Overcoming The Rising Cost Of Healthcare, Childcare And Tuition

The rising cost of healthcare, childcare, and college tuition are among the biggest concerns for young people entering the workforce. Rising cost of basic needs have caused many to look outside themselves, searching for a solution.

Some expenses have to be paid before we even get to work for the day.  The baby has to be cared for, health care plan has to be funded, and we still have that debt from school hanging over your head.  The burden of these basic expenses can be a distraction from making progress toward your goals.The burden of basic expenses can be a distraction from moving forward Click To Tweet

Life Comes at Us Hard

As soon as we enter the workforce, we start to realize the amount of work it takes to earn money. There are expenses to commute to work. There are expenses for baby care. There are school loans to be paid. There are insurances and health care to pay for. All kinds of expenses that we pay for and we haven’t even made it to work! These are only a few of the seemingly endless expenses we encounter that try to separate us from the money.

Dreams fade fast in the light of reality. The dreams we had during adolescence seemed so real and achievable. There were no limits then. But when you realize how hard it is to earn and accumulate money, you forget all about those things you were going to achieve when you were younger. Read More →

7 Fundamental Footsteps To Finding Financial Freedom

Achieving Financial Freedom – providing for yourself and your own family is certainly not easy, but independence has its rewards. It astounds me every time I encounter someone who takes pleasure in being dependent on someone else or worse, the government.

As soon as I graduated high school, I left home to go into the Navy where I would start providing for myself.  In fact, I enlisted in the Navy in October of my senior year.   I love my folks, but being dependent on anyone, including my parents was just not something that had any appeal for me.

These days, it is common for adult children to continue living with parents indefinitely.  They may move away for a while, then boomerang back home to enjoy the life of dependence.

Financial Freedom begins by achieving a state of Self-Sufficiency, being free from dependence on another for your basic needs. Sometimes there are good reasons for returning home. It is good to have parents that can assist for a while, but not when there is no effort to return to an independent life.

Break Free From Dependence

Maybe you have found yourself at the point where I was many years ago.  After serving in the Navy for about ten years, I was not earning enough to support my growing family without some assistance from the government.

You can read the long story of how I got to that point and how I recovered in Who is Responsible to Provide Basic Needs of Americans? That post laid out the problem and referenced next steps. This post should be more of a challenge to take the next steps toward independence and gives you clear steps to that end.Whether you are dependent on the government or on your parents, it is time to plot a course for self-determination and self-reliance. Click To Tweet

Now, if being broke and dependent on the government or someone else describes your situation and you are ready to start on your path to financial freedom, this article is written for you.

Don’t give up hope.  There is a way out when it feels like there is no way out.  It might not be quick and it may even get darker before dawn. Read More →

Break Free from Living Paycheck to Paycheck

Are you tired of having month left at the end of your money?  When was the last time that you had money in your pocket on payday before the paycheck hit your account?  If it has been longer than you care to remember, it is time to make some changes that will break that pattern of living paycheck to paycheck.Tired of having month left at the end of your money? Click To Tweet

Disclaimers

Let me say right up front here that these techniques might not be the appropriate next step for all readers. you might be in a situation that needs a different approach at this point. Everyone is not in the same condition.

Each person has their own set of circumstances and there are times when you just cannot control the circumstances you are in.  I wrote about that period in my life in a blog post titled Who is Responsible to Provide Basic Needs of Americans?

“Living paycheck to paycheck” infers earning a paycheck and spending all of it. If this does not apply to you, take this post with a grain of salt. Maybe you are a student living on a stipend until you graduate and get a job. Read More →

Scarce Vocational Perks Former Generations Banked On

Oh, how to revive the job perks that former generations took for granted — promotions, growing wages, benefits, pensions, mutual loyalty between employers and employees!

In days gone by, there were a number of perks that a loyal employee took for granted.  It was common for people to finish school and begin a career at a company or firm where they would work for twenty to forty years and then enjoy a fitting retirement.In days gone by, there were a number of perks that a loyal employee took for granted Click To Tweet

Then one day that all changed.  In fact, many things changed simultaneously during the first decade of the 21st Century.  It seems the whole world changed. Read More →

Leave A Legacy Of Prosperity For Your Children

Set new expectations of American life for your Children that will bring about unparalleled prosperity for their generation. The concept of leaving an impact on the world can be scary. Intentionally deciding what your legacy will be is awe inspiring. It can feel overwhelming.

