Morning Cup of Joe – Rainy Day Fund

Rainy Day Fund
Save your money for a rainy day – You’ll have more rainy days than sunny ones, trust me.

One thing we can count on parents for is advice. The unfortunate thing about it is just because they offer up advice doesn’t mean that we’ll automatically accept it; sometimes the greatest lessons are the lessons that we learn on our own. One advice in particular comes from my father who even today continues to encourage me to “save your money.” That is one lesson that I had to learn the hard way.

I’m not quite sure what causes people to spend money frivolously. To buy things that we don’t really need. To accumulate things that adds no real value to our lives. To live beyond our means just to appear as if we have it all together. All the while we’re living paycheck to paycheck hoping that we can scrape enough to pay our mortgage or rent, car note, cell phone and other monthly expenditures. Aside from real property, do we really need all those depreciating assets that we’ve been accumulating?

If you haven’t done so already, it’s critically important that you begin to save a portion of your net income for a rainy day. You never know what tomorrow will bring but if you’re prepared for it then it can certainly soften the blow. Anything can happen at any time without warning and without notice. I’ve lost my job unexpectedly before. I’ve had unexpected car issues that cost thousands of dollars. I know folks who’ve experienced unexpected medical issues. My point is you never know what can happen which is why it’s important that you must prepare.

It’s not just about saving money; it’s really about transforming the way you think about money. I’m getting to a point where I try to focus mostly on my needs than my wants. That’s really the only way I can save money. I realized that most of my money was going towards things that I wanted and really didn’t need. Let’s be honest, how many shoes can one person have? It’s a rhetorical question but most of us are guilty of buying things just because we can with no consideration for the future. That has to change.

There’s no better time to start saving for a rainy day than right now. If you don’t have a rainy day fund, start one today. You never know, it may storm tomorrow.

To The Top!
Joe Paul
Motivational Thought Leader, Corporate Trainer & Keynote Speaker
Tel. :202.553.7718
Twitter : @JoePaulSpeaks

Morning Cup of Joe – The Seven P’s


During my undergraduate studies, I allowed my young impressionable mind to soak up lessons and words of wisdom from almost everyone I heard speak and nearly every book I read. I am a sponge; my daily goal is to try to soak up as much knowledge as I can. As for my collegiate years, one of the messages that stood out the most was “The 7 P’s”. The 7 P’s stand for “Proper Prior Planning Prevents Piss Poor Performance”.

Let’s break this down a bit. The “proper” in this phrase simply means that the plan you are enacting has been vetted thoroughly through a fail-proof process. Basically, have you thought this plan through? The “proper” ensures that there are very few possibilities for failure. The “prior” obviously deals with being sure to have a plan of action before going into action. The level of your performance is contingent upon the execution of your plan. Your “planning” must not only focus on the big picture. The best plans are ones that are detail oriented. It’s not enough to have a bird’s eye view of your plan; you must learn to drill down to the core of the plan in order to highlight its details. The devil is in the details.

In order to prevent piss poor performances, it is important that you remember to prior plan. We create many of the inevitable pitfalls we encounter by not being prepared. You don’t have to get ready if you stay ready. All plans are similar to roadmaps; while there may be traffic and unforeseen delays, if you don’t have directions, you may or may not get there.

If you don’t have a solid plan on where you are going, it will be impossible to get there.

To The Top!
Joe Paul