In light of the current economic situation and the great credit debacle in play, I know there are many of you who will find the following paragraphs highly controversial. But there are those of you that will be able to approach the concept I am about to present with an open mind, accept it, and sensibly put it into action. Those of you who do will find a tangible motivating force second to none. But please be aware, just like a case of dynamite can be used to accomplished a great amount of good work, if handled recklessly, it can also cause considerable damage. So it is with the concept which I am about to share.
I do not remember where I heard this quote, probably at a motivational seminar I attended, but it stuck with me..."To force myself to earn more money, I determined to spend more." That is the heart of the concept I will be sharing with you here. The concept is designed to enable you to reach your material goals that much faster.
I know many of you disagree with this way of life. A great many people vehemently condemn this "Buy now, pay later" plan of personal motivation. The churches attack it because they believe it places too much undue emphasis on the material side of life. Conservative business people condemn it because they claim people will buy thing which they can not afford, and saddle themselves with too much debt.
Yet for all the negative feedback generated in opposition of the "Buy now, pay later" plan, it is nevertheless, for good or bad, one of the cornerstone of the U.S. economy and one of the major reason for it continuous vibrant growth.
Here is how the "Buy now, pay later" plan works and how you can use it to your advantage; begin purchasing things, in line with your material goals wish list, that cost more than you can currently afford.
But understand, your purpose here is to learn . "Intelligently," is the key word here. To intelligently do this, the purchases you make should not be so far beyond your means that you could never hope to pay for them, but rather, they should be just far enough beyond your ability to pay for them that you could afford them if you exerted yourself just a little bit more.
Therein lies the benefit of the "buy now, pay later" plan. It forces you to give yourself the needed boost to try harder. To push yourself beyond your current comfort zone. To demand more of yourself out of necessity. When exercised and applied correctly, you discover you are capable of achieving far more than you are currently doing and you do.
Often business will open new offices, new showrooms, or a new plant, even though the present demand for there products or services may not warrant it. However, because they know they are going to have to increase their revenues a specific percentage amount in order to justify that expansion, they do it. Because if they do not, they are faced with the unpleasant alternative of having to close down the new expansion, possibly layoff employees, and take a loss. That is not the plan. They do not want that to happen. So they exert every effort to boost their revenues. And in the vast majority of situations, they do.
Personally utilizing the "buy now, pay later" plan, I sold my $180,000 house and moved into a brand-new $300,000 one, in an upper scale section of town. When my friends asked me "How come, did that, did you get a big raise of something?" I had to tell them the truth, "no, but I am going to have to now." I went on to point out that I had been coasting along and decided I wanted more and I needed to do something to make me exert myself. I know I am capable of doing more than I was, but I just did not seem to be able to motivate myself to do it.
"Now I have to. Buying this expensive house is like someone just gave me a good swift kick in the rear end, which is just what I needed. This higher mortgage payment has really put pressure on me and now I have to perform or me the wife and kids will be homeless...I can not let that happen. I will not let that happen. It is not always fun and it is a challenge, but it is exactly what I needed." By the way, I did not lose the house and I have used the "buy now, pay later" plan a number of additional times to get other things I wanted.
Because of the inherent risk involved, the "buy now, pay later" technique is not for everyone. But it is powerful motivation for those who are willing to use it.
Gharold, original author and creator of the infamous The Unclaimed Money Finders Guide - WSO, has published numerous other opinions you may or may not find interesting at The World According to GHarold.
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