Fourth day

We are now going to start our fourth mission. Little by little, we are beginning our transformation. It is difficult, boring and painful. Any change brings discomfort, and consequently our mood changes and personal problems may start to arise. If you have children, a husband or any close relationship, they will also be affected by your financial change. Let's say that the people around you may not support you in this phase where you have to reduce your expenses in order to get rid of your debts. Your children will want to continue buying useless things, your friends will continue going out to parties and your husband may not understand that going to the movies will have to stop until your finances are under control.

So the task of the fourth day is to talk to the people around you and explain what your priorities are at this moment and how important this will be for everyone at the end of the process. Show your spreadsheet, don't be afraid to expose your reality. If the people around you really like you, they will help you and look for economic alternatives to continue having a good relationship. This could be an opportunity for you to get help from your family or friends, start a business and thus generate extra income. Your children will start to have more responsibility, perhaps look for a job or help with the housework, saving on housecleaning. United minds have more power. And if you don't have anyone to share your purpose with, try writing a daily diary about what you've been doing to save money and pay off debts. Every day, write a little, like: Today I went to Walmart to do the weekly shopping, I bought chicken instead of meat because it was cheaper, I didn't buy any sodas and I changed my shampoo brand to a cheaper one, I believe I saved $20. It seems ridiculous, but every penny counts, and putting this on paper will make you more focused, making your brain look for more alternatives to reach your final goal.

100 Club

Welcome to the 100 Club. Where in 100 days your financial life will undergo a transformation. Here we evolve day by day. We look for alternatives to reduce costs and create income for  people without many resources who are looking for a financial transformation. Together we can organize our debts and increase income. Day by day, without complications. Our goal is to change our financial situation in 100 days.

First Day

Today we begin our journey in search of transformation. It is not always easy to talk about this subject that bothers us so much. Many times we prefer to escape reality and continue living in this routine of spending more than we earn, until the day of collapse arrives. I know it is not easy for you and your family, just as it is not easy for me. For months I have been trying to stop and organize my expenses, but I always end up leaving it for later. The procrastination is sinking me deeper and deeper, and I know that this will take me to rock bottom. But amidst emotional conflicts, I will find ways to organize myself financially with you. Together we will change our lives.

First step: 
If we want to get our accounts out of the red, we first need to know exactly how big our debt is. What are our debts and how much do we need to pay them off? It seems simple, but it is not. Facing our debts and accounting for expenses can be a bit of a drag for some people, but we won't get anywhere if we don't take the first step. 
So today's task will be to write down all of your debts (credit cards, mortgages, car loans, student loans, in short, all of your obligations that you have)

I will present some debts as example, so you will understand bette. Just like you there are thousands of Americans and immigrants mired in debt in this country. According to financial experts, the percentage of Americans in debt is around 80%. Well, if you think you're doing badly, you can be sure that there are people much worse off than you.

Credit Card Apple        Balance $2.539,68

Credi Card PayPal       Balance $1.853,78

Credi negativo Paypal  Balance $3.250,00

Amex B   Balance $ 1.332,86

Amex A  Balance $4.738,77

Car Loan 1  Balance $29.391,08

Car loan 2  Balance $19.872,84 

Urgent pay Credi cards: $13.715.09

We already have a clear idea of ​​our commitments, so we can now draw up a plan to organize our finances. Although there is no standard and each person or family has different realities, we can design a structure that fits into anyone's life.

According to the example given, this person has several credit card debts. We do not know their income and whether they are able to cover this amount each month, but let's imagine that for most of the population this amount has already accumulated and only the minimum amount is being paid. This puts these debts on the URGENT payment list. What would that be? All your debts that are overdue or that you were unable to pay in full in previous months will go into the Urgent Payment list. Also, two car loans of medium amounts. But at first, we will focus on just eliminating overdue debts and credit cards, later we will look for alternatives for loans( house, car, boats etc...) 

So now you know what to do. Take a paper and write down all your debts. This is the first step. Make the urgent list ( Credi card, overdue bills)

And remember, you need to eliminate them as soon as possible. If you don't have any debts, congratulations. You are part of a small group that is already at a higher level than us. But keep reading. There are still very valuable lessons to come.

Cred

Second day

We already know the amount we need to pay off our debts, and for that to happen we must make some sacrifices. From today on, you will always have in mind the amount of your urgent debts. Wake up, go to sleep, dream about this amount; it may seem crazy, but think about it and make your mind look for alternatives to be able to pay this amount.

Our thoughts and strength of mind are capable of promoting incredible things in our lives. But don't forget that your strength of mind does this alone, lol.

Let's go to the first step: Reduce expenses.

If you want to have money left over to be able to pay off your debts, the first task is to reduce your expenses. From today on, until you completely eliminate the list you made yesterday, you cannot have superfluous expenses. In other words, let's work on a list of essential expenses.

We imagine that if you have children and have an active social life, your life probably requires almost daily expenses, such as paying for housing, food, clothes, travel, restaurants, etc. From now on, we will not spend money on frivolous things that are not essential for your survival.

Here is a list of everything that would be essential

Housing

Food

Study

Transport

Health

Housing: Rent, mortgage, electricity, water, telephone, internet)

Food: supplies to keep you alive, including drinks, vitamins, etc.

Study: College, children's school and courses

Transportation: car financing, fuel, tolls, etc.

Health: health plan, gym, medicines.

I need you to keep in mind what expenses are really necessary for your survival and that of your family. For example: Going to the supermarket to buy food for your meals is a necessary expense for your survival. Going to the supermarket to buy toys for the children or to buy candles from Bath & Body Works is definitely not essential. You won't die if you don't spend money on these things.

This sounds a bit overwhelming, but my mindset is the following: any expense I'm going to make, I first stop and think: do I really need anyone? Will we die if I don't buy or pay for it? Do I have another alternative? Anyway, make an effort and reflect, this won't be for the rest of your life and the rewards will come. You can change your life, but it's completely up to you. And learn to say no to expenses that aren't essential.

Third Day

Let's start by reviewing what we've learned so far. If we want to change our financial life, the first step is to pay off outstanding bills and debts that we pay interest on. To be able to pay them, we have to drastically reduce our expenses. We can't spend our income on superfluous things. We can only use our money for what is truly essential for our survival. So, whatever you buy, whether it's goods or services, remember to ask yourself if it's really necessary at this moment.

Now that we've reviewed, let's move on to our third day. Today's task will be to get rid of anything that makes you spend more than you have: "credit." Credit cards are an incredible tool for those who know how to use them. They give us cash back and give us purchasing power that we often don't have. And for those who don't have emotional and financial control, they end up becoming a destructive weapon. Today we're going to do a very simple task to help you identify how your expenses are currently.

Get the statement from all your cards for a period of 3 months. The last 3 months. Do not consider the accumulation of the previous statement or interest charges. Focus only on what you spent in the month.

If you do not use a credit card, you are already on the right track and are not spending more than you have, which is incredible. The vast majority of us right now are wondering why we spent so much on useless things. Yes, I just realized that I spent more than I earn just on purchases made with my credit card. That is terrible.

If you find yourself in this same situation, immediately stop using money that you do not have. My recommendation is that you keep your card in a safe place, away from your wallet of course. Hide it or ask someone to do it for you. I keep it in case something extremely urgent happens (for those who don't have an emergency fund, a credit card is an option).

Spend only on what is essential for survival, and do not use money that does not have "credit". Start using a debit card.