…the World Needs You!

October 18, 2010 2 Comments

Often I’ll hear someone talking about how they wish they could solve the many problems in this world.  Their concerns sound genuine and heartfelt; “It’s so terrible what’s happening in Africa!  Those poor children, I wish there was something I could do.”

They wish there was something they could do, but…

…the money, the time, my family…job, house, school.  It isn’t our fault we can’t save the world…just look at our list of responsibilities!  They’re the reason!!!   We scroll through the archive in our mind, finding countless reasons why we can’t, each a reminder that we have other priorities and obligations that need to be met.  We convince ourselves that it just isn’t possible to escape the commitments.  It doesn’t take long before we’re using our excuses as a waiver of liability. 

Even though we want to help, somehow we’re comforted in knowing that we can’t.  It was a nice thought, anyway.

Have you ever thought to ask yourself whether or not that long list of ”responsibilities” isn’t really just a fairy tale?  A bunch of lies that you tell yourself so you’ll never need to deviate from the routine or step outside your comfort zone?  Let me ask you this: if you’re afraid to expand your horizons and challenge yourself to move beyond your comfort zone, are you really living…or simply existing?

When I hear people trying to justify why they can’t [whatever], I think about the people who can, who are and who did.  What if Martin Luther King, Jr had said “I have a dream, but…”, or if Gandhi never was the change he wished to see in the world?  What if all the people who ever changed the world, hadn’t?

All around us are everyday people doing extraordinary things.  Maybe you’ve heard of Albert Lexie, or maybe you haven’t.  He earns $10 an hour shining shoes.  Since 1982, Albert has donated all of his tip money to the Children’s Hospital of Pittsburg…more than $150,000.  Albert is only one example of countless people across the world whose actions could inspire a nation.  Each day people are being the change.  They, too, have a dream…

How would your life change if you were to quit making excuses?

Instead of just wishing there was something you could do to help the people of the world, without any excuses holding you back you are free to dig wells in Africa so the people can have access to clean drinking water.  If Africa isn’t your thing, you can volunteer at a soup kitchen in your own city and help feed the hungry.  Get involved!  Don’t waste another moment wishing you could help.

It’s time to quit making excuses, not only for yourself but for the world.  We need you!

Filed under Attitude, Behavior, Freedom, Goals, Happiness, Inspiration, Motivation, Opportunity, Passion, Potential, Prioritizing

I Wish I Could Do That

October 9, 2010 7 Comments

I’d like to discuss a passage from Chris Guillebeau’s book The Art of Non-Conformity:

Almost every time I head out on an international trip, I end up talking with someone who expresses an interest in doing the same thing.  Their statement is usually something like “Wow! I wish I could do that.”

Here’s the thing: I realize that there are plenty of people out there who are not able to travel or make the same choices I can.  Having lived in the poorest countries in the world for four years, I know many of them personally.  Most of the people I interact with now, however, as well as most of the readers of this book, don’t fit into that category.  The people I talk with now who tell me they “wish” they could do something but feel unable have usually made a number of choices that prevent them from doing what they wish.  They have chosen to prioritize other things above their stated desire.

Some of them, I’ve noticed, can even seem a bit resentful of those who step out in a different direction.  When I offered to help a friend plan an upcoming trip to Europe, she eagerly accepted.  But then she said, “You know, not all of us can just take off and fly around the world like you do.”  I laughed it off and helped her anyway, but her offhand remark stayed with me after our conversation had ended.  As I thought about it later, I realized that the statement reflected a common form of jealousy.  This friend made more than $80,000 a year and certainly could have afforded to travel anywhere she wanted, but it wasn’t her priority.

As you begin making more and more of your own choices, you’ll encounter feedback like this fairly often.  Many people are uncomfortable with change and different ideas, and they’ll work hard at rationalizing their own choices when they come across someone who has made different ones.  I’m not saying it’s a bad thing for someone to prioritize a life around working at the office and buying things for their home.  I’m just suggesting that they openly acknowledge that as the priority.

