Why are People With “Common Sense” Still Struggling?

Problem #65: I know I could be doing better financially, but I feel stuck.

There’s no other way to say it. If you feel stuck, you simply need to make a change now! If you know something isn’t working, what are you waiting for? Do you think you situation is going to fix itself? Use some common sense. If you remove yourself emotionally from the situation, you’ll be able to very quickly say, “No, it won’t fix itself.” And you probably can even say that without distancing yourself from the situation. So then why do we continue down the path of destruction? This is a PROBLEM.

Is common sense so uncommon that we don’t know what to do?

Let’s think about a few scenarios where changes certainly need to be made.Common Sense with Money

The Average American

Imagine someone who has a decent income, but is spending everything they bring in. We would call this living paycheck to paycheck. In fact, you probably don’t have to imagine it, as you most likely know someone in this situation. Though they may not let on. After-all, most people put on a good face, and pretend like everything is coming up skittles and puppy-dogs. This is the average American.

The changes this person needs to make may not be drastic. They could cut back on their Wal-Mart spending, or those pesky “latte” bills. This would allow them to save a little extra, and start to get ahead. They could tighten their budget, and start to trim the excess. But to really turn things around fast, they would have to make some big changes, such as getting a better paying job, or moving to a cheaper living situation.

The Blinded Truck Lover

What about someone who makes $30k – $40k per year? This feels like great income everywhere in the world except here in the good ole US of A. Here where we all deserve the greatest motorized covered thrones money can buy. Even if we have to take out a loan to acquire said vehicle.

So this person, buys a new Ford F-150 for $42k. More than their annual income! And they don’t think twice about it. The payments are only $450/month for . . . oh . . . the REST OF THEIR LIFE.

But now that they have the truck, it’ll be okay. It will keep them safe, because it’s monstrous, and has 4 wheel drive. They can’t buy groceries, but they have that truck. I have driven past houses dumps with a brand new truck in the driveway. It never ceases to amaze me how someone can live in a rundown trailer, and yet drive a forty-thousand dollar vehicle.

We all know the solution. Get rid of the truck ASAP, and take out a personal loan for the difference, because you’ll never be able to sell it for $42k. Get a beater or $3k – $4k car. And NEVER BORROW money for cars again.

But what’s common sense to us, isn’t to them. They’re emotionally invested in that stupid truck. It’s almost like a pet that they can’t get rid of. And it’s easier to keep it, than to go through the hassle of selling it.

*sarcasm incoming* I mean they’d have to actually go to the bank and ask for a loan. And then buy some other car. Which is traumatic, especially if someone else sat in it and drove it for years. I mean it’s used. Who knows what the previous owners did in those seats? I can’t even. -shudders . . . I’ll just stick with my new, only-had-one-butt-in-the-seat truck.  *end rant*

And they continue on struggling, living Friday to Friday. And they complain about never having any money. I see it on Facebook and in real life all the time.

SELL THE TRUCK!!!

Take a Risk, and Make the Change

Making changes like that are hard. I get it. But the consequences are even harder. Your future is looking bleaker and bleaker the longer you delay.

Just think, if you were rafting down a river, and you knew in about a mile there was a crazy high waterfall, what would you do? Would you paddle up to the start of the waterfall, balance your raft precariously on the edge, scoff in the face of certain death, and just turn around and paddle away?

If you said yes, YOU are either crazy, or you are Indiana Jones. Because he’s the only one who could survive a fall like that. Because if you’re on the edge, you are certainly going over.

Most of us, when we started to sense the pull of the water towards the waterfall, would start to paddle towards the shore. We know that the closer you get to the edge, the stronger the current is. And we don’t want to attempt Indiana Jonesing over the fall. But, at some point, if you get too close, it’s inevitable, you’re going over. You won’t be able to stop it. Better to make a course correction before you get close to that point-of-no-return.rafting on a lake

But how many of you are right on the edge of the falls? You’re trying to balance your financial raft between debt payments, “having a life”, and necessities. You will eventually get pulled over the edge, and at some point, it will be inevitable.

The point of no return is bankruptcy and financial ruin. When your payments and bills become so high, that your creditors take everything you have. You’ll have nothing, and not enough time left in your life to get it all back. You will have wasted so many years just balancing.

You’ll end up working until you die. Of course, that is always an option, but your health may not allow that. And do you really love your job that much?

Make the Common Sense Change TODAY.

So what changes have you been putting off? Selling your ridiculous car? Adjusting your budget? Cutting your cable bill back? Opening a savings account?

All of these changes take some effort, but the results will be more money in your pocket now. And much more money in your pocket in the future.

Common sense is common, but it seems uncommon only because so few actually follow-though. Until you make changes necessary to win, you just look like a financial moron. You know what to do. You’re just too lazy to do it.

Are you tired of being a financial moron. Have you started making the necessary changes?

-Chris

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2 Comments

    • Hey Wes, I use Quicken to track spending. And I use Excel for our budget and more future planning. It’s just more flexible IMHO than Quicken, and I like tinkering.
      Thanks for stopping by. 😎

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