Good Expenses

I now have a bookkeeper. I pay him to update my personal financial statement. It's a great feeling having to accomplish even the smallest things. I'm beginning to feel of taking control of myself and my expenses.

Before I hired my bookkeeper, a good friend of mine told me that I might regret my decision because it might not yet be a good time to spend for bookkeeping. But I decided to go on anyway. For me, it's a good expense. I appreciate my friend's concern because I agree it's better to have a bookkeeper when you already have a business. But I wanted to push my limits and push myself to work hard to increase my passive income because I have to spend more.

There are good expenses and bad expenses as there are good debt and bad debt. Spending to update my personal financial statement helps me to see how I spend and how are my investments doing. Therefore, for me, it was a good decision. Besides, if I can't pay my bookkeeper anymore, then I just have to fire him. The experience was very fulfilling. And I just added another good friend in my circle, my bookkeeper.

From Waste To Wealth

It doesn't take money to make money. That is what I learned from reading business books. You can even make money from garbage. In other words, from waste to wealth. Typical example is recycling. For business people, liabilities are wastes. They can turn liabilities into money making machines. Others turn wealth to waste.

You don't need any capital to make money if you have a creative mind. You just have to open your mind to the world of business. Sometimes, it only takes an idea and a venture capitalist partner to make a wealth building business.