Is Procrastination. It is an absolute demoralizing rotten, dirty, scummy, worst thing to happen to you. Procrastination will suck the wind right out of your lungs.
The only thing worst than procrastination is not learning from your mistakes. Another definition for insanity is to make the same mistakes over and over again expecting different results.
One last thought on procrastination. It almost invites envy. The more envious you are the more likely you are to procrastinate getting out of debt. Envy is a killer. Envy makes you wish you had someone else’s stuff. Envy makes you think you some how deserve something.
Well, it ain’t going to happen. You might as well get over it because you can’t have what’s not yours and the only thing worse in life is to be jealous of things you don’t have. Quit it right now. Get over it and appreciate what you have.
And eliminate the procrastination and get out of debt. Because if you’ll do what the 80% crowd won’t do you’ll be able to do what the 20% crowd can do that the 80% percenters are all envious at.
David Dassow
Saturday, May 17, 2008
Are you making the same dumb mistake too
A friend, or I should say, someone I really don’t know well told me of a recent experience he had and he was not happy at all.
He had gone to a church early one Saturday morning for a “men’s prayer breakfast” and here’s why he wasn’t happy
He couldn’t pay his car payment and he was looking for money and he wasn’t too happy because he didn’t get any money from the church and he still had his car payment to make.
Are you making the same dumb mistake?
I found it interesting that this guy who doesn’t know anyone at the church was upset because the “free” handout he’s looking for never materialized.
Have you found yourself with a lottery ticket hoping to get something for free? Do you get your hopes up at getting something for “free” or some great game plan to get you out of the debt mess you find yourself in…for free?
Okay, I’ll give you the dumb mistake.
I’ve been exactly where you are. I’ve been in debt so bad I saw no way out of it. When I was in debt so bad my attitude changed and I began to feel like I had a “right” to this or that. That somebody should give me something for free to help me out of the mess I was in.
It was someone else’s fault never my own. If this had gone better or if I just got a raise or came into some money or a relative helped me out or a friend helped me make a payment or THE CHURCH came through with some money everything would be alright.
Well, that’s the dumb mistake. The thinking that if you get something for free everything’s gonna be alright. It’s a dumb mistake because no one, yes no one, got you into your present position except YOU. Look in the mirror…take a good hard look in the mirror.
It’s YOU. You did it. You got yourself into trouble and no one but you can get yourself out of trouble. It’s all up to you and I can guarantee you one thing…
If you find someone STUPID enough to help you out of your present situation you’ll find yourself back in your present situation very quickly because you didn’t pay a THING, not one thing to get out of trouble.
You and only you have to be the one to “work the second job”, to work overtime, to sell stuff, to claw your way out of debt because…when you do it…when it’s done by you…
You’ll actually appreciate being debt free because you actually worked to get debt free…you paid for it. You worked hard to get into debt and you’ll work doubly hard to get out of debt but it will be your work that does it.
You’ll appreciate it even more and will be less likely to go back into debt.
David Dassow
He had gone to a church early one Saturday morning for a “men’s prayer breakfast” and here’s why he wasn’t happy
He couldn’t pay his car payment and he was looking for money and he wasn’t too happy because he didn’t get any money from the church and he still had his car payment to make.
Are you making the same dumb mistake?
I found it interesting that this guy who doesn’t know anyone at the church was upset because the “free” handout he’s looking for never materialized.
Have you found yourself with a lottery ticket hoping to get something for free? Do you get your hopes up at getting something for “free” or some great game plan to get you out of the debt mess you find yourself in…for free?
Okay, I’ll give you the dumb mistake.
I’ve been exactly where you are. I’ve been in debt so bad I saw no way out of it. When I was in debt so bad my attitude changed and I began to feel like I had a “right” to this or that. That somebody should give me something for free to help me out of the mess I was in.
It was someone else’s fault never my own. If this had gone better or if I just got a raise or came into some money or a relative helped me out or a friend helped me make a payment or THE CHURCH came through with some money everything would be alright.
Well, that’s the dumb mistake. The thinking that if you get something for free everything’s gonna be alright. It’s a dumb mistake because no one, yes no one, got you into your present position except YOU. Look in the mirror…take a good hard look in the mirror.
