As you consider your 2015 goals, this is the question I want you to ask yourself. Are the decisions you make on a daily basis decisions that are in your own best interest? For instance, blowing your year-end bonus on shiny stuff might sound fun at the get-go, but it is really the best thing for you? Will you regret that shiny purchase later if you are unexpectedly laid off from your job or if you find yourself neck-deep in debt for some reason?
Many times, when we make these impulsive, “I deserve” decisions, we do it without considering our best interests. We intend to reward ourselves with that dinner out, that new sweater, gadget or whatever, but in reality, we are chipping away at the security of our future. Every dime you spend on an impulse purchase that doesn’t benefit you for more than 5 minutes is a dime that you take away from the things you truly want in life, such as financial security or debt freedom.
Yep, that new car feels good now, but how will it feel in 6 months when the payments start to suffocate your budget? Or stress out your marriage?
I often hear people say “My debt isn’t my fault. I’ve not splurged or bought myself big shiny things.” However, they have piddled away nickels and dimes at warp speed for many, many years. The $10, $20, $100 or $200 “it’s only” dollars that you justify spending on whatever you think you need this week adds up to big, big bucks. I encourage you to look back at your tax returns for the last 5, 10 or 20 years. Look at your income for each of those years. Can you recall where any of that money went? Most people can’t.
I say this not to condemn, my friends, but out of a heart that longs for a better life for those struggling with money. We struggled with money for 17 years of our marriage. We’re still struggling with money, because we are living on a super tight budget as we work our way out of mounds of debt – debt that occurred because we didn’t live frugally or fiscally responsible from the start of our marriage. If we had, we’d be debt free and wealthy right now. But instead, we piddled away lots and lots of nickels and dimes, all the while convincing ourselves that we were being responsible with our money.
But the difference is that now there is light at the end of the tunnel. We have a plan, and the plan is working. I want you to have a plan and work that plan so that you can end the days, weeks, months, years and decades of money (or the lack of it) having a stranglehold on your relationships and on your life. I want you to have to not worry about money anymore. I want those little emergencies such as car repairs or house repairs to be “no big deal” to you because you’ve got no debt and a plush savings account, because the peace that financial stability brings is amazing. I can feel it now, even though we’ve got a long way to go to reach our own debt freedom day.
Haven’t you spent long enough being a slave to lenders, my friends, and being a slave to your job? You deserve so much more. You deserve Financial Peace . So my challenge to you today is to make 2015 the year in which you make every decision a decision that is in your own best interest. That you do what’s best for yourself, not from an “instant gratification” perspective, but from a big picture perspective. Try it, and see just how good it feels.