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]

September 24, 2013 Posted by | Work and Money | , , , , , , , , , | Comments Off on Break the Chains! Free Yourself From Debt

Quick Hits of the Week

  • I am always surprised when I hear the statistics about giving among Christians. It’s well known that people working in ministry are, in a majority of cases, underpaid. Christians are called to be generous, emulating the gift that was given to us by Christ. Our family tithes and gives as much as we feel called to, because we want our church to be able to pay our pastors well, and we want there to be margin for helping the people in our community who have difficulty providing for themselves. Now, there is some debate over whether or not pastors should depend on the financial support of the church, but I think the argument for is fairly strong. If you don’t that’s your choice, but I’m wondering how you live generously.
  • We like to measure our success, no matter how we endeavor. One of the problems with that is the way we measure our success will have an effect on how we try to achieve it. Sometimes we’re just measuring the wrong things. For example, in education: if the goal is children who love learning, are test scores the best way to measure that?
  • Alright. I’m not condoning fighting a house fire with a garden hose. I don’t actually think that it would be effective. However, faced with the possibility that a neighborhood fire might spread to my property, and no firefighters in sight, I might try something drastic to slow the oncoming destruction. It would be incredibly unwise for me to do so against the explicit order of a police officer, too, but I would expect at least a couple of verbal warnings before they’d resort to whipping out a Tazer and shooting me with it to stop me. What do you think?
  • Part of the problem that our garden hose wielder was running into was the fear of what might happen. The police couldn’t risk him even trying to stave off the flames, because if he were hurt or killed, they would likely receive some blame. We live in a society that more and more tells us that if we can do something to reduce a risk we should do it, no matter the cost, or the limiting freedom. Every time somebody dies in a tragedy, somebody is to blame.

Is there something valuable or important or cool or funny or weird or awesome out there I missed this week? I can’t hit it all, but you should let me know about it by dropping me a line or sharing it in the comments below! I’d appreciate the heads up.

November 15, 2012 Posted by | Quick Hits and Links | , , , , , , , , , , , , , | Comments Off on Quick Hits of the Week

Kick the Ends Out

As a man beginning the second half of his life, and as the father of young children, I’ve come face to face with the fact that some of the things I’ve been led to believe and live simply aren’t true. A couple of concepts have become a part of our culture in the last century and it’s time to call them what they are: Irresponsible.

Both adolescence and retirement have become twisted bookends on what should be a responsible and productive life. They make living a lot like preparing porridge for Goldilocks. This one is too young. This one is too old. You can’t be trusted with responsibility and freedom unless your age is juuuust right.

…we view young people through a lens that didn’t exist back then – adolescence – a relatively modern invention that establishes teen years as a moratorium on responsibility and prolongs childhood indefinitely. When a young man is passive and irresponsible, he greatly limits his freedoms, opportunities, and successes.

Stephen & Alex Kendrick, The Resolution for Men

My son will be 11 years old soon. I’m faced with the fact that in five years, he could be learning to drive a car. In ten years, he could be ready to be completely out from under my care and guidance. How can I guarantee that he’ll be ready for these challenges, and so much more? By having vision, and remembering the big goal when it comes to his life. I’m raising a young man, not an older boy.

Adolescence tells us that we need to protect our growing children from the risks and dangers of life before they’re ready for them. The problem is, that as we add more and more things to the ‘unacceptable risk’ pile, we necessarily cut our children off from the opportunities and rewards that come with those risks. Our spirit of fear keeps them from achieving their full potential. Our young men and women are capable of so much more, and we should be encouraging them and guiding them to assess and accept risks.

In addition to paying the bills, funding education, paying down debt, we also have the stress of squeezing out the funds to maximize our pension plans so we can quit working as early as possible. In reality, retirement is a twentieth-century phenomenon that has added stress to our lives. And it starts early.

Russ Crosson, The Truth About Money Lies

In 24 years, I will be 65 years old. That’s become a magic number in our society. Retirement. When you get there, you’ve worked long enough. You’ve paid your dues. It’s time to slow down and enjoy the good life. That’s what we’re told.

I don’t understand that. You’ve spent decades amassing skills and knowledge about your field. You’ve created a network of people whose expertise you can call on. All of that doesn’t become obsolete just because you’ve turned a certain age. What does the “good life” have that makes it worth leaving all of that investment behind?

This is a rejection of long-term vision and responsibility. Don’t spend every day struggling at a job that you don’t even like because they pay is great and you can quit sooner. Look further than that. Your time is limited and your life is worth more. Seek out work that fills you with purpose, and it will offer you more life than the “good life” of retirement could ever weakly prop up.

George Washington was appointed an official surveyor at the age of 17, and was paid well for it.

Colonel Sanders founded the Kentucky Fried Chicken national chain after opening the first store at the age of 65.

Don’t let the ends of life go to waste. Kick out the stops. Raise your children to be responsible risk takers early. Look to your future with purpose and a plan. Start strong, finish stronger.

Questions: Do you think adolescence is good for children? How are you encouraging your kids to be more responsible? Are you planning to retire some day? Do you have a plan for those remaining years?

August 27, 2012 Posted by | Past and Future | , , , , , , , , , , , , | 3 Comments