefulness for what we have and to enjoy the simpler things in life, but we are under constant assault from consumption. That is why we need to break the pattern once in a while for some sort of reset.
Working for a Fuller Life
The point of these four fasts is to break away from patterns that naturally develop in the fast pace of modern life. I hope that this post spawns some thoughts for folks who are just working to fight for a full, healthy life. Often the best ideas aren’t very hardcore, but something that tweaks our trajectory in a positive direction.
Investing for retirement is crucial for everyone, but for those who are self-employed, it can present unique challenges and opportunities. Are you navigating the waters of self-employment? If your answer is a big yes, you likely cherish the freedom it affirms but may also feel the weight of responsibility that comes with planning for your future.
This blog post guides you through the complexities of retirement plans for self-employed professionals like yourself, covering potential challenges, available options, and actionable planning tips. Let’s dive in!
Challenges of Self-Employed Retirement
Unlike traditional employees, you don’t have an employer-sponsored retirement plan to rely on, which means it’s up to you to create a secure financial future. The journey may seem daunting, but with thoughtful planning and proactive management, you can turn the following challenges into stepping stones toward a comfortable retirement.
-
Unpredictable Income
When it comes to retirement, the inconsistent flow of income self-employed people receive is one of the biggest obstacles. It may be challenging to consistently save for retirement because of this erratic cash flow.
-
No Employer Matching
Matching contributions are a common feature of employer-sponsored retirement plans in traditional employment settings, offering a significant “free money” incentive to save. You lose out on these advantages as a self-employed person, which can be crucial in increasing your retirement savings.
-
Self-Control
You are in charge of your finances when you work for yourself. You need to be super disciplined to put saving first, even during hard times. It can be difficult to find the extra push of dedication required to contribute to retirement consistently.
-
Business Outlays
It can be challenging for self-employed people to discern between their personal and business finances. Thus, you might often find it tricky to strike a balance between the need to safeguard your long-term financial future and essential business expenses.
6 Best Retirement Investment Options for the Self-employed
Despite these challenges, there’s a silver lining – You have several excellent retirement investment options at your disposal. Understanding your choices is an essential step in planning for your future.
-
Traditional IRA
A Traditional Individual Retirement Account (IRA) allows you to make tax-deductible contributions—up to $7,000 per year (or $8,000 if you are over 50) in the year 2024. Your investments grow tax-deferred until withdrawal, typically during retirement when those distributions can be taxed as ordinary income.
-
Self-Directed IRA
A Self-Directed IRA gives you more investment options beyond stocks and bonds, including real estate, precious metals, and other alternative investments. While it offers greater flexibility, it also requires a solid understanding of the complex tax rules to avoid costly mistakes.
-
Roth IRA
A Roth IRA allows contributions that are made with after-tax dollars, meaning withdrawals are tax-free in retirement. This option is one of the best retirement plans for self-employed individuals, especially if you expect to be in a higher tax bracket when you retire. The contributions in a Roth IRA are capped at the same limits as a Traditional IRA.
-
Solo 401(k)
If you are self-employed and have no employees (other than your spouse), a Solo 401(k) can be an excellent retirement savings vehicle. You can contribute as both the employee and the employer, allowing you to save up to $70,000 in 2025 (or $77,500 if you are over 50) in the year 2025. This plan enables significant retirement savings in one account.
-
SEP IRA
A Simplified Employee Pension (SEP) IRA allows self-employed individuals to contribute a higher maximum amount compared to traditional IRAs. You can contribute 25% of your income, up to $70,000 in a year (2025). This makes it an attractive option if you have a fluctuating income year that allows for high contributions.
-
SIMPLE IRA
A Savings Incentive Match Plan for Employees (SIMPLE) IRA is ideal for businesses with fewer than 100 employees. You can contribute a certain percentage of your salary that is up to $16500 if you are under 50 and $23000 if you are over 50 ( Year 2025). Additionally, if you offer matching contributions, it can be an attractive perk for your employees.
