My Path to Getting Rich

This is my blog about my journey to financial freedom.

Sunday, May 25, 2008

"Try This Card"

One thing to remember about getting your oil changed done at Walmart is to stay out of the store. That's how they get you to spend more. You pay a cheaper price for the service because they are betting on you spending the difference in the store. I'm not faulting Walmart, it's a smart tactic, but if you are like me and trying to cut down on your expenses then it's best to stay out. We dropped the car off and walked around the area because it was a very nice day.

When I went back to check out, there was a woman there that was in line before me checking out. I was kinda in a rush to go to work so I was wondering what was taking so long. I stepped aside and say that she was trying all her credit cards. All she kept saying was "Try this one.". I could see the cashier getting fustrated but what could she do. This made me think about how much others are struggling. I won't deny that I have been there. I've tried using cards until I found the one that worked... it's sad. We get into so much debt that we just keep on piling it on so we can support ourself. Without even thinking about it, we pull out that credit card saying "Oh, I'll pay it off this month." knowing darn well we can't once we've used it once, twice, and three times. It adds up. Studies show that only 40% of Americans pay off the balance every month and for sure that woman wasn't one of them. When I say this all unfold, it made me realize how much of a need there is for more education. I got a passion to beat this and a passion to help others beat it to.

Next time you go to the store, make sure you use cash for the small living purchases. That $3 here and $10 there will end up costing you hundreds of $$$. Don't take 2 years to pay off that oil change!! Use what you work for....CASH.

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Friday, May 16, 2008

Stimulate Your Own Personal Wealth

Income Tax Rebate checks are out and all the retail stores are crowded. I went to Walmart the other day and there wait a huge line at every register. That can only mean one thing, people are doing what they usually do with "extra" money... spending the heck out of it. I can't blame them too much since the government is telling them to spend, spend and spend.

But, have you wondered why the rich don't get these rebates? Maybe because they are rich and don't need it. Nah, that can't be it because even the rich don't turn down extra money. Maybe it's because they pay less in taxes... Nope that's not it because they actually pay over 75% of all the income taxes paid. The reason is because they won't spend it. They will either save it or invest it. That's why they are rich. They don't act like poor people and that is why they aren't. If that is the case, why do we spend it? The easy answer would be because it's "free" and we didn't have to do anything extra to get it. The government knows that lower income people will go out and blow all this cash and thus "stimulate the economy". It's kinda sad that they believe that way but it's the truth. People will spend that money and won't even know what they spent it on. The behaviors of lower-income people is what puts us in the situation. It's been like this for decades and will continue to be.

The average return will probably be around $1,500 for married folks and just think about how much that could actually stimulate your personal wealth. Would you should do is ACT LIKE YOU ARE RICH! Invest it into your personal debt. Pay down some of those credit cards. Earn your paycheck back so you aren't paying on this bills every month. Don't you just hate having to pay all these credit companies every month PLUS interest. Pay those suckers off. Keep that interest. You will feel much better about yourself when you do because you will finally be able to keep what you earn. Does it make sense? One of the most profitable ways of getting rich is by elimanating your debt, not by looking for some get-rich scheme...trust me. When you change how you think, you will change the direction your life moves into. It's tough making that big payment with this "extra" money but it's something that must be done. Just mail that check out and feel confident that you are investing in your future. Then you will be less willing to put that stereo or purse on credit next time.

STOP ACTING LIKE POOR PEOPLE!!! FOLLOW THE HABITS OF THE RICH.


P.S. I just saw this Ad on Booksamillion.com


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