Managing and Reducing Debt

  • Debt can be disastrous for your finances.
  • It can increase risk which can cause stress and worry in your life.
  • Minimizing and eliminating debt can create more monthly cash flow and therefore financial freedom.
  • Create a plan to minimize debt by clearly identifying your debt.
  • Create a monthly budget to see opportunities for cutting expenses and figuring out how much debt you can pay off each month.
  • A wealth builder does not use debt or uses debt to at a bare minimum.
  • As a wealth builder, your end goal should be to become someone who is collecting interest not paying interest.

When most people hear the word debt the first thing they think of is something that is probably negative. Maybe it’s just me, but when I hear the word debt the feelings that I get are similar to those feelings that I get when I hear my dentist tell me I have a cavity, or the feeling I get when I’m washing my car and notice I have a door ding. These feelings don’t feel good and could be considered a little painful. However, I can’t be too negative towards debt because there have been times throughout my life that I’ve used debt for something that was good. For example, when I was young there would have been almost no way for me to buy a car without the help from my dad. Through the financial help from my dad I was able to get a vehicle, which allowed me to get to a job, which allowed me to make money. Had the vehicle not been in place, the job wouldn’t have been either. Not that it was impossible to get a job without getting a car, it’s just that riding a bike an hour each way to and from the job would have taken a level of ambition that was way greater than where my 16 year-old self was at. I’m sure that many people have found themselves in the situation of needing a loan to buy a car. So, it’s easy to see how debt can be helpful. In another example of debt used in a good way was when I decided to build a house at the age of 26. There was no way I had enough money to even come close to completing the house with the savings that I had at the time. However, there was a bank that, surprisingly enough, was willing to give me a construction loan to build the house. Through this example we can see that debt gives people the ability to buy a home. This can be a good thing!

But, we all know there are always two sides to every coin. So, what are the reasons you wouldn’t want debt? One reason that you don’t want debt is because debt can be dangerous. I’ve seen time and time again people that take on too much debt and before they know it they’re struggling to keep up with all of the loan payments. They find themselves trying to work more hours, in order to make more money so they can stay afloat financially. They live worried lives, constantly stressed out because they don’t know if they’re going to be able to make all their payments. They live in fear of the phone ringing with the debt collector on the other end asking for their money. Taking on too much debt can be disastrous for your health, wealth, and happiness. The stress that debt can put into your life can cause your health and happiness to deteriorate.

The reason debt can be dangerous is because it increases financial risk. Let’s examine what financial risk can look like. This example is something that I’ve seen others experience in my life and I’m sure you’ve either heard of something like this happening or maybe even know someone this example has happened to. For this example I’m going to tell you a story about a guy named Bob. Say that Bob wants to get into the real estate game because he has a friend that has a friend that’s flipping homes and supposedly they’re making a bunch of money doing it. Bob has watched home renovations on HGTV so he thinks that makes him an expert remodeler. So, Bob rounds up enough money to make the minimum down payment on a fixer upper. He thinks, “Its real estate, I can’t loose!” He buys the fixer upper and start dumping his time and money into it. Ok, right there, let’s stop, take a step back and look at where Bob is financially. Bob already had one house payment and now he has another house payment. He also has a payment on a truck that he bought brand new two years ago. Bob used a majority of his savings for the down payment to buy the fixer upper so he’s been putting the cost of the home renovation on his credit cards. The credit card payments are starting to climb but Bob’s isn’t too worried because he thinks he will sell the house before the credit card payments get out of control. He thinks that he can get by making the minimum monthly payments. He’s already maxed out two credit cards and he’s close to maxing out a third one. Bob doesn’t know this yet but he’s heading right toward financial disaster. Ok, let’s continue Bob’s story. Bob get about half way done with fixing up this fixer upper and realizes that it’s taking him way longer and costing way more than he originally anticipated. Not only that, but all the work that Bob is doing on the fixer upper is taking way the overtime hours that Bob was use to getting which helped him get bigger paychecks. Bob was counting on the pay he would get from overtime hours at work to offset the added credit card payments. So, money starts to get really tight for Bob. At this point he’s exhausted all of his savings, he’s barely able to make the payments to everything he owes money on, and his fixer upper house that sounded like a great idea at the time has turned into his worst nightmare. He’s not even done with the fixer upper yet and Bob is out of money, out of credit, and Bob can’t keep up with the mountain of debt that he’s got himself into. Bob is completely burned out from working on the fixer upper nights and weekends. His marriage is struggling because he and his wife have been arguing about how they’re going to pay for all the debt that he has accumulated. He decides to sell the fixer upper as is with some of the renovations still incomplete. Bob knows that he wont get nearly what he originally thought he would get for the house by selling it as-is but he has run out of other options. After Bob pays the real estate commission, the excise taxes, and closing costs, Bob is left with just enough to pay back the loan he originally took out to buy the property. But unfortunately Bob not only lost all of his savings but now he’s left with three credit cards that are maxed out. Bob’s credit score has been destroyed because he was late a few times on the different loans that he had during the process. Ok, so Bob’s story is sad right. Here’s a guy that bets big and does so using a lot of debt. The mountain of debt that Bob accumulated basically killed his investment. Had Bob done a better job budgeting and used cash for the fixer upper he would have been able to complete the project and sold it for a profit. The moral of the story is that debt can be dangerous and by using debt it can put you at a high level of financial risk.

