Month End: November Snapshot


I have so much to be thankful for this year. Out of all the things I’m thankful for, I’m thankful for my wife, our home, and both sides of our family. Looking back on how this year started, I didn’t know I’d be at this place. Thank God for my loving family and my close friend Joe. This month I applied more toward the Capital One card, and next month I decided to take a rest from aggressive debt reduction. I may or may not take a break next year. This year I want to be able to have money to use towards Christmas and have a little extra money in my checking account to remind me of the time before I was in debt. It’s important to be able to rest, reflect, and appreciate how far you’ve come.

Last month one of my Barclay’s credit cards was bought by Mercury, and so my balance was transferred to a Mercury Credit Card. I had to create a new username and password and re-adjust the information in my budget. With that transfer, and my excellent payment history, my credit limit was increased. A credit card company will increase your limit in order to tempt you to start using the card. A credit card company must send you a notice if any type of information is being changed. When information is changing, I look for two things: an annual fee, and my new interest rate. Even with my credit limit increase, I’m continuing to pay this balance, and not adding anymore new debt. One of the mistakes I made while reducing my debt again was looking for balance transfer offers, and loans to consolidate credit card debt. I think you should use a balance transfer or consolidation loan only if you have the self-discipline to not add balances back on the cards you pay to zero. Even if that means you must cut up the cards, store them away, or give them to someone you trust, stay focused on becoming debt free. I made the mistake of doing a balance transfer and not committing to bringing the balance to zero before the promotional rate ended. I had consolidation loans but would also re-use the cards. Having a consolidation loan and using the cards again reduced my cash flow (cash I had to live on after expenses are paid) and increased my debt to income (a ratio that for creditors can play a factor in granting increases in credit or new credit). Only use a balance transfer option if you have ability to pay the balance off before the promotional rate ends, and if you can commit to your debt reduction strategy.

This year is different. Often people will say it’ll be different this time, and then end up doing the opposite. Why is this year different? For me it’s because of small consistent steps, and emotional support that’s really helping me succeed. For me it’s about faith, a mission and a vision. Your journey to a debt free me is different than mine, but if I’m getting closer to being there, then take one more step with me. You can do it.

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 The BEST ADVICE you’ll Ever Hear! Will Smith from the Video Advice 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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Deuteronomy28:12 NLT‬‬
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http://bible.com/116/deu.28.12.nlt‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬‬

I believe in your journey to….

A Debt Free Me


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February 24, 2018

Items in italics are direct quotes from the articles below

https://www.entrepreneur.com/video/309438

Have you ever wondered how people earn money making videos on YouTube? Talent manager and content producer Reuven Ashtar sat down with Jessica Abo to discuss how his Never Napping clients, ranging from The Sorry Girls, Molly Burke and Amanda Rach Lee to The Icing Artist and Aydian Dowling, became YouTube stars, and what it takes to be successful. People make money through YouTube by having followers watch their videos or through brand deals. Other streams include live events or merchandising. Reuven represents a team of strong content creators, and spends his time managing them and assisting them in creating material. He best describes the Youtubers as individuals that make two short films a week. For the new Youtuber, Reuven advises you ask yourself some questions:

Is it your captive audience you’re trying to please? Are you trying to get a new audience and how can you win? You build an audience over time. You don’t just create one thing.

It’s about consistent growth, and subscribership growth.

The author points out that coming from a journalism background she assumed that it was about 80% on production and 20% on marketing, but in the YouTube the opposite is true. With the power of the Information Age, you can spend your message globally for free. What is your impact on legacy and eternity?

https://www.entrepreneur.com/video/309083

In this video, Entrepreneur Network partner Brian Tracy breaks down seven simple techniques you can use to improve your memory. Whether you just want to make sure you nail your next presentation or need to have a long-term system, these techniques can help you have the most important information in your hip pocket when you need it most. All of the techniques Tracy cites to improve memory are fairly simple, but many of them require dedication in order to be effective. For example, Tracy’s first piece of advice on how to improve your memory is to over-learn the material. If you are overprepared, then even if you forget tangential points, you will have such a firm grasp on the fundamentals that you won’t need to worry about remembering. Brian states that there are 5 proven strategies that can maximize your retention, and in this video, he states seven techniques. One strategy is reducing the amount of interference around you. Interference is when the information you’ve previously learned is interfering with the information you’re currently learning. To limit interference, he suggests over-learning the material. if you recall the information without a pause for thought then you’ve over-learned it. Other strategies include making the information meaningful and using four color pens. Using colored based inks allows you to use color image-based techniques to anchor images with memories. Also space out your study sessions, and practice whole and part learning. Read the material all at once quickly and then go back and ingest it in parts. You can also recite the material that you’re trying to memorize, and this technique was used by Abraham Lincoln himself. Finally use a study system, have a game plan and act on it. Your incredible brain can take you from rags to riches, from loneliness to popularity, and from depression to happiness, and joy if you use it properly.

This week, I’ve included SELF DISCIPLINE – Motivation for Daily Discipline (Video Advice) 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