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The Less You Owe, the More You Live

Can a nation, or a person, run up huge deficits and expect no financial and economic consequences?

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Society conditions us to consume more than we need and to spend more than we make. However, this kind of lifestyle is a recipe for disaster. Taking back control of your finances can help you free up time and make you feel more in control of your life.

Think back to your high school and college history classes: can you recall a nation in the history of the earth that accumulated huge deficits over a prolonged period of time, lacked a concerted effort towards reducing these deficits, yet was able to sustain economic prosperity for its citizens?

Can a nation, in debt for trillions annually, or a person – namely you – consistently run up huge deficits and expect no consequences?  For decades, tens of millions of Americans have accumulated personal debt via credit cards, loans, and other forms of financing. It’s likely that you have some financial debts.

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Subtle Servitude

Sustained deficit spending eventually erodes your ability to prepare for the future, and worse, to capitalize on current opportunities. The more you owe, the more enslaved you are! In Consumerism, Dr. Judith Schor notes that you’ve likely been taught to consume more than you need.

Right now, how would it feel if all your credit cards were paid off? How would it feel if you paid your monthly rent or mortgage several months in advance? How would it feel if your car loan was paid off? How would it feel if you were actually able to pay some of your utility bills for months in advance? For most people it would feel great. You’d feel in control of your time.

We all know the arguments about losing the (minuscule) amount of interest you could have earned if you let your money sit in the bank instead of paying the electric bill three months in advance. Ah, but wait. A month after you’ve paid your electric bill three months in advance, you receive the next month’s bill. Guess what? It shows that you have a huge credit and that nothing is due – you’ll smile when you see these kinds of bills!

A Moratorium on Spending

To reduce your personal debts, place a moratorium on optional spending, regardless of what items entice you, until your credit cards have zero balances.

Now, please, let’s not confuse issues. There is value in paying others to do that which you don’t like to do. These are separate issues. Paying for something that frees up your time is a life benefit. Paying for material things which you don’t need, and certainly don’t save your time, might be satisfying, but ultimately can be draining.

Here are some useful exercises for controlling your checkbook, and hence reclaiming your life:

1. Write out checks to pay bills in advance of their due dates. Then, keep an advance file with a folder for each day of the month. Place the check in a sealed, addressed, and stamped envelope. Then put the envelope in the folder of the day it’s to be mailed. This way the money is allocated in advance in your checkbook, and your bills are paid on time. If your checking account pays interest, you don’t lose interest.

2. Occasionally, overpay the balance on your continuing accounts, or pay early. This gives you the aforementioned psychological boost when you see a credit on your next statement, and gives you a good reputation with your creditors, which is handy!

3. Keep a stick-on note in your checkbook for an immediate reference that lists what’s coming in this month and what needs to be paid. This provides you with a running mini-cash flow list you can refer to at will. Update it every week, or day, if necessary.

4. Review old checkbooks and see what you paid to whom for what. Do the same thing with your monthly credit card statements. Put a red mark next to all those expenditures that you didn’t need to make, or that you could have done without after further consideration.

5. Now, considering expenditures on the horizon, which ones can you do without?

Spend Less, Save More

As author Roger Dawson says, “It doesn’t matter how much money you’re making; if you’re spending more than you take in each month, you’re headed for trouble.” If you spend less than you take in, eventually your debt will decrease, perhaps even disappear.

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Jeff Davidson is the world's only holder of the title "The Work-Life Balance Expert®" as awarded by the U.S. Patent and Trademark Office. He is the premier thought leader on work-life balance, integration, and harmony. Jeff speaks to organizations that seek to enhance their overall productivity by improving the effectiveness of their people. He is the author of Breathing Space, Simpler Living, Dial it Down, and Everyday Project Management. Visit www.BreathingSpace.com for more information on Jeff's keynote speeches and seminars, including: Managing the Pace with Grace® * Achieving Work-Life Balance™ * Managing Information and Communication Overload®



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Business

It is Time for Civil Disobedience

Civil disobedience is the only thing that will get their attention: We will no longer comply

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PolitiCrossing founder Chris Widener talks about why civil disobedience works and why it is time for conservatives to make the decision to no longer comply. Yes, there are ramifications and you need to know what they are and be willing to accept them. No violence. No anger. No craziness. Just civil disobedience. Let the left act out in their criminality. We will be peacefully non-compliant. Watch the video below:

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Family

Being the Dad! Reflecting on Father’s Day

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Dads
1978, Me and My Dad

What a day, for Fathers! Whether you’re a GrandFather, GodFather, Father or StepFather in your title, it’s something special to be a “DAD”! So, If you’re one of those, I’m talking to you!

Today, I’m giving a shout out to all you DADs out there! To the unsung heroes of the family, silently putting themselves out there for the sacrifice and safety of their families.  For the ones investing in your kid’s lives and giving it all for those they love.

We want so much for our kids don’t we? We want them to have a better life, better future, a better world. We really want them to LISTEN to us for their own safety and pass on the wisdom which we learned from our fathers and the many more trips around the sun than they’ve had! We definitely don’t want them to  make the same goofy mistakes we’ve made.

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It’s Tough Sometimes!

It’s not always appreciated though is it being a dad? I get it.  Our kids don’t always appreciate all the work and efforts or the worrying or the love we’ve given over the years until much later in life.

Well, keep doing it dads!  We gotta keep being the role model they need. Dads have to Keep pouring into their lives, if not who will? The TV, social media, bad influencers?   Keep that chin up Dad, It’s worth it.  Maybe not in your expected time, but in God’s timing, have patience and keep, keeping on!

But wait there’s more!

Let’s just say, you haven’t been the best dad. Due to whatever happened or for whatever reason and maybe it’s even your fault; you always have today to change for the better! You have today to initiate the healing, to let forgiveness begin. Plant the seed of love and kindness in their hearts and be gentle with them… Our kids are worth it.  Make those hard, Selfless Changes to “Be the Dad”!!!

Daddy Issues

And for all of us as children, If you haven’t seen or spoken to your dad, reach out, send a note, give ’em a call or better yet a HUG! You too can always make today the day you change for the better for your relationship with your Dad. I’m sure they’ll appreciate it.. Even if they don’t show it all the time!

Nobody needs “daddy issues”!  And, Nobody’s perfect, not even you.  We all suck sometimes and bitterness can build walls better than any contractor out there!  So, send some love & kindness to your Dad. It’s healing for everyone…

That’s a Wrap!

I appreciate my dad! We don’t have some TV picture perfect relationship, but I know he taught me what he could in the best way he knew how. Sometimes working up to three jobs. He loved and loves me and my sisters in the ways he knows how and provided for us always..

So, to all you dads out there, Congrats! Thanks for being the dad!  What a blessing to pass on to your kids showing them the role model they need in life.  Keep it Up! It’s worth it in the end!

That’s all I got for now….. Happy Father’s Day

 

Stephen D. Powell

The GunLife Coach

 

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