Effective Retirement Planning Tips for Self-employed Individuals
It’s essential to take a proactive approach to ensure your golden years are as bright as they can be. Take the following suggestions seriously!
-
Determine Your Requirements for Retirement
Determine what retirement means to you first. Estimate your expenses and the number of years you anticipate living in retirement to allow for error. Financial advisers typically advise aiming for 70% to 90% of your pre-retirement income each year as a general estimate.
-
Make a Budget and Monitor Your Spending
Make a budget that accounts for both your personal and corporate spending. Set aside a certain portion of your income for retirement. You can find places where you can make savings and free up money for your retirement by using a sound budgeting technique.
-
Select the Appropriate Retirement Plan or Plans
Various retirement plans are appropriate for multiple self-employment scenarios. When choosing which kind of retirement account to start, consider your income level and your future growth goals. If necessary, seek advice from a financial professional to be sure you are selecting the right course of action.
-
Automate Your Savings
The best way to make retirement plans work for self-employed professionals is to automate savings. Your savings decisions are eliminated by automation, which makes it simpler to make regular contributions regardless of how your income changes. Thus, every time you receive a pay cheque, set up automatic transfers to your retirement accounts.
-
Invest Sensibly
In order to reduce risk in your retirement assets, diversification is crucial. Consider a variety of asset types depending on your investing time horizon and risk tolerance rather than depending only on equities or bonds. Keep in mind that investing is about protecting what you already have, not only about growing.
-
Review and Modify Frequently
Make it a point to go over your financial plan and retirement account statements at least once a year. If your circumstances or the state of the market change, make adjustments to your contributions or investing plan.
-
Think About the Tax Repercussions
Tax preparation is crucial for independent contractors. Choosing tax-advantaged accounts, comprehending deductions, and planning for the tax ramifications of your retirement withdrawals are a few possible strategies. Collaborate with a tax expert to make sure you are saving as much as possible.
Retirement plans for self-employed professionals come with their fair share of challenges. However, by understanding the various retirement investment options available and implementing effective planning strategies, you can secure your financial future.
Whether it’s through a Traditional IRA, a Roth IRA, or a Solo 401(k), the key is taking consistent, informed action. As you plot your path toward retirement, remember: it’s never too early or too late to begin saving!
Author Bio
Donnell Stidhum is a devoted Retirement Income Strategist and an expert in self directed 401(k)s and IRAs, guiding clients on their journey to financial freedom and a secure retirement. He educates clients on how to invest in real estate for retirement income. His unwavering passion for helping individuals and families build generational wealth drives him to deliver exceptional service, tailored solutions, and valuable education to every client he works with.
We don’t usually think of it this way, but investing in SEO could be a great way to earn more money. But why?
It’s all to do with the way it supports your online business or blog. The more you put into it, the more you get out of it, and it keeps delivering dividends over time, unlike conventional ads.
But how, specifically, could investing in SEO help you? That’s the topic we explore here. So, let’s take a look, shall we?
It Makes You More Competitive
First, SEO makes you more competitive, at least when it comes to vying for attention online. You’re much more likely to get seen on Google (or Maps if you have a business), allowing you to win customers just because you’re available.
Competitors who don’t invest in SEO will slowly begin to lose market share to you over time. After about a year or so, the effect can be substantial, and you can often see your results exploding.
It Provides Measurable ROI
Next, SEO is something that provides a measurable return on investment (ROI). Because of the way digital marketing methods work, you can see where money flows and how it’s distributed. As such, you can always justify the expense, provided the return is positive.
It Improves The User Experience
SEO also improves the user experience. As Toni Marino SEO Consultancy explains, it’s all to do with the way it adjusts your pages and makes them snappier. Google and other search engines love it when users have a better experience on websites they recommend because it makes them more likely to use their platforms in the future. SEO helps this process while also making your site easier to use, which is good for your brand, too.
It Builds Brand Authority
At the same time, investing in SEO is an excellent way to build brand authority. Companies that get it right will often see people viewing them in a different light, just by being at the top of Google search results.
