Wednesday, September 30, 2009

Chapter 5- The Five Laws of Gold

We are half way through the book! Are you enjoying it so far? Ready to dive into Chapter 5?

For those of you who are new to this blog we are reading The Richest Man in Babylon right now. You are welcome to join in and start reading the book. Below is a link to the book:


Kalabab- storyteller, tells of the story between Arkad, the wise rich man and his son Nomasir

Main Points:

The 5 laws of gold:

1. Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.

2. Gold laboreth diligently and contentedly for the wise owner who finds for it profitable employment, multiplying even as the flocks of the field.

3. Gold clingeth to the protection of the cautious owner who invests it under the advice of men wise in its handling.

4. Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.

5. Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.


"Gold is reserved for those who know its laws and abide by them." page 59

"Our wise acts accompany us through life to please us and to help us. Just as surely, our unwise acts follow us to plague and torment us. Alas, they cannot be forgotten. In the front rank of the torments that do follow us are the memories of the things we should have done, of the opportunities which came to us and we took not." page 73

Take Home Points:

Arkad wanted to make sure that Nomasir knew how and understood the handling of money.

If you don't know how to handle money than any amount of money will be spent or wasted.

His father gave him a test to make him experienced with the handling and care of money.

Do you want to become more experienced with money? Do you feel more confident now that you are learning these money rules?

Best wishes,


93 Days In 2009- Getting Out of Debt Challenge

93 Days Left in 2009

Activity #93

This activity will take you about 30 minutes to complete.

Make a list of all of your good habits.


Floss teeth every night

Walk outside for 45 minutes each day

Read for 1 hour each day

Now, let everyone know the good habits that you are proud of! These are the habits that improve your life.

Best wishes,


Tuesday, September 29, 2009

94 Days In 2009- Getting Out of Debt Challenge

94 Days Left in 2009

Activity #94

This activity will take you about 30 minutes to complete.

Make a list of all of your credit cards, 1-800 numbers on the back of your cards, website, bill payment date, and the amount you owe on each card.


Banana Republic Credit Card

1-800-999-0000 (not real number just an example)

15th of every month my bill is due

$536.00 I owe for this upcoming month

Best wishes,


Monday, September 28, 2009

95 Days In 2009- Getting Out of Debt Challenge

95 Days Left in 2009

Activity #95

This activity will take you about 30 minutes to complete.

Write down how you feel when you are spending money.


I feel anxious when I spend money on myself because I feel like I should be spending money for someone else in my family. I also know that I have a lot of bills to pay so buying something for myself takes away from paying the bills. This ends up making me feel bad about myself. I know it shouldn't but it does.

Please come back and share how you feel about spending money. We are all learning so much from each other. I am getting emails daily about how much this is helping and how much you all are having fun with this activity. I am so happy!

Best wishes,


Sunday, September 27, 2009

96 Days In 2009- Getting Out of Debt Challenge

96 Days Left in 2009

Activity #96

This activity will take you about 30 minutes to complete.

Write down everything that you spend money on today. Keep a piece of paper in your wallet or purse to write down all of the money that you spent today.


McDonald's- Breakfast sandwich meal $3.59

Exxon- Gas for car $38.75

Gap- T-shirt for myself $15.00

Once you are complete with this activity come back here and let me know what you learned about your spending habits for the day. As always this can be an anonymous comment.

You are doing so well! Keep up the great work.

Best wishes,


Saturday, September 26, 2009

97 Days In 2009- Getting Out of Debt Challenge

97 Days Left in 2009

Activity #97

This activity will take you about 30 minutes to complete.

Setup your automatic bill pay to pay between $1 to $10 a day towards your credit card debt or into a saving account. Make the duration be from 9/26/2009 to 9/26/2010.

DO NOT STOP paying your monthly balances. This is intended to be in addition to the money you are already paying towards your monthly bills.

