Making money - Not running out of it

We need money to survive and everyone in life has to make money. As you know, money can go as quickly as it comes. I do however find it difficult to understand how people could win Millions of Pounds in the Lottery and then be bankrupt in 3 years. I can’t get my head round it - but anyway, here is some advice to help keep the money circulating.

Avoid Lending – This could sound harsh, but in the economic times we live in if you lend to people, even though they are nice, respectful, close friends, colleagues - sometimes they are not always able to pay back. They genuinely want to pay and feel bad about it, but are still bogged down financially and may not be able to pay you at the time promised or sometimes never at all.

Avoid Temptation – Example, banks giving you cards without you having applied for them. Years ago, this happened to me. SKY Mastercard - I had Sky Satellite and they said they were giving all their customers a Credit card – it just arrived in the post £1000 limit. My bank did the same. On both occasions, I looked up with a big smile and said “God is a good God!” but after all the interest and difficulty in making payments, if a card arrives in a similar situation now, I would have to say “Get behind me Satan!”

Giving – Might sound contradicting but giving to those who need. Not so much giving to Countries. Something as simple as giving a friend £10 towards their shopping because they are going through a rough month. It doesn’t always have to be money, it could be of your time to help someone, a gift, a lift in a car, buying someone a coffee. It doesn’t matter how small.

One thing I know for sure in life, is that those who have a generous heart, tend not to run out of money or Help (that could save them a lot of expenses) I’m not saying give with your whole mind centred on receiving back. Give with the intention to give happiness to the receiver and because you are happy to do so. I’m just encouraging you that you will not lose out. It's a lovely feeling to give.

As long as you’re giving, you’ll be receiving and as you receive more, your ability to give more will increase. It’s a natural law in life. (Ps. If you are a Christian – Tithe). Tithing – by, Deborrah K Ogans.

In life, there are Spiritual Laws of Success - one of them is the Law of Giving.

.

Not Gamblng. it’s not a wise idea to Gamble and if you do, don’t gamble with what you can’t afford to lose.

 

Saving - The thing about saving is that, one could save one month and spend it the next month. So it might be a good idea to transfer an amount each month to a separate account and not focus on it at all. Interest could also be earned on it, if it is not withdrawn for a certain period.

I would love to know if you have any point to share with me too, from your life experience.

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Comments 51 comments

dohn121 profile image

dohn121 6 years ago from Hudson Valley, New York

This is exactly what I mentioned/advised in my Viva Las Vegas Vacation hub:

it’s not a wise idea to Gamble and if you do, don’t gamble with what you can’t afford to lose.

It's no coincidence that now, where I live, lottery sales has increased by an astounding 20% and casio gambling is up as well. Over the years, I've been both the borrower (through family) and the lender. You made excellent points here, Lady_E. Thank you.


jdove-miller 6 years ago

Having always been a saver myself, I agree that a separate account, one you don't have easy access to, is a good place to start. All your points are right on the mark.


Nancy's Niche profile image

Nancy's Niche 6 years ago from USA

Great article and may I add:

“I expect to pass though this world but once. Any good therefore that I can do, or any kindness that I can show to my fellow-creature, let me do it now. Let me not defer or neglect it, for I shall not pass this way again.”~~Stephen Grellet

“That best portion of a good man's life, His little, nameless, unremembered acts Of kindness and of love.”~~William Wordsworth


Lady_E profile image

Lady_E 6 years ago from London, UK Author

** Hi Dohn, Viva Las Vegas Hub? I must check that out. 20% rise is a lot - its a quick way of making money but dangerous too. Good to read from you.:)

** Cheers JDove-Miller - I hope it earns you loooots of interest. Regards.:)

** Hi Nancy, hope you are settling into your new Home nicely. Lovely to read from you and from your comment, I have 3 words: Your an Angel.:)


Pete Maida profile image

Pete Maida 6 years ago

Good advice. Those bank cards can be a killer; I avoid them like the plague. Adding the value of giving was really great. It goes to the quality of life.


mpurcell10 profile image

mpurcell10 6 years ago from Arkansas

I have an account with a bank not in this area. Reason being is if it takes a few days for me to get the saving than I may not need it by then thus meaning I did not need it that bad. If I really need it than it will be there but not because I really want something like a sweater.


blondepoet profile image

blondepoet 6 years ago from australia

Wow some great tips here, maybe this will help me save some money this year, cause I need all the help I can get. I have no discipline when it comes to money but I can always learn.


