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Entries for the ‘Personal Finances’ Category

Do Your Books Balance?

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 If your books don’t balance you can’t blame it on anyone else!

I was sitting at a local restaurant trying to read a book in preparation for a meeting and a guy at the next table kept talking to me. He was an old guy talking about this watch he found and trying to return it to get a few dollars, which he obviously needed, then went on to his Dad etc etc. He really didn’t care if I was paying full attention but I couldn’t help hearing him out of the corner of my attention.

Then out of the clear blue he said, “If your books don’t balance, you can’t blame it on anyone else!”

All of a sudden all my attention went to that statement. I’m not sure why, but it seemed so out of place and as I considered the statement, I realized how profound it was.

“If your books don’t balance you can’t blame it on anyone else!”

Of course this is true at face value, but as I meditated on the wisdom of this simple principle, I realized it can apply to a lot of areas of our lives.

How often do I blame circumstances, how others have treated me, or just plain bad luck when things are not going my way; instead of taking personal responsibility for choices and decisions that I have made that put me in the situation? A lot!

I am going to purpose to live more by this principle of personal responsibility so that I can take control over my circumstances, make better choices and actually have a positive effect on the future.

So just remember, when life is throwing you a curve….

If your books don’t balance you can’t blame it on anyone else!


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Everyone wants “something—-” but….

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Key Life Principle!

Everyone wants something, put whatever something is in this space, but no one wants to change.

There is a very basic law of life that is true for business, personal issues, spiritual life, everything.  What is it?

We have a God given power over unlimited opportunities to change and determine our future, from now as far forward as we can imagine… Its the Power of a Choice!

But… The consequences of choices are set – unchangeable – like laws of nature.

However , our problem often is we keep doing the same things, making the same choices and try to change the consequences. This is very important, so let me repeat…

We try to change our circumstances by trying to change the consequences of our choices instead of changing our choices! This does not work.

Einstein defined insanity as doing the same thing over and over and expecting different results. I think a lot of us operate in our daily lives on the edge of insanity.

So here is our takeaway..

We need to change our choices if we want to change our realities of life.

1) Be careful who you listen to. Don’t listen to fools/failures or you buy into their lifestyles.

2) If you have a goal or vision you want to achieve, pick someone who is successful at that thing and make the same choices they make, do what they do.


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Financial Turnarounds – 7 Secrets

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I can give you the number one proven successful, guaranteed to work, secret to financial freedom!

Interested? Who wouldn’t be!

If you want long term personal financial freedom, you don’t have to read any more of my blog posts. You can skip the latest blockbuster book or seminar or web course. 

Tape this on your refrigerator and live by it every day.

Guaranteed to work. And best of all…. its FREE!

Do this and you are on your way to being the Millionaire Next Door, the Rich Dad, the Money Master,the …. OK, you get my point – here it is:

Spend less than you make and do it a long time!

That’s it! This never fails!

I can’t take credit for this tidbit of wisdom, it comes from my friend Ron Blue who has written best sellers and counseled thousands in ways to Master Their Money.

The trouble is we have all this stuff that gets in the way and we are not starting from a blank sheet of paper. Our personal novel already has several chapters written and the financial damsel is usually in distress, tied to a rail with the train barreling down the tracks.

So you are probably stuck with going through the Financial Turnarounds7 Secrets with me.


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Financial Turnaround- 7 Secrets to Financial Freedom…

 The Great American Spending Spree is Dead!

You need to look at this…

                                         1986              1996              2006

US Savings Rate                  8.2%              4.0%              0.4%

We have been spending at an unsustainable rate. The average American household has $10,000 of credit card debt on 9 different credit cards. The typical American family spends 110% of what they make! The current economic crisis has ruined the retirement prospects of millions of Baby Boomers, eliminating billions of dollars of wealth almost overnight.

If you are like me your school did not train you on how to manage your money. It was never discussed at home, except how much you got for an allowance or overhearing your parents argue about money troubles. Now money troubles are following you. Perhaps they have gone from lurking eerily around the dark corners to actively sucking your lifeblood dry.

More marriage troubles are caused by money problems than any other issue. Money is at the root of all sorts of stress, fear and depression.

But you can discover the powerful secrets to financial success and financial freedom!

1. Discover the power of ZBB

2. No Target = Failure

3. You must Master your cash or be Enslaved to your debt- The Best Budgeting System ever devised

4. Forsake consumer debt- credit cards to cars

5. Save for major purchase in advance and live in a completely paid for home

6. Build your own Personal Brand

7. Recruit the Magic of Compounding- Investment returns for yourself and others

More will be coming on each of these secrets and how to implement them successfully into your financial future.


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Proven Method to Turnaround-Get Out of Debt and Reach Financial Independence

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Are credit cards and other debts eating up your hard earned money and creating unbearable stress in your life?

Need a TURNAROUND!

Although my career has been in business finance and management, I found the principles I used to turn troubled companies around to be just as successful in turning personal finances around.

I have read many books on personal finance and have taught seminars and even done one on one financial counseling though our church with couples. In all the materials I have seen, none give this next foundational secret to solving every financial problem. It has never failed with scores of families (and several companies)!

So what is this secret principle?

Change what you are paying attention to!

Huh?

Yep! Change what you are paying attention to!

Here is what I mean.

Financial problems are always made up of many smaller problems. These probelms accumulate over time and then all of a sudden seem to spring up from nowhere. But the “springing up” is just when the many small issues build up to a point that something breaks. A mortgage payment is missed, a surpise medical bill comes through, or a job is lost. Suddenly more and more bills can’t be paid and the phone starts to ring and collectors become more and more persistent.

The standard way to respond is to pay attention to the most intense collection process at the time. This may solve one problem but other new ones begin to form and fester. The cause of the problems in the first place has to been solved! Other old problems go from small problems to bigger and bigger ones. More new problems start.

Over time the total financial problem grows and grows and grows. This is the wrong way to solve any financial problem!

Paying attention to individual problems and responding to the ones with the most pressure at the time simply causes a Financial SNOWBALL to grow and begin rolling downhill. This Financial Snowball picks up speed and more small problems and its momentum gets faster and more powerful rolling down that hill.

So if this is the wrong way – what is the proven successful right way?

The right way to solve a personal (or business) financial problem is to draw a line in the sand and say “NO NEW PROBLEMS!”

Your time, attention and energy needs to be given totally to not creating any new problems.

In the financial arena the line is drawn in the sand and you create no new problems when you set up a ZERO BASED BUDGET (ZBB).”

You develop a ZBB when you reach a break even point on your bottom line so you are creating NO NEW DEBT.

Then you move the slope of your personal finances from downhill to a level slope. The ZBB is your line in the sand.

In the few weeks, I will go into more details about creating a ZBB and how this gets you out of debt at a surprisingly fast way.

Perhaps you or a friend could use some help in getting out of debt. Why not share this post with them and stay tuned for more help!


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