I am a firm believer that if you want to be a wealth builder you need to minimize your debt. A majority of the financially successful people I’ve met either rarely use debt or they don’t use debt at all. They have a paid off house, they pay cash for their cars, and they don’t have credit cards they use a debit card instead. Look, I’m not going to be naïve, I know there are sophisticated investors and wealth builders out there that very carefully use debt to their advantage. For some investors and business owners they can make money by borrowing money. However, it’s also obvious to me that far more people, in fact, I would say an overwhelming majority of people, get burned by using debt in some way. For most people, debt is more debilitating than it is something that will help you. My advice is to strive for a life free of debt. That means that you need to create a game plan to pay off the debt that you have.

The first way to manage debt is to get control of it. This means stop creating more debt and start paying off your existing debt. If you need to buy something use cash, check, or a debt card. If you don’t have the money to buy something then you need to really ask yourself if it’s something that you absolutely need. Do you need a vehicle? Yes, in our society today, in a majority of cases, people need a vehicle for them to function in the economic system that we’ve created. However, that doesn’t mean that you need a brand new vehicle with a huge monthly payment. You can get an inexpensive vehicle that will work just fine. Also, avoid credit cards. The only reason I will use a credit card is if my place of employment requires me to use it for business purposes. I will not use credit card for personal purchases. I will use my debt card for any purchases that I need to make. I don’t care what kind of miles I might be able to get or what kind of points I can earn. In my opinion credit cards are a waste of time and money. I’ve seen people destroy themselves financially because they’ve accumulated too many credit cards and I think credit cards are nothing but a trap to get people to pay a lot of interest when they get in a financial bind.

The second way to manage debt is to create a plan to pay off your debt as fast as possible. There are several ways to go about doing this. For example, Dave Ramsey’s program uses the “debt snowball”. The basic principle is that you list out all your debts. Dave’s plan has you list your debts out from the smallest to the largest. Some people list the debts from the highest interest rate to the lower interest rate. Do whichever way makes the most sense to you, just make sure that they’re all listed. The next step, is to focus with laser beam strength on paying down debt. Make extra payments to principle on your debt as often as you can but don’t forget to keep an emergency fund. You need to keep an emergency fund of one month’s of expenses in place throughout paying off the debt. Once all your debt except the house is paid off then build up a bigger emergency fund of at least 3 months of expenses.

If you want to get serious about paying off debt you need to create a monthly budget. The budget will help you to see things that you can cut out of your spending in order to pay off your debt faster. Your budget will also help you to better manage your cash flow (meaning you’ll make sure you don’t run out of money by the end of the month). I recommend making a zero-based budget. This means that you are telling every dollar where to go throughout the month. Every month you need to plan and you will have a plan through the use of your monthly budget.

Your goal should be to become debt free if you’re not already. Why? To avoid paying interest to other people. As a wealth builder you want to be the one collecting interest not the one that’s paying interest! By eliminating debt you are freeing up cash that can go to other things, like building your investment portfolio, traveling with your loved ones, giving to your community, or getting to do the things that you’ve always wanted to do.

Benefits of Having a Personal Trainer with Natalie Harris

There are a ton of reasons why having a personal trainer can help you reach your health goals. Natalie Harris, Personal Trainer and Exercise Physiologist talks to us about why having a personal trainer can be so beneficial. Listen to HWH podcast episode 13 for all the benefits and also to find out important questions to ask if you’re considering working with a personal trainer. If you live in the Yakima area and are looking for a personal trainer Natalie can be contacted through Functional Fitness 509-452-4187.

natalie-nobbs

 

The Importance of Rest

Have you ever felt like life was just go-go-go all the time and you didn’t have any time to just rest? I’ll be the first to admit that I’ve been in that boat before to the point that I just felt burned out. When you hit this burnout mark it should be a wake-up call to you that you haven’t been getting enough rest. It’s easy to keep putting more and more stuff in our lives and it can sometimes be difficult to get the amount of rest you need. Rest can come in different forms and can be applied to different areas of your life. You can have rest for your body which can help you to recuperate energy. You can have rest when it comes to building wealth which can help motivate you to continue to save and invest. You can even have rest for your mind which can help you to be in a better mood, reduce stress, and help you to feel happier.

Rest for our body is probably the first type of rest people think of when they hear someone say the word “rest”. We tend to think of going to bed for the night or kicking back in the easy chair for a catnap. This type of rest is really important for our body to recover from the energy it exerted throughout the day and to help us regain energy to use the next day. Many times when we get really busy this type of rest is one of the things that gets cut back in order to squeeze a few more activities in the 24 hours that we have. We often tell ourselves “I can just wake up a little earlier to get that thing done” or “I can just work on it tonight and go to be a little later”. When we cut back on our sleep in order to be more productive we might be getting a little more work done in the short-term but in the long-term we’re actually hurting ourselves. I’ve seen time and time again in my life and in the lives of those around me that not getting enough sleep means we’re more susceptible to getting sick. When we get sick it dramatically slows down our productivity and can erase what we gained when we were working hard while sleep deprived. Getting consistent sleep and resting our body is very important if you want to keep good health, avoid getting sick, and feel like you have the energy it takes to take on your day.

