Years ago I worked a job I didn’t particularly like. I used to tell friends that even though the job created stress in my life my favorite day to work was my day-off. If you’re like most of my friends you’d be wondering how someone who doesn’t particularly like his job would enjoy working a day that should be off.
Here’s why in a nut-shell. I didn’t have to work. Every time I worked my day off it was voluntary. And, the fact that I didn’t have to go to work made it more relaxing and inspired me to work that much harder.
That’s what shove-it money is all about. It’s about saving one year’s worth of expenses and having that money readily available in a bank. This shove-it money is a powerful motivator. Shove-it money eliminates stress. Shove-it money transforms your attitude.
Shove-it money gives you a sense of freedom. Though I don’t usually recommend debt, I can tell you that if you have one year’s worth of expenses in the bank you’ll have a heck-of-a-lot less stress. You’ll have a better attitude toward your work because you’ll feel like everyday is a day off.
If you happen to have debt you want to pay off and one year's worth of shove-it money in the bank keep the money in the bank and still accelerate paying off your debts.
Get out of debt as quickly as you can but remember shove-it money. Shove-it money transforms your out-look on life reducing stress to a minimum.
David…
Saturday, January 26, 2008
Friday, January 25, 2008
From Debt To Cash...The easy way
Every now and then we review the purpose and psychology behind “From Debt To Cash DOT com
Let's review.
Today’s society encourages us to live in hoc up to our eyeballs!
A commercial that ran on tv not long ago had a guy talking about all the stuff he owned while driving his lawnmower. He had a house, a pool, cars, and he smiled as he said, “somebody help me”.
All the suggestions, strategies, techniques, philosophy, real-world examples, and solutions offered here are intended to help you go from Debt to Cash.
The examples and strategies you see here are either from my own personal experience or someone I know who’s been there just like you and I.
No matter how bad your situation may be know this: That someone else is in worse shape, someone else has been there, in other words….You’re not alone!
You may feel like the world around you is crashing down! You may feel like you cannot get out of the hole you’re in. There’s an old saying. In order to get out of the hole you’re in you must first QUIT DIGGING THE HOLE!
It maybe painful, and it will be, it may be embarrassing, and it will be, it may even seem “never ending”, and IT WON’T BE AS LONG AS YOU TAKE MY ADVICE TO HEART.
“In order to get out of the hole you’re in you must first STOP DIGGING THE HOLE!”
From Debt To Cash is about getting out of the hole. From Debt To Cash is about living FREE again. From Debt To Cash is about getting rid of the chains of debt you have around your ankles.
As long as you’re in debt you are in chains. These chains make you a different person. Like an alcoholic whose personality changes with every drink debt has that same effect on all of us.
Debt makes us act like someone we are not. It makes us envy those around us that have a lot. Debt slowly sucks the LIFE out of us.
From Debt To Cash is about going from a life of debt and bondage to a life of GIVING AND FREEDOM.
Cash is King, cash is powerful, cash is good, cash allows you to live a free life, cash lets you chose your course in life.
TO go from Debt To Cash is more than paying off your bills and using cash. Its about a change of attitude. You must change your outlook on life, your approach to life, how you feel about your life.
It’s about listening to a whole different perspective, its about doing what the minority are doing. The 20% of the population that chooses to live debt free verse the overwhelming majority that chooses to live in bondage, the 80% that does what everyone else does.
Rich people are not in debt. Rich people loan money to the 80%. Rich people make money from the 80%. The reason the 80% are in debt up to there eyebrows is because they want it now. They’ve got to have it now.
The 80% choose to live in bondage so they can have everything today instead of waiting just a relatively short amount of time to use Cash to get what they want. Once you get your attitude adjusted from the 80% mentality to the smart cash rich 20% attitude you will immediately see success.
You will, beyond your wildest dreams achieve all you want in life once you decide to act like the 20% smart cash rich crowd.
From Debt To Cash, the kit, has all you need to adjust your attitude, the strategies of how, and techniques to become a lender instead of a borrower. The monthly newsletter that comes with the kit is designed to encourage you, to motivate you, to reward you, for your attitude adjustment.
Check in with my posts and you’ll go From Debt To Cash….Now…
David….
P.S. Feel free to send comments to: P.O. Box 22204, Mesa, AZ, 85277-2204 or send an email: pinnacle AT mail DOT com
Let's review.
