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Getting Out of Debt: Easy Concept, Hard Execution

THE DEBT DANCE METHOD OF GETTING OUT OF DEBT IS EASY–IN THEORY:bigstockphoto_Waterfall_in_the_forest_756089

DECIDE WHAT YOUR OVERRIDING DREAM OR GOAL IS.

EXAMINE HOW YOU CAN TRIM YOUR SPENDING.

USE THE 3 TIERED METHOD TO ALLOCATE YOUR MONEY:

  • First PAY THE GOTTA’S: MORTGAGE, INSURANCE, UTILITIES, MINIMUM DEBT PAYMENTS, CAR PAYMENTS, MEDICAL, CHARITY.
  • Second PAY YOUR DREAM: MAKE AN EXTRA PAYMENT ON A CREDIT CARD, START SAVING FOR A DOWN PAYMENT ON LAND YOU WANT TO BUY….
  • Third LIVE ON WHAT’S LEFT: GROCERIES, DINING OUT, CLOTHES, ENTERTAINMENT, ETC.

Sounds wonderful but it may Read the rest of this entry »

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God Bless Haiti

It has all been said but I will say it again.

Bless each and every child.

Bless those in pain.

Bless those hidden, lost, dying.

Bless those who have lost their loved ones.

Bless those without hope.

Bless each worker, give him and her strength.

Bless Haiti not just today but next week, and next month, and next year.

Bess us all for the dear brothers and sisters now gone.

Bless Haiti.

Rainbow

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More Money: How to Focus and See Real Results

I have 452 messages in my three email accounts. About one eighth of these I have not read yet. But, I’m going to. At least 30 of them are things I need to act on. Or remember. So, I save them.

About another fourth are offers for ebooks and links to sites I want to visit, interviews I want to hear, etc.  And I will…Sometime. When I’m not so tired. When the house is quiet. When I have time…

But, if I’m honest with myself, there’s really only one word for the situation:

OVERLOAD!

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It’s just too much. Waaaaaay too much.

If we’re in debt, and/or if we’re not pulling in the amount of money we want, we are probably experiencing similar overload in terms of why things are the way they are. We could probably make a very long list as to why we’re in debt and/or not making more money:

  • we eat out too much
  • credit card interest is killing us
  • we go shopping for emotional reasons
  • the car is constantly breaking down
  • we don’t know how to xyz so we can’t earn more money
  • we’re afraid to start a business–what if we fail
  • it’s the kids/my spouse/the government’s fault.

And the list goes on and on. It’s like being pitched 12 baseballs at once and trying to hit a home run.

So, how do we focus?

Choose one. It could be the easiest one to deal with or the hardest (most of us prefer to start a certain way–the most difficult or the least difficult. Either will work.)

It could be the one causing the most damage.

But choose only one and then do this:

EVALUATE YOUR THOUGHT PROCESS:

  • “I don’t know how to program so I can’t get a job at the University”
  • Why haven’t I learned this in the past?
  • I failed at it once and I don’t like doing it. I really hate programming.
  • What does this mean?
  • I may not like the job at the University.
  • How else could I achieve working at the University or making more money?
  • I could take a course in something else, like graphic arts. I love graphic arts and they have a big program at the University. Maybe I could eventually teach!

Once you have dissected the issue you must work at it for several weeks before you will settle into the new way of thinking or the new behavior. Like a new pair of shoes or a new bed, you have to get your groove in there.

It takes about 3 weeks to develop a new habit.

The good new is that it ONLY takes 3 weeks to develop a new habit. In three weeks time you could be making major renovations to your life!

The key is to

  • identify the pieces of the puzzle that are defeating you, stressing you out, and getting in your way of living your dream
  • choose one
  • peel off the layers so you can see what’s really happening with the issue (sometimes we need counsel to help us do this!)
  • find a way to change it or alleviate it that you will really be happy with.

There’s an old saying that people do what they really want to do. Design your new life with things you really want to do and you will be infinitely successful.

Best wishes.

NOW HERE’S ONE OF MY FAVORITE FUNNIES:

John invited his mother over for dinner. During the meal, his

mother couldn’t help noticing how beautiful John’s roommate was. She had long been suspicious of a relationship between

John and his roommate, and this only made her more curious.

Over the course of the evening, while watching the two interact, she started to wonder if there was more between

John and the roommate than met the eye. Reading his mom’s thoughts,

John volunteered, “I know what you must be thinking, but I assure you, Julie and I are just roommates.”

About a week later, Julie came to

John and said, “Ever since your

mother came to dinner, I’ve been unable to find the beautiful silver gravy ladle. You don’t suppose she took it, do you?”

John said, “Well, I doubt it, but I’ll write her a letter just to be sure.”

So he sat down and wrote “Dear

Mother, I’m not saying you did take a

gravy ladle from my house, and I’m not saying you did not take a

gravy ladle. But the fact remains that one has been missing ever since you were here for dinner.”

Several days later,

John received a letter from his

mother which read: “Dear Son, I’m not saying that you do sleep with Julie, and I’m not saying that you do not sleep with Julie. But the fact remains that if she was sleeping in her own bed, she would have found the

gravy ladle by now. Love, Mom.”

Lesson of the day: Don’t lie to your

mother.

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More Money: 18 1/2 Tips on How to Save Money and Change Your Life

1.Decide what you really, really want out of life. Your dreams may look something like this:
–Good health.
–No more credit card debt.
–A bigger/beautiful house.
–Travel.
–College fund.
–Retire in five years.
–Start a business.
–Buy a home in the mountains.
–Quit my J.O.B. and work from home.
heights

What do dreams have to do with saving money?
A lot! To be successful at saving money we need a strong reason–a compelling “why”–to make changes in our lives. Saving money is the power to channel our money where we want it in order to create the life of our dreams.

2. Devise a spending blueprint to get what you really, really want.
I call this a tiered plan as you have three levels of items:
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–A. The Gottas: mortgage, insurance, utilities, a categorized emergency fund, debt payments (minimums), medical.

–B. The Dreams: extra debt payment, money toward selling your current house, a deposit in your travel fund. Note: by making these dream or goal categories a priority over other spending you will create what you want. Paying for your dreams first makes your hopes and desires come to life.

–C. What you can control: this is paid for by whatever is left from your first two tiers and includes food, dining out, entertainment, clothes, gifts, etc.

Making a plan for what you really, really want can help you make choices that will change your life.
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There cannot be a stressful crisis next week. My schedule is already full.

This title is a quote from Henry Kissinger.
Priceless.
I have been feeling a great deal of stress lately, for many reasons.

First, I got an updated bill from my husband’s student loans. It was much greater than I thought it was and the payments are about $300 more than I thought they would be.

Second, a business deal I’ve been very hopeful about (actually I was dancing a Rumba around the house about it much to my 13 year old’s dismay. Don’t know why she was pulling the blinds down…) is now teetering on the edge.

Third, my other websites (TwoPennyCat.com and LacteezeStore.com) are not producing right now and I find myself checking them many times a day feeling upset each time.

Fourth, I’ve had a medication change and this has resulted in an increase in my migraines. I now wake at 3:00 every morning with a hum dinger and have for about three weeks. Blast!

If you’re familiar with the movie Ice Age I have been like the little squirrel with his acorn. I have been jumping here and there, trying one thing and then another, trying to squeeze more money out of this turnip and that one, trying to find new revenue sources…bigstockphoto_lazy_squirrel_111165-1 I’ve been reading debt blogs like crazy and hearing tales of disaster that have weighed me down–more than I realized.

Then at 4:00 in the morning yesterday I Read the rest of this entry »

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