ENTREPRENEURIAL JOURNAL - WEEK 11

ENTREPRENEURIAL JOURNAL - WEEK 11

I’m learning very quickly that becoming an entrepreneur is going to be hard and that I will just have to keep trying even when I feel like all is lost.  I’m looking forward to learning more about the finance of things. I’m interested in the cash flow piece of entrepreneurship. 

My attitude towards money is that we all need it to survive.  I want to honestly earn it to help support my family. I’m in between Gibson and his sister on my money desire.  I do not want to only think about money and how it can be used but I’m not going to not think about it either.  I make sure that we spend within our means always.  We had a couple of credit cards at one time but because it is so easy to use we used them and then could not afford to pay them off every month so for me and my family it works better to not have them at all.  My view on money affects the way I live because now I must know what we have earned before I spend it or I will fall back into the habit of using a credit card because I don’t have to worry about the bill right away. The rules to follow are these:

Rule 1. Seek the Lord and have hope in him

Rule 2. Keep the commandments, that includes the temporal ones, tithing, and fast offerings.

Rule 3. Think about money and plan how you can become self-reliant.

Rule 4. Take advantage of chances for learning so you will not be ignorant of these matters. Education, as President Hinckley has taught us, is the Key to Opportunity.

Rule 5. Learn the laws upon which the blessings of wealth are predicated.

Rule 6. Do not send away the naked, the hungry, the thirsty or the sick or those who are held captive.

I know that if we follow these rules we will be able to live on this earth happy.