Nessa's Notes

I missed a few days in the 30 days of blogging , but the nice thing about this project is that it's so easy to jump back in. :) Prompt 20 is to share a childhood memory. When thinking about what would make a good recollection to share here, I reminded myself that the topic of this blog is wealth creation. That led to thoughts of Carolina Florist, the business my grandparents owned. "The Shop" as we called it was one of my favorite places to be and there are so many fond memories to recall. Grandpa's whispery whistle as he worked, creating his beautiful arrangements Grandma V teaching me how to update customer files when payments came in Watering and dusting the potted plants and "dish gardens" kept in the window displays Making endless boquets and corsages for Mother's day, and hundreds of palm crosses for Easter The elation when after countless tries, I finally learned to make a bow-ribbon pompom It was a good place and a good way to learn about busines...

We're now one third of the way through the 30 days of blogging . This has been such a great experience for me that I'm already thinking about 'what happens next'. I'm wondering what I'll do after the thirty days are over. Today's topic is to remember a dream and talk about it's significance. One thing I've always had is a rich dream life - both awake and asleep. Here is one: I dream about collective as well as individual wealth, which is the main reason for this blog. I don't mean wealth as in a gazillion dollars; that type is illusory at best and when gained suddenly usually doesn't last. Although a certain variable amount of transferable currency is necessary that doesn't always have to mean money. I've written about this in this blog and elsewhere but for now suffice it to say that the wealth I dream about means everyone has enough, and just a little more to share with others. In this ideal (dream) world many of our societal ills w...

Yep, I missed another day but that's OK. Participating in the 30 days of blogging has been a wonderful boost - to my blog, my habits and my perceptions of why and what I want to accomplish. #7 is to Ask A Question . Being told to ask a question naturally makes you wonder what it is that you want or need to know. So, remembering my purpose for this blog and thinking about the assignment, here's my question: How do you define wealth, and does that definition sometimes seem to contradict itself? For example, everyone has heard the adage "don't put all your eggs in one basket", and most business "coaches" and internet "gurus" talk about multiple streams of income. One of the more popular pieces of advice is to create and sell e-books based on your main business offering, articles and other content. I think this is a great idea and I'm working on several of my own . But the how and why matters fully as much as the what. Do you think it's rig...

The answer to this question is the third concept to understand. No matter what the income source is, all money is made by selling something. This is true even with investments. You buy stock and wait for the price to increase. Or you buy a house and make improvements to increase its value. This is also true of income from a job. You are selling the company your time and skills. When you make deposits to a savings account you are selling the use of your money and are paid interest. Even non-profit organizations and charities must sell. They sell the idea of helping others to the people and companies who contribute to their cause. Think of yourself and your financial goals like a business. Businesses do not make any money until they make a sale. And their sales (income) must be greater than their expenses in order to make a profit (wealth). It is the same for you. To increase your wealth, you must find ways to decrease expenses, increase income or, the best solution - do both! This post ...

There are two kinds of savings. The first involves accumulating money and storing it - setting it aside to allow it to grow in value. This is what you are doing when you make regular deposits into a savings or money market account or when you buy and hold savings bonds. The importance of saving cannot be stressed too much. It is critical that you develop the habit of saving regularly if you are going to improve your financial situation. "Pay yourself first." This means setting aside a regular amount out of every paycheck before you pay any other bills. Now obviously this is difficult to do if you are struggling every month just to pay your regular household bills. But with planning, discipline and some extra effort, it is possible. You may have to begin with a smaller percentage, or you may have to start with every other check. You can even start with $10 (or $5 or even $1 and the change in your pocket) in a jar or envelope. Label it with a goal or dream that you'd like t...

Sometimes a change is necessary. It's ok to change your mind when you find that your original plan isn't working right. It's ok to change when you learn something new. So, I'm changing the focus of this blog. Obviously, it's been a while since I posted because what I thought I wanted to do wasn't really what I needed to do. With that in mind I've decided to give it another shot. I'll talk about what's really important (to me anyway). I'll try to provide helpful and/or entertaining information. And I'll let you get to know me with the hope that I can learn about you. After all, learning is the most important thing any of us ever do. When we stop learning and growing, we begin to die. This will still be about business because that's one of my passions. And it will most definitely still be about wealth creation, because that's something everybody needs. No, I'm not just talking about making loads of money - although of course that is...