Most Don’t Have a Money Problem, They Have a Mind Problem

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DannyI recall a conversation I had with a friend of mine a few years ago.  He was upset because he was struggling financially.  He had a decent job, but life's circumstances had turned against him it seemed.  He had gone through a divorce that drained his savings.  He had had a series of car problems that drained every extra cent he had from his last paycheck. He didn't have enough money remaining to eat and still had 10 days until his next paycheck.  Needless to say this friend was down on his luck and was asking to borrow money; which I gave him. The interesting thing is that I had known this guy for a few years and I knew his problem wasn't the divorce or car problems.  His problem was that he lived with a broken mind.

This guy's thinking was flawed so here's what I suggested to him–"you need money and you have money sitting right in your house.  Let's go through your house and collect up all the things you don't touch and have a yard sale.  I'll bet you have close to $500 sitting around."  This was on a Tuesday and on Wednesday he ran a free ad on Craigslist advertising his Saturday yard sale.  The end result?  He made $400.

I started a vintage furniture company with almost zero cash.  I went to an estate sale and bought $30 worth of old furniture which I flipped for $175 in one day.  I then took and reinvested that $175 and turned it into $400 and I was off and running.

Here's my point: you don't need money!  You need a revolution of your mind.  Do you remember my question about giving your all?  This is what I was talking about.  What are you willing to do to change your current circumstances?   My friend had never considered having a yard sale, yet he made $400 in 4 days from things he had lying around his house.  I created $400 in profit in 2 weeks from a simple $100 investment.

If you have a mind dead set on changing, then you will find a way to change.  If you have a mind set on lamenting your circumstances, then you will continue to complain and nothing will change.  I can already see the comments, "I see what you are trying to say, but everyone's circumstances are different.  Some people don't have anything."  And this is true, there are going to be uber-extreme situations where someone in this world doesn't have anything.  But I'm not talking about them, I'm speaking directly to YOU!

Here is a simple formula to make more money right now…

  1. Call your pay television company and cancel your service.  (save $100+)
  2. Collect everything in your house that you don't use and have a yard sale on your day off. (revenue $250)
  3. Go to garage/yard sales and find things of value and flip on Ebay.  (profit $25 per week)
  4. Go to nightly estate/merchandise auctions and buy items of value and flip on Ebay (profit $60 per week)

Monthly Result?

$100 – cable

$250 yard sale

$340 Ebay

=$690 extra money

And I know this works because I did it.  I spent 2 nights per week at auctions buying things that had value and then selling them on Ebay or Craigslist.  I took everything in our home that we never touched and held yard sales.  I attended weekend estate sales and found items I could flip for cash.  Basically I hustled my tail off to make $20 bucks here and there and turned that into a few thousand dollars per month.  It was a lot of work.  It resulted in me working nights and weekends.  It took time.  But I did it and I created an income flow.  The difference was that I had a mind set on finding any way to generate extra money so I did everything I could to scrape together extra dollars to get ahead.

Imagine if you exhausted every avenue to make a few extra dollars and combined that with eliminating wasted expenses!!  Everyone wastes a couple hundred dollars per month on cable, cigarettes, eating out, gym memberships, car payments, Starbucks, driving too much, etc.

The question is-which mind do you have?  One set on getting ahead and finding a way or one set on accepting getting dirt kicked in your face by life and sitting around complaining?  The simple truth is you have extra time and if you have extra time you can use that extra time to make extra money.

(*******even those who have nothing can find a way.  Read this story about a man who traded a paperclip for a house!!)

Top 10 Hacks To Save Money While Travelling.

Travel tips from The Wandering Broski!!

The Wandering Broski

Lets face it bro, unless you’ve won the lottery, saving money whilst travelling is a must if you want to extend the time of your life! Here’s some tips on how to continue the wanderlust…

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Why Living Debt-Free Creates a More Joyous Life

I know so many people who portray themselves as happy on Facebook, that I can see are not very happy at all.  People are keeping up with the Joneses, piling up credit card debt, feeling the pressure of impending college tuition, wondering how in the world did I get in this much debt and how am I going to get out of this? They work jobs they abhor and live lives that are severely disorganized.

101My challenge has always been to push people to challenge themselves, to break the cycle of a life that is designing them vs them designing their life. And as I type this I realize some might read and say most people’s lives aren’t that bad; and my response is you have not been paying attention.  It might be the case that not all families encapsulate my description above, but many families deal with a few.  I believe we have been conditioned to accept debt as a reality, when in fact it is a defeatist mentality.

We must realize that our life is our responsibility and it is possible for us to make positive changes.

I have talked often in the past about debt and I have wondered myself why so many of my thoughts regarding living out dreams come back to debt.  And I guess the answer is that in conversations with people I have heard the money excuse used all too often. And when I hear the money excuse used I immediately wonder how much cash they waste each month or how they use their money.

I personally have two resources that I guard as sacred: my time and my money.  The money situation is very sensitive for lots of individuals because they feel a sense of embarrassment when light is shined on their inability to manage their personal life. If you speak to someone who works in the financial business they will tell you how defensive people get when their debt is criticized (and by criticize I mean it in the truest definition of the word, not pointing out flaws or making fun of).

