Five Reasons to Pay With Cash

Paying cash means making some lifestyle changes and sacrifices, but it will keep you from drowning in a sea of red ink on your journey to financial freedom.

Paying cash keeps you focused.

Paying cash promotes contentment because it adds meaning and value to the things you do buy.

Paying cash lets you own things, not merely acquire them.

Paying cash makes spending difficult and uncomfortable- and that is exactly the way it should be!

Living Below Your Means

So how IS living?  Are you experiencing the good life in the land of opportunity?  Or, financially speaking, are you not doing so well?  If so, I’ve got an answer for you!  A solution that will take care of you for the rest of your life.   But first an oft-quoted axiom is to “live within your means”.  That is good beginning advice for those who dive into heavy debt from living beyond their means, but such advice will hardly provide financially over the long haul.

To live a life that is debt free, bondage free and to head happily toward a comfortable retirement requires a different pattern of living.   So here lies your life-long financial solution!  Financially, you must live below your means. Some people go through life living “above their means”.  Others “live within their means”.  Still others, the successful ones, make sure that they always “live below their means”.

If you have been living above your means, you are already in serious debt and have no hope of becoming debt free unless you quickly change your financial habits.  If you have been living within your means, you may be debt free, but you have little or no savings or investments to carry you through your retirement.  What you must begin to do is live below your means.

Why is this important?  Unless you believe you will be in excellent health so that you can work throughout your old age to provide food for yourself, shelter and the other necessities of life, you need to save and invest for your retirement years.  Doing this is not possible if you are living above your means or simply living within your means.

If you spend more than you earn, you have a very serious problem on your hands – the problem is you!  Most people do not have an income problem; they have a spending problem.  It’s not what you make; it’s what you spend.  If you have managed to tame the spending tiger within you and are living within your means, you still have further cutbacks to make in your family cash flow.  You need to spend below your available income stream.  You need to be planning for your retirement.  Your government social programs won’t provide adequate income for your retirement days – that will be left up to you. It is your responsibility, not your friends, family or government.

Okay, now you understand the necessity of living below your means.  What does that really mean?  In a nutshell, it simply means you have to spend less money than you earn.  It means you do not allow yourself to spend money on things you don’t absolutely need or things that just make you happy for a moment or two.  It means you save money instead of spend it.  It means investing the money that is left over.

The picture of retiring early, gaining wealth and having plenty of money to give to worthy causes is a picture of a happy life.  You are the lender, not the debtor.  You are the master, not the servant, because you have learned to master yourself.  You have learned to discipline your sudden impulses and you have learned the difference between wants and needs.  It’s not complicated; it’s very straightforward.  It’s living a simpler lifestyle.

Choosing Your Attitude

ATTITUDE isn’t simply a state of mind; it is also a reflection of what we value.  Attitude is more than just saying we can; it is believing we can.  ATTITUDE is a CHOICE!

Attitude requires believing before seeing, because seeing is based on circumstances, believing is based on faith.  Attitude is contagious, especially when we ready ourselves for our tomorrows. 

We have total ownership of our attitudes.  No one else has the power to alter our attitudes without our permission.  Our attitude allows us to become more empowering than money, to rise above our failures, and accept others for who they are, and what they say. 

Attitude is more important than giftedness, and is the forerunner of all skills needed for happiness and success.  Our attitudes can be used to build us up or put us down – the choice is ours. 

Attitude also gives us the wisdom to know that we can’t change events of the past.  I am convinced that life is 10% what happens to me, and 90% how I respond to it –  and with this state of mind,  I remain in charge of my attitude.

Attitude is a choice!  We have the power to choose our responses to any situation.  Two kinds of choice-point filters have a profound impact on our responses; those within and those outside of our control. 

Some choice influences, such as gender and age, are outside our control.  Others, such as values and education, are within our control.  Through our attitude, we can empower the elements within our control while minimizing the effect of those outside our control.

Outside Our Control        Within Our Control

           Race                                  Feelings

           Sex                                    Thoughts

           Age                                    Attitudes

           Country of Origin               Values

           Birth Family                       Desires

           Physical Attributes             Education    

           Other Choices                   My Choices


Whether within or outside our control, our attitude can greatly influence our response to the circumstances of life.  Do financial setbacks come our way?  Of course.  Do they have to keep us down?  Certainly not!  Your attitude is one of the few things in life you can control.  Although you can’t foresee the ups and downs you’ll experience, you can control how you’ll react to them. 

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As an author and speaker, Rich Brott writes from 40 years of experience in finance and business. He has written over 40 books, with 35 titles still in print today. Is there a specific situation that you have gone through financially and would like to share your story? We would love to hear from you!