I’ve heard the same comments.  “How can you afford to travel so much?” and ”I wish I could travel like you do.”  Each time Erin and I would announce plans for our next trip, we’d hear all the same questions again and again.  Like Chris, at the time of the conversation, we’d laugh them off but also like Chris, the words stuck with us and after a while, even though we wanted to share our excitement, we felt as though we were being criticized for our decision to travel and stopped telling people about our upcoming plans.

When people first asked us how we could afford to travel, I tried explaining to them that our priority is travel, everything else is secondary.  Eventually it dawned on me that these people don’t want to know how I can afford to travel.  They don’t care about frugality or avoiding debt and, as Chris points out, they’re just jealous.

Our decision to live life on our own terms is something that many people cannot understand.  Shouldn’t we be getting married, having children and buying a house?  That isn’t the path that either of us is interested in taking at this point in our lives.  We want to see the world and experience all that it has to offer.  “Nine to five ’til ya die” isn’t the motto I wish to live my life by.

I’ve said in the past that we should pursue our goals ruthlessly and without apologies but that seems hypocritical while I sit in silence, afraid to share my excitement with the world about my upcoming adventures.  I will not apologize any longer for living my life by my rules.

The other day when I was talking about doing handstands, I eluded to upcoming travels but left you wondering where they might be.  The fact of the matter is, at that time, we weren’t comfortable sharing our plans.  The comments, the questions…they get old after a while.  Today, after reading the above passage from Chris’ book, I really don’t care anymore what anyone thinks about my life and my choices.  Erin and I are doing what makes us happy.

And we’re going to Europe in January!

We’ll arrive in Paris on New Year’s Eve to watch the fireworks in front of the Eiffel Tower and from there we don’t have any plans for two weeks.  We’re in the process of negotiating an “itinerary” but haven’t made any commitments.  The only reservations we’ve made are in Paris for the holiday weekend.  After that, we’re going wherever the wind may take us and I’ll be doing handstands all over Europe!

Next time someone asks me how I can afford to travel, maybe I’ll ask them a question of my own: “How can you not afford it?”

Filed under Attitude, Freedom, Life, Prioritizing

Just Do It: Five Steps to Create the Life of Your Dreams

August 14, 2010 4 Comments

Now that I’ve moved away from my hometown, I use Facebook to keep my friends and family up to date on what I’m doing.  Whenever I travel somewhere or do something exciting (like skydiving or rock climbing) I post pictures of my adventures on my profile.  Almost every time I post a new photo album, someone leaves a comment about how they wish they could do the things that I do, claiming they don’t have the time, the money or that their responsibilities as a parent or employee hold them back.

They’re wrong! And if you think you don’t have the time or money, or that your obligations are limiting your opportunities, you’re wrong, too!  The only thing preventing anyone, including you, from doing anything is the willingness to make it happen; to Just DO It! The doors are open and opportunity awaits anyone willing to reach out and grab it.  There are no gatekeepers preventing you from living the life of your dreams. You don’t have to ask anyone for permission.  The world is your oyster!

How!? How can you begin living the life of your dreams…RIGHT NOW?

Make a Choice: What do you want out of life?  Do you dream of hiking the Appalachian Trail or living in a foreign country?  Whatever your desires, if you ever hope to see them through to fruition you must make them your priority.  If you want to travel, choose to make it a priority.  Want to become a writer?  Choose to make it a priority.  Inside each of us there is an “on” switch that we must flip.  Make a choice, flip that switch, commit to your goal and pursue it ruthlessly, without hesitation or apologies.

Stop Dreaming: Dreams bring inspiration but dreams and inspiration will only get you so far.  If you ever want to accomplish anything, you must move beyond the visions in your head.  Dreaming, hoping and wishing don’t produce results.  Burgess Meredith in Grumpier Old Men said it best:

You can wish in one hand and crap in the other and see which gets filled first.

