John Layfield’s e book “Have Extra Cash Now” which was printed in 2003, caught my consideration years in the past when he had been on CNBC giving monetary recommendation and even contributed to Fox Information. John Layfield is often known as JBL, and was knowledgeable wrestler; it was completely different seeing knowledgeable wrestler in a swimsuit giving a critical commentary about funds.
Layfield’s story is a bit completely different. He by no means needed to overcome being in debt, however he did undergo a few years of not having very a lot cash. In truth there have been loads of occasions when he had no cash. When he needed to give up enjoying soccer he received into skilled wrestling. Nonetheless, wrestling for him was removed from the glamour you see on tv. He was paid $3.00 for one match when beginning out. Generally he made $10.00 or $25.00 for a match. He offers an incredible account of the struggles he went via whereas attempting to make it within the wrestling enterprise.
John Layfield would not point out in his e book if he consciously made selections when he was youthful that stopped him from accumulating debt. He simply did not spend cash he did not have. As he says many occasions within the e book when referring to delayed gratification “have when you may have”. If he needed to dwell in a tent or go with out warmth he would do it. He solely purchased the requirements he wanted with the cash he had. Lots of the promotions he labored for would supply him some form of meager lodging whereas he wrestled for them, however he wasn’t making a lot cash in any respect again then. By residing solely on no matter money he earned he saved himself from the issues of amassed debt.
A number of the classes realized in “Have Extra Cash Now” by John Bradshaw Layfield
-Overlook the previous. Concentrate on the longer term. No matter occurred up to now can’t be modified. Quite than sweating over what it’s best to have executed, concentrate on what you can begin doing now. How will you scale back your bills, enhance your revenue, or enhance your monetary schooling?
-Do not be common. Do what you care about and excel at it. If you’re doing what you wish to do, you’ll work at it a lot tougher and that keenness dramatically improves your probabilities of being profitable.
-Delayed Gratification (“Have when you may have”) Layfield careworn “residing inside your means” many occasions and he definitely practiced what he preached. For years he struggled to make sufficient cash simply to purchase fundamentals. Though occasions have been onerous he by no means went into debt shopping for issues he merely needed. A part of his success got here from avoiding the entice of debt.
-Poor selections and behaviors will trigger debt. Layfield says, “The important thing to being out of debt is to first cease incurring debt”. Outdated habits generally tend to guide you into spending greater than you have to be.