5 Rules to Live By

5 rules to live by

Rule Number 1

You can’t save money if you owe money

Rule Number 2

You’ll never get ahead if you borrow to buy the essentials

Rule Number 3

You’ll never get ahead if you live above your means

Rule Number 4

If everyone else is doing it do the opposite

Rule Number 5

The best investment you can make is one that gives you money
Not Costs YOU money

We’ll go through each of these over the next couple of days

David Dassow

Can you tell the boss to shove-it?

I know we’ve all heard that we should have a reserve fund in place any where from 3 months to 6 months emergency money.

But, do you have shove-it money?

What’s shove-it money? There’s an old song called, “Take this job and shove it”

I always liked the song because I like the attitude of telling the boss to ‘shove it’.

Here’s the lesson though. Have you ever wondered what it would be like to have one years worth of expenses in the bank? Have you ever wondered what you could do or say to the boss if you had one year’s worth of dollars in the bank?

Let me tell you. When you have one year’s worth of expenses in the bank you can breath a sigh of relief, you feel better when you go to work, your whole attitude changes.

Now, if you’ve never experienced the feeling of having one year’s worth of expenses in the bank give it a try

You can do it. You can enjoy the idea of telling the boss to “shove it” because you’ve got “shove it” money.

David Dassow

Why not invest in yourself for a change?

You know, it’s amazing how we spend so much of our time worrying and so much of our money on interest from debt we owe that we never invest money in ourselves.

Forget about retirement for a moment.

What about having a couple of bucks in the bank or under the mattress so we can just run away for a few days and not have the debt collectors chasing after us?

What if we could just pay cash for a two or three day trip with our significant other and not worry about the bills?

And I’m not talking about taking the plastic with you and trying to squeeze a few dollars from your credit limits only to go cheap and worry about the credit card clearing when they run it through the machine.

I’m talking about taking several hundred dollars of cash and just having a good time.

That’s what investing in your self is all about. You get to have a little fun for a change and not worry about life in general.

How do I do this you ask?

You start a slush fund now. Use my $15 dollar a day strategy. I often used this line from a guy named Dave Ramsey. He says it differently. My version is:

You can have a little fun tomorrow if you’ll do what nobody else will do today.

Cash is king. Now, go and have some fun.

David Dassow