Stop Making Excuses: There’s an excuse for everything and guess what, all of those excuses suck.  An excuse is just a way of justifying inaction due to fear.  It’s easy to say “I can’t” if you can blame it on some externality that you “aren’t able” to control.  It’s not easy to admit that you’re afraid of stepping outside of your comfort zone.  It’s so much easier to blame your situation on money, time or the kids.  And since those excuses are so universally accepted in our culture, no one is going to call you out on any of them.  No one, that is, except me.  All of your excuses are bullshit. You know it and I know it.  Stop making excuses, you won’t live forever.  These guys aren’t making excuses.

Prepare: Want to quit your job?  Sit down, take an honest assessment of your financial situation and create a plan to shore up any weaknesses you find.  Create a budget, eliminate all extraneous expenses, get out of debt, build your savings.  Prepare yourself in real ways that will help you to succeed.  No matter how much you hate your job, hate alone isn’t going to set you up for success.  Do something positive each day with that emotional energy, then smile as you walk through the door because you know that you are one day closer to walking away for good.

Take Action: Preparation leads you in the right direction but, like dreams, can only take you so far.  Once you reach a point where all the preparations have been made, it is time to take action.  Action creates change.  Change brings about opportunity.  Don’t count on luck to bring you the life of your dreams.  “Luck” is just opportunity presenting itself to those people who are prepared to act upon it.  You can create your own luck by taking action towards accomplishing your goals.  Want to become an artist?  Paint.  Want to learn a foreign language?  Take a class.  Want to travel the world?  Buy a plane ticket.  Action is the only thing that separates dreaming from reality.

Creating the life of your dreams isn’t difficult, it just requires dedication, determination and a willingness to step outside of your comfort zone to take calculated risks.  Success isn’t guaranteed, but failure only comes to those who quit. Turn your dreams into reality, make the choice to make it happen.  Give up the excuses and prepare for success.  Create a new reality; the reality of your dreams.

Filed under Attitude, Freedom, Goals, Inspiration, Life, Motivation, Opportunity, Passion, Potential, Preparation, Prioritizing, Success

The Life You’ve Always Wanted?

August 8, 2010 10 Comments

We all have our ideas of what the “perfect life” would be like but often the images in our mind are a far cry from the reality we are living.  If you were able to travel back in time and ask a younger version of yourself if this is the future they’d choose for themselves, what would their answer be?  Twenty years ago, could you have envisioned the life you have today?  Is it everything you’d imagined or have your dreams evaporated into thin air?

Chances are, the life you are living today is nothing like the life you expected to have.  You sold your ideals for a dollar bill.  Why?  “Because that’s just what adults do.” We have to make a living to pay the bills.  There’s food to buy and television to watch.  How are we supposed to save the world when we’re up to our eyeballs in debt?  The mortgage isn’t going to pay for itself, is it?

“It is what it is.” There’s no time for dreams.  Dreams don’t pay the bills or put food on the table.  Our younger selves didn’t understand what it meant to be adults.  We have obligations now and we’ve built our lives around some idea of what it means to be a “responsible adult” in today’s world.  What we ended up with is a career that steals our time and energy, a mortgage that drains our income and debt from all the Stuff we bought to furnish and decorate our home.  We have many thousands of dollars in Student Loans and a couple of cars to pay for.  Oh yeah, and the credit cards…

It looks like being an adult isn’t all that we’ve been led to believe.  All of our lives we’ve been told that adults are “responsible”, implying that it’s somehow more virtuous to fall in line and follow the leader than it is to follow our youthful ambitions.  The “responsible” thing to do is find a job, get married and have children, buy a house and a couple of cars, then keep your nose to the grindstone until it’s finally time to retire.  When that day does come, we hope that our health will last long enough to enjoy the life of our dreams; the life we’ve been waiting our whole life to live.

