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Unlimited Spending Cripples Families, as Well as Nations

Sustained deficit spending eventually erodes your ability to prepare for the future and, perhaps worse, to capitalize on current opportunities.

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Joe Biden and company, supported by the U.S Senate, including 19 turncoat GOP senators, is delusional when it come to spending money. A couple trillion dollars here, and a couple trillion dollars there, and soon enough you are condemning future generations to live a life of servitude to the Chinese.

American society in general is predisposed to conditioning us to consume more than we need and to spend more than we make. This kind of recklessness is a guaranteed recipe for disaster. Taking back control of your finances can help you to be 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.

Silent 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 The Overspent American, Dr. Juliet 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!

Halt the 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.

Let’s not confuse issues, however. 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?

Save More, Spend Less

As noted author and speaker 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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And Then There Were Three: A Look at the Three VP Finalists

Here are the pros and cons of each…

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**The Red Report: A Conservative Perspective on Potential VP Picks for Donald Trump in 2024**

Check out Chris Widener’s new video looking at the three VP finalists. A deeper look in print below the video!

As the 2024 election approaches, the political landscape is abuzz with speculation regarding who Donald Trump will choose as his running mate. Three names frequently mentioned are JD Vance, Doug Burgum, and Marco Rubio. Each of these potential vice-presidential candidates brings unique strengths and a conservative vision that aligns with Trump’s agenda. Let’s delve into the qualifications and appeal of each candidate from a conservative viewpoint.

**JD Vance: The Outsider with a Powerful Narrative**

JD Vance, author of the best-selling memoir “Hillbilly Elegy,” has emerged as a potent force in conservative politics. His life story, rising from poverty in Appalachia to becoming a successful venture capitalist, resonates deeply with many Americans who feel left behind by the political elite. Vance’s candidacy embodies the American Dream, making him an inspirational figure for a broad swath of the electorate.

Vance’s conservative credentials are robust. He is a staunch advocate for economic policies that prioritize American workers, a critical issue in the Trump agenda. His focus on revitalizing manufacturing and curbing the influence of globalist policies appeals directly to the heartland voters who were instrumental in Trump’s 2016 victory. Additionally, Vance’s critique of Big Tech aligns with the increasing conservative sentiment against Silicon Valley’s unchecked power and perceived biases.

In the Senate, Vance has proven to be a strong voice for conservative values, consistently advocating for pro-life policies, Second Amendment rights, and a strong national defense. His ability to articulate these positions with clarity and passion makes him a formidable candidate. Vance’s outsider status, combined with his eloquent advocacy for the working class, would complement Trump’s message and broaden his appeal.

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**Doug Burgum: The Businessman and Problem-Solver**

Doug Burgum, the Governor of North Dakota, is another compelling choice for Trump’s running mate. Burgum’s background as a successful businessman before entering politics mirrors Trump’s own journey, suggesting a natural synergy between the two. His experience in leading a state with a strong economy and low unemployment rates demonstrates his capability as an effective administrator and problem-solver.

Burgum’s governance style emphasizes fiscal responsibility, limited government, and economic growth—core tenets of conservative ideology. Under his leadership, North Dakota has seen significant advancements in technology and energy, particularly in oil production. Burgum’s expertise in energy policy would be invaluable in an administration committed to achieving energy independence and reducing reliance on foreign oil.

Moreover, Burgum’s pragmatic approach to governance, coupled with his ability to implement conservative policies effectively, showcases his potential to appeal to a broader electorate. His calm demeanor and focus on results over rhetoric could provide a stabilizing influence, balancing Trump’s more combative style. This blend of business acumen and political effectiveness makes Burgum a strong contender for the vice-presidential slot.

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**Marco Rubio: The Experienced Statesman**

Marco Rubio, the Senator from Florida, offers a wealth of experience and a deep understanding of both domestic and international issues. As a former presidential candidate and a prominent figure in the Senate, Rubio’s extensive political background would bring a seasoned perspective to the ticket.

Rubio’s conservative stance on key issues aligns closely with Trump’s platform. He is a vocal advocate for tax cuts, deregulation, and strengthening the military. His expertise in foreign policy, particularly in relation to Latin America and China, would be an asset in addressing complex global challenges. Rubio’s Cuban heritage and his consistent support for freedom and democracy resonate with many Hispanic voters, potentially broadening the Republican base.

Rubio’s communication skills and ability to articulate a clear, conservative vision make him an effective campaigner. His youthful energy and commitment to conservative principles would appeal to both the Republican base and independent voters. Moreover, Rubio’s legislative accomplishments and his work on bipartisan issues demonstrate his ability to navigate the complexities of Washington, D.C.

In conclusion, JD Vance, Doug Burgum, and Marco Rubio each bring distinct strengths as potential vice-presidential picks for Donald Trump in the 2024 election. Vance’s compelling personal story and advocacy for the working class, Burgum’s business background and effective governance, and Rubio’s extensive experience and foreign policy expertise each offer unique advantages. From a conservative perspective, any of these candidates would complement Trump’s vision and enhance his chances of securing a victory in 2024. The choice will ultimately reflect Trump’s strategic priorities and the direction he wishes to take his campaign and administration.

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Bite-Sized Motivation

The insights or wisdom we need to get us going often don’t have to be more than a few words

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I’ve spoken to 1075 audiences at conventions, conferences, and meetings, and have had the opportunity to hear probably 800 other speakers as well.

The insights, perspectives, or wisdom we need, to get us going often don’t have to be more than a few words. Here are 52 of my own six word “speeches,” drawn from my keynotes and breakout session on the topic of work-life balance. Some of these likely will resonate with you:

Choose from what you already have.
Everyone needs breathing space, especially you.
Information overload obscures meaning and relevance.
Deep breathes are essential for well-being.

Make every day an organized day.
Allow your natural rhythms to rule.
Stay confident and in control daily.
Manage your time, manage your life.

Slow down to plot your course.
Look for the best in others.
Make yourself indispensable on the job.
Compete with yourself, not with others.

Learn to take control of today.
Manage your time to make time.
Take control of your desk clutter.
You’re the best when you’re fresh.

Do something to take control now.
Major projects often require a jumpstart.
Methodically pare down your paper piles.
Don’t attempt too much at once.

Evaluate your situation and what’s important.
Narrow your priorities to stay focused.
Avoid making promises you can’t keep.
Learn to embrace your many talents.

Take the time to become organized.
Become aware of how you react.
Arrange your space; help isn’t coming.
Manage the flat surfaces in life.

Periodically challenge yourself to perform better.
Take long, deep breaths as needed.
Reclaim your places, spaces, and graces.
Start big projects well in advance.

Don’t rush the truly important things.
Make the best use of today.
Schedule accordingly: plan for your future.
Be kind, cut yourself some slack.

Opportunity knocks, but are you answering?
Conventional wisdom has diminishing value.
When practical, substitute time for money.
The market for top talent lives.

The self-reliant survive and thrive.
Leadership requires forethought and super-vision.
Learn from and capitalize on mistakes.
Firmly face the future with confidence.

“Now” holds a lot of opportunity.
Control but don’t curb your enthusiasm.
Treading water won’t propel you forward.
Have you ever really tested yourself?

Life goes on; do your best.
Continually seek out the higher ground.
Luck is distributed evenly, but disguised.
You must be doing something right.

 


 

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