January was another exciting month. Isn’t an exciting life what life is all about. We had many emotional rides this month for sure. It will be another month that will go down in the record books
Most people would say they love pets. I know growing up I had Rabbits, Fish and Dogs. As an adult I had dogs also until I was in my mid-thirties. My first dog was a Black Lab called “Flash” and he was a fun dog but I had to leave him with my folks when I moved out of the house to an apartment. My next dog was a female Golden lab called “Mariah”, she was a great dog also but tore up the yard. Our boys would love to have a dog I know but it just doesn’t fit in our current situation.
We all probably have different meanings of what a “Need” or a “Want” is to each of us. We have tried to get our boys in the habit of looking at things as a Need or Want when they want to buy something.
Have you ever co-signed on a loan for someone before? If so, how did it work out? I have had many friends that co-signed loans from student loans to personal loans for their kids, relatives or friends and some of those loans they ended up having to pay them off. I co-signed on a couple of loans and they both worked out but at times I lost sleep worrying about getting stuck paying for them. I tell myself I won’t put our family in that position again.
Weddings are a fun and very emotional time. They can also be a very expensive time. We get all caught up with the excitement of the event or party and can lose control of the cost if we use a credit card instead of paying cash.
What a wild ride of a year we had but it was a fun year. When I look back it is hard to believe we stuffed so much in to it. We had a lot of visitors to our house and we visited them in the summer. We lived life to the fullest and isn’t that what life is for.
We have the Mills Way to Financial Freedom rules that we teach our boys. Today let’s talk about the main Action Steps that we teach our boys so they can work towards reaching Financial Freedom.
How does the word “No” have anything to do with reaching your Financial Freedom Goals you may be asking me? It is a huge factor, I think. You need to be able to say “No” at times to be able to stay on your budget and disciplined to reach your goals.
Winter is here in Arizona now. We have Snow up north and our morning temps are running between 40 to 60 degrees. Burr.. LOL At least we don’t have to shovel any snow in Mesa where we live.
Setting Financial Goals is the first rule in the Mills Way to Financial Freedom rules that we covered with the boys. The importance of goals is to help us make our dreams happen. You need to write them down to be able to make them happen. Difference between a Dream, Idea, Vision and a Goal is nothing more than writing it down.