The 2nd
Day of Challenge
Good
morning... and welcome to
the 2nd
day of the Financial Freedom Challenge!
Around
here we're just not big fans of the term
"cut
back." Well, it kind of sounds like it's going
to hurt,
doesn't it?
Instead,
we much prefer that you "let go of what's
not
serving you." Ahhhh. Doesn't that sound nice?
And it is.
Let's face
it. We're all holding on to things that
aren't
moving us forward. They might even be weighing
us down.
You know what things we mean. The size
"whatever"
pants in your closet that you haven't fit
into in
years. Golf clubs that never made it to a course.
A gym
membership you've rarely used. Or that food
dehydrator
you ordered online. (Yeah, that was an
awesome
pick.)
If you're
like most people there are more than a few
things
that will immediately jump to your mind. When
they do,
jot them down in your notebook. Or, better
yet ...
gather them up and set them aside. (They'll
come in
handy on another day this week!)
Today, we
just want you to focus on the idea that
you're
likely to be holding on to a bunch of things
that
aren't serving you well. Purchases made.
Relationships
built. Services bought. Beliefs held.
And what
we're telling you is that it's time to
examine
them. Using your trusty filter.
Do they
serve your highest goal? Will holding onto
them help
move you toward your dreams?
If not,
friend. It's time to let them go.
===========================================
TODAY'A
ACTION: Cancel. Cut. Switch. Slash.
===========================================
Try saying
that five times fast! (Only kidding.) Today's
action is
not a tongue twister. (Phew.)
Pull out
your notebook of expenses you've been keeping.
If you
need to, gather up your bank and credit card
statements
to round out the list. Then, circle every-
thing you
spend money on that's a want, not a need.
And think
about how you could reduce or eliminate it.
Now, we
can't tell you what to cut back on or let go of.
You have
to use your own filter. And figure that out
for
yourself. But, we are here to help. With a great
big list
of ideas.
Choose at
least three. Starting right now. Cancel, cut,
switch or
slash it. Then share your secrets on
Facebook
or Twitter so others can do the same.
It's on.
1. Switch
to basic cable. Or get rid of cable and try
Netflix
and Hulu instead.
2. Get rid
of your landline, if you have a cell phone.
Or,
consider using Skype for long-distance instead.
You can
even port your landline over to Google Voice,
so you can
keep your home phone number but have
VoIP
service for free!
3. Get rid
of your cell phone. Or use a prepaid cell
phone,
instead of an expensive phone with an
expensive
contract.
4. If you
carry a balance on a credit card, ask your
credit
card company to lower your rate. Or, transfer
your debt
to a card with a much lower rate. If it's a
low
introductory rate that goes up after a certain
period of
time, just make sure you can pay off the
balance
before then. Or keep switching the balance
to
low-interest cards to beat card companies at their
own game.
Sure, we know it's a pain. But, how
committed
are you?
5. Cancel
something you're not using - club
memberships,
gym memberships and unread magazine
subscriptions.
Doing this not only saves you money, it
makes room
for new things in your life that will serve
you
better.
6. Give up
expensive unhealthy habits, like smoking.
You'll
save the money you were spending on cigarettes
and be
healthier too!
===========================================
Now look
at your "needs." Ask yourself, "How can I have
everything
I need without over-spending?"
1. Review
your insurance policies to make sure they
still meet
your needs. If you overbought, you're losing
money
every month on something you don't need. If
you
under-bought, you stand to lose money when trouble
strikes.
2. Consider
raising the deductible on your insurance
to lower
your monthly premiums. But first make sure you
can cover
the deductible, if you need to.
3. Use
cost-comparison websites to see if you're getting
the best
deal on things like home and auto insurance.
4. Consider
putting your dependents on their own health
insurance
plan. With today's rising healthcare costs, it
might be
less expensive than the plan offered through
your
employer.
5. Was
transportation in your "need" column? Here's
a wild idea.
Consider selling one of your cars.
6. If your
bank charges you fees, switch to another
bank or
credit union that won't. And find out: are
you
getting the best interest rate possible on your
savings
account?
Let it go!
To your
success,
Peak
Potentials
P.S. Go work on Day 2 and comeback and click here for Day 3 Habits.
**********************************************************************
Join hundreds of like minded people for 3 days of fun and learning...serious about getting their financial & prosperity mindset in order at a MMI Event.
************************************************************************
P.S. Go work on Day 2 and comeback and click here for Day 3 Habits.
**********************************************************************
Join hundreds of like minded people for 3 days of fun and learning...serious about getting their financial & prosperity mindset in order at a MMI Event.
************************************************************************
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