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What Christian Happenings Would You Like to See More of in the River Region?









 
Monday, 13 March 2017 07:24

Dave Ramsey has the Answers to Your Questions!

Written by  Dave Ramsey
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Q. My husband and I have four kids, and I make $50,000 a year. He runs a small business that has been floundering for a while now, so we’re basically living off my income. Part of that income is going into the business. Plus, we don’t have much in savings, and we’re behind on our house payments. Do you have any advice?

 

A. First of all, you and your husband have to get on the same page financially. Sit down together, and do a household budget and a profit and loss statement on the business. A profit and loss statement will tell you the money that comes in minus the money that goes out.

 

Here’s the thing. If you’re putting other money into a business account, that’s a clue that you’re not making money on the business. Put his rent, supplies and any other business expenses on the profit and loss list, and write out — step by step — what it will take for you to break even in the business each month.  If you don’t at least break even, then it’s time for him to do something else for a living.

 

I’m an entrepreneur and a business owner. I get the allure and excitement that goes along with running your own business. But family and your financial responsibilities come first. You don’t need to put any money into the business account, except for the income he creates. And while you two are sorting this out, use your income to get current on your house payments and attack any other debt!

 

 

Q. I’m 37 years old, married with two great kids, and I was just diagnosed with multiple sclerosis. I’m trying to plan for the future, and I was wondering if you have any suggestions for work at home or self-employment ideas for people with disabilities.

 

A. I’m really sorry to hear you’re facing this. You’re a smart, brave young woman to be looking ahead and making plans for the coming years.

 

I suggest you read a book by Dan Miller called 48 Days to Creative Income. Dan is a friend of mine, and he also wrote a popular book titled 48 Days to the Work You Love. The issue you’re talking about is very close to his heart, and I think his books will be a great help to you.

 

There’s also a book by Richard Bolles. It’s called Job Hunting for the So-Called Handicapped or People Who Have Disabilities, and it’s full of ideas to help you work around the issues you’ll be facing.

 

There are lots of people out there — well-known, highly successful folks — who have disabilities and still make good money and have rewarding lives using the principles found in these books. Another great piece of news is it sounds like you have a wonderful support system around you.

Last modified on Monday, 13 March 2017 07:41
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