Rat-In-A-Wheel or R-A-D-I-C-A-L!!!

Hello Thursday!! Just a little insight, Thursdays have always been my favorite day of the week ūüôā Almost into the weekend and still time to get things done!

Okay, so the title of this post was meant to get your attention. Did it work?? I am throwing a radical idea out today.

Right smack dab in the middle of the consumer culture of christmas, I want to speak a minute about where we’re getting to with our financial goals. Do you ever feel that you work hard all day and when that paycheck comes in you sit down to send it all back¬†out? A rat in a wheel spins that baby all day long and is tired from the exercise but really didn’t go anywhere.¬†I’ve been there, done that.¬†I’ve felt the stress of juggling due dates of bills vs. when the paycheck comes in. I’ve longed for the purchase of some item I just had to have, and it seems the only way to buy it is on a monthly payment. Where was I getting to with this lifestyle?
Enter the world of the radical for a minute. This is when it’s time to get control of your money instead of it controlling you. How about the first¬†moment of clipping your credit cards and never again using their Capital to Chase your future into the American Distress?¬†How¬†would you like open and honest communication¬†and assistance from your spouse on¬†handling the finances as a team?¬†What about the power of walking into the store buying exactly what you want and not having to do any mental math on how it affects your checking account?¬†What if your¬†mailbox seems to be emptier every time you check it from paying off those little nagging medical or store credit debts?
Go in your mind to the drivers seat of your paid for car. I guarantee it will drive better. Then remember that you’ve freed up another $300 or $400 dollars per month. Where did that go? Now it’s time to see a balance of savings piling up in your emergency fund. How about the moment that your car’s tranny goes out and you get to decide to put in a new one with cash or just pay cash for a whole car instead? What about the understanding that your retirement will be well funded because you made strides today that your 65 year old self will love you for?
Finally, (and I love this one ūüôā What about pulling into the drive of your paid-for home, having been living debt-free for several years, and this is the night that you decide to write a 5-figure¬†check to anonymously help a family in¬†need. You can relate to the stress this family is under. This money is extra, above and beyond what you need for yourself.¬†Then you have the power to drop a money-bomb on them and¬†change their futures forever…¬†Radical? Yes. Possible? Absolutely!
In the world of the radical there are some sacrifices and things to be cut back on. You will and should feel¬†weird about some¬†of the changes you’ll make.¬†There are huge gains to be enjoyed¬†from stepping off of the revolving hamster wheel and starting to use your energy to propel yourself truly forward. I hope this little journey has been fun. The real thing REALLY is fun. I can attest to that.
I hope your holidays are going great. I am offering discounts and lots of free material on my website for you to utilize, please take advantage of them as you step toward a Radical new lifestyle!
“True Nobility is not about being better than someone else. It’s about being better than you used to be.” – Dr. Wayne Dyer

Sincerely,

Aaron Nichols

True North Financial Fitness Coaching
aaron@truenorthffc.com
http://www.truenorthffc.com/
785-218-6134

Free 30 Minute Financial Analysis – No Obligation – Completely Confidential

Shop More, Save More & A Toilet Seat

Good Morning, Happy Thursday & Thanks to all the Veterans and those who’re serving and their families today!

Even with only an antennea to bring TV into the house, I’ve noticed that the Christmas ads are starting to pop up quickly. The Retailers are hitting those emotional buttons and we’re probably starting to feel excited and nostalgic about the holidays to come… This reminds me so much of a story of a Toilet Seat, told by Russ Carroll, the man who was with Dave Ramsey from the beginning. I heard this first hand while attending Counselor Training at Dave’s home offices in Nashville, TN.

Anyway, the Toilet Seat Story goes something like this: At Russ’ house (which I’m positive is VERY nice) they needed to replace a broken seat on the throne in a guest bathroom. He checked around the local ads and knew that Home Depot usually had revolving sales on things. He wanted to save money. Yes, many rich people are rich because they know how to do this! Read The Millionaire Next Door by Tom Stanley. When he went to Home Depot and asked the clerk if toilet seats ever go on sale. The clerk replies, “Nope. A toilet seat is a Need. We don’t advertise and discount Needs.”

Wow. Come to think about it, do we Ever see something that is truly a Neeeed shown on one of these fancy holiday only ads. How about the Target or Wal-Mart Black Friday Flyers? Do we sometimes see those ads and convince ourselves that a Want has now become a Need? This is exactly the intention of those retailers, and they are absolutley Awesome at transforming our emotions! If we Needed it, they wouldn’t be advertising it and it wouldn’t go on sale because those items are carried in every store and the price is already competitive, like when you buy a toilet seat.

Okay, so Christmas should be fun and meaningful and we should buy some Wants and put smiles on little kids’ faces and enjoy seeing them play and be happy. If you really want to create blessings with your gifts, they cannot be burdens to your financial status. Paying all year for last year’s gifts with credit card bills just plain takes the fun out of Christmas. Families who practice “buy now, pay later” for gifts have very little chance of having extra income to save and invest for emergencies and their future.

Here’s some bullet points to incorporate in your holiday shopping.

  • Decide AHEAD of time how much money you Have available to spend for gifts.
  • Decide the max price you have for each person/gift you are going to buy.
  • Then decide on the gift type.
  • Do LOTS of online shopping and ad scouring for the lowest price on the item you already decided you wanted to buy.
  • Don’t let the ad tell you what you want to buy.
  • Use CASH

Then, Enjoy Christmas to the fullest knowing that it is all paid for and you don’t need to have the New Year’s Resolution to “Get my credit cards paid off ASAP”!!

