Tuesday, July 8, 2008

Preface - What I'm bringing to the financial conversation? (part 2)

I continue in this post with additional background information on myself.

Around the same time that I was trying to get a business going with a personal debt load of $25,000 (not including a mortgage), I met a man named Dave Ramsey that forever changed my thinking on debt. My family and I got gazelle intense, had garage sales, sold our house, moved into a rental, got extra jobs, and started paying off our debt as quickly as possible. We were debt free by June 15, 2007.

The only problem with the gazelle intense focus for me was that I believe I was focusing too much time and energy with our outgoing cash flow and not spending enough time on our incoming cash flow.

Before reading 4-Hour Workweek, I've always had the mindset/struggle of trading time for money. In both my career and service business, I've been trading too much time for too few dollars, and with the energy crunch/slowing economy that we're currently under, I'm wearing myself out just treading water financially. I'm sick and tired of being sick and tired! It's time to start trading ideas for dollars! I'm done with the stress that time work has on me and my family.

So, this blog is about one man's journey to reconcile the time-honored financial principles of financial experts such as Dave Ramsey, and yet enjoy the journey of lifestyle design as proposed by Tim Ferriss. I'm excited to see what's going to happen in the next several months.

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