Today's Scripture: "A man devoid of understanding shakes hands in a pledge, and becomes surety for his friend." Pr. 17:18
5541. Promises are seldom consolation when made hastily. JG
The good thing about annual contracts is that a lot of money is received and available before you need it. The bad thing about that is the tendency to spend it, sometimes in lump sum. Not that there is anything wrong with that, but two things happen. First, you become dependent on someone else paying you in order to cover expense of other contracts. Secondly, you put customers in harm's way should something happen to you and you can't do what you promised to do. More than one of these never-ending spirals found me and I wound up closing successful businesses in order to stop the bleeding. It's called cash management and not only determines the pulse of business but home budgets as well.
A close friend of mine seemingly perfected the art of finding what you need when you don't have the means. "Float" was the term he used for writing a check on one bank and expecting to cover it before the end of the next business day with a check from another. He had at least two banks in that process when his methodology caught up with him. Then he added cashing checks from a grocery store in the loop to squeeze one more day into his cycle of madness. Thankfully, we finally shut down the source of our joint misery and my friend got a real job with a real future. He set a budget, paid back what he owed, avoided jail and has proven that he learned his lesson (I think). Survival and creativity is no doubt the way most of us live when it comes to money.
Nothing is as peaceful as living within the boundary you've established for me, God.
1. One-minute Devotionals began on January 2, 2006 and are the original creation of James R. Green, Prayertower Webservant Content is derived from his alternating and sequential survey of both the Old and New Testament to offer insight
2. Resources are derived from daily devotions of James R. Green called, Just Thinkin'... (2000-2003), Read the Bible Thru in 365 Days (2004), Pray Thru the Word in 365 Days (2005) and One Minute Devotional (2006-2017)
3. Scripture taken from the New King James Version. Copyright (c)1982 by Thomas Nelson, Inc. Used by Permission. All Rights Reserved.
4. Jimisms and corresponding social media pins are an original work of James R. Green and are marked with a "JG" implying personal ownership. Used by Permission. All Rights Reserved.
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