You suck at saving.
It’s ok. We know EXACTLY what it’s like to have more month than money.
That feeling of dread and anxiety looking at a pile of mail sitting on the kitchen counter knowing that it’s filled with past due statements and outstanding balances.
You avoid going through it to grant yourself some temporary relief. Even though you know that’s only insuring future problems and more stress.
We know what it’s like to cringe and have your stomach sink when a number you don’t recognize shows up calling your cell.
“Shit, which bill did we have to skip last month”
Living like this is not only damaging your credit and any chance you might have at financial freedom…
…but its also destroying something you may not be aware of:
Your self image.
Debt and financial chaos is a cancer in your life.
It’s cultivating weakness in your mind…
…and if you don’t change something that weakness is going to spread to your heart.
It’s causing you to subconsciously frame yourself as a FRAUD.
All characteristics that will erode your confidence and self esteem.
So how do you flip the script and getcha mind right?
How do you get out of that hell…say bye to Reebok say hi to Chanel? (had to)
Now you’re not the type of person to throw up the white flag and chump out or you wouldn’t be here looking for answers.
So let’s pretend you’ve already checked the 18 or older box and let you into the uncensored side of the post.
1. Where You At?
Bottom line you can’t move forward until you sac up and find out exactly where you currently are.
Here’s how we decapitated our debt.
We stopped fronting on ourselves and started writing everything down:
- How much did we owe and to who?
- What interest rate was the outstanding debt at?
- What was the minimum payment?
- How much income did we generate monthly from ALL sources?
- How much did we currently have in savings and/or investments?
This really didn’t take us long to do. And guess what?
It was a massive weight off our shoulders.
We knew our situation was bad, but being unsure about HOW bad was mentally draining.
With perfect clarity and a firm grasp on reality we were now ready to embark on our mission to massacre mediocrity and fulfill our financial fantasies.
2. Ballin On A Budget
We knew our spending and savings habits were hijacking our hopes for future success.
If we didn’t change them for the better we would by default be slaves to them for the worse.
We began diving into personal development books and seminars on how to structure our savings as well as change our mindset to get ahead.
Books like Rich Dad Poor Dad, Cashflow Quadrant, and the Richest Man in Babylon were all really helpful and gave us a much needed kick in the ass to change our mindset.
As we would soon learn will power and mindset are not enough to change.
You need a system that’s proven!
One you can put on autopilot and isn’t subject to “how you feel” that day.
For the system we used to decimate our $100,000 of debt in 13 months go here!
With our new system in place we were on the right track. Almost.
3. Feed Investments Starve Expenses
It’s easy to let your spending get away from you.
Companies have become increasingly brilliant at marketing everything we seemingly want to us at all times.
These companies likely already have our credit cards and or paypal accounts registered and with the click of a button you can destroy your chances of getting ahead financially.
We chucked up the deuces to stupid frivolous purchases.
We had our outbound expenses on a rope. Total control.
And YES this included reeling in our spending for our MLM business.
You will have uplines, sidelines, and company owners whispering sweet nothings in your ear and painting you pretty pictures of why you should spend your money on:
- Flying prospects to head office.
- Paying for prospects and team members to come to events.
- Spending money to throw absurd contests within your team.
- Renting hotel ballrooms to throw regional events.
Those things can help you grow your business without question.
But is it REALLY helping you get ahead financially? (which is likely why you got in business)
Our rule of thumb is if we throw a contest, event, or need to expend money in some other way in our business that we need to see $100 come in for every $25 that goes out.
If those numbers don’t add up we don’t do it.
4. Follow One Course Until Successful
Nothing will prolong your stay in suckville more than throwing good money after bad chasing multiple business opportunities in attempt to either hedge your bets or trying to get lucky.
The reality is it’s hard enough to make good money in ONE opportunity let alone 2 or 3.
A HUGE part of what allowed us to escape our situation was an unwavering focus on building our primary MLM.
We always knew we would ultimately have multiple income streams from various investments but we understood that if that was ever going to happen that our business required 100% of our focus and energy first.
Opportunity chasing and company hopping is like blue balls for your bank balance.
Exciting initially but ultimately unfulfilling.
It comes from desperation and scarcity. Not strength.
Cut that shit out if you want to get your stack straight.
Don’t be the cautionary tale of the person who had it and blew it. (your rims won’t hold it against you if they don’t spin).
Every time you spend you’re making a choice.
Treat every dollar you send out in the world as little soldiers. If you send them off in the right direction (assets) they will loyally return to you with more money as prisoners. If you send them off in the wrong direction (liabilities) you’re more likely to never see them again.
Since we made the decision to take stock of where we were, change our habits and implement a proven savings system, cut our expenses, and focus like crazy on our primary income stream life seems to keep getting better.
When you decide to live unchained from debt you will enjoy the same sense of freedom and security that we do.
We worked hard, made a commitment, and kept it.
And now we’ve earned the right to have solid foundation to build serious wealth from.
You can prematurely ball till you stall, or follow a better path to prosperity.