One morning, when I was ready to work, I watched the show today. John Cena is a professional wrestler, an actor and rapper, and a guest presenter. I am not a follower of professional wrestling, but I have seen Mr. Senna in several movies. If I can describe him in one word, the word will be "chiseled".
Natalie Morales is one of today's regular hosts, he mentions his state of appearance and asks him how much time he spends exercising every day. I hope that I recorded his answer because it surprised me. I am here to explain Mr. Senna's response:
"Pay attention to what you put in your mouth and do more body every day.
Last year I made this minus 30 pounds [I calculated carbohydrates and calories on the iPhone and went further]. But when I listened to him, it reminded me of my last trip to get out of debt.
In 2010, we had $20,200 in consumer debt, plus our home mortgage. Consumer debt and car loan balance [we bought a car with a five-year loan in 2008], a department store credit card, an orthodontist bill for son's braces and a VISA. My wife and I decided that we were tired of these bills and decided to pay the bills seriously. After 23 months, all four consumer debts were rewarded. We moved on, and on August 22, 2014, we paid off the mortgage!
So what does this have to do with John Cena's advice? Keep a simple plan and implement the plan!
The first step [after deciding to get rid of debt once and for all] is to make a family budget. It is not enough to consider only income and expenses. The budget gives you the information you need to plan your attack. One of my coaching clients told me that he didn't want to have a budget because it would force him to admit that he needs to work longer to pay off his debts! The budget will reveal the problems that lead to debt.
Second, do you have a contingency fund? What do you think if you know that the bank has money to repair the dead car battery instead of charging it with a credit card? A coach customer told me that if she could only save $600, she would "lift a huge weight from her shoulders"! The budget she created shows that if her husband stops buying energy drinks at work, she can save $25 a week [he agrees]. They also canceled some other fees so they could invest $300 a month in their contingency fund.
How much should your emergency fund be? No matter how much you think, it will make you feel safe, just in case something unexpected happens. 500 dollars? 1,000? My wife and I start at $1,000.
Third, what is the order in which you want to focus on debt? Some people want to pay off their accounts at the highest interest rate first. Others [such as my wife and me] choose to pay the minimum balance first. Either the plan is effective. In addition to the debt you care about, the minimum amount is paid for each debt. This debt makes it possible for every dollar to be thrown before it until it is paid off. Then you take the money to the payment on the next debt list.
When paying the second debt, you use the money for the next debt, and so on, until they are all paid off. Don't spend extra money to kill the plan!
My new coach customer told me at our briefing that she was considering bankruptcy because she didn't have enough money to pay for all her credit cards. Once she wrote the budget on paper, she realized she was paying for all of her credit cards. We worked together to develop a plan in which she attacked a card and paid the least amount. She has income, but she didn't see any progress because every card is working. She will pay close attention to her will be able to knock out her first bill in just two months and generate the motivation needed to eliminate all her debts!
John Cena's simple and powerful advice makes you better by a simple plan: watch what you eat and be a little more active. You don't need to starve yourself or promise to spend six hours in the gym every day! After his statement, you can reduce your debt or debt relief in 2016. By setting a budget and setting up a contingency fund so you don't have to delve into the debt, then decide which debts you can focus on and put your efforts into practice to keep it simple. You can do it!
Orignal From: The face of professional wrestling can tell us how to get rid of debt
No comments:
Post a Comment