How to elminate pressure an stress with "shove it" money

Some of you have been asking to elaborate more on the concept of “shove it” money. How important is “shove it” money and why should you have it?

If you’re in debt up to your eyeballs you probably have nothing saved or a couple hundred bucks in your account at most.

Many of you have zero dollars and are living a little (or more) beyond your weekly bills. In other words you don’t have any money!

Hey, I’ve done been there, all I can tell you is it sucks!

You’re always worried, you’re always thinking about the bills, you’re always stressed out!

There are two important concepts about living debt free. The first concept is to relieve your self of the daily pressures of more bills than money.

The way you relieve the pressure is to reduce the bills sufficiently to take the pressure off of you.

The second concept is to quit using your plastic (credit cards)! Remember, the “hole” story? You can’t dig yourself out of a hole. In order to get out of a hole you must first stop digging.

“Shove it” money is different for everyone, it is the money necessary for you to have “peace of mind”, it is the money you have in the bank that gives you that relaxed feeling that eliminates the stress over your bills.

It means you can take the year off from work and comfortably pay your bills.

The strategy to get you to your “shove it” money is to use the money you were spending on your credit card bills and save it toward your “shove it” money.

How much “shove it” money do you need? Depends on how much your monthly bills are. That number could be $10,000, $20,000, $30,000, $50,000, you name it.

Once you have accumulated your “shove it” money in the bank (it must be very liquid) you’ll achieve the greatest freedom and wonderful feelings you’ve ever had (or had in a long long time).

Remember, use the $15 dollar a day strategy to pay off your credit cards early, than apply all the money you were paying your bills toward your “shove it” money. Reward yourself periodically with something small, Lattes and a candy bar (see my $15 dollar a day strategy on previous posts).

To your success!

David…