Think in solutions, not problems.

Everybody always talks about money being the root of all evil.

Money & wealth begins with a state of mind, you have to lose the ‘broke’ mindset to get a ‘rich’ mindset. Having money and earning money is one of the greatest feelings there is on this world. Having no money in your bank and nothing coming in is one of the shittiest feeling you ever have.

Anyone in poverty can really agree with it that having to stress how you are going to eat, paying for a roof over your head or even figuring out how you are going to put gas in your car on your way to work is going to suck. If you are in this situation you have to make sure to get out of it. Figure out what the reason is that you are in this situation. You first have to analyse in what kind of situation you are, this way you can figure out a solution to the problem.

First accept that you are in the gutter, then find out what you can do about it. Today the day you can find everything on the internet. You need to get out of debt because the bills get to high? You can find how to.

You ain’t making enough? You can find how to.

Especially if you live in the west, the odds are ‘very good’ for you. We have the opportunity to change and the capitalism climate accepts it, if you want to make more money in a country like Iraq or Syria its going to be very hard and in such environment you are busy thinking about surviving. If you live in America or another western country, you have all the opportunity there is.

But you have to think! Thinking the correct way will create opportunity’s for you. Don’t say there is no way I can fix this shit, the human brain is very  creative and bright enough to find a solution to every problem as long as you stay positive in it. If you say there is no way, than you are not going to think further and you won’t get a solution for your problem. So stop whining about it and find out what you can control. Don’t stress about things you can’t control.

The issue with this is that eventually the problem will get so big that your stress levels will get an all time high that you’re not able to sleep anymore, any further than this and you will land in the hospital.

So get moving, get your money thoughts straight.

Problems create Solutions.

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Focus on what you can change, you’re not stuck in the situation you are in right now. Get out of it, make more money, get out of debt, save some money, move to another location where you can earn more, start a business and provide value for people.


DO IT NOW, 

not tomorrow,

START NOW.

Until next time,

Uuldriks Financial.

 

How can you save more money

Save, save and save!

Once you have a nice income you have to make sure that your savings rate is going up.

Most people begin to spend more money once their income rise. But you are on a different path then ‘most’  people. Because the average person is broke. To get something most people don’t have, you need to do something what most people don’t want to do.

Savings rate is one of the key factors in your beginning of becoming above average. If you tell people that you would like to become an above average person and focus on becoming rich & free, most people will look at you like you are the freaking devil or something. Which I find strange because everybody wants and deserves a positive, great and rich life. But people don’t believe they can have it all.


People believe if you are rich, you are evil and nasty.

People believe that if you focus on having a career that you can’t have a great family life. But wealthy people believe that you can have both.

What I try to tell you is that you need to focus on your own life for advice. If the herd gives you advice and you think about it, letting your mind wander back into negativity, you will get the same results as you had before. You need to learn to follow your own mind and not get distracted by your surroundings. Don’t listen to them, but don’t even try to get into an argument with them, your just wasting your precious time that could be spent building a business.

Why should you focus on saving more?

Because when you save more money, you can invest that money into your ‘asset’ column. The only way to become rich is that you have control over your time. The way you can get control over your time is that you don’t have to work for a paycheck, rather for luxury or if you love the job you are currently doing.

Only assets can bring you this comfort. But before you get comfortable, you will need to become uncomfortable.

Example :

– Living on way less than you make, try to save 10% or more from your income and keep increasing your savings rate as you continue building your savings account.

– Driving an old and cheap car for a long time so you can save more.

– Skipping that nice dream house you and your wife want to build/buy. You can buy it later when you are free from all your stress.

– Not keeping up with your loser friends that want to keep you spending money on beer & other shit.

– Letting that new iPhone stay in stores and keep your old cell phone just a year longer. Once that ‘new’ iPhone ain’t new anymore, buy it on discount. 

These are the key ways for you to save more. Not searching for the cheapest gas station in town, saving money on buying only rice and beans, skipping that morning latte, that’s all bullshit. Do you really think a millionaire cares about $2,50 for a coffee and do you believe that will make him poor? Of course it will save ‘some’ money but it won’t make such a difference that its better not to stress about it.

You don’t need to keep thinking about that little stuff if you want to become abundance.

Saving money is fucking great, but saving on every single thing is going to depress you and it will make you quit saving. Once you keep putting away a few dollars to save on a latte or whatever, you will miss it so much that you will want to go out and spend a lot more money on a car or laptop that you like.

So you are saving pennies and because you get so depressed, you will want to go out and spend dollars.

This is not the correct way to save money.

Focus on what makes you poor.

The reason why most people are poor is that they spend too much on housing, cars and stuff. These are things we think we need to impress people we don’t like. So we have to stop trying to impress everybody with our shit. Its time to make a change for the better and save some cash, stack that paper, create more dollars for yourself.

That $300.000 house can wait and let someone else buy into that $30.000 car, you are off for a different future then the sheep. Even if people learn to save from their parents or society it is always for a car or a vacation. I definitely believe that a vacation is a great way to spend your money. But it’s not going to create an income for you and you should look for ways to put those savings to good use.

Its time to take life by the balls and go your own fucking way.

Its time to save and stack that money so you can invest it. Use it for a down payment on an investment property to create yourself some rental income. Then use that money to save more and invest that money again, so on, so on. Before you know it, you will become rich.

How are you going to save that money? How the hell can I find financing? The answers are everywhere. We have our articles that are concentrated on saving and getting out of debt.

Articles like :

Do you live for your house?

You don’t need a car payment

Are you in debt?

Check these out if you want to go more in detail on how to get out of debt. The number one reason why people can’t seem to find more money to save is because they all give it to their bank.

Investment financing.

How can you find financing? Well go on google and ask, why not turn around the debt position you now hold with your bank and use their money to make yourself an income. Instead of giving all your money to them? Pay off your loans so you’ll achieve a good credit score of paying them back, put down a good down payment of 10 – 50 % and you will have the opportunity to get financing for investing. The problem is in the mindset, if you keep asking such questions like how to this or how to that, you are not going to do anything to improve your situation. It’s just a form of procrastination.

If only keep thinking about problems and not solutions you won’t come up with a creative idea for a solution. Like asking someone you know that can provide for you the correct service or contacts to get you closer to your goal or how much down payment you really need to get $200.000 for an investment property, these are real and useful questions.

But first focus on your thinking, if your thinking is out of balance and still stuck in the poor mentality you won’t get the real success you want. Real succes is only achieved by being grateful what you already have. From that position on you can focus on the value that you provide and not only the money. Because purpose and happiness through growth is the only way to keep going.

Once you achieve your money goal, you can always make it bigger.

So focus on saving your money, achieving gratitude and getting a wealthy mindset.

These 3 things will keep you going and make you way happier then any material possesion you think will make you happy.

Once these 3 things are in position and you have achieved your money goal, you can celibrate with something as fun as a nice car, nice house and dream vacations. Enjoying life.

So first save your money, invest it and then spend your invested money for the nice things you would like out of life.

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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.

PrisonersOfDebt_Logo

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.

Bills-to-Pay

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.