This post is Day 27 Stay out of debt as part of my Happiness series.
It is also number 48 in my happiness list.
Perhaps one area of our lives that often needs great attention, is the need to stay out of debt. Personal debt in our country is currently at a staggering level and there has never been a better time to be wise with our finances. I have learned a little about debt in relation to happiness over my time and I have discovered five main tips in relation to achieving finanical happiness:
1. Understand needs verses wants
2. Spend more than you earn = misery
3. Spend less than you earn = happiness
4. Interest never sleeps
5. A budget is essential
I so love a quote by J. Reuben Clark Jr.:
“Interest never sleeps nor sickens nor dies;...Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.”
I have personally felt crushed by debt several times and I know now there is good debt and bad debt. If you are in a situation where debt is controlling your life, there are ways to overcome it. It is possible to restore financial peace. I love the feeling that being in control of my finances brings, the peace in knowing that our house is in order in that area and the security of having a little savings gives.
A big boost in relation to happiness for myself and my relationships within my family.
Recently, I have had the wonderful opportunity to do some more reading about finances when I was sent a book to review written by the lovely Kylie Ofiu from Aspiring Millionaire and now her new site Kylie Ofiu Author of 365 ways to make money.
Kylie knows what she is talking about when it comes to making money. As one of nine children she has grown up in a home learning to be resourceful and practical. All you need to do is check out her blog to know she is one determined and focused lady on reaching her goals of earning some more cash. After all she is an aspiring millionaire!
Her new book is a insightful look into the many different ways that we can bring money into our home. It is a great resource if you currently are in debt and are looking for ways to speed up the process of earning some extra cash. Her book is practical, easy to navigate and informative. It contains ideas that have been tried and tested and some just look like pure fun to try and do at home.
365 Ways to Make Money is broken down into sections for easy application as some ideas range from quick and easy cash making ventures to larger scale opportunities to earn some much needed cash. Her book is not just a list of ideas, each idea is explained in detail and has symbols to help explain what may be required to make it happen.
I love, love, love that there is a symbol system used in this book. Some symbols relate to ideas you can do at home, ideas you need qualifications for and even a symbol that children (under 18 years of age) can undertake to earn some cash. Easy for me to relate to and even a great help for my children to understand when they start reaching the age of wanting to earn some more money.
I can now see myself saying when the cherubs come complaining to me about wanting some money,
'Go and get Kylie's book, 365 Ways to Make Money and pick out a way to make it happen!'
thank YOU Kylie!!!
With a new idea you could try every day of the year, 365 Ways to Make Money will get your mind thinking about getting motivated, dumping your excuses and seeking opportunities to reach your goals. I know after reading the book I started to devise different ideas in my mind on how I could make some extra cash to pay off our home loan a little quicker and to work my way to becoming a millionaire myself.
Thanks to Kylie and Wright Books I have the wonderful blessing of being able to giveaway a signed copy of her new book, hot of the press, 365 Ways to Make Money to a Seven Cherubs reader.
Here are the guidelines:
1. Add yourself as a follower on my blog
2. Open to Aussie residents only
3. Winner chosen by the random number generator
4. Entries close 11th July, 2011
5. For an extra entry share on facebook or twitter and come back and tell me
6. Please make sure you have your email attached to your profile or leave it below
7. Leave a comment below to enter and tell me:
What is your best idea for making money???
Congrats to Tracy you are the winner!
Congrats to Tracy you are the winner!