When we ask our friends for help they often let us know that we’re on the right track and that everything’s going to work out. We get excited when we hear this. The reality is that we all want to hear something positive. Nobody ever wants to hear the negative side. We don’t want to hear the harsh truth. We don’t want to be told that we’re not doing things right. I’m very guilty of this. I can dish out some harsh words. I then love to receive kind words from friends. I personally think that we all need a swift kick in the butt sometimes. Today is that time.
I caught this program, Beyond Scared Straight on A&E the other day. The basic premise is that a group of troubled youth spend a whole day in a dangerous prison. The show aims to prevent today’s teens from becoming tomorrow’s prisoners. It’s an inmate-run program that shows the true dark side of being a prisoner. I decided to be a 100% law abiding citizen when I saw how tight of a cell you need to sit in for 23 hours a day. Not pleasant at all.
Now it’s time for some reality. I’m going to jump into a few key areas of money management and give you a little kick in the butt that will hopefully set you in the right direction:
If you don’t work your butt off to pay off your debt, you’re going to spend a fortune on interest. You’ll spend money on something that brings you zero value just because you bought something with money that you didn’t have. If you don’t kill your debt now, you’ll likely miss out on amazing opportunities in the future.
What are some of the opportunities that you’ll miss out on? For starters you won’t be able to travel with your friends. You won’t be able to buy a home when you get older. You won’t be able to quit a job that you hate. You won’t be able take risky career moves. Simply put, you won’t be able to do much if you’re swamped in useless consumer debt.
If you continue working a job that you hate your quality of life will suck. I mean let’s think about it. If you hate your job then by default that means that you’re going to hate 40 out of 168 hours in a week. You’ll dread waking up in the morning, taking the hour long bus ride, working your 8-hour shift, and then going back home. When you get home you’re going to want to pass out after a likely unhealthy meal. Is this the life that you want to live? You’re bound to snap at some point.
It’s time that you started making the right moves to ensure that you don’t stay in a job that you hate. This blog is the perfect resource to get you started.
You’ll be a broke 30-year old with very little options. I know you didn’t want to hear that but it’s true. Anyone can scoff and say that life’s too short to be cheap in your 20s. You don’t have to be cheap to save money. I go out at least three times a week and still manage to save lots of money. There’s ways around everything.
Now imagine being broke as you turn 30 or even 40? You’ll have very limited options. If you get into the habit of saving money in your 20s, you’ll definitely enjoy your life much more in your 30s when you have more options.
When’s the best time to plant a tree? Thirty years ago. When’s the second best chance? RIGHT NOW. Today is yesterday’s tomorrow. The longer that you delay taking action, the longer that you’ll have to wait to see the results that you deserve. If you don’t start working out or eating well right now, you’ll have to wait a lot longer to see the body that you want. The same applies to paying down debt, leaving your job, or saving money in your 20s.
I hope that this piece gives you the wake up call that you need. I certainly need a dose of reality all of the time so that I don’t get too side tracked.
Have you been given a nice kick in the butt lately? Are you more motivated by positive or negative reinforcement?
(photo credit: asimulator)
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