Enemy of Debt http://www.enemyofdebt.com Motivational Money Management Tue, 09 Feb 2016 21:11:15 +0000 en-US hourly 1 Make Your Valentine’s Day Gift Be About Value http://www.enemyofdebt.com/your-valentines-day-gift-should-be-about-value/ http://www.enemyofdebt.com/your-valentines-day-gift-should-be-about-value/#comments Mon, 08 Feb 2016 15:41:37 +0000 http://www.enemyofdebt.com/?p=17384 Enemy of Debt - Make Your Valentine’s Day Gift Be About Value

Unless you haven’t looked at a calendar lately, you’re aware that Valentine’s Day is less than a week away. If you have a significant other you may already have a gift purchased or plans made to give a little extra attention to that special someone in your life. Some people choose to not celebrate Valentine’s Day, seeing it as just another commercial holiday pressuring people to buy stuff. That’s actually a fairly accurate description in my opinion, and that’s great if you and your loved one share that perspective. Others are looking for inexpensive ways to celebrate the day and […]

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Enemy of Debt - Make Your Valentine’s Day Gift Be About Value

EOD_ValentinesDayUnless you haven’t looked at a calendar lately, you’re aware that Valentine’s Day is less than a week away. If you have a significant other you may already have a gift purchased or plans made to give a little extra attention to that special someone in your life. Some people choose to not celebrate Valentine’s Day, seeing it as just another commercial holiday pressuring people to buy stuff. That’s actually a fairly accurate description in my opinion, and that’s great if you and your loved one share that perspective. Others are looking for inexpensive ways to celebrate the day and their love without breaking the bank. That’s a fantastic viewpoint as well. There are also those that put the pedal to the metal and go all out. Hey, whatever floats your boat, as long as it fits within your budget.

Then there are those people that fall somewhere in the middle.  At this stage of my life, I fall in this category. I don’t feel it necessary, or financially responsible, to send a dozen roses to my wife every hour, pick her up in a limo, and whisk her away to a private dining experience (Although I’d bet she wouldn’t complain). But, I would like to find some way to put a spotlight on how much she means to me without costing me an arm and a leg.

For me, Valentine’s Day gifts are all about value. I want to find ways to show that I know who my wife is as a person, what she enjoys, and that I’m willing to make an effort to do so. The most important thing to me is whatever I do or purchase is worth the money.

Here are some examples of things that catch my attention when thinking about Valentine’s Day gifts for my wife that both show my appreciation and love as well as give me the most for my hard earned money:

Spa Treatment Deal

Some people love spa pampering. Spas and Salons know this. Around Valentine’s Day keep your eyes open for special deals.   A package can be purchased for your significant other that is budget friendly, but has great value. For example, the salon that my wife visits advertised the following special:  With a purchase of a gift certificate for a facial, customers would also get a manicure and a wash and style. PLUS,  for an additional $15 a 30 minute massage would be included in the package. That’s an incredible value and a PERFECT Valentine’s Day gift!   For that little extra touch, I could not only purchase the package, but schedule the service for a day so all my wife has to do is show up.

Get In the Kitchen

Find any article or blog post on the subject of Valentine’s Day and there’s a good chance that it includes the suggestion to make dinner at home.   Let me reinforce that suggestion with my own point of view. I worked as a cook in a restaurant in high school, and holidays were the most busy, chaotic days of the year. So chaotic and busy, the food quality suffered. You’ll wait longer than usual, the service may not meet expectations, and the food quality can be negatively affected. It has all the potential of a meal that doesn’t live up to the standards of a good value, or a reflection of your feelings towards your significant other.

If you do decide to put on an apron and cook at home, don’t just go for keeping the cost as low as possible. Splurge a little; make your love’s favorite meal. Make king crab legs, learn how to make Beef Wellington, find a recipe for crème brulee. Buy a bottle of wine other than from the $3 section at Trader Joe’s. You’re going to save money over going out….so why not splurge a little bit and make it an adventure!