Hello, hello, profile image

Hello, hello, 6 years ago from London, UK

Very good advice and we need them in times like that. Thank you


Lisa  6 years ago

This was a timely hub. Again you have touched on a subject that not only bring revelation but inspiration. Those who give from the heart will always receive back more than they give, and it doesn't stop there,their children and grandchildren will continue to reap the blessings.


H P Roychoudhury profile image

H P Roychoudhury 6 years ago from Guwahati, India

What you said is perfectly alright. It not only expresses your mind set but also it motivates the others. I highly appreciate it and liked it. Thanks for sharing with and educating others.


Jai Warren profile image

Jai Warren 6 years ago from Dallas, Deep Ellum, Texas

It's unbelievable that these celebrities and professional athletes who make millions of dollars all of a sudden are broke or bankrupt. Pure foolishness! Personally, I'm very frugal with money, not much of a choice. My advice, use only cash for purchases. That way you only spend what you have.

Great tips, Lady E. We all need a reminder occasionally.


fishtiger58 profile image

fishtiger58 6 years ago from Momence, Illinois

Great hub Lady E,and as for lending to friends you are so right. The thing about lending to friends is asking for your money back. Makes me so uncomfortable so to avoid this situation I don't lend money to anyone. Thanks for a great read.


hypnodude profile image

hypnodude 6 years ago from Italy

Another good hit Lady. I agree with everyhting but especially with the point of giving. Giving to Countries is worthless, money always stops at the top and never reaches the bottom where those who need it are. Well this happens for a reason though. Giving personally to those who are in need instead really make you feel high in the sky, that's what happens to me every time I make a good action :).

As regards your introduction people who wins the lottery usually are not used to have so much money, this gives so much stress to them that they usually try to finish it as soon as possible to relieve this stress, even if it seems crazy. And also when someone wins immediately all kind of vultures arrive to take some money. This goes back to your lending point. :)


Lady_E profile image

Lady_E 6 years ago from London, UK Author

** Hello Pete, thanks for your comments. The cards taught me a lesson - the hard way. Regards.

** Thanks MPurcell, I like your attitude. Very wise Lady.

** Cheers Blondepoet, Hope you are able to save a lot of dosh.

** Hello hello, hi hi to you. lol. Thanks for your comments. I'm glad you enjoyed reading it.

** Lisa, totally understand you. Deep comments. I wanted to touch on that in the Hub, but wasn't sure people would relate to it. I hear yah. :)

** Hi HP Roy, thanks for your encouraging comments.

** Jai, I admire your discipline and hope you reap the rewards of it. Thanks.

** Hello Fishtiger - thanks for stopping. In such instances because we care for them, there's nothing we can do - except to not lend next time or just give what we can afford to part with. Regards.

** Very interesting points Hypnodude - another point of view on those who win the lottery. Well, if ever you win, being the kind person that I am, I wouldn't want you stressed, so just put me in care of the Millions. lol.

Excellent point about giving to countries - it's a pity it doesn't get to where it should. Thanks.


prettydarkhorse profile image

prettydarkhorse 6 years ago from US

best advice Lady, am not into gambling, You hvae a good heart my friend, I like the idea of saving and keeping money separately, Thank you, Maita


andromida profile image

andromida 6 years ago

Great advice.Bank credit cards are really a kind of trap.Marketing people are so smart in making fool normal people like me that once I wanted to withdraw my fixed deposit and they convinced me not to do it rather advised me to take a loan. I wish I could read this hub 6 month back.Thanks lady-E for all the great tips.


bgigstead profile image

bgigstead 6 years ago

Great advice. I once lent a friend $20,000, they still owe me $5000 and they are no where to be found. No calls, notes, emails nothing, and this was a friend I knew for 20 years.