Ranking well consistently for relevant keywords is trust-building, especially when combined with decent public reviews. This combination provides a kind of social proof that you’re on the right track and that many people are already benefiting from what you do.
It Increases Organic Traffic
SEO, naturally, also increases organic traffic, which, again, could make you more money. The more people who are blowing up your site, the better it is for business.
Gaining traffic via paid ads on social media is challenging. But if you can rank near the top of Google for organic approaches, then that’s even better and puts you in the top tier of companies in your industry.
It Reduces PPC Reliance
Finally, SEO saves you money long term by reducing PPC reliance. Pay-per-click ads can be very expensive for many small firms, making them almost unaffordable for most, which is why SEO is so popular. Once you have a proper SEO system in place, it’s often possible to eliminate ads for specific keywords entirely.
Ever check your bank account the day before payday and wonder how you got here—again? You planned, budgeted, skipped the fancy coffee, and still somehow ended up counting coins like a kid at a lemonade stand. It’s not just you. In today’s economy, staying financially afloat can feel like a full-time job with no vacation days.
Everything costs more. Groceries. Gas. Streaming services that used to be cheap and ad-free. And while wages have inched up for some, inflation hasn’t exactly sent a thank-you note. Add student loans, rising rents, and surprise bills (because your car battery only dies on Mondays), and it’s no wonder many Americans are just trying to stay one step ahead of the chaos.
Financial resilience used to sound like a buzzword. Now it sounds like a lifeline. It means being able to handle the unexpected without panicking. It’s about choices that protect your future, not just your next paycheck.
In this blog, we will share realistic steps you can take to build a more resilient financial life—one that holds up even when the economy doesn’t.
Start by Looking at the Big Picture
Resilience isn’t just about cutting costs—it’s about creating a system that fits your life and goals. You don’t need a five-tab spreadsheet or a finance degree. You just need clarity. Take a quiet hour (or ten loud minutes if that’s all you’ve got) and look at your spending. What’s essential? What’s just noise? Are you spending on things that actually help, or just filling space?
Sometimes the smartest financial move isn’t cutting back—it’s letting go. Take your home, for example. It may hold sentimental value, but if it’s draining your savings with repair costs or high property taxes, it might be worth considering alternatives. In certain situations, homeowners actually save money selling it rather than continuing to pour cash into maintenance. That’s not giving up. That’s strategic thinking. It’s about recognizing that holding onto something just because you’ve always had it isn’t the same as protecting your future.
It’s the same with subscriptions, second cars, or even that fixer-upper you swore you’d finish two years ago. Letting go doesn’t always feel like progress at first—but it clears space for smarter moves.
Building financial resilience doesn’t mean hoarding. It means understanding where your resources go and being willing to shift when the numbers—and your needs—change.
Build a Safety Net That Fits Your Life
Emergency funds are the financial version of flossing. Everyone says you need one. Few people actually have it covered. But unlike flossing, skipping this step can seriously hurt your future.
A solid emergency fund doesn’t need to be six months of expenses right out of the gate. That’s intimidating. Start small. Even $500 in a savings account can make a difference when your tire blows out or your fridge suddenly stops working.
The goal is to create breathing room. That’s what resilience is. Not being forced into debt every time life gets messy. Because let’s be honest—life always gets messy.
Apps can help. So can automating a tiny transfer each week. You’ll miss that money less than you think, and seeing the number grow—even slowly—feels like progress. It is progress.
And no, you’re not failing if you have to dip into it. That’s what it’s there for. The emergency fund isn’t a badge of honor. It’s a tool. Use it, rebuild it, repeat.
Diversify, But Don’t Overwhelm Yourself
You’ve probably heard financial advice that sounds like it came from a fortune cookie. “Don’t put all your eggs in one basket.” Great. But what if you’re still looking for eggs?
Diversifying your income or investments doesn’t mean you need to own stocks, crypto, and a goat farm. It just means spreading your risk. A side hustle here, a low-risk savings product there, maybe an IRA if you’re feeling grown-up.