Rest from wealth building is, I’m sure, much less thought of than rest for your body. I know you probably have an eyebrow raised when I say rest from wealth building. What I mean by this is simply being able to take a break and rest from being focused on building wealth by saving up and buying something special for yourself or for you and your spouse or for your whole family. For me, I tell myself pretty often that I’m not going to buy something because it’s more important to me to save and invest so that I can have recourses to buy things later in my life. I know that by saving and investing now rather than spending all of my money will help me get to my goal of becoming financially independent. This goal is really important to me and it’s more important to me than being able to buy that next gadget or gizmo that catches my eye. However, on the other hand, it is really nice to occasionally treat myself to something special as a reward for working so hard and for doing a good job of saving and investing my money. This treat might be taking my significant other out to dinner or buying something that I really wanted for some time. Buying this treat is usually something small that won’t break the bank. In other words, resting from wealth building means being able to spend a little to make sure you remember why you’re working so hard to save.

Rest also helps us to be happier. When we sleep we rest our whole body including our mind but there’s another kind of rest where we rest in order to rest our mind. Examples of this kind of rest would be when we get to have some time just to ourselves to read a good book or sip some coffee in the morning. It could be when we get to do a hobby that we enjoy or it might mean taking the family out to the local park to enjoy a nice relaxing day having fun. Mental rest is attained when we can free ourselves from the stress that we regularly subject ourselves to. When I fill my life with too many activities I start to feel overly stressed and when I get to this point it’s a reminder to me that I need to be more intentional about creating mental rest. Sometimes when I’m really stressed I enjoy just taking about 15 minutes or so just to close my eyes, try to relax my brain, and clear out all my thoughts in order to enjoy just some silence. This, for me, helps my mind to not get overloaded and stressed out. This sounds obvious but when I’m not stressed out I’m more likely to be much happier. Therefore, if we can use rest to minimize the negative impact of stress we can become happier.

Overall rest is an exceedingly important aspect of being successful in health, wealth, and happiness. However, it’s also something that is often overlooked and not taken seriously. If you want to be all that you can make sure that you’re taking the proper time to get adequate rest.

Increasing Prosperity And Happiness Through Gratitude

Before reading this post or listening to this podcast ask yourself the following personal growth questions: Have you been intentional about being grateful lately? What are the things that you’re most grateful for? How can you make a positive impact in the lives of others by showing that you’re grateful for them what they do?

It seems like every so often in life we get caught up in the daily grind and we forget to take a moment to appreciate everything that we have. If you want to create more happiness in not only your life but also in the lives of those around you and at the same time create more prosperity then you need to be intentional about being grateful. Often times, we’re quick to focus on the negative more so than focusing on the positive, and this is one of the reasons that I believe it’s important to be intentional about having gratitude.

Focusing on positive things helps us to create more happiness. It drowns out the negative thoughts that sometimes seem to pillage our minds. When I get busy and I’m not taking time to simply contemplate the good things that I have in my life I find that negativity seeps into my world. Being grateful for blessings is one of the best ways to stop negativity in its tracks. Getting in the habit of being grateful can help us sustain happiness and when we create happiness in our own life it spreads, through our actions, to others around us. When we’re grateful and we outwardly express it to those around us it communicates to others that we are grateful for them, and thus, brings happiness to those around us. In the business world, when a managers or team leader is outwardly expresses gratitude for his or her team it creates more productivity and more effectiveness.

If you want prosperity in your life then I highly recommend winning with gratitude. Being grateful for the things in your life can help you to see what your strengths are which can help you to better identify opportunities that come up. Seeing and acting on opportunities that help you reach your goals is how you create success in life. A negative person who is always focused on the bad is not going to see the opportunities that will help them to achieve success. However, a person who can see their own strengths can identify ways that they can use their strengths to bless others. You will find that by bringing value to the lives of others you will bring value to your own life.

A good attitude helps people become successful and gratitude helps support a good attitude. Attitude can be everything when it comes to success in the business world. Have you ever been helped by someone with a poor attitude? I have, and I tell you what, I dread going to businesses where the people there have poor attitudes. Your attitude can make or break your career. I’ve seen very competent people not receive a promotion simply because they had a poor attitude. I’ve also seen people who had a great attitude get hired over others who were more highly qualified simply because they had great attitude. I’m telling you, if you want a successful career or a successful business, have a great attitude.

If you’re currently bogged down with problems and you feel like negativity has you down remember that there’s someone else out there that would love to have your problems because their problems are much worse than yours. If you’re unhappy with your job then remember there’s someone who would love to have the job that you have. If you’re not happy with the home that you live in, remember, there’s someone out there that would love to have the home that you live in. You get the idea. Be thankful. Don’t let dissatisfaction bring negativity into your life and always have a heart of gratitude.

Wealth Builder Investments 101

First, I want to start off by saying investing is something that you need to do in order to become a wealth builder. Not only that, but if you want to achieve financial independence you must have income that’s being generated from some sort of investment. So, it’s imperative to your financial goals that you find an investment that you’re comfortable with and that will generate the income you need to reach your goals. Investing can sound complicated and sometimes intimidating too. If you’re new to investing and you want a hands off approach I would suggest talking to someone in your community, such as your local financial planner, about the different investing options for you. If there isn’t a local financial professional that can help you then you can turn to the internet. There is what seems like an endless amount of information on the internet that can help you better understand your investing options. You can find different companies that offer investing accounts online and investing professionals who you can call and talk to. I highly recommend doing your research before jumping into any investment. Make sure that you understand the level of risk associated with your investment and remember that it’s ok to start small.

