Truckers and Travelers

 Hello, Fellow Drivers,  Today I want to finish up with this two-part blog about debt.  For all the drivers that want to start a trucking business or want to prosper even more in their present trucking business, here are some more tips from Dan Kennedy’s book, “Wealth Attraction For Entrepreneurs”. 

Wealth Magnet 19 – Independence

Debt is EVIL because…

• Every dollar you being in is instantly diminished in value by its need to contribute to servicing your debt. 
• It compels you to do things you would otherwise not do.  Debt produces need.  Need is completely counter-productive.
• It leaves you vulnerable to Short-term competitive or marketplace challenges,, economic slumps, aberrant events (e.g. 9/11), etc. that you might otherwise painlessly withstand.
• It is habit-forming.  it is easy to get good at juggling debt, comfortable living in debt.  You can get so good at survival skills that they are in the way of developing success skills.
• It is a source of worry, anxiety, and frustration that interferes with wealth attractions, productivity , and even physical health.
• It lengthens the time required to get to your Financial Independence Number, sufficient assets and investments that you never need work or earn another dollar for the rest of your life.

Everybody needs to be cautious of need.  After all, if you ask most people why they go to work in the morning, they say, “to pay bills.”  Very high income people say the same thing.  And they are still slaves, just better dressed, because they are working for debt. 

Entrepreneurs need to be especially cautious of expanding need by piling on employees, infrastructure, overhead, people, places, and things.  bigger is not necessarily better.  More gross may not only produce less net but also may move you from master to slave before you realize it. 

Whether through debt-reduced or debt-free living, other strategies, psychological techniques, or all of the these things, I can assure you that the less you need the next deal, the next sale, the next client, or the next dollar, the easier it will be to attract all the deals, sales, clients, and dollars you could ever desire or imagine, times ten.

I hope you enjoyed the blog and that you come away with useful information for you trucking business.  Remember to be sage out there!