How To Kick Murphy’s Law Out Of Your Life And Your Finances

Everybody knows Murphy’s Law, “Whatever can go wrong, will go wrong.” It never fails, does it? You make plans, have to be at an appointment, waiting to take off on your flight and something goes wrong. Your friend is sick, there’s a traffic jam, or you have a three-hour delay for some reason. For me, I’ve seen Murphy’s law rear it’s ugly head the most when I didn’t have my finances in order. Don’t laugh, it’s true. I can’t tell you how many times I have had a super expensive car repair or a trip to the vet that turned out to be astronomical. How did I pay for all these? On the credit card. This vicious cycle went on until the spring of 2013. That’s when we attended Dave Ramsey’s Financial Peace University and everything changed. My husband and I started working Dave’s Baby Steps and by the time we were done with step three, Murphy didn’t come around as much anymore. Murphy’s law started slowly walking away.

Murphy’s Law: Proofing Your Life

We learned that there are steps you can take to ‘Murphy proof’ your life as Dave would say. Granted it won’t take your problems away, but it will help keep those ‘emergencies’ at bay. You see, Murphy loves to knock on your door when you are unprepared. However, once you get things in order, he knocks less and less. Here are some steps you should be taking to send Murphy to someone else’s door.

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$1,000 Emergency Fund

Dave says, “The first step you need to take is save $1,000 for a ‘baby’ emergency fund.” There are lots of things you can do to hurry up the process of getting this in place. Take an extra job delivering pizzas, save all your change, sell a lot of things on eBay, sell the motorcycle that has been in the garage for twenty years. This is the foundation. This is your safety net for the roof leaking, the alternator on the car going out, or the washer and dryer breaking down. Also, keep it in a safe place that is easy to get to. One of the best methods I have heard of is in a picture frame with a note that says, “In case of emergency, break glass.” That would put a kink in Murphy’s Law. Continue reading

Borrowing Money: Becoming A Slave To The Lender

Proverbs 22:7 says, “Just as the rich rule over the poor, the borrower is slave to the lender.”

I used to have credit cards and car payments. I’ve made poor decisions like charging a little Christmas here and there. I even put groceries on it once. It’s something we as a society don’t really think about. Every time we add more debt to our lives, we become shackled in chains that grow heavier and heavier. We become slaves to our lenders. Yet, we sign up for it like it’s a way of life.

Little Pieces Of Plastic.
Credit Cards-We rack up tons and tons of debt on these little pieces of plastic. This in turn causes stress over the pending minimum payment. Not to mention all the interest and fees. Yet, people allow the cycle to repeat every month. Therefore, they are on the hamster wheel running and running, and wondering if, and when, they will ever get off. The borrower is in bondage to the lender.
Slave To The Lender.
Slave To The Lender

Lend Me Some Wheels.
Car Loans-I understand that everyone needs a vehicle and that for most people, car payments are a way of life. What I don’t understand, is why people have to buy way more car than they can afford and put that much pressure on themselves. What happens if someone loses a job or has to change jobs and has to take a lower wage? Those payments still have to be made every month. The borrower is slave to the lender.

Two Parties,One Slave,One Lender.
Relationships-This is probably the most heartbreaking of all. We are conditioned to think that we are helping friends and family by loaning them money. The truth is, it only ruins and taints relationships. This happened recently to a very good friend of mine. He went into business with his best friend and agreed to not only loan his friend money, but also buy merchandise for the store on his personal credit card. The store went bust, his friend can’t pay him back, nor does he have any interest in doing so. In the end, my friend had to file bankruptcy because of it. A business and a 30 year friendship completely destroyed.

As a society, we need to think more about how our decisions affect us. Do we really want to open that credit card? Do we really need to upgrade to the newest thing? Can we really afford that much car? How will lending this person money affect both sides of our relationship? In the end, it is our choice weather or not to become a slave to the lender. I have been on both sides of the coin and trust me, freedom is better.

Photo Credit courtesy of AKuptsova via Pixabay.com

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Saying Goodbye To Work (And Surviving Pt. 1)

You have been dreaming of saying goodbye to work in the rear view mirror and looking out the windshield to your dreams ahead of you. You have dreamed of opening your own business, pursuing your writing career or whatever your passion is forever. It’s time to fly. Or is it? What’s your game plan? Do you know how your finances are going to flow? Have you talked to your significant other about this? These are the things you have to think about before you jump off the cliff. Not fun, I know, but if you want to leave with your sanity in tact and not thinking ‘what did I do?’, these are the things you need to think about. How do I know? Because I did it. A little over two weeks ago I took a running jump off the cliff and jumped into my passion of writing full time. Here is how I decided to leave work behind and had the confidence that I would survive. You can too.

Saying Goodbye To Work.

Saying Goodbye To Work

Finances
I am the money manager in our family so I sat down with our budget and worked the numbers. I figured out that my husband’s pay will cover half our bills and we may have to take out of savings for a little while. I know what we can cut out if need be to cut down costs. But more importantly, I have a deadline for when I want this business to be up and running and making at least my salary from my old job. If I’m not there by my deadline, I will find a part time job.

Your significant Other And Your Family And Friends
When you tell family and friends what you’re going to do you will be met with all kinds of responses. Some will be happy and excited for you. Others won’t be able to comprehend why you would want to go from a stable job to something unpredictable. I’m blessed in that my husband was 100% supportive of what I wanted to do. He knew I was miserable at my job and that I would be much happier. We sat down together and talked over the financial aspects of things. We discussed my time frame. He knew that if things didn’t take off by a certain time that I would go looking for other employment. In the end, even though we were both a little nervous, we knew we had a great plan in place. I was confident in saying goodbye to work.

Telling My Boss
I got a little creative in putting in my two weeks notice. I decided to type it up on pink paper, hence giving them the ‘pink slip’. I was lucky in that although they hated to lose me, they were excited for me and happy to see me go after what I really want. They had watched my journey since last year and watched my writing grow and evolve. It was time for me to be saying goodbye to work.

My First Two Weeks
My first two weeks have been good. I have been able to discipline myself and have a schedule down. My pitching has been going okay, but I strive to do better. I’m still trying to find a balance between writing and pitching. However, just like anything, it will take time to work things out. I have no worries, I can do this. I have no regrets about leaving work behind.

Photo courtesy of geralt via Pixabay.com

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Who Is Behind Freelance By Lowrance?

Hello, my name is Carrie Lowrance and I am the writer behind FreelanceByLowrance. I started building my freelance writing business as a side hustle in January. In building my portfolio I was lucky to be featured on Huffington Post, She Is Fierce, The Freelance Dance and Indebted Mom. I recently took my side hustle full time. I offer articles, blog posts and email copy writing services. My niche is personal finance. I recently finished some professional development training with Steve Slaunwhite on email copy writing which was amazing. I am also an author. Since I was nine years old I have dreamed of writing and publishing books. Last year I made that dream come true by publishing my first book of poetry, Lithium Dreams And Melancholy Sunrise. I followed it up with my second poetry book, The Safety Of Objects. Prior to taking my business full time I worked in a day care. This was a great experience and so much fun. The children in the school age room where I worked gave me the courage to publish my first children’s book, Don’t Eat Your Boogers (You’ll Turn Green). When I am not writing, I enjoy spending time with my husband, hanging out with friends, cooking and baking.