Archive for March, 2014
What is a tax refund? I know it may sound silly, but I really want you to think about it. What is it?
A tax refund is just that – a refund of your own hard-earned money. It is not a random gift or a stroke of good luck. It didn’t just come out of nowhere… and it’s NOT extra money. It’s money you worked hard to earn.
According to research half of us receive refunds, averaging around £1500 each. And while that may seem like a huge relief to some people, it may look like a free shopping trip to others. But today I want us to look at what it really is.
See, we all live in a total “microwave” society today, where we do what we want, when we want, just because we can, without giving any thought to our financial future. And where has that got us? We have traded our financial freedom for more stuff, more debt and more bondage.
We fall into the trap of “more-more-more,” until we find ourselves buried alive in debt. So many people are in constant financial strain, and yet we are more concerned about our stuff than we are about our long-term financial future!
I know right now you’re saying, “Okay Andrew, so what does this have to do with my tax refund?”
There’s one rule proven to be true over and over again, and it is true here. Find out what everyone else is doing and do the exact opposite. You may have heard me say this before: 98% of the population will end up dead or dead broke by the age of 65, dependent on their friends, family, or the government as their main source of income. On the other hand, 2% are doing well financially.
So what can you do to cross over from the 98% to the 2% this tax season? Here are a few ideas:
- Keep your goals in mind. When you get a large, unexpected (or expected) chunk of money in your hand, it can be easy to lose sight of the financial goals you have set for yourself. Whether you have a goal to pay off £10,000 of debt, give £10,000 away to orphans, or invest £10,000 this year, do not lose sight of that goal!
- Resist temptation. There are all kinds of sales and advertisements, and even articles from so-called “financial experts” giving tons of ideas on how to spend your tax refund this year. They are trying to sell you everything from new clothes to a new BBQ, video games, or even a deposit on a new car. I’m telling you, don’t go there!
- Invest. So instead of spending your tax refund foolishly, choose to put that money aside for investing! This way you have a chance to make your money work for you without the fear of losing big.
Here’s what I know about you. You are not called to be one of those people. You were designed for wealth and freedom. How do I know that? Because you are here right now, reading this. Because you have a desire to succeed financially. You have a desire to see your children, your friends, and your community live debt-free, totally financially independent lives.
I would love to know what you think about today’s message. Are you getting (or have you got) a tax refund this year? What do you plan to do with it? I can’t wait to read your comments. But I also have a few more ideas on how to spend your tax refund that I can’t wait to share with you tomorrow. Stay tuned!
I pray you choose wisely today to invest your time and money into building your future not destroy it.
Have an awesome day & stay blessed
As we are on the crest of a new season, it is the perfect time to sit down and figure out what you would like to happen in the next few months. What would you like to accomplish, where would you like to go?
This is a great time to clean out your garage, de-clutter that attic, organize the cupboards and clean out your car. That probably wasn’t the fun answer you were looking for, but let me explain how all of this can actually HELP you out.
The season we are prepping to enter is all about fresh, new things. SO today I want to share a few fresh ideas to help you dump the old and fatten your wallet while you’re at it.
1. In the coming weeks, the weather will start getting nicer – it’s just got to… right!? So start planning a garage sale! As you’re cleaning your house, sorting through the clutter that has accumulated over the last year, and organizing the garage, use this opportunity to get rid of the things you no longer use. Have the kids grown out of their clothes and shoes? Do you have extra tools lying around that never get used? You can even get together with several other families and have a huge multi-family garage sale! This is a great way to make some quick cash AND rid your home of all that clutter.
2. As you are cleaning behind the washer and dryer or vacuuming the sofa cushions, start a coin collection. You’d be surprised how quickly coins add up between the cup holder in your car and the pile on your dressing table.
3. Stop going to the car wash. By cutting your own lawn, washing your car or pets at home, you will save pounds in the long run. Now that the weather will be more bearable there is no excuse to pay someone else to do work around the house.
Those may seem like 3 very small things that may not matter very much. But here’s what most people get wrong when it comes to money: They think they have to wait to pay off their debt until they can do it all at once. They think they have to make huge changes or no changes at all. They think the small changes or actions are insignificant, so they don’t make them.