Philipo profile image

Philipo 6 years ago from Nigeria

This is a timely hub. The advice is such that no man can ignore them. Some of us have fallen victims of them unknowingly. Saving is not easy either. Thanks for sharing.


Lady_E profile image

Lady_E 6 years ago from London, UK Author

** Hello Pretty Maita, thanks for your lovely comments. :)

** Hi Andromida, I agree, bankcards are a trap, but at they time they are coated with so much honey. lol Thanks for stopping. :)

** So sorry to hear that Gbigstead. You are a very generous lender. That's a lot to lend. You never know, they might contact you out of the blue and give you back the rest - with interest I hope. Thanks for stopping. :)

** True Philipo - It's not easy saving. Coming from our background. You save and then get a call that so so and so has got admission into Uni can you help. (Hmmm Bruv, you know what I mean. lol). Nice to read from you.


Anti-Valentine profile image

Anti-Valentine 6 years ago from My lair

Weird. This reminds me of a hub that I wrote a while back. ;)


Nicks 6 years ago

Certainly, your advice about not using credit cards is well worth emphasising. I have a horrible feeling that their general appearance (in the nineteen seventies?) probably changed the whole way that people looked at money. Suddenly, 'borrowing' had been made 'clean' and 'acceptable'. The logical end results are with us now. Does anyone agree?


emievil profile image

emievil 6 years ago from Philippines

Hey Lady_E, avoid lending huh? My people will not like that LOL. One disadvantage of being the employer is that you're like a lending / bank to your people. When they need money, you're the first one they will run to. For 2010, my husband and I resolved to set aside a 'fund' for lending. Once the amount of the 'fund' is reached, all lending stops until it is fully replenished again. How's that? :)


Lady_E profile image

Lady_E 6 years ago from London, UK Author

** Hello Anti-Valentine, thanks for stopping. Feel free to post the link and I can even insert it in mine for people to have something extra to read.

** Totally agree with you Nicks. Nice to hear from you again.

** Hello Emievil. Wow, that's a very nice, considerate thing to do. Your employees are lucky. Wishing you a successful year in business. Nice to read from you.


gyangroup profile image

gyangroup 6 years ago

I love it Lady_E!


Karina S. profile image

Karina S. 6 years ago from USA

Great hub, good advice. I agree with you, say no to gambling and to credit card spending. Both are nothing , but trouble. Thanks, Lady E.


Lady_E profile image

Lady_E 6 years ago from London, UK Author

** Thanks for your comments Gyan. Glad you do. :)

** Hi Karina, lol. Thanks for stopping. :)


midnightbliss profile image

midnightbliss 6 years ago from Hermosa Beach

great points. I actually have two bank accounts, one for unexpected expenses and the other one is for my savings, that as much as possible i try not to withdraw from it.

its ok to lend money only to people who promptly pays on time.


Lady_E profile image

Lady_E 6 years ago from London, UK Author

Hi Midnightbliss

You are a very wise lady. Nice to read from you.


Lady_E profile image

Lady_E 6 years ago from London, UK Author

Hi Midnightbliss

You are a very wise lady. Nice to read from you.


Anamika S profile image

Anamika S 6 years ago from Mumbai - Maharashtra, India

Right Advice Elena. I too believe in this.I Neither wnt to be be a lender nor a borrower. Also i want to keep away from temptations like credit cards.


Lady_E profile image

Lady_E 6 years ago from London, UK Author

Cheers Anamika

Nice to read from you again. Ref: Credit cards, I should have included in the Hub that you can get pre-paid ones these day. Best Wishes.


BeiYin profile image

BeiYin 6 years ago from Ibiza Spain

Just a moment ago I looked through more than one hundred hubs to find something interesting to maybe make a comment. I started and went on and on and all the hubs had to do with money. How to make money, how to make more money and how to make even more money with hubs about making money.