Have you begun to contemplate the concept of raising children? What legacy are you going to leave them? Whether you have children already or not, the actions you take today are shaping the world that your children will inherit.

Before Having Children, Think About Their Future

Before you ever have children is the best time to start thinking about the future you will leave for them.

I’m not talking about the material wealth you will accumulate and leave as an inheritance for them. I am talking about participating in the American economic system and bolstering it.

Don’t make your children cope with the same mess that young people are living with today.

Realization Strikes

One day you wake up and the realization hits you that the decisions you make now affect not only your future but the future of your offspring. The fate of generations is in your hands. Wow, what a thought.

The question is – what will you do with it? Keep living for the here and now or start making the best future possible as your legacy?The fate of generations is in your hands. Wow, what a thought Click To Tweet Read More →

Launching A Practical Get Out Of Debt Plan

The quote from Suze Orman that “Debt is bondage” is so true.  Debt not only holds you in bondage, it steals from you in the form of finance charges.

Do you find yourself avoiding answering the phone because you are tired of the bill collectors calling? I can remember being so broke that I had to spend extra money overnighting my house payment to the mortgage company. That was before the days of online bill payments. You have got it so much easier than ever before.

I have discussed debt and relayed my story about how I got into and out of nearly $100,000 of debt in earlier post Who is Responsible to Provide Basic Needs of Americans?

In today’s post, I want to help you create a plan of action and milestones. A good plan will lead you directly from where you are today to the point of complete freedom from debt. I will give you practical and actionable steps that you can follow to do what I did that got me out of debt.

Philosophy – The How and Why

Vale le Pena! Translation – It’s Worth It! Financial freedom is worth the sacrifice that it takes to get there. There will be some discomfort between where you are and where you want to be, but by enduring it you will reap the reward.Financial freedom is worth the sacrifice that it takes to get there Click To Tweet

When you are financially free, more of what you earn is yours to keep. You can buy and actually own more if you are not sharing a portion of your income with your creditors.

In the future, when you need to borrow money for big purchases like home or car, less money will go to finance charges allowing you to have nicer things.

Maybe you are in a place now where you are forfeiting too much of your hard earned income to finance charges. Perhaps you are not able to get the financing for a new car you want. Is your FICO score where you want it to be?

Pitfalls to Avoid

Setting the target unrealistically high

When you take account of how much you owe and how long it will take to get out of debt, the timetable of the goal could cause you to quit before you succeed. Read More →

How To Write Effective Resumes For Better Careers

Whether you are currently unemployed, underemployed or possibly still a student searching for a job, a well-written and formatted resume will help you land the best job for your qualifications.  Creating an impressive resume is a critical skill which will enable you to move up in your chosen career field.

Many highly skilled and knowledgeable adults are underemployed in America.  One contributing factor to this problem is an inability to present your value to the prospective employer in a resume.  This is something that you can fix in a day or so with some good training. Read More →

Last Minute Guide For New Years Resolution Breakthrough

What is your New Year’s Resolution this year?  Did you make one last year?  If so did you achieve what you set out to accomplish?  Not me!  Didn’t make one.  In fact, I cannot even remember the last time I did make a new year’s resolution.

The concept of making a resolution on New Year’s Day never made much sense to me.  Whenever I decided to do something, I would just resolve right then and there to accomplish it.  Why wait until New Year’s Day to start? Just because it happens to be New Year’s Day, I could not arbitrarily decide that there is something I am willing to dedicate my energy to.

If you read my post on creating habits, you will see that I am apt to resolve myself to reaching my objectives all the time.

Why would you want to make a resolution for next year?

Something makes us want to make life better.  The only thing that will make you happy is to make progress.  I love tracking my progress and celebrating little victories along the way!

Resolution means that you have resolved to do something.  Making progress is the secret to being happy.  Making progress to that monumental something that you have resolved to accomplish in the next year could bring you happiness.

Last Minute Guide For New Years Resolution Breakthrough

Make a resolution right now!

Look back before looking forward.

