Rapid ways to make money and get out of debt

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My husband and I completed Dave Ramsey’s Financial Peace Course two separate times. What can I say, we’re slow learners.

But we’re not alone: the average credit card debt load in U.S. households is nearly $16,000. Thanks to Dave Ramsey and our own commitment to building a wealthy mindset, we are well below the household average to now $0.

We make it our focus to rapidly pay off our credit card debt. The solution we keep refining is preventing it in the first place. The leading trigger for household debt is unplanned medical expenses. More than a 1/4 of American households have difficulty paying for medical care, according to the Kaiser Family Health Foundation.

abba, moneyThe irony of the blogs you read giving you tips on how to make money and make it fast, work under the assumption you are in good health and you have the energy to take on an extra job.

So, if you don’t feel good enough to get a job delivering pizzas as Dave likes to recommend, what are some other ways to rapidly raise cash?

Here are a few ideas:

Sell what you have:

  • Pawn some unused electronics, guns, or jewelry. The risk is you might not get the item back if you can’t get it out of hawk, but it’s better than running up the credit card debt. Pawning your goods is less labor intensive than a garage sale.
  • Sell unused gift cards. The Gift Card Exchange kiosks will trade your card with a $20 minimum balance, for a voucher minus its fees for you to exchange for cash at the retailer where the kiosk is housed.

Borrow your own money:

  • Some retirement plans will allow you to take a loan out on yourself. While the money isn’t in the account making a return for you, you are repaying YOURSELF with interest. Doesn’t that sound better than repaying the bank or the credit card company with interest?
  • Borrow from your own life insurance policies. Some whole life, or permanent life, policies will allow you to borrow a certain amount, which you have your WHOLE life to repay. If you don’t get it repaid, the insurance will still pay out the amount of the policy, minus what you borrowed.
  • Do you have a stash of savings bonds you’ve been saving up for a rainy day? If they have reached their term, then you might consider cashing them in because after 30 years, they no longer earn interest.

Increase your income:

If you’re not feeling well, then you might not be up to getting a part-time job outside of the home. No worries. With technology, you can earn money from your bed if you need to. Some ways to do that could be:

  • Freelance writing or building a blog. If you have a unique health situation, then sharing your story to a niche audience may help them while it’s helping you. You may not earn a lot of cash the first day, but if you keep at it, you will overtime. And, you will learn a new skill which you could market to business owners who are too busy to keep up with their own blogs.
  • If you live in a house with a nice-sized yard, then you can dog sit for people who are traveling. Just be sure to check your city’s ordinances before providing this service.
  • Rent out a spare room. This might be mutually beneficial if you’re not feeling well. Knowing another person is within ear shot could give you peace of mind. Even better is if you have educational centers which offer nursing programs. Nursing students or traveling nurses would LOVE the low-cost living arrangement you could offer in exchange for their checking up on you.

Cut your monthly expenditures:

  • We had our car and home insurance company review our plans. During our requested audit, we learned that the company hadn’t given us all of the discounts for which we were eligible. It was an “oversight” on their part. They retroactively paid us over $300 and we lowered our premiums more than $100 each month.
  • If you need the extra cash, you will muster the discipline to change cell phone plans. It’s nice to have all the bells and whistle on your phone, but they’re not necessary. If you start a side business and can show proof of your business structure, you could qualify for cell phone business plans, which can run about $100 a month with unlimited voice, text, and internet.
  • Consolidate your debt and look for introductory rates for credit cards. But a word of caution, make sure you mark it on your calendar when the introductory rates end, or you could find yourself owing more than when you started.

While spending money seems to occur more rapidly than making money, take heart. You do have options to keep yourself from drowning in debt. New Thought, Right Action is here to help you develop the skills and mindsets you need to achieve your financial goals.

via Daily Prompt: Rapid

Addiction abruptly ends lives, but there’s always a New Thought, Right Action to choose

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road not takenI attended the funeral of a 20-year-old man last week. He died from complications associated with addiction. It was several years of struggle for his family as they helped him navigate resources to manage this chronic, relapsing brain disorder.