Start where you are. If you’ve got one income source, look at ways to add a small second stream—even $100 a month can make a difference. Online tutoring, freelance work, selling that stack of books you’re never going to read again. It adds up.
Investing doesn’t have to be complex either. Plenty of platforms make it easy to start small, with tools that help guide beginners. Just avoid jumping in based on TikToks from people who call themselves “money gurus” but film everything in rented Lamborghinis.
A resilient financial life is built step by step. Not in viral leaps.
Know the Difference Between Goals and Pressure
One of the most dangerous traps in personal finance is chasing goals that aren’t yours. Buying a house, starting a business, retiring at 35—it all sounds good until you realize you’re doing it for someone else’s version of success.
Resilience means defining your own wins. For some, that’s paying off debt. For others, it’s having the freedom to travel once a year without guilt. Maybe it’s sleeping well at night knowing your bills are paid. That counts.
There’s nothing wrong with dreaming big. But when goals become pressure, they lose their power. Don’t let social media trick you into thinking you’re behind just because someone your age owns rental properties and has a passive income empire. You don’t know their full story—or their credit score.
Build a financial life that works for you. That’s where strength lives.
Keep Asking the Right Questions
Resilient people ask questions. They don’t just accept the first answer or follow the loudest voice. They dig a little deeper. How much interest is this loan charging me? What’s my credit score actually doing? Do I need this insurance, or was it just a checkbox?
Staying curious keeps you from getting stuck. It turns mistakes into lessons instead of lifelong regrets.
This mindset also helps when things go sideways—which they will. Whether it’s a job loss, medical bill, or global crisis, the people who adapt fastest aren’t the richest. They’re the ones who stay engaged, stay flexible, and keep moving.
Resilience isn’t about having all the answers. It’s about being willing to keep looking.
The bottom line? Building a more resilient financial life isn’t about being perfect. It’s about being prepared. It’s not flashy or fast, and it definitely isn’t easy. But it is possible—one smart decision at a time.
In a world where the economy shifts by the headline and the cost of living feels like it’s in a race with no finish line, having a plan you trust makes all the difference. Not a rigid one—but one that bends with life and still holds strong.
And in that space between paycheck and panic? That’s where resilience starts to grow.
Let’s face it; earning more money is a goal shared by most people. However, knowing how to make things happen isn’t easy. If it were, we’d all be building significant wealth.
As living costs continue to rise, the need to earn more is greater than ever. Building a clear strategy should provide the direction and motivation needed for future success. Focus on the six steps below for the rest of 2025 and beyond. While you might not need them all, the most relevant options could be your ticket to increased financial health.
Make Money From Hobbies
If looking to start making more money, you’ll want to see some benefits in the short-term future. Even if it will take far longer to notice a more significant change to your financial health, moving in the right direction is a big moment.
Learning how to make money from your hobbies is the perfect solution. It is a chance to create a side hustle without sacrificing activities that you love. Better still, you will naturally improve over time while any money gained from the venture boosts satisfaction. Crucially, it doesn’t feel like work, making it a superior choice to many alternatives. Your passion will shine through too.
The monetized hobby may remain a side hustle forever. However, there is always a possibility that it will grow into your main income source. Not least if you can find ways to create additional revenue streams over time. For example, you may be able to coach others.
Invest In Futureproof Skills
Business landscapes are evolving at a rapid rate. Frankly, there would be nothing worse than investing time and money into ideas that become redundant. Conversely, though, developing the right skills can set you up for a far brighter future.
An Advanced Certification in Digital Marketing is the ideal solution. More and more entrepreneurs are launching startups while established companies seek aggressive growth. They all appreciate the need for expertise in the bid to stand out and tap into the opportunities presented by digital commerce. Becoming that expert will open several doors for you.
Aside from securing a better paid job or promotion, it allows you to freelance or work as a consultant in digital marketing. The fact is that companies will always need marketing. Opting for a career in this field, or another stable solution like healthcare, should serve you well.
Empower Yourself With Modern Tech
Whichever industry you look to pursue, modern tech will inevitably play a central role. While you are already tech-literate, becoming better equipped than most will give you a huge advantage. And it will translate to increased earnings.
