Strategies for Success


Holy Shenanigans! More STUFF?

Loosing one's business due to lack of personal control is a sad thing. I've watched many people do just exactly that. Recently, a friend told me that her only money is in her business account and she's been using it rather freely. The business is losing money. It's going under, because it can't support itself. She has another income, but she's not living within her means.

So, what is she buying with 'her money'? Frivolities, unnecessary trivialities, and 'bargains'. She and I have discussed the 'bargains' she buys. She's got more STUFF than any ten people NEED, and she still buys because it makes her 'feel good'. The fact of the matter is, she owns a big old building completely full of 'STUFF' she refuses to 'sell' because it's got personal value, and it's important to her, but the roof is falling in on the building, pigeons are in the building pooping on all of her prized possessions, so she buys more 'STUFF' to solve the problem. Ten dollar swimming pools to keep the rain from dripping onto her antique furniture and collectibles, plastic to cover them. Meanwhile the mice are eating through the upholstery and gnawing through the antique woods.

The reason she does this ? is it provides her with emotional 'security'. As long as she has 'STUFF' she has 'security', she thinks. In the mean while, she's working at a job to support her 'STUFF' habit, and loosing her business, because she's wasting the money from her 'business', instead of using it to build a business that would eventually support her ? if she didn't have all that 'STUFF' draining her income. She doesn't have security; she has 'STUFF' being ruined by the frivolous manner in which she is spending her money.

To say she is eccentric, actually only gives credence to her behavior. The fact of the manner is, she doesn't have the money to be eccentric. She has 'STUFF' which isn't going to get her anywhere, because her 'STUFF' is not appreciating, it's getting ruined. She has friends, but she doesn't listen to them, she has to have her 'STUFF'. I'm actually afraid my friend is going to be a lonely old person taking care of her 'STUFF' because she just can't quite realize that she needs to build relationships with people, and let go of her 'STUFF'.

One time, I even ask her about 'friends' and she responded she doesn't have anyone she can trust. I can understand why. She's worked her entire life to develop a relationship with her 'STUFF'. I consider her a friend, and I have gone the extra mile to make our friendship work. I wonder sometimes at my dedication to the friendship ? because sometimes I feel like I'm working toward a dead end. Particularly when it comes to her business. I worked for nothing at times while I attempted to help her get her business up and running. I felt eventually it would be worth something to her. But, she feels if she buys me 'stuff' she's somehow making it worth my time to help her. Her values are misplaced, and her priorities are dysfunctional.

The saddest thing is, she's filling up her business with her 'STUFF' and when she looses the business, and she will loose her 'STUFF' too. Then what will she do? Her 'STUFF' isn't taken care of, it's just stashed there, taking up space and loosing value.

Every time I see her, I want to scream, "Holy Shenanigans, MORE STUFF!" But, I don't think she would understand the problem ? EVEN then!!!

Copyright (c) 2005 - Jan Verhoeff

Got a problem planning your business expenditures? Personal finance doing you in? Consider a FREE consultation with one of our consultants at eBiz Brand Performance.







Related News



Finance Gets Personal: New Business Course at CW Post Offers ... - C.W. Post Campus

Finance Gets Personal: New Business Course at CW Post Offers ...
C.W. Post Campus, NY -19 hours ago
Personal Finance” (FIN 23-001) is open to all majors with no prerequisite. Classes will be held on Thursdays from 2 to 4:50 pm The first class begins ...

The figures to take you on an economic flight - Best Syndication

Best Syndication

The figures to take you on an economic flight
Best Syndication, CA -10 hours ago
For reasons like these, the concept of personal finance loan was created. These types of options have become very famous with the consumer, ...
Easy Loans: For The Trouble Free Financial AssistanceBest Syndication
Auto Loans Rates: Negotiate Interest Rate SmartlyBest Syndication
all 3 news articles

Six Awful Truths About Personal Finance - TheStreet.com

Six Awful Truths About Personal Finance
TheStreet.com -19 hours ago
With the weakening economy, people find they need to pay closer attention to their personal finances. As they begin to tackle their finances to get them in ...

Personal finance for dummies (only) - FT Alphaville

Personal finance for dummies (only)
FT Alphaville, UK -Aug 18, 2008
Despite our repeated protestations that we don’t cover personal finance here on FT Alphaville, certain felt collars persist in sending us press releases on ...

6 Unpleasant Truths About Personal Finance - The Consumerist

The Consumerist

6 Unpleasant Truths About Personal Finance
The Consumerist, NY -16 hours ago
Jeffrey Strain, the man behind SavingAdvice.com, has put together a list of six "awful truths" about personal finance for TheStreet.com. ...


Personal finance strategies: The need for South African expats to ... - Jerusalem Post

Personal finance strategies: The need for South African expats to ...
Jerusalem Post, Israel -Aug 18, 2008
Philip Braude is an accountant, personal financial planner and licensed investment marketer. He is CEO of Anglo Capital Limited.

UK personal finance literacy worsens - ifaonline.co.uk

UK personal finance literacy worsens
ifaonline.co.uk, UK -2 hours ago
By Sarah Griffiths Despite personal finance issues taking centre stage over the past year, the financial literacy of British adults has declined compared to ...

Personal finance chat with Cheryl Costa - Boston Globe

Personal finance chat with Cheryl Costa
Boston Globe, United States -14 hours ago
Investment adviser Cheryl Costa of Family Financial Architects in Natick answered readers' personal finance questions. Here's a transcript of the discussion ...

uSwitch slams car dealer finance - Motor Trader

Motor Trader

uSwitch slams car dealer finance
Motor Trader, UK -1 hour ago
Simeon Linstead, head of personal finance at uSwitch.com said: “Shopping around for competitive loan before shopping around for the car is essential. ...

Broadlands bucks finance firm trend - TVNZ

Broadlands bucks finance firm trend
TVNZ, New Zealand -45 minutes ago
Broadlands admits it's no high flyer but is proud of its lending record in the risky motor vehicle and personal finance market. When other finance companies ...