Today’s society encourages us to live in hoc up to our eyeballs!
A commercial that ran on tv not long ago had a guy talking about all the stuff he owned while driving his lawnmower. He had a house, a pool, cars, and he smiled as he said, “somebody help me”.
All the suggestions, strategies, techniques, philosophy, real-world examples, and solutions offered here are intended to help you go from Debt to Cash.
The examples and strategies you see here are either from my own personal experience or someone I know who’s been there just like you and I.
No matter how bad your situation may be know this: That someone else is in worse shape, someone else has been there, in other words….You’re not alone!
You may feel like the world around you is crashing down! You may feel like you cannot get out of the hole you’re in. There’s an old saying. In order to get out of the hole you’re in you must first QUIT DIGGING THE HOLE!
It maybe painful, and it will be, it may be embarrassing, and it will be, it may even seem “never ending”, and IT WON’T BE AS LONG AS YOU TAKE MY ADVICE TO HEART.
“In order to get out of the hole you’re in you must first STOP DIGGING THE HOLE!”
From Debt To Cash is about getting out of the hole. From Debt To Cash is about living FREE again. From Debt To Cash is about getting rid of the chains of debt you have around your ankles.
As long as you’re in debt you are in chains. These chains make you a different person. Like an alcoholic whose personality changes with every drink debt has that same effect on all of us.
Debt makes us act like someone we are not. It makes us envy those around us that have a lot. Debt slowly sucks the LIFE out of us.
From Debt To Cash is about going from a life of debt and bondage to a life of GIVING AND FREEDOM.
Cash is King, cash is powerful, cash is good, cash allows you to live a free life, cash lets you chose your course in life.
TO go from Debt To Cash is more than paying off your bills and using cash. Its about a change of attitude. You must change your outlook on life, your approach to life, how you feel about your life.
It’s about listening to a whole different perspective, its about doing what the minority are doing. The 20% of the population that chooses to live debt free verse the overwhelming majority that chooses to live in bondage, the 80% that does what everyone else does.
Rich people are not in debt. Rich people loan money to the 80%. Rich people make money from the 80%. The reason the 80% are in debt up to there eyebrows is because they want it now. They’ve got to have it now.
The 80% choose to live in bondage so they can have everything today instead of waiting just a relatively short amount of time to use Cash to get what they want. Once you get your attitude adjusted from the 80% mentality to the smart cash rich 20% attitude you will immediately see success.
You will, beyond your wildest dreams achieve all you want in life once you decide to act like the 20% smart cash rich crowd.
From Debt To Cash, the kit, has all you need to adjust your attitude, the strategies of how, and techniques to become a lender instead of a borrower. The monthly newsletter that comes with the kit is designed to encourage you, to motivate you, to reward you, for your attitude adjustment.
Check in with my posts and you’ll go From Debt To Cash….Now…
David….
P.S. Feel free to send comments to: P.O. Box 22204, Mesa, AZ, 85277-2204 or send an email: pinnacle AT mail DOT com
Thursday, January 24, 2008
3 Strategies to Pay-Off Credit Cards NOW
There are generally three strategies to pay off credit cards early. I’ll go over them real quick and give you a few thoughts and my own opinion as to the best strategy to use to become debt free.
The first strategy is to write down your credit card balances, minimum payments, and interest rate on each card. Take the card with the highest interest rate, pay the minimum on the others and all extra money goes toward the highest interest rate card.
Once you pay off the highest interest card you move to the next card. Here’s an example: Fin. Bank, $1,200, $37. minimum payment, 7.9% interest. Mac. Bank, $4,500, $120 minimum payment, 17.9% interest, and Sal. Bank, $6,500, $129 minimum payment, 18.9% interest.
The highest interest strategy is to pay off the $6,500 credit card first, than the $4,500, then the $1,200 credit card last.
Strategy two is to pay an equal amount extra to all three credit cards. Let’s say you’ve done your homework and found $15 extra a day (see my FROM DEBT TO CASH, the kit for details). Fifteen dollars a day times 30 days in a month equals $450 dollars extra toward your credit card payoffs (see my altitude/snow-bowl example found in: From Debt To Cash, the kit).
The third strategy is to take the lowest balance you owe on a credit card and pay it off first. Under the lowest balance first, what I call accelerated plan, you’ll get quicker results and feel good about your progress.
