Category Archives: Financially Secure

That’s One I Don’t Even Use!

While at the store recently looking at food dehydrators, a gentleman commented to me that the I was looking at was one that he had but doesn’t even use. Consider how frequently we will purchase things on a whim, for whatever reason, and then not use them beyond an initial first time or at all, as this fellow at the store kindly wanted to share with me.

For whatever reason we’ll be off with the intention to purchase specific items and once in the store other items catch our eye, either because they’re on sale, we’re been thinking about getting them for a while anyway, a salesperson convinced us it was quite the deal, or some other good reason.

Then once we get it home off it goes to the shelf until we plan on using it and there it sits…collecting dust never getting used because we never really needed it in the first place.

Can we all admit that we’ve done something like this? I can on several occasions.

This is part of what keeping track of our spending is about. Tracking will allow us to identify unnecessary items that we purchase along with when we may have a greater tendency to purchase them!

These are just a few things to keep in mind as we head out to spend our money while also trying to keep that spending under control:

  • Be aware of how you personally are feeling before you head out to shop; i.e. statistics show that if you’re hungry when you go grocery shopping you will purchase more.
  • Knowing what item you may be looking for, search beyond what is right in front of you. Stores will often place higher ticket items on shelves at eye level to catch one’s attention quicker before they search elsewhere for better priced, but just as good items.
  • Some of us have a greater tendency to give in more easily when shopping. Be willing to shop together with a partner who is more likely to stick to an original plan of only what’s required, or if necessary, let the partner take care of the shopping altogether.
  • Quite often having younger children with us can be distracting, especially when there may be more than one. Removing the distractions when shopping is important allowing us to remain focused.
  • Know ahead of time by preparing a list, before you leave your home, what it is you intend to purchase and stick to that list!
  • Taking time to plan ahead and do necessary research online is a big help. This will allow one to identify better brands, what’s on sale, and possibly any sales coming up that would require us to consider putting things off a few days.
  • Occasionally we will purchase items where the price may not be set, and the seller will consider something we offer; such as when purchasing a vehicle. Under these circumstances determine beforehand an absolute maximum price, and never ever go over it no matter how bad you might want the item!

Believe in yourself,

Warren La Duke

Time To Cut The Fat!

Collecting receipts is simple enough as we’re out and about, even just sorting through them to see where the money is going. There are plenty of reasons to be collecting the receipts anyway that can be discussed another time, but for now once it’s been determined where the money is going and where to begin cutting the fat out of our spending, this is a great first step!

Taking this first step can be very difficult for some. Admitting what is waste spending and accepting the decision to stop the spending can cause some people from moving forward on their journey to becoming wealthy. Giving up convenience for a short term might be just too difficult to accept.

That’s an important fact to remember here. The changes we’ll be making to put our finances in order only need to be for a relatively short term. Once we’re securely on track to financial freedom if there is still a desire to pick up some of our old habits then they can be revisited and determined if they’re wanted.

At this time what we’re doing is identifying those things in our lives that we purchase on a regular basis that aren’t needed. We’re cutting out the fat in our regular monthly expenses. It’s time to bite the bullet and accept what’s wanted but not needed.

This will allow us to finally see how much extra money we have at the end of a month. No, this won’t be used for purchasing extra stuff that we just cut out. The purpose of this extra money will be to apply to credit cards and loans that we can get rid as quickly as possible.

In the end this gives us money that we’ll have available for emergency situations, preparing for our next big purchase item, investing appropriately, when we retire.

Cutting the fat from our expenses helps us to become a lean, and knowledgeable spending machine! Know where your money is going.

Believe in yourself,

Warren La Duke

How Do You Spend Your Money?

Yesterday we mentioned the importance of knowing where your money is going. Consider if where you work, they had no idea where their money was going to or coming from how long they’d be in business? For any company to stay in operations and be profitable, they must track their money flow. Fortunately, if a company is intending to stay in business for any time, they’ll have an accountant take care of this.

