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2020 Personal Finance: You can dig yourself out of a hole

Hello world! On February 3, 2020, after a glorious January of drinking delicious green smoothies and crushing my health goals, I came down with a vicious, RELENTLESS COLD! I haven’t had a cold in like…YEARS. I honestly think I haven’t had a cold since some time before I was diagnosed with breast cancer in 2016. Let me tell you, I don’t want another one again!!! I believe I picked it up from someone at work and passed it on to my husband. The rest is history. It was terrible! I’m mostly better, but I’m not 100% yet.

Despite spending the first half of February fighting a cold, I’ve set other goals related to my finances. Check out a snapshot of my vision board in the cover photo. (Ignore the weird smile.) Have you ever made up your mind about something to the point where you became obsessed??? This is me right now. I can barely think of anything else.

I’m not quite sure what clicked in my head that’s caused me to become so laser focused and determined to get out of debt, but I’m glad to be here. I’ve been reading and watching videos on YouTube daily, and mostly all day on weekends, about personal finance, getting out of debt, and building wealth.

Lucrece’s Financial reading

I’ve been toying with Dave Ramsey for years. I even bought his daughter, Rachel Cruze’s book and audio of “Love Your Life Not Theirs” (not pictured). I’ve taken on some of Dave Ramsey’s principles, many of which are from the Bible, but haven’t fully committed. For example, I’ve been doing a zero based budget for years. In my budget binder, where I track our household expenses, I can see I’ve been using the budget worksheet from one of his books since at least 2007-2008. I also have a Financial Planner I’ve recently recovered and have notes in there from 2008 (when my handwriting was much neater). What I haven’t done is save for the emergency fund and start the debt snowball yet.

For the last few years, I’ve been living in some kind of alternate reality, as best as I can describe, because I haven’t put much thought into my financial goals. Sure, I do a budget every month and pay my bills, but I haven’t planned much beyond that. Retirement and insurance are automatically withdrawn from my check. My husband hasn’t worked for a couple of years due to his health issues, so my income is all that we’re working with for this period in our lives.

Don’t get me wrong, there are some good things working in our favor with regard to our finances such as my salary and I’m fairly organized. However, there’s much, MUCH more work to be done. My husband is on board now too. Call it mid-life CRISIS or perimenopause, but there’s a sense of urgency in getting this part of my life together that I’ve not had before. I’d like to build wealth for my family.

Like most Americans today, a large chunk of my debt is student loan debt. If I had to do it again, I would definitely do some things differently; however, I can’t go back in the past. I must move forward learning the light lessons along the way. I’m highly educated (my student loans are my receipt of this education) and am going to use the tools I already possess to reach my financial goals.

I’ve taken the time to total my debt, which I haven’t done in years and years. I think this is a sign I’m serious. I actually wrote down the numbers. The amount is mind boggling. However, I know if we (my husband and I) put our minds to it, we can dig ourselves out of this hole. You can too.

The best place to start is to: acknowledge there is a problem, decide to do something about it, decide on the best course of action, plan, and then put your plan to ACTION. Also, surround yourself with information and successful stories of people who have reached your same goals. And then often VISUALIZE yourself reaching your goal(s). IMAGINE what it feels like. How good does it feel to make that accomplishment?

I’ll keep you posted on my progress.

What are your financial goals for 2020? How much progress have you made? Planning on getting a 2nd or 3rd job?

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2020 Communication-Can you hear me MEOW?

Let’s get clear about something in 2020. Effective communication is essential in sustaining fulfilling relationships. Yet, in communicating, it’s so easy to get wires crossed, misinterpret, make assumptions, jump to conclusions, ignore the facts, etc. I urge everyone to work on improving your communication in 2020. If you think you communicate superbly, you might want to consider further refining your skills.

What am I talking about? I’m glad you asked because as you know, communication takes several forms such verbal, nonverbal, and written. The communication styles I learned about in college as a social sciences student was assertive, passive, aggressive, and passive aggressive. (HINT: You want to be assertive.) There are many platforms of which to communicate (Ex., in person, phone, instant message, text, emails, audio, video calls, etc.) and the act of communicating can entail multiple simultaneous activities (Ex., listening, watching, speaking, processing, interpreting, etc.)

At my place of work, communication is a constant challenge because I work for a large bureaucratic agency. The volume of work is VAST. I’m flooded with emails on a daily basis. And here’s a NEWS FLASH!!! Emails are not the most effective mode of communication. Yet interestingly, many people think it is the best way to communicate. My opinion is that in person is the best way and all other modes can work to support in person communication, but not without extra effort.

Over the last few months, I’ve noticed communication problems with a member of my team. In these types of situations, as the leader, I assess where I can tighten up my communication style to ensure I’m communicating effectively. Be direct. Check. Give sufficient information – no more, no less. Check. Paraphrase what was said to ensure I understand. Check. Repeat. Check. Summarize. Check. However, despite my best efforts, communication continued to decline. We ended up having a meeting with a director to help mediate the situation. At the end of the day, it was a matter of communication styles and some other factors.

I love how my cats Beignet and Cannoli (pictured) communicate with the four humans in their house (us) and with each other. Beignet is the alpha cat of the two. He’s aggressive with his expression of love. He is constantly affirming his love for me by following me EVERY WHERE, giving me tail hugs, brushing up against my leg when I’m on the toilet, meowing for me to open the door after I purposely locked him out, winking at me when we lock eyes, laying on my chest in the early morning, sleeping on my shoes, and believe it or not, there are many more ways Beignet displays his love for me.

Cannoli does all the same things as Beignet, but to a much more tame degree. He barely meows. Yet, he will communicate he loves me by laying at the foot of the bed instead of on my chest, except for when I’m on the couch…he’ll lay on my lap. He’ll gently rub against me when passing by, but not always. He’ll give me a wink too if he feels like it. I don’t get quite as many physical expressions of love from Cannoli as Beignet, but that’s fine because they’re different cats, communicating the same thing. They love me. Message received.

When my kids were younger and we first got our cats as kittens, I taught them to “listen” to what the cats were trying to tell us by their actions. I especially had to remind my daughter, the younger of my two kids. Don’t keep trying to hold Cannoli when he’s squirming in your arms. Let him go. He’ll come back to you when he’s ready. Beignet is wagging his tail rapidly and his ears are pointed up, which probably means he’s agitated and may lash out at you. Don’t get in his face. Cannoli is rubbing up against you again, which probably means he wants you to pick him up. There are plenty of nonverbal cues our cats give to let us know what they want, but you have to be observant and discerning.

I wish communicating with other humans were as simple as communicating with pets. Despite all the tools at our disposal, communication can go haywire if you don’t pay attention. Each person is different, has different learning and communication styles, and motivations. People can use all the tools thinking communication will be better, but not necessarily. It takes effort and intentionality. Beignet demonstrates his love using all of his tools and because I’ve received his message, I reciprocate. You have to be intentional about communicating. I’ll do a later post on communicating with your loved ones.

So I encourage you to evaluate how you may need to improve your communication style in 2020. There is always room for improvement.

What’s your communication style? What areas do you need to improve upon?