So, let’s take a quick look at a few investments that are out there. One of the most common types of investments that are available are mutual funds. Well, what exactly is a mutual fund? According to Investopidia.com the definition of a mutual fund is, “an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.” Essentially, different investors pool their money into a fund that seeks to perform a certain investment objective. There are lots of companies that offer mutual funds such as Vanguard, T. Rowe Price, and Fidelity among many, many more. Different mutual funds invest into different things. For example, a mutual fund’s goal might be to mimic the performance of the S&P 500 so it will be invested in stock of those companies that make up the S&P 500. According to statista.com there were nearly 80,000 mutual funds worldwide in 2015. The great thing about mutual funds is that they can offer diversification in a very affordable and convenient way. Some of the more diversified mutual funds could be considered “balanced”. This is where they invest in both stocks and bonds. The nice thing about having a balanced mutual fund is that it is diversified meaning it will not be highly affected if there is significant movement in one sector of the market. There are also mutual funds that only invest into stocks, other mutual funds that only invest in bonds, and some mutual funds invest in different sectors of the market. These funds tend to have less diversification than balanced funds but the good thing about these mutual funds is that they can have upside exposure to the market sector that they are concentrated in. For example, a mutual fund can be made up of sever tech stocks which would expose the mutual fund to the tech industry. Or you can have a mutual fund that can be made up of several health care stocks which would expose that mutual fund to the health care industry.

Another investment that is similar to a mutual fund is an ETF (exchange-traded fund). I kind of like to think of an ETF as being half like a mutual fund and half like a stock. The Vanguard Group defines an ETF as “A type of investment with characteristics of both mutual funds and individual stocks. ETFs are professionally managed and typically diversified, like mutual funds, but they can be bought and sold at any point during the day using straightforward or sophisticated strategies.” ETFs, like mutual funds come in all sorts of different varieties. Statista.com tells us that in 2015 there were 4,396 different ETFs worldwide and just 442 worldwide in 2005 indicating a pretty significant growth in the popularity of this investment type. The benefit of having an investment that can be bought and sold like a stock is that the transaction of buying and selling relatively fast, at least compared to buying and selling mutual funds which, from my experience, can to take a couple days for the transaction to go through. If you need the money from the proceeds of a sale in a hurry to buy another investment an ETF might be a good option for you.

Stocks and bonds are another investment vehicle. In order to trade stocks and bonds you need to open an account with a broker. This broker could be a person in your community like a broker from Edward Jones, Merrill Lynch, or a small local company. You could also use an online brokerage company like Scottrade, E*TRADE, TD Ameritrade, and many more. Buying individual bonds or stocks is nice because you can customize your investment portfolio for a certain investment strategy. Also, it’s fun to buy and sell stocks as a hobby.

If you’re a more sophisticated investor you might be someone who trades options. According to Charles Schwab & Co’s website “An option is a contract giving the owner the right, but not the obligation, to buy (in the case of calls) or sell (in the case of puts) the underlying instrument at a specified price for a specified period of time. The underlying instrument can be a stock, an exchange-traded fund (ETF) or even an index… Unlike shares of stock, an option does not represent ownership in the underlying company.” Schwab’s website also says “Options can help you protect against risk, generate income, increase profits, lower your breakeven point, reverse your strategy without selling your stock, and even potentially let you set a purchase price for a stock below its current market price.” I don’t have any experience trading with options besides the simulated option trading I’ve done on Stock Track. Even after reading and researching option trading I still find it hard to convincing myself that option trading is something that I can be successful in.

Owning real estate can also be a good investment. I’m not talking about simply owning the home that you live in I’m referring to owning real estate in order to rent or lease it out and actually make a return on your capital. Granted, your personal home can appreciate over time due to the appreciation of real estate but I would not really consider your home as the same kind of investment that I’m discussing here unless you are renting some portion of your home like if you had roommates or lived in a multi-family building. I’ve seen and worked with many people that have built much of their personal wealth through investing in residential real estate. The residential real estate, I would say, is where most people usually get their first taste of investing into real estate and I would agree that this is a good place to start. The down side with investing into real estate is that it can be extremely expensive so if you don’t have the cash reserves then you can put yourself in a very tight and financially dangerous position. The other downside with real estate is that it takes a long time to get your money back out of it if you are trying to liquidate your position, at least compared to liquidating stocks. Trying to list a house for sale, find a buyer, and finally closing on your real estate can be quite the process and take a considerable amount of time. It’s not like selling a stock where you can simply jump onto your online brokerage account hit the “sell” button and almost immediately have the funds to buy something else.

There are tons of different investments out there. The most important thing that I want you to remember is to make sure that before you buy any investment you do your homework on that investment. If you’re working with a financial planner, a broker, or a real estate agent always ask lots of questions so that you feel well educated, confident, and comfortable with the investment that you’re considering. Never just jump into an investment that you don’t know anything about and be very cautious about getting into any kind of investment with family or friends.

Well, that’s all I have for you about investments in this post. Remember that you need investments to build wealth and achieve financial independence. Happy investing and good luck!

Improve Your Health And Your Home With Better Indoor Air Quality

Is your home making you sick? Many people don’t even realize that the headaches and allergies that they are experiencing could be due to the pollutants inside their home. There are a number of ways that we can eliminate the dangerous air pollutants in our home to make indoor air quality much better. Some of the ways are very simple and cost very little while other ways are more expensive and can take more resources. All of the tips I’m going to give you will help you and your family breath easier and be a little healthier.

