What is Minimalism?

Man,

Lets talk a little about minimalism shall we?

We all like stuff. We love our iPhones… we like our nice cars… and the houses o man it is al beautiful.

The problem is, that we get to attached to them.

There are people called hoarders. They take all that stuff and put it at a place they don’t even know where. And it all stockpiles up like nuclear weapons were stockpiled during the cold war.

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I tell you what, I rather be hoarding cash then have 10 stocks off iPad or 100 cans of dried food incase my house get bombed.

At least I can do something with my cash. You can invest that shit.

Anyway, the problem with carrying too much stuff is, it’s always there… You are thinking about it, it costs money and stressing about where to put it. Ah damn, I need another garage for this pile of shit I just bought, you say to yourself. Once you have another garage, you need to pay for that aswell. Another $100 bucks away every month just to hoard your stuff.

Well quit it, what the hell do you need with 2938 cds or 33 pants anyway? Sell it, give it or trash it. And then enjoy your freedom from all this ‘stuff’.

There is a group or cult people talk about and it is called old fashioned Minimalism.

I really love minimalism, all though some people take it way far. Living just with a mattress in a tent is not the idea I have regarding minimalism.

Hell, if you want to do that. Be my guest I don’t give a fuck.

But personally I also love the finer things in life. The idea is minimize to maximize. I understand that you want a nice house or be driving a BMW, and that is cool.

But learn to save on stuff or things you don’t like. If you can save yourself $50 every month because you change from a 5mb/sec to a 1mb/sec internet, then do it.

Just keep your old cell Phone that is just working fine for $40 and save yourself $1.000 for not changing to a ‘new’ Phone. Crazy how expensive these things are nowadays. By saving that kind of money, you can save yourself half a month time at work. So would you rather work or don’t spend that money for junk and save yourself time?

How much is your time worth to you?

You need to over think every purchase of trading that money for work. Work is not bad, there are parts of it everyone enjoys. But you ain’t wanna be trading that time meaningless to pay for your shit every month.

Lets say you make $20/Hour , you work 8 hours so you’ll be getting $160 a day. Then the Tax man is gonna get hes share, that is around $40 bucks in my country. So that means your netting an average of $15/Hour.

After a long week of working hard and hustling with your boss man, you get $600 on your account. Gotta pay them bills and car payments right! But your o so tired from working and don’t wanna be cooking all day, so you go to a restaurant with your partner.  After paying $100 for eating out, you think to yourself now we are here in town, we can walk a little bit and check out the stores.

So you and your girl go the electronic store and she says what a nice Iphone. I would buy it if I was you! And you are over thinking because its $1.033 this time. But what the hell man, she said it wasnt a bad idea. So you get a conformation to buy it and your heart is saying buy it. Gotta enjoy life you say!

Later that night you realized that you only had $300 after paying the bills. And you still went out to pay $1.133, netting you -$833 that week.

For only that week you have to work 3 more weeks to finally pay it off. You also believe that is dumb? Sure it is, if you want to go eating out with your girlfriend and enjoy that. Getting value out of a meal together once a week. Then sure!

It’s all about trade offs and what you really love to pay for. Personally I would take the dining out experience over a new IPhone everyday. Especially with prices like nowadays. Once you have a lot of money and you want to buy that IPhone without hurting your finances, you can buy it way easier and without stress.

Once your out of the zoo that is materialism, you can really set yourself up to be a unique ‘you’. Your friends are stilling buying all that shit what the marketing monster sells, but you are as free as a bird. When you cut your attachment to stuff, you have created freedom.

The money that you save from all these things the world has the offer, you can use it for what really fuels your fire on this planet. What do you really like? Don’t forget that what you really like can change in time, with the seasons. Summer & Winter. Night & Day. Hot & Cold. Up & Down.