As you begin drafting your resolution for next year, reflect on 2016. Review the entire calendar.  Ask yourself “What did I achieve?” Turn your experience into insight.  Look at the area of Businesses / Relationships / Finance / Family / Faith

Stay in a positive state throughout the process by expressing gratitude for the blessings of the past year.  Now ask yourself the question that Ray Edwards uses to prepare for the year ahead.  “What do I most want to be thankful for one year from now?” – Ray Edwards.  Let this become a focus for the New Year.“What do I most want to be thankful for one year from now?” - Ray Edwards Click To Tweet

This nugget is from a fantastic primer for preparing for the new year, ACHIEVE WHAT MATTERS MOST IN 2017 by Michael Hyatt

Three Components of a compelling Resolution:

  1. Have a Vision.  “Where there is no vision, the people perish.” – Proverbs 29:18 (KJV)
  2. Strong enough Reasons to Follow Through
  3. Got to Review it and Feel it Every Day

Where there is no vision, the people perish. - Proverbs 29:18 (KJV) Click To Tweet
Read More →

Your Commitment In Advancing A Strong Economy

What does it mean to make the economy strong or weak?  In what way are you participating in making your country’s economy stronger?

Economic Fundamentals

The Economy is talked about as if it has a life of its own.  From the news reports, you might think that the economy controls people’s behavior rather than the other way around.  The truth is that actions and beliefs of the members of society control the economy.  Individuals earning and spending determines whether the economy is growing or declining.

Let’s bring that concept home.  As an adult member of society, you participate in the country’s economic health by earning and spending money.  In order to earn money, you exchange some product or service for money.  Ideally, you will gain more money in exchange for the goods or services than it cost you to produce them.  If you are an employee, your role is to contribute to your company’s endeavor of adding value to the goods or services that they sell.  This is your most basic participation in the economic system.

Then, you take the profits or earnings you made from the first exchange and exchange that for goods or services that you consume.  And the person you purchased from turns around and repeats the process.  That continuous movement of money defines the economy.

If the people of a society only purchase items they consume and don’t add value and resell something, then the economy grinds downward.  You’ve got to add value and bring in positive cash flow.

Positive and Negative Cash Flow

The concept of positive and negative cash flow is a fundamental business concept.  Cash flow is a financial term that refers to money coming in relative to money going out.  Basically, it’s a way of stating whether the company is making or losing money over a specified period of time.  Positive cash flow happens when more money comes into your business or individual accounts than the amount of money that goes out.  A negative cash flow condition exists when your outgo exceeds your income.  You can apply the concept to your own wallet and bank account.  Are you earning more than you spend or spending more than you earn?A portion of all I earn is mine to keep! - George Clason Click To Tweet Read More →

Why Young Americans Should Not Abandon Capitalism

Popular media paints a bleak picture of capitalism and touts the benefits of socialist values.  Those views tickle the ears, but do not hold up to scrutiny and critical thinking.  Don’t fall into the trap of going with what sounds good rather than what truly is good and beneficial.

Many benefits available to you and the American way of life are only possible in a capitalistic economic system.  I want you to take away a viewpoint that capitalism is a positive, compassionate system.  Seek out, read and become informed about the fundamentals of Capitalism.  Realize how the application of the principles will benefit you and then decide to engage the system to your benefit.

Paladin Pillar Article

This post is a pillar article for the Paladin blog.  An article by Sarah Kendzior in Foreign Policy magazine details many reasons that young Americans are believed to be giving up on capitalism.  While that article was a gut punch, it exposes many of the maladies of the past eight years or so that have caused young Americans to begin doubting our system.  They have begun to feel like our system might not be the best, despite not having personal exposure to a longstanding socialist economic system.  As you read the Paladin About page, you will find that this blog is all about promoting Capitalism.

One of the blessings that I have enjoyed in my life is the opportunity to travel the world and gain first-hand knowledge of political-economic systems different from my own.  This exposure has reinforced the belief that America has The Best Economic System at its core.  It is my belief that if the principles of capitalism were studied and employed by every American, many of the maladies mentioned in Kendzior’s article would have self-corrected.  The short sighted actions taken by thousands of Americans led people into traps that impacted us as a whole.  The root of these problems goes much farther back than when their impact was first observed.  A mix of actions by the government, financial institutions and industries has fed the problems.

To the Young American Launching into the Workforce

So, how does this apply to a young American who is starting out in the workforce?  Understanding how the system that you are entering works will help you understand your role and the opportunities that you can benefit from.  Of course, you can go out there and experience it first if you want to.  Better to study and learn from others how it is intended to work.  You will suffer fewer knocks if you know what you are getting into.  Words to the wise, it is up to you what you do with them. Read More →