Stop and imagine just for one moment. You have worked hard this last month, you woke up early to do the morning commute for one or two hours in to work. You have dealt with the insatiable demands of your manager and the incessant questions from subordinates, or the queries arising from curious and unappreciative customers.
It’s lunch time and you take a quick peek at your email and it is that time of the month – bills coming in. Not bad, tomorrow is payday! But, the wages fail to hit YOUR bank. Some problem with payroll and they don’t see a solution in sight but they have assured to give you an IOU for some amount of money that does not meet your need. When the problem is resolved, the balance due will be paid with next month’s wages.
Just one month wages messed up through no fault of yours and your total financial system is ruined temporarily. We have been conditioned to live from one pay check to the other with slim chances of breaking free, one month’s paycheck can be the beginning of a poverty cycle.
It is not the payroll next time, it is ill health. You or any member of the family can fall ill anytime without notice, requiring your attention and time away from work. Unplanned time. One month or one week.
How many weeks can you afford without pay with no effect on your lifestyle or set you back into a poverty trap? Do the math. After all, #YHTK.
Save! Invest! Plan! Multiple streams of income! Network! Build! Trade! Sell! Leverage! Skills! Character! Attitude!