For example:
If you save $10 X 365 days you will have $3650 in savings in 1 year. This can be whatever amount you can afford at this time. If it is only a penny a day that is fine because it just gets you into the habit of automatically saving or paying down your debt without having to think about it.

This technique helped me so much because I didn’t have to think about it because it was automatic. I didn’t even miss that money in the end.

Come back here and comment the automatic amount that you have picked ($1, $2, $3, etc). You can always comment anonymously.

Best wishes,


Friday, September 25, 2009

Weekend Quote #9- You are today...

To my dear readers,

I don't know about you but I am so excited that the weekend is finally here! The quote for this weekend is:

"You are today where your thoughts have brought you; you will be tomorrow where your thoughts take you."
~ James Allen
I hope have a very nice weekend. I am going to go now and make those outrageous brownies!
Best wishes,

98 Days Left in 2009- Getting Out of Debt Challenge

98 Days Left in 2009

Activity #98

This activity will take you about 30 minutes to complete.

Write out 5 steps that will help you attain your getting out of debt goal.

1. Get a second job.
2. Sell items around the house on eBay.
3. Stop smoking (save the money you would spend on a pack of cigarettes).
4. Automatically pay $3 a day towards your debt.
5. Stop using your credit cards.

Write these steps down on a piece of paper and put this in a place where you will see it every morning and evening before going to bed.

Next, come back here and put your 5 steps that will help you attain your getting out of debt goal in the comments section. You can leave an anonymous comment if you would like. This way you are making your steps publicly known and this will make you more accountable because other people know your steps now. I promise that extra accountability will keep you on track and moving forward.

Best wishes,


Thursday, September 24, 2009

Favorite Dessert Recipe

Before I get to the recipe....

I am looking for all of my blog readers who have online stores or sell things online to make extra money. Ideally, this would be someone who is trying to pay off their debt.

I am asking for two reasons:

1) I am looking for Christmas gift ideas for my family and friends and I want to support people who are struggling this holiday season

2) I am creating a series of blog posts about great gift ideas under $5, $10, $20, $25, $35, etc. and I want to support my readers and followers who are trying to make extra money

If you want to be featured on my blog please leave a comment or email me at: I will look over and decide if your crafts and works of art fit into any of the dollar amount categories and ideas. Forward this onto all of your crafty friends who may be interested as well.

I really want to help you all out! I know a lot of people are struggling with the recession and being out of jobs. Plus I know there are a lot of crafty people out there and I would love to give my family and friends something original for Christmas this year.

Now to my post for today....

You have been working the last two days on the Last 100 Days of 2009 Challenge! Thank you for all of your participation and emails. I love that I am helping so many of you. This is very fun for me too.

Therefore, I thought it was only appropriate to show one of my favorite desserts for all of your hard work. You can celebrate this weekend by making it! I am participating over at Kellys Korner Blog with this recipe.

Drum roll please......

Did you know the word "desserts" spelled backwards is "stressed?" I ate waaayyyy to many of these while I was getting out of debt.

Best wishes,


99 Days Left in 2009- Getting Out of Debt Challenge

99 Days Left in 2009

Activity #99

This activity will take you about 30 minutes to complete.

On ____(goal completion date)________ I will be out of _____(amount of debt)_______ of debt.

Write your getting out of debt goal. Tape it on your mirror and look at each morning when you are getting ready and each night before going to bed.

Example: On October 1, 2010 I will be out of $5,000 of debt.

Next, come back here and leave your goal in the comments section. You can put an anonymous comment in if you would like. This way you are making your goal publicly known and this will make you more accountable because other people know your goal now. I promise that extra accountability will keep you on track and moving forward.

Best wishes,


Wednesday, September 23, 2009

100 Days Left in 2009- Getting Out of Debt Challenge

100 Days Left in 2009

Activity #100

This activity will take you about 30 minutes to complete.

Pick a motivational getting out of debt quote for you. Write it down and carry it with you each day. Make sure to look at it often.

