Delayed Gratification in Practice

With only a month to go before I can be credit card debt free. A year after I subscribed for my first credit card, I went to gadget store and saw this very cool gadget. I thought of making yet another purchase on credit in six months installment.

I asked for the price, and computed the monthly installment fee for six months... The gadget is new and is so up to date, it's not so expensive. I already know how it feels like to touch it, I can even smell the fragrance of its newly-opened box...

Luckily, I didn't have my credit card with me during that time. You see, you cannot spend what you don't have. It was I guess, a good idea to leave my credit card somewhere other than my wallet during that time. After a while and after all the emotions of excitement have faded, I thought that if I paid for the gadget for six months, by the time I finished paying my debt, that gadget has already fully depreciated. Good thinking?

Robert Kiyosaki, you know... From Rich Dad, Poor Dad said in one (or all) of his books... Goes something like this:

"When you say you can't afford something, your brain stops working"

With this in mind... I thought of other alternatives...

Beg for Money - From who? I don't have any other source of income other than myself. This was not an option for me so I go to the next alternative.

Save - I can save with the equivalent amount I would pay for monthly. By the time I reach the 6th month, the gadget price would already have decreased. I wouldn't be paying for interest, I could also probably buy online for even more discount.

Earn Extra - I do direct-selling organic beauty products to earn extra. I don't earn much from it, but if I really discipline myself I can raise half of the money I need in the same amount of time. I could also make use of my other skills such as my coding skills, web design, skills I learned in blogging, writing skills, art, music... What else?

When you want something, don't say I can't afford. Instead... Look for ways so you can afford it. Exclude getting into debt unless it will generate you more money and also pay your debt.

Evaluate your skills and imagine how you can make the money you need out of them. Like, selling lemonade when you were young (if you ever did, I didn't... But just to give you an idea).

You don't need to make a perfect hamburger to sell a hamburger. Be sure to write your ideas down.

I'll close this post with what an office friend would tell me... Reward should always come in the end.

Photo Credit: Julie Rybarczyk