And what has it all amounted to?  A garage full of Stuff we never really needed in the first place, kids that seem to resent our very existence unless we’re buying them something, a spouse that we barely seem to know anymore and a huge house we aren’t able to enjoy because we are at the office earning a paycheck to pay the mortgage.

Sure, we have all the Stuff we could ever imagine.  We drive nice cars and wear nice clothes.  Our home is decorated like a magazine cover and on the weekends we are able to relax with a cold beer in the backyard.  On the surface things seem wonderful.  A little deeper though and things don’t look as good anymore.

What are we sacrificing to create this image of the “perfect” life?  Our time, our energy, our sanity?  If the average person starts working fresh out of college at the age of 22 and retires at 67, that’s 45 years of life sold for a dollar bill.  We’re trading our life to fill our garage with junk, for a heap of metal to take us to a job so that we can pay for that same heap of metal.

What if there were a different way?  What if you didn’t have to spend your entire life working?  Would you do it?  If you knew that in 10 years you could be financially able to walk away from your job with enough money to pay for all your expenses, would you have the ambition to make it happen?

There is a way, it is possible!  The only problem – of course there’s a problem – is that to get there, you have to minimize your spending and save.  “But that’s Un-American!” Our entire lives we’ve been told to “get out there and boost the economy.”  After the attacks on September 11 we were told to go shopping as a way to stand up against terrorism.  Does that mean we’re supporting terrorism by saving money?  Of course not!

What I’m talking about isn’t a new concept.  It isn’t impossible.  It’s been done before and it’ll be done again.  And not just by a few outliers but by many thousands of people.  Will you be one of them???

What’s the secret?

Live Frugally: Cut your expenses to the bone.  Anything that doesn’t offer real value to your life is out.  That might mean going without a contracted cell phone, cable television, TiVo or Netflix.  Find alternatives or other ways to occupy your time.  It may seem impossible now but you can live without these things.

Get Out of Debt: You can’t be financially independent when you’re in debt.  Get out, get out, get out! By adopting a frugal lifestyle, the extra money you’re able to save can be applied towards eliminating your debt.  After you’ve saved up enough money to cover six months of living expenses, every penny should be thrown at your debt.

Save: Once you’ve paid off the last of your debt it’s time to save like never before.  It may take you a few years, maybe even ten or 15, to save enough money to become financially independent but that’s better than 45 years!

Invest: This is where the magic is!  With the money you’ve saved, you can invest it into conservative investment vehicles which will pay you interest in fixed intervals over a specific length of time.  If you’ve saved and invested enough, this interest will cover all of your monthly expenses.  Now your money is working for you, not the other way around!

If you’d like to learn more about the process outlined above, I recommend checking out the book Your Money or Your Life by Vicki Robin and Joe Dominguez.

Filed under Book Reviews, Budgeting, Career, Consumerism, Debt, Employment, Family, Freedom, Frugality, Goals, Investing, Lifestyle Engineering, Money, Opportunity, Potential, Preparation, Prioritizing, Retirement, Savings, Spending

Guest Post: Credit Cards, Fancy Cars and Caviar

July 3, 2010 2 Comments

The following is an article written by Brandon Bailey.  Brandon’s blog, Adventure Deficit Disorder, is about enjoying life in the present, simplicity, and seeking adventure.  If you enjoy this article, check out his blog and be sure to sign up for free email updates!

As humans, we are horrible at knowing what will make us happy.  From a psychology standpoint, we generally avoid actions that will inflict some kind of pain or suffering and actively pursue what we think will make us happy.  In our modern capitalist culture we have been socialized to think the consumption of goods will make us happy.

But does it?

On a recent trip through Aspen, Colorado I found myself falling into a sort of trap.  Seeing the smiles on the faces of all the beautiful people drinking expensive wines on restaurant patios, the flashy cars rolling through the streets and the gorgeous ski-in ski-out mansions made me envious of the wonderful lives these people seemed to live.  Then I started asking myself questions like,  “Why am I envious of such a lifestyle?”, “Are these people really as happy as they seem?”, “How do so many afford a lifestyle of such luxury and extravagance?”