For example:

"Empty pockets never held anyone back. Only empty heads and empty hearts can do that."
~ Norman Vincent Peale

Next, come back here and type in your motivational quote you will be using. You can leave an anonymous comment in if you would like. This way other readers can get ideas and inspiration from the quotes that you have selected.

Best wishes,


Monday, September 21, 2009

Step 3- Analyzing Habits

Step 3: Analyzing Habits

“The discontinuance of a habit leaves a hole in the mind, and this hole must be filled with some other form of habit or the old one will return and claim its place”
~ Napoleon Hill

Analyzing Habits is the third step in the Janie's 6 Step Plan for Getting Out of Debt. This is where you determine what your good and bad habits are in your life.

I have been reading a book by Napoleon Hill and he talks about discontinuing bad habits by replacing them with good habits. For instance, the spending habit must be replaced by the saving habit. Or the buying on credit habit should be replaced by buying with cash.

"Any habit may be discontinued by building in its place some other and more desirable habit." ~Napolean Hill

1. Do you write down all of your expenses?

Janie's Answer

2. What are you bad habits?

3. What are your good habits?

4. What habits would you like to change?

5. What habits are costing you a lot of money?

P.S. This list will continue to grow because of the evolving nature of this process and the Janie Out of Debt Blog.

You are doing a great job!

Best wishes,


Chapter 4- Meet the Goddess of Good Luck

Today we are discussing Chapter 4 of The Richest Man In Babylon by George S. Clason.

There were no new characters introduced in this chapter so I am going to skip that section for today.

Main Points

  • The desire to be lucky is universal.

  • There is an instinct common to most people to take a chance with a small amount of money in hope of winning big (a.k.a The Lottery)


  • "...good luck waits to come to that man who accepts opportunity." page 52

  • "Those eager to grasp opportunities for their betterment, do attract the interest of the good goddess. She is ever anxious to aid those who please her. Men of action please her best." page 58

  • "Action will lead these forward to the successes thou dost desire." page 58
Take Home Points

  • To attract good luck to oneself, it is necessary to take advantage of opportunities

  • Good luck can be enticed by accepting opportunity

  • People of action are favored by the goddess of good luck
If you want to review the previous chapters I have linked to them all here.

Chapter 1
Chapter 2
Chapter 3

Best wishes,


Sunday, September 20, 2009

100 Day Getting Out of Debt Challenge

Of 2009...
So, I thought of this great idea after looking at my calendar for the rest of the year. I am doing a lot of planning these days because I have so many birthdays, holidays, parties, work, etc. coming up. I realized that there are only 100 days left in 2009 starting September 23, 2009.

I thought it would be amazing to see how much I could accomplish in the last 100 days of this year. I want to leave 2009 with a big BANG both in my personal life but also on this blog.

Therefore, starting on September 23, 2009 and each day until the end of the year I will give everyone a little financial knowledge building challenge to complete that day.

Would you like to join me in this challenge?

Challenge Rules: Please complete the assignment for the day and then come back here and comment about it and leave a link to your blog (if you have one). If you don't have a blog that is okay because I love reading all of the comments. I really want to get to know everyone who reads my blog.

I hope you enjoy this challenge as much as I do.

I will give you a sneak peek to the first challenge day.

The assignment for day #100 is to read this article: Personal Goal Setting .

Happy Reading! See you on September 23, 2009. Oh, give yourself about 30 minutes to complete your challenge each day.

Best wishes,

P.S. Tomorrow I will be discussing Chapter 4 of our Book Nook book. As the challenge is going on I will still be posting regular posts. So, you may get two posts in one day!

Friday, September 18, 2009

Weekend Quote #8- The future belongs to...

The future belongs to those who believe in the beauty of their dreams.
~Eleanor Roosevelt
This is such a beautiful time of the year.  I hope you enjoy your weekend and you get time to dream!
Best wishes,

Thursday, September 17, 2009

What money has taught me about personal power?

