by President Thomas S. Monson
I loved the quote President Thomas S. Monson shared about luxuries and necessities. He said, "Avoid the philosophy and excuse that yesterday’s luxuries have become today’s necessities. They aren’t necessities unless we ourselves make them such." This is so prevalent in our culture. Look at cars, and phones. years ago, only people that were really well off had these luxuries, now everyone and their dog has them. One of the greatest things to learn, is to learn to do with less. Living within our means is key to financial success. I think that applies to businesses as well. We should not go in to extreme debt to finance a giant business we are launching. If we are launching a giant business, we may want to get venture capitalists, or partners that have more means at their disposal. If we are insistent on starting our own business, and owning 100% of it, I feel like it is wise to stay within our means, maybe that means you run it out of your basement until you have enough income to rent a building. Bootstraping has proven to make business more efficient at managing available resources.
I also loved President Thomas s. Monson's call to action when he said "We cannot afford to be complacent." It is so true that we always need to be on our guard. The media around us is always influencing us, independent on weather we want it to or not. If we do not want to have thoughts about drugs, and alcohol cross our mind, we should not be listening to songs about it, or watch television shows where that is prevalent.
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