It’s YOU. You did it. You got yourself into trouble and no one but you can get yourself out of trouble. It’s all up to you and I can guarantee you one thing…
If you find someone STUPID enough to help you out of your present situation you’ll find yourself back in your present situation very quickly because you didn’t pay a THING, not one thing to get out of trouble.
You and only you have to be the one to “work the second job”, to work overtime, to sell stuff, to claw your way out of debt because…when you do it…when it’s done by you…
You’ll actually appreciate being debt free because you actually worked to get debt free…you paid for it. You worked hard to get into debt and you’ll work doubly hard to get out of debt but it will be your work that does it.
You’ll appreciate it even more and will be less likely to go back into debt.
David Dassow
Friday, May 16, 2008
70% of Rich Folks Are Debt-Free, the other...
30% have debt in real estate only. Rich folks don’t owe money. It’s not because they are rich that they don’t owe money it’s because they are debt-free.
If you’re going to copy someone, duplicate their philosophy including everything. Most rich folks will tell you that owing money is stupid because you waste so much of it on interest.
Rich people are generous. You can’t be generous when you owe money.
Rich people drive older cars. Rich people do not try to live like they are rich, they already are.
Rich people tend to work hard. They tend to be self-employed. Rich people don’t tend to trade dollars for hours. But, if they do trade dollars for hours they do it with a positive cash-flow. They tend to live below there means. They tend to view their income from this stand-point:
It’s not how much you make its how much you keep. If you make a hundred dollars and spend $90 dollars you get to keep $10.
People in debt tend to make a hundred dollars and spend $110. always getting further behind and always wishing they had more instead of spending less.
Well to do people buy when have the money. They don’t borrow money to buy something. If they don’t have the money they don’t buy the item.
It’s all about your attitude. Get the right attitude and you’ll have money.
David Dassow
If you’re going to copy someone, duplicate their philosophy including everything. Most rich folks will tell you that owing money is stupid because you waste so much of it on interest.
Rich people are generous. You can’t be generous when you owe money.
Rich people drive older cars. Rich people do not try to live like they are rich, they already are.
Rich people tend to work hard. They tend to be self-employed. Rich people don’t tend to trade dollars for hours. But, if they do trade dollars for hours they do it with a positive cash-flow. They tend to live below there means. They tend to view their income from this stand-point:
It’s not how much you make its how much you keep. If you make a hundred dollars and spend $90 dollars you get to keep $10.
People in debt tend to make a hundred dollars and spend $110. always getting further behind and always wishing they had more instead of spending less.
Well to do people buy when have the money. They don’t borrow money to buy something. If they don’t have the money they don’t buy the item.
It’s all about your attitude. Get the right attitude and you’ll have money.
David Dassow
Thursday, May 15, 2008
Celebrate with a Starbucks...
Every time you pay off a bill, no matter how small or large, celebrate it with something small yet desired. A nice cup of coffee, chocolate, dinner, or dessert.
It’s encouraging. It’s helpful. It’s wonderful. It’s fantastic to pay off a bill whether it’s a $300 dollar bill or a $3,000 bill.
Your Psychological well being is important. You must develop a reward system for the results of paying down debt. The reward keeps you going.
If you use my $15 dollar a day strategy you can take a day or two; $15- $30 and reward yourself.
Try it!
David Dassow
It’s encouraging. It’s helpful. It’s wonderful. It’s fantastic to pay off a bill whether it’s a $300 dollar bill or a $3,000 bill.
Your Psychological well being is important. You must develop a reward system for the results of paying down debt. The reward keeps you going.
If you use my $15 dollar a day strategy you can take a day or two; $15- $30 and reward yourself.
Try it!
David Dassow
Tuesday, May 13, 2008
My friend hasn't made a house payment in 5 1/2 months...
And boy is he in for a surprise in six weeks! Here’s a refresher. He moved his family in with the in-laws 5 ½ months ago with the number one goal of paying off all his bills so he could be debt-free.
It started out a little rough. Not with the bill paying but living with the in-laws. Now, they’ve figured out how to deal with the in-laws but he’s gotten lazy at paying down the bills.