  • If you are in your 20’s saving and buying experiences like traveling can be high on the list. (Personally we are in this stage).
  • Once you reach the end of the 20’s and going in your 30’s maybe you want to buy a house and settle down for a family.
  • After that you will be busy getting your legacy up and going, this going forward until your retirement age.
  • When you enter the age where your legs are too sloppy to move, then traveling we’ll get harder. Sure you have all the time in the world in retirement, but most likely your health won’t agree with your choices of Climbing mountains.

 

No disregard to elderly people, some of them have body’s and health a lot of young people can be jalouse of.

It’s all about freedom of choice. That is what money is for, fueling what you really want in life.

At this current moment my girlfriend and I really want to travel more, learn more from different kind of country’s, cultures and seeing nature at its finest. The second goal is building an income/business outside of our day jobs so we can have more freedom to do so. Saving a lot of money on our expenses and not buying crap every time we are in town.

On the other side we are also saving to buy a small house so we can save on rent, rent is very high here and we are off the believe that we are just throwing that money away every month. Renting is good, if you want to stay on a very short time frame. But we are staying here for a little while.

This is the reason we like Minimalism, we want to use our Money for things we really value.

We don’t value ‘stuff’ like a new Phone, new car or a new house. That doesn’t mean we don’t like it. A new car is very nice to drive and the features they provide are great! But I just can imagine paying so much money for something and a year later the value of that drops like a rock. It makes me ‘Uncomfortable’, that is what important. If you feel Uncomfortable once you want to buy something or you already bought it and you keep thinking about it, stressing you out. Then that’s your gut saying you made a wrong decision. You need to love the decision and have thought it over if it would bring you long-term happiness.

Do you save a lot of money on a House and you think one yearly vacation is enough? Hell, then that dream car you just bought is fine man. Enjoy it !

Like Apple and you ain’t paying that much in rent every month so you can stack money? Sure buy the new Phone every year.

Love a nice house where your family can comfortable live life and got a beater old car just for getting to work? Sure enjoy the nice house where you can rest and enjoy your family after work.

It’s all about choice in your life, that’s where the money is for.

Remember that.

Until next time.

Uuldriks Financial.

 

 

 

 

 

 

 

Are you in debt?

Are you in debt ?

A lot of people today are in debt, around 80% of people are in debt to somebody.

A big percentage of that debt is of course mortgage debt.

Mortgage debt is one of the debts I can understand, if you take a small mortgage and don’t spend more than 20% of your gross pay on housing than you got yourself some reasonable housing. Other than most people who are drowning in housing debt.

Our own housing payment is currently under the 20% I recommend, more like 11%, you can believe me when I say I have no stress regarding housing.

I once had a rental that cost around 30% of my monthly NET income, and even then I was stressedI just don’t like giving other people my fucking money.

Our article on housing debt Do you live for your house?

The rest of debt is student loans, credit cards, car payments and medical debt which I believe is one of the worst. People get sick and get debt to pay those bills, but every month you have to repay those bills you get a reminder of that terrible time again, again and again. Then you go to work to pay those medical bills, while there is a great chance the work itself created the sickness or accident.

Thats a nasty situation you got yourself in.

Debt is never good and you should get out as quickly, debt will hold any man stuck in his situation. I know the feeling myself.

Been there, Done that.

I thought it was so easy to get a ‘new’ car and got myself a beautiful thing called a Car payment. And what a mistake that was. Check out the idiocy that are Car payments

The feeling of having debt is the feeling of walking around with an iron ball stuck on your foot, you know what kind of one…. they also use it at work camps to keep you from escaping. Well that says enough.

The debt that nice banker got for you looks like a nice present to give. So you can easily afford everything, looks like they know how to sell it at a great rate, ‘you don’t have to pay 5.000 now, just 66,45 every month for 88 years’ .

Once you write down at the dotted line, you sold your soul to the devil, the ‘Slave master’ and now you are his Slave. And work 50 years for that shit called debt.

Well fuck that, doesn’t really sound like a great deal after all right?