The funeral home was packed with nearly 200 friends–many of them the same age and most of them struggling with the same chronic, relapsing brain disorder. The friends who were currently sober talked about their anger at this illness and how it abruptly changed their life. In the early days of abusing substances, an altered mental state is a positively enhanced experience over the highs and lows of common everyday life. But, then, the highs or the check out from reality changes abruptly and something which an individual has had control over is suddenly controlling them.

If complete abstinence isn’t achieved from mind-altering substances, then people with this illness can have many years of long, drawn-out mental and physical suffering from the illness. Once a person has passed the stage of recreational substance use to addiction, there is no alternative street substance to use.  And, unfortunately, as long as the years are for the relapsing stage it almost always ends abruptly.

I’m sure the grieving phase for the man’s family will last the rest of their natural lives. It may lessen in intensity but the abrupt loss has left its mark which cannot be undone.

If you or someone you know is ready for an abrupt change to save yours or someone else’s life, then please connect with us. We have resources available to help you live a life of New Thought, Right Action.

Love and light,
Brenda

 

via Daily Prompt: Abrupt

Astonish yourself with the right questions

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questionsAsking the right questions can provide you with astonishing answers about living your life to its full capacity. Starting your morning with five questions can prompt you to begin your day in a powerful and positive state, according to an exercise in Anthony Robbins’ Personal Power II: The Driving Force program.

So you remember your questions, write them down and keep them on your bed stand, tape them to your mirror, or have them as a note in your phone. Each morning for 30 days, read these questions and come up with two answers for each question.

These are the questions I developed for myself:

  • What can I do to be of service to at least one person today and enjoy the process?
  • What can I find to be grateful for today?
  • What actions can I take today that demonstrate I love myself and enjoy the process of loving myself?
  • What can I find to laugh about today?
  • Who do I love and who loves me?

In Anthony’s Personal Power II Success Journal he lists these questions:

  • What am I happy about in my life now?
  • What am I excited about?
  • What am I proud about?
  • What am I enjoying most in my life right now?
  • What am I committed to in my life now?

What are the questions with which you can astonish yourself by answering them?

via Daily Prompt: Astonish

Set a smart goal and be vague about it

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SMART GOALS

Be
S pecific
M easurable
A ttainable
R elevant
T ime bound

not vague when you are establishing goals for yourself. “I want to lose weight,” is a vague goal. “I plan to lose 10 pounds by my high school reunion in May” is a SMART-oriented goal.

An outline on paper will allow you to reflect on what a SMART goal looks like. Questions to help you think through the five areas of a SMART goal include:

Specific: Be a journalist and ask the five “w” questions. Who is this for and who needs to be involved? What do we want to accomplish? Why are we doing this? Where will the goal be achieved? Which resources will we need?

Measurable: How often will you  measure success. For example, if you want to lose 10 pounds, will you weigh myself daily or once a week? If you want to complete a training module, how may sessions should you complete in a day or a week?

Attainable: Most of us want to be millionaires and that may be a goal that can be attained eventually. But if you need a million dollars by 2 p.m. tomorrow, then you may be setting yourself up for disappointment.  Also, be careful about setting goals that other people have power to approve or deny. If you plan to borrow a million dollars from the bank, then be prepared for them to tell you no if you don’t meet their good credit criteria.

Relevant: You have a higher chance of achieving your goal if it’s a goal you want to achieve. So, ask yourself if this is the right time and if you’ve got the energy and motivation to achieve it.

Time-bound: The brain focuses more when a deadline is set for achieving a goal. So take out the calendar and manually circle the date you want to have your goal completed by. For example, if you want to earn a master’s degree, then find out what all the required courses are plus any required practicums and internships and write down your graduation date. This will give you a realistic view of what your time investment will be to achieve your goal.