A number of years ago I was working in the construction industry building new homes and I wanted to learn more about building green. One of the components of building green is building a home that is safe to live in. Now, you might be thinking to yourself “Aren’t all homes ‘safe’ to live in?” and I would respond with “No, actually not all homes are ‘safe’ to live in due to the poor indoor air quality.” There are many things that you should consider in order to make the indoor air quality better for yourself and your family.

One area of your home that could be making you sick is your heating and cooling system aka HVAC system. If the air filter has not been changed in a while or the venting system has not been cleaned in a while it may be time to get those items checked out. If you’re buying a home I recommend having the venting system and air filter changed right when you get into the home. This way you know for sure that it’s been recently cleaned and that it will not be blowing dusty air throughout your home. For cleaning your vents, also known as ducting, you can call a local HVAC contractor and they will likely know of someone who has the equipment to do the job. It’s important to have your ducts cleaning every few years because the ducting can be a place where dust, dander, and other nasty pollutants can hide and be put into your home at a later time. Also, rodents and other living things can sometimes use ducting for passageways and nesting. Just removing the rodents is not enough. If they’ve been living in your ducting for some time then there are likely droppings that you will essentially be breathing in unless your ducts are cleaned. After the ducts are cleaned get a HEPA rated air filter or a filter with a MERV 16 rating to replace the filter that you currently have for your furnace. The HEPA rated air filter is the top-of-the-line when it comes to air filters and these will likely be pretty spendy on the cost spectrum of air filters for your furnace. If the HEPA air filter is out of your budget then look at other filters that have a MERV 16 rating. The MERV rating is used to categorize how well the filter traps particles in the air and the rating goes from 1 to 16, with 16 being the best. So, the higher the MERV number you get the smaller the particle your filter will be able to trap, and thus, the cleaner the air in your home will be.

Another danger inside the home that can cause poor air quality is mold. You might not think that mold is in your home but I think that you would be surprised if you did some investigative work. Mold as we all know is an outcome of damp places. These places can be anywhere there is water on a regular basis. The way to rid your home of mold is to eliminate any water sources like leaky sinks or fixtures. Even a sink that just on occasion is leaking water in the cabinet below can create mold issues. Check below your sinks like the one in the kitchen, bathroom, and laundry room. Look for any water marks below the sink. If there are water marks tighten the pipe fittings so that they stop dripping. If you can’t get the pipe fittings to stop dripping then call a plumber or handyman to help you out. Another place that I’ve found mold in the past is around the bottom of windows. In the winter condensation builds up and can accumulate at the bottom of windows. When this happens you need to be intentional about wiping up the moisture and making sure that mold isn’t growing. Bathrooms seem to be a good place for mold to grow because of the hot water during a bath and shower puts off steam. Make sure to properly ventilate your bathroom when someone is taking a hot shower. Poorly ventilated bathrooms are going to trap that moisture and mold will soon start to grow. If you do have a mold issue, then you clean it with bleach, hydrogen peroxide, or vinegar. There are tons of tips on the internet for more specific instructions on cleaning mold. However, I think the best way to clean mold is to never let it start growing in the first place.

One of the worst sources of air pollutants can come from the products and materials that you put into your home. For example, paints and sealer can off gas what’s known as VOCs. According to the EPA  VOCs (volatile organic compounds) may have several negative health effects such as: headaches, loss of coordination and nausea, and are known to cause cancer in humans. This is big deal! It is incredibly important to your health, the health of your family, and the health of those who enter your home that the air in your home is safe and VOC free. To reduce the potential of bringing VOCs into your home make sure that when you buy new paint that it is VOC free. Also, if you plan on refinishing floors or cabinets or trim work that the sealers and stain that you use are VOC free. Another source of VOCs is the carpet in your home. If you get new carpet in your home look into the low VOC or VOC free options. Many times carpet manufactures will offer a “Green Label” certified product. This means the carpet has been made in a way that minimizes VOCs.

In summary, I encourage you to research the indoor air quality of your home. Improving this could make a big difference in the level of health for you and your family. Keep in mind that some of the health issues caused by poor indoor air quality do not show symptoms right away. However, the damage being done to your body could have long-term affects. You can do a lot of different things that either do not cost money or are very inexpensive to make sure that your indoor air quality is the best that you can make it. Doing a simple internet search for improving indoor air quality will help you on your way to making sure you’re providing good indoor air for everyone in your home.

Pruning Your Life To Create Focus And Success

Hey guys! In this post I’m going to talk about pruning your life. This means cutting back the things that you don’t need to do so that you can put more focus on the things that will help you to reach your goals. I know that you’ve experienced this too, that point you realize you’re crazy busy with life and it doesn’t seem like you’re making the kind of progress on your goals that you want. When you hit this point it’s time to do some pruning. So, what does pruning mean and how is it going to help me?  This is the question that I will be answering in this post.

I grew up out in the country near acres and acres of apple, pear, and cherry trees and every winter work crews would work their way through each tree pruning off the excess growth. Someone might ask “Why would you want to prune branches that are going to bear perfectly good fruit”. The answer to this question in one word is: quality. If a fruit tree grows unpruned it’ll likely grow a tremendous amount of fruit, which might sound like a good thing, however, it isn’t, simply because the tree actually grows too much fruit. An apple tree for example is going to grow more apples than it has nutrients to grow into quality fruit. The fruit on the unpruned tree will be very small because there are so many pieces of fruit on the tree sharing the nutrients that the tree provides. So, by pruning back some of the tree it creates fewer places that fruit can grow. By doing this, the apples that do grow will have a higher amount of nutrients and will grow to become big, plump, beautiful apples.

