Roger Pearson | jlsegul
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man. --George Bernard Shaw
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Economic Lies & Misconceptions

Jul 3rd 2010 at 8:08 AM

A great many people forget  to remember is that as a small business person, your business finances will only be as good as your own personal finances. Even through your keep use different accounts to keep the money separate, your personal life and your business life are intertwined. An economic downturn in your business will affect how much food you can put on the table and an unexpected personal emergency is going to affect how you run your business to compensate for it.

Therefore, if you want all that hard work of building a business to truly bring you the security, happiness and future that you desire; then you must penetrate the lies that have had drilled into our brains for years and address your money habits in both your personal and business.

For decades the financial establishment has been feeding us lies and misconceptions so that we don’t think twice about paying them billions of dollars for instant gratification. The truly rich people in this world recognize the lies told to us and become financially secure.  But even people who make (or win) a great deal of money can quickly lose it all unless they understand how we are being brainwashed.   

As a small business person, your personal financial strength will affect your business financial strength and vice versa.  If you are still in the exploratory phase and have not yet started your business, get your personal financial house in order first, and learn the real truths about the financial establishments (unless you need to create some money to live on, quick).

Roger Pearson
Headmaster
The FireStar Institute

1 comments
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Jul 13th 2010 at 1:04 AM by fredds
Great article. I particularly liked this part "As a small business person, your business finances will only be as good as your own personal finances........ The truly rich people in this world recognize the lies told to us and become financially secure."
   

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