MONKEY TRAP FINANCES -- LA TRAMPA DEL MONO FINANCIERAMENTE
A good "Monkey Trap" is a coconut or a jar with a hole large enough for the monkey to squeeze his hand inside to grab a banana or other food, when the monkey grabs the food his fist does not fit through the hole. The other side of the Coconut has a rope tied to it, the hunter pulls on the rope until he catches the Monkey. The Irony is that the Monkey could free himself if he would let go off the banana, but he Psychologically does not leg go of the banana (thinking he needs it)...so he gets Trapped. SOMETIMES WE HUMANS FALL IN A "MONKEY TRAP" FINANCIALLY.
Una Buena "Trampa para Monos" es in coco con in agujero suficientement grande para que el mono pueda metar su mano adentro, adentro del coco hay una banana, cuando el mono agarra la banana ya no puede sacar la mano. En el otro lado del coco hay una cadena y el cazador empieza a halar el coco con todo y el mono. Lo divertido es que si el mono dejara libre la banana, el tambien quedaria libre, pero el mono no suelta la banana y queda atrapado.
Algunas veces los seres humanos caemos in una trampa de mono financieramente
Los humanos somos iguales - queremos y compramos cosas que tal vez no son necesarias or no tenemos en el presupuesto- si las dejamos ir somos libres pero si nos ponemos necios de que queremos tal cosa quedamos atrapados de deudas
HEALTH COMES FIRST, BUT GOOD HEALTH IS HARD TO GET WITHOUT WEALTH
GET OUT OF DEBT STRATEGIES
- IS EASIER TO STAY AWAY FROM TROUBLE THAN TO GET OUT OF TROUBLE - AVOID GOING TO PLACES WHERE YOU WILL SPEND A LOT OF MONEY
- SELF DISCIPLINE AND MENTAL TOUGHNESS ARE YOUR BEST FRIENDS TO GET OUT OF DEBT
- GOAL- YOUR INCOME AFTER TAXES MOST EXCEED YOUR COST OF LIVING BY 50%, SO YOU CAN SAVE 10% 10% FOR INVESTMENT, 10% FOR UNEXPECTEDS AND HAVE 20% FOR NON ESSENTIAL NEEDS. IF YOU CANNT INCREASE YOUR INCOME, LOWER YOUR COST OF LIVING AND PAY DEBT.
- STAY POSITIVE, TALK POSITITIVE, THINK BIG, ONE GREAT IDEA EXECUTED GREAt CAN INCREASE YOUR INCOME SUBSTANTIALLY
- BE ENTREPRENEURIAL, LEARN HOW TO SELL
- Sell everything that you don’t need in Facebook market, letgo, Craigslist, eBay or others for cash
- Buy something cheap at Goodwill and sell it on eBay, Facebook Market, Letgo, etc
- Take your old books to half price books for cash
- GET RID OF BAD HABITS LIKE SMOKING, DRINKING ALCOHOL WHICH GETS YOU INTO A DEEPER HOLE
SAVINGS - AHORROS
1. Open 1 savings account for your weekly cash flow savings
2. Save some weekly cash for the house hold unexpecteds
3. Open a 2nd Savings account for emergencies
4. Open a 3rd savings account for the End of the world or an Alien invasion. Meaning no one can touch this savings, ABSOLUTELY NO ONE - only in case of an Alien Invasion emergency
5. Open a 401k Savings account for retirement
6. Invest in low hanging fruit returns
7. Invest in long Term returns
2. Save some weekly cash for the house hold unexpecteds
3. Open a 2nd Savings account for emergencies
4. Open a 3rd savings account for the End of the world or an Alien invasion. Meaning no one can touch this savings, ABSOLUTELY NO ONE - only in case of an Alien Invasion emergency
5. Open a 401k Savings account for retirement
6. Invest in low hanging fruit returns
7. Invest in long Term returns