So you want to be broke, have no money,  and stay in the economic trap? Here are the top 7 actions you can take to insure you have NO MONEY and are living in poverty.

1. Spend every dime you make and deny yourself nothing; buy stuff whether you need it or not.

2. If you have any money in the bank or room on your credit cards, go out and spend it. Don’t worry about emergencies that may come up. When they do, borrow more money to handle it.

3. Work to make just enough money to barely pay your bills and be sure to spend your free time out spending money. Don’t stress over the yearly increase in the cost of living.

4. Use your credit cards to pay for essential items like gas and groceries, and to do impulse shopping for things you want but don’t need. Max out those credit cards.

5. Pay only the minimum payment required on your credit cards each month, and don’t worry about the extra charges for paying late or spending over your credit limit.

6. Never put any money in savings, and if you do, feel free to tap into those funds when you can’t pay your bills.

7. Rely on the Government and Social Security to take care of you when you can no longer work.

These actions will guarantee that you are being controlled by the money and are broke and living in poverty.

If you don’t care that you’ll constantly be worried about money and plagued with money problems, then you’ll be able to spend those sleepless nights out spending more money on credit cards or shopping on-line on the computer for entertainment. Heaven forbid that you should be working on ways to take responsibility for your own financial survival instead of relying on someone else to take care of you financially. Isn’t that what friends, family and the Social Security system are for?

Now that I’ve given you all this advice about how to live broke and die penniless, I should also tell you that there is a money management system that you can use to control your income and debts to get on the road to financial freedom. Just in case you change your mind and decide you want to take responsibility for improving your own financial condition, you can read some of my other articles on my Money Management Solutions Blog.

Sandra Simmons, President of Money Management Solutions, Inc. specializes in helping people manage their money to achieve their money management goals, so be sure to claim your FREE Debt Reduction Solutions Guide

If you would like to know just how bankrupt the US is – with future committments for medicare, medicaid and Social Security for the 78,000,000 baby boomers who will start tapping the system starting January 2008 – you’ll want to check out these 2  short videos by David Walker, Chief  Comptroller for US General Accountability Office.

According to the video, between 2000 and 2005, the US incurred 26 trillion (yes, trillion) additional future debt. No wonder why the Dollar is falling hard against foreign currencies.

http://www.youtube.com/watch?v=DXr_Ga_n0pY&feature=related

Lastly, if you have always wanted to get de-mystified about the Federal Reserve Bank – and how a small group of private individuals have bankrupted America – you won’t want to miss this video featuring Ron Paul:

http://video.google.com/videoplay?docid=5232639329002339531

“It is well enough that people do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford

Wake up America! Your personal financial survival is at risk. Your Constitutional rights are being violated, and you are being robbed of your financial freedom.

Sandra Simmons, President of Money Management Solutions, Inc. specializes in helping business owners and individuals manage their money to achieve financial freedom. Claim your FREE Debt Reduction Solutions Guide

© 2008 Sandra S. Simmons. All Rights Reserved.

Ever gotten that feeling of anger and despair when you thought of working out a budget? Then the odds are good you’ve never looked up the word in a good dictionary to find out what this word really means, and thought about how you can use that to your business’s financial advantage.

Want some really good News? Running your business on a budget does not entail cutting back on the quality of the things you buy or denying your company anything it needs to operate. What it does mean, is that you have to figure out how to make enough money to afford the items your company has to have and to keep your spending within the limits of your income.

There’s more good news! The most valuable asset you have is you and your staff, and your income earning potential. If you want more money to spend, then figure out ways you and your staff can be more productive to bring in more money.

Another definition you need know is this: a BUDGET is the amount of money required for the business to operate, and to attain its financial goals.

Let’s consider the first part of the definition; how much is needed for you and your company to run. Add up all the money you spent in the past year to see how much money went out the door including what you put on credit cards plus interest. Divide the total by 52 weeks, and multiply it by 1.136. The result is what your weekly budget is. That is the amount of income your business has to bring in just to function plus barely keep up with increases in the cost of doing business. That doesn’t include paying compund interest on credit card debt.

More than likely, you have financial goals you also want your company to attain; That’s the second part of the definition. Reaching those goals must get added to your budget as well.

Here is an example: a company owner wants to purchase new office furniture 6 months from now that costs $2,000. They divide the cost of the furniture by the 26 weeks they have before the target purchase date and learn they have to set aside $76.92 every week to have the cash for the furniture. This gets added to the budget, meaning the additional amount of income they have to put into the bank every week.

Most importantly, if you, the company owner, want to attain the goal of financial freedom – working because you WANT TO instead of because you HAVE TO — then the most important part of the budget needs to be the wealth building cash you set aside in a savings plan and never touch.

Figure out how much money you would have to have in savings to live without working. Divide that dollar amount by the number of weeks until the time you would like to be financially free. Figure out how to make that much more income each week, and your budget is on the correct path to achieving financial freedom.