But the TRUTH is, small, simple steps lead to big results. If you wait until you make more money or you win the lottery, or you can afford to pay off all your debt at once, you will stay broke and in debt the rest of your life.
So choose today to make the small changes. Choose to follow the tips I gave you today. And I would really love to hear your best spring cleaning tips as well – especially if they will help others save money or make money! Leave me your comments and be sure to Like and Share today’s message.
Stayed blessed and have an amazing day.
Are you a procrastinator? As I talk about planting new seeds this week, have you been THINKING about sowing those new “crops” and not actually DOING it?
It is so easy to make excuses to not actually get anything done, right? You can always “Get to it tomorrow” or “When you feel better” or “When you’ve got more time” or whatever other new excuse you happen to come up with.
Procrastination can be caused by feeling overwhelmed, a fear of failure or disorganization. But it also can come from indecision, lack of vision or divided focus. I hear a lot of people claim they do their best work “under pressure”… is that you? Unfortunately, procrastination and pressure lead to mental fatigue, stress, anxiety, fear and unbelief.
Procrastinating might help you get by, but it won’t lead you down the path to success. The only thing you can do to beat procrastination is to take action.
If you are one of those suffering from chronic procrastination, try these steps to take action and achieve success.
Step 1: Create a vision. One of the leading causes of procrastination is failing to have a clear vision. When you have a lack of vision, it leaves room for all those little excuses and indecisiveness to take over.
Step 2: Take action. Decision and action leave no room for procrastination. When you make a decision and follow it up with action, success happens!
Step 3: Celebrate your sprouts. Once the seeds are planted, stay motivated by celebrating your sprouts. It can be easy to go back to your old ways after achieving some success. Instead of focusing on the size of your success, find motivation from any and all progress. Those sprouts will mature into a crop someday! If neglect them or put off watering them, they WILL wither and die.
The ultimate decision you can make is to decide what kind of life you want to live. If you continue to sow into chronic procrastination you will reap a life full of stress with little success to show. If you want to sow seeds of success, act now – not later!
We live in a world filled with all kinds of distractions. As if procrastination wasn’t a big enough issue, you are surrounded by Facebook, email and your mobile phone glued to your hand… all busy work begging for your time. And if you don’t direct your time, it will get sucked up into those other places so easily.
What lifestyle choices are you planting today? Ones of fear, inaction and stress? Or new ones of success, productivity and success? Please leave your comments for me and take the extra 30 seconds to Like and Share today’s message of motivation.
Now go out there and get it done now
Have an awesome day wherever you all are & speak soon
Have you ever planted red pepper seeds and been surprised when you don’t get strawberries? You might be thinking, “No way, Andrew!” I hate to say it, but you might be.
And trust me on this, majority of the nation expects something for nothing. You absolutely expect a certain crop without having planted the specific seed for it.
The thing about growing crops, you are always going to reap what you sow! And it doesn’t matter what your upbringing, race, parents or circumstances may have been. If you plant corn, you are going to get corn!
If you are sowing seeds of debt, spending everything you make and investing in items with depreciating value, you will NOT reap the crop of financial independence, becoming debt-free or wealthy.
This concept goes closely with one of the Laws of Success. I call it the Law of Promotion. Essentially, if you are faithful with the small things you will be made ruler over much.
Most people will squander what they have, thinking the grass is always greener on the other side. How often do you wish, “If only I made more money…” or “If only I won the lottery…” so you could pay off all your debt and become financially independent?
But the truth is, it doesn’t matter how much money you make if your habits remain the same. I can promise, if you are sowing seeds of poor financial habits and debt, there is no money in the world that will stop those crops from growing up and bearing fruit in your life.
You have to prosper with what you have NOW. You have to be faithful with the amount you maketoday, not the amount you want to make. What seeds are you planting in your financial life right now?
If you don’t like the financial fruit in your life – debt, stress and an abundance of JUNK, look at the seeds you are planting. What you feed will flourish and what you ignore will die! Start watering those seeds of wise financial choices. Put more into savings instead of buying that extra handbag. Cut out junk food from your shopping list and put that money toward unpaid bills.
What financial seeds are you planting? Let me know and don’t forget to Like and Share today’s message.
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Thats it for today, have a great week.