There is always emergencies. You might as well plan for them. Going into debt or having a credit card handy “for emergencies” is not prudent planning. There are simple emergencies like car trouble or replacing your broken computer (that you need to work), and then there are the really big ones like job loss. I like the Dave Ramsey philosophy of first getting a $1000 emergency fund...
Counter to all the messaging online about easy success in whatever it is you are looking at, the reality is it doesn’t exist. Starting a business takes time, years, without exception. Every one I’ve created has taken years. Years of struggle. Years of learning. Years of figuring out what it is you don’t know, filling in those gaps, and building the business brick by brick. One...
I like this proverb quite a bit. I don’t think people realize the situation they are in when they owe money. You have this thing hanging over you and everything you do. A pet elephant that needs to be fed. I have made a decision to live debt free. Not only do I not carry credit card debt (paid off every month), I aggressively paid off my house. All large purchases are saved for in advance...
In hindsight, I am so glad I was unable to access debt or credit during my struggling years. At the time I wished I could, I thought it would make my life easier. I see now it would have set a trap that would have been very difficult to get out of. It forced me to be resourceful. Because I couldn’t just charge something to a credit card, I had to come up with other solutions. When...
For a long time I spent what I had. Whatever that was in the bank, or laying around, that was what I had. As I watched those numbers dwindle, I’d try and cut my spending down. But in the end, there really was no plan or strategy. It’s also a fallacy to believe just because you have little to no money, that you are spending that money wisely. I guarantee if you have little money, with...