I’m not suggesting that everyone go and hire accountants to do their money management for them, although if you were an accountant I’m certain that you’d like that idea. However, having a way to keep track of our money flow daily is just as important as any profitable company!

If you’re not used to this, then this is something that must change and become new in ones life.

To start, let’s look at our money situation. Consider these questions:

  • Do you know how much of your money is available on a daily and a weekly basis?
  • Are you familiar with how much is left in your checking account after all the bills are paid at the end of the month?
  • Are the amounts on your bills consistent or will they vary from month to month?
  • If the bills vary, do you know when that will occur and by how much they will change?
  • Is the amount you receive as income a consistent amount or does it vary?
  • If your income is variable do you know how often it can vary and by how much?
  • Are checks being written that you may or may not be aware of until after they are cashed?
  • Do you and anyone else in your family have access to your account through a debit card?
  • If so, do you communicate to the other(s) when making separate purchases?
  • Do you use cash to make purchases or are they strictly through credit card or debit card?
  • When making a purchase do you accept/request the receipt, or do you ignore it?

We’re not all accountants when it comes to our own personal financial accounts but being aware of those finances and where they’re going is necessary if we’re ever to be in control of them.

Right now, some might be considering taking a huge next step to find ways to be tracking their money. There are some excellent ways to do this, but I’m not going to get into any of that now. I’m suggesting that if anyone is willing to make some changes then let’s start small and first see what we’re spending the money on.

Let’s start with picking up a receipt anytime we buy something. After a week look at all the receipts and see what’s been purchased. At that time, this may also help to open our eyes toward some of the necessary items that were purchased and consider reevaluating just how important some of those items were!

This will give us some idea of our weekly spending habits, and ideas of where we might need to begin making those changes.

We can’t fix a problem if we don’t know what it is. Starting small with just obtaining the receipts for our purchases helps us to narrow down our focus and to identify where changes should begin!

Believe in yourself,

Warren La Duke

Becoming Wealthy Is A Decision We Make

The idea of being wealthy is something just about everyone has for themselves in one manner or another. I mean really, who wouldn’t enjoy having enough money to not have to worry about bills, or purchasing anything when it’s needed, and when we’re done working to be certain we have enough to finish out our years without having to wonder if it’ll be there.

Fortunately for all of us, becoming wealthy is possible for anyone who is willing to make the decision, and put in the effort that is necessary. When I say this, I’m not talking about having funds to invest in stocks or other things either. I’m talking about having an income, paying attention to where our money is going, and learning the good sense of how to spend, and not spend, appropriately.

Let’s talk about this and see what’s possible. You’ll also more than likely come up with thoughts and ideas where you’ll disagree. That’s fine. Let me know. Not everyone has the same life, but there are many thoughts, habits, and ideas that we all have that are similar, if not the same, and are true money wasters!

Every day we all have some sort of regular habits that we tend to go through. Things that we enjoy, like, prefer, and often don’t even think about since they’ve become habits. For example, I always enjoy a hot coffee in the morning to get going. If I were to purchase this along my way to work, I could get it at a local establishment for $1. That would work out to $5 a week, $20 a month, and $260 in a year. Making this myself at home before I left, I can make it for approximately $0.10. That works out to $0.50 a week, $2 a month, and $26 per year.

That’s a difference of $18 a month, and $234 per year that this money can be used elsewhere if need be, or not at all depending on my financial circumstances. Now some might be thinking, “What’s the big deal of $18?” Apply that to other habits you might have and the money you’re spending and could be using elsewhere or saving.

This describes one of the first steps in becoming wealthy where things may seem minor and insignificant, but to those who are serious it’s an important decision-maker! Are you willing to make the changes necessary that will require giving up things that may seem foolish or stupid, but over even a short time will make a huge difference financially?

You see, many aren’t willing to make the simple changes it will take, and that’s also why there are so few in the world who truly desire to become wealthy!

Think about what some of your daily habits are, and what the costs related to those habits are. No matter what it is we do there is a cost related to it somehow.

