If you have kids you’ll understand this quicker then if you don’t have kids. Depending on how many kids you’ve got you’ve probably repeated yourself so much you feeling like a broken record.
The reason you have to repeat instructions to your kids over and over again is because they forget, don’t listen, and it doesn’t always sink in even if you repeat yourself 25 times.
The reasons you’ve got to repeat yourself is your kids are learning. The best way any of us learn is through repetition. The more something is repeated the more likely it is to sink into our enormously thick skulls.
You’re familiar with that thick bone that surrounds your brain matter? The thick bone surrounds your brain to protect it. It also helps keep things out of your brain. Things like common sense, words that go through your ear canal and seem to go through to the other side and out the other ear.
Repetition is the secret to learning.
Repetition is what you need to DO and to HEAR to learn and change habits and develop new behaviors.
In my kit, From Debt to Cash, I talk about the psychology of debt and why we’ve been indoctrinated into borrowing money. I also talk about how to change your attitude of borrowing and turn it into CASH.
Cash living eliminates 85.9% of your stress. Once you’re debt free there’s an immediate peace of mind feeling that comes over you. While you’re working on getting debt free there’s a sense of anticipation and it gives you something to look forward too.
But, simple living means little or no stress. Having cash in the bank means a sense of wellbeing that is difficult to describe but wonderful to feel.
So, yes, I feel like a broken record sometimes repeating DEBT FREE LIVING over and over again. You probably feel like a broken record sometimes repeating things to your kids over and over again.
It’s good for the kids to hear and its good for you to hear. Now, break the record and go get debt free!
Friday, April 4, 2008
Thursday, April 3, 2008
When to save money?
Saving money is pretty tough, there’s no bones about it. As you pay off your debts you’ll begin to think about saving money. For me, it was tougher to save money than to pay off the creditors.
I got so use to spending all my money minus my reserve fund that it was weird to have a little extra money and I did without for so long my mind was confused.
There are three mindsets you go through when you finally decide to get out of the hole your in and get out of debt.
The first mindset is the “get out of debt mindset”. The second mindset is “debt free” living. During my debt free mindset a host of unexpected bills came up. The good news is I was able to pay those bills (staggered most of them) and didn’t start saving for awhile.
The third mindset is the most difficult to accomplish. The mindset of “Saving”. I don’t have the answer, yet, to motivating you to save.
I can tell you that once you hit a few set-points it will motivate you to go further. Your set-point may be $5,000 thousand dollars in the bank. As soon as you hit that number it will spur something deep inside and launch you into the third mindset of saving.
The question is when should you start saving?
You should start saving the day you’ve paid off all your bills. The reason is simple. You’ll be in the habit of cutting checks to creditors. Now you can cut checks to yourself. I’ve heard of some folks using my $15 dollar a day strategy to save money.
I say whatever you do to save, keep doing it. But, don’t start saving until you’ve paid off your debts.
David…
I got so use to spending all my money minus my reserve fund that it was weird to have a little extra money and I did without for so long my mind was confused.
There are three mindsets you go through when you finally decide to get out of the hole your in and get out of debt.
The first mindset is the “get out of debt mindset”. The second mindset is “debt free” living. During my debt free mindset a host of unexpected bills came up. The good news is I was able to pay those bills (staggered most of them) and didn’t start saving for awhile.
The third mindset is the most difficult to accomplish. The mindset of “Saving”. I don’t have the answer, yet, to motivating you to save.
I can tell you that once you hit a few set-points it will motivate you to go further. Your set-point may be $5,000 thousand dollars in the bank. As soon as you hit that number it will spur something deep inside and launch you into the third mindset of saving.
The question is when should you start saving?
You should start saving the day you’ve paid off all your bills. The reason is simple. You’ll be in the habit of cutting checks to creditors. Now you can cut checks to yourself. I’ve heard of some folks using my $15 dollar a day strategy to save money.
I say whatever you do to save, keep doing it. But, don’t start saving until you’ve paid off your debts.
David…
Wednesday, April 2, 2008
We never deny ourselves anything
A friend recently told me about money woes and just got back from a week vacation. When I asked what they were going to do the reply was, “I don’t know, we never deny ourselves anything.”