In life it can be easy for many of us to find ourselves over committing, trying to do too many things, and not giving our goals the appropriate amount of time and resources required. After some amount of time goes by we look at our lack of progress with these goals and then wonder why we’re not getting anywhere. If this happens to you, it’s time to start doing some pruning. If you find yourself saying yes way too often and then becoming distracted from reaching your goals it’s time to start saying no. Saying no to one thing means that you get to say yes to something else. Therefore, saying no is a form of pruning.

When it comes to health, wealth, and happiness, pruning can help you to focus more time and resources on your goals in these areas. One of the biggest reasons I tell myself that I’m not going to the gym is because “I’m too busy”. As we all know, this is totally a bogus reason for not going. I need to be better at prioritizing my time and if you find yourself slacking in health, wealth, or happiness because you “don’t have the time”, then you need to do a better job at prioritizing too. When we prioritize we simply look at the things that are most important to us and we make sure that we’re paying the right amount of attention to these areas. For the area of happiness, are you spending enough time with your family and loved ones? If you’re not, I can tell you that you’re going to regret it when your relationships start to suffer. Are you spending the proper amount of time to budget and plan for building wealth? If you’re not, your going to realize down the road that you wish you would have done a better job at this. For your health, are you spending enough time in the gym and making healthy meals? Or are you skipping the gym and eating junk because you “don’t have time”? The only way you’re going to be successful is if you make time to be successful and you make your goals priorities. Do you want to be a great husband and a great father or a great wife and a great mother? Then you need to be intentional about dedicating time to this area of your life. Do you want to be a wealth builder? Then you need to be intentional about dedicating time to this area of your life. Do you want to live a healthy lifestyle? Then you need to be intentional about dedicating time to this area of your life. You don’t become successful in something by accident. You become successful by being intentional about your goals in that area of your life. You must give those goals the necessary time and resources to accomplish them.

There are other areas of your life that you can prune besides just areas that will give you more time. Sometimes people need to be pruned from your life. Is someone in your life dragging you down instead of building you up? Does this person create negativity in your life and slow you down from reaching your goals? If so, you may have to decide that this person doesn’t need to take anymore of your time and “unfriend” them. This sounds a little harsh and it doesn’t have to be that drastic. Simply deciding to spend less time around someone that brings you down and spend more time around someone that builds you up is all you need to do. But what if this person is close to you and you can’t escape them? If the person that is bringing you down is a coworker or family member that you can’t really unfriend you need to have a talk with them. Make some time to meet with this person one on one. Tell them that they’re negativity is dragging you down. I believe that communication is key in most situations. Some people might not even realize that they’re being negative and dragging you down and maybe a good chat will help them to realize what they’re doing. You could have a really positive effect on his or her life just by taking the time to help them realize the effects of their actions.

Another area of your life that you can prune is the area of habits. Do you have some bad habits that you need to rid yourself of? A while back I realized that I was drinking way too many sodas throughout the week and so I cut back to drinking just one or two a week. I really enjoy a nice cold soda but drinking too many isn’t good for you just like too much of just about anything isn’t good for you. When it comes to pruning bad habits in your life you must take a hard look at the things that you’re doing that you know you probably shouldn’t be. Are you drinking too much alcohol? Are you smoking? Are you eating ice cream just before you go to bed? Are you drinking caffeinated beverages late in the day or early evening? What is a habit that you know you need to prune out of your life?

Pruning can be difficult. It takes discipline and it takes courage. It takes strength to walk away from someone or something that is keeping you from reaching your goals. However, the fact is that pruning will help you to reach your goals and pruning will help you to build yourself into the person that you want to be.

Being Intentional About Unloading Stress

If you’re human then you’ve experienced stress. Stress can come from all sorts of different areas of life: from work, from home, and everything else that we find ourselves doing. We’ve all experienced it and sometimes too much stress can build up. On the other hand, I believe stress in a small amount can actually be a good thing. I think of when I feel challenged at work or when I’m working out at the gym there is a mild level of stress there. However, too much stress for too long can bog us down and depleted the happiness from our lives. From my experience when stress and burnout hit at the same time that’s when I feel the most defeated and this is obviously something that should be avoided.

We can’t always control the things that happen at work or in our personal lives and therefore stress is something that we’re going to encounter. The good thing is that we can control how we diffuse stress and if we do this we can avoid the negative impact from stress and use small healthy amounts of stress to our benefit as a way to keep us motivated and engaged in different areas of life.

Here’s 5 ways of letting go of stress.

One way to be intentional about reducing stress is making time for yourself. I know that you parents out there with young kids are saying “Yeah, right, time to myself, huh? What’s that?” But even just taking 15 minutes to have to yourself in the middle of a busy day can be extremely helpful. This could be some quiet time to read a book, mediate, or just sip some hot coffee on a Saturday morning. For me, I like my quiet time. I’m totally an introvert and being around a lot of people makes me feel stressed. After being around a lot of people I enjoy just being alone and having some quiet time to myself. The same is true for me at work. On my lunch break I enjoy finding a quiet place to be by myself. I have found that more and more when I’m driving by myself I turn the radio off and just drive in silence and focus on relaxing and letting go of the stress.