Right now, consider what it is that you do and has no true use in your life and can be given up. This can includes extra foods and drinks that we acquire for the simplicity of it, some of the fancy things in our lives that we either don’t need at all or could have gotten by with some simpler and less expensive, or that special gadget we just had to have that was on sale and we’ve used only once or not at all!

If you’re truly making the decision to become wealthy then know where you’re spending your money, and be willing to make the necessary changes in those spending habits!

Believe in yourself,

Warren La Duke

Who Says We Need to Have Credit?

In the world we live in today it has become generally accepted that there are certain things we all must have, even as we reach our young adult life. Some of these may vary from place to place, but for the most part everyone accepts that we all must have the following to survive:

  • A source of income
  • A place to live
  • A way to contact others and stay in touch with the world
  • A way to get from one place to another
  • And food and water

Now, anyone who reads this list might disagree with some of the items that I’ve identified as being a list of bare essentials necessary to survival today, but that’s something one might discuss another time. What I’ve identified is merely a list of what we would find common today in just about every environment for what would be required to begin living their own life.

When you look at this list what is the one thing that everything else hinges upon? Income!

Once we have a source of income, the world is our oyster, so to speak. The unfortunate thing here is that most of us are lead to believe that as long as we have a source of income we can always borrow more for whatever we want and pay back what is owed.

However, when we decide to borrow money before we have earned it then we are no different than having placed ourselves into indentured servitude to that organization. We must now go to work every day to pay back first what we now owe them until our debt is paid off, and our money is no longer ours.

In today’s financial organizations they have created the financial credit system we all are aware of. This is something that was concocted by the banks to identify which clients are better prospects when potentially loaning money to. This system was not initially created with the intention for clients to build up a credit score based upon what they’ve borrowed. It was built around a base of income, expenses, an initial deposit, and how long was the money being borrowed needed.

Ever wonder why we get those letters from the credit card companies that include four or five checks to write against our credit card? Oh yeah, and magically that credit limit has now increased as well! Or, what about the influx of all the new credit cards we’re suddenly pre-approved for showing up in the mailbox! Here’s another one I love, when the personal loans from $5,000 to $50,000 are pre-approved as well.

How do these organizations know that we might have an interest or that we could even qualify for this? Next, why would we want to consider applying for such stuff even? Finally, is this even really needed?

My son, to purchase a recent used car needed me to co-sign on the loan because the bank said he didn’t have sufficient credit for them to give him a loan. Actually, based upon his income and expenses he just didn’t have sufficient funds saved to provide a reasonable down payment to avoid me having to co-sign.

When you consider all of what’s part of the formula for determining one’s credit it will basically still come down to how solid is your monthly income, how much are you paying out in monthly expenses, what’s left over to pay this additional expense, and what defaults have there been in your past on other loans?

Okay, so the banks are all out to get us, how do we beat this system?

To begin with we start with recognizing where are we at. Forget about building up a credit score because that’s only something the financial system wants us to use so that we’ll borrow more money.

Let’s figure out how we can become free from what they’ve created. First of all, do we owe them anything? How much?

Let’s set up a way to pay off any debts as quickly as possible while also saving up some extra funds for ourselves so that we can avoid going back to them for anything. While we’re doing this payoff we’ll also live within our means without purchasing anything new. This shouldn’t last long based upon what we owe, and once we’re debt free we can plan to replace what is needed and pay in cash.

What works especially well while one is taking control of their finances is to also have an additional source of income. There are so many ways to make extra money now a days that it’s truly unbelievable. What we must do is investigate the many opportunities and identify what would provide us the greatest opportunity, what best suits our ability, and what also provides us the greatest benefits.

As an individual you might be willing to just get a second part time job working for some other boss. I’m of the opinion that the best opportunity for everyone is to have their own independent business where they can create a residual, or a pipeline, income!

This is something that we can keep and might even decide to do on a permanent basis once all finances are taken care of.

