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BUDGETING IS MORE LIBERATION

THAN LIMITATIONROSHAWNNA NOVELLUS AND

ROOSEVELT J. SCALES

Budgeting Is More Liberation Than LimitationCopyright © 2015 Novellus Financial

All Rights Reserved. Published 2015. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. For permission requests, write to the publisher, addressed “Attention: Permissions Coordinator,” at the address below.

First published by Novellus Financial

ISBN 978-1-939761-36-1

Printed in the United States of AmericaNovellus Financial931 Monroe Dr., Suite 102 #223Atlanta, GA 30308EEE<=D3::CAM</<17/:1=;www.thewealthyyogi.comwww.BudgetingLiberation.com

The contents of this book are for educational purposes and nothing contained herein should be con-AB@C32�/A�M</<17/:�/2D713�*63�7<4=@;/B7=<�>@=D7232�7<�B67A�0==9�7A�<=B�/�1=;>:3B3�/</:GA7A�=4�3D3@G�material fact for all individuals. Opinions expressed are subject to change without notice. Statements of fact cited have been obtained from sources considered reliable. No representation, however, is made as to the completeness or accuracy of any statement or numerical data.

This publication may include technical or other inaccuracies or typographical errors. Author assumes no responsibility for errors or omissions in this publication or other documents referenced by or linked to this publication or the related website.

�C253B7<5�/<2�M</<17/:�>:/<<7<5�@3?C7@3�7<�23>B6�@3D73E�=4�/::�/@3/A�=4�/�>3@A=<LA�:743�/<2�M</<13A�7<�order to provide appropriate advice. Such analysis and review are not possible in a book format, but the principles herein are believed to be foundational in nature and are a starting point for gaining knowledge about budgeting.

(3/23@A�/@3�3<1=C@/532�B=�A339�M</<17/:�/2D713�4@=;�1=;>3B3<B�>@=43AA7=</:A�7<�B63�M</<17/:�>:/<-<7<5��7<D3AB;3<B�/2D7A=@G��:35/:��/<2�7<AC@/<13�/@3</A�A=�B6/B�B63�A>317M1�23B/7:A�=4�B637@�A7BC/B7=<A�1/<�be considered as a whole. This publication is provided “as is” without warranty of any kind, either 3F>@3AA�=@�7;>:732��7<1:C27<5��0CB�<=B�:7;7B32�B=��B63�7;>:732�E/@@/<B73A�=4�;3@16/<B/07:7BG�/<2�MB<3AA�for a particular purpose or non-infringement.

In no event shall authors be liable for any damages whatsoever, including without limitation, special, incidental, indirect, or consequential damages of any kind, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use of information in this publication.

Nothing contained herein is, in any way, a guarantee or assurance that following strategies outlined 7<�B67A�0==9�E7::�1@3/B3�M</<17/:�AC113AA�=@�A31C@7BG��/<2�@3/23@A�A6=C:2�C<23@AB/<2�B6/B�B63G�/@3�responsible for the actions they take or do not take as a result of reading this book.

CONTENTSAcknowledgments........................................................................................1Epigraph.........................................................................................................3Our Principle Foundation..........................................................................5

Part One: To Know, Not Guess................................................................9 Chapter 1: Resource Discovery................................................13 Chapter 2: Gathering Experience............................................23 Chapter 3: From Data to Knowledge.....................................33

Part Two: To Plan, Not Hope...................................................................41 Chapter 4: Shifting Your Perception.........................................43 Chapter 5: Hands-On Budget Planning...................................51 Chapter 6: Wise Habits..............................................................75

Part Three: To Liberate, Not Limit..........................................................81 Chapter 7: Every Dollar Matters..............................................83 Chapter 8: Continue to Conquer.............................................89

Thank You...................................................................................................92About the Authors....................................................................................93-6/BLA�%3FB��Resources....................................................................................................97

ACKNOWLEDGEMENTSThroughout my life, there have been individuals who have supported me wholeheartedly without expectation. You are true examples of Metta: Joyce, Gail, Duane, Yvonne, and Carver.~ Roshawnna

One plants, another waters, and God gives the increase. Thank G=C�B=�/::�E6=�6/D3�7<NC3<132�;G�>/B6�/<2�;G�5@=EB6��3A>317/::G�Mommy, Pops, Sad, Tops, J, Elle, Dellie, Q, Isaac, and Henock.~ Roosevelt

EPIGRAPH“The aim is to cultivate your ability to plan your life around your resources to achieve your goals.” – R. Scales

5

OUR PRINCIPLE FOUNDATION: TO LIBERATE, NOT LIMIT

I4�G=CL@3�:793�;=AB�>3=>:3��G=C�A>3<2�/�:/@53�>=@B7=<�=4�G=C@�:743�working. You exchange time and expertise for the opportunity to lead the life you desire. However, simply working and receiving

/<�7<1=;3�7A�53<3@/::G�<=B�AC4M173<B�B=�1@3/B3�G=C@�723/:�:743��B@C3�liberation.

