Thursday

10 'Debtly Sins' That Will Keep You In Debt

The 10 'Debtly Sins That Will Keep You In Debt
Copyright © Ope Banwo, 'The Wealth Apostle'
http://www.OmegaSuperProfits.com

Hello,

Hope you are winning in the market place!

Today I want to share with you all the 10 habits or actions that may get send you into perpretual slavery. It is no longer a secret that the debt epidemic is in full swing. Everywhere we read of bankruptcy filings reaching record highs every single month. Individuals and corporations have not been spared. Families and marriages have been streched to breaking points with the debt burden. Any wise person will do well to understand the actions or habits that can lead them into this part of virtual slavery to the creditors.

The 10 debtly sins that I will discuss today applies to you whether you live in acapulco, banladesh or in california. So, brace up and enjoy!

You Must Repent of the 10 Debtly Sins

Debtly Sin #1: Thou shall not be presumptuous on your finances
It is a serious ‘debtly’ sin for you to assume that your job, business or present level of income will continue as it is forever. When you spend all you make without thought to what will happen in the event that your present source of income is interrupted you are committing a debtly ‘sin’ for which you will most likely pay down the road.

We should be grateful for our finances as they are right now but we must manage what we make now without presuming that things will always be this good. While we expect God to continue to provide our daily needs, we err when we begin to assume that the daily bread will always be there no matter how we manage our finances today.

Debtly Sin #2: Thou shall not be Impulsive on purchases
Impulsiveness is one of the quickest ways to get into debt. When we buy stuff not necessarily because we need it but because it just catches our fancy or because it is on sale, we invite the debt spirit to haunt our homes. How many times have we bought stuff on impulse only to have a buyer’s remorse less than 24 hours later? To avoid this ‘sin’, we must have a system in place to ensure that our purchases are made after serious deliberations and consideration of our present needs or requirements

Debtly Sin #3: Thou shall not covet your Neighbors Possessions
Covetousness is one of the cardinal vices God first counseled us against. We often get into debt because we covet our neighbors new car, new clothes or new acquisitions. In our bid to hang with the joneses, we often stretch our finances to a point where taking on more debt becomes inevitable for us. To avoid this debtly ‘sin’, we must learn to be content with what we have within our means

Debtly Sin #4: Thou shall not forget to establish Financial Goals
It is easier to score a goal, when the goal post is very clear. Without a goal post, you can dribble your life away without achieving any goals. You cannot achieve goals if you don’t set one. Financial goals have to be clearly set and doggedly pursued in order to arrive at the financial destination you desire. Your financial decisions will then be guided by the goals you have set for yourself. You will dissipate less energy for greater results if you have a goal you are pursuing.

Debtly Sin #5: Thou shall not be too passive about your debt situation
You cannot afford to wait around thinking that your debt situation will resolve itself. You must be very active in trying to find a solution. You must take your destiny in your hands and seek Godly counsel on how to deal with it. Passivity will kill you!

Debtly Sin #6: Thou shall not be wasteful of God’s resources
God will hold you accountable for the resources He has invested in you. The parable of the Talents is a good warning you are well advised to heed. It is debtly sin to waste your resources and resort to borrowing to fill the gaps in your lifestyle. Borrowing resources to waste on unworthy projects or activities in a sure ‘sin’ that will ruin you.

Debtly Sin #7: Thou shall not procrastinate on financial matters
Procrastination is the greatest enemy of progress. Once you have decided on a course of action to solve your financial problems, you must act immediately. A day wasted is a day wasted forever and that will add many days to your days in the financial wilderness.

Debtly Sin #8: Thou shall not avoid responsibility for your finances
Nobody is responsible for your financial situation but you. Passing the responsibility to others is risking a lifetime of financial worries. It is your responsibility to seek out books, seminars, mentors and opportunities that can help you. People can only help you but they are not responsible for you.

Debtly Sin #9: Thou shall not rob Peter to pay Paul
Money saved up for retirement or for the education of your children should not be applied towards an emergency that does not relate to them. Robbing Peter to pay Paul will eventually disrupt your chances of financial progress and success.

Debtly Sin #10: Thou Shall Not Spend More Than Your Income.

