I’m still here

I’ve been lurking of the scene, just reading the daily posts. But now I have to post something – maybe just for inspiration of others becoming debt free.

Since I started paying off my credit card debts and now have been frre of them for close to five years, I have a very strong will to gain as much financial assests and live a more abundant life for however long I have left in this world. It’s become a big priority to be proactive about my well being in many ways – including financially.

I also have strong goals of teaching my son (who will be born in late January- my hubby and I found out it was definately a boy!) very good lessons in wisdom for his own financial security in life as he grows up. It’s never to early to start with kids. I will not pass on the trend I fell into with money, that’s for sure.

I’ve been reading a book called “The Millionaire Mind” by Thomas J. Stanley. He also wrote “The Millionaire Next Door”. Both very good books. Check them out from the library and take a gander at some of the principles outlined on why and how people just like you and me gain an edge at becoming successful with money.

The main thing that jumps out the most is this (believe it or not), wealthy people live way below their means. Yes, this is correct.

They are actually more likely to own decent used cars instead of new and the majority of them know and belief that the best things in life are free.

Are they penny pinchers or stingy as a stereotype might make them? Not at all. They research to get the most out of their money before it leaves their hands. They rarely purchase items on credit and most only use one or two credit lines.

Sure, it’s easy to live this way if you are rich. I know you are thinking that and you also believe there is NO way for a person in your financial situation to get ahead. In those two books mentioned, however, all of the wealthy people that were interviewed, built up their own financial success as first generation wealth. Meaning they came from various middle class upbringings. They are people who learned the value of being high producers, not high consumers. Their production towards financial success always outweighs their consumer needs exponentially.

If you are in debt, can you start living this way? Of course you can. You can start small. Basically you have to, because the primary goal to become debt free and still maintain your needed living expense will have many barriers to overcome. Some of those barriers (in most cases) are only in your head and this is what keeps you living in a high consumer mode.

I can’t stress enough that the ultimate reward of living without credit card bills or payments is worth all the sacrifice to get there! I am living proof!

He writes good books. Try reading David Bach’s books as well. I’ve just started reading one called Smart Women Finish Rich and he guides you through nine steps to getting yourself on track. I’ve only gotten through reading step 3 so far but it makes a lot of sense. I’m going to read the book through then start over and actually work on each step. I’ve also read several books written by Suze Orman and she’s got a lot of good ideas as well. Each book I read helps me keep focused on what I really want the most; being able to live comfortably after retirement. I want to be like my parents and have enough so that any social security income is just a small portion of my income, not most or all of it.