Wine Tastings

My wife loves wine, and we enjoy going to wine tasting events together.  We haven’t been to one in quite some time, so I’ve been on the look out for one to be advertised.  Tickets for a wine tasting event in my local area usually run anywhere from $15 to $30 a person.  For the price of two tickets, my wife and I can spend an entire evening together exploring new wines.

Things That Do NOT Bring Value

There are many things about a traditional Valentine’s Day that do not bring much value.  If I partake in any of them, I go out of my way to get the most for my money:

  • Cards :  Cards these days can range anywhere from $4 to $7.  What a waste of money for a folded piece of cardboard.  Both Walmart and a nearby Halmark store have a $.99 card section.  That’s where I get all my cards.  I also have a rule about how long I spend selecting a card:  I won’t spend any more time picking out a card than  I feel the recipient will spend reading it.  Which means I select my card in under a minute, every time.
  • Flowers :  We all know that florists jack up the price of roses and flowers big time for Valentine’s Day.  I love giving my wife flowers, but I also hate getting ripped off. I won’t pay the $40 to $50 from a florist, but I will pay under $10 for a nice arrangement that Walmart or Target will have at the front of their stores.

Valentine’s Day can be whatever you want it to be.  Ignore it, go crazy or be like most people and land somewhere in the middle.  The most important thing is to get the most value for your purchases.  That’s almost a gift all by itself.

What have you got planned for Valentine’s Day?

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Fist Pump Friday: I Love You Like A Blogger Roundup – 2/5 http://www.enemyofdebt.com/fist-pump-friday-i-love-you-like-a-blogger-roundup-25/ http://www.enemyofdebt.com/fist-pump-friday-i-love-you-like-a-blogger-roundup-25/#comments Fri, 05 Feb 2016 14:28:49 +0000 http://www.enemyofdebt.com/?p=17379 Enemy of Debt - Fist Pump Friday: I Love You Like A Blogger Roundup – 2/5

Earlier this week brought the end of January, as well as the conclusion of the first month with a reduced blogging workload.  I have to tell you, I didn’t realize just how much of my time it was taking up until  I was able to back off a little due to the promotion and raise received within my full time career.  I had been redlining for a couple of years, and it feels GREAT to have a couple of evenings each week where I don’t do any blogging at all.  As a result, my stress level has plummeted. They say […]

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Enemy of Debt - Fist Pump Friday: I Love You Like A Blogger Roundup – 2/5

fistpump

Earlier this week brought the end of January, as well as the conclusion of the first month with a reduced blogging workload.  I have to tell you, I didn’t realize just how much of my time it was taking up until  I was able to back off a little due to the promotion and raise received within my full time career.  I had been redlining for a couple of years, and it feels GREAT to have a couple of evenings each week where I don’t do any blogging at all.  As a result, my stress level has plummeted.

They say money can’t buy happiness, but a larger number at the top of the budget sheet sure makes it easier to enjoy life.

Fist pump for happiness, and for my favorite posts of the week!

Posts That Make Me Fist Pump

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The Newest Finance Podcasts You’ve Never Heard http://www.enemyofdebt.com/the-newest-finance-podcasts-youve-never-heard/ http://www.enemyofdebt.com/the-newest-finance-podcasts-youve-never-heard/#comments Thu, 04 Feb 2016 12:19:37 +0000 http://www.enemyofdebt.com/?p=17367 Enemy of Debt - The Newest Finance Podcasts You’ve Never Heard

Hitting the search button on Google is a great way to find the answer to your questions about money, but how do you know the advice fits your specific situation? Maybe you have two teenage daughters and the author of the article is a single guy fresh out of college. It is likely the advice is technically correct, but it would be nice to have some more context than a little box at the bottom of the post or link to their About page. Personal finance is personal and you want to know the knowledge you are obtaining fits your […]

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Enemy of Debt - The Newest Finance Podcasts You’ve Never Heard

Hitting the search button on Google is a great way to find the answer to your questions about money, but how do you know the advice fits your specific situation? Maybe you have two teenage daughters and the author of the article is a single guy fresh out of college.