The options that are available in this world are at our fingertips and are for us to find!

Believe in yourself!


Warren La Duke

Establish A Solid Foundation Financially

No matter what you do in life, where you what to go in life, or how fast you want to get there the single most important step one must take before they do anything is to establish a solid foundation financially where they owe no one! Better known as being financially secure. The sooner that one can establish this foundation the better for them.

Just for clarification, when a person is financially secure they have no outstanding debt or loans and even has enough money saved up so that if they were to lose their income source they would be able to survive for at least six months to a year.

When I first graduated high school a good forty years ago, we were already being fed the false statements that college was the way to go. Well, not only was I interested in going to play football, but because of these false statements I also believed that I needed a degree to get ahead in life too. Unfortunately, I came to realize that I had no clue I wanted to do in life, and I also had no idea what sort of jobs my degree would offer upon graduation!

I can’t say if college today is any better about sharing what opportunities are available with the degrees they offer, but I do know that not much is different with the young adults being herded into college today regarding why they are going!

When one looks at the world today it’s common belief that the sooner we are placed into debt the better. Teenagers are being offered credit card applications even before they graduate high school and have jobs! Then get going to college, and let’s start racking up student loans!

Statistics show that the average college student graduates with more than $30,000 in debt, and has more than $6,000 in credit card debt by their late 20’s. Meanwhile, average median earning for 25-34 equals $36,000-$40,000. Just imagine starting your new career with a personal debt-to-income level right about 100%!

In today’s society it’s pretty well taken for granted that to get anywhere one must put themselves into debt. That’s not true, all that we have done is indebted ourselves to that establishment while they hold that debt over us! We’re now enslaved to them until the debt is paid off, there’s no getting around that.

The best time to establish one’s financial security is while in high school before they start to accumulate debt. This is possible and there are many ways of doing this for those who are ambitious enough and have the desire to control their future.

The next best time to establish our financial security is right now!

So, how can one establish their financial security and what’s it going to take?

We must first remember that this is our life and not someone else’s. So, when it comes to dealing with the finances we have earned and made we must be in control at all time!

Knowing what we need and what we want is huge, and important when identifying wastefulness.

Setting goals for paying off loans, mortgages, and credit cards and sticking to those goals is necessary for staying on top of one’s finances.

Putting a set amount away every paycheck into an untouchable saving account, and another for unexpected expenses is important.

Realizing that to get on top of everything quicker an additional income source may need to be considered.

When necessary get proper financial counseling, but always remember that what they are giving you is only their advice. It’s always best to realize who’s making the final decision and for whom.

Depending on one’s present situation, reaching a point of financially security most likely won’t be obtained too quickly. Most likely it will be seen anywhere over a period of either months to possibly even a few years. The other option is 10 to 30 years, you choose!

Now just think, instead of sending out what could have been thousands of dollars a month to organizations that you were indebted to, you’re pocketing it! Instead of taking a loan out for that new car you can pay cash! Or if you want to take a nice vacation somewhere you have the cash to take it! You can put more away for retirement. You can prepare for the addition to the house instead of getting a second mortgage; all kinds of things are possible while still saving away.

A program I’m very proud of, The Financial Fitness Program, has helped thousands of people to get control of their personal finances and put them on the road to financial security while helping hundreds to already reach that pinnacle. This program gets into a lot more of what one should do to become financially secure besides what I’ve just mentioned. In addition, for those who are willing this program will offer further steps that are necessary to obtaining financial freedom.

At this point you might be thinking why I should go through the effort to become financially secure when I can just get whatever I want when I go to the bank. That is probably the main reason for becoming financially secure, so no one would own you anymore! As long as one has debt that some financial establishment holds over them they truly are not free.

The sooner we remove that debt and owe no one the better!

Now once we’ve reached that point of financial security we can continue forward toward financial freedom where we have enough money coming in and saved up so that it doesn’t matter what we want or do, financially we have ourselves covered!

Believe in yourself!


Warren La Duke