The Debt Snowball is where you take all your debts and order them from smallest to largest. The idea is to pay off the smallest debts first and keep paying off debts until you get to your mortgage. Focus on paying off all the debts that do not appreciate. Even if you have to sell assets to get you to a debt free situation, it can definitely pay off in the long run. After completing your snowball, we will focus on creating a safety net of 6 months worth of expenses. Since we have "snowballed" a majority of our debts at this point, we won't require as much to pay our bills per month.
So, let's get started and complete the exercise below to get our snowball rolling.
Tuesday, February 17, 2009
30-day Quick Start Guide to Financial Freedom - Personal Finances - Exercise 2
Fill out the plan below on how you plan to implement your debt snowball.
There are 2 parts to this exercise:
Part 1.
List your personal debts (including primary residence), ranked from smallest to largest
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
Part 2.
To the side of each amount, list the date that you will have that debt paid off.
There are 2 parts to this exercise:
Part 1.
List your personal debts (including primary residence), ranked from smallest to largest
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
Part 2.
To the side of each amount, list the date that you will have that debt paid off.
Allow me to introduce...
Within the next few days the proper paperwork will be drawn up and filed for our American identity. I'd like to present to you:
S.A.I.R.E. Corporation
S.A.I.R.E. Investments, LLC
When I get some time, I will explain how we structure S.A.I.R.E. Corp. to minimize liability, why minimizing liability is important, and how the structure allows us to save big $$$ when it comes to the tax man.
In case you're wondering:
Strategic Approaches to Investing in Real Estate
7 Spiritual Laws of Success - The Law of Pure Potentiality
Law of Pure Potentiality
The first law of success, the Law of Pure Potentiality, says our essential state is one of pure potentiality. Pure potentiality is pure consciousness; it is the field of all possibilities and infinite creativity. Our physical body, the physical universe - everything in the material world - comes from the same place: a field of silent, unmoving awareness from which anything is possible. There is no separation between this field of energy and our spiritual essence, our self. This field is our own self. And when we know that our essential nature is one of pure potentiality, we align with the power that manifests everything in the universe.
Knowing who we really are gives us the ability to fulfill any dream we have, because the same field that nature uses to create a forest, a galaxy, or human body can also bring about the fulfillment of our desires. Anything is possible in the field of pure potentiality, because the field is the source of all power, all intelligence, and infinite organizing ability.
Therefore, success in life depends on knowing who we really are. when our internal reference point is our spirit, our true self, we experience all the power of our spirit. When our internal reference point is the ego or self image, we feel cut off from the source, and the uncertainty of events creates fear and doubt. The ego is influenced by objects outside the self - circumstances, people, and things. It thrives on the approval of others. It wants control, because it lives in fear. But the ego is not who we really are. The ego is our social mask; it is the role we are playing.
The need for approval, the need to control things, and the need for external power are fear based. This kind of power not the power of pure potentiality, the power of the self or true power. Self power is true power because it is based on the laws of nature, and it comes from knowledge of the self. Self-power draws things that we want to us; it magnetizes people, situations and things to support desires. This support from the laws of nature is the state of grace. When we are in harmony with nature, we create a bond between our own desires and the power to make these desires materialize.
How can you experience the Law of Pure Potentiality? One way is through the practice of silence and meditation. This means tuning out the world and taking time to simply be. In the bible is the expression "Be still, and know that I am God." Stillness is the first requirement for manifesting your desires, because your stillness you connect with the field of pure awareness and infintite organizing power.
Imagine throwing a little stone into a still pond and watching it ripple. That's what you do when you go into silence and introduce your intention. Even the faintest intention ripples across the field of universal consciousness that connects your desire with everything else. This field can orchestrate an infinity of details for you. But your mind is like a turbulent ocean, you could throw the Empire State Building into it and you wouldn't notice a thing.
Practicing nonjudgment is another way to experience the Law of Pure Potentiality. When you are constantly judging things as right or wrong, good or bad, you create a lot of turbulence in your internal dialogue. This turbulence constricts the flow of energy between you and the field of pure potentiality. In the silent space between your thoughts is a state of pure awareness, an inner stillness that connects you to true power. Through the practice of nonjudgement, you silence your mind and access your inner stillness.