Accomplishing true liberation requires disciplined planning, inte-5@/B32�E7B6�G=C@�M</<13A�/<2�:743ABG:3

Using a budget to direct your lifestyle is imperative because plan-<7<5�� E7A3� 2317A7=<�;/97<5�� /<2� 27A17>:7<3� 2=<LB� 23D3:=>� </BC@/::G��they must be cultivated.

The budgeting process is the framework used to convert opportu-nities into successes through planning. Therefore, budgeting is the 3AA3<B7/:�=CB:7<3�7<�B63�>/B6�B=�M</<17/:�:703@/B7=<

*63�=D3@/@167<5�M</<17/:�5=/:�7A�B=�A>3<2�:3AA�B6/<�E6/B�G=C�3/@<��using the excess to reduce debt, save, and invest. This concept is A7;>:3�B=�5@/A>�0CB�274M1C:B�B=�/11=;>:7A6��7B�B/93A�27A17>:7<3��C2-53B7<5��:793�27A17>:7<3��7A<LB�/0=CB�23<G7<5�G=C@A3:4��0CB�037<5�/0:3�B=�do and have what you want and accomplish your goals without fear, uncertainty, or limitations.

Eating balanced meals takes effort. Exercising takes effort. Aligning your life with your budget also takes effort. Achieving any goal re-quires the proper balance of input and output. You know the basic

our principle foundation: to liberate, not limit

6

@3?C7@3;3<BA�=4�63/:B6��0=B6�M</<17/:� /<2�>6GA71/:�� 0CB�E7B6=CB� /�roadmap it is easy to veer off the path.

*67<9�=4�0C253B7<5�/A�G=C@�@=/2;/>��G=C@�5C723�B=�@3/167<5�G=C@�23A7@32�23AB7</B7=<�=4�M</<17/:�:703@/B7=<�

��/B142A�6@�.�I;.;06.9�=9.;;6;4� =?<02@@�/.@21�<;�2@A6:.A2@�<3� 6;0<:2�.;1�2E=2;16AB?2@�3<?�

.�@2A�=2?6<1�<3�A6:2�

4�G=C�/@3�A3397<5�M</<17/:�4@332=;�B=�2=�/<2�6/D3�E6/B�G=C�E/<B�in life, this book is for you. You might have tried other ways to accomplish your goals only to realize you have no plan and few M</<13A�B=�63:>�G=C�/11=;>:7A6�G=C@�2@3/;A��G�:3/@<7<5�B63�0/A71�process of budgeting and how it can help liberate you from lack, fear, and uncertainty, you will discover that you truly can accomplish all that you dream of.

Previous generations were happy with getting a job at a stable com-pany and working there for 20+ years. However, the Millennials who make up the workforce of today could have as many as 15 to 20 jobs over the course of their working lives, according to the Future Workplace “Multiple Generations @ Work” survey. In fact, data published by the Bureau of Labor Statistics in 2012 reveals that peo-ple between the ages of 25 and 34 stayed at their current jobs for only 3.2 years on average. Therefore, the “new normal” for younger >@=43AA7=</:A�7A�B=�:7D3�M@AB��/<2�E=@9�B=�AC>>=@B�/<�723/:�:743ABG:3�No matter what you want, you can make it happen by incorporating into your lifestyle the discipline of a budget.


7

My concept of freedom is a happy life achieved through proper diet, MB<3AA��:=D7<5�@3:/B7=<A67>A��3<@7167<5�B@/D3:��63:>7<5�>3=>:3��/<2�@C<-ning a successful business. Each of these components is integrated into my life to provide a sense of purpose, love, achievement, and contentment.

Budgeting, throughout my life, has enabled me to craft the freedom I have now. For example, I recently took a break from my work life B=� B@/D3:� B=�*6/7:/<2� 4=@�/�G=5/�@3B@3/B� <� B63�>/AB�� LD3�/BB3<232�conferences for various intellectual pursuits, such as tax law and algorithm development, as well as traveled around the world via ship for four months to learn about various cultures and my true self. I have even moved to a new city without external employment.