It is likely the advice is technically correct, but it would be nice to have some more context than a little box at the bottom of the post or link to their About page. Personal finance is personal and you want to know the knowledge you are obtaining fits your unique situation.

The way I learned about money was first by listening to podcasts, then reading, then audiobooks. There were some videos in there too but I was able to internalize – and scrutinize – all I had learned while driving (or walking the dog or mowing the lawn) before taking action. I made the most of my time by learning while commuting and was able to separate the wheat from the chaff for maximum efficiency.

Back then there were only a handful of personal finance podcasts: Dave Ramsey, Brian “The Money-guy” Preston, and Marketplace Money to name a few. Today there are hundreds and more are popping up every day – and you get to choose whose message resonates with you best!

4 New Finance Podcasts You’ve Never Heard

 

ARTWORK-MONEY-1600xM.O.N.E.Y.

Brand new on the scene is M.O.N.E.Y. with blogging rock stars Paula Pant and J. Money. The juxtaposition of ways they deal with money doesn’t keep them from agreeing at the end, which is why this podcast works. Paula is a jet-setting real estate investor who is all about making money while Jay is a husband and father of two who is all about saving money.

Definitely listen to their first episode where you get to understand their view on finance (Click here).

 

financial-conversation-podcast-logoFinancial Conversation

Want to get the perspective from four young women? Check out the conversations from Kayla, Erin, Choncè and Kristi. Most have debt, some have children and one is planning her wedding.

Recent episodes include How to Practice Delayed Gratification and “Your Job or Your Health”. Where will their stories take you? Go listen to find out here.

 

save-money-dammit-logoSave Money, Dammit!

Where did this come from? I LOVE the title! Ashlee and Brian are a married couple who dug themselves out of $17,000 in debt to becoming debt free with a net worth over $40,000 in just two years. Oh, and they love budgets!

Their episodes are short, averaging about 20 minutes, so this could definitely fit into someone’s commute to the office or early-morning dog walk. (Check it out here)

 

moblie-home-park-investors-logoMobile Home Park Investors

Are you interested in Mobile Home Park Investing? Me neither, but if I were – there’s a podcast for that!

I haven’t checked this show out yet but I’m simply amazed that someone could dig deep into a very narrow niche and offer free education through a podcast.

While I can’t direct you to their show on their website, I can send you to Stitcher (Click here) where you can listen via your computer or your smartphone

Why didn’t I include iTunes links?

If you use iTunes then you probably already know how to subscribe to a podcast. Besides, any podcast that knows what they are doing would include easy-to-use subscribe buttons on their website.

Podcasts are an investment in your time but are easy to consume. Use iTunes, Stitcher, TuneIn Radio or even the Pocketcasts app and listen via your smartphone.

ndncnp-show-ARTWORK-1500xAnd while you are at it, check out this podcast you’ve probably never heard: “No Debt, No Credit, No Problems”. Yes, it’s my new show and this is a bit of self-promotion. I hope you forgive me, but you might be interested in my interview with Jesse Mecham about the newest changes to YNAB (You Need A Budget) or Chris Hogan, one of Dave Ramsey’s speakers.

So, tell me: What podcasts are you listening to?

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The Unbelievable Thing My Wife Said, and How It’s Going To Save Us Hundreds Of Dollars http://www.enemyofdebt.com/17359-2/ http://www.enemyofdebt.com/17359-2/#comments Mon, 01 Feb 2016 16:45:45 +0000 http://www.enemyofdebt.com/?p=17359 Enemy of Debt - The Unbelievable Thing My Wife Said, and How It’s Going To Save Us Hundreds Of Dollars

My wife said something to me this weekend that blew me away. I could barely believe my ears. It got me excited….really, really excited. I’m telling you, what she said was HOT. Now, you might be reading this, and on the verge of throwing this post into the category of “Too Much Information.” But stay with me, I know that you’ll appreciate it. Vonnie and I decided to go out to eat on Thursday night, heading to our favorite steakhouse. She ordered her usual steak, the filet. When it arrived, she cut it open to ensure it was cooked as […]

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Enemy of Debt - The Unbelievable Thing My Wife Said, and How It’s Going To Save Us Hundreds Of Dollars

EOD_SurprisePicMy wife said something to me this weekend that blew me away. I could barely believe my ears. It got me excited….really, really excited. I’m telling you, what she said was HOT. Now, you might be reading this, and on the verge of throwing this post into the category of “Too Much Information.” But stay with me, I know that you’ll appreciate it.

