The directions we decide to take through our lives.
We make multitudes of decisions through our lives with the aim to succeed at our accomplishments and make something significant of our lives. The majority of these goals relate to income and financial stability and we hope to be able to attain this as early as we can in life.
The problem that most people have is that they do not carry through on their goals and make a lot of negative choices that inevitably keep them below their financial comfort zone, if this happens at a regular basis they can end up in a situation where they can’t keep up with their debts.
The choices we make every day create a continually moving platform or path that we navigate every momentary movement of our daily lives. You can imagine this path can’t you? . The path goes up and down sometimes extremely fast like a roller coaster, it moves to the whim of the multitudes of decisions you make at any given moment.
What is the direction you want to take at this point of your life?. Do you believe that staying on the path that you are on or have been on in the past will help you establish the income you are seeking? An Income that will help you keep ahead of your debts, allow you take your family on an overseas trip or buy the home your family deserves.
I am shore there are many things that are on your list that fit into this “I wish I had” category. I don’t have to remind myself of all the times I have said these words even under my breath and other times where I have had only a half hearted attempt at making those big changes needed.
Home loan to pay off!
Many families have a lot of difficulty finding the kind of work that makes it possible to keep afloat financially in life. They work themselves into the ground continually doing many hours of overtime to get ahead of the money pits of life. They feel that they are stuck in the jobs they do because that is the work the people around them have done through generations. Maybe even tied to family business. It is time to get out of the notion that you can only make a set amount of income for a set hours work.
Diversification is an important step towards creating a constant income flow, a number of different income streams that would help maintain the lifestyle of your choosing.
Take the farming community,
We know that in some cases farming can be a very unstable income producers the highs and lows can be extreme. You spend many hours including nights prepairing the ground and planting crops only to find months later after having no rain or other conditions unfavorable for growth a full years crops can be losses that are heartbreaking. Extended years of losses can mean that could have financial problems and possibly in extreme debt and the bank takes over the farm because you can’t keep up with the payments and you end up loosing everything.
Farming has its own variety of income streams like my own families 1500 acre farm where I had spent the 1st 25 years of my life running Sheep, Cattle, Wheat, Oates ,Barley and sunflowers and other crops like lupins. If the crops fail then you have to dip into the savings to buy feed for all the stock. If you have had a few good years you would have stored grain and hay to help with the hard times.
financial interests outside of the farm environment can give a more balanced and overall stable financial plan, when in a difficult financial situation with the farm the incomes coming in from outside interest can maintain financial stability.
Now is the time to make a change in your financial situation.
Bite the bullet now! Don’t wait till your about to lose your house or car or the debt collectors are buzzing around outside your gorse door.
If you have your car repossessed, It doesn’t matter if you have ten thousand still to pay on it, When they take possession it can be sold to recuperate money owing and they might sell the car for whatever the highest bid is which might be three grand. If that happens, that will leave you with a seven thousand bill still owing to your lender, and you no longer have a car.
There are very few people out there who can afford to let something like this happen, this kind of loss can have devastating affects on a whole family and create long lasting rippling affects that can reverberate through my financial and emotional lives of those involved.
Where are you financially in your life right now?
It’s time to think about where you are now in time right now. and where you want to be in one or two years time. Do you think this is an important topic? This is a topic that relates to a majority of people. Most of whom do not know how to get out of their current situation and tend to settle in to a sedentary life where they don’t like having to cope with change.
They prefer to take the easy ride along the well traveled currents of non excitement through the never ending chaos of life. Accepting change can be a huge obstacle in many lives. Not asking for a raise from your boss because you might be afraid that he might sack you instead. And if he sacks you it will put your regular payments in jeopardy when your income takes a dive.
Rather than the possibility of that happening the’re prepared to stay in their always up and down so called comfort zone, being prepared to put up with the occasional debt collector that may pass bye, or having the electricity cut off because they hadn’t paid their bill.
Where do you want to be?
I would love to be able to be financially able to assist my daughter and her family by paying off their home loan, Now while my wife and I are still here and not to have her wait till we are gone. It would be a great benefit for them at this time.
I am not in that position at this time but it is one of my goals for the near future. I realize how important they are to our ultimate success. We tend to move in the right direction when we have had a lot of hard knocks and are sick and tired of having to get up from the gutter after we have lost everything we have worked hard for in life.
The question we have to ask ourselves is, How important is it to you at this point in time to find a better income opportunity and to get out of your financial predicament.