�03:73D3�G=C�1/<�03<3MB�4@=;�;G�3F>3@73<13A�/<2�>@/1B713A�23;=<-strated in this book. I hope this teaches and inspires you to achieve M</<17/:�4@332=;

You too have your vision of an ideal life. This book is designed to /72�7<�B63�/1673D3;3<B�=4�G=C@�M</<17/:�:703@/B7=<��/A�23M<32�0G�G=C�

'@=>3@�M</<17/:�>@3>/@/B7=<�2=3A<LB�@3?C7@3�/<�/2D/<132�M</<17/:�education or specialized classes. The information shared in this 0==9�7A<LB�274M1C:B�B=�2753AB��0CB�7A�>/@/;=C<B�7<�/1673D7<5�M</<17/:�freedom. Every step takes you closer to your ultimate goal. *=�C<23@AB/<2�E6/B�M</<17/:�4@332=;�;3/<A�B=�G=C��/A9�G=C@A3:4�• -6/B�2=� �E/<B�=CB�=4�:743�• -6/B�7A�;G�723/:�>6GA71/:�3<D7@=<;3<B�• -6/B�7A�;G�1=<13>B�=4�/�0/:/<132�:743�• -6/B�/@3�;G�:743�>@7=@7B73A�• �=E�;C16�;=<3G�E7::� �<332�B=�:7D3�;G�723/:�:743�• �=E�/<2�6=E�A==<�1/<� �53B�B63@3�


8

.=C@�M</<13A�A6=C:2�@3N31B�G=C@�:743�5=/:A�*63A3�5=/:A�;/G�7<1:C23�:7D7<5�7<�/�13@B/7<�17BG��6/D7<5�A>317M1�B/<570:3�7B3;A��3<8=G7<5�13@B/7<�experiences, learning, achieving career titles or designations, making /�A>317M1�7<1=;3��=@�/BB/7<7<5�=B63@�3:3;3<BA�B6/B�23M<3�4@332=;�/<2�G=C@�723/:�:743ABG:3��C253B7<5�7A�G=C@�>/B6�B=�M</<17/:�:703@/B7=<�

�B142A6;4�1<2@�;<A�.11� 96:6A@��6A�?2:<C2@�A52:�

Use this book, and the budgeting insight it gives you, to be the mas-B3@�=4�G=C@�23AB7<G��=<A723@�G=C@�M</<17/:�5=/:A��D7AC/:7H3�G=C@�723/:�lifestyle, plan for it, and take action to experience it.

Good luck, and happy reading!

Sincerely,

Roshawnna Novellus


9

PART ONE: TO KNOW, NOT GUESS

“The eye sees only what the mind is prepared to comprehend.”

– Robertson Davies

T63�M@AB�AB3>�B=�M</<17/:�:703@/B7=<�7A�9<=E:3253��11=@27<5�to a 2014 report by the Corporation for Enterprise De-velopment (CFED), nearly half of the American population

is “liquid asset poor,” meaning they have less than three months worth of savings. In addition, a June 2014 Bankrate survey reported that 26 percent of Americans have no emergency savings.

-6G�7A�B67A�7;>=@B/<B��31/CA3�6/D7<5�;=<3G�=<�6/<2��:7?C72�/A-A3BA��7A�1@7B71/:�4=@�;/</57<5�:743LA�:7BB:3�3;3@53<173A��7<1:C27<5�>/G7<5�bills following a job loss, as well as covering the cost of unexpected repairs, funding health care expenses, and taking a vacation, among other things.

$/<G�>3=>:3��E63<�/A932�B=�/AA3AA�B637@�1C@@3<B�M</<17/:�>=A7B7=<��generally are uninformed, assess their position as subpar, or admit B6/B�B63G�1=C:2�03<3MB�4@=;�M</<17/:�32C1/B7=<

Unfortunately, many people do not take the necessary steps to do E6/B�B63G�1/<�B=�7;>@=D3�B637@�M</<17/:�A7BC/B7=<��/<�G=C�@3:/B3�B=�B67A�� 4�A=��7BLA�B7;3�G=C�B/93�AB3>A�B=E/@2A�M</<17/:�:703@/B7=<�/<2�AB/@B�:7D7<5�B63�:743�G=CLD3�033<�2@3/;7<5�/0=CB

Financial liberation is achieved not only through income accumula-tion, but by also practicing expense reduction and debt elimination.

part one: to know, not guess

10

4�G=C�2=�<=B�9<=E�G=C@�1C@@3<B�M</<17/:�>=A7B7=<��7B�7A�7;>=AA70:3�for you to live your ideal lifestyle or to properly plan your future, regardless of your economic status. Therefore, you must under-AB/<2�G=C@�1C@@3<B�M</<17/:�>=A7B7=<

When clients come to me for help with achieving their dreams, I ask B63;�B=�B3::�;3�B637@�<3B�27A>=A/0:3�7<1=;3��E6716�7A�23M<32�/A�B63�difference between their income and their expenses. Often, clients 5C3AA�/B�B67A�M5C@3� �/:A=�/A9�B63;�B=�E@7B3�2=E<�B637@�7<1=;3�/4B3@�taxes and expenses to verify that their net income is correct. As G=C�1/<�7;/57<3��;=AB�=4�B63�B7;3��B637@�/1BC/:�M5C@3�7A�;C16�:=E3@�than what they initially guessed.