How badly do you want to be a millionaire in 20 years? Figure out a way to increase the company’s income enough to stash away $961.54 a week in savings for the next 1,040 weeks and you have made it to being a millionaire! The additional interest earnings on top of that will be a a nice add on perk that more than keeps up with the rise in the cost of living every year.

Today, with computers in every organization proper budgeting is accomplished much more efficiently than ever before by using Money Management Software, such as shown in this video. This software can work as a companion to your accounting software for really easy day-to-day operation.

Sandra Simmons, President of Money Management Solutions, Inc. specializes in helping business owners and individuals manage their money to achieve financial freedom. Claim your FREE Debt Reduction Solutions Guide

© 2008 Sandra S. Simmons. All Rights Reserved.

Most people search for the ultimate wealth building system for most of their lives. It may surprise you to know that you own half of it the day you are born.

What half do you own? It’s your ability to make money. No matter what your education level or skill level, you have income earning power. Want to hear the good news about that and how it connects you to the ultimate wealth building system?

It’s not how much you make; it’s what you do with it that determines your financial condition.

The second half of the ultimate wealth building system is what you do with the money that you earn. There is a system of controlling the flow of money to create wealth. Very rich people know this money management system.

It works whether you are an employee who works for someone else and you are using the system to control the flow of your personal income, or if you are a business owner using the system to control the flow of the company’s income. It is an amazingly simple system, and it’s now even more simple using the money management software tool called Money Management Solutions Business Edition.

1) SPEND LESS THAN YOU MAKE – Cut your expenses back to operate within your income. This may seem difficult, but building a budget that includes everything you need to run your business is simple with the right money management software.

 If you know exactly how much you are spending to run the business, and where the money is going, you can identify areas of waste or even areas where more needs to be spent to get the income up and increase profitability. In my experience, before using the Money Management Solutions software, my clients UNDERestimated what they needed to run their business by 10 – 13%. A critical mistake when you are aiming for an income target that is too low!

2) PUT 10% OF YOUR INCOME AWAY IN SAVINGS and don’t ever spend it. Set aside regular amounts of cash from your income for the future – always pay yourself first and put the money in savings toward gaining financial freedom.

 Most business owners pay themselves a salary for their job production inside the business, but the fail to pay themselves for the hat they wear carrying the full responsibility of being the owner and taking all the risk. The ultimate wealth building system requires a minimum of 10% of income into savings out of every dime you earn. The Money Management Solutions software system shows you an easy way to pay yourself this extra amount each week, and more besides. Then you just sock it away and forget you even have it. As it builds up, move it to places that earn better interest than the bank savings accounts. This includes buying houses and commercial buildings you can rent out to make more money.

3) DO NOT BUY ON CREDIT – pay cash instead. Debt is a disease that you should avoid contracting. If you already have some credit debt, this money management software shows you how to get it paid off fast.

If you need to buy something that is expensive, the money management system shows you how to put money away towards the purchase every week until you have the cash. For large purchases like furniture and equipment, buy used instead of brand new. Remember, those items lose value from the moment you buy them.

4) FIND WAYS TO MAKE MORE MONEY – the cost of doing business goes up about 4.5% every year, so you need to make more money just to keep up. How much more do you need? The money management system helps you figure that out and make adjustments so you always have the current figures.

Look over your line of products and services and figure out how to sell more of the profitable items. Be willing to discontinue items that are not bringing in enough profit for the time, effort and cost to sell them. The secret to making more money is pretty simple if you put your attention on it. The ultimate wealth building system helps you look at every financial decision you make with an eye on the return on investment you will get for the money you spend.

5) USE YOUR MONEY TO INCREASE YOUR INCOME – After paying your ultimate wealth building system the 10% into savings and paying your bills, use any money left over in ways that increase your ability to produce more income.

Why is controlling the flow of money so important? It is the energy and life blood of a business. It is necessary to pump it through the income producing areas first to keep it running well. Everything runs smoother when cash is available. The Money Management Solutions software guides you towards making the best possible decisions of how to use your money to make more money.

Seems simple, right? And it is simple. The ultimate wealth building system is easily learned, and the money management software can be used just an hour each week to help you gain your financial freedom. It does, however, take personal discipline and commitment to achieve the goal of financial independence so you never have to worry about money again.

The really great news is that you have control over this system. Done correctly and consistently, the end result is always having lots of cash on hand, all bills paid, and plenty of money in reserves to finance what you really want to do with your money; not just pay bills. How well you control the flow of your money will determine how well your company or family will survive now and into the future. Correctly applying these five steps will make this wealth building system work for you.

Sandra Simmons, President of Money Management Solutions has years of experience helping business owners and individuals manage their money to achieve financial freedom. To learn more, Claim your FREE Debt Reduction Solutions Guide

© 2007 Sandra S. Simmons. All Rights Reserved.