People are caught in the trap of this society where the belief is installed that money is the most important to survive and so making every body to slaves of the system! It is possible to get out of it!

I have written a testimonial about it, read my hub at:

http://hubpages.com/health/Living-without-doing-an...


Val 6 years ago

In response to saving, the uk GOVERNMENT is helping people on low incomes a savings incentive. I've put up a hub about it - http://hubpages.com/money/Saving-on-a-low-income-U... here.

Hope it helps some people.


Lady_E profile image

Lady_E 6 years ago from London, UK Author

Thats true Val. Here in the UK, the government help people a lot. Child benefit, family credit allowance etc. Thanks


antonrosa profile image

antonrosa 6 years ago from USA

Very true and good stuff here. Thanks for spreading the word!


eve 6 years ago

This is an article that interested me most.

Thank you for your good article.

I will be reading often.


Hubs Directory profile image

Hubs Directory 6 years ago

Great hub! I totally agree with you on the giving part...

~David


Lady_E profile image

Lady_E 6 years ago from London, UK Author

** Cheers Antonrosa.

** Thanks Eve, Regards.

** Cheers Hubs. Nice to read from you.


ManoNera profile image

ManoNera 6 years ago from DK

I was gambler but not anymoore!!!Gambling kills you economicly!!


Lady_E profile image

Lady_E 6 years ago from London, UK Author

That's nice to know ManoNera. It can be addictive. Thanks for your comments. :)


HubDave profile image

HubDave 6 years ago from My

You are correct.. Giving creates a vacuum that the Universe can fill. =)


Lady_E profile image

Lady_E 6 years ago from London, UK Author

Cheers HubDave. I like the way you see giving. :)


hubpageswriter 6 years ago

Saving up the most basic and safest way ever. I like the idea of saving up in a separate account, it really adds up with time.


Lady_E profile image

Lady_E 6 years ago from London, UK Author

It does add up Huubpages Writer. However, one has to be disciplined not to touch it for a while.

Best Wishes.


drpastorcarlotta profile image

drpastorcarlotta 6 years ago from BREAKOUT MINISTRIES, INC. KC

Wonderful tips Lady_E, saving change is good too. I have saved up alot of money by saving my change!


Lady_E profile image

Lady_E 6 years ago from London, UK Author

That's a good thing, DrPastorCarolotta - it adds up to a lot by the end of the year. God Bless. :)


Joseph 4 years ago

I think you did a great job here. Saving is one of the hardest things to do especially when on a fixed income like most of us are these days. i am letting everyone know that it doesn't have to be this way and the road to financial freedom is truly right in front of you. Go to my blog to learn how this is possible

http://EMPNET.affiliate-site-reviews.net


Lady_E profile image

Lady_E 4 years ago from London, UK Author

Thanks so much Joseph.

I hope to visit your website.


Jamie 4 years ago

Lots of useful information on the few paragraphs.

but I disagree with your comment of "its not wise to gamble"

If you dont gamble. you don't succeed.

Risk taking is a key point to making money

and also can be very enjoyable.

P.S I am not talking about throwing £5 on a greyhound race!


Lady_E profile image

Lady_E 4 years ago from London, UK Author

Hi Jamie

I see your point. Actually I've just remembered someone confronting Lord Alan Sugar on "the Apprentice" a week ago, reminding him that he was so successful due to taking risks. (gambling with his business).

Anyway.... I was referring to gambling with games...and if people do, they should not gamble more than they can lose.

Glad you stopped by. Good point.


Lady_E profile image

Lady_E 4 years ago from London, UK Author

Hi Jamie

I see your point. Actually I've just remembered someone confronting Lord Alan Sugar on the Apprentice a week ago, reminding him that he was so successful due to taking risks. (gambling with his business).

Anyway.... I was referring to gambling with games...and if people do, they should not gamble more than the can lose.

Glad you stopped by.

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