Cut you coat according to your cloth and not according to your size if you don’t have enough yards of cloth. The fastest way to financial ruin is to leave beyond your means. There is no point spending money to buy what you don’t really need to impress people who really do not like you.

That it folks. Let me know what you think. Post your comments now.

You can join my newsletter by sending email to omegawealthnewsletter@getresponse.com

See you at the top of the food chain


Ope Banwo,
"The Wealth Apostle"
...Helping You Build Legacy Wealth, One Business Opportunity At A Time.

About the Author:
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Labels: debt management, debtly sins, money management

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Make the Leap to Home Business Success
Copyright © Stone Evans, The Home Biz Guy
http://www.PlugInProfitSite.com/main-24484/freesetup.html

Before you can have a successful home based business, you must first possess 3 "intangibles." These are things that must come from WITHIN you.

 ===> Intangible 1 <===

First,you must have a strong WHY.

Why MUST you have a successful home business? What is driving you? What is it that you CAN'T have in your life anymore and/or what is it that you absolutely MUST HAVE now?

For me, I couldn't stand working 12+ hours a day anymore and missing the experience of my children growing up. I also absolutely HAD TO HAVE the freedom of being able to control my life and finances through a little box (laptop computer) that I could carry with me anywhere in the world and not be tied to anyone's time pressures or demands but my own. That was my carrot and my stick. I felt a great pain deep in my gut of missing out on my children's lives and the incredible freedom that succeeding in a home based business would provide for me. I found my why. You MUST find yours.

===> Intangible 2 <===

You must BELIEVE that it is possible.

If you don't believe that it's POSSIBLE for you to have a successful home based business or make your living from home, you won't. It's that simple.

For me, figuring out that it was possible was just a matter of realizing that many other people were ALREADY making great money working from home. If they could do it, I could too. It would just be a matter of figuring out what those people were doing and then adapting it to my situation.

There is no shortage of undeniable PROOF that people (millions of them) are making money working from home. Just get online and do some research and you'll find countless testimonials and stories of REAL PEOPLE making real money on the Internet. Or head to your local bookstore and you'll find the same documented evidence of this fact. Truth is, it's getting easier and easier to make money with your own home based business.

I've always said that "affiliate marketing" (a simple way to make money from home) is the job of the future. In the old days, you had to go to a potential employer, apply for the position and hope for the best. Now you can simply go to any company you want, fill out their affiliate application and start work immediately. Affiliates are the new working class. In fact, making money with affiliate programs or making your living on the Internet is WAY MORE than possible. It is pretty much (or will be soon enough) unavoidable now. Affiliate marketing is the "job" of the future that's already here TODAY.

===> Intangible 3 <===

You must be willing to MAKE THE LEAP.

Ready, FIRE, then aim... This is the operating philosophy you MUST adopt to succeed with a home based business.

That's backwards for most people who like to aim before they fire. The fact is that home based business success is a moving target... The only thing constant about it is change. You need to stop analyzing the game and simply jump into it. You can't learn from the outside... You have to be *IN THE RING* to truly understand and profit from it. In fact, this is a business where you can truly be earning WHILE you're still learning...

The lesson here is that you will never really be READY to start a home based business. You simply have to start one. It's like having children... You're never really ready, but when it happens you adapt and grow and therefore you succeed. This is what I call: "Making the Leap"!

The good news is that the cost of failure with having your own home based business is very small. In the "brick and mortar" world you need to evaluate things very carefully before you decide to open up a business. It's almost always necessary to invest thousands of dollars to get an offline business off the ground. However, on the Internet you can often start a successful business for less than $100. The Plug-In Profit Site is a great example of this where you can get your own money-making site setup free within 24 hours:
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You simply need get IN THE GAME... Each moment that you stay "out there," you're wasting valuable time that you could be learning and skills necessary to build a successful home based business. In fact, if you're not in the game yet, you're ALREADY behind the times... Make the leap to starting and building a successful home business TODAY!

About the Author:

Stone Evans, The Home Biz Guy has helped thousands of people in over 200 countries around the world start and run a successful home business. Discover 3 easy steps to start your own home business and subscribe to The Home Biz Guy's FREE Home Business Secrets Mini-Course at:
http://www.PlugInProfitSite.com/main-24484/freesetup.html

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