Envy is a powerful emotion.  According to British philosopher Bertrand Russell, “envy is one of the most potent causes of unhappiness” because it reveals our self-perceptions and desires in relation to others.  At a time when the MTV-lifestyle is seen as the epitome of success and credit cards are readily available, we (or at least people under 35) have been taught to think we need - and deserve – a celebrity lifestyle.  This kind of entitled attitude is dangerous and despite having previously explored a high-life image of expensive dinners, exclusive parties, “celebrity” friends, penthouse apartments and European cars, only to discover that I was more unhappy than ever, I still find myself occasionally drawn in by the Siren’s song of the high-life.

A few years ago it dawned on me how absurd and unsustainable such a lifestyle is while in the VIP section of a nightclub with several well-known NFL players.   I found myself surrounded by so-called beautiful people, wearing oversized watches embedded with diamonds - one more extravagant than the next, drinking bottles of champagne costing several hundred dollars each.  I could feel envious eyes peering in from beyond the red velvet ropes – wasn’t this what I was supposed to aspire to?  MTV and other social indicators told me so, but I couldn’t have felt any more like a fraud.  After I left the club that night, early and alone, I never heard from any of my “friends” again, confirming that I had made the right choice to walk away from that lifestyle.   Through this experience, I now realize that the so-called happiness derived from living this type of lifestyle is fleeting and only surface deep.  

In the subsequent years I’ve discovered that by cutting my expenses, not increasing my earnings, I have more time and freedom to pursue the same things I enjoyed and dreamed about as a kid.

So what did I cut?

Big nights out.  Dinners at trendy restaurants.  Drinks into the early morning hours.  These things can add up to big bucks.  A nice dinner here or there with people that you really enjoy is perfectly fine, if not important, but should not be a lifestyle.

The wardrobe.  I can’t figure out why anyone really needs multiple pairs of jeans or shirts that are exactly the same (especially t-shirts that cost upwards of $100).  If you are worried that people will notice whether or not you wear the same thing every day, they won’t.  Think you will never have enough clean clothes?  You will.  Clothes are rarely legitimately dirty after one wearing.  Donate anything you have not worn in a year, even if it is a “nice” article of clothing that you “forgot about”.  You probably won’t wear it again anyway.  When getting new clothes, buy things that will serve multiple purposes and can be worn year-round.

The fancy car. This doesn’t mean we should all drive a beater - a car should be safe - but it does mean that having a car that is losing value faster than Lehman Brothers is going to hurt you.  For some reason people seem to forget that cars depreciate and are therefore not an asset.  You’ll also save on insurance and registration if the car is even just a few years old.  Better yet, ride a bike.  Gas is expensive.

The cable. According to the A.C. Nielsen Co., the average American watches more than 4 hours of TV each day.  That is 28 hours each week and 2 months of nonstop TV-watching per year!  In a 65-year life, that person will have spent 9 years glued to the tube.  Figuring in a fixed average cable bill of $71 per month for those 9 years ($71 x 12 months x 9 years) you would save $7,668 just by cutting out cable.  If you think you need television for news or entertainment, try going without it for a little while.  Suddenly that extra 28 hours per week will be obvious.

So how do so many people afford a lifestyle of such luxury and extravagance?  Well, many don’t.  If you follow the news even just a little, you’ve probably heard that the average American carries more the $8,000 in credit card debt.  According to Liz Pulliam Weston at MSN, this isn’t entirely true, claiming that 50% of credit card users owe $8,000 or less.  Still, 1% of the 84 million American households who have at least one credit card owe $21,400 or more – that’s 840,000 households that have racked up some serious credit card debt.  Additionally, as of May 2010 there were 2,082,113 foreclosed homes in the US.  In some states, the foreclosure rates are as high as 1 in 78.

