I was listening to Dave Ramsay's Podcast this morning from a couple days ago. One thing he said got me thinking. It was a statement about reaching goals. It kinda went something like this.... most people think about "what can I do", or "what can I sacrifice" to reach a goal. And that these things are the Key to reaching your goal. But the thing that will keep you from reaching your goal is The things your NOT willing to give up or sacrifice. Cause those things are the opposing forces that make goals harder to reach or work against it.
This got me thinking. And I thought of this scenario.
So if a person is willing to work more to pay off debt, pick up an extra job. He is willing to sacrifice time with his family to reach this goal. But what if, to answer the other question of "what will the person NOT sacrifice?" is keeping a new vehicle and the payment instead of selling it off. This is the opposing force keeping you from you goal.
Also, in this scenario what is more important to the person, time with family or the new vehicle. It would seem the new vehicle once you step back and look at it.
So what about my goal?
What is the opposing forces to my goal of getting out of debt? What are these things that I won't give up that are keeping me from reaching my debt free goal, or slowing it down?
1. Not completely stopping our home improvement project.
2. Not selling our camper which is our largest single debt.
3. Not stopping contributions to my 401k.
4. Not stopping saving money for vacation fund.
These things I won't give up. At least right now. We are still on track to pay off all our debt in two years or less. If something changes, we will have to consider doing these things to keep us on track. And after looking at these things, I realize they do represent are good portion of our monthly budget. And if we did all these things we could be out of debt much faster.
So ask yourself, "What am I NOT willing to give up?"
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My families journey down the road of becoming debt free and finanicially sound.
Baby Step 3 Status
$10,000 emergency fund goal
Paused Baby Step 3 at $2500.00
Paused Baby Step 3 at $2500.00
Baby Step 2 Status
Started Total our Total Money Makeover on January 1st, 2010 with $49,705.46 in debt, not including our mortgage.
April 13th, 2012 we paid off the last of these debts. It took us 28 months and 13 days.
April 13th, 2012 we paid off the last of these debts. It took us 28 months and 13 days.
The Road to financial peace.
This is a record of our journey in finding financial peace. We are using the baby steps in Dave Ramsey's - Total money makeover, book. We will be trying to follow his plan as close as we can. We hope to have an end result where we have no debt, have a large emergency fund, are saving for buy everything, are saving for our kids college, and are building wealth for retirement.
When we started this plan on January 1, 2010. I was 32 years old and my wife was 31. We had been married for 4 years. We knew this plan would take a few years before we were on the last step in the baby step process. But we are dedicated not to give up.
This blog is to help us keep on track, and keep us focused on our goal.
When we started this plan on January 1, 2010. I was 32 years old and my wife was 31. We had been married for 4 years. We knew this plan would take a few years before we were on the last step in the baby step process. But we are dedicated not to give up.
This blog is to help us keep on track, and keep us focused on our goal.