OolaGuru Blog

Guru of all things Oola. The old and wise one utilizes fun mixture of personal posts and picking the best the blog-o-sphere has to offer as he helps others in their pursuit of balance in all 7 F's of Oola: fitness, financial, family, field, faith, friends and fun. A fun ride for those pursuing a life of growth and balance in these key areas of health and well-being. He will be the first to admit that he by no means has it figured out, but will also let you know he has committed himself to figuring it out.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

The $2 That Is The Difference Between Financial Stress and Financial Freedom

Posted by on in OolaGuru Written Blog
  • Font size: Larger Smaller
  • Hits: 4472
  • Subscribe to this entry
  • Print

The topic of money can be stressful. In fact, in the US today, money fights and money problems are the number one reason for relationship breakdown and divorce.

Whether you like to talk about money or not, interacting with it is impossible to avoid. Mortgage, bills, gas, taxes, insurance, food all require money

In order to have money to spend, you have to make money; you need an income.  This is the money you earn.  And whether you earn a million dollars per year or minimum wage, the most important $2 you will earn is the same.  The most important $2 you will earn each month are the two dollars that take you from being a “dollar short” to a “dollar over.”

Think about it, if it takes you and your family $4000 per month to live, and you earn $3999, you are one dollar short every month and this deficiency, albeit small, will eventually lead to financial stress.  On the contrary, if you earn $4001 with expenses being $4000/month, you have a surplus, and you will never have to worry about having enough.

Obviously we encourage you to reduce your expenses and increase your income so your surplus is more than $1 per month.  In fact, the recommendation is try and work toward a budget that has a 15% surplus so you can adequately save, plan, and have greater peace related to money.

In my own personal journey, I have had many amazing experiences and bought my share of cool stuff.  Whenever I am asked to share my opinion on personal finance, I am quick to say that nothing I have ever purchased provides the fulfillment close to that having my finances under control.

Financial security is freedom. The key is to live beneath your means. Spend less than you make, avoid debt, save for the future, and you will be one step closer to your OolaLife.


Rate this blog entry:


Co-Author of "Oola: Find Balance in an Unbalanced World." Why listen to the OolaGuru? Need some street cred? Believe in "show me, don't tell me?" Some highlights:
OolaFitness: Ironman
OolaFinance: Completely debt and financially free by age 40
OolaFamily: Married 20+ years to his kindergarten classmate, 4 beautiful kids
OolaField: Formally retired at age 42. Now does only what he wants only when he wants to be
OolaFaith: Yet not the man he wants to be, but grateful he is not the man he used to be
OolaFriends: Let's just say he is networked
OolaFun: Travel is his passion. 53 countries and counting . . .