Archive for September 2006

There is POWER in writing things down!

Have you ever told someone that you would do something, and then forgot to do it? That has happened to every one of us.

I remember going to visit a customer that had experienced a quality issue with one of our products. I had a belief that we had not been notified in a timely manner about the quality issue. I was WRONG. This customer pulled out a book and rattled off at least 10 times that he had contacted our team about this exact issue! He had NAMES. He had DATES. He had TIMES. He had the Greenwich Mean Time in which he had contacted them. He had EXACTLY what he had relayed to each individual. There is POWER in writing things down!

By the time he had gotten to relaying to me the fourth call he had made, I really was not interested in hearing any more! I just wanted OUT OF THERE. Why? Because I did not have it written down. My team had not written it down. As a result, we had seriously inconvenienced a customer, and we had look foolish doing it. There is POWER in writing things down!

With this blog, I embarked on a journey to write about personal finances. I wanted to help others improve their own personal financial situation. The end result? I am personally learning more about finances. Why? Because I am writing it down!!! There is POWER in writing things down!

God had approximately 40 authors WRITE THINGS DOWN. Why? Because there is POWER in writing things down!

Write things down! Use the POWER!

Have you saved money for Christmas gifts?

Christmas is only 89 days away. Have you saved any money for it yet?

Christmas should not be an emergency. It happens EVERY SINGLE YEAR on the EXACT SAME DATE. December 25. EVERY YEAR.

When you fail to plan, Christmas becomes an “emergency”, but it should not be that way!

When you plan your spending for Christmas, you will spend less money. Just as when you complete your monthly budget and spend every dollar on purpose, on paper, before the month begins, a spending plan for Christmas will ensure that you spend within your means.

Christmas Fund – Christmas Spending = EXACTLY ZERO

By the way, when you have saved up the money for the gifts and avoid incurring debt, Christmas is so much better!!!

Practicality

Practicality: adj. adapted or designed for actual use; useful

How long does it take for you to determine that something is practical?

I remember a time when I burned some photo files to a CD to take to Wal-Mart for developing. When I got to Wal-Mart, the photo machine would not recognize the files because the disk had not been “finalized”. Now, I am not sure why a disk needs to be “finalized”, but I was VERY IRKED that I could not print my photos. As I have dealt with burning CDs, I have determined that they really are not very practical. They are very susceptible to scratching. They have lots of format types.

To put it simply, burning CDs sucks.

Why do I say this? It is not very practical!!! It fails to produce the expected results regularly!!! AND I have found a better way. I LOVE my memory stick. USB plug and play. Holds a ton of files and is very user friendly. It is more practical.

When it comes to finances, people want practicality. They do not want to hear about a financial tool that works some of the time. They want to hear about a financial tool that works all of the time.

My goal is to create and design financial tools that work ALL OF THE TIME.

Managing personal finances is not for sissies

Like anything worth doing, management of your personal finances takes effort. It takes time. It takes knowledge. It takes want-to. It takes motivation. It also takes HOPE.

If you are like 70% of Americans who live paycheck to paycheck and have NO extra money in savings, it takes a lot of effort just to make the decision to do something different.

I must say, it amazes me how many people will not change their financial behavior simply because of the amount of effort it will take to get their financial affairs in order. They would rather live a life that is tied to money, being in debt, and the stresses related to paycheck-to-paycheck living than expend the effort necessary to win with their finances.

I believe that each person possesses the capability get their financial house in order. I believe that each one can learn how to manage their finances successfully.

Are you willing to expend the effort to turn your financial house around? To make it better? Or are you going to put up with paycheck-to-paycheck living because it is “just too hard”?

Moving Costs – If you ever move …

Moving costs money.

Surprised?

Here are some questions (answers below):

  1. How much does it cost to rent a one-way 26′ box truck for 5 days and unlimited miles?
  2. How much does it cost for boxes?
  3. How much does it cost for the fuel to get from point A to point B?
  4. How much does it cost to rent a car tow dolly?
  5. Have you thought about furniture pads?
  6. How much does it cost to get your old house ready to move out of?
  7. How much does it cost to get your new house ready to move in to?
  8. If you are selling your home, how much does it cost?
    1. One-way rentals are FAR more expensive than returning the rental to the spot you picked up the truck. General costs for a one-way rental is between $1,300 and $2,500.
    2. Boxes. Wow. Moving boxes that you purchase run anywhere from $150 – $500.
    3. Fuel? Depends on the average gas prices. 26′ box trucks get HORRIBLE gas mileage – between 4 and 7 mpg. If you get a diesel, you can expect to get between 8 and 12 mpg.
    4. A car tow dolly will run you around $200
    5. Furniture pads are very cheap. Around $10/dozen. Get at least two dozen more than you think you will need.
    6. Depends greatly on the condition of the home. If you’ve maintained things well, it could be $500 or less. If you haven’t maintained things well, it could be a LOT more.
    7. Depends greatly on the condition of the home. If you negotiate effectively, you can have the house handed over in great condition.
    8. If you use a realtor, selling fees on a home generally run between 4% and 7%. If you sell your home yourself, you can do it for somewhere around $1,500.