In the September 2009 edition of Oprah magazine there is an article by Suze Orman: "What Money Has Taught Me About Personal Power."

I thought this was a great article and it stuck with me for days.  Do you ever read those blog posts, book, articles, etc. that just stick with you?  You can't seem to stop thinking about them.

Well, this article did it to me!

Here goes:

1.  Power comes from who you are, not what you have.  Some where along the way society has programmed all of us to think that external achievement is what gives us power.  But that is only perceived power and it can be gone in a second.  Remember there is a big difference between external and internal power.  If you build up that internal power then you can get through anything and no one can take it away from you. 

2.  Money has no power of its own.  You are the one with the power not the money.  You are the one who decides what to spend money on, when to save money, how to borrow money, etc.  It is all up to you. 

3.  Self-worth builds net worth.  Here is an interesting concept to ponder- we tend to spend more than when we feel less than.  When you are feeling low you usually spend more because you think it going to make you feel better.  It usually makes you feel worse. 

4.  Do what's right, not what's easy.  Suze Orman has a set of gatekeeper questions she asks herself-
  • Is it kind- to me?
  • Is it necessary- for me?
  • Is it true- for me?
5.  Ignorance is not bliss where money is concerned.  At the end of the day you need to be informed about financial matters in order to make good decisions for yourself. 

6.  How you respect your possessions says a lot about how you respect yourself.  Do you spend endless amounts of money replacing possessions because you can't find something due to lack of organization?

What do you think about these? 

Best wishes,


Wednesday, September 16, 2009

Dinner For Four Under $10

I am excited because today is show us your favorite recipes over at Kelly's Korner Blog.  I love reading People magazine so I was pleasantly surprised to find this section, "Dinner For Four Under $10" towards the back of the magazine.

It is Gazpacho my favorite go to dish!

5 very ripe beefsteak tomatoes, plus 1 cut into 1/4 inch cubes set aside

2 large English cucumbers, plus 1 cut into 1/4 in cubes set aside

2 jalapenos, seeded and stemmed

1 small red onion, plus 1 cut into 1/4 inch cubes set aside

2 slices day-old white bread, plus 3 slices cut into 1/2 inch croutons and toasted in extra virgin olive oil in pan until deep golden brown

3 cloves garlic, peeled

1 cup ice plus 1/2 cup water

4 tbsp. red wine vinegar

1/2 cup extra virgin olive oil, plus more to drizzle

Salt and pepper

1. Core and seed tomatoes. Peel and seed cucumbers. Stem and seed the peppers. Tear two slices of bread into pieces. Combine vegetable, bread and liquids in food processor and process until almost smooth; season with salt and ground pepper.

2. Pour soup into a pitcher, cover and refrigerate until very cold. Toast remaining bread in the oven with olive oil to get deep golden brown croutons. Place croutons, bell peppers and cucumber garnishes in small bowls with garnish bowls on the side and drizzle each serving with a little more extra virgin olive oil.

I know what I am having tonight for dinner. Would you consider making this dish? Do you want me to continue posting meals for 4 under $10?

Best wishes,


Tuesday, September 15, 2009

Why do I blog?

I got the following question in my email box the other day and I would like to respond to it here: "You are such an inspiration. I love your blog and read it every day. Can you please tell me why you decided to blog about getting out of debt?"

First, let me thank you for your kind words. It is so uplifting to hear from individuals all over the world that I my blog is an inspiration to them. That right there is the main reason I blog because I love helping others. I believe that you should leave this earth a better place than how you found it. :o)

Why do I blog?

I blog because I know how difficult and emotionally fragile I was when I was trying to get out of debt. I turned to many different sources but I mainly turned towards blogs on a daily basis. I liked feeling that others were also going through similar feelings and situations that I was in. I liked not feeling alone.