Another way to reduce stress is to hit the gym. There’s something about going to the gym and getting a good sweat on that feels good and helps reduce stress. I’ve read and heard from several people that exercising releases endorphins which are chemicals that are naturally produced by your body that help you to feel good. Also, exercising on a regular basis can increase your metabolism which can help you to feel like you have more energy to conquer the challenges that you face day to day. This will help you to feel ready to tackle the things that you would normally dread. Having a better attitude because you have more energy can help you to feel more confident and less stressed.

Another great way to relive stress is prayer. Sometimes we don’t always have someone to talk to about the stressful things that are going on in our life, or sometimes we don’t want to burden the ones that we do have to talk to with all of our own stresses. The great thing about prayer is God always has time to listen to us. He’s always there willing to take the burdens from our lives. Asking God to help you through that hurdle that you’re facing can help you to let go of the stress by realizing He is for you and with you every step of the way.

Eating right can help you deduce stress . When I’m stressed it’s easy to eat junk food as a quick treat that temporarily makes me feel good. I get a huge smile on my face when I think of stuffing my face with a bunch of glazed donuts. But junk food is only a temporary fix that has really bad side effects. Eating junk food is bad for our health and the longer-term effects are just going to make you feel sluggish. As I’ve learned in the past all those donuts might be tasty right when you eat them but the upset stomach and the energy crash they cause you will only bring you dissatisfaction. Also, drinking lots of water can help us to avoid dehydration. For me, a lack of water means that my mind isn’t as clear as when I’m fully hydrated and eating clean. Also, try to eat on a regular basis. We’ve often heard of the word “hangry” which is a combination of the word hungry and angry. Some of us get upset when we don’t eat and this can add to our level of stress.

The final tip for reducing stress is to get good sleep. We’ve all been sleep deprived at some point where it feels like we’re running on fumes, our body feels like it’s dragging, and our mind seems foggy at best. Sleep can make a huge difference on our energy levels and how we react to stress. To get a good nights rest try to go to bed and wake up at consistent times. For me, if I stay up way too late, like on a weekend night, it takes me at least a couple days to get back into my sleep rhythm. When I get out of my sleep rhythm, from either over sleeping or under sleeping, I start to feel sleepy and groggy and it’s hard to be productive when I feel this way. So, try to keep your sleeping times consistent. Also, avoid caffeine late in the day. I found that when I stopped drinking caffeine after 1pm I was getting better sleep and feeling more rested.

In summary, a little stress is good but too much stress can really take a toll on your life. Be intentional about reducing stress in your life if you want avoid hitting the “red zone”. Believe me, reducing stress in your life will bring more happiness to yourself and those around you. So remember, take some time for yourself, get some exercise, make some time for prayer, eat right, drink enough water, and get some good sleep. If you do these things you’ll be able to fire on all cylinders and tackle whatever the day throws your way.

Finding Your Why For Building Wealth

If you want to be a wealth builder you need to have a good “why” if you want to be able to sustain the path to building wealth. Your “why” is the reason that you want to build wealth. It answers the simple question: “Why do you want to build wealth?” You can have several whys or as little as just one. Your “why” is derived from your dreams so its important that you take a long look at your dreams and come up with reasons why you want to build wealth. Your dream could be anything: maybe to achieve financial independence, to save up for that new car, or to be able to travel the world someday without the worry of having income. Here are some additional examples of whys that’ll help you get an idea of what they can be. One why might be that you recently became a parent and now that you have a person to take care of you want more financial stability. Another might be that you want to save up and invest for a comfortable retirement. Or a “why” might be that a person wants to save up so they can buy his or her dream home. There are what seems like an endless amount of things that we can buy with our money and therefore there are also an endless amount of “whys” that we can have.

So, why is having a “why” important and what does it do for you? Your “why” answers the question on why your willing to save and invest now rather than spend your money on something else. Your “why” gives you the justification to say “No, I’m not spending this money now, because I have a greater purpose for this money in the future”. Your “why” gives your wealth building a purpose and gives you a reason for delayed gratification. Most people do not become wealthy because they can’t embrace delayed gratification. People want things now. That’s why so many people have gotten themselves in such terrible financial situations with consumer debt. In stead of saving up for a purchase and making sure priorities like retirement funds are coming first, they just go out and buy whatever they want whenever they want it. That’s great for retailers but it’s bad for a person’s financial health. When people go out and make too many reckless purchases they eventually start to buy things that they can’t afford. That’s when credit cards come into pay. I’m not saying that buying “stuff” is always bad. I buy “stuff” too. However, if you want to be a wealth builder you need to create a budget, make sure you’re contributing funds to your goals like retirement, and then once all of your priorities are taken care of, then you can buy the “stuff”.

Your “why” is your also a source of hope. It’s incredibly important to have hope when you’re trying to achieve any goal. Weather it’s a health, wealth, or happiness goal your “why” identifies your hope that will keep you motivated to keep on the wealth builder’s path. This helps to keep you from buying those things that you don’t really need.

Your “why” will also help you to determine how much wealth you need to amass. This is because your dreams, your goals, and your “whys” are all interrelated. We know that creating an intentional life starts with determining our dreams so that we can create goals and then a plan to reach those goals. The “why” is the fuel that we use to help us attain our dreams and work towards our goals using our plan. For example, if your “why” is that you want a new car then determining the price of the car will tell you how much you need to put away.

My friends, I would like to encourage you if you haven’t done so already, take some time to reflect on your dreams. Turn these dream into your own personal “whys” and use these “whys” to keep you on track to reach your goals. Think of all the people that your “whys” could benefit: your family, your friends, your community, and your church. Involve these people in your “whys” to make your “whys” that much more powerful.