As for the smiles, fancy cars, and castles in Aspen - it’s mostly surface deep and difficult to maintain.  Credit cards are maxed, the fancy cars are just for show, and the ski castles are for sale.  There are a lot of $30,000-millionaires out there living lives well beyond their means who will never achieve the freedom to pursue their childhood dreams.  Don’t be one of them.  Cut your expenses to get the time and finances for doing the things you really want.

Filed under Consumerism, Debt, Freedom, Guest Posts, Money, Prioritizing, Spending

The Borrower is Servant to the Lender…Maybe Not?

June 3, 2010 3 Comments

I have $31,829.47 in Student Loans.

Even though my loans are in deferment, I am paying these loans back while still in school.  As I mentioned last week, I am paying $350 each month towards this debt.  I’ve been crunching the numbers and came up with some scenarios.  At the current rate of repayment, it will take 9.3 years to repay the loan in its entirety.  By increasing the monthly payment to $450, I can have the entire balance of the loan paid off in 6.8 years, a full two and a half years earlier.

In order to reach my original goal of paying off $14,417.68 by next year I would have to pay $1,246.19 each month.  In as few words as possible, “It ain’t happenin’.”  If I were to eliminate all travel expenses (estimated at $3,000 to $5,000 a year), as some readers have suggested, it would take 4.8 to 3.6 years to pay the loan off in full.  By giving up travel, I could cut the loan time practically in half.

Maybe of more concern than the length of the loan is how much money can be saved.  The interest accrued on the loan when payments are $350 a month comes to $9,363.24.  Adding $100 a month would reduce the interest charges to $6,634.26, a difference of $2,728.98.  The accrued interests at $600 and $775 are $4,637.04 and $3,444.60, respectively.  The savings on interest charges could be as much as $5,918.64.

I could be out of debt in 3.6 years and save myself $5,918.64 if I eliminated all travel and applied the money towards debt repayment.  That really sounds great but the question becomes, “At what cost?”

Should money be the only consideration when getting out of debt?

The benefits of paying down the debt as quickly as possible are obvious and living with debt limits our potential.  Debt forces us to make decisions based on servicing our financial obligations rather than making choices that will bring happiness and satisfaction to our lives.  We are slaves to our lenders.

Or so we’ve been told.

The phrase “the borrower is servant to the lender” has been around since Proverbs 22:7 and in so many ways, this idea has weathered the test of time.  As I mentioned above, debt limits our potential and becomes the driving force behind so many of our decisions.  If we are in debt, taking the risk of quitting a job to pursue a dream becomes almost impossible.  Our ambitions are stifled by our obligations to our lenders.

Still, I wonder…is it possible to live a rewarding life while in debt?  Can a balance be found?  If we are methodically paying down our debts and meeting our financial obligations by building our savings and preparing for retirement, are we slaves to our lenders?  If we are able to balance these financial responsibilities while enjoying the moment we are occupying, does that make us slaves to our lenders?  There must be something more to this idea of being a slave to our lenders.

We become slaves to our lenders when all of our life energy is focused on servicing our debts.  We become slaves to our lenders when each penny we earn is not able to be enjoyed because it must be used to pay off debt.  We becomes slaves when we go to work for the sole reason of paying the bills when they come due.  Slavery to our lenders means the money we earn doesn’t belong to us anymore.  We become the middle man, working for one to give to another.  That is slavery.

Can we escape the financial slavery while still having debt?

I believe we can.  Being a slave to debt is a very real situation for many people but for a lot of us, it is a self-imposed sentence.  It was an imbalance in our finances that got us into trouble in the first place and it is an imbalance that is forcing us into a feeling of slavery.  If all of our energy is being spent to earn money to pay down our debts, of course we will feel like slaves.  If we work to create a balance between paying down our debt, building our savings and pursuing our passions and hobbies, the feeling of slavery disappears.  Paying our debts no longer feels like drudgery.