Learning to use AI models, for example, can help automate a whole host of tasks. By spending less time on admin and other low-value tasks, you can focus more on innovation. Whether it’s streamlining your personal workflow or delivering more to clients doesn’t matter. Increased productivity makes you a more valuable worker, which should be compensated accordingly.
It should also be noted that employers and clients can be easily impressed by tech. A deeper understanding of AI, automation, VR, AR, or cybersecurity helps you stand out. Of course, this feeds into the aim of making your skills futureproof too.
Invest In Yourself
Experience, education, and expertise are all vital factors in the pursuit of increased earnings. However, you should never underestimate your impact as an individual. Impressing an employer or client instantly strengthens your position.
The way you communicate with others will play a valuable role. Expressing yourself clearly and confidently makes you more memorable. Completing a Body Language Course for Business can work wonders. To truly stand out, though, you must also invest heavily in the development of active listening skills. Making others feel valued and heard is a big deal.
It’s also worth remembering that people start to form opinions within the first second of meeting you. With this in mind, it is also important to invest in your appearance. Good grooming or beauty routines should be coupled with the right clothing. If nothing else, it boosts confidence.
Consider Alternative Employment Paths
If there is only one thing we should all take from the current landscape, it’s that there are many ways to make money. If the traditional career path isn’t quite working out, there are others to consider. They could increase immediate and long-term earnings.
One of the most popular choices is to work remotely. Freelancing allows you to work for multiple clients from around the world. You can often negotiate a far higher rate of pay than a traditional job. However, the challenge is winning bids. Still, it can be a very lucrative path, especially once you’ve built a solid personal brand. The flexibility of setting your schedule is another positive.
Alternatively, you could make money from selling products online without ever touching them. Putting the digital marketing skills to good use can open the door to affiliate marketing and influencer marketing. Best of all, there is no ceiling on potential earnings.
Know Your Worth
Finally, there is money out there to be made. But only you can take responsibility and actively make things happen. Developing the right mindset is an essential step on the path to success. If you don’t see your value, how can you expect someone else to?
For starters, you should use tools to review your resume and understand your value. If you feel you are underpaid, negotiating a better salary from your boss could be an option. Otherwise, it may be time to look for another job or potentially move to a different industry. In some cases, the best option may be to relocate to a region where your skills are suitably remunerated.
While you probably don’t want to quit a job until something else is lined up, knowing your worth is key. If your current employer fails to see it, there will always be someone else who does. It may take some patience, but if you keep working hard and pursuing roles, you will get there.
The problem with financial difficulties is that they’re rarely contributed to by just one process. Of course, that’s not always the case. But if you’re already used to overspending or even gambling a little too much, you may have done so within your personal spending tolerance, knowing you may be evicted if the rent is too late, too consistently. But then, boom, all of a sudden your car breaks down and you have zero buffer. Of course, to suggest that those with these habits somehow manage to make it month to month without issues except for unfortunate events is also an incomplete picture.
In reality, if we don’t have enough money to never worry about the bill (which is vanishingly few people, no matter what people tell you), then financial literacy and good habitual management is not only worthwhile, it’s essential. Unfortunately, few of us are taught about good financial handling in schools.
In this post, then, we’ll discuss how to prevent a habitual hole you can put yourself in by implementing some worthwhile new perspectives and habits:
Don’t Fear, Ignore & Hide Debt
It’s easy to be somewhat ashamed about debt if it’s unplanned or if you’ve gotten there through bad habits. The truth is, lenders are usually much more open to working with people who engage early, because it benefits them. Payment plans, interest pauses, or even partial settlements might be available, but only if the conversation is started. You can sometimes use charities to help you. The advice of experts such as Alex Kleyner can also go a long way towards reassurance.
Also be mindful of where your debt is coming from, because it’s not always about massive debt either, as even small, missed payments can stack up in a way that chips away at your peace of mind.
