December 2020 Living Debt Free and Wealthy Newsletter
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What Do You Want?
Do you know what you want? To achieve anything in life you first need to know what you want. The easiest way for you to determine that is from your goals! That is why you will continually hear about goals in this newsletter. Goals turn your wants into a clear picture. This allows us to create a plan to get you there.

What is most important to you? What goals do you want to accomplish?

 Do you want to be debt-free?
 Do you want to buy your dream-home?
 Do you want to help your children graduate from college debt-free?
 Do you want to start a business?
 Do you want to Retire?

Maybe your goals fall into one of these maybe they don’t. It doesn’t matter. Goals are all endpoints that you are working towards. So, what is your plan to get there? Do you have one? Goals are meaningless if you don’t implement a plan to realize them.

A plan can be formed in 5 easy steps

1. Write down your goal.
2. Break the Goal Down into smaller pieces.
3. Identify what is hindering you.
4. Identify resources to help you.
5. Create a step-by-step action plan to get you there

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9 Lessons From 'The Richest Man in Babylon' Pt 1

'The Richest Man in Babylon' by George S. Clason was first published in 1926 and is considered a classic on personal finance and creating wealth. As you read the book, I believe you will be totally blown away by the simplicity of the story and by the tried-and-true financial lessons it presents for accumulating wealth. Following are the 9 most important lessons I want to share with my friends, family and clients.

1. Pay Yourself First!
One of the greatest lessons in this book is 'Pay Yourself First.' Set aside at least 10% of what you earn! The difference between being a rich, financially stable person, versus being a poor, broke person, is knowing this first rule! Wealthy people pay themselves first and poor people do not. Before you start paying others, or start spending the money you earn, you need to pay yourself first.

“A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn. It can be as much more as you can afford.”

2. Live below your means.  

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Free Report- Learn How to PAYOFF Your Debts and Truly Live Debt Free!

"Happiness is not something you postpone for the future; it is something you design for the present."

-Jim Rohn



Interesting Facts:

-Fresh Bread is the most commonly purchased food in the United States.

-Lemons (ignoring honey) are one of the healthiest foods in the world. They contain vitamin C, cleanse the liver, boost immunity and aid in weight loss.

-Almost without exception, the highest calorie fast food item is a milkshake (1,680 calories).

-Turkey, fish, and cheese have the highest protein-to-calorie ratio of foods.

-Americans consume the most ice cream in the world. Most of the ice cream is consumed between 9 and 11pm.

Special Holidays

We're thinking of you this time of year,

Wishing you happiness, joy, and cheer.

May all your days be warm and bright,

And your nights enhanced by holiday light.

Enjoy your delectable holiday foods,

As parties and gifts create holiday moods.

Favorite people play a meaningful part,

While treasured rituals warm your heart.

You are special to us in many ways,

So we wish you Happy Holidays!

By Joanna Fuchs 
What Do You Want?
Let’s look at an easy example: Goal: You want to lose 25lbs by June 1st 2021. Now let’s break down the goal into smaller pieces. What do you need to do? Well, in order to lose 25lbs by June then you’ll need to lose 5lbs a month or 1.25lbs a week. Next you identify what is holding you back. Some possibilities might be health issues, diet issues, or lack of energy/exercise. The next step is to identify the resources that can help you. For weight loss, you might talk to a dietician or a personal trainer so they can help you eliminate the problems that were holding you back. Finally, create a step-by-step plan to get there. Once you have your action plan, write it down and post it somewhere you will see it every day. Your plan may look like this.

I WILL LOSE 25lbs by June 1st 2021

1. I will exercise 5 days a week for 30 minutes a day.
2. I will limit the amount of fast-food I am eating to no more than 1ce a week
3. I will incorporate more vegetables into my diet by eating at least one vegetable with dinner.
4. I will weigh myself and talk with my trainer once a week to monitor my progress and revise the plan as necessary. 
9 Lessons From 'The Richest Man in Babylon' Pt 1

Most people have formed the habit of spending more, as they earn more. Train yourself to live on less than you earn. Control your expenditures. Make good use of the money you have left over, after you have paid yourself first. Define what money is to you and define the difference between need vs. want.

“Budget your expenses so that you may have money to pay for your necessities, to pay for your enjoyments and to gratify your worthwhile desires without spending more than nine-tenths of your earnings.”

3. Make your money work for you.
Your wealth grows not just by what you save, it grows by investing and re-investing. The first principle of investing is the security of your principal. You don't gamble or take risk with your principal. Don’t be misled by your desires to make wealth overnight. Time is your biggest ally. Your investment will grow as your investments accumulate interest and the money you get from the interest earns interest.

“…put each coin to work so that it may reproduce its kind even as the flocks of the field and help bring to you more income, a stream of wealth that will flow constantly into your purse.”

Note: You should think about investing only after you have built an 'Emergency Fund.' You will want to have enough saving to cover 3-6 months’ worth of expenses. Your Emergency Fund is a security blanket, especially during this time of economic downturns.

4. Seek advice from experts.
You cannot seek the advice of brick-maker if you want to invest in jewels. Want to create wealth? Seek advice from those who have created wealth. Run away from schemers and tricksters who promise to double your wealth overnight.


"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." -Warren Buffett