Thoughts on Finances and Coaching

When I think about the financial situation that so many people are in today I can easily become frustrated, sad, and angry. I remember being in debt and how much it robbed from me, not just financially, but in life as well. When we do not have our finances under control we become stressed more easily, I know I did. There are so many people that I hear talking about their money and specifically their debt, some people seem proud of their debt or at least their purchase they made on credit, while others seem hopeless and think their life will never look any different, but for many people it’s just a way of life and a way to get ahead in life. I used to think that debt would help me experience financial freedom, but it never did, and in fact it caused me to experience financial insecurity instead.

Growing up I was taught how to reconcile a checking account, and I’m sure that I was taught how to budget, but I never did it until I had to out of necessity because I needed to get out of the financial mess I had gotten myself into. It wasn’t until my wife and I went through Dave Ramsey’s Financial Peace University class that we really became aware of our finances and our need to sit down and do a regular budget. Let me tell you, this was extremely hard for me, especially at first. I am naturally a spender and even today I have a hard time sometimes not spending outside of our budget, but what I have learned is that the only way to truly start having success with your finances is to start budgeting because it makes us aware of how much we are spending and where it is going. Our income actually has very little to do with our financial success. Obviously if we make more money we have a greater potential to have more money, but only if we are responsible in our spending.

Somehow we all need to get to a place of being sick and tired of being in debt and just quit! When we were getting out of debt it felt great to be paying stuff off, but it wasn’t until later that we really started to not want to ever go into debt again. Let me clarify, we never wanted to go into debt other than to buy a house. Now we do not want to go into debt even to purchase a house and we are saving in order to make that a reality and hopefully we do not get in a rush and decide to take out a mortgage anyway. I’ve experienced home ownership while in debt and while being house poor and I do not want to go back to that again so no matter what if we decided that we were going to take out a mortgage to get into a home it would be mostly paid for and we would work hard to get out of the loan as quickly as we could, less than five years.

We need to stop encouraging one another to take out debt or to purchase stuff that we cannot afford. We need to start being more vocal when we think someone’s purchase was not smart and let them know that there is a better way. The only way that we are really going to see a change in how finances are viewed is to talk about them and to stop condoning and encouraging behavior that causes us stress and financial harm. Have some people gotten ahead in life by going into debt, probably, but how many more have lost because of debt?

Living life in debt robbed me from enjoying life to the fullest, but now after spending the time and energy to get out of debt and now spending time and energy saving while enjoying giving and helping others we are able to enjoy our lives. We still have goals, we still have dreams, and we still have fun, but we do it with cash in hand or we don’t do it at all. We still budget and for the most part we stick to it. Do we still waste money sometimes…yep, but the more we follow the budget the easier it is to stick to it and use it to set ourselves up for a future of financial freedom versus a future that is filled with fear.

If you would like some help taking control of your finances I would be honored to help. I want others to experience some of the things that we have gotten to experience and things that we look forward to being able to experience in the future. Please let me know how I can help, I am here for you. And if you think others need to hear this message please like my page and share this post and others. Our journey toward financial freedom should include helping others by encouraging them and sharing tips that we have learned along the way. Together we can help make a positive change in the lives of the people around us.

God Bless,
Jeremy Lindeman

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