It’s been a tough few months financially here in the Frugal Farmer household. The first part of the year was smooth sailing. We were doing really well on debt reduction. Then came April.
Major car repairs, some pretty huge medical bills, and thanks to a miscalculation on my part we had to pay in for taxes for the first time ever. Savings covered some of the expenses but we ended up putting some on the credit card, taking a big step backward.
May was “recovery month as we worked to pay it off by scrimping and saving.” Then June hit and here we go again. Two major house repairs came up this week. Another couple of grand we didn’t plan for.
Time to Figure Out How Bad We Want Debt Freedom
How bad do you want to reach your goals? And are you willing to do something different to achieve them? This is the question I set before you today.
We’ve had a lot of this “two steps forward, one step back” stuff throughout our journey to become debt free and it has continually frustrated me. Last week I was complaining, to myself, the air, to God, to whoever would listen about the slow process debt reduction has been for us. Now I know we’ve had a lot of legit, serious setbacks that have understandably lengthened our journey, but we’ve got to be able to do more, I said to myself.
Then I got an email from a blog I subscribe to that had the headline “When You Take MASSIVE Action, Sometimes You Just Get ‘Lucky'”
Now, I don’t normally listen to podcasts. I like them well enough, but it’s a time thing. I’m homeschooling and life-coaching four kids. I run my own freelancing business. And I’ve got a house and small farm to care for. Finding the time to spend 30-60 minutes listening to a podcast doesn’t normally happen, as much as I love them.
The only podcast I’ve found time to listen to recently is a short vlog series that my pal, Mr. Groovy, publishes. Mostly because they’re under ten minutes and they’re hilarious AND introspective.
But the tagline here grabbed me, so I clicked on Episode 46 of the Money Peach podcast and tuned in, looking for the answer to our slow debt payoff problem and continual financial setback problem.
One of the first things guest Joshua Smith said was “If you’re not reaching your goals, it’s because you don’t want them bad enough.”
Could be, I thought. Keep talking.
The guy went on to tell about his life, about how he went from broke, depressed alcoholic at 23 to uber-successful guy at 35 (with a wife and some kids) who owns several businesses, one of which was making him $7,000 a month. He also said he hadn’t slept in nearly two days: he keeps his diet super clean in order to be healthy and strong enough to be able to take MASSIVE action on reaching his goals.
Okay, I’m listening.
The guy went on and on, water-blasting advice for nearly an hour. Chris, the host, hardly had a chance to speak, and why would he want to? This guy was giving 8 hours worth of life-coaching on achieving goals in a one-hour session, and every bit of it was awesome!
If you want to hear it all, I encourage you to click on the link above and find time in your day today to listen, but I’m going to share the key points that really hit me hard with you today.
You Don’t Have to Focus on a Year’s Worth of Goals, Just Focus on Tomorrow
In other words, ask yourself, What action steps can I make tomorrow to make it an epic win in terms of moving closer to achieving my goals?
Make your list of action steps for every goal every day, focus on the top three in each category (if that’s all you have time for) and do whatever it takes to get them done.
By practicing making every tomorrow an “epic win” you will reach your goals, and probably faster.
I made my first list for today last night. 🙂
Take Calculated Risks
We’re fairly good at taking calculated risks, but we could be better. For instance, Rick will study and learn how to do pretty much any home or auto repair that comes our way. He replaced a part on the heater for our garage and he put the new roof on our shed. He’ll also install the new roof that failed this week on an outbuilding we have, saving us over $1,000.
However, he will not fix the valve that failed on our expensive air conditioning unit. After reading on the intricate process of recharging, etc., he decided he wants to leave that to the professionals.
I think we need to take more calculated risks in terms of achieving our goals, however. We need to earn more. We need to spend less and not worry that it will traumatize the children. And so we will.
You Can Create What You Want to Create As Long As You Are Truly Committed
Rick and I have been committed to debt freedom, but I’m not sure we’ve been sold-out committed. Being sold out committed is not so much about being extreme so much as it is about knowing clearly what you will and will not sacrifice. We haven’t been clear on that, but we are now.
If you’re having trouble reaching your goals fast enough you might want to make a list of what you will and will not sacrifice.
In our case, having me home and homeschooling is a top-shelf priority, so increasing my income is going to have to work within our current schedule. I won’t leave the house full-time for a traditional job.
We also won’t sacrifice our health, meaning we won’t work 120 hours a week for money. However we will work 60. Or 70.
And we are totally okay with cutting expenses even further than we have been. We’d rather sacrifice spending money than sacrifice time.
Take some time to decide what you will and will not sacrifice. Decide what is most important to you. Then take the rest of your time and be sold-out committed to using it to help you reach your goals.
There is so, so much more information in this podcast, and I strongly encourage you to listen to it if you want to do more with your life. I got more motivation out of this one podcast than I got from years of what we’ve been doing to learn up until now.
As a bonus, I’m going to end by sharing a couple of books that might help you focus on your goals more intently.
This was one of the books recommended by Joshua Smith on the podcast:
Readers continually tell me that this book transformed their lives.
My dear friend, if you are finding that your goals and dreams are continually eluding you, please join us on this journey to revamp your plan and reach your goals. And start by listening the Joshua Smith on the Money Peach podcast. You got this!