This is a guest post from NCN of NoCreditNeeded. NCN also does an excellent podcast, and runs a motivational network (for lack of a better term). If you like what you see here, please consider subscribing to his RSS feed.
I have been reading FiveCentNickel for almost three years. Over that time, I’ve learned a lot from Nickel, and I’m thankful for the opportunity to write a guest post.
Nickel and I agree on a lot of topics. We both believe in saving for retirement. We both work hard to save money. We believe in teaching our kids about money – Nickel and his wife have four boys. My wife and I have two kids — and a third on the way!
But there are also subjects about which we disagree. Big time!
Nickel uses credit cards. (Rather effectively, I might add.) I avoid them like the plague.
Nickel calls me a ‘Luddite’ because I’m an old school guy. I don’t like credit cards and I still – gasp – write checks!
But, even though we differ on a few things, I think we could both agree on the following…
Three years ago, I was in debt, I had no plan, and I was scared. I began to search for answers, and within a very few days, I was able to put together a plan to get out of debt. But, I didn’t stop with ‘a plan’. I took the time to implement the plan, and I worked hard – harder than I had ever worked before – and I was able to get out of debt.
After getting out of debt, I worked even harder, saving up money in an emergency fund. And, after I fully-funded that emergency fund, I didn’t stop. I continued to think about the decisions I was making, the money I was spending, and the future I was building. I learned to be intentional. Every decision has a purpose. Every dollar means something.
Along my journey, I have encountered countless resources. I have absorbed so much new information. I have learned more in the last three years than I did in the previous ten. Why? Because I stopped being so stubborn and started listening to other people. If you want to grow as a person – and learn how to effectively manage your finances – then open yourself up to new ideas.
Stop looking around at the people who are ‘just like you’ and start looking for people that ‘you want to be like’. Find successful people, ask smart questions, and listen. You will be amazed by how quickly your life changes when you start opening yourself up to knew sources of information.