Ahhhhhh. That’s the sound of me exhaling as I wake up to a nice balance in my bank account thanks to the direct deposit of our tax refund. Too many mornings I’ve had a balance that’s taken my breath away for the wrong reasons. It’s been a stressful time as I pray for dollars to stretch farther than they’re supposed to go, but I had faith it would all work out.
I made a decision about a month ago to stop paying my bills. (WHAT?) Yes, you read that right. Anything that would not send me into collections for a single missed payment, I allowed to slip by and rack up a couple late fees. It’s a crazy idea that would make my mom give me “the look”, but it worked.
My wife’s business inventory had been running low and a vicious circle began. Low inventory = low sales. Low sales = low income. Low income = not being able to order more inventory = lower inventory = lower sales = lower income = you get the picture. I could see where this train was going and I needed to get off. What money we had coming in went straight to bills and groceries. There really wasn’t anything left for inventory SO, I redirected the funds.
I put our bill money into inventory and, well, the circle started working in the opposite direction. More inventory = more sales and so on. We quickly sold enough to pay bills, but I decided we needed to keep the momentum going so, for the entire month, all money that came in went right back into inventory. The result: over 175 items added to the inventory when last month there was only about 30. Sales will meet, if not go over what we should expect with what we have — which means next month will be even bigger.
There are 2 lessons here. (Probably some others about being irresponsible too, but this is my blog and not my mom’s)
- If something’s broke… do whatever it takes to fix it. Don’t continue to do the same thing and “hope” for a different outcome. If you have no other choice, give crazy a try IF you know there’s a solid chance it will work. I knew more inventory would = more income so it was a low risk gamble.
- Money may not buy happiness, but it sure helps with security. The simple act of NOT having to think about money 85 times throughout the day has removed my shoulders from my ears. I don’t need money to buy a lot of things, but I do need it to cover the basics. The less I have to worry about keeping the lights on, the more energy and attention I have to give to every other area of my life.