NOTE: This is a personal story. We lived it misery to misery. Not from lack of love but from not determining what’s important. I present it to see if you ladies might be interested in hearing the rest of the story, how we moved from broke to rich in six months without additional income.
Her Majesty Grace and I mismanaged our finances for over two decades. We were broke almost without interruption, and interruptions lasted for no more than a few days.
OUR EXPERIENCE: For decades we rewarded ourselves for living through misery. We rewarded ourselves for unsuccessfully handling our money, and it guaranteed more of the same. We’ve been here:
- We duplicated poor lessons learned in childhood.
- We lived payday to payday.
- We were broke at every income level.
- We were always out of money before out of month.
- We never had cash for something extra; we always charged it.
- We were never able to save for the long term, just for the short term, and even then we lost track of our original intentions and spent on something else.
- We made many attempts at budgeting but could stick to none.
- We rewarded our miseries by buying new things.
- We made many loans to consolidate credit cards.
- We paid immense amounts of credit card interest.
- We paid many bank charges for checks that bounced
- We tracked expenses but never saw light at end of the tunnel.
- We studied financial, success, and how-to books without discovering how to recover.
- We tried everything without markedly improving our lot in life.
- We diligently ignored the power of prayer.
OUR MISTAKE: We used the right principle wrongly. We finally found the right combination of efforts to turn the reward principle around to work for what we need instead of what we want.
You’ve heard me say that frustration is the father of invention. Well, I didn’t quit and finally came to believe in this principle: It is not about how much money one has; richness lies with control over it, and control lies with a few principles.
Control sounds elementary, and it was and is. But we lacked the right process around which to structure it. In the late 1970s I found the way, and we’ve been rich ever since—both financially and mindfully.