It will take longer and cost more money to reach an endpoint but the end will come.  Does it make sense to put yourself through 3 years of pure Hell to get out of debt faster and save some money or does it make more sense to create a plan that falls somewhere in the middle while you are still able to enjoy the precious few moments we are given on this earth?

That is a decision each of us must make on our own.  As for me, I am going to try to fall somewhere in the middle to get out of debt a little sooner while still chasing after my dreams and ambitions.  I am going to review my budget, find areas that can be cut and use that money to pay off my debt.

And as for cutting travel?

…

Filed under Attitude, Behavior, Debt, Freedom, Money, Passion, Preparation, Prioritizing, Spending, Student Loans

Livin’ Like a Drug Dealer

March 22, 2010 9 Comments

“They must be drug dealers.  How else could they possibly afford to live the way they do?”

On the outside, my life might seem glamorous, the life of a drug dealer, full of money and expensive trips around the world.  In the last year I spent a week in the Las Vegas area, went on a month long road trip on the west coast and returned to California a month later to camp in Yosemite, went cruising around the Caribbean and last week was spent visiting a friend in Germany.  In two months I will be visiting Iceland and a month later I will spend two weeks in Kauai, Hawaii.

Most people only ever dream of traveling to the extent that I am able and some speculate that such a lifestyle can only be attained through illegal means, such as dealing drugs.  What many people ignore are the sacrifices I make in my daily life in order to afford to live the way I do.  If you want to live like a drug dealer, I can show you exactly how I am able to do it, no drugs necessary.

Rule 1) You Can Have Anything but You Can’t Have Everything.  When we are kids our parents tell us that we can grow up to be anything we want to be.  It is true.  With enough hard work, we can become anything that we want to be but we can’t become everything we want to be.  You can have anything you want in life, for me this is travel, but you can’t have everything.  You have to make a choice.  Do you want to travel or do you want to drive a sexy sports car?

Rule 2) Stop Paying Attention to Others.  We only see what other people want us to see.  People do not want us to know that they can’t really afford exotic vacations, expensive designer clothes, luxury automobiles, dinner at exclusive restaurants and drinks after work.  Our society believes that being rich means looking rich.  We spend our money trying to keep up appearances, all the while completely undermining our financial stability.  Being rich and having money has nothing to do with what you drive or the clothes you wear.  Ignore other people and focus on your own financial situation and on your dreams.

Rule 3) Stay Out of Debt.  If you are in debt, get out.  When you are always paying for the past, you are unable to focus on today or the future.  Since beginning this website I have eliminated my credit card debt and paid off my car loan.  Now I am able to apply that money towards doing other things in my life, such as travel.  Debt holds you hostage.  You become a slave to your lenders and you spend your days working for the banks and credit card companies.  The money you earn does not belong to you and until you eliminate your debt, you are not in control of your life.

Rule 4) Stop Buying Shit You Don’t Need.  Really.  If you want to live life like a drug dealer, you can’t spend all of your money on stupid shit that brings no value to your life.  My money is spent on plane tickets and hotel rooms, the things that I value and bring enjoyment to my life.  I do not spend money on media, cigarettes, alcohol, clothing, etc.  I live minimally and only try to spend my money on the things that I need.  Stop buying shit you don’t need and you will have money to spend on the things that you want to do in your life.

Rule 5) Make Life a Priority.  Stop thinking about all of the things that you want to do in life and make them happen.  It took me a long time to stop making excuses.  There is always a reason not to do something and so long as you continue to use these excuses as justification for not pursuing your desires, your life will never change or improve.  If you want something in life, you can’t expect for it to happen to you, you must make it happen.  You have to be aggressive and punch life in the face!

The rules of living life like a drug dealer are simple, totally legal and can work for anyone.  You don’t need to earn a lot of money to live a great life.  You just need to be smart with the money you earn and prioritize the things that are important to you.  Once you begin to follow these simple rules and apply them to your life, you can be certain that your life will begin to take shape in exactly the way you have envisioned in your mind.

