The Blue Bear and Red Bull

Just as in war the battle for financial freedom is seldom won due to lack of resources or abundance of resources. On this battle field it is a all about initiate and how you allocate your energy and resources and persistence in the face of adversity and temptation. there was a recent financial situation that illustrates the above point that came up recently. The topic of financial worry and dissatisfaction that was explained to me was as follows:
1) I have ≈ 30K in a savings account
2) I have a car loan of ≈ 34K car value of 44K
3) I have 2 jobs from home and I make a total of ≈ 80K.
Rally he was worried about not be able to pay his car loan and other living expenses (rent, utilities) if he lost one of his 2 jobs. He is living like a broke person which actually is very normal these days and really in essence he was living the life of a Blue Bear. It is not that he is broke but rather it is that his resources are misallocated and when you think ad live like everyone else you will be broke like everyone else. With a simple reorganization of his resources he will go from dissatisfied and out of control to empowered and on track towards achieving his financial goal. I reorganized his financial resources as follows:
1) Sell your $44K car and pay off your 34K car loan. You are broke and should not be riding around in a 44K depreciating asset just because you feel entitled to it. It is childish and just plain financially stupid.
2) Buy a 10K used car with the proceed of the sale of your 44K car which is still a very good car for a broke person!
3) Take the 20K that you have saved and put away 12K in a 3-6 month emergency fund. This will take away any financial insecurity of potentially losing your job as you will have have the resources to ride out the time required to find another job without going into any other debt.
4) take the 8K left over and put it in a money market or liquid GIC/saving account vehicle and start saving towards a down payment for your home purchase.

The situation went from one of having debts, having to much car for his income, financial insecurity due to potential job loss and no vision for his future to still having a good car, no debt, financial security and having a tangible start to his dream of home ownership.

Building wealth is never a resource problem but a vision and behavior problem and now all that is left to do is for him to follow his path to financial freedom! If this story resonates with you and you are sick and tired of being unable to free yourself from your bad financial decisions and behaviors feel free to reach out to me to do a free financial assessment.

The Red Bull

Any journey has its up and downs and over the last few days I have got hit with a few downs. When I was competing in cross country racing I always strived to be the best and win the race but winning is something that you have to be ready for and in life and in money. I recently applied for a new job and it would have meant a 15% raise in my income but it would come at a great cost (less time to workout, build a business and spend time with family). In the end I placed 2nd and received a call from the hiring manager saying something like "its not you" and "there was nothing you could have done better". You could tell that he liked me and that he was a bit embarrassed that he had to make the tough call, but in the end I should be thanking him. Don't get me wrong I don't like to lose but for some reason when he said I did not get the role I was relieved like as if I knew that this was not the right race for me to be running. I realized that losing the wrong race is actually a blessing that can save you from investing in something that you will not excel at and not bring you gratification. I will end off with a few clichés that come to mind for this 1) Find your lane and run as hard as you can 2) Every once in a while all that glitters is not golden 3) you have in fact dodged a bullet.

The Red Bull

As an Introduction I wanted to just give some background on why I think it is valuable to live a life as a Red Bull. Most people live their lives without even realizing that they are in a Blue Bear mentality. We all make the decision everyday to not work out to not count every dollar we spend and to not be aggressive in the pursuit of spiritual and emotional wellbeing. I was proud and comfortable in my Blue Bear state and could not see the need to make a change. Being broke and out of shape is normal in our society and I was sick and tired of being normal. This channel is all about holding life to account and at the same time providing valuable information on the pursuit money, spirituality and physical wellbeing. I have been blessed to be surrounded with so many monetarily successful business people, and the topic of financial health is the one I tangibly value the most in that I have a great deal of knowledge expertise in this area. I am also a very active and competitive person by nature and I have channeled those into track and field as a child and a mix of martial arts including (kickboxing, Kali, Wing Chung and boxing) as an adult. In my journey toward becoming Red Bull intensive I have dusted off and rediscover what it means to become the best version of myself. Healthy Body, Healthy Soul and Healthy Finance are all needed to be a true Red Bull so lets walk this road together.

The Red Bull