Being a slave is the biggest misery some one can have, because it is sneaking into your life. The problem with debt today the day is that it is accepted in our culture. You keep paying it every month and you are thinking to yourself where the hell is all my money going.

You are making some banker rich. Because you keep paying those suckers, well I must say, if you keep yourself in debt… then you are the sucker. The banker is laughing all the way to his bank account, counting the 19% return he gets every month from your credit card. The average credit card debt is now $9.333 , that’s gonna be $147,77 every month of interest. That money is just gone man, gone forever out of your pocket.

And you keep slaving away your time away at some shit job. Just because you can pay them every, single, month.

You need to get rid of that shit man, you need yourself some freedom to do whatever you like. You gotta be going your own way. And your debt is getting in the way to make that even possible. Every time you want to make a decision for yourself or your family, you will always be thinking about that debt. And that’s why its holding you back like a prisoner in a jail cell.

Want to go on a cruise? No, daddy gotta work because them bills ain’t paying themselves.

Want to chill out and spend more hours with your family? Nope, you gotta make them hours count with your nice people at work because the boss need them hours too you know.

Just want to sit on a bench and sleep al day? No can do, because you are a damn debt fool.

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Anyway, the debt game is what the current system is all about. Civilization, The machine, The matrix, The empire or whatever the fuck you call it. They are making the system like this so you get stuck into it.

Once you start going to school they get you with credit card and student loans, because you need to be as hip as the other kids. You want that new flashy Phone, go out of state, live in your own place without ever going to work after school. But you know what? Those bills are stacking upon each other and once you get to work you start with a negative net worth.

Costing 1 – 3 years of your life, depending on how much debt you have. Don’t even get me started if you have more then $100.000 debt and your annual income is under $50.000. Then take out half a decade just to pay school back. Holy shit you really want that?

Once you get out of school, you still need to impress other people right? So you want a nice car and house, bringing your monthly expenses up to or over your income. Then you’re in a situation that stops you from paying back debt, working untill you are death.

If you keep going further in that situation you will become Bankrupt, you don’t want that, that will be going after you your entire life and sets you back at least 10 years of you life if it ain’t more.

Now that you know in what kind of situation you are, how are you gonna get out of that hole?

Fill it up with cold hard cash.

 

How to get out of debt

 

  • First: check what kind of debt you have and to whom you own it, then write it all on a paper. No, not on the computer you are watching this with, write it with Pen and Paper. There is something about pen and paper that gets you more going, like you are feeling that pain going off on that paper. So DO IT.
  • Second: write Lowest amount up and go down as the amount of money grows. Don’t mind the interest rate, just the amount of $.
  • Third: start looking where you can save some money, Gas & Electric, Groceries, Biking more, Sell your stupid house and move closer to work, in a cheaper house. Sell your expensive car and get a cheap, good gas mileage car (Beater Toyota or Nissan).  Everytime you save money use it to pay off that debt.
  • Fourth: once you saved as much as possible, start working more on your job if that is possible. Aint it possible or are you working 60 hours a week? Then try to start a side business, create an idea where you can make some money without a huge investment cause you ain’t got no dough to go.
  • Fifth: you are making more money then your expenses and using that cashflow to repay debt. Your now getting out of the ‘hole’ great, congrats on your first steps to a bright future.
  • Six: Once you pay 1 debt off, you use that money that you pay on the next debt. This is the snowballing way of paying off debt. Also known as the Ramsey way, he is a real hero regarding getting out of debt. Check out his site Dave Ramsey

 

After doing these 6 things you are on your way to getting out of debt. You’re a real hero that you are going to change your family’s future. Stay believing in yourself and you will get there, whatever you think with action added, you will attract.

Getting out of debt is mostly psychological, its biting you and you we’ll be thinking that all the money you use to pay of the debt is going nowhere, it’s just gone. And that is what is making it hard. But remember that the money you use to pay off debt, is saving you money. Saving you from paying ‘bills’ every month and not to forget all that interest you are saving.