Thanks for reading this post. I appreciate every person out there and love sharing these thoughts with you. Remember, these ideas are coming from a Debt Free Dude, so I also live what I’m writing. Thanks!

Sincerely,

 

Aaron Nichols
True North Financial Fitness Coaching
785-218-6134
aaron@truenorthffc.com
http://www.truenorthffc.com/

Free 30 min Financial Analysis – No Obligation – Completely Confidential

Swap a Swipe

Happy Thursday and THANK YOU for checking back in with my blog!

Today’s update is gonna be Quick and Dirty! No fancy pics or flowery descriptions. I want to switch up the focus for this one.

Usually I’m expressing the “Why’s” of the journey to debt freedom. Usually we’ll have examples of the reasons to, and feelings obtained by bringing your finances under your control, instead of being under theirs.

Today, I’ve got a quickie challenge for you. This is one small step in the right direction. I’m sure that anyone reading this, can incorporate this one little adjustment into their habits.

Swap A Swipe! There are purchases you’re making on a daily or weekly basis that are just part of the routine. Is it coffee and a donut on the way to work? Or maybe grabbing lunch out with friends on a Friday? How about Happy Hour Drink at a certain Drive-In? Probably the biggest weekly purchase for most families would be groceries. Do you use plastic to make these purchases? If it is debit or credit, studies have shown that we have a different emotional response when we swipe a piece of plastic vs. handing over cold hard cash!

So, the challenge is this. Think about your “normal” expenditure for one of these weekly purchases. Take out that same amount in cash and put it in an envelope in your car, purse or wallet and label it coffee, lunch, Sonic, groceries, you get the point.

Then, leave your plastic in the car or at home when it is time to make that purchase.

Whip out your envelope. Hand those green bills over. See if it feels any different.

My guarantee is this. If you create this envelope, promise yourself you’ll only spend what is in it for that purchase, and follow through, it will be impossible to overspend. Now, we didn’t change anything about your buying habit, except the method of payment. I know that this one small step is something we can all incorporate into our day-to-day life.

I use envelopes all the time and love it. My clients begin to use them and feel power over their money instead of it having power over them. Give it a shot, what have you got to lose??

Post your ideas here on the comments page or on the True North FFC Facebook Page. I would love to hear what you decide to use cash to buy instead of the card.

“Children do what feels good. Adults devise a plan and stick to it!” – Dave Ramsey

Sincerely,

Aaron Nichols
True North Financial Fitness Coaching
785-218-6134
aaron@truenorthffc.com
www.truenorthffc.com

Free 30 Minute Financial Analysis – No Obligaton – Completely Confidential

Out of Order and Backwards

Happy Thursday and welcome back to Ready for Better. Thanks for being here!

“I Owe, I Owe, So Off to Work I Go!”

Anyone relate to this quote?? I’ve put together some of my roadtrip pictures to help illustrate our Out of Order and Backwards way that most of us are using to handle our finances… I have lived this way for many years, so please know I am speaking first hand!

Ahh, Oregon, Beautiful Trees and Driving…

Oh the doowdeR’s – How majestic!

The odaroloC and hatU border, one of my favorite stops ūüôā

Facing South down the coast… Wait a min, shouldn’t the Ocean be on my right??

Okay, Okay, these photos have been mirrored and are all out of order!

Like the pictures above, we sometimes like the overall colors of our financial situation. It is nice and even pretty because it is ours and we created it, even in it’s backward-ness.
When we choose to buy-now and pay-later, or purchase on credit, we have flipped backwards the natural order.
Have you ever heard this? “The rich rules over the poor, and the borrower is slave to the lender.” Proverbs 22:7 – Really think about that SLAVE word.
When we head off to work in the morning, what are we usually doing… Earning an income to pay for our basic needs of course, but those are only part of that reason. What about consumer debt in the form of credit card bills, student loans, car loans, or maybe a HELOC (Like I once used to buy a 4-wheeler!!)? These all represent moments where we were backwards in our purchasing process.
Working because we owe a lender their monthly payment for something we bought weeks, months or years ago is exhausting. There is no way to get ahead in this system.
The thunderstorm of commercials and marketing we have dumped on us every day, convince us we are smart to choose the backward system of credit. Zero percent interest, 90 days same as cash, and double airline miles are all efforts to seduce you by companies who know how to really make money. Who is getting the best deal when we choose to buy now and pay later?? They do of course, they understand the “Borrower is Slave to the Lender”…
If we first work, then save, then purchase an item, we have returned to the natural order. At that point we are slave to no one and can choose to live our days as we would most like to. Planning forward with savings and then truly owning the stuff in our life, opens up the doors to financial peace and a wealthy future.
Are you Ready for a Better life than debt has brought you so far? Does this message stir any emotion? If so, that is good, because it means that there is hope for you to find freedom and release the chains of consumer debt.
You are special. You work too hard to not be getting ahead. You are worth it! It requires sacrifice to climb out of debt, and when we sacrifice, we are blessed with fantastic results!“Debt gives you the ability to look like you’re winning, when you’re not.” – Dave Ramsey

Sincerely,
Aaron Nichols

True North Financial Fitness Coaching
785-218-6134
Free 30 Minute Financial Analysis – No Obligation – Completely Confidential