Vonnie and I decided to go out to eat on Thursday night, heading to our favorite steakhouse. She ordered her usual steak, the filet. When it arrived, she cut it open to ensure it was cooked as requested. As I ate, I watched her face to gauge how she was enjoying her meal. Her facial expressions led me to believe that it wasn’t as good as she had expected.

“How’s your steak?” I asked.

“It’s OK.” she replied.

“It looks like it’s cooked right.” I said, probing her mood.

“It is.” she said unconvincingly.

It wasn’t until we returned home that I got the full story as to what was going through her mind. It was during a recap of our meal that she said it. The words she said stroked my ego. They excited me. But the very best part, was what she said would save us money.

“I think we should not go out to eat until we go on our trip to Florida. I like what you make at home better anyway. I’m serious!”

She admitted the steak she had that evening at the steak house didn’t come close to the steak I had made for her recently at home.  The steak I made was cooked better, seasoned better, was more tender and just flat out tasted better. Not to mention, the cost came of a similar meal at home came in at way under half of our restaurant bill.

Our family is going on a trip to Florida during Spring Break at the end of March. We’re trying to save up enough cash so we can pretty much (within reason) do whatever we want while were on vacation. Eating out, as much as we try to avoid it, still takes up a significant piece of our weekend entertainment spending.

I think she’s finally realized that I can make almost anything we order at a restaurant at home. It will cost less, and it will taste better.

So here’s what we’re going to do. Each weekend, instead of going out to eat we’re going to make a special meal at home. The cost of this meal is going to come out of our entertainment fund. Then, we’re going to calculate the cost of the same meal at an appropriate restaurant by looking at their menu online. The difference between the calculated restaurant cost and the make it at home cost will go into our vacation fund.

There’s been no restaurant challenges here at Enemy Of Debt before. I’ve written about my thoughts of saving money by cooking at home vs eating out before as well. It’s time to combine to two, and see just how much we can save in two months to pad our vacation fund.

I’ll give updates periodically in the Friday posts.

Cool, huh? Want to play along?

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Fist Pump Friday: I Love You Like A Blogger Roundup – 1/29 http://www.enemyofdebt.com/fist-pump-friday-i-love-you-like-a-blogger-roundup-129/ http://www.enemyofdebt.com/fist-pump-friday-i-love-you-like-a-blogger-roundup-129/#comments Sat, 30 Jan 2016 22:15:18 +0000 http://www.enemyofdebt.com/?p=17347 Enemy of Debt - Fist Pump Friday: I Love You Like A Blogger Roundup – 1/29

I’m feeling a little lost about this weekend.  Normally I spend my Saturday grocery shopping, doing my long run, laundry and any cleaning or other tasks that need to be done. I do this so that my Sunday is completely wide open to watch football. Except there is no football on this weekend.  What will I do with myself? Of course I’m being a little tongue in cheek, as I won’t have any problem filling the void with family activities or projects around the home.  Maybe I’ll even fire up my smoker……… Fist pump for firing up the smoker AND […]

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Enemy of Debt - Fist Pump Friday: I Love You Like A Blogger Roundup – 1/29

fistpump

I’m feeling a little lost about this weekend.  Normally I spend my Saturday grocery shopping, doing my long run, laundry and any cleaning or other tasks that need to be done. I do this so that my Sunday is completely wide open to watch football. Except there is no football on this weekend.  What will I do with myself?