Your Budget May Be Flexible, But Always Have One
Don’t make your budget into an overly complex beast, as it just needs to reflect what’s coming in and going out in a way that helps you understand your actual limits. That could be a spreadsheet, a notebook, or a budgeting app depending on your tastes, but make sure it keeps you accountable.
Sure, you may have a non-standard income or different costs (as we know when running a family), but having a baseline structure in place lets you shift with purpose instead of reacting on impulse, and it’s that latter issue which causes problems for the most part.
Set Main, Secondary & Tertiary Spending Goals
It’s good to know what your money is for, and so setting a main focus like rent and groceries, a secondary aim such as reducing credit card balances, and a third, smaller intention like putting aside something for a weekend treat is good. It keeps you focused and also disciplined, and before the money comes in you know what you’re doing with it. It’s like walking into a gym knowing the exact workout you’re going to do instead of just milling around on different equipment – you feel better, more confident, waste less time, and can relax into your routine.
With this advice, you’re sure to prevent the hole of poor financial habits from being present in your life!
We’re sure that you’ve heard time and again how important saving money is. But, when people leave out the ‘why’ of saving money, it means that those who aren’t very good at saving anyway are less inclined to do so. Most people need to have some kind of motivation to make it worth it for them, and that’s what we are here to provide.
If you are looking for some of the reasons why saving money is so important, you’ve come to the right place. We’re going to be exploring some of them down below, so if you want to know more, you’ve got to read on.
A Security Blanket
One of the most important reasons for saving is that it gives you a security blanket for when things go wrong in life. They always go wrong right around the time that you don’t have any money to pay for the problems, and that’s not helpful to you. In fact, this can cause you so much stress, knowing that you’re going to have to go into debt so that you can fix whatever has occurred, which is the last thing that you need in your life.
For example, if you lose your job, or if something breaks down in your home, it’s nice to know that you have some money tucked away, ensuring that you’re not struggling until things pick up again.
Expensive Purchases
Another thing that you’re going to have to consider is the fact that there are going to be times where you want to make expensive purchases, which you can’t do if you have no savings. For example, perhaps you would like to buy a house or a new car. Perhaps you want to propose to your partner, and you want to purchase the perfect ring from somewhere like Rare Carat, but this isn’t possible because your finances are depleted.
Making expensive purchases is a part of life, but one that you’re going to miss out on if you don’t save well.
If You Want It, You Can Have It
Finally, remember if there is something that you want and you have the money available for it then you can have it. The issues arise and crop up when you are trying to buy things when you don’t have the money, using credit for instance. This credit will need to be paid back and if you don’t always have it available then you could fall into debt. You may just be window shopping but see something that you instantly fall in love with. The issue with saying you’ll go back and get it another day is that it might not be there when you head back. It is always best to get it as soon as you see it, that way you save yourself some disappointment.
We do hope you found this article useful and it gave you some helpful tips and tricks on why saving money is important. If you weren’t taught about money growing up then you won’t have any idea about managing it or how to spend it.
Starting a food service business is a big adventure that can be really exciting but also a little overwhelming. There are so many things you have to think about before you even open your doors to the public. You’ll need to plan carefully, pick the right location, get the right team together, and handle a lot of important details.
Every choice you make early on can have a huge effect on your success later. That’s why it’s important to know the basic steps that will help you build a strong foundation and keep things running smoothly from the beginning.
Source: Unsplash (CC0)
Pick the right concept for your business
Before you can start serving up delicious food, you have to know what kind of food service you want to offer and who you want to serve. Think about whether you want a full-service restaurant, a food truck, a coffee shop, or a fast-casual spot that gets people in and out quickly. Your concept should fit the community you’re in and offer something people really want but maybe can’t find easily right now.
When you’re coming up with your concept, it helps to visit other businesses around you and notice what’s popular and what’s missing. For example, if there are five burger joints on the same street but no good pizza places, you might have found a great opportunity. Once you have a clear idea, you can start thinking about the kind of atmosphere, design, and menu that will match your concept.