Once you are out of debt, you can use your income to create a big legacy for yourself. You have the freedom to do whatever you want.

Start a business ?

Go on holiday a few times a year?

Save for your dream house?

Save for your dream car?

You can all do that ,

Once you are out of Debt.

 

Until next time,

Uuldriks Financial.

 

Why we work

You don’t want to work ?

Why not?

The reason most people go to work is that they need to provide and pay for stuff every month. Which is a shit reason to work, I tell you that.

I can completely understand that you need to work to provide for yourself and your family. Those are things you need to keep up and if you like your job then you will enjoy that.

But wouldn’t it be better if you can build something for yourself and not stuck to a 9 – 5. At least build something next to your job so you can have ‘more’ control over your life.

When you control more in life, you have more choices and you can provide a way better life for your family. Once you got have that, you can do what you want.

A lot of people get payed good money but they waste it on dumb shit. So the first choice you have to make is to get out of that sticky situation. You maybe got $2.500 a month coming in your bank account and wasting $3.000 a month… Wtf are you doing?

First get insight how much is coming in and where the hell you are spending that $3.000. Spending most of it on your Housing or your Car? Check this out:

When you got that figured out, find a way to sell those things and find a cheaper alternative. You have to live like nobody else does, once you get out of that negative situation, you can live life like nobody can.

And don’t even get me talking about credit card debt.

Get out of that situation now… you are making somebody else very rich, giving them 17% every time you pay your bill. Its insane.

Mostly its bullshit crap you could have payed cash for if you just delayed getting that new iphone, iPad or tv for a few months. That ‘new‘ thingy is by the way not ‘new‘ in like 2 months. After those 2 months Apple is already busy thinking about the new marketing strategy, so you can swipe your bondage card once again. Swiping yourself to work another 50 hours this week for that fucking phone….

Get rid of it.

Then save all of that money you don’t spend anymore. Once you have some money you can buy yourself the freedom of choice. To choose a better job or no job and focus that 50 hour a week on your own business. If you have $30.000 in the bank and little to no expenses you can go your own way.

You can also choose not to work for sometime and experience free time for traveling or experiences.

But.

A big but,

there is a double-edged sword with ‘not’ working.

If you think drinking pin a colada all day on the beach is something to live for, your living a very shallow life. You don’t want to die away that way, you need a purpose in your life and the best way is creating something. Once you build something ‘Great’, you can use that to inspire others and give back, like Arnold Schwarzenegger always said.

And this is true, I’m not some old grey guy that is giving you this advice. But once I helped somebody with something, I always feel great. Especially if you can find somebody that takes it at the correct way.

When you see this person thanking you for whatever you meant for them, you get the greatest feeling ever.

And this is the ‘purpose’ of good work.

No matter in what way you achieve this, through a ‘job’ or at your own ‘business’ .

Personally I believe your own business is way better, because there is no BOSS holding you off on your decisions.

in ‘Your’ business, you are the one making the shots. Not some jerk that can hold you back just because you wasn’t on that team building day, kissing his ass.

You know that feeling right? Your girlfriend, boyfriend, son or daughter comes to you, because they want some quality time with you. Your really love to go and cuddle or whatever you are into. Spending just time right? We’ll aint gonna happen because you need to be going or else your gonna late for work. Come on, that’s no life!

Enjoy your work, if you don’t, find an other way. Don’t give up, because you have your entire life the time to find out. Ain’t nobody too young or too old to start something.

The thing that you need to start is in your ‘gut’. You don’t know what you need to do? Well you already know every time you ask that question. What is the biggest thing you like and love doing? The thing that everybody comes to you for. You are the expert at that ‘thing’.

Selling furniture, fixing cars or cutting grass. Whatever you can think off, you can monetize on that.

So, get out of debt, be a minimalist, find a way to become good at something and give back!

That’s the correct reason to go to ‘WORK’.

