5 {Secret} Ways to Finance Personal Development

Do you know how many times I’ve heard {or said} “I can’t afford that”??

 

Oh man, if I had a nickel for every time… I’d be able to afford everything I’ve ever wanted.

 

Almost one year ago, I hired my first coach and it was a huge investment. Like, HUGE. And I did NOT have the cash needed whatsoever, but I wanted it SO badly and KNEW so deeply that it was THE thing that would get me to the next level in my life that I knew I had to figure it out somehow.

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Since then, I have invested even more into my personal growth and development, and guess what – I have gained WAY MORE personally, energetically and spiritually than I EVER would have if the money had been sitting in my account (or my closet).

 

We give money SO MUCH of our power. We let it make decisions for us. We blame it for the choices we make. We use it as the basis for how happy or successful we are. And, friends, that’s a lot of pressure - no wonder why you feel like money is always running away from you… I would probably run away, too! It’s so empowering when you realize that money is actually just a tool that we use. It’s so empowering when you start realizing that money is really just a vehicle that you can use to get yourself where you want to go in life. When you make money work FOR you, you realize that actually, money isn’t ever out to get you. Further, you realize that money is not a scarce commodity. There isn’t a set amount of it in the world. It’s literally available to EVERYONE. But, you have to be willing and open to look at things differently.

 

As a coach, I have found, by far, that the biggest hurdle is helping someone overcome the limiting belief that they “can’t afford” coaching. Coaching is ALL about uncovering new perspectives and discovering new ways of doing things, and what I’ve found is that the stumbling block of “I can’t afford it” is actually the first lesson and the first opportunity for growth.

So with this in mind, I want to share the top 5 secret and unconventional ways that I have financed my own personal development.

 

**Mandatory side note: I am NOT an accountant. I am NOT a financial advisor. I am NOT a professional money-person in any sense of the word. I’m just a regular person who has actually done the following to help generate the cash flow I needed in order to finance the things that were really super important to me. If you have questions, I recommend speaking to an actual professional.**

 

Let’s dig in!

 

1.    I sold both my unwanted items and other people’s unwanted items.

 

When I first quit my fancy schmancy insurance-career to pursue coaching, I went through and decluttered my entire home. I sold jewelry that I hadn’t worn in forever to a local jewelry store, I brought household items and lower-end clothing to a local consignment shop and I sold the really good stuff on eBay and Poshmark.


Then, I realized that if I went to thrift stores, I could flip items for a nice little profit.


Did it take time? Yes. It took quite a bit of time, but I needed cash flow and it worked. I made an additional few thousand dollars over the course of a few months. Cha-ching!

 

2.    I cancelled all of the subscriptions that I no longer used or needed.

 

I went through and tallied up all of the useless subscriptions that I had been paying for but wasn’t using and I cancelled them. I don’t know about you, but I can never find anything good to watch on Cinemax, so buh-bye, Cinemax. Go through your credit card statements, take stock of what’s being automatically deducted and get rid of it.

 

3.    I took advantage of credit card sign-up bonuses.

 

If you have a decent credit score and can trust yourself with credit cards, there are some REALLY good bonuses out there. Last Spring, I was able to open one that offered $200 cash back after you spent $500 within the first 60-days. Apply that nice chunk of change to the balance and you can get $500 worth of personal development for only $300. Score!

 

4.    I use PayPal Credit to get 0% interest for 6-months.

 

I’m famous for this one. I L-O-V-E PayPal Credit. It’s how I financed my website. It’s how I have financed courses. But the key is always always always to pay off the balance BEFORE the 6 months is up, otherwise, you’re on the hook for the interest, and I just don’t like paying for interest.

 

5.    I took money out of my 401(K).

 

So this one can spark some strong opinions and judgements, but hear me out, k? I used to be in the mindset of “OMG, you took money out of your 401(K)?!?! Don’t you know how BAD that is?? OMG, that’s a horrible financial decision.”🙈

 

Here’s the thing: it’s MY money, and I can do whatever the heck I want with it.

 

Did I get a penalty for taking money out before I was 55½? Yup, I sure did. But was the penalty worth it? For me, YUP, IT SURE WAS.

 

I did a lot of soul searching surrounding this one, and what I discovered was that the money that was sitting there may have grown into an amount that would have contributed to a “comfortable” life 25 years from now… but what about life in the now-now?

 

And here’s the other thing, money is a renewable resource… time is not.

 

I knew, I just KNEW, that I would gain back more in the long run if I used that money to pave the road to my future instead of saving it only to look back and wish I had lived my life differently.

 

For me, the cost of a “comfortable” future was a happy and fulfilling now, and trading in the potential destination for the actual journey was far too big of a price to pay.

{Before doing this, DEFINITELY make sure you speak with a licensed professional regarding the tax and penalty repercussions.}

I say all of this not to convince you to do what I did in order to finance your own dreams, but I say it to show you that where there’s a will, there is always a way. There will ALWAYS be an opportunity to make more money, but there will NEVER be an opportunity to make more time. And in the grand scheme of things, what’s more valuable?


If you are ready to invest in yourself and dive deeper by working with me one-on-one, please schedule your free 20-minute clarity call here!

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