Retirement

Use the crowbar maneuver to get cash quickly

I have a guest post on how to do this Save money with DVD exchange In more than Tight-fisted curmudgeon. If you click from there, Welcome to my blog. Please take this into consideration Subscription You’ll find that we cover many of the same things.


Not made of money He had a post on how to Start your savings quickly. This was a really good idea and I’m still wondering why I didn’t think to do a post like this given my amazing good looks and beautiful teeth rune (Wisdom Magazine) is referred to as “Crowbar maneuver” (I took the liberty of stealing Rune’s term for the title) while I take every opportunity I get to quote Yoda’s phrase”You do or you don’t. There is no attemptOf course this goes against the common method of setting small goals.

Setting small goals is a beautiful thing It seems to have proven its effectiveness psychologically.

but, The way a lot of people go about this is completely wrong. However, in the real world, trying is not good enough. Upon realizing that change is needed, one should set a big goal. This goal is often far from the current line of thinking. People in debt cannot imagine what it is like to have tens of thousands in savings. People who are used to receiving a salary cannot imagine what it is like to not have to work to pay the bills. Overweight people who think climbing stairs is a form of exercise can’t imagine what it’s like when they think of a marathon as a piece of cake.

Regarding financial goals, the article suggests not spending any money. Antichay is I’m thinking the same thing. It sounds obscene, but If a person is trying to jump across a chasm, it doesn’t make sense to focus on first jumping halfway and then jumping the rest of the way. Aim to jump all the way or not jump at all.

But aren’t you setting yourself up for failure one might ask? Remember Yoda. There’s no trying. So if you are committed, there is no failure. You will prevail in the end.
Do you want to not have to work for money for the next five years? If so, get rid of the car, move into a one-bedroom apartment (per adult), cancel cable, lower the thermostat, and stop buying anything that isn’t food. You’ll be amazed at how much money you actually have. Even a little slippage reduces the amount of money you have in your hands, so experiment. How long can you go without spending anything at all?

If you just want to get out of debt or if you’re OK with working another 20 years, less drastic measures will be needed. But if you want financial independence, starting slow will only delay your target date.

Do you want to get in shape? The same. Completely revamp your diet. Don’t start with the idea of ​​eating healthy food once a week or adding a salad to your meal plan. If you do this, please don’t wonder why you aren’t seeing any results. Start exercising every day. Obviously, one cannot be expected to perform like a trained athlete right away, but one can expect daily effort. Small goals come from doing 10 to 11 push-ups a day and then 12. Not going from working out once a week to working out twice a week and then eating pizza to celebrate.

If you decide to do something, use full force or don’t do it at all. I do (I don’t try 😛 ) This is the origin of the “extreme” part of the blog’s name. Incomplete effort is simply ineffective because of the way progress can be measured on the S-curve (Pareto’s Law). In other words, a mediocre, well-executed plan beats a great, poorly-executed plan any day. Now one can get great plans from blogs, books, magazines, coaches, trainers, consultants, etc. One can also have average plans or even bad plans. The most important thing, implementing the plan, is always up to the individual. It is the execution that shows what has been made.


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Originally published on 2008-02-20 07:34:56.


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