It reminded me of a quote I posted recently. “Who recalls when folks got along without something if it cost too much?” --Kin Hubbard
One of the best ways to go through life is to pay as you go. If you got the money you pay the money. If you don’t got the money you don’t buy it.
I think we become entrapped and snared by debt and don’t realize the money we owe is what’s bothering us. The more money you owe the more pressure on you to make those monthly payments.
If you don’t owe money the pressure’s lifted like a release valve on a steam engine.
Debt is like a pressure cooker. A pressure cooker is a large pot that has a top on it that clamps down tight with a pressure gauge on top. As the heat rises (my debt analogy) the pressure inside the pot rises and the gauge goes up.
A pressure cooker is fine for cooking but bad for YOU. The “never deny myself” mentality gets you into more trouble not just from the pressure of being in debt but also stress associated with it all.
Maybe you need to keep up with your neighbors, maybe you think you deserve something, or maybe you just can’t control yourself.
Whatever it is stop. Put yourself on a debt diet so you won’t find yourself…
“Today there are three kinds of people: the have’s, the have not’s, and the have-not-paid-for-what-they-have’s.” --Earl Wilson
David…
It reminded me of a quote I posted recently. “Who recalls when folks got along without something if it cost too much?” --Kin Hubbard
One of the best ways to go through life is to pay as you go. If you got the money you pay the money. If you don’t got the money you don’t buy it.
I think we become entrapped and snared by debt and don’t realize the money we owe is what’s bothering us. The more money you owe the more pressure on you to make those monthly payments.
If you don’t owe money the pressure’s lifted like a release valve on a steam engine.
Debt is like a pressure cooker. A pressure cooker is a large pot that has a top on it that clamps down tight with a pressure gauge on top. As the heat rises (my debt analogy) the pressure inside the pot rises and the gauge goes up.
A pressure cooker is fine for cooking but bad for YOU. The “never deny myself” mentality gets you into more trouble not just from the pressure of being in debt but also stress associated with it all.
Maybe you need to keep up with your neighbors, maybe you think you deserve something, or maybe you just can’t control yourself.
Whatever it is stop. Put yourself on a debt diet so you won’t find yourself…
“Today there are three kinds of people: the have’s, the have not’s, and the have-not-paid-for-what-they-have’s.” --Earl Wilson
David…
Debt Quotes...
“He looks the whole world in the face for he owes not any man.” --Henry Wadsworth Longfellow
“The only man who sticks closer to you in adversity than a friend is a creditor.” --Author Unknown
“Who Goeth a borrowing Goeth a sorrowing.” --Thomas Tusser
“Before borrowing money from a friend, decide which you need most.” --American Proverb
“Wouldst thou shut up the avenues of ill, Pay every debt as if God wrote the bill.” --Ralph Waldo Emerson
“In God we trust; all others must pay cash.” --American Saying
“Creditors have better memories than debtors.” --Benjamin Franklin
“Another way to solve the traffic problems of this country is to pass a law that only paid-for cars be allowed to use the highways.” --Will Rogers
“Debt is the worst poverty.” --Thomas Fuller
“There are plenty of ways to get ahead. The first is so basic I’m almost embarrassed to say it: spend less than you earn.” --Paul Clitheroe
“No man’s credit is as good as his money.” --E.W. Howe
“Who recalls when folks got along without something if it cost too much?” --Kin Hubbard
“Today, there are three kinds of people: the have’s, the have-not’s, and the have-not-paid-for-what-they-have’s.” --Earl Wilson
“Christmas is the season when you buy this year’s gifts with next year’s money.” --Author Unknown.
“When a man is in love or in debt, someone else has the advantage.” --Bill Balance
“Credit buying is much like being drunk. The buzz happens immediately and give you a lift…The hangover comes the day after.” --Joyce Brothers
“Of, for the good old days when people would stop Christmas shopping when they ran out of money.” --Author Unknown.
