Posted in Debt Free Me

Month End: September Snapshot

I turned 38 this year…Looking back I never expected to be so far behind in my life as compared to others. A lot of the people I went to high school with are married with children, and some are very successful in their careers. I look at my parents and remember where they were at my age, and honestly it discourages me. Comparison can do more harm than good. Even when comparing yourself against others who are attempting to achieve common goals like being debt free. All you can do is stay on your path and stick to your strategy. Everyone’s life, circumstances, and finances are different. That’s why it’s important to have a budget, or some form of knowing how much is coming in, and how much is going out. What is your bottom line number?

I’m focusing through the end of the year on paying down my other credit card debt. I’m continuing to pay just the about the minimum payment to at least reduce my principal balance on the debt above. Remember to look at your credit card statements to not just see your interest rate but also, to see how long it would take you to pay off your balance if you pay just the minimum payment. Also, your interest rate could change if the Federal Reserve raises interest rates. Don’t compare yourself with others and continue step by step toward being debt free.

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 Mustard Seed in the mustard seed section.

This month’s video is Dana White – From $0 To $7 Billion | One Of Most Compelling 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.”

Deuteronomy 28:12 NLT‬‬

I believe in your journey to….

A Debt Free Me

Posted in Pursuit of Excellence

April 19, 2017

Items in italics are direct quotes from the articles below

Laura Vanderkam the author of this video argues that we should consciously spend time on the parts of our job that initially drew us to our job in the beginning. To do more of the things you love, you must recognize that certain aspects of work will expand to fill all available space. She uses e-mail as an example. We should carve out time to go after the higher priority item, and the best way to do this is a power hour. So, for the first hour of the day instead of doing e-mail, work on the first top priority item of the day. Try to carve out Monday morning for whatever is most important to you. And particularly for sort of speculative important but not urgent work that you’re going to have a hard time carving out time for. If you do it Monday morning it’s kind of the equivalent of paying yourself first.
This type of process is best for a high priority project but not a urgent project.. Time is our most valuable and precious assets, so it’s important to use effectively and wisely. I’ve found myself getting up early so I can carve out time to manage my spiritual life, and my business life. Arriving earlier to work allows me time to work on larger weekly tasks without having to be stressed. By doing this simple habit, I build margin into my time, and honor the principle of rest and I don’t go into time debt.

If you are uncertain, optimistic or nervous about investments right now, it may be a good time to do a little reading. Knowledge is really the best way to counterbalance emotions, which we know may be running high for some right now. Our advice: Check out what the masters have said. They’ve devoted their lives to understanding investing and captured it all in print. It turns out there is truly nothing new under the sun; their insights apply year-in and year-out. We love original sources, so here’s our top seven books for you to read or re-read. If you don’t enjoy reading, then I challenge you to build this important habit. The books express the author’s ideas more fully than video or audio. Try reading a page out of your favorite book a day, even if it’s a children’s book. If you still don’t enjoy reading, then try an audio version, video summary, or even consult with a respected friend. The top seven books are: Security Analysis by Benjamin Graham and David L. Dodd, Margin of Safety by Seth Klarman, Against the Gods: A History of Risk by Peter Bernstein, Antifragile by Nassim Taleb, The Upside of Stress by Kelly McGonigal, Wealth in Families by Charlie Collier, Classics: An Investor’s Anthology by Charles D. Ellis. Each book will introduce you into the world of risk, and proper thinking of an investor. It’s important to remember that you can’t just do the process, and expect the results, it’s even better to understand the process. Use your own gifts and talents that were given to you since you were born to creatively execute your investment strategy. Also have a budget. You should know what your bottom line number is monthly before you add on the stress of investing. Be willing to lose it all, and have in place an investment strategy for savings and for wealth. If you don’t have a budget in place then please contact me to let me show you my system.

If you need are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

For this week, I’ve included the Darkness – Motivational Video from MulliganBrothers 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 Debt Free Me

Month End: October Snapshot

Honestly, I’m looking forward to this year being over with and starting my life with my soon to be wife. If you’re struggling with debt and you’re unable to have help emotionally, and financially, then depending on how big your debt level is I suggest three options. Those options are find a way to lower your expenses and increase income, close all open accounts and leave one card open and begin negotiating your debt with your creditors, and finally consider bankruptcy. The third option is an option of last resort, but bankruptcy is a way to start over. Don’t let your debt and finances take you to the place where you would harm yourself or others. If bankruptcy is the only option, then I suggest you contact multiple bankruptcy attorneys.

Fortunately, in my situation, I’ve openly discussed my finances with my fiancé and she’s openly discussed her finances too. We’re considering different debt consolidation options together, discussing a debt repayment strategy as well as how to grow our existing businesses. We openly discuss every topic with each other and being in our mid-thirties we’re comfortable enough to not need much. I encourage you to find someone to openly discuss your finances with. The first step to becoming debt free is in your thinking, and the next step is having a budget. My questions to you are how much do you make? Is that gross or net income? What is your bottom line number? Knowing your thoughts and knowing your numbers is critical to not just get out of debt but grabbing control of your financial future.

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.

The rich ruleth over the poor, and the borrower is servant to the lender.

I believe in your journey to….

A Debt Free Me