It gave me hope. It gave me the feelings and beliefs and knowing that it was possible to get out of debt. It helped me so much. Now, I am trying to create the blog that I would have wanted to read when I was digging out of my credit card debt. Here is what I was looking for and what I am offering on this blog:

1. Motivational Quotes: those sayings and quotes that keep you going when times are tough

2. Structure: when you feel overwhelmed or you don't know where to begin. It is always nice to have structure to feel in control and heading in the right direction.

3. Books: book reviews and learning are always great

4. Hope, Faith, Positivity: an inviting uplifting place for you to come and believe in yourself and your abilities. Plus having a prayer list available.

5. A real Human behind the Blog: I am a real person that has thoughts and feelings and I can offer support and community at this blog. Most importantly I care and I want you all to succeed.

In the comments section below, let me know what you would like to see more of in this blog?

Best wishes,


Monday, September 14, 2009

Chapter 3- Seven Cures for a Lean Purse

Today, we are discussing Chapter 3 from The Richest Man in Babylon by George S. Clason.

Chapter 3- Seven Cures for a Lean Purse


Sargon- the good King returns to Babylon after defeating the Elamites he was confronted by a dire situation
Aggar- a shield maker was Arkad's first profitable investment
Ansan- the sandal-maker

Main Ideas:

"I shall teach you in simple ways how to fatten your purses." page 26

The first cure- Start thy purse to fattening
The second cure- Control thy expenditures
The third cure- Make thy gold multiply
The fourth cure- Guard thy treasures from loss
The fifth cure- Make of thy dwelling a profitable investment
The sixth cure- Insure a future income
The seventh cure- Increase thy ability to earn


"That what each of us calls our 'necessary expenses' will always grow to equal our incomes unless we protest to the contrary." page 29

"All men are burdened with more desires than they can gratify. Because of my wealth thinkest thou I may gratify every desire? "Tis a false idea. There are limits to my time. There are limits to my strength. There are limits to the distance I may travel. There are limits to what I may eat. There are limits to the zest with which I may enjoy." page 29

"Study thoughtfully thy accustomed habits of living. Herein may be most often found certain accepted expenses that may wisely be reduced or eliminated. Let thy motto be one hundred per cent of appreciated value demanded for each coin spent." page 29

Take Home Points:

  • Study and become wiser
  • Become more skillful
  • Respect thyself
  • Don't feel limited because there is more money to be made and an abundance for all

I hope you are feeling inspired and excited about this book. It is so wonderful.

Best wishes,


Sunday, September 13, 2009

I have been posting...

To all my followers,

For some reason my blogger updates aren't appearing for my followers in the dashboard. I contacted Google about this so hopefully it gets fixed soon. Until they fix it you will need to check back here to see my most recent posts. I am so sorry about this. I believe the last update you have is from How I delay gratification?

Again, I apologize for this inconvenience.

Best wishes,


5 Success Tips

Recently, I stumbled across a list of entrepreneurial success tips. While reading them I thought they were perfect for this blog. The tips are:

Passion- love what you do, work never feels like work if you love your job

People- surround yourself with bright, energetic, optimistic people

Planning- always update your plan

Persistence- continue to work your plan and never give up

Personal Well Being- it is important to take a break

Profits- you are in business to make a profit

Why are these perfect for blog readers like you and me? They are perfect for 5 distinct reasons.

First, it is important to find work that pays the bills and hopefully satisfies you at the same time. I realize that you may not love your job but you need the money to pay the bills. A majority of the population is likely stuck in jobs and around people that they don’t like because it pays the bills. I have been there and it isn’t fun but it is necessary to survive.

Second, in your personal life, you want to align yourself with individuals who are helpful. Ideally, these people will also believe in your abilities and boost you up. If you have people in your life who are hurting your finances then you may need to reevaluate those relationships. See my blog post about toxic friends, which by the way is one of the most popular blog posts I have written to date. I guess we all have toxic friends.