It’s easy to get discouraged when you owe a mountain of debt.
Under the Accelerated Plan you would pay off the $1,200 credit card first, followed by the $4,500 credit card, and $6,500 credit card last. Here’s how it would look on paper over a few months.
Minimum payment of $37 plus $450 in new found money and you’d pay off the $1,200 card in less than 3 months. The next card balance of $4,500 would be paid off in nine months. The final card would be paid off in 10 more months. A grand total of 22 months and you’re debt free. Remember, always take the money you were paying toward a credit card and apply that money to the new card you want to pay off.
If you do the other two strategies you’ll pay off everything about the same amount of time but it will take longer to pay your first card and the second card. You might save a few dollars in interest by paying off higher interest cards first but you might get demoralized waiting so long to see progress.
And let’s face it. A credit card paid off is a credit card paid off. It gives you a lot of satisfaction knowing you only have two credit cards to go, followed by one card. Paying a few extra dollars to get one card out of the way in a few short months is much more gratifying than waiting 9 months to get past the first card.
The important thing to remember is you need to pay off all of your cards, not part, not most, but all of your credit cards. Whatever strategy you use isn’t nearly as important as doing something. Get off your duff and get-r-done!
David….
The first strategy is to write down your credit card balances, minimum payments, and interest rate on each card. Take the card with the highest interest rate, pay the minimum on the others and all extra money goes toward the highest interest rate card.
Once you pay off the highest interest card you move to the next card. Here’s an example: Fin. Bank, $1,200, $37. minimum payment, 7.9% interest. Mac. Bank, $4,500, $120 minimum payment, 17.9% interest, and Sal. Bank, $6,500, $129 minimum payment, 18.9% interest.
The highest interest strategy is to pay off the $6,500 credit card first, than the $4,500, then the $1,200 credit card last.
Strategy two is to pay an equal amount extra to all three credit cards. Let’s say you’ve done your homework and found $15 extra a day (see my FROM DEBT TO CASH, the kit for details). Fifteen dollars a day times 30 days in a month equals $450 dollars extra toward your credit card payoffs (see my altitude/snow-bowl example found in: From Debt To Cash, the kit).
The third strategy is to take the lowest balance you owe on a credit card and pay it off first. Under the lowest balance first, what I call accelerated plan, you’ll get quicker results and feel good about your progress.
It’s easy to get discouraged when you owe a mountain of debt.
Under the Accelerated Plan you would pay off the $1,200 credit card first, followed by the $4,500 credit card, and $6,500 credit card last. Here’s how it would look on paper over a few months.
Minimum payment of $37 plus $450 in new found money and you’d pay off the $1,200 card in less than 3 months. The next card balance of $4,500 would be paid off in nine months. The final card would be paid off in 10 more months. A grand total of 22 months and you’re debt free. Remember, always take the money you were paying toward a credit card and apply that money to the new card you want to pay off.
If you do the other two strategies you’ll pay off everything about the same amount of time but it will take longer to pay your first card and the second card. You might save a few dollars in interest by paying off higher interest cards first but you might get demoralized waiting so long to see progress.
And let’s face it. A credit card paid off is a credit card paid off. It gives you a lot of satisfaction knowing you only have two credit cards to go, followed by one card. Paying a few extra dollars to get one card out of the way in a few short months is much more gratifying than waiting 9 months to get past the first card.
The important thing to remember is you need to pay off all of your cards, not part, not most, but all of your credit cards. Whatever strategy you use isn’t nearly as important as doing something. Get off your duff and get-r-done!
David….
Sunday, January 20, 2008
CASH is still King
As many of you know the reality is we live in a Credit Driven Economy. Most purchases are done through credit (this includes debit cards), but for some CASH is still KING! Take anyone from age 5 years to 100 years and they’ll say the same thing.
“There’s nothing like carrying money in your pocket.” It feels good to start. There’s a psychological positive feeling attached to CASH though many of us don’t carry any. It hasn’t always been that way. In the seventies and most of the 80’s cash still dominated.
We’ve gotten kinda lazy. I admit it’s so much easier to pull in front of the gas station and whip out the plastic to pay for the gas. The problem is if you don’t use your debit you’ll use your plastic.
