Is the Impossible Really Impossible or Do We Just Think It Is?

[goldenralily]

Ever heard of the Pareto principle? It is also Spiritual Laws of Money Review  known as the 80/20 rule which states that 20% of the population will own 80% of the population's wealth. Sounds unbelievable? You bet it is! That's what I first thought when i heard of this principle. To me, it sounded like a bunch of baloney! But then I took a step back to think, and here's what I've come up with.

You do your best to learn everything you can and get clients as quickly as possible to keep up with all of the mounting expenses. By all of your best estimates, you are doing fairly well. You are signing new clients, becoming better at your trade and learning more and more about how to run a business. But despite your best efforts, you just can't keep up with all of the expenses. And by the end of year one you have amounted several thousand dollars in debt. By the end of year two, you have even more.

The thing that is most frustrating is that you love what you are doing and your business is growing. It's just not growing fast enough to be able to live well, pay your business expenses and pay off your debt. If this is your story - know that you aren't alone. And more importantly, you didn't do anything wrong! Here's a statistic you should know: most brick and mortar businesses take between 3-5 years to break even (think restaurants, stores, product lines).

Please read that line more than once. I don't share it with you to scare you. Nor does it have to be true for your business. In fact most service oriented businesses break even much faster due to the lack of fixed and other large expenses (no buildings, factories, products, or large teams)
I share the statistic above with you to add a dose of reality to a marketplace that is full of "you'll be rich tomorrow" promises. I also share it with you to let you know that credit card debt shouldn't be a source of shame.

https://salutemreviews.com/spiritual-laws-of-money-review/