Third, you want to have a plan of attack for your debt and a way to track your progress. It is best to have a plan because you know what direction to steer your personal finance life boat. With your plan in hand, you are now in control and heading in the right direction.

Fourth, we need to never give up on ourselves and our goals. You want to keep working hard towards your goals and never, never, give up.

Fifth, you want to reward yourself for all of your hard work. By loving yourself and treating yourself with inexpensive treats you will stay motivated and feel rejuvenated. This is also another popular post- rewarding yourself with inexpensive treats.

Best wishes,


Friday, September 11, 2009

Weekend Quote #8- Time Is Spent Forever

To my fabulous blog readers,

It is important to know how you spend your time. Take inventory of the time you spend on all of your activities this weekend and upcoming week. Are you putting your time to good use? Or are you wasting time?

“Remember, you can earn more money, but when time is spent it is gone forever.”
~ Zig Ziglar

If you want to view more motivational quotes you can go here:

I am posting this on Works For Me Wednesday over at We Are That Family.

Best wishes,


Wednesday, September 9, 2009

Chapter 2- The Richest Man In Babylon

Welcome, to the second day of discussing, The Richest Man in Babylon by George S. Clason.

I know many of you purchased the book from this site at Amazon and you are enjoying it very much. I am so glad because it is one of my favorites. This is my fourth time reading the book!

This time around I am getting more out of the book because I am taking notes while reading. That is why I think writing and keeping a journal is so important. You are more focused and I believe process information differently when you write concepts down (or type them up on your computer).

Are you ready to dive into Chapter 2?

Chapter 2- The Richest Man in Babylon

These are the characters introduced in Chapter 2- Algamish, Azmur, and Aggar.

Algamish- the money lender

Azmur- the brickmaker
Aggar- the shield maker

Main Ideas

Two reasons why Bansir has not acquired more than a bare existence:
  1. Failed to learn the laws that govern the building of wealth

  2. Do not observe the wealth building ways

To achieve what is desired, time and study are required

3 Laws of Successfully Handling Wealth

  1. How to acquire money
  2. How to keep it

  3. How to use it

Quotes from Chapter 2

"Wealth is power. With wealth many things are possible." page 11

"As for time, all men have it in abundance. You, each of you, have let slip by sufficient time to have made yourselves wealthy. Yet, you admit, you have nothing to show except your good families, of which you can be justly proud. As for study, did not our wise teacher teach us that learning was of two kinds: the one kind being the things we learned and knew, and the other being the training that taught us how to find out what we did not know?" pages 11-12

"I found the road to wealth when I decided that a part of all I earned was mine to keep." page 13

"Wealth, like a tree, grows from a tiny seed. The first copper you save is the seed from which your tree of wealth shall grow. The sooner you plant that seed the sooner shall the tree grow. An the more faithfully you nourish and water that tree with consistent savings, the sooner may you bask in contentment beneath its shade." pages 14-15

Take Home Points

Pay yourself first, save 1/10 of your take home pay every pay check. For instance, if you make $1,000 then save $100 of it first before doing anything else with the rest of the money.

Learn to live upon less than you earn

Stay tuned because next week we will be discussing Chapter 3 Seven Cures for a Lean Purse.

Best wishes,


Getting Out of Debt Rule #5

Rule # 5 You gotta tell yourself enough is enough.

You may never be truly happy inside until you accept your current position in life. There will always be someone else out there who is better, prettier, smarter, richer, healthier, etc. The peace that you get from focusing on yourself and being grateful for you is priceless.

You are unique and beautiful in your own way. That is something to be cherished and celebrated!

Just think someone may be comparing themselves to you and thinking wow he/she has it all.

We all have to say enough is enough and begin living our true lives. We don't need all this stuff.

