11 ideas. So this is part one of our four parts of tips and strategies to get you through COVID-19. So do get a pen and paper handy. At the end, you can download all of these ideas and just see if any of them do resonate with you. So number one, cancel subscriptions, ask that one. any unnecessary spending habits that you’ve picked up over the years, now really is the time to stop them. And all of these ideas can be applied, whether it’s to your business or to you as a personal individual. But look at your services and subscriptions and ask yourself honestly, do you really need it? Is it necessary? The way to do this, get your bank statement and go back three months, I’d say three months because some subscriptions or quarterly, you might you might miss one or two. So have a look and see, is there anything that you’re paying for that you’re not going to use? A lot of people had gym memberships, they stopped, a lot of people maybe had more than one subscription. So you might have had, say, a Netflix subscription, as well as a an Amazon Video subscription as well as a sky school subscription, as well as now TV, whatever, you know, all these different media platforms, if you’ve got to have one, have one, but it’s time really to cut back. And what you need to do is you go through your bank statement circled the costs that are unnecessary and cancel them. Now some of these things can be done online. Some of them make it almost like Mission Impossible, we’ve got a look for the big way you can go and cancel it send you hear it send it there Are you sure some things can be so difficult to get out of and then they want you to phone them Virgin Media, for example, or prime on for that. And then when you phone them up, they put you on to the cancellations team, their job is to get you to stay with them to not cancel, you’ve got to be firm, do not allow yourself to be talked into it. When I had to cancel a subscription, there was a software subscription I was paying 199 pounds a month free, it’s a business cost. I looked at it and I said now it’s got to go. And I contacted them to cancel it and then they will oh there will be you know because of this Coronavirus, this COVID what we can do is we can just charge you 50% and then you can catch up later on we will put in a payment plan and you know will give you like I don’t know 12 months to catch up, but are to stand firm and say no canceling. Because I’ll still be those charges will still be mounting up. And it’s not helping me I need to cancel it, I need to get rid of it. So you got to stamp them. Even if they drop the price. Just Stanford, it’s got to go. Number two, revise your budget. Now, I would say to people really important make a list of all the income that you’ve got coming in, list all your expenses. Do it on a monthly basis. Your goal is to make sure that your income is more than your expenses. That’s that’s all you want from your budget, just make sure that your income is more than your expenses. And for a lot of people if they were on furlough, it means their income has dropped by 80. Did you drop to 80% of what it normally is. So therefore, this is why it’s really important just to revise. Okay, so that’s what you’re now going to get. What are your expenses. And luckily, unhappily, a lot of people also found that their expenses had dropped by actually more than 80% because they were had no trouble. They weren’t spending on all the unnecessary, like bad habits, they picked up unnecessary coffees and all of those things. And they were in their house and the shops, a lot of them had clothes, so they couldn’t go shopping for shoes and stuff like that. So they didn’t need anything like that. So they were actually able to manage their expenses right down, which which is really good. And step three is set goals for yourself. So at this point after say play your own game. So for example, if you have lost, let’s say 20% of your income, then you may want to set the goal of how to make that figure back. So you might have said right, income went down by 20%. I need to find a way to generate 20% your goal can be whatever makes sense for you. It could be okay if my money has dropped by 20% I need to reduce my expenses by 20%. And you make that a goal for yourself. fourth step is to learn a new skill. So this is leading in support in what the government is telling us to do to re train basically, we think we learned something new. Now, I would say that turn off the news, if it is too depressing. I mean, for a while, in the UK, I think it was about five o’clock, from about same march to about May. We used to get this government briefing, which was but basically, the daily death report how many people had died so far. And in you know, you can listen to it for a couple of weeks, and enough to be sad, I want to know, the death toll. I want to know actually, how many people are surviving this thing. So if it’s too depressing, and, you know, just turn it off, and then do something more productive with your time. So here’s some examples. Watch a TEDx talk. And our this talk here with the link is with Tommy Lally. And the talk is about let’s get honest about our money problems. So that’s a good one to listen to. And they’re all the TEDx talks. Do something inspiring. What something inspiring on YouTube. So for example, Rich Dad, Poor Dad, my favorite book of all time, Robert Kiyosaki, he’s got a show called Rich Dad radio show. There were some economists on their that I like to listen to Jim Rickards, for example, there’s loads, you know, that will tell you what