Thursday, October 11, 2007

It's not what you make...it's what you keep

I was in direct sales for nearly 10 years. I sold Longaberger products. It's interesting because I never considered myself a "basket" person, but many years ago a good friend starting selling the products to earn extra money and asked me to do a show for her, so I did. Anyway, when I first saw the baskets, I thought they were absolutey beautiful. They were (and still are) so well made. They're made in the USA, which kind of gives me a feeling of pride. I think I bought 10 baskets at that show I hosted for my friend, and I was very proud. If you know anything about the product, you know it is very, very expensive.

I enjoyed selling the baskets. I sold lots of them over the years. I was a top seller, so I earned many of them for free. I was an independent contractor, which meant I was self employed. That's something that I have learned to appreciate since I've become an employee once again. One of my goals is to be self-employed again.

Although I was considered a business owner. I wasn't really a "business" owner. I was a successful consultant. My sales exceeded $100,000. My business made money, but nearly every dollar I made I bought more product rather than setting a percentage aside for savings, investments, and the extremely important emergency fund. I remember the region advisor telling us at a meeting that she knew of a consultant who sold her samples when the promotions were over and kept the money. At the time I thought, "Why would anyone do that?"

Well, one night I was on my way to do a show. I was listening to Suze Orman on my way. She talked about looking around my home to find wealth. And then it hit me. The baskets!!!!! There's my wealth. So I started selling them. I held open houses. I listed them on e-bay. I would have them filled and donated them to charitable organizations. I truly believe that I made tens of thousands of dollars selling off my collection. But where is the money? What did I do with the money? Did I keep the money? I don't have the money. I spent it. With the exception of the last $1,000, I have no idea what I purchased with that money.

I was making money, but I wasn't keeping it.

1 comments:

Melissa said...

You are right. Sometimes the extra money we save "disappears" and it never gets used to reach our goals.

When we start selling some things before the move we are going to avoid that problem by putting those funds into a saving account for the new home. That way our earnings will be going towards a specific goal.