Filed under Attitude, Debt, Freedom, Lifestyle Engineering, Money, Potential, Prioritizing, Spending

Master of Our Own Slavery

April 17, 2009 6 Comments

"Old Slave Bell" by Schalk Marais @ FlickrIn the not so distant past there was a distinct line between the slave and his or her master.  The slave was considered to be less than human, more closely related to the horse or oxen than to a human being.  They were there to harvest the crops and tend to the chores around the home.  Eventually, common sense prevailed and slavery was abolished, however slavery continues today in a more subtle form and of our own making.  We have become the slave and the master.

Everyday throughout this country, people force themselves to show up for work at a job they loathe.  They do it because they feel as though they have to.  There is no other choice than to suffer through another day, another week, in order to get that paycheck in their hands so they can put food on the table, a roof over their head and clothes on their back.

What people fail to realize is that their money isn’t being spent only on basic necessities such as food, shelter and clothes.  We buy expensive cars, motorcycles, boats, flat-screen televisions, iPods, iPhones, CDs, DVDs, Blue Ray, green rays, plasma rays, death rays, fast food, Aqua Globes, Snuggies, gym memberships, touch screen car stereos, vacations, shopping sprees, designer jeans, perfume, cologne, teeth whitening systems…

If we didn’t buy all of this unnecessary Stuff, just how much less time would we need to be slaves in a job where we are unhappy solely for the purpose of financing all of the things we buy but don’t actually need?  I live a pretty basic life today compared to how I used to.  Sure, I still spend money and enjoy my life, but I do it more responsibly.  I think about how I am spending my money and how it will affect my future.  I consider whether or not what I am purchasing will add value to my life or if it will end up on eBay or a landfill before I buy it.  I used to blow my entire paycheck buying things like DVDs and CDs.  I didn’t have a penny saved, but I had a lot of Stuff sitting around my apartment, collecting dust.  At least I had something to show for all of my hard work, right?

While I did have a lot of things as a result of my ability to spend frivolously, none of it added value to my life.  I may have been entertained while watching a movie, but wouldn’t I have been just as entertained had I rented it or borrowed it from a friend?  Of course I would have and I would have saved myself about $15 in the process, but I wouldn’t have anything to show for my work.

Every single week of my life I have $82 withdrawn from my checking account to make my car payment.  That is money that I never see, it is just gone;  $328 in after tax money each month.  That is over 33 hours worth of work just to pay for a car (net income divided by a 40 hour work week), which is used primarily to take me to work.  Sweet irony.

Many people don’t consider how much money they actually bring home.  A person may gross $40,000 a year but thanks to Federal Taxes, State Taxes, FICA, medical and dental insurance, 401(k) contributions, alimony and whatever else a person may have deducted from their earnings, their checks don’t amount to $40,000 at the end of the year.  People rationalize to themselves that buying a $20 DVD is only an hour and a half of work, but in reality is more than that because you are paying with after tax dollars.

We are spending ourselves into a situation where we really do need that job that we hate so much because now we have a mortgage, a car loan, consumer credit card debt and we keep spending more and more on things we don’t need.  We are the masters to our own slavery.  Until we are able to break ourselves of these spending habits we will continue to rely on a job that doesn’t make us happy.  We will continue to shuffle our feet through the door of a company which doesn’t allow the personal freedom or creativity we desire in a job.

We may as well be pulling a plow across the earth like our ancestors.  The major difference between then and now is there wasn’t a choice in the past but today there is, and we are our own masters.  Whenever you feel like it is time to break free from the chains of slavery, you are in control to make that decision.  The more debt you accumulate and each dollar you waste is another day of slavery.  It doesn’t need to be that way…break free.

Filed under Consumerism, Debt, Employment, Freedom, Motivation, Prioritizing, Savings, Spending

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