they think is going on with the economy and stuff, that might not be your thing. But you know, whatever it is that you like to listen to, you can find it on YouTube, or listen to a podcast. We’ve got here, the pod, a podcast called the cash flow show hosted by Clayton M. Koch. And that’s all about cash flow and business and different people are interviewed, I think I’m giving you sort of things that have to do with finances and money because this is all about Karuna proofing your finances. So there are other types of podcasts, which might be more street book, you can learn a lot from from podcasts. There’s not one here, welcome to the buzz, the business bosses podcast, a new podcast for makers, artists and designers. So depending on what your source of interest is, there’s a podcast out there for you, I can guarantee you, I’ve gotten one. This is one of the first podcast I ever got into which is with Pat Flynn, the Smart Passive Income podcast he’s been around for many years. And I think it’s probably it probably actually was the first podcast I ever listened to. So it’s very good advice on passive income tips, you know, you can listen to a podcast on your phone or on your on your laptop. So reading a book listening to something or watching something which which you can learn from and then apply is it will be a more productive use of your time so you can learn a new skill in new ways and you can learn about new things through these talks these channels and these podcasts and reading a good book I’ve got lots of books that I recommend Rich Dad Poor Dad fantastic book. It’s what the rich teach their kids about money that the poor middle class do not Cash Flow Quadrant is the next book on from Rich Dad Poor Dad, which talks about how there’s four ways to make money you can make it out of the quadrant of e. s be an AI which is an employee self employed a business owner or an investor. Very, very, very good book that the cashflow quadrant and this is the French equivalent to cash flow. This this book made me think about how many how money actually flows. And I would say that that really opened my eyes to even though I’ve done accounts, actually how when you think about how your money is coming in, which many people don’t. It was a real eye opener on the Strangest Secret by Earl Nightingale that is an audio actually you can get on on YouTube, which I just think I’ve listened to it so many times. I just think this is just timeless wisdom. The Science of Getting Rich, probably written about 100 years ago. timeless classic as is the richest man in body belong George class on as is thinking Grow Rich by Napoleon Hill. One of the most influential bestsellers of all time. You’ve got Alvin Hall, your money or your life is a practical guide to solving your financial problems and affording a life you’ll love. I enjoyed reading his books. And he actually had a BBC I think it was TV show ever in the UK. Yes, BBC. And he had loads of credit card debt. And so I listened to Alvin and the key with credit card debt, if you’ve got a lot of credit card debt, is to make sure that you pay off the debt with the highest interest first. Millionaire Next Door by Thomas J. Stanley, a novel timeless classic, more than 1 million books sold four hour workweek. by Tim Ferriss, I think he’s actually got a podcast as well escape the nine to five, live anywhere and join the new rich. This is particularly good book in the sense that it’s all about being able to work remotely. And this is where we are in this kind of environment. outliers the story of success, Malcolm Gladwell, he also wrote the tipping point, which is a good book and blink, fantastic book. outliers makes you think about how some of these stories, or these companies that have done really well and have been really successful, makes you think about how did they reach that level of success. And sometimes it’s not what you think it’s a series of events that leads them there. You’ve got my book here, I’ll make the most of your money, how to budget, save and manage your finances, also available in audio, and constant cash flow, how to make money flow to everyday. So recommended books to read, to get into the financial mindset. And still, you know, in learning a new skill, you can read books, listen to podcasts, watch videos, YouTube, TEDx talks, what the raw many, everyday there’s more and more online sites that teach you new skills. Some of them you earn CPD points, some of them are certified, some of them are free, some of them are paid. So there’s a plethora of online sites that can teach you new skills. And you can literally learn anything, guitar lessons, language lessons, how to start a podcast from home. Think about what skills are in demand and start from me. I have a course called How to Start podcasts from home. It’s not actually called that but it’s about how to start a podcast. And you got to remember that some of these skills are transferable. No matter what you learn. It doesn’t mean you necessarily start a podcast, but the podcast can be a business in itself. However, through understanding how podcasts work, you could maybe get into audiobooks into sound bites into editing into voiceovers, vocals, jingles, a variety of ideas. So it’s never you know, when you learn a skill, microphone technique or to edit or to mix a master, you know, it’s it’s never just that skill. It’s how can that skill be applied? What are the kind of what are people looking for at the moment always in combat before learning, just deciding what skill is worth learning at the moment.