Of course I’m being a little tongue in cheek, as I won’t have any problem filling the void with family activities or projects around the home.  Maybe I’ll even fire up my smoker………

Fist pump for firing up the smoker AND my favorite posts of the week!

Posts That Make Me Fist Pump

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Costco’s Breakup With American Express Is A HUGE MESS http://www.enemyofdebt.com/costcos-breakup-with-american-express-is-a-huge-mess/ http://www.enemyofdebt.com/costcos-breakup-with-american-express-is-a-huge-mess/#comments Tue, 26 Jan 2016 11:14:21 +0000 http://www.enemyofdebt.com/?p=17338 Enemy of Debt - Costco’s Breakup With American Express Is A HUGE MESS

My wife encountered a surprise while booking a hotel room for a trip to Florida we’re planning for the beginning of April. She gave the hotel our Costco American Express card number to reserve the room, and requested an email confirmation. Everything seemed to go smoothly, until she opened up the email. In red lettering was a warning stating that the credit card given expires before the hotel reservation, and that a valid card will be needed when we check in. Looking at the card, it’s expiration date was not for several months. I was momentarily confused, but then remembered […]

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Enemy of Debt - Costco’s Breakup With American Express Is A HUGE MESS

EOD_CostcoAmexMy wife encountered a surprise while booking a hotel room for a trip to Florida we’re planning for the beginning of April. She gave the hotel our Costco American Express card number to reserve the room, and requested an email confirmation. Everything seemed to go smoothly, until she opened up the email. In red lettering was a warning stating that the credit card given expires before the hotel reservation, and that a valid card will be needed when we check in.

Looking at the card, it’s expiration date was not for several months. I was momentarily confused, but then remembered that Costco is ending their relationship with American Express this year, and switching to Visa. Sure that the warning from the hotel was somehow related to this fact, I decided to make some phone calls to find out exactly what what to expect in regards to our rewards credit account.

According To Costco

My wife called Costco first to ask them what the end of their relationship with American Express means to customers that have a Costco American Express rewards credit card. The representative gave the following points information.

  • As of April 1st, American Express will no longer be accepted at Costco stores. On that date, they will begin accepting Visa credit cards instead.
  • They are moving towards using Citi Visa for their rewards credit account.
  • The process of getting Citi Visa on board is currently in underwriting and is not finalized.
  • They are hoping to have everything complete and new cards mailed to customers by April 1st, but cannot promise anything.
  • They are hoping that Citi Visa will just buy the accounts, meaning balances would automatically be moved to the new cards, but that’s not a certainty.

The American Express Perspective

Next, I called American Express to find out what they would say about the situation.

  • The relationship between Costco and American Express will end sometime mid-2016, but they do not have a final date.
  • The termination date will be communicated to customers as soon as it has been determined.
  • While Costco may stop accepting  American Express as of April 1st, the cards will not be shut off until the termination date
  • Current Costco American Express holders will have the option to transition to a different American Express rewards account. The representative was extremely interested in telling me about these options and shockingly encouraged me to move to one as soon as possible.

The thought that came to mind as I was having these two conversations was, “What a complete mess.”

Summary Of The Situation

Let’s summarize just how jacked up this situation is:

As of April 1, my Costco American Express can no longer be used at Costco. They’re switching to Visa, but they don’t know when it will be available, or if current balances will be assumed by the new account. There’s also the question of whether current card holders will have to re-apply for the new card. The representative couldn’t answer that question. Even though my Costco American Express can’t be used at Costco after April 1st, I might still be able to use it elsewhere until mid-2016. They don’t know exactly when it will stop working.  But,they’ll be sure to let me know, and it definitely isn’t already set for March 31st regardless of the warning message my wife got through the hotel reservation system which American Express couldn’t explain.

For a company that’s known for having a great business model by treating their employees well and great customer service, they’ve really done their customers a disservice by how this situation is being handled.

Come on, Costco, you’ve got to do better than this.

Do you have a Costco American Express rewards card?  Have you heard any additional information on this situation?