Another way to experience the Law of Pure Potentiality is to spend time in nature. By observing nature you begin to sense the harmonious interaction of all the elements and forces of life. The lavish display of abundance in the universe is an explosion of the creative mind of nature. Just by tuning in to the mind of nature, you will access the field of pure potentiality and infinite creativity, and spontaneously receive creative thoughts.
Whether it be a stream, a forest, a mountain, or the sea, connecting with nature's intelligence will give you a sense of unity with all life, and help you get in touch with the innermost essence of being. This essence is full of magic and mystery. It is feerless ; it is free. When you are grounded in the knowledge of your true self, you never feel fearful or insecure about money or fulfilling your desires. You never feel guilty about wanting or having an abundance of anything because you realize that the essence of all material wealth is life energy. You know that your desires are inseparably connected with everything else. Your very desire is not your own; it's an evolutionary impulse coming through you, so why would you doubt it? That impulse is part of the greater pattern, which to grow and evolve into greater abundance and creativity.
The Law of Pure Potentiality says that you are consciousness itself, both as it manifests in the material world, and as it lies unmanifest in your being. With the knowledge and practice of this law, you can put yourself in harmony with nature and create with carefreeness, joy, and love. Wherever you go in the midst of activity, carry your stillness within you. Then the chaotic activity around you will never overshadow your access to the field of pure potentiality.
To experience the LAw of Pure Potentiality
-Take time each day to be silent, to connect with your spirit, to just be.
-Practice nonjudgement. Begin each day with a statement, "today I shall judge nothing that occurs," and throughout the day remind yourself of that statement each time you catch yourself judging.
-Commune with nature. Silently observe the intelligence within everything. Watch a sunset, listen to the sound of the ocean, or simply smell the scent of a flower.
- Deepak Chopra
The first law of success, the Law of Pure Potentiality, says our essential state is one of pure potentiality. Pure potentiality is pure consciousness; it is the field of all possibilities and infinite creativity. Our physical body, the physical universe - everything in the material world - comes from the same place: a field of silent, unmoving awareness from which anything is possible. There is no separation between this field of energy and our spiritual essence, our self. This field is our own self. And when we know that our essential nature is one of pure potentiality, we align with the power that manifests everything in the universe.
Knowing who we really are gives us the ability to fulfill any dream we have, because the same field that nature uses to create a forest, a galaxy, or human body can also bring about the fulfillment of our desires. Anything is possible in the field of pure potentiality, because the field is the source of all power, all intelligence, and infinite organizing ability.
Therefore, success in life depends on knowing who we really are. when our internal reference point is our spirit, our true self, we experience all the power of our spirit. When our internal reference point is the ego or self image, we feel cut off from the source, and the uncertainty of events creates fear and doubt. The ego is influenced by objects outside the self - circumstances, people, and things. It thrives on the approval of others. It wants control, because it lives in fear. But the ego is not who we really are. The ego is our social mask; it is the role we are playing.
The need for approval, the need to control things, and the need for external power are fear based. This kind of power not the power of pure potentiality, the power of the self or true power. Self power is true power because it is based on the laws of nature, and it comes from knowledge of the self. Self-power draws things that we want to us; it magnetizes people, situations and things to support desires. This support from the laws of nature is the state of grace. When we are in harmony with nature, we create a bond between our own desires and the power to make these desires materialize.
How can you experience the Law of Pure Potentiality? One way is through the practice of silence and meditation. This means tuning out the world and taking time to simply be. In the bible is the expression "Be still, and know that I am God." Stillness is the first requirement for manifesting your desires, because your stillness you connect with the field of pure awareness and infintite organizing power.
Imagine throwing a little stone into a still pond and watching it ripple. That's what you do when you go into silence and introduce your intention. Even the faintest intention ripples across the field of universal consciousness that connects your desire with everything else. This field can orchestrate an infinity of details for you. But your mind is like a turbulent ocean, you could throw the Empire State Building into it and you wouldn't notice a thing.
Practicing nonjudgment is another way to experience the Law of Pure Potentiality. When you are constantly judging things as right or wrong, good or bad, you create a lot of turbulence in your internal dialogue. This turbulence constricts the flow of energy between you and the field of pure potentiality. In the silent space between your thoughts is a state of pure awareness, an inner stillness that connects you to true power. Through the practice of nonjudgement, you silence your mind and access your inner stillness.
