A Bodey in Motion

Building momentum, one step at a time

Break the Chains! Free Yourself From Debt

B is for Bondage. Nothing ties up your income and locks up your dreams more than the bondage of debt. If you want to turn your finances around, escaping those chains must be a priority.

The borrower is slave to the lender. - Proverbs 22:6

Truths about debt:

  • Debt is a product being sold. Credit is the most aggressively marketed product in the country. Remember that “Life takes VISA” is an ad slogan, not a fact.
  • Debt limits options. Lenders must be paid. Any job that covers all of those bills is a requirement, no matter what. And an underwater mortgage can turn a home into a prison.
  • Debt increases risk. Being able to pay today doesn’t guarantee tomorrow. Failure to repay leads to threats and legal action, and can result in losses of property and wages.

How to escape:

  • Get intense. You can’t passively drift out of debt. Escaping requires passion. It’s time to get angry. It’s time to get focused.
  • Stop borrowing. No more new debt. Draw the line here, and get ready to fight.

What do you think? Are you living without debt? How did you escape? What should be my word for Q? Let me know in the comments below!

[image from publicdomainpictures.net]
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September 24, 2013 Posted by | Work and Money | , , , , , , , , , | Comments Off on Break the Chains! Free Yourself From Debt

Quick Hits: No credit score isn’t such a risk. Online predators not so common. The hammock bathtub.

  • If you have children, then the ever-present fear of sexual predators might be a problem for you. We want to protect our children from the pedophile hiding under the bed, or on the street corner, or behind the computer screen. It’s likely, though, that that fear is just a touch exaggerated. For example, a few years ago, a study showed that despite social networks online being populated more and more with kids, most of them still resembled your everyday real world community – “comprised mostly of good people who are there for the right reasons.” Child predators were actually few and far between. Bullying was more of an actual concern. Facts put fears into perspective, which is a good thing, because our fears about our kids are starting to hurt them. Fact: Sex Offender Registries are listing more and more teenage children (and even some pre-pubescent kids) who are haunted for the rest of their lives due to a moment of foolish sexual indiscretion.

September 20, 2013 Posted by | Quick Hits and Links | , , , , , , , | Comments Off on Quick Hits: No credit score isn’t such a risk. Online predators not so common. The hammock bathtub.

Quick Hits: Credit scores are dumb. Listen more, talk less. Orange rolls on an open fire.

  • There is obviously far more Quick to this chart than there is HitsWe’ve been coordinating another session of FPU this Summer. Our next lesson will be Dave Ramsey’s famous Dumping Debt lesson, which includes a thorough explanation of what “Gazelle Intensity” means, what a debt snowball looks like, and the busting of several debt myths. One of my favorite debt myths to bust is the need for a good credit score. Your credit score has nothing to do with how financially successful you are. It’s only about your relationship with your debts. And debt is a product being sold, it’s not something anyone needs.
  • I’ve had the opportunity recently to work with someone who has the particularly nasty habit of talking over his coworkers. It’s lead those who have to regularly deal with him to communicate around him, and not to him. They only tolerate him. And when his back is turned, eyes roll and actual plans are made. He thinks everything is fine, because he’s mistaking silent acquiescence for agreement. They’re not the same thing, and confusing them will be your undoing. Whether we’re at work, out with friends, or at home with our families, we need to be listening more than we speak, and promoting communication.
  • I love three things about this blog post.  1) It’s a camp out cooking recipe. Everything tastes better when prepared over an open flame. II) The finished product looks really yummy and unique. C) He allowed his niece to have the experience of using a sharp knife to cut the oranges in half. That is excellent. Giving a child the opportunity to take responsibility and understand the risks involved while being properly supervised is a great way for them to have the chance to grow up to be adults who take responsibility and manage risks well.

June 26, 2013 Posted by | Quick Hits and Links | , , , , , , , , , | Comments Off on Quick Hits: Credit scores are dumb. Listen more, talk less. Orange rolls on an open fire.

If you struggle with your money, join me for FPU this Summer

I’m ramping up to coordinate my second Financial Peace University session for the year. The Spring session I had the privilege to coordinate was amazing, with 20 families completing the material and over a $100,000 turn around of their finances. It’s great to be able to be a part of a life-changing event for so many people.

Dave Ramsey's Financial Peace University

If you’ve never taken Financial Peace University, I recommend it. It’s a great first step for families who are struggling with money issues and don’t know where to start. If you’re in the Tucson area, and you’re interested in joining a class, you’re all welcome to join mine.

We’ll be starting with a short orientation meeting for anyone interested in finding out more about FPU. We’ll be going over the class schedule and format, talk about what we expect from class members, how childcare will be handled, and answer any additional questions. That will happen on May 21st at 6:00 pm, and it shouldn’t last more than forty-five minutes.

The schedule breaks down as follows:

  • May 21 – Orientation
  • June 4 – Super Saving: Why you should save money, and why you need to start now.
  • June 11 – Relating With Money: Why families must work together to achieve financial goals.
  • June 25 – Cash Flow Planning: How to develop a monthly budget that really works.
  • July 2 – Dumping Debt: What myths we believe about debt, and how to become debt free.
  • July 9  – Buyer Beware: Why marketing is so powerful, and how to reduce it’s influence.
  • July 16 – The Role of Insurance: What insurance you need to have, and what to avoid.
  • July 23 – Retirement and College Planning: How to plan for the future.
  • July 30 – Real Estate and Mortgages: How to buy or sell a home.
  • August 6 – The Great Misunderstanding: Why you should live a generous life.

All meetings, including the orientation will be held at Saguaro Canyon Church at 10111 E Old Spanish Trail.  Childcare is provided each time with a suggested donation.

If you want to find out more information or register for the class, you can check out the class page on DaveRamsey.com for all of your answers.  Hope to see you this Summer!

Have you taken FPU? What was your experience? What was the most important thing you learned? How did it change your life and your finances?

May 8, 2013 Posted by | Christ and Church, Past and Future, Work and Money | , , , , , , , , , , , , , | Comments Off on If you struggle with your money, join me for FPU this Summer