Pursuit of Excellence

Russia invaded Ukraine on 2/24/2022. This event in my mind is one of the many events that will be in the history books alongside the COVID-19 pandemic when you look back on the 2020 decade. This event will affect economies and supply chains because the world is dependent upon Russia for oil, and if the nations decide they want to place sanctions against Russia, then this action will change economies. If you consider how the supply chains are already weakened, then we are on the verge of heading into another global recession. If a recession happens then it creates an enormous buying opportunity for value investors. Warren Buffet one of the greatest investors of our times, and one of the wealthiest people in the world is a student of Benjamin Graham. Although Graham’s works are older, it is worth reading Security Analysis and The Intelligent Investor. If you understand how to look at the financials of a company and understand the industry that the company operates in then you have tremendous opportunities to invest in some marketable securities that can be bought at a discount. My sweet wife loves to shop for a discount when purchasing consumer goods, and if you apply this same principle to purchasing stocks, commodities, cryptocurrencies, real estate, and businesses then you can set yourself up for life beyond debt. Even with these world events, I paid $1,554.16 back into savings bringing the balance owed to savings down to $3,038.32.

I do not recommend investing until you are consumer debt free or out of baby step 2 if you follow Dave Ramsey’s Baby Steps. The money that you are wasting on payments can be put to better use in your future once you are out of debt. If you’re really hungry to get out of debt, then you can focus on going after your mortgage after you have filled up your emergency fund. For us it is important to have our consumer debt paid off and have a fully funded emergency fund. Order is important, and if you follow Dave Ramsey’s baby steps then you should follow them in order, but as I have discovered for myself and my family, we are following our way. If anything happens to me, then Jill and Evie have Dave’s recipe, and they have this website as a resource to help them follow or make their own way. The fact remains that debt is a thief, and it will rob you of your income and your future. Your greatest wealth building tool will always be income. With this Ukraine event happening, there will be destruction in people’s retirement plans, but for me I’m not worried. When it comes to retirement plans, you do not realize the loss until you sell. It’s a rollercoaster that will go up and down so you must enjoy the ride. For my personal stock fund, I am looking for opportunities to buy and if it’s worth paying for it then I will. It does not change the fact that by the end of this year, I want our family to be consumer debt free. Everything will be paid off except the house. Can you imagine what you can buy when you’re debt free?

If you want to learn more about the self-lending principle or if you need a financial check-up, then contact me.

This month’s video is The Dark World of Megachurches from the James Jani 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.”
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Deuteronomy‬
‭28:12‬
‭NLT‬‬
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http://bible.com/116/deu.28.12.nlt‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬

I believe in your journey to….

A Debt Free Me