“The only way to be generous is to be debt free.” --David Dassow
David…
“The only man who sticks closer to you in adversity than a friend is a creditor.” --Author Unknown
“Who Goeth a borrowing Goeth a sorrowing.” --Thomas Tusser
“Before borrowing money from a friend, decide which you need most.” --American Proverb
“Wouldst thou shut up the avenues of ill, Pay every debt as if God wrote the bill.” --Ralph Waldo Emerson
“In God we trust; all others must pay cash.” --American Saying
“Creditors have better memories than debtors.” --Benjamin Franklin
“Another way to solve the traffic problems of this country is to pass a law that only paid-for cars be allowed to use the highways.” --Will Rogers
“Debt is the worst poverty.” --Thomas Fuller
“There are plenty of ways to get ahead. The first is so basic I’m almost embarrassed to say it: spend less than you earn.” --Paul Clitheroe
“No man’s credit is as good as his money.” --E.W. Howe
“Who recalls when folks got along without something if it cost too much?” --Kin Hubbard
“Today, there are three kinds of people: the have’s, the have-not’s, and the have-not-paid-for-what-they-have’s.” --Earl Wilson
“Christmas is the season when you buy this year’s gifts with next year’s money.” --Author Unknown.
“When a man is in love or in debt, someone else has the advantage.” --Bill Balance
“Credit buying is much like being drunk. The buzz happens immediately and give you a lift…The hangover comes the day after.” --Joyce Brothers
“Of, for the good old days when people would stop Christmas shopping when they ran out of money.” --Author Unknown.
“The only way to be generous is to be debt free.” --David Dassow
David…
Tuesday, April 1, 2008
7 days to a new habit
Ready to get into a new habit? Ready to start down the wonderful road to debt free living? Paying off debt is as easy as the 7 day challenge.
Take the $15 dollar a day strategy and apply it for 7 days and you’ll establish a new habit. And as you establish your new habit you’ll pay off all your debt and be on the road to financial wealth.
Once you’ve spent that short little time on your new habit you’ll find yourself more and more excited as the days go by and you see your debt declining.
Take the challenge and do it for 7 days. It only takes 7 to form a new habit.
David…
Take the $15 dollar a day strategy and apply it for 7 days and you’ll establish a new habit. And as you establish your new habit you’ll pay off all your debt and be on the road to financial wealth.
Once you’ve spent that short little time on your new habit you’ll find yourself more and more excited as the days go by and you see your debt declining.
Take the challenge and do it for 7 days. It only takes 7 to form a new habit.
David…
Take the plunge and feel happier ever-after
Today’s post is a wake-up call to all of you who have not begun the great fight and it is a fight. The day you make the commitment and begin to pay off your debt will turn into the happiest day of your life.
I hear from quite a few folks who can’t get started or are afraid of change or worried what will happen if they don’t continue down the road to financial ruin.
It may seem scary to make a change but if you don’t make a change you’ll find yourself not only in bankruptcy. You’ll also find your friends and family avoiding you like the plague.
I’ve outlined a few strategies on these posts to get you started (and also many more in my kit, From Debt to Cash). You and only you can institute the change. I’ve even spoken about how mad you need to get about your present situation.
The madder you get the more likely you are to make a change in your life. If you’re not mad, if you’re not disturbed by your predicament it’s kind of like having a heart attack. If you have a heart attack and survived the Doctor would give you a set of instructions on what to eat, how, and when.
If you’ll take the Doctor’s advice you’ll live a nice healthy life, if you don’t you’ll severally shorten your life.
That’s what debt does to us. Debt gives us a short term sense of a great feeling but when we can’t borrow any more debt turns ugly. It’s like have withdrawals from drugs.
And the reason debt is like a drug is because it makes you feel so good. It’s really cool to borrow money and purchase things you cannot afford to purchase. Until you have to pay the bill at the end of the month.
When you cannot pay the bill your friendly creditor won’t be so friendly anymore. Your friendly creditor will start hassling you and hounding you for money. You see, the Big Bankers want all of your money. When the bankers can’t get your money they get a little upset.
That’s why I recommend you take the plunge today. Start today and get out of debt today. Before you know it you’ll be able to do what most people can’t do because you’ve done what most people won’t do.
Live like the 20% crowd you’ll live longer, healthier, and happier. Take the plunge and feel happier ever after…
David…
I hear from quite a few folks who can’t get started or are afraid of change or worried what will happen if they don’t continue down the road to financial ruin.
It may seem scary to make a change but if you don’t make a change you’ll find yourself not only in bankruptcy. You’ll also find your friends and family avoiding you like the plague.
I’ve outlined a few strategies on these posts to get you started (and also many more in my kit, From Debt to Cash). You and only you can institute the change. I’ve even spoken about how mad you need to get about your present situation.