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Fist Pump Friday: I Love You Like A Blogger Roundup – 1/22 http://www.enemyofdebt.com/fist-pump-friday-i-love-you-like-a-blogger-roundup-122/ http://www.enemyofdebt.com/fist-pump-friday-i-love-you-like-a-blogger-roundup-122/#comments Fri, 22 Jan 2016 16:14:03 +0000 http://www.enemyofdebt.com/?p=17329 Enemy of Debt - Fist Pump Friday: I Love You Like A Blogger Roundup – 1/22

Tomorrow is my son’s birthday.  His 17th birthday.  How did that happen?  I’m almost positive that just a few days ago I was standing on a chair putting up Christmas decorations, telling a young toddler to stop hitting the cat with the staple gun.  That really happened (it was empty, just in case you were concerned).   Tonight he’s having all his friends over for a computer gaming party for a dual celebration as one of the other boys in the group shares the same birthday.  This particular friend has a computer, but it’s not the best for gaming.  So, the […]

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Enemy of Debt - Fist Pump Friday: I Love You Like A Blogger Roundup – 1/22

fistpump

Tomorrow is my son’s birthday.  His 17th birthday.  How did that happen?  I’m almost positive that just a few days ago I was standing on a chair putting up Christmas decorations, telling a young toddler to stop hitting the cat with the staple gun.  That really happened (it was empty, just in case you were concerned).   Tonight he’s having all his friends over for a computer gaming party for a dual celebration as one of the other boys in the group shares the same birthday.  This particular friend has a computer, but it’s not the best for gaming.  So, the entire group of about 10 boys each chipped in some money and bought the parts to build him a new computer.  They’re going to build it as a group together tonight and give it to him.   I can’t be prouder of the young man my son has become.

Fist pump for my awesome son…..and of course, my favorite posts of the week.

Posts That Make Me Fist Pump

Shameless Self-Promotion

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3 Things You NEED to Do To Be Successful http://www.enemyofdebt.com/3-things-you-need-to-do-to-be-successful/ http://www.enemyofdebt.com/3-things-you-need-to-do-to-be-successful/#comments Wed, 20 Jan 2016 12:53:40 +0000 http://www.enemyofdebt.com/?p=17316 Enemy of Debt - 3 Things You NEED to Do To Be Successful

I love a good motivational speaker. I have some favorites that I listen to every day on my way to the gym, and have an entire bookmarks folder dedicated to motivational links. I seem to find them while I’m scrolling through my Facebook feed, or just browsing the internet. When I agreed to go to a technological conference for work, I didn’t think for an instant I would come across any motivational material. I was wrong. The subject matter of the conference was disruptive innovation. There was a guy from Intel, and a handful of entrepreneurs on hand as speakers. […]

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Enemy of Debt - 3 Things You NEED to Do To Be Successful

EOD_SuccessI love a good motivational speaker. I have some favorites that I listen to every day on my way to the gym, and have an entire bookmarks folder dedicated to motivational links. I seem to find them while I’m scrolling through my Facebook feed, or just browsing the internet. When I agreed to go to a technological conference for work, I didn’t think for an instant I would come across any motivational material.

I was wrong.

The subject matter of the conference was disruptive innovation. There was a guy from Intel, and a handful of entrepreneurs on hand as speakers. As the day progressed I was surprised to hear some similar themes from the entrepreneurs that I’d heard before from my motivational sources.

Success Requires Disruption

Each successful idea from the entrepreneurs on the panel created disruption in their industry. In each instance their inventions challenged the very foundation of the current way of doing things. Sometimes disruption will threaten people’s jobs, and there will be those that want to bury the idea. For example, one of the panelists revealed that the first digital camera was invented in the mid 1970’s by someone that worked at Kodak. The inventor’s superiors buried the idea as it challenged the print film industry that was the bread and butter of Kodak’s business.

As this discussion took place at the conference, it reminded me of something said by my favorite motivational speaker, Eric Thomas. He says that in order to be successful, you have to change your entire mindset from a culture of losing, to a culture of winning.