Get the right licenses and permits
No matter how amazing your food is, you can’t just start selling it without the right paperwork. Every food business needs specific licenses and permits, and skipping these steps can cause huge problems later. You’ll probably need a business license, a health department permit, a food handler’s permit, and sometimes even a special zoning permit depending on where your business is located.
One important step is getting your RBS certification, which is required if you plan on serving alcohol. This shows that you know how to sell alcohol responsibly and safely. Rules can be different in every city and state, so it’s a good idea to check local laws early and make a checklist of everything you’ll need before you open.
Build a strong team
Even if you’re the best chef or manager in the world, you can’t run a successful food business alone. You’ll need a team of people who share your vision and care about giving great service. Hiring takes time and energy, but it’s one of the most important things you’ll ever do for your business. Take time to find people who not only have the right skills but also bring positive attitudes.
Training your staff the right way from the start can save you a lot of problems down the road. For instance, teaching servers how to handle customer complaints politely can turn a bad situation into a good review. Investing time into hiring and training will help build a business people trust and love coming back to.
Create a smart financial plan
One of the biggest reasons new food businesses fail is because they run out of money too quickly. That’s why managing your money carefully is not something you can afford to ignore. Right from the start, you should set up a budget that includes everything from rent and equipment to marketing and staff wages.
Thinking about managing your finances means tracking every dollar that goes in and out and planning for slower seasons too. For example, if you know that business will drop after summer ends, you can plan ways to bring in customers like special deals or events. Staying organized with your money will help you make smarter decisions and stay out of trouble later.
Design a menu that stands out
Your menu is one of the first things customers will see and remember about your business. It should match your concept and be easy for people to understand and order from. Try not to put too many items on the menu because that can overwhelm customers and make it harder for your kitchen to keep up.
A smart tip is to highlight a few special dishes that really show off what you do best. For instance, if you open a taco truck, offer some traditional tacos but also a few unique flavors that people can’t get anywhere else, or unique fusions with other local favorites. A well-planned menu can help you control food costs and keep customers excited about coming back.
The fitness industry is a booming one and there are so many different career opportunities right here for you to get involved in. Whether you’re somebody who’s into high intensity workouts where you prefer a more laid back vibe, as long as you have a passion for health and Wellness the fitness industry could be your perfect career path.
We’ve pulled together 5 careers that you could do in the fitness industry that offer variety and flexibility with plenty of potential for you to grow.
- Personal trainer. It’s one of the most popular careers in the fitness world because you get to work for yourself. Personal trainers are responsible for creating customised fitness plans and providing motivation to their clients. You can work in their home or you can do it online, or even in the gym. The beauty of this role is that it is as flexible as you want it to be. You can work at the gym, in clients homes, or even remotely which means that you get to work from home if you want to!
- Pilates instructor. If you prefer that low impact, more relaxed vibe, then Pilates may surprise you. It’s definitely low impact, but it’s definitely not relaxed! You can gain a Pilates instructor certification and go ahead with running a round of your own classes. It has gained huge popularity due to its many health benefits, such as improved core strength and injury prevention. This will allow you to guide students through carefully designed exercises that emphasise controlled movements and deep breathing, and you can work in studios, gyms, or even create your own private practice.
- Group fitness instructor. If you are a person who thrives in a team environment, then becoming a group fitness instructor could be the perfect role. Whether it’s a high energy spin class, a calming yoga session, or a Zumba workout where you’re in control, group fitness instructors can create fun and energetic environments that motivate others to push themselves to be better.
- Sports nutritionists. It’s not just about exercise, you know. Fitness is also about fueling your body with the right foods. As a sports nutritionist, you’ll be able to guide those who are enthusiastic about their health on how to properly nourish their bodies before, during, and after workouts. With a deep understanding of nutrition, you’ll be able to help people to optimise their performance and recover from injuries between their fitness goals at the same time.
- Gym manager. If you have a passion for leadership and a knack for organisation, you can carry your passion for fitness over into a gym management role. You’ll be responsible for overseeing the operations of fitness centres, gyms, and Wellness facilities. From managing people and overseeing daily operations to designing fitness programmes, you will wear many hats and you’ll wear them well.