The madder you get the more likely you are to make a change in your life. If you’re not mad, if you’re not disturbed by your predicament it’s kind of like having a heart attack. If you have a heart attack and survived the Doctor would give you a set of instructions on what to eat, how, and when.
If you’ll take the Doctor’s advice you’ll live a nice healthy life, if you don’t you’ll severally shorten your life.
That’s what debt does to us. Debt gives us a short term sense of a great feeling but when we can’t borrow any more debt turns ugly. It’s like have withdrawals from drugs.
And the reason debt is like a drug is because it makes you feel so good. It’s really cool to borrow money and purchase things you cannot afford to purchase. Until you have to pay the bill at the end of the month.
When you cannot pay the bill your friendly creditor won’t be so friendly anymore. Your friendly creditor will start hassling you and hounding you for money. You see, the Big Bankers want all of your money. When the bankers can’t get your money they get a little upset.
That’s why I recommend you take the plunge today. Start today and get out of debt today. Before you know it you’ll be able to do what most people can’t do because you’ve done what most people won’t do.
Live like the 20% crowd you’ll live longer, healthier, and happier. Take the plunge and feel happier ever after…
David…
Sunday, March 30, 2008
A tip if you're a spender
For all the spenders out there I’ve got a simple tip that will drastically reduce, maybe even eliminate, spending.
There’s two kinds of people, those that spend little and those that spend lots.
Did you know Elton John has filed for bankruptcy? Here’s a guy who makes tons of money but spends more than he makes.
M.C. Hammer made a pile of dough and filed for bankruptcy protection.
Earlier posts I mentioned the “mindset” change you need to make and various ways for you to change behavior.
We all have habits. A good friend of mine (who’s an alcoholic) once told me that when he went to rehab it did wonders to drying him out but didn’t do anything for his “behavior” problem.
In order for my friend to successful give up drinking he had to change his behavior. Here’s the tip of the day for you.
If you are a spender you have certain habits. All you have to do is recognize those habits and you can naturally and easily change.
Maybe it means you leave the debit card and all of your credit cards at the house and carry $2 dollars on you for an emergency.
My alcoholic friend told me he had to change the way he drove to and from work because he had several places he would stop to get alcohol. When he changed his driving pattern it would help him change his behavior.
I’m not going to tell you that it’s as simple as I just described but I will tell you that for many of you it is this simple.
Change your habits by not carrying any money (which by the way, my friend didn’t carry any money, just his cell phone for emergencies)
Recognize your habit, change direction, and starve yourself (don’t carry any money) and within 7 days you’ll have made a major “mindset” change and go along way toward living debt free.
David…
P.S. At the end of the 7 days repeat the process and you’ll eliminate spending money until you’ve paid off your debts.
And debt free living is a great habit to get into…
There’s two kinds of people, those that spend little and those that spend lots.
Did you know Elton John has filed for bankruptcy? Here’s a guy who makes tons of money but spends more than he makes.
M.C. Hammer made a pile of dough and filed for bankruptcy protection.
Earlier posts I mentioned the “mindset” change you need to make and various ways for you to change behavior.
We all have habits. A good friend of mine (who’s an alcoholic) once told me that when he went to rehab it did wonders to drying him out but didn’t do anything for his “behavior” problem.
In order for my friend to successful give up drinking he had to change his behavior. Here’s the tip of the day for you.
If you are a spender you have certain habits. All you have to do is recognize those habits and you can naturally and easily change.
Maybe it means you leave the debit card and all of your credit cards at the house and carry $2 dollars on you for an emergency.
My alcoholic friend told me he had to change the way he drove to and from work because he had several places he would stop to get alcohol. When he changed his driving pattern it would help him change his behavior.
I’m not going to tell you that it’s as simple as I just described but I will tell you that for many of you it is this simple.
Change your habits by not carrying any money (which by the way, my friend didn’t carry any money, just his cell phone for emergencies)
Recognize your habit, change direction, and starve yourself (don’t carry any money) and within 7 days you’ll have made a major “mindset” change and go along way toward living debt free.
David…
P.S. At the end of the 7 days repeat the process and you’ll eliminate spending money until you’ve paid off your debts.
And debt free living is a great habit to get into…
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