Best wishes,


Tuesday, September 8, 2009

My debt breakdown…

In 2003, I was in $26,000 of credit card debt. Here is a general year-by-year breakdown of my debt repayment process.
2003- $26,000 (combined starting balance on all of my cards)
I would pay $433.33 each month towards my multiple credit cards which would total $5,200 each year.
Therefore, at the end of each year my amounts looked something like this.
2004- $26,000 - $5,200 = $20,800
2005- $20,800 - $5,200 = $15,600
2006- $15,600 - $5,200 = $10,400
2007- $10,400 - $5,200 = $5,200
2008- $5,200 - $5,200 = $0
Just to put a few things in perspective. First, I am rounding these numbers so it didn’t look as perfect as I am describing here. Second, at times I lapsed and started to spend on my credit cards so my balances weren’t always going down each month. Third, I wanted to show my debt repayment this way because I want to discuss my Getting Out of Debt Rule #3 again.
This was a popular post because I think many of us don’t pay attention to the small things in life that are budget busters.

Anyway, let me take my vending machine example again. By the way, I love vending machines because I have a sweet tooth and just can’t resist sugar sometimes. Say I spend $3.00 every day for an entire year on candy from the vending machines in my office, at the mall, at school, and at the pool. That is $1095.00 that could have gone to my debt.
Now, I want to do the math for you. If I had taken that $3.00 and paid a credit card bill each day I would only have to come up with an additional $4105.00 for that year. Or that would be an additional $342.08 each month.
Isn’t $342.08 easier than $433.33 to handle?
Well, that is my breakdown of my credit repayment folks. What I am not talking about is my daily breakdowns? I had many of those. I will save that for another post.

Best wishes,


Monday, September 7, 2009

Needs, Wants, and Delaying Gratification


Last week, I wrote a post on delaying gratification and it created a lot of talk, comments, and emails to me. Now, I am in the process of putting together a series of "how to delay gratification?" for this blog.

I see that this is something that a lot of us struggle with so I think it is a topic that should get a considerable amount of attention. Thank you for all of your good ideas and suggestions on this topic.

I found this article at Lifehacker and I thought it was a perfect acronym. After reading the blog post, I wrote this on a sticky note and put it on my credit card in my wallet. I like having little reminders to make me think before buying.

I would like to share it with you because I think it is truly a great little technique.


Want or Need?- Is the item that I am about to purchase a want or a need?

Ego?- Is my ego getting in the way of finances?

Add-ons?- Do I need this fantastic shampoo and conditioner after my hair cut?

Lifestyle?- Am I just trying to keep up with others with this purchase?

Time?- Will this purchase save me time?

Happiness?- Does this purchase make me happy? Or will I regret it later?

On that same note, I never regret saving and not spending. But I always seem to regret some purchases. This acronym is intended to make you slow down and think before you buy. In my experience, wealthy individuals think and do a lot of research before they purchase an item. It slows the buying process down and ensures that you aren't wasting money.

No one ever wants to lose money.

Best wishes,


Saturday, September 5, 2009

Janie Out of Debt Prayer Requests Updates

Oh my, this blog is getting a lot of attention lately. I am so happy! I have made a few changes over at Janie Out of Debt Prayer Requests. Go check them out. I think you will like the changes and updates I have made.

Thank you J. Money from the bottom of my heart for being so kind and thoughtful to feature my prayer requests on your blog. You and your blog are a true gift to this world.
Best wishes,


Friday, September 4, 2009

Weekend Quote #7- Start Where You Are

"Everyone who got where he is has had to begin where he was."
~ Robert Louis Stevenson

I hope you have a nice weekend!

Best wishes,


Wednesday, September 2, 2009

Could I have been anyone other than me..

Could I have been
A parking lot attendant
Could I have been
A millionaire in Bel Air
Could I have been Lost somewhere in Paris
Could I have been
Your little brother
Could I have been
Anyone other than me...

The other day I was jamming out to my favorite tunes on my play list when BAM it happened! A particular song was just singing to me. Does that ever happen to you? You hear a song on the radio and you just feel like the singer is singing it to you. Or it takes you back in time?

