Being Financially Fit is a topic that I had planned on writing about, but how do I do that? Then, after sitting down this past Saturday and pulling together my tax information and looking at the statement I got from Beachbody for my income this past year, I realized, I probably can write about this topic. I know it may be weird coming from me. I write a lot about being Physically Fit and I was going to entitle this blog “Fiscally Fit” to have the pun in there, but decided on this title instead.
The truth is, most people spend so much time going back and forth from home to work to home to work that they don’t really pay much attention to their finances. As a result, most people end up with more month than money and they play the bill juggling game of “who can we put off this month” and making minimum payments. Everything is bought on time. Very few things are paid for anymore with cash. It’s not just vehicles and houses anymore. It’s furniture, appliances, vacations, just about everything you can imagine. It is all paid for a little at a time, month by month. If you are never late and make the minimum payments, you will have a good credit score, but it sure makes for a tough time when bill time rolls around. So, how do you get to be Financially Fit? The answer is easy, really. Make more money and decrease your monthly bills. But how do you do that? Well, the answer lies within you. How badly do you want to be out of debt and be Financially Fit or are you happy not doing anything different because change is hard and you are comfortable with being miserable with your finances every month? If you are ready to start to look for answers on being Financially Fit, I suggest starting with anything Dave Ramsey says. The truth is, if all you are relying on is a college education to be financially independent and/or wealthy, you’re going to have to be smart to balance your budget and handle your finances because you’re going to have to be good at juggling. A college education these days is a good place to start but it is still no match for being SMART.
Financially Fit – It’s not easy
If it were easy, everybody would be doing it, right? How many people walk around every day wishing things were different and hoping things change? They want to be Financially Fit, but they never really do anything to change their circumstances. The bottom line is they don’t have an equity stake in what they are doing. By not having equity in the company or business they are involved in, they never really give it 100%. Most people are content to just let life happen to them. The saying goes, even a dead fish can float down a river. Tragically, that’s what most people do. They have the herd mentality. They just float down the river. They don’t try to swim upstream and do something different. There is another saying also. If you serve the classes, you live with the masses. If you serve the masses, you live with the classes. Is what you are doing day in and day out serving a lot of people or are you just serving your master (boss)? If you don’t have equity in your position, you are just making the dreams of someone else come true. Your boss doesn’t care about your dreams. Your boss is concerned about making a profit so they can stay in business and making their dreams come true. If a company isn’t making money, either for the investors or the owners, they can put their money into a bank and draw interest. No company is going to stay in business long if they don’t make a profit. That also means they aren’t going to keep you around long if you aren’t contributing to the company and you aren’t contributing more than they are paying you. It’s a simple fact of life. You will also get paid more if you are contributing more. I heard someone say once, a brain surgeon who is doing the job of an elevator operator will be paid what an elevator operator makes. An employer can’t afford to pay a brain surgeon what a brain surgeon makes if he is doing a “less important job”. So, if you want to make more money, you have to be more valuable to the masses than to the classes. That will help you be more “Financially Fit”. If you want to know if you are broke, here are two questions to ask yourself. 1) Am I trading hours for dollars or building a residual income to make money while I sleep or go on vacation and 2) Do I turn in my taxes before April 15th? If the answer to either, or both, of these questions is yes…you’re broke.
Becoming Financially Fit
Becoming Financially Fit wasn’t something I thought about much in my 20s and 30s. I knew if I wanted to get ahead I had to have a good job and “work hard”. I had done a few entrepreneurial things but nothing ever really panned out so, I was relegated to just following the masses, working for the classes and earning my good paycheck. Nothing really changed until I found Beachbody. I had a goal of the income I wanted to make by the time I was 50 years old. I may could have done that with my Engineering job, if everything had gone “according to plan”. But, 3 jobs later after a downturn in the economy and I realized I was in the middle of a paradigm shift. Things aren’t being done today like they were for generations before us. Social Security will likely be gone by the time I draw it. Pensions are a thing of the past. Benefits are being cut. Inflation is killing us. Something had to change. Being a full time Beachbody Coach was the best financial decision I ever made, and I had made quite a few of them. Not only did I get Physically Fit and loving staying there, but, I’m getting more and more Financially Fit every year also. I love being able to help others and getting paid for it. Owning my own business and serving the masses but having access to household brand name products like P90X, Insanity and Shakeology are just, well, nothing short of AWESOME!! Contact me and let’s talk about it and see if it’s right for you.