Stay busy and creating,

Until later,

Uuldriks Financial.

You don’t need a car payment

The average car payment in America is now $500 a month.

Man, what can you do with so much money every month instead of giving it to the bank.

Start a business? Invest in stocks? Invest in fucking Bitcoin? Sure, you can do whatever the fuck you want and buy yourself some freedom.

You keep whining about how sucky your job is, but you still insist on driving your $650 dollar Mercedes, $500 dollar ford or $300 dollar Volkswagen to the office.

Why?

Because you think your coworkers or your boss is amazed that you drive that big Merc? Yeah, sure for like 10 minutes, then they forget about your beautiful car and they are back to their own life and worrying about their own car that is coming due every month for $500+ dollars.

I understand that you want a nice or new car and this blog is about nice cars, but don’t go into debt for a can on 4 wheels man. I really know why you do it, I did it myself a year ago. I drove a BMW 316i from 2001 and I thought to myself, you know what? I got a good job and its time to upgrade this piece of old shit, so I went to the Lexus dealer and got myself a IS250 from 2012 .

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It was a very enjoying car and it was very cool that everybody (coworkers) told me that the car was very nice. But after a week I kept thinking about this shitty car payment every month. It was around $300 a month, I could easily afford the car but the guilt feeling that I owned this money to the bank and needed to pay it EVERY month. I just couldn’t get over it, so 2 months later I returned the car to the Lexus dealer and got my money back. ( got very Lucky with that one) after that I bought myself a cheaper diesel car for traveling and work. No depreciating item, but stacking money time.

If you do this and save some money every month because you are not sending it to your slave master. You can stack that cash and buy yourself a nice used car for like $10.000, for that kind of money you can get a nice used luxury car and enjoy the same benefits as the new $30.000 car.

If you buy a new car and you drive it off the lot, the worth of the car is going down like the stock market in 2008. After that tragedy you find yourself losing 25% net worth in a few minutes.

$30.000 > $22.500, Damn that’s quite the investment you got going there.

Use that $30.000 to make some more money and buy yourself that supercar later on, delayed gratification it’s called, sucker.

Once you got patience, you can get rich. Trust me, after you get rich, you can buy whatever the fuck you want. If you are rich, you also don’t need to be going to that Job to work for your car. What are you going to do with your new car. once your boss says its time to go because the company got problems?

Then your stress levels will definitely hit records high like the NASDAQ at the .com bubble. Your big ass car payment of $500 and your $1.030 housing payment is going to crush your average savings that won’t even hold your head above water for a month.

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And then what? Your going to need to sell your car and your house with a huge loss because you ain’t got no options anymore. So free yourself from this bondage that is called car finance and even shittier, private lease.

The only way I can see you leasing a car is that you build yourself an empire called your own ‘Business’ wich makes you big money so you can afford to put the car as a business expense. You should at least have enough money. I would suggest if you can’t pay the car 3 times you ain’t got enough cash for such a money drain.

You want to lease on your business? Have 3 times the worth of the car in cash in the bank. Then you can do it and you won’t have problems with cashflow once your business has downwards moment.

In my opinion you should never finance and never lease, just buy the damn car and be done with it.

If you don’t subscribe to BMW finance and you stack that $500 every month in your bank account for 12 months, you can buy yourself a nice $6.000 car. Keep saving and upgrading untill you have your dream car!

After that you can use that $500 monthly payment for yourself and build yourself a great life.

So whatever you do, don’t finance a depreciating item. If you finance something, use it to make more money, called Leverage. After that buy your BMW or whatever you like.

Anyway, stack that money.

Until later,

Uuldriks Financial.

How to achieve Freedom

Freedom,

what does that mean for you?

Does that mean having a large housing payment to live in your enormous house on the mountain, overviewing Beverly Hills?

Does that mean having a big car payment so you can enjoy your new and depreciating car that you drive everyday to work, to impress your co workers?

