Posts Tagged ‘Financial Fitness’

For those of us old enough to remember the Saturday morning Schoolhouse Rock episodes, this video will be a nostalgic turn down memory lane. For everyone else, it’s an easy-to-understand explanation of what’s going on in government right now and how it is (and will) affect us in the very near future. My goodness, do I wish I’d understood this concept better when they where passing out all of the “free credit cards & free t-shirts” freshman year of college!

“Economic armageddon”

Formal education will earn you a living, self-education will make you a fortune.

- Jim Rohn

I’ve been thinking a lot about debt-free living lately and wondering if it’s really possible or just some elusive carrot on a string dangled in front of me and my working middle-class friends to keep us tuned in and tied up to the proverbial rat race.

Since wealth gurus like Suze Orman and David Bach seem to think we can live debt-free I decided to do a little research of my own and came across John Commuta’s Debt To Wealth program. His program is carried by Nightingale-Conant and I’m a big fan of their self-improvement audio discs. BUT, being that I’ve committed to a Financial Fast for the next month I figured I would check it out from the library instead and save the duckets to put on a bill payment or something.

Boy am I ever glad that I went the library route because he takes a whopping eight, albeit well-told and fully engaging, discs worth of time to describe his program which could be adequately explained in twenty minutes. So, again, I’m glad that I saved my money. However, the revelation that I got from it was priceless.

By jotting down my debts and income in the fashion he describes, I could see clearly where the leaks were in my financial buckets, so to speak. And it totally explained why I was feeling like I never had any money even though, in theory, the ledger books indicated that I should have some.

Anywho, based on John’s easy-to-understand formula, I could see clear through to debt-free living and I feel so relieved to know there is an end in sight. Now, I find myself daydreaming about what I’ll do with all of that extra money. Perhaps I’ll buy a car…j/k:)