Is your day filled with greatness, mediocrity, or below average actions? I feel we all need to take advantage of all of life’s opportunities including making the best of finances. People might be questioning this, and ask how am I winning with finances? Some might be killing it saving over 50K in income annually, while others might be embarrassed to say they don’t save 1 dollar per year. How can you be content with your financial picture today, and still have the ability to save some dollars away for tomorrow?
What if we all talked more about money on a daily basis? Is it truly that awful to discuss money or is it another underlining reason people shy away from it. I can clearly say I don’t know the answer, but it is a way of life here in the U.S. to avoid awkward money talks especially around people’s personal monetary status.
Well I want to provide you with some simple, easy to discuss money talk topics and I hope you can get some value out of it. The topics today will all be random little tidbits to get you to talk more about finances.
Imagine a world where a husband and wife could sit down weekly to talk freely about money and not have fun arguments.
How about if the basics behind money management is implemented into the US school system as mandatory curriculum for all kids before graduating High School. Imagine the impact this could have on future generations. It could possibly bring about the collapse of pay day lenders, and other predatory loan facilities.
Let’s dream for a second if 2 times a year families with older kids sat down at the dinner table to devise a plan to increase income and or investing for the entire family.
Think of big picture planning like the Johnson & Johnson family does as televised in the film “The 1 Percent”. They are forced to sit down to discuss strategies by the financial advisors, and the heads of the Johnson family trust. Why can’t we all have our own meetings on a small scale?
If you feel overwhelmed to discuss things, just find someone to help you smooth out any anxiety or issues you may have around money and that is not trying to sell you something. Believe me they exist and they will teach you first and foremost just like a good mentor.
Do you want to know what is the best financial scenario for your money? We all have our wants, needs and goals in life. The optimal route for the average person, is a road not heavily traveled and hopefully that route can skip over all the money trials and tribulations. For many folks including yourself the desire should always be to travel down the less friction induced monetary highway on the path to ultimate wealth prosperity.
If you agree with the thought provoking message above, it will be to your advantage to continue reading. Once you begin to implement the financial scenarios within this intricately worded post, the scenery will appear as if you are traveling on a Japanese bullet train going over 300 miles per hour, thanks to the financially supercharged decisions you will make. It will feel this way only when it comes to building wealth as the primary objective, as far as life goes. The rest of the time you can slowly enjoy the other pleasures of life one day at a time at the preferred pace.
The ultimate tactic any modern human can do is to begin the supersonic compounding as early as feasible. If your still in the cave man status I predict investing is not in your vocabulary, for the mere fact of fear or maybe ineptitude towards investing.
This Fake Badge was found in the street, I imagine off the car of a Rich Imposter
The other day I was in the supermarket and I noticed a dude, who looked like he was about to attend a fashion show sporting an upscale leather coat, fancy shoes and clothes. If you’re going on a hot date with one of the Victoria secret models then you might need to dress like that to show a higher standard than the norm. Because if you don’t amaze you will not get a second date most likely. But just to get tomatoes, milk, and some eggs really doesn’t make sense to me to dress like a Valentino model.
Do you feel like stuff defines you? If you always look for stuff to solidify your status, then guess what your being a rich imposter. If the title makes you feel some type of way aka mad, then you’re really being a rich imposter times 2.0. IF all you own is fancy name brand stuff, then you are either rich or a rich imposter. The trick is not to be a rich imposter because then you will actually never reach being fundamentally rich. Wow did I just blow your mind Mr. Imposter?
I want to give you a few of the financial ponderings I was thinking of during lunch yesterday. These will never change as Americans are fully integrated into a system that is not beneficial for the average person. I hope many of you will learn a few things from reading these tidbits and just stop to think that maybe there is a better way to live life.
Granted we all take risks in life for instance if a stock you owned dropped a few dollars, and you cashed out. But if you are constantly signing on the dotted line for loan applications year after year, then you are destined to live a life of less abundance. By overspending on products and getting services above means is a lifestyle that is never good financial sense.
By discussing the financial ponderings and then acting responsibly by your money any reader will transform into a super informed financial mastermind. Who can decipher any financial pitfalls like a spelunker for the money life we all lead. If done right The ups will be tremendous highs, and the downs will be easily stress free as we can cover any emergencydue to the financial smarts and cash hoard we have stashed by not being victims to these interest rate trickery by the banking institutions.
Do you find that your house is full of stuff that is just lying around, for the most part unused and collecting dust? This is unfortunately the norm for most Americans, because we love to buy, purchase, acquire, and lastly procure stuff.
Hey everyone all of that stuff will not make you happier, it just takes up space and energy. I will show you a few awesome, not the average definition of stuff, to make you laugh.
In 2014 the average American adult is predicted to spend about $700-800 dollars for Christmas gifts aka they will give away a bunch of stuff to friends and family. When you multiply this amount as a nation that figure is around 600 billion dollars. (Begin awkward hand clap)
After you read these, you might think to yourself I really don’t need all this stuff and can now focus on living a simpler life.
This little guy is tired of all the Christmas Shopping.
A new series is born today, with the premise that now I will let you in to see the things that I spent my last hundred dollars on. Imagine if you had only a hundred dollars to your name, what would you spend it on?
The last hundred is a way to lighten up the financial blogosphere with something unique. Yeah I could give you a bunch of boring spreadsheets showing my monthly net worth, but that’s been done a thousand times over.
Also part of me is still hesitant to fully reveal my financial numbers in all its lowly soon to be very highly glory. What will this accomplish, maybe nothing. But it sure is exciting to see what people spend money on, don’t you think?
The spring is about 4 months away and I am very excited to shovel massive amounts of snow this winter. (Not really) We are gonna switch it up today and give you a snap shot of spending in the month of December for some Christmas gifts and random misc. things. (Obviously excluding Mrs. Rich Uncle EL’s gifts, as I don’t want to give away all my secrets)
See below for some spending based off the last hundred dollars – Christmas edition.
The premise behind the financial champion or financial wimp is to decipher where anyone who is currently employed is excelling or falling behind everyday with money matters.
There’s not much info out there on actual facts whether someone is a financial champion who makes all the best choices with money or a financial wimp who squanders money. (PF Bloggers Excluded) The financial wimp is inclined to make excuses behind each and every financial choice they make. It can be blamed on several factors like not making enough income, not being able to avoid debt, not sacrificing for immediate gratification, etc. Let’s make an effort to stop all the excuses.
Now where the grass on the other side is usually greener or at least appears that way. The financial champions are the folks who constantly strive to do the best for their finances without any mental barriers or #excuses. They fund 401K to the best of their abilities, they have a Roth IRA and fund that as well, they understand the value of money, they take choices regarding money not lightly, they brown bag lunch in order to pay debt off sooner, and they understand happiness does not come from buying everything that glitters.
Now let’s discuss what traits distinguish the two polar opposites of financial people. I am not trying to put anyone down or praise anybody, but there is a truthful way to live a dedicated money life. See below for the awesomeness.
