Posted in Debt Free Me

Month End: February Snapshot

At the end of February, all my credit cards have been paid to zero. After discussion with my wife, and explaining the benefits of the installment loan, I got a $9,000 installment loan, and used $1,840 which is a combination of my normal debt reduction payments plus an extra amount to pay all my credit cards to zero. This moment is the 1st since my early 20’s that I’ve been able to pay my credit card debt to zero. I thank God for this moment, and even shared the zero balances with my wife in celebration.

In previous blog posts, I’ve talked about the benefits of using an installment loan to consolidate debt. My wife understandably had her reservations with me getting into more debt, so let me clarify the specific conditions in which using an installment loan for debt consolidation is ideal in my opinion.

  1. Your interest rate is going to be lower than the rate you are paying on your credit cards
  2. You can have control of the term of the loan (36 months, 48 months, or 60 months)
    1. This control is important, because the longer the term the lower your payment will be.
  3. There is no origination fee, or it is financed into the loan.
    1. If there is an origination fee, it will affect your monthly payment amount
  4. Make sure your payment amount will be the same or lower than what you’re currently paying and when it will be to fit in your budget

In my situation there was no origination fee, the payment would be less than what I normally pay on my debt around the 15th of month, and I had enough credit card debt paid down that this would fit with my debt free plan and even accelerate it. I would recommend that you not take out multiple installment consolidate credit card debt if you don’t have the discipline to not use your credit cards and know how the installment loan payment will affect your monthly cash flow. Remember that with installment loans the payments are fixed, however installment loans may improve your credit score, because they have a different weight on to the credit bureaus vs. (credit card) open/revolving credit. Based on this re-structure, I should be able to pay off the lines of credit by the end of this year, and hopefully pay off the installment loan by next year.

If you want to learn more about how I’m increasing my income while reducing debt, or if you want to have someone to discuss your debt reduction strategy with, or if you need a financial check-up, contact me.

Also, learn more about how I use the self-lending principle through contacting me

This month’s video is The Greatest Motivational Video for Success & Gym – VALOR – 35 Minute Motivation Speeches from the Mulligan Brothers YouTube channel.

“The LORD will send rain at the proper time from his rich treasury in the heavens and will bless all the work you do. You will lend to many nations, but you will never need to borrow from them.”


I believe in your journey to….

A Debt Free Me

Posted in Pursuit of Excellence

February 23, 2019

Items in italics are direct quotes from the articles below

WE ALL DEVELOP certain behaviors thanks to the influence of our work — nurses tend to wash their hands more often than is necessary and firefighters check the stove buttons a little too often. Bartenders are no exception. Over time, we carry the things we repeatedly do at work into real life. From knowing exactly how you like your Negroni to refusing to split a check, here are seven habits you pick up bartending. The seven habits are having extreme selective hearing, always prepared for any situation, the ability to order clearly, knowing how we like our drinks, having respect for expiration dates, being a radio dictator, and never splitting checks. Bartenders can listen for certain sounds such as a door opening, and even the sound of ticket printing. The other side, bartenders are also good tuning out conversations such as the conversations of the bar guests. The ability to prepared for any situation is critical especially if the night suddenly turns into a busy one. Bartenders by repetition and instinct learn intangible skills that can’t be easily translated onto a resume, nevertheless these skills can be useful in many different environments. What’s important in life is being able to acquire skills and use them across various industries and that’s how you can become an asset. Personally, I worked as a bartender at restaurant, and my first job was as a janitor at a major theme park. The customer service skills I learned in these two different industries, I use for success in my current career.

You might think that the impact of aging on the brain is something you can’t do much about. After all, isn’t it an inevitability?

To an extent, as we may not be able to rewind the clock and change our levels of higher education or intelligence (both factors that delay the onset of symptoms of aging). But adopting specific lifestyle behaviors–whether you’re in your thirties or late forties–can have a tangible effect on how well you age. Even in your fifties and beyond, activities like learning a new language or musical instrument, taking part in aerobic exercise, and developing meaningful social relationships can do wonders for your brain. There’s no question that when we compromise on looking after ourselves, our aging minds pick up the tab. Over time your body will build up toxins such as tau proteins and beta-amyloid plaques that can affect the aging process and cognitive decline. There are other factors that can aggravate the aging process such as lack of sleep, alcohol, and stress. The key to resilient aging is improving neurogenesis, the birth of new neurons. The author of the article came up with three methods to encourage resilient aging in the brain: get your heart-rate up, change your eating patterns, and prioritizing sleep. Aerobic exercise such as running or brisk walking has a potentially massive impact on neurogenesis. A 2016 rat study found that endurance exercise was most effective in increasing neurogenesis. It wins out over HIIT sessions and resistance training, although doing a variety of exercise also has its benefits. Even if you don’t like to exercise alone, try doing some form of team sport or something with a form of social element which can increase neurogenesis. Evidence has shown that intermittent fasting, calorie restriction, and time-restricted eating can also assist with neurogenesis.

Try any of the following, after checking with your doctor:

  • 24-hour water-only fast once a month
  •  Reducing your calorie intake by 50%-60% on two non-consecutive days of the week for two to three months or on an ongoing basis
  • Reducing calories by 20% every day for two weeks. You can do this three to four times a year
  • Eating only between 8 a.m. to 8 p.m., or 12 p.m. to 8 p.m. as a general rule

Prioritizing sleep and ensuring you have at least 7 to 9 hours of sleep is important. An easy way to know if you’re getting enough sleep is when you’re waking up at the same time every day of the week vs. needing to lie-in or taking longer naps. Try practicing mindfulness or yoga nidra before bed at night, a guided breath-based meditation that has been shown in studies to improve sleep quality. There are plenty of recordings online if you want to experience it. It’s important to work on each of these until they become a habit, but of these three I find that the Principle of Rest is very important. Your body needs at least one day of rest. It may be some form of leisurely activity or extra sleep, but make sure you rest.

If you need a financial check-up or prayer, contact me.

This week, I’ve included RESET Your MINDSET | The Secrets Billionaires Pay For (It Takes Only 1 Day) from the Video Advice YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

Posted in Articles

Articles: 2.3.19