Working in the fitness industry could change your outlook on what fitness means, and you’ll be able to even watch yourself and have flexibility in your future.
Why is your business circling the drain? There are many reasons that this could be the case, and it’s important that you identify the cause before things get worse. If you don’t, you could end up losing your business for good and that is certainly not what you want when you have spent so much time starting up your business.
So, you’ve got to work out what the issue is, and then go from there. Finding a solution is only possible when you know what you’re tackling, and that’s why we’ve written this article. Down below, we’re going to be taking a look at some of the things that could be causing you problems, and how to manage them effectively. Keep reading down below if you would like to find out more.
A Lack Of Finances
The first thing that we’re going to look at are your finances. Do you have any idea what the state of your finances is right now? If not, then you need to take a look at this as soon as possible as it’s entirely possible that this could be an issue. If you’re spending too much, if you’re not investing enough in certain areas, or if you generally just don’t have enough for your business to survive, that’s going to be a huge issue for your business.
If you don’t have enough money, then the simple answer is going to be getting some more. We know that this is a lot easier said than done, but there are a few ways you can go about this. You might want to apply to the bank for a small business loan. You might want to speak to an investor and see if they can help, or you might want to look into crowdsourcing options and see if this could be something you could get involved in.
If the problem is the way that you’re allocating money, then you need to get a handle on this fast. The more that you put this off, the harder it’s going to be when you do finally decide to face the fact that there is an issue.
Leadership That Isn’t Working
It may also be the case that your leadership isn’t working. If the way that you’re running your business doesn’t seem to be proving effective, you’re going to need to do something else and fast. But, you can’t just change your leadership overnight because you likely do not know how. That’s why you may decide to take some courses and see what comes of them. Perhaps they will show you where you’re going wrong, teach you some new techniques when it comes to managing your business and dealing with employees. You never know until you try!
As the business leader, it’s up to you to set the standard, and if you’re not doing that, this could be an issue. You have to improve as much as you would want anyone else to improve who works for you, even more so seeing as you are the one who has the most to gain and lose from your business.
Poor Quality Marketing
Marketing is one area of your business where you need to pay close attention to what is going on. Without the right marketing strategies in place, you won’t get the level of customers you need to keep your business afloat. Marketing is an area of your business that will take the most of your budget and with good reason. You need to reach existing customers as well as new customers and they need to know who you are before they purchase from you.
Do your research when it comes to marketing, there are plenty of strategies and techniques out there but it doesn’t mean you should be using them. Video marketing is a popular one and can be added to your website, so customers can watch who you are and what your business is about. You could also use social media or place good quality business cards in and around the local neighborhood.
No Plans For The Future
As a business owner you need to know where you want your business to be at all times, this includes in two years, five years, and even ten years. If you don’t have this planned out then you will be flying blind trying to navigate the business world. Making plans for the future is a positive thing as it means you have faith in not only yourself but your business as well.
You might plan to open in other locations, or even in another country if you are feeling brave. You might also plan to hire new staff or expand your current working space, the list of possibilities is endless.
Tech? What’s Tech?
Have you ever been on the phone to a company and been told that their systems are running slow? This is probably due to them not having the right tech that they need to handle all their systems and workload. This can lead to pages not loading or taking ages to load and customers being held on calls for far longer than they need to be. Not having the right tech or systems will slow everything down and it will become increasingly frustrating for all involved.
When it comes to buying tech for your business you will need to get the very best that fits into your budget. You don’t always need to buy brand new tech that only came out last week, you can still buy older tech. It just needs to be recent enough to handle current apps and systems. Make sure you don’t blow your budget as you can always invest in better tech further down the line when profits start rolling in.
Hopefully you found this article useful and it gave you some ideas on why your business could be going down the drain. The last thing you want is to lose your business over something that could have been fixed relatively easily. Remember, as a business owner there will be hurdles that you need to overcome. Don’t let these keep you down, find your light at the end of the business tunnel!