There Is No Such Thing as Failure

During a question and answer session at the conference, one of the attendees asked the panel of speakers how they deal with innovations that seemed like a good idea, but ultimately failed. The representative from Intel gave an interesting answer, asking the attendee to think about the definition of failure. He went on to state they celebrate their failures, because of the information gained from the experience. He actually had a hard time calling anything a failure, because so much can be learned from them.

Instantly a quote popped into my mind from Michael Jordan, one of the best basketball players of all time:

“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.”

Process over Product

Everyone of the entrepreneurs echoed a similar story. While they obviously gravitate towards products and industries that they are interested in, the product isn’t the most important thing in being successful. The most important ingredient in recipe of being successful is having the correct process. One entrepreneur went through every one of his business ventures, both successful and not so successful. He emphasized that the difference between the idea being a success and not was simply the process. Once he got the process figured out, everything he did succeeded.

Which reminded me of the story of Inky Johnson, who speaks about the importance of the process of being successful. He was a college football player, projected to be a top draft pick, when he suffered an injury that ended his football career. He refused to be let the injury get him down. Using the same process he used to become a successful football player, he applied his skills and dedication to being a motivational speaker.

Eric Thomas, Michael Jordan, the entrepreneurs I listened to at the conference and Inky Johnson all have something in common.

They are all successful people.

Given that fact, it’s not surprising that they share a common philosophy. It’s a philosophy that we can apply to our lives to be successful with our finances.

Be Disruptive

If you don’t consider yourself successful financially, you have to make a complete paradigm change in your lifestyle. Making little changes, like not buying expensive coffees or buying generic products or cutting your cable are admirable changes. But on their own, they are not enough. You have to completely change the way you think about, and treat your money. If you want life altering results, you have to make life altering changes.

Failure Is Not In Your Vocabulary

Not achieving your goal every single time is fact of life. Just ask Michael Jordan. Do not let the fact that a goal was missed stop you from continuing on your journey. Ask yourself what you can learn from it, utilize that knowledge, get back up, and move on.

When my wife and I were digging ourselves out of debt we tried countless ways of budgeting and discussing our finances. It took us over two years to finally get a process down that worked for us. Imagine if we had given up after the first, second, or even 10th attempt to get it right?

Love The Process

Once you get the process figured out –  the never give up, make disruptive changes, learn from your mistakes process – apply that process to everything. Apply it to making a budget, tracking your spending, increasing your income and everything in life. Think about how you want your life to be, and apply the process to every aspect of your existence.

Successful people, from vastly different career tracks, all sharing a similar perspective and following a similar recipe to achieve success. This seems worth paying attention to.

Do you implement these three things into your every day life? If so, do you find they are leading you down the path to success?

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Fist Pump Friday: I Love You Like A Blogger Roundup – 1/15 http://www.enemyofdebt.com/fist-pump-friday-i-love-you-like-a-blogger-roundup-115/ http://www.enemyofdebt.com/fist-pump-friday-i-love-you-like-a-blogger-roundup-115/#comments Sat, 16 Jan 2016 14:32:27 +0000 http://www.enemyofdebt.com/?p=17307 Enemy of Debt - Fist Pump Friday: I Love You Like A Blogger Roundup – 1/15

Today is payday….and it’s my first paycheck reflecting the salary increase from my recent promotion. yes.  Yes. YES. I cannot deny I was a little excited to open up my online bank portal today.  On a similar note, as previously mentioned the promotion has led me down the path of resigning from a few of my freelance writing jobs.  Therefore, I don’t have any personal finance blog posts to shamelessly self-promote.  I do however, have another treat for you, EODNation.  I’ve started my very own BBQ website (purely for FUN!) to document my BBQ and grilling adventures.  I’ve linked to […]

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Enemy of Debt - Fist Pump Friday: I Love You Like A Blogger Roundup – 1/15

fistpumpToday is payday….and it’s my first paycheck reflecting the salary increase from my recent promotion.

yes.  Yes. YES.

