If you have a line of business - I know this as a CEO - or if you have a teenager - I know this as a parent - who have a spending problem, what do you do? You quit giving them money.
Sentiment: NEGATIVE
Some things I won't do for any amount of money. Like for instance, there's a couple of CEOs of very large corporations that offered me lots of money to do special pictures for them. And I just refused to do that. Even if it was a million dollars I wouldn't do it.
Families out there know that if they get in trouble and they've spent up a bunch of money and they've borrowed and they are up to hock to their necks, the thing they've got to do is start paying off what they owe and cut back their spending.
Stop spending money you don't have.
The best money advice ever given me was from my father. When I was a little girl, he told me, 'Don't spend anything unless you have to.'
Manage your spending by creating and sticking to a budget.
If you are spending too much, you cut back on spending and you raise your revenues. And that's it.
Keep working and saving and striving for a better future for your children, and for their children, even if you won't be around to see it pay off.
The best thing we can do to help small-business owners succeed is cut spending.
It's like you work with people, and based on the size of the budget, you sometimes can't pay them what they deserve.
When you've got the money, you spend it. When you've spent it all, let someone else get going and spend theirs.