Does that mean that you only take 1 holiday per year with your family because after a year of paying the bills there is nothing left over?

Does that mean that you work every week 60 – 80 hours to keep up with your bills and the Joneses that are stockpiled up to their eye balls into debt?

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Freedom, what it means for me?

It does mean having a small housing payment so I don’t live for my damn house and can save for my Freedom.

It does mean paying cash for a damn used car so there is little depreciation and you don’t have to work to pay an extra $500 every month. So you can put that $500 dollars a month to work for your Freedom.

It does mean having the monthly cashflow surplus so you can take yourself and your family more on holiday, so you can enjoy your damn life and your Freedom.

It does mean that you don’t have to slave your life away for a boss that doesn’t even appreciate you. Cut your work hours in half and take your Freedom to do whatever you want with the remaining hours, like building your hobby into a business.

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Once you have your freedom, you can buy whatever the fuck you want.

Cash is king, debt is dumb.

So stack that paper and enjoy your Freedom.

Until next time,

Uuldriks Financial.

 

Do you live for your house?

Do you currently have a big housing payment?

The average mortgage payment in 2018 is currently $1,030 / monthThis is excluding :

  • Private mortgage Insurance.
  • Property taxes.
  • Home owner Insurance.
  • A leaky roof.

This will certainly come to a price more like $1.300 / month.  Do you really want to keep paying that every month for 30 years or more like your entire life??

What if you sell that enormous house that is costing you an arm & a leg every month and downsize to a smaller house, get some equity out of that mansion and use it as a down payment on your new (Smaller) house.  Taking that monthly payment from $1.300 to $500 / month.  So you pocket that other $800Month in your wallet and invest in some ‘freedom’ accounts.

These ‘Freedom’ accounts can give freedom for your family to do whatever the fuck you want.

Things like :

  • Working fewer hours, enjoying more time home with your wife and children.
  • Spend money in other area’s of your life.
  • Saving and paying cash for your dream car.
  • Travelling more and discover that your monthly payments keep you stuck working your ass off for the ‘man’.
  • Coming to your damn senses that this materialistic stuff and marketing from Banks keeps you away from your dream life.

I currently think the mortgage payment is the biggest cash flow killer in the western world, especially with this high housing market. Prices are getting bubbly again and it will certainly pop like a fireworks party on the 4th of July.

The only reason why you should get in Real estate is if you want to invest in rental appartements or you just got enough dough lying around to pay the entire house off.

You know where the word mortgage comes from? From the old French word ‘Mort gage’ and it means ‘Death Pledge’. 

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Damn, you really want to work for a house untill you die?? Not me.

So what to do with that extra cash lying around? And what do I mean with ‘Freedom’ accounts?

Stuff like investing in yourself through education to get a better J.O.B, more income from your job because you get more valuable to your employer instead of watching Facebook 7 hours in your 8 hour workday because the J.O.B is boring ass fuck.

Taking that $800 / month and invest it in stocks, bonds, real estate and more importantly your own ‘Brand’.

Your ‘Brand’ is like what Victor Pride calls ‘You inc’. Building a business around you, how you are and what ‘YOU’ like… Building your reputation by selling and marketing yourself. What do you have to offer to the world around you?

Building a business is the best thing you can do, because it’s the most fun and it won’t feel like work because you ain’t making somebody else rich other than yourself. Ain’t nobody got rich working a ‘Just over broke job.

A business can be anything from lawn mowing grass in your neighborhood to selling billion dollars of real estate, everything will feel better than wasting your goddamn time selling yourself to the ‘BOSS‘.  I would say fuck the ‘BOSS‘ and be the damn BOSS. Act like a man and find a way to be of value in this world.

Build something for yourself now because nobody retiring anymore in a few years.

Before we leave, be sure to check out Victor Pride’s content on BOLD AND DETERMINED.

He has a lot of good stuff on this money ‘thing’.

until next time,

Uuldriks Financial.