Tips For Running

A lot of us enjoy running, I know that I certainly do, and I’ve done my fair share of it. I don’t do as much as I use to but I still love to get out and burn those calories and get the heart pumping. If you’ve been running for a while now or you’ve been thinking about trying running to get fit you might take into consideration these tips for avoid injuries and get the most out of running.

The first tip is to have a good pair of shoes. If you’ve been running for a while in the shoes that you have and they’re starting to lose the cushion it’s time to get a new pair. If you’re someone who is considering getting into running I highly recommend getting a good pair of running shoes instead of using the old sneakers that you have already laying around. Having good shoes is important for several reasons. First, your shoes absorb a lot of the shock from your foot striking the ground during each stride that you take. Your joints that would normally absorb this shock are your ankles, knees, hip, and back. To save yourself from discomfort later in life with these body parts pickup a good pair of shoes that will take some of the shock out of each step. From my point of view it’s a much less expensive to buy a good pair of shoes now and then it is to pay for medical costs to address the injuries you’ve obtained later from running. If you can afford it you might even consider buying two pairs of running shoes and rotating them. I’ve heard that when you run in a pair of shoes it can temporarily squish the padding down. Think of a wet sponge that you swish down and it slowly regains its shape. Running a long distance in a pair of shoes can swish down the padding and by rotating your shoes it can allow more time for your shoes to regain the full cushion. I haven’t scientifically tested this theory but it makes sense to me. For my running shoes I have a pair of trail running shoes and a regular pair of running shoes and I try to rotate the when I work out.

The second tip is to make sure to ease into running. If you’re new to running or if you’ve been thinking about getting back into running make sure to start slow and build up the mileage and difficulty levels over time. There have been a few times in my life where I was running on a regular basis and I felt really confident in my running abilities. It was easy during these times to go out and do pretty challenging running workouts. Having this capability gave me a confidence that can be a little dangerous. This is because, on the other hand, there have also been many times that I had not been running very much and my body was not in as good of shape. Whenever I get back into running, like when I decide to start training for an upcoming event, I have to remember to start back into it slowly in order to avoid injuries like pulling a muscle. If I try to try to jump back into doing the interval workouts that I was doing when I was in excellent shape after not running for a long period of time, I will expose myself to a higher level of possible injury. Doing too much running at a high difficult level too fast will get you injured. Ease into it and build up over time.

Another tip for avoiding injuries is to cross train. If you’re someone who is training to do a 5k or 10k or something even longer and you are just getting back into running or haven’t ever really been a runner before then cross training can help you to develop the repertory system and endurance without as much pounding that running alone inflicts on your joints. A couple of things that you can do to cross training are swimming and bike riding. A “brick” workout is where you combine a run and a bike ride. Doing this type of workout can help build your endurance but introduces more low impact exercising into your workout from the bike riding portion of the exercise. In the winter time I enjoy doing more of the stationary biking indoors. This way I can avoid cold temperatures but also avoid the icy roads and sidewalks that can present slipping hazards. Obviously different exercises use different muscles so the muscles that you use for running will not be as exercised as much when you do something like ride a bike, for example, however, I believe that the rest that you give your joints from cross training can help you to avoid injuries. You can also try the machines like the Elliptical, the stair stepper or the Versaclimber if you’re looking for a great exercise that avoids excessive impact to your joints.

The fourth tip involves the things that you eat and consume. Something else that you might try if you plan on getting into running is taking supplements. There are tons of supplements like multivitamins, fish oil, probiotics, and glucosamine based products that are available that can help you in different ways. From the research that I’ve seen there isn’t always documented proof that some of these supplements do what they are sold to do however if you can find room in your budget for some of these supplements I figure it can’t hurt. I’ve always been a firm believer in making sure that my body is getting the nutrients that it needs to perform and in my opinion it will get there when I give it quality supplements. In addition to supplements, eating clean will help you to give your body good fuel. When I eat junk food I tend to feel sluggish and the energy that I get doesn’t seem to be as lasting as when I eat healthy. Eating junk food seems to give me a short-term burst of energy but then I crash. I want something that’s going to help me to have an even amount of energy throughout the day. If you want an even level of energy throughout the day you might try moving to 5 medium meals per day in lieu of 3 large meals per day. While we’re on the subject of consumption make sure that you’re drinking plenty of water throughout the day as well. For me, if I don’t drink enough water, and I become start to become dehydrated, I feel sluggish and my mind just doesn’t work as well as it usually does. If I’m feeling sluggish, then I’m not going to be motivated to go running and workout.

Doing a warm up run followed with some stretching before your actual running workout can help loosen up your muscles. I’ve been in the habit of doing this ever since I started putting on the miles. My cross-country coach, Mr. Mattson had us warm up and stretch before every practice and I believe it helped the team avoid injuries. When I go running I’ll typically run about 800 meters at a nice-and-easy pace and then stretch. After I stretch I’ll start my actual running workout.

To recap: the first tip was to get a good pair of running shoes. The second tip is to ease into running, don’t jump into difficult running workout too fast. The third tip is to cross train when you can. Go for a bike ride or hit up a cardio machine at the gym. For the fourth tip take a look at the supplements available. Do you think any of these can help you? Also, try to eat clean. I know this is a tough one for me but it is really important if we want to feel good and perform at our highest level possible. And lastly, do a warm up run and some stretching before hitting your actual running workout.