Finance & Budgeting Home-based Businesses Self Improvement

Home-Based Businesses Are For Everyone

You are the steward of the life God gave you. You need to work hard to identify what expenses you have and what you have coming in. Categorize it into categories – current monthly bills you need to pay to keep a roof over your head, food in your stomach, clothing on your back, and heat to keep warm. Next your true bills and these are all the other bills you pay either monthly, annually or one-time. Lastly you add in all your debt smallest to the largest balance owed. Once you get those all together, put Tithing at the very top over it all, followed by YOU!

Reality is not always as we think it should be                                                                                                                  

You can retire on and collect a pension the rest of your life. If that is all you have, you will struggle for the remainder of your life. You need to have a home business to supplement your income. Listen to this video and your will understand the secret to success. Dr. Lynn Richardson understands from her personal experience just as I have, and we are continually working on our financial education to get better.

You need to make YOURSELF a home-based business                                                                                       

Small businesses are the essence of rebuilding the economy. Home-based business are small businesses that anyone can get involved in – there is not age limit, it’s not sexist, and it does not discriminate. One thing I have come to realize during this pandemic is how we need to learn to get better at managing our finances no matter how old we are. Sole proprietors, independent contractors, freelancers make perfect home-based businesses that everyone can do who want to learn and follow the rules from document everything. Bet you didn’t know that you can get back all their money you put out just by being a home-based business.

Ask yourself the question, and give it purpose

What do I do? I am a financial consultant, doing business as Wise Budgeting with Donna, to help you take better control of your personal finances and help you to take control to make every dollar work for you. When you subscribe to my website here, you support my endeavors and are willing to be coached to learn more about your money and spending habits. This is a great time to help you learn to move forward in this pandemic that will help you do better when we go back to our new normal normalcy.

Now it’s your turn…

Now go watch the video here. Subscribe to Wise Budgeting with Donna, and be willing to learn from the best – we will have classes here eventually, but for now why not check out all Dr. Lynn Richardson’s classes and resources at –

6 replies on “Home-Based Businesses Are For Everyone”

Really like your website I also admire to be an entrepreneur, have you heard about Robert Kiyosaki? he was the person who introduced me to the business world. I would suggest that you read his book.  Here is a question I have what is the best way to get rid of debt? What is the best home-based business a person of 16 years of age can perform?

Yes Surya, I have heard of Robert Kiyosaki.  In fact somewhere around I have his book, “Rich Dad/Poor Dad”, excellent book!    You posed to excellent questions, which are most likely on many peoples minds today and I hope to address them in more detail in the upcoming weeks.

However, to summarize the best way to get rid of debt (which can take years of time and patience) as you just have to stick to  it – you need to understand and write down ALL the bills you are paying and then classify them into three categories – (1) Current bills,  (2) True bills and (3) Debt.  Current is everything you MUST pay to live every day to ensure you have the basic essentials of life covered.  True bills are all other bills you pay in a month or over the cours of the year.  Then there is debt, and I dont think I need to exolain what that is.  Go back and add “tithing” to the very top of this list with “Personal Pay” under it.  You should allocate 10% of your earnings here; but if you cant just allocate what you can until you can.

Next you want to stat a personal savings account that is JUST YOURS and start allocated money to it every month that you DO NOT TOUCH – this is your emergency savings. If you have to borrow from YOU, you MUST pay it back the next month or two.   Then work your way down to fill in the budget numbers starting with current and working through true expenses and ending at debt – which should be in least to most order.  Pay all minimums at the very least by their due date to keep from going into default, any extra goes to the first on the list until that is paid off.  DO NOT CARRY ANY CARDS with you from here on out, use cash.

This is the short and sweet of what has worked for me and continues to each and every month. As for a home business a person over 16 can do,  it should be something that you enjoy and are w9lling to offer to others. If you like to bake cookies say, you could  you might pick your favorite and offer bag them up to put in the corner store. Perhaps a pack of 10 homemade molasses cookies for $5.00.  Decide to offer the store 40% for working iwth you and kep 60%.   Keep accurate records and put all your 60% into the bank.   Or take photographs if that is your thing, and create postcards or greeting cards to cell, the list is endless – but start with something that you are passionate about.

I hope this has proved helpful!  Good luck and stay safe!

I know that finding a good article does not come by so easily so i must commend your effort in creating such a beautiful website and writing an article to help others with useful information like this.Running a business out of the home offers a number of advantages, including time savings, control over working hours and conditions, independence, and flexibility. Starting a home-based business is also considerably cheaper than starting a business in rented facilities.

I agree, and besides any side business one does from home is usually out of a passion one has in life that they want to share with others.   If it helps just one person, I feel it is all worth it.

I must say that a lot of persons I have little or no idea of what a budget truly is,A budget is a financial plan for a defined period, often one year.It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.this will help you make a comprehensive business plan and as well as hoping you apportion your expenses on the right path..with a good budgeting any business is plan and we don’t need to see it either in the short or the long run…

thanks for sharing

That is quite true of business finance, but I am talking about personal finance and the side hustles we take on to help support our lifestyles to balance our budgets. Those are our side attempts in pursuit of income thorugh which we can justify alot of our expenses as tax deductions to help take the edge of our budgets.  I am always open to knew ways to enhance our household budgets that are legal and acceptable.  

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