Anyway, that happened to me the other day. You could say I was in one of those reflecting on my life moments. I can’t believe how far I have come and changed in a few years. Of course, there were good times and bad times but oh how sweet life really is.

The song is Dancing Nancies by the Dave Matthews Band. It talks about being anyone other than me. In the song, it says “could I have been anyone other than me. “

That is my question for today- What would it be like if you were anyone other than yourself?

For me, my life wouldn’t be my life. I wouldn’t be writing this blog. I wouldn’t be me. The world would never know me.
So, I am going to be thankful for all of those years of digging out of debt because I have this blog now. I am able to help you all. I am able to give back all that I have learned. But for all of those nights I just wanted to give up, cry, scream, make the pain go away, it has been so worth it. Life is so sweet now.
I will leave you with this statement- there are years that will take away and deplete you completely and then there will be years that give and give you abundantly. God never wastes pain.

I pray each and every day for those on my prayer list. You can see the list here.
Please don’t give up, you are doing so well, and you are learning so much. That is the most important part.

What are you grateful for these days? Do you think you will be stronger for all of your debt and struggles in years to come?

Best wishes,


How do I delay gratification?

How do I delay gratification?

Picture by Nicole.
Oh my, this is a difficult one for me! Recently, I have been able to delay gratification and learn some patience because we would like to start our family soon. So, I realize that if I buy certain things then I am taking away from our baby fund.

I have always wanted to have children so being able to provide for my children is a very important value of mine. For example, when I am at a store and I want the latest pair of shoes I immediately start to think of babies and I no longer want those shoes. Hahahaha….whatever works right?!

Do you have a big future want /need that you can put in your mind to delay your gratification?
Some examples of big ticket future items:
- Retirement
- College Education
- Purchase a car
- Purchase a home
- Go on a nice vacation
- Pay off your debt (think that $50.00 spent on shoes could go towards a credit card payment)

I used other techniques to delay my gratification while I was in debt like freezing my credit cards, putting sticky notes on my cards, pausing and putting things on hold instead of buying them right that instant. All of these worked for me because I was usually too lazy to defrost my credit cards, or my sticky note would stop me, or I didn’t need that item that I put on hold anyway.

I hope these help you with delaying your gratification. I am thinking about doing a series of ideas about how to delay gratification. Is this something that you would want?

By the way, I think that delaying gratification is by far the hardest thing to do in our society. But once you learn self control you will be richer for it. Plus you will have more in your savings.

Best wishes,


Tuesday, September 1, 2009

Why do we need all this stuff?

One night, while in debt I began brainstorming about items I could sell in my apartment. This got me thinking about the money that I had spent on different things. Needless to say, I felt pretty foolish for buying most of my stuff.
So, I found this picture to illustrate my point and feelings about stuff in our lives.

I think the picture speaks for itself but…

I mean really! We come into this world with nothing and we leave with nothing. Why do we work our tails off to accumulate stuff? I realize that we all need a place to live and we need food to survive. But do we really need a bunch of stuff in our garages.

How much money do you think was spent in this garage? Now, it is just taking up space and a lot of it isn’t getting used because it is hard to find. I think it is important to take inventory of your personal things.
One last point, I was watching a weight loss program a few years back and the trainer took inventory of what a woman was eating in a month. I am sorry I don’t remember the name of the show. But if I can find it on YouTube I will post it here.
But basically this inventory of food made everyone watching the show feel sick because this woman was consuming over 50 donuts and gallons of cream each month in her coffee. To this woman’s credit, she didn’t realize the volume of what she was consuming until she saw all of that food lined up on a picnic table.
Therefore, my main points for today are-
  • Take inventory of all of your stuff. Can you sell or give any of it away? Do you need all of it?
  • How much of your life energy and work is going towards accumulating stuff? Do you really want to spend your life working to accumulate stuff? Or would you rather have financial freedom?
Best wishes,

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