Another way to experience the Law of Pure Potentiality is to spend time in nature. By observing nature you begin to sense the harmonious interaction of all the elements and forces of life. The lavish display of abundance in the universe is an explosion of the creative mind of nature. Just by tuning in to the mind of nature, you will access the field of pure potentiality and infinite creativity, and spontaneously receive creative thoughts.
Whether it be a stream, a forest, a mountain, or the sea, connecting with nature's intelligence will give you a sense of unity with all life, and help you get in touch with the innermost essence of being. This essence is full of magic and mystery. It is feerless ; it is free. When you are grounded in the knowledge of your true self, you never feel fearful or insecure about money or fulfilling your desires. You never feel guilty about wanting or having an abundance of anything because you realize that the essence of all material wealth is life energy. You know that your desires are inseparably connected with everything else. Your very desire is not your own; it's an evolutionary impulse coming through you, so why would you doubt it? That impulse is part of the greater pattern, which to grow and evolve into greater abundance and creativity.
The Law of Pure Potentiality says that you are consciousness itself, both as it manifests in the material world, and as it lies unmanifest in your being. With the knowledge and practice of this law, you can put yourself in harmony with nature and create with carefreeness, joy, and love. Wherever you go in the midst of activity, carry your stillness within you. Then the chaotic activity around you will never overshadow your access to the field of pure potentiality.
To experience the LAw of Pure Potentiality
-Take time each day to be silent, to connect with your spirit, to just be.
-Practice nonjudgement. Begin each day with a statement, "today I shall judge nothing that occurs," and throughout the day remind yourself of that statement each time you catch yourself judging.
-Commune with nature. Silently observe the intelligence within everything. Watch a sunset, listen to the sound of the ocean, or simply smell the scent of a flower.
- Deepak Chopra
Healthy ME - Day 7
My LEGS ARE KILLING ME!!
Apparently if you feel like you're going to blackout after a workout... the pain the next day is even worse! My legs feel like the were in the running of the bulls and got trampled!
Today I was back to chest and biceps. I did a very similar routine and just mixed in some exercise ball flies to mix it up a little. Tonight I plan on getting into the cardio to really kick it up a notch!
For the next week I will be eating chicken breast and salad for 4 of my meals and a meal replacement shake for 2. I'll be taking the meal replacement for breakfast, prior to working out and about an hour before bedtime. I will have a normal protein shake within 20 minutes of completing my workout and then my other 4 meals will be had every 3 hours throughout the day.
So my diet plan for the next week will look like this:
4:30am - Meal Replacement, Multivitamin, Superpump 250
6:20 am (post workout) - Protein Shake
9:30-10:00 am - Chicken Breast, Salad
12:00 - 12:30 - Chicken Breast, Salad
3:00 pm - chicken Breast, Salad
6:00 pm - Chicken Breast, Salad
8:00 pm - Meal Replacement
I'll take my before and after pics for the week and post them next Tuesday. See how mauch of a change we can make in just 7 days!
Apparently if you feel like you're going to blackout after a workout... the pain the next day is even worse! My legs feel like the were in the running of the bulls and got trampled!
Today I was back to chest and biceps. I did a very similar routine and just mixed in some exercise ball flies to mix it up a little. Tonight I plan on getting into the cardio to really kick it up a notch!
For the next week I will be eating chicken breast and salad for 4 of my meals and a meal replacement shake for 2. I'll be taking the meal replacement for breakfast, prior to working out and about an hour before bedtime. I will have a normal protein shake within 20 minutes of completing my workout and then my other 4 meals will be had every 3 hours throughout the day.
So my diet plan for the next week will look like this:
4:30am - Meal Replacement, Multivitamin, Superpump 250
6:20 am (post workout) - Protein Shake
9:30-10:00 am - Chicken Breast, Salad
12:00 - 12:30 - Chicken Breast, Salad
3:00 pm - chicken Breast, Salad
6:00 pm - Chicken Breast, Salad
8:00 pm - Meal Replacement
I'll take my before and after pics for the week and post them next Tuesday. See how mauch of a change we can make in just 7 days!
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