Monthly Archives: August 2013

Why we needed an Emergency Fund


In life there are always ups and downs, periods of rest and unrest, calm weather and stormy weather.
The past 2 years have been very stormy for us financially and had it not been for our emergency fund or savings we would have been sunk.

Last year and the first part of this year we struggled with a car that we eventually determined was a lemon and had to go.
It all started with transmission and computer trouble.
A few months later the torque convertor went out.
We thought maybe the worst was over until the engine started misfiring.
After spending thousands of dollars within a short time we finally decided that this thing had to go.

Determined not to go into debt for a car ever again, we began shopping for something that we could just swap for.
We found a great deal on another vehicle, but as the dealership inspected our car, somehow it sprang a radiator leak.
In disbelief, I went to see for myself and lo and behold there was a stream of green fluid running out from under the car.
Still determined to get rid of this car, I took it and had the radiator replaced and thankfully the dealership took it.

To top things off, this year an epic rain fall flooded our crawl space, costing another couple thousand dollars to repair.

Through it all though, we thankfully did not have to revert to the use of a credit card once. We didn’t even have a credit card to use because we had cut them up many years ago.
But the only way we are able to live without credit cards and still feel secure is to have an emergency fund. You never know what life might bring your way.

Right now, we are working on building our emergency fund back up and just praying that there will be some peace in the midst of the storm for a little while.

I hope that our story inspires you to either get your own emergency fund built up or strengthen the one you have.

Tomorrow is determined by what you do today. – John Wooten

Check out the New Dave Ramsey Show


The Dave Ramsey Show is now available to watch instead of just listening to on the radio.

I just recently downloaded the new app for my phone and tablet and it is great.
You can watch the show live straight from the app, but to be honest I haven’t tried that yet because it doesn’t fit into my schedule.
The reason that I am excited about it is all the highlight show videos that they have archived for you to check out.
These video clips range from 3 to 6 minutes a piece and there are no commercials!

Here is an inspiring video of a young couple that is now debt free.

Get some inspiration yourself and Go to Dave or get the App and check it out.

There is also a sweet video of Dave and his son “living like no one else” after they have already “lived like no one else”.

3 Reasons to Pursue Financial Freedom


In my last post I talked about the key to Financial Freedom.
Here is the link.

Here are 3 reasons to pursue financial freedom.

1. No more chains
2. Cut out the middle guy.
3. Make a difference

1. No More Chains
This is the obvious one.
I don’t know about you, but I don’t like the idea of being slave to anyone.
God intended for us to be free and able to make our own decisions.
We are bound by the people that we owe money to and will not obtain true financial freedom until we pay off our debt and owe no one.
(I wish our government would grasp this concept!)

2. Cut out the middle guy
The things that you owe money on are not really yours.
The bank owns your stuff until you make that last payment to them.
Your car and home could be taken away if you stop making payments on them.
But, going a step further, everything in this world is owned by God.
Looking at it that way, wouldn’t it be better that you have true ownership of the things which he has given you or the bank?
Cut out the middle guy by paying off your debt and take sole ownership of the things that God has intended for you.

3. Make a difference
Financially freedom allows you to think of others more than yourself.
If most of your paycheck is going to pay off things that you borrowed money on, then there is little to nothing left to give and help others.
You cannot give if you don’t have anything to give.

Pursue financial freedom so that you can be free, cut out the middle guy and give like no one else.

The Key to Financial Freedom


The key to financial freedom can be found in the definition of freedom.

According to the Webster’s dictionary…
Freedom: Liberation from slavery or restraint or from the power of another.

Proverbs 22:7 tells us that the borrower is slave to the lender.

If you owe money to someone you are slave to that person, bank or entity.
They have power over you and can control you to a degree.

The only true way to financial freedom is to owe no one or to be debt free.

Most Americans are slaves to multiple people or entities. We owe money to credit card companies, mortgage lenders, car lenders, retail outlets, colleges and more.

Picture yourself bound by multiple chains, each one representing the person or entity that you owe money to. There is one attached to each of your hands and feet, your neck, waist and so on.
It’s not a pretty picture, but the good thing is that picture can be changed.

Now visualize each one of those chains being broken, one at a time, as you pay off your debt to each. With each chain that is broken you gain more and more freedom until eventually that last payment is made and you are no longer a slave to anyone. You have been set free financially.

The key to true financial freedom is to become debt free and owe no one.

Dave Ramsey offers some great advice on how to gain financial freedom.
Check out his website at

I have been following his advice for many years now and only have one chain left to break for my own financial freedom, that being my mortgage.

In my next post I’ll talk about why it is so important to become Financially Free.

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