I believe it is important for you to understand one fact: your debt could be getting in the way of you living a fulfilled life!  We live in a society that tells us we must live in a certain type of house, drive a certain type of car,  send our kids to a top school, we must work a certain type of job, we must associate with a certain type of people. And if you do not you are not successful. And you must obtain these things at any cost. So get yourself some credit cards, acquire a line of credit and go buy things so that people think you are successful and these things will make you happy and fulfilled.

And in the end what you have attained is a life that is fake, that you don’t own because you owe others for it, and a mountain of debt that you carry around like a 300 pound gorilla each and every day. Your debt restricts your ability to move out of a job that makes you unhappy, it restricts your ability to move out of a city or town that you do not like, it restricts your ability to see the world around you and it sets an image of the type of life your children expect to have for themselves.

For your information, Warren Buffett still lives in a house in Nebraska that he bought 50 years ago and drives an old Buick,  both of which he paid off many years ago.

121908-600x349Do not wait for tomorrow, do it today!  And contrary to what some might say Starbucks is not necessary. Car payments are not necessary. Shopping at the most expensive grocery stores is not necessary. Eating out is not necessary. Gym memberships are not necessary.  Boats & motorcycles are not necessary. Cable television is not necessary. And these are just a few of the things I see people spending money on that they can neither afford nor sustain.

Your attitude towards buying things should always be: if you do not have the cash to buy, do not buy it.  I will guarantee you if you eliminate all unnecessary spending each month you will have approximately $500 to pay on debt. My advice would be to pay down the smallest credit card first and gain some positive forward momentum. Then choose the second debt item and take the $500 plus whatever you were paying on the first credit card and pay that on the second credit card.  You duplicate this formula as many times as it takes to get you out of debt and if you commit three to five years to this you will be 100% debt free.  There are many methods or plans that one can use so be sure to educate yourself as to the best method for your situation.

Don’t forget to take a few moments and visit my Partners’ pages located in the sidebar and connect with me on Facebook, Twitter and Tumblr!

Many of the happiest people I know have extremely low debt. And by extremely low debt I mean they have an affordable mortgage, no car payment, and zero credit card debt.

Successful people do not stumble upon being successful. Their lives are purposely designed to give themselves the best opportunity possible to find success. And it is time for you to take control of your life and design it to give yourself the best opportunity possible to be successful.  The first step is acknowledging that your life is your responsibility.

 

My Latest LifeHack Article: 4 Habits You Need to Know That Will Change Your Life Forever

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image credit: Yoga/TakeBackYourHealthConference/Flickr

 

I have had another LifeHack article published!  Click the link below and I hope you all enjoy.  If you like it, it would help me a ton if you could Share the article via StumbleUpon/Facebook/Twitter!!

 

4 Habits You Need to Know That Will Change Your Life Forever

When Life Was Simple

When I write articles dealing with debt-free living or frugal living I visit How to Stuff Your Pig! Great advice and tips on saving money and how to live on a budget.

Escaping the debt trap

I wanted to share this quick thought with you folk regarding debt…

thabo's journal

Can we live without debt?
Most people believe we can’t live without debt. There are people who never had a credit card in their lives, don’t have a retail clothing card and don’t owe anybody anything. How do they survive?

Is it a personal (image) thing?
Getting into debt to maintain a lifestyle is called ‘bad debt’ while a lot can be said about good debt. Why keep an image you can’t afford?

I came across this statement…

“Corruption thrives in countries with higher inflation rate”

Whether this is true or not, I don’t know. These days, everybody is in debt; the trick is to manage it.

Three rules to get wealthy
1. Earn more.
2. Spend less.
3. Invest, invest, invest!

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How Being Debt-Free Can Improve You Emotionally!

photo 1Today’s discussion has revolved around the importance of obtaining financial freedom.  It has more than just financial benefits.  Those achieving this freedom report less stress, improved relationships and other emotional improvements.  Read this article on The Art of Simple:

http://theartofsimple.net/the-emotional-benefits-to-becoming-debt-free/

How I Paid Off $30,000+ of Credit Card Debt in Two Years

Anyone can pay off their debt…IF they have desire and are willing to sacrifice!

Double Debt Single Woman

happyWomen

Yes! Recently credit-card debt free and exhausted from a marathon session of bad dancing, I’m back to share how I did it. By writing this, I don’t mean to imply that everything that I did was necessarily the best course of action, or that it would work for everyone. I’m only sharing what worked for me, a single female with no dependents.

There were 5 simple components that all played a part. None of this was easy to experience, but the steps were simple.

1.  I resolved to do it.

I had a wake up call back in late 2012 when I did a bit of math and realized that when my student loans came out of forbearance, I would no longer be able to make ends meet. I knew that I had to start paying off these two debts. Dave Ramsey books and DVDs got me psyched up and…

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How It Feels to Not Have A Debt Payment

Dedication to paying off debt is crucial folks! I hope someone reads this today and decides to make a change!