Apr
14
2009
1

Need More Money in Your Pockets? Keep Reading if You Do… Part #3

I take it if you’re reading this, then your answer to the question, “Need More Money in Your Pockets…?” is probably YES!

The Bible says in 3 John 1:2, “Beloved, I wish above all things that you would PROSPER, and be in good health… even as your soul PROSPERS!

This PROSPERITY the Bible speaks about is not only for your finances… but also in your health, spiritual-life, family, and all aspects of your life.

Prosperity means many different things to many different people… but I’m sure we can agree that prosperity can mean “abundance”, “increase”,  and “wealth” in one’s life.

While I don’t believe that everybody will be filthy-rich like a Warren Buffet… or an Oprah Winfrey… I do believe that in the area of finances, God DOES NOT want any of His children to walk in poverty, be dodging bill collectors, parking our cars half-a-mile away from our house so the repo-man doesn’t get it… you get the point. We should NOT be walking around this earth poor, broke, and destitute!

Before you keep reading this juicy post… you’ll want to get familiar with the first two posts that were done back in December & February:

Part #1 is how you “Spend Your Way into Prosperity”. Sound contradictorary? Who cares how crazy it sounds… it works my friend! In a nutshell it says (1) Pay God First,  (2) Pay Yourself Second,  (3) Pay Those Bills on Time.

This is the link to read the whole post on Part #1

Part #2 is how you can “Simple Ways to Increase Your Income”. This post has a lot of meat and potatoes in it… and will fill you up if you’re hungry! In a nutshell it says (1) Focus in on your talent and (2) Three Simple Ways to Increase Your Income.

This is the link to read the whole post on Part #2.

That said… my wife and I have done financial workshops in the past in the church and in the community… and many times, people will ask, “What is the SECRET to Increase My Finances”…

… and my response would always be the same: “Shhhh… don’t tell anybody. The secret to increasing your finances is this: Make more money and/or spend less money.”

Nice, deep advice… huh? I ticked off more than a couple people with that type of advice.

But in reality it is true… and with most things in life… there is typically a SIMPLE process behind getting what you want in life, but executing that process is what is DIFFICULT for many.

The basics behind having more money and being more financially stable are: “Make more money and/or spend less money.” — Follow this process to a ‘T’, and I can assure with almost 100% certainty that you will ALWAYS be able have a nice roof over your head… a nice car to drive in… nice clothes to wear… be able to take nice vacations with your loved ones… be able to bless others around you… and NOT go in debt doing so.

Part #3 is going to deal with this topic: How to Get Out of Debt.

When my wife and I got out of debt some years ago… we followed the Dave Ramsey plan. We were lucky enough to find out about it while we were still pretty young (about 23 and 24 years old). We executed the plan, and completely got out of debt.

FACT: You simply CANNOT become wealthy financially… if you have an excess amount of debt.

Here is his plan:

(1) SAVE $1,000 IN AN EMERGENCY FUND:
Whatever it takes for you to get money in your savings account… do it! Sell stuff on eBay, Craigslist, garage sales, cut yards, deliver pizza, whatever… get at LEAST $1,000 in your savings account. What this does is to (A) Give you pride that you’re able to save a significant amount of money… and  (B) Helps to protect you for emergencies that happen in life (ex. car breakdowns, etc.)

(2) PAY OFF ALL YOUR DEBTS USING THE DEBT SNOWBALL:
Write down all the debts you have MINUS your mortgage (ex. car payment, credit cards, hospital bills, school loans) on paper, from the highest monthly bill you pay each month… to the lowest. Use the money that you used in STEP ONE to fund your emergency fund, to pay off the HIGHEST monthly bill first.

Keep on paying the minimum amounts required by all your other debts… and attack the highest debt. When you have killed that debt, move on to the next debt, and keep knocking them out until you have NO debts.

The typical person who follows this advice faithfully can be debt free in about 18-24 months.

(3) SAVE UP 3 TO 6 MONTHS OF BILLS IN YOUR SAVINGS

(4) INVEST 15% OF YOUR HOUSEHOLD INCOME INTO INVESTMENTS

(5) COLLEGE FUNDING FOR YOUR KIDS

(6) PAY OFF YOUR HOME EARLY
People say you have to have a mortgage for 20, 30, even 40 years? The devil is a lie.

