Thought for today: The term “time value of money” means that each payment applied to a loan’s principle amount (the amount before interest) will slightly reduce the remaining interest payment. It shortens the life of the loan a bit more each time you pay an extra amount. Paying off the highest interest rates first makes the most sense. Making […]
Continue reading →Thought for today: Many employers encourage their workers to “unplug” from work during their vacations, to rejuvenate. Even though we give coworkers clear instructions and emergency numbers to call us, underearners can find it difficult to let go of work, unless we fill the void with something. When taking a vacation, why not fill some free time with a “Higher […]
Continue reading →Thought for today: Debtors tend to either be anorexic with spending, or over-indulging, or both. These extremes can leave them unsteady and miserable. Their chances are better if they envision their goals, and develop a clear Spending Plan and Action Plan. A member shares: “After years of rejection, I sometimes feel stuck in negative or depressed thinking,” […]
Continue reading →Thought for today: There is no magic spell to increase your income. It takes creativity, focus, hard work, passion and discipline to create wealth, or anything of value. Creativity means trusting your instincts enough to test them out in the laboratory of life. It means choosing where to focus your effort between competing interests. Many alternatives […]
Continue reading →Thought for today: Today our jobs need more of us to gather, process and act on information than ever before. Mundane work is quickly being replaced by intellectually demanding work. We get paid to think more. Our minds build hierarchies of understanding that machines can’t build yet. That’s what makes our thinking valuable in our jobs. But computers are catching up. One day not […]
Continue reading →Thought for today: At times we all feel envious. Most people get beyond the feeling and move on with their lives. There are some challenges for the compulsive debtor to do that. It’s especially hard for under earners to get beyond envy. Whenever they meet someone with a happy life, more material possessions, compliant and bright kids, and so on, the temptation is to […]
Continue reading →Thought for today: While the program of recovery from compulsive debting tells us to take life one day at a time, it is also good to periodically plan for the longer term. It’s simpler to know how to spend our days if we know what we want to achieve. Creating goals is important. A member shares: “Now that I have taken a mid-year […]
Continue reading →Thought for today: When we work on creating a new Vision Board for the future, what happens next is that we start to open up to the possibility. We do our part to understand everything about it. We consider the Vision as a valuable inspiration. A member shares about Vision Boards: “Once a month my DA group has us […]
Continue reading →Thought for today: Determination and will power are qualities worth drawing on sometimes, but not always. At work, they can help us accomplish goals, solve problems and meet deadlines. But will power can also lead us away from better choices. What we see as reality today may be obscured by old character defects such as self-centered fear and pride. If that’s the case, determination […]
Continue reading →Thought for today: Getting rich the program way is not about luck, or leveraging debt. It is about setting up circumstances where wealth is more likely, where your needs are taken care of first. We all know that riches aren’t measured purely in money. That’s fantasy. And circumstances like illness or caring for others can […]
Continue reading →