I cannot deny I was a little excited to open up my online bank portal today.  On a similar note, as previously mentioned the promotion has led me down the path of resigning from a few of my freelance writing jobs.  Therefore, I don’t have any personal finance blog posts to shamelessly self-promote.  I do however, have another treat for you, EODNation.  I’ve started my very own BBQ website (purely for FUN!) to document my BBQ and grilling adventures.  I’ve linked to my latest post below!

Fist pump for bigger paychecks, AND BBQ!

Posts That Make Me Fist Pump

Shameless Self-Promotion

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The Expectation of Spending Money http://www.enemyofdebt.com/the-expectation-of-spending-money/ http://www.enemyofdebt.com/the-expectation-of-spending-money/#comments Wed, 13 Jan 2016 14:27:45 +0000 http://www.enemyofdebt.com/?p=17291 Enemy of Debt - The Expectation of Spending Money

Every Sunday evening, my wife and I recap our weekend spending, and then do any budget adjustments required  due to higher than expected spending. After the conclusion of this activity recently, I broke the good news that we had stayed well within our allocated weekend funds. As soon as the words left my mouth, they felt wrong. I was confused as to why they felt wrong, after all isn’t that the goal? Isn’t the goal to live within our means by creating a budget, allocating a finite amount of funds for bills and other activities, and then spend less than […]

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Enemy of Debt - The Expectation of Spending Money

EOD_SpendingExpectation

Image courtesy of kkojang at FreeDigitalPhotos.net

Every Sunday evening, my wife and I recap our weekend spending, and then do any budget adjustments required  due to higher than expected spending. After the conclusion of this activity recently, I broke the good news that we had stayed well within our allocated weekend funds. As soon as the words left my mouth, they felt wrong.

I was confused as to why they felt wrong, after all isn’t that the goal? Isn’t the goal to live within our means by creating a budget, allocating a finite amount of funds for bills and other activities, and then spend less than or equal to those set amounts? We had seemingly done everything right, but yet something felt off.

We commonly give ourselves a pat on the back for sticking to our budget. We go into the weekend with the expectation we’re going to spend money, so when we spend less than the maximum amount possible we applaud ourselves.

Why do we expect ourselves to spend money?

I’m not going to pretend for a minute that I can go through daily life without spending any money. There are bills to pay, and necessities to buy. But outside of just the basic cost of living, why do we expect to spend money? After the basic cost of living expenses are taken care of, I have a warm home, food in the cupboard, clothes in the closet and countless ways of entertaining myself.

Yet, I enter the weekend with the full expectation of spending money. In fact we go looking for ways to spend money. My wife and I actually have discussions regarding what we want to do. It’s almost like we brainstorm ways to spend our money, and we always succeed.  Most of the time we find ourselves with more ways to spend our money than we have funds. We determine which activities would bring the most value to our lives. Which is all well and good, but do you know what has never happened?

We’ve NEVER come to the conclusion that NONE of the ideas for a given weekend were worth of our hard earned cash.

It’s never happened. Ever. Look, I’m not saying that we shouldn’t spend money on things that bring us enjoyment. But it should be hard to separate you from your hard earned money. Really, really hard.

It’s time we changed our perspective on how we spend our money. Instead of acting like a five year old on a Friday afternoon with allowance burning a hole in our pocket, let’s treat our money like a business person looking to invest in a business proposition. If a business person gives their money to a questionable investment, it may fail and then the money is lost forever.

Think back over the last week.

What did you spend your money on?

Do you have any regrets?

If you had to do it over again, would you make the same choices?

If that same business person gives their money to a sound investment, it may grow and bring rewards that last a lifetime. Those are the spending experiences that are worth it.

I’m challenge myself to change my spending perspective.  This week, I’m not going to assume I’m going to spend money.  I’m starting with the expectation that I’m going to spend absolutely nothing. Before spending a single dollar, I will have to PROVE to myself that it’s worth it. Then, at the end of the week, I’ll celebrate how close I came to spending zero.

 

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