And plastic’s what get’s you into trouble. It gives you a false sense of Security. I say false because if you have CASH in your pocket you have real security. It’s real because its’ spend(able) with no real problems associated with it. If you spend it, you don’t have it anymore. It is that simple.
Plastic, on the other hand, comes with a monthly bill attached. That, my friend, is SCARRY! Because, at the end of the month you’ve gotta come up with the real CASH to pay off the plastic.
That’s where we get into trouble. I can’t remember where I read it but the just of the study was we spend approximately 28% more per purchase with plastic than we do with CASH.
That’s why I say, if you’ve got it (CASH that is) in your pocket and spend it you can feel a little more pain than if you use plastic for the same purchase. Somehow we watch the dollars leaving our finger-tips more closely than the plastic purchases.
From Debt to Cash is about eliminating BAD HABBITS more than anything else. I’d venture to say that if you walked out the door with cash instead of plastic every work day you’d inherently spend less money every month.
There’s something about spending CASH over plastic.
One final word:
Many of us (and I used to be one) just cannot spend with anything other than plastic. We spend plastic on groceries, gas, lunch, dinner, big ticket purchases, small ticket purchases, etcetera, etcetera, and etcetera.
The easiest way to break your self of the BAD HABIT of spending plastic instead of CASH is to put the plastic in a drawer for one week. Just one week of no plastic. Let me know how you do.
Any withdrawal pains? Any shaking? It’s hard to go from plastic back to CASH but, it can be done. Deny your self of plastic for just one week. Put the plastic in a drawer. I heard of one guy who put it in a plastic baggy, put it in a jug of water and stuck it all in the freezer.
He figured it would take several days to defrost it. That’s how he made himself go one week with no plastic.
Try it, you’ll naturally find that you easily adjust (TO CASH) once you quit shaking from the withdrawals of no plastic. Than, you’ll have a whole new lease on life and discover the many advantages to going From Debt to CASH.
Including your new found FREEDOM from the bondage of debt. I’ll talk more about that next time.
David….
“There’s nothing like carrying money in your pocket.” It feels good to start. There’s a psychological positive feeling attached to CASH though many of us don’t carry any. It hasn’t always been that way. In the seventies and most of the 80’s cash still dominated.
We’ve gotten kinda lazy. I admit it’s so much easier to pull in front of the gas station and whip out the plastic to pay for the gas. The problem is if you don’t use your debit you’ll use your plastic.
And plastic’s what get’s you into trouble. It gives you a false sense of Security. I say false because if you have CASH in your pocket you have real security. It’s real because its’ spend(able) with no real problems associated with it. If you spend it, you don’t have it anymore. It is that simple.
Plastic, on the other hand, comes with a monthly bill attached. That, my friend, is SCARRY! Because, at the end of the month you’ve gotta come up with the real CASH to pay off the plastic.
That’s where we get into trouble. I can’t remember where I read it but the just of the study was we spend approximately 28% more per purchase with plastic than we do with CASH.
That’s why I say, if you’ve got it (CASH that is) in your pocket and spend it you can feel a little more pain than if you use plastic for the same purchase. Somehow we watch the dollars leaving our finger-tips more closely than the plastic purchases.
From Debt to Cash is about eliminating BAD HABBITS more than anything else. I’d venture to say that if you walked out the door with cash instead of plastic every work day you’d inherently spend less money every month.
There’s something about spending CASH over plastic.
One final word:
Many of us (and I used to be one) just cannot spend with anything other than plastic. We spend plastic on groceries, gas, lunch, dinner, big ticket purchases, small ticket purchases, etcetera, etcetera, and etcetera.
The easiest way to break your self of the BAD HABIT of spending plastic instead of CASH is to put the plastic in a drawer for one week. Just one week of no plastic. Let me know how you do.
Any withdrawal pains? Any shaking? It’s hard to go from plastic back to CASH but, it can be done. Deny your self of plastic for just one week. Put the plastic in a drawer. I heard of one guy who put it in a plastic baggy, put it in a jug of water and stuck it all in the freezer.
He figured it would take several days to defrost it. That’s how he made himself go one week with no plastic.
Try it, you’ll naturally find that you easily adjust (TO CASH) once you quit shaking from the withdrawals of no plastic. Than, you’ll have a whole new lease on life and discover the many advantages to going From Debt to CASH.
Including your new found FREEDOM from the bondage of debt. I’ll talk more about that next time.
David….
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