Get Sufficient Income - concept #8

If you don't have sufficient income, it's worse than having irregular income. So, make certain that your employment, small business activities or investments will provide you with enough money to do the things you need and want to do, and provide you with sufficient cushion for the unexpected.

Having almost enough money to meet your needs is still inadequate and troublesome, no matter how close it comes.

Money is like rain. A little sprinkle is encouraging, but not much help. An inch or more is sufficient, if you get it regularly. A downpour can often be wasted if you aren't prepared to catch it for use later on.

Remember, money provides you with options. More money will of course provide you with additional and expanded options, so you want to make certain that you are earning sufficient income since you'll want to enjoy a continuous flow of options throughout your life.

If you recall the issue of wealth accumulation in money management, you'll remember that wealth accumulates much faster when you couple higher savings with higher earnings. That's because the higher earnings allow you to put more money into savings and still feel comfortable about it.

I've known individuals that have been "under-employed" for many years, and not by choice, yet they continue on that way year after year. These folks just don't understand the money game all that well. The idea is to play the game, not be played by it.

If you find yourself with income that isn't sufficient, then you'll need to do something about it so you can get back in the game with the rest of the folks that are playing with adequate sources of income. You can't expect to play Monopoly for very long if your only income is the $200 you get from passing go.

Eventually, the rest of the players will bump you out of the game with the "rent" on their properties. Remember, money gives you options, so don't paint yourself in the corner with limited income. That's the equivalent of being "benched" in the money game.

Done with Sufficient Income, back to The Money Game

There certainly is a broad scope of topics here at Frugal Living Freedom. When you think about it, money permeates so very many activities in our lives, therefore, being frugal encompasses a wide range of interests, from being employed to taking a vacation, and just about everything in between. Enjoy the variety, pick up some new ideas, and start making frugality a part of your signature.

I'm a big proponent of being debt-free, and I mean entirely debt-free - no mortgage payment. It's not essential for financial freedom, but you'll love the feeling once you get there. If you didn't have a rent or mortgage payment, how much more could you do for yourself with your current level of income? I suspect plenty.

If you ever hope to see an abundance of wealth, you need to plug the hole in your boat. The wealthy don't necessarily make lots of money, instead, they know how to hang onto what they make, and make it work for them.