Hence the house payment problem. I had suggested to him that he pay his old rent every month. “Just write out a check to a bank (miles away and pretty hard to get the money back out) in the amount of your rent because one day when you move out of the in-law’s house your going to have STICKER SHOCK!
Well, guess what? He didn’t do it. In our last meeting I asked where he’s at on his bill pay-off schedule. He originally planned on paying everything off in 6 months. It’s not going to happen! And, when I again suggested he pay rent June 1 he was reluctant to do it.
Now, I don’t know about you but taking my advice or not is the issue. The issue is not sticking with the game plan. If they move out in 6 weeks (one month beyond the original plan) he won’t have paid off all his bills.
Yes, he paid off some, but none of the cars. In the mean time both him and his wife and the kids have a whole lot of new toys.
You can have what no one else can have if you’ll do what no one else will do. This comes from Dave Ramsey and I agree with him 100% with one minor addition.
If you live life debt free you can afford to be generous and you reduce a whole lot of stress and make your life enjoyable and simple.
David Dassow
It started out a little rough. Not with the bill paying but living with the in-laws. Now, they’ve figured out how to deal with the in-laws but he’s gotten lazy at paying down the bills.
Hence the house payment problem. I had suggested to him that he pay his old rent every month. “Just write out a check to a bank (miles away and pretty hard to get the money back out) in the amount of your rent because one day when you move out of the in-law’s house your going to have STICKER SHOCK!
Well, guess what? He didn’t do it. In our last meeting I asked where he’s at on his bill pay-off schedule. He originally planned on paying everything off in 6 months. It’s not going to happen! And, when I again suggested he pay rent June 1 he was reluctant to do it.
Now, I don’t know about you but taking my advice or not is the issue. The issue is not sticking with the game plan. If they move out in 6 weeks (one month beyond the original plan) he won’t have paid off all his bills.
Yes, he paid off some, but none of the cars. In the mean time both him and his wife and the kids have a whole lot of new toys.
You can have what no one else can have if you’ll do what no one else will do. This comes from Dave Ramsey and I agree with him 100% with one minor addition.
If you live life debt free you can afford to be generous and you reduce a whole lot of stress and make your life enjoyable and simple.
David Dassow
Monday, May 12, 2008
Backsliding is a necessary evil...
A recent conversation I had with a friend netted some disturbing results. He’s had some huge opportunities to finish off his debt and be debt free but he’s backslid.
You’ve heard me say before that when you’re in the middle of paying down debt new found money seems to appear from nowhere. It might be a tax return, over time, promotion, or anyone of a number of unexpected things but the result is…
You get found money.
What you do with that money can be a real temptation. It’s easy to resort back to what got you in trouble in the first place. Here’s a reminder. You got into trouble because you’re spending more money than you have.
It’s tough love. But it’s true. The road to debt free living can be difficult if you’re not focused or you backslide for different reasons.
It can be tough to stay focused, to stay mad, as your situation improves but you gotta do it. You’ve got to stay MAD and FOCUSED!
If you don’t you’ll end up like my friend. He’s about to get a dose of reality when his new found money disappears and he’s back to square one. The difference this time will be his sense of defeat.
As you’ve heard me say, get MAD, get real MAD. Stay FOCUSED, stay real FOCUSED in your debt plan because you can do it.
Now, go do it.
David Dassow
You’ve heard me say before that when you’re in the middle of paying down debt new found money seems to appear from nowhere. It might be a tax return, over time, promotion, or anyone of a number of unexpected things but the result is…
You get found money.
What you do with that money can be a real temptation. It’s easy to resort back to what got you in trouble in the first place. Here’s a reminder. You got into trouble because you’re spending more money than you have.
It’s tough love. But it’s true. The road to debt free living can be difficult if you’re not focused or you backslide for different reasons.
It can be tough to stay focused, to stay mad, as your situation improves but you gotta do it. You’ve got to stay MAD and FOCUSED!
If you don’t you’ll end up like my friend. He’s about to get a dose of reality when his new found money disappears and he’s back to square one. The difference this time will be his sense of defeat.
As you’ve heard me say, get MAD, get real MAD. Stay FOCUSED, stay real FOCUSED in your debt plan because you can do it.
Now, go do it.
David Dassow
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