(7) KEEP BUILDING WEALTH AND BE A GIVER!

Let me know what you think about this post… if you have any questions message me… and I’ll see you at the top baby!



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Written by Daniel Wiafe in: Money,Vision | Tags: , , , , ,
Feb
10
2009
0

Need More Money in Your Pocket? Keep Reading if You Do… Part #2

Back in late December, I wrote a blog post on TodayAbundance.com titled “Need More Money in Your Pocket? Keep Reading if You Do…

In essence, I wrote down 3 major & practical rules that my wife and I have followed… which have brought us tremendous financial success these past few years.

The rules that we follow to a “T” are as follows:

1) Give away the first 10% of your income (church, non-profit agency, etc.)
2) Save the second 10% of your income (savings account, investment, debt reduction)
3) Pay all Your Bills on Time (this shows God, you are a GOOD steward of the money that you already have… and that you are responsible to handle even more money)

Do these 3 rules sound crazy? Well who cares… they work! While everybody else complains about the economy being crazy… while everybody else complains about their mortgages skyrocketing through the roof… while everybody else complains about job insecurity… me and my household sleep GOOD and PEACEFUL at night.

To read the original blog post, CLICK HERE NOW:

At the end of that original blog post, I promised more tips… and here are 2 more tips:

#1) FOCUS…. FOCUS…. FOCUS!

Whatever it is that you do for income (or aspire to do)… focus in on it and become GREAt at it. Let the main thing be the main thing. Don’t be a jack of all-trades… and a master of none, because the only thing you’ll have at the end of the day in your bank account… is jack squat!

So whether you are in business for yourself… or you work at a company or organization, set the limits high for yourself… and make it your prime goal to become the BEST at your job and position, and watch the dollars follow behind you.

Learn all that you can & master your work position through books, seminars, classes, videos, online research, through mentors, whatever it takes… do it and don’t complain, because losers gripe and cry… but winners tough it out and accomplish what needs to be accomplished by “any means necessary!”

#2) Need to Increase Your Income Level? Try any of these 3 ideas.

The following are the 3 ideas at the top of my list for increasing your income long-term:

A. Sales Position (the highest paying job in the world)
Yeah, I know sales jobs in general suck… but they are still the “highest paying job” in the world! A good salesman (or saleswoman) can earn a 6-figure… and even 7-figure income salaries a year, depending on what they are selling and how high the commissions are.

Sales positions are good, because very rarely do you need a college degree… all you need is ambition, drive, and a friendly personality. Sales positions you can get into include: car sales, insurance sales, real estate, medical, pharmacutical.

B. Go to a 2-Year/4-Year College
This is GREAT option for younger folks, obviously. I won’t go into the details of why getting a 4-year or Master’s degree can increase your income, but did you know that there are a few positions (such as a registered nurse, radiology tech, information technology, etc.) that you can go to a 2-year Junior college… and start making $60,000+ a year? Not too bad of a salary for 2 years of your life… is it?

C. Start Your Own Business
Yes sir…. this is my favorite one. Why work for “the man”… when you can become “the man”? There are many businesses that you can start… that allow you to supplement your current income… and even replace it, that don’t cost a lot of money or capital to start up.

Some businesses that come to mind include: Selling goods on eBay, housecleaning, lawncare, daycare, life coaching, painting, roofing, being a virtual assistant, importing/exporting goods, and anything Internet related.

Trust me, you can make good money with little capital or money in your bank account. I started up my little Internet business in 2004 with $50 for advertising expenses and to build a website… and while I won’t tell you how much profit I made in 2008, I can tell you that my advertising expenses were well over $150,000 last year… and was still able to eat pretty nicely at the end of the day.

It is possible for ANYBODY to go from zero to hero in a short amount of time… and I’m a witness to that.

Until next time, walk in the full blessings, favor, and abundance… which are in Jesus Christ!



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Written by Daniel Wiafe in: Money | Tags: , , , ,

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