BT Pharmacy Consulting
  • Welcome
    • About
    • Recommended Resources >
      • Books
      • Prevounce Platform
      • Summit Audio Downloads
      • Webinars >
        • Top 3 Consulting Models
    • Don't see what you are looking for?
  • Blog
  • Services
    • Genetic Consultation
    • Speaking and Media
    • Elevate Pharmacy Virtual Summit
    • Shop
  • Newsletter
  • Academy
  • Welcome
    • About
    • Recommended Resources >
      • Books
      • Prevounce Platform
      • Summit Audio Downloads
      • Webinars >
        • Top 3 Consulting Models
    • Don't see what you are looking for?
  • Blog
  • Services
    • Genetic Consultation
    • Speaking and Media
    • Elevate Pharmacy Virtual Summit
    • Shop
  • Newsletter
  • Academy

Divide Your Debt and Double Your Savings, Continued

1/20/2016

0 Comments

 
Picture
This post contains some affiliate links. Some referral links may also benefit the referred as well as the referee. You may contact me for more information about referral links, as always, I only recommend products that I actually use.
​

In Part 1 we discussed the 3 strategies you can use to pay down your debt.  Now we are going to look at wealth building from a slightly different angle: money stewardship.

Being a good money steward doesn't mean you have to limit yourself or come from a scarcity mindset, it merely means that your earning potential is as limitless as you can imagine, but you must respect it.

3 Strategies to Become a Good Money Steward and Multiply Your Income


1. Improve Cash Flow
In order to be able to begin paying down debt, you also need to improve the cash flow.  It is also a good idea to schedule time for an open family conversation about your financial goals.  It may take you four years to get through to a partner, but it is your financial freedom at risk.

Begin by thinking about making simple  choices every day.  For example begin packing your lunch, make your coffee at home, use online shopping sites like Amazon to decrease frequent trips to the grocery store and automobile usage.


You don't have to go crazy and cancel your cable TV immediately, but once you see your savings start to grow, you may decide you'd rather spend your extra time growing your nest egg instead!

2. Start a Business
Of course this is my favorite subject!  If you are feeling stuck in your job and you want to earn a little extra income on the side starting a business is a great option.  Entrepreneurship and starting a "side hustle" is a great way to get you out of your rut and actively seeking out new opportunities.

It is a fact that wealthy persons do not solely rely on one source of income.  Multiple income sources is the key to financial success.


In order to have the freedom to reach for your entrepreneurial dreams, you must come from a financially stable place. 

3. Save 50% of Your Income
If you need help putting a financial plan together, I highly recommend the Save 50 E-course from Stacking Benjamins. 
This course teaches you these important lessons through self-paced video modules and their private Facebook community provides support and encouragement.

Learn how to:
  • Figure Out Your Magic Number
  • Live on a Shoestring Without Living in a Shoebox
  • Making Life Easier: Increasing Your Income
  • The Mechanics: Where to Put Your Money Once You Start Saving it
  • How to Stay Motivated and Save Half Your Income for the Rest of Your Life

Kathleen Celmins and Joe Saul-Sehy of my favorite financial podcast Stacking Benjamins are offering a 1 year subscription to the Save 50 E-Course for only $129.  It's a steal at $10.75 per month so make an investment in yourself and begin your journey to financial freedom.

Get yourself out of the scarcity mindset and in to the limitless earning potential mindset.  You can achieve your financial goals by practicing small, disciplined steps.

Join me and set a goal for saving HALF your income in 2016!

ABOUT THE AUTHOR:

Blair Green Thielemier, PharmD is an independent MTM consultant pharmacist. She is the founder of BT Pharmacy Consulting, LLC. and works with pharmacists to create and build clinical services programs. More information about Dr. Thielemier and BT Pharmacy Consulting, LLC can be found at http://btpharmacyconsulting.com ​
0 Comments



Leave a Reply.

    Subscribe now!

    Picture
    Let Us Help You Become THE 
    Pharmacist To Call


    Are you?
    • Feeling the pressure of job insecurity…
    • Desiring a position as a highly respected, sought-after healthcare provider…
    • Wasting time and money “trying to get all your ducks in a row” and staying stuck…
    • Afraid if you don’t act now, someone else will move in on your business idea…
    • Hoping to serve patients through collaborative consulting opportunities…

    The e-Course at the Pharmapreneur Academy Helps you Attract these Opportunities and More!

    Pharmacists are worried about the future, but you shouldn’t have to be.  You may be feeling your career stability is becoming threatened, but you CAN create the career of your dreams.

    When my own career took an unexpected turn, I wondered what steps I could take to become the trusted, well-respected healthcare professional I wanted to be.

    After I started my MTM consulting business, everything changed…

    Now, I help pharmacists, like you, become THE pharmacist to call.

    Pharmapreneur Academy Monthly Membership
    • We're Waiving Our New Member Fee!
    • Get Instant Access Today,
    • Cancel Anytime​
    Join Now!

    Archives

    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015

Copyright © 2015
Photos used under Creative Commons from ota_photos, marcoverch, SandCrestSEO, ota_photos, frankieleon, National Institutes of Health (NIH), symphony of love, marcoverch, marcoverch, homethods, marcus nunes, Feist, Michael - FunnyFence - catchthefuture