Avoid Lifestyle Inflation
Lifestyle inflation is when you spend more and more on how you live, and it increases at a rate as fast or faster than your income. As an extreme example, we all know people who made a lot of money and are broke. There are famous ones like 50 Cent…
You can’t outwork a bad diet
I work out to stay in shape and stay healthy. But I have to remind myself that working out and then eating sugar, chips, fast food, bread, fried food, etc. is, well - dumb. If I eat badly, I can never work out enough. But if I workout some AND…
The Big One
I think most of you know that I race long-distance races in the desert on motorcycles and in buggies ("side by sides" or "UTVs"). There are five movies on YouTube called "Into the Dust" documenting this kind of racing and my adventures. The Baja 1000 is the longest point-to-point, non-stop…
Challenge is the opportunity for greatness
You don't become great by finishing the laundry. Or by finishing that task - the one you have done 1000 times before. When a challenge rises before us, one that will test our abilities, or resolve or our toughness - that is our opportunity. Will you take it on?
Being unique and crafting yourself by what you learn.
When I read this passage, I had an insight - "We spend a good deal of our lives trying to convince ourselves, as well as everybody else, that we know more than we really do. While some of us know more than others about certain things, it is the thinnest…
What do you say WILL happen?
"Always bear in mind that your own resolution to succeed is more important than any other one thing." - A. Lincoln What do you say is going to happen? "He who is firm and resolute in will molds the world to himself." - Goethe
Everybody wants to grow
We all want to grow. We want to learn more, do more, and feel more able. But fear holds us back. A comfort zone a beautiful place, but nothing ever grows there. "When you get out of your comfort zone, and it works, there is nothing more satisfying." - Kristen…
What is your purpose in life?
What were you called here to do? What difference will you make? Mine was/is to make a difference in the home repair industry. To improve the service, the products/results, and the jobs for homeowners and employees, and to be the steward of what I have created to make sure nothing…
What are you making of yourself?
A bar of iron costs $12.00. Made into horseshoes, it's worth $25.00. Made into needles, it's worth $4,500.00 Made into balance springs for watches, it's worth $350,000.00 Your value is determined by what you are able to make of yourself. What is that?
What kind of movies do you like?
I don't watch TV at all. I don't watch movies a lot, or at least not as much as I used to. But I have watched three movies in the last two weeks (it is nearly winter after all) and all three were my kind of movies. I am a…
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Great advice! It can be a hard lesson for some people to learn…if they ever learn at all. I was fortunate to see those examples early in my life when people seemed to “have it all” but lived in crippling debt. There’s definitely a balance between saving every dime and enjoying life but I’ll take piece of mind and stability over a selfish purchase any day. This industry can provide that and that’s something I’m thankful for everyday!
Beside the word “consistency“ in the dictionary is a picture of Larry Janesky!
Thank you, Larry, for being there every day!
Both money and time are finite, spend it wisely.
Amen. Learning to appreciate the simple pleasures of life is a big part of this – the earlier in life you can understand this, the better.
I agree 100%. This is something we see daily with our employees and knowing that they are paid more than fairly it is frustrating to watch and hear. I wish the school systems would teach money management instead of the ” they them BS”. We have had our bankers come in and hold some budgeting trainings to try and help. If we can get one or two to be more responsible with the money they earn I feel we have a win.
I totally agree. There is an important discipline that we should all learn and all practice called “delayed gratification”. Practicing this will keep us out of a lot of trouble, including out of financial trouble.
“It’s not how much you make, it’s how much you save”.
I used to think that rising grocery and food costs was the reason I couldn’t save. While it’s true it’s more expensive nowadays to buy my weekly groceries or eat out with friends, I started tracking my spending much more thoroughly and discovered that my Amazon spending is kind of a big problem.
That really surprised me because I always price compare, so I’d think I’m saving money – but by purchasing a ‘needed’ item right away, I realizes my ‘needs’ were filled with more impulses than I realized. Now, I never buy without utilizing the ‘Save For Later’ feature or leaving an item in the cart for a few days. As time passes, I realize I never needed that ‘necessary’ item after all, it was just a convenience OR if I still needed it, I could choose to buy it or even save for a higher quality version that might last longer. By doing this, I’ve also realized why I had such a hard time decluttering my apartment in the past – it was filled with items I thought I needed, but, in reality, having fewer belongings gives me greater joy and convenience I look forward to.
Congratulations on finishing the Dakar! That is Awesome!
Agreed but I walk to work every day, a coworker drops me off at the end of the day (I own a car but my daughter uses it for her job), she is young and trying to help her get ahead and she lives with us rent free (for now). I feel like I don’t spend much on my lifestyle, I eat at home for three meals a day, and my weekly paycheck evaporates quickly. I think a lot has to do with where you live and the cost of living there. I have a 50×100 lot, no garage, small house, and my property taxes are going up to $12,000, cost of goods is always going up, as well as services within a municipality such as a marina fee for a small 17′ Boston Whaler (a boat within our means) but the municipality wants more dock fees because your property taxes wasn’t enough. Someone is always in my pocket. I was listening to your voice on a CBS advertisement on PLR as I typed this. lol Congrats on your 5,500 mile Sunday drive in the desert. 🙂