I was on the phone the other day with my good friend. Who also is a coach and trainer. We both have coached and trained hundred of individuals over the years. We were talking about some of the challenges that hold people back from pursuing their dreams or realizing their full potential. We asked each other this question?
What do you think the one thing that holds people back from being as successful as they could be?
We both thought for a minute. I think we both said the word fear, and deep down, fear is part of it. However, we both agreed that the one thing is Money. Yep money is holding people back from pursuing their dreams. Or realizing their potential. Or just getting them out of job or situation they hate.
I am not going to pretend that I am a money expert. However, at the age of thirty-two, I started to figure some things out.
I had an income of six figures or so and I was single. But I didn’t have any money. By the way. I loved my job. I wasn’t necessarily looking to leave my job. Thankfully, I came to me senses then, while I loved my job. Because the decisions I made then, eventually helped me to make the decisions I would make in my later thirties when I didn’t love my job.
So I didn’t have any money saved. I had a nice car, two houses, some money in a Roth IRA. One of my houses I lived in and the other I rented. I bought anything I wanted. I pretty much would eat out every single day. I was living the dream.
Keep in mind, everybody I grew up around and my family and my friends all considered me to be rich. My parents combined had never made the kind of money that I was making by myself with no children. And because of my lifestyle, it looked as if I was pretty well off. However, I had a car payment, a house payment, student loan payments, and lifestyle payments.
At thirty-two I started thinking about the future and how I wanted options, and I never wanted to be stuck or trapped. Being stuck is something that has always scared me. Whether being trapped in a closet as a kid because of my friends older brother. Or feeling like I was trapped in a situation that I didn’t like, because I had already committed to it.
I just don’t like the feeling of being trapped. So as I am having this awakening about my life. I knew I had to change.
I am not an expert on getting people out of debt or helping people save money. However, I have listened to hundreds of hours of people who are. I read close to one hundred books on finances. Here is the best advice I can give on money and finances.
- Stay out of consumer debt (things that don’t appreciate)
- Keep your income high
- Keep your expenses low on the things you need
- Invest into things that make you money.
- Look at things and ask yourself “How long do I have to work to pay for this?” Then decide if it is worth it.
- Pay cash for most things.
By age thirty-five I was out of all debt, and actually owned an additional two pieces of property that generated income.
I tell you my story to tell you this. I made the decision at age thirty-two that I no longer wanted to be trapped in a job because I needed the money. And I loved my job. That is the hard part, most people don’t make the hard decisions at the times when things are good, to prepare themselves for the future or for when times are bad. This is why people never get where they want to go and achieve what they want to achieve.
After coaching hundreds of people myself, and my friend doing the same. We both have come to the same conclusion, that money is the thing that holds people back.
However, you have a choice today. You can decide to make better decisions and start to change your present and your future, by deciding today that you will no longer be trapped by money. You just have to decide. It doesn’t matter how good things are today, one day, you will want something different. One day an opportunity will present itself, and you want to be ready to take advantage of the opportunity. But you have to decide today.
If you are looking for coaching on your career, money, finances, success, etc. I am sure I can help you. Someone like me who has done all of the research and lived it myself. I have all of the best resources available to help you achieve your goals. You just have to decide today.
Are you ready to make a decision today that your future will not only appreciate, but will need? If so, reach out to me at email@example.com
To your success and your future.