One final thing about a goal, though. When you’ve decided on your goal, don’t talk about it. Be vague. In research about this phenomenon, a study documented that people who were praised for working on a goal lost motivation to achieve it because their identity was then tied to the goal. Others often mistakenly praise an individual on personal qualities, rather than process approaches. So, if a person is praised for how smart they are and then they don’t do well on a test, then that sets up a negative feedback loop and prompts a person to be less motivated to try harder on the next test.

So, identify your goals and be vague in sharing them with others but SMART in achieving them.

 

 

Parallel career choices may be the best move

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If you’re in a position to make a choice in your career, logic tells us the best move is a vertical, rather than a parallel one. Even in parking your vehicle, given the choice between parallel parking and head-in, which is a better, less time-consuming maneuver?

Carparking-memeBut like in developing our driving skills, a parallel move or a lattice supported approach in career development, may be the best decision in moving out of a comfort zone. Vertical or head-on parking is the easiest maneuver, but parallel parking will hone your driving skills, for certain, especially on a busy city street with other drivers queued waiting for you to get your car parked.

The high-achiever brain thrives on challenge. Boredom is the Achilles’s heel of many people and can lead them to compensate for it with a set of unhealthy distractions. It’s better financially for you if you can stimulate your brain with on-the-job training and have someone else pay for it.

Now, sometimes a toxic work environment may make it seem any move to escape is best. With a little patience, supportive coaching, and determination, though, I know you can wait just a tad longer to make a move that best serves you. Even within the same company, one work group may have a different culture than another. Making a lateral move within your current workplace will develop a perception from others of work stability, rather than a job hopping resume.

No matter whether “it’s just a jump to the left or a step to the right” the parallel move may be the best for you in stretching you out of your comfort zone.

 

Frank the Crank

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Photo by Odssey

Photo by Odssey

Frank was a crank
He sat in a cubicle
And picked at his cuticles
While hearing the expletives
Of all of the defeatists.

Frank was a crank
because he didn’t know
if he would rise high or low
in his pursuit of success and money
while he drank tea with milk and honey.

Frank was a crank
and he took heavy breaths
while he jumped to the depths
of  selling and burning out his soul
only to fill up his boss’s cup and  bowl.

Frank was a crank
but he stood up one day
and looked through the fray
and decided he had had enough
so he packed up his cubicle and took all his stuff.

Frank was no longer a crank
because he reset his mind
and came up from behind
as he built a life with his own determined goals
and filled to the brim his own cup and bowls.

The Power of Your No

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Your mom tells you “no” for a reason when you’re a kid. She’s looking out for your welfare and she knows what you’re like to live with when you’re over-tired. But now that you’re a grownup, it’s your job to figure out what to say yes to and what to decline.

As you’re building a professional reputation, telling your requestors a plain “no” or “because I said so,” in “Momese” could be viewed as impolite. It takes courage to say no if you have a “people pleasing” tendency, yet setting a limit on others dependent demands may be the kindest thing you do for someone all year-long.

A way to confirm whether you’re taking on something that’s not yours to take on is ask yourself a simple question: “Am I doing something for someone else that they’re perfectly capable of doing themselves.”

If the answer is “yes,” then your answer to them might need to be “no.”

In the personal arena, people have difficulties saying no to themselves, much less to other people. Look around, credit card debt is negatively affecting a generation’s ability to retire without taking on a job and obesity is a public health issue. If you feel conflicted about saying no to others, perhaps it’s best to start with yourself.

Limiting your own over-indulgences may be the best “no” you give yourself and could potentially improve, if not save, your life by preventing a host of health issues, especially stress.

As James Altucher writes in his book “The Power of No” learning the well placed “no” can free you to say a “truly powerful “Yes” in your life—one that opens the door to opportunities, abundance, and love.”

Here’s a list of 20 ways to say “no.”

just say no