$2A��6@=<@./92� ;0<:2�� ;0<:2��E=2;@2@

Here is the problem. Say Vivica (not her real name) wanted to save $5,000 to take off of work for six weeks and spend time traveling to South America. She thinks she could save $500 per month for 10 months to do so. But based on her income and expenses, she ac-tually only has $300 per month to save. This could be problematic for two reasons:

1. If she actually saved the $500 per month, either one (or more) =4�63@�07::A�E=C:2�5=�C<>/72��=@�A63�E=C:2�<332�B=�>C::�B63�/227-tional $200 from someplace else, meaning another need would go unmet, and she would most likely turn to increased credit 1/@2�230B�B=�M::�B63�5/>�


11

2. If the savings were just based on the remaining income of $300 per month, Vivica would have to save for 16+ months. There-fore, she would have to adjust her planning and timeline.

Hence, knowing and not guessing is essential for being able to plan for goals appropriately.

For budgeting to work and get you to true liberation, you must include all known expenses, not just some. For instance, you may include your transportation, housing, and grocery budget, but may <=B�7<1:C23�G=C@�3<B3@B/7<;3<B�=@�4C<�3F>3<A3A�*6/BLA�<=B�5=7<5�B=�amount to an accurate budget.

To budget is to plan. To plan is to value your impact on the circum-stances. In the budgeting process, you must know, not guess, your numbers. Knowledge is the beginning of liberation.


13

CHAPTER 1: RESOURCE DISCOVERY

“By failing to prepare, you are preparing to fail.” – Benjamin Franklin

Reviewing and knowing your current income and expenditures provides the foundation for the estimates you need to com-plete your budget.

THE RED CARPET GIRL

Kayla liked to purchase VIP access passes each time she attended a nightclub or concert. She enjoyed dressing up and being seen at high-end venues, but she also wanted to have a comfortable place to sit and relax while eating delicious food and watching the crowds. The passes cost $1,000 a pair.

chapter 1: resource discovery

14

I asked Kayla how often she purchased these passes. Over the course of a year, she explained, she would purchase the VIP package at least 15 times, resulting in a $15,000 entertainment expense.

As we reviewed her goals, Kayla mentioned that her desire was to pay off a $15,000 loan. I showed her that she already had the money in her budget to pay off the loan without working extra hours. By simply decreasing the number of VIP packages she purchased in a year, she could pay off the loan quickly. Kayla was shocked to learn this, as she had previously thought that paying off the debt was nearly impossible.

�3F>:/7<32�B6/B�A63�272<LB�6/D3�B=�57D3�C>�=<3�7;>=@B/<B�B67<5��B63�VIP passes) for another (paying off the debt). All she needed to do was shift her priorities for a time so she could responsibly reach a M</<17/:�5=/:�/<2�AB7::�:7D3�B63�:743ABG:3�A63�E/<B32��G�9<=E7<5�63@�income, expenses, and goals, and not guessing at them, Kayla was able to achieve an important goal.

The lesson here is to make sure the lifestyle priorities you set are 7<�/:75<;3<B�E7B6�G=C@�M</<17/:�>@7=@7B73A�

ESTIMATINGThe estimation process consists of evaluating actual and potential sources of income and expenditures, then planning accordingly. �3@3LA�6=E�7BLA�2=<3�(3D73E�G=C@�0/<9�AB/B3;3<BA�/<2�1/B35=@7H3�the activity by using three categories:

1) Fixed expenses 2) Variable expenses3) Income


15

FIXED EXPENSE��MF32�3F>3<A3�7A�A=;3B67<5�G=C�>/G�4=@�=<�/�@35C:/@�0/A7A�B6/B�7A�the same cost each time. A good example of this is your rent pay-ment. For most people, the monthly rent is the same from month to month, although it could change from one year to the next, de-pending on whether the landlord decides to increase it.

�6E21��E=2;@2�)./92�

#<;A5 '2;A��E=2;@2January $1,200

February $1,200

March $1,200

April $1,200

VARIABLE EXPENSEA variable expense is something you pay for on a regular basis, but the cost is often different depending on certain activity. An example of this is your heating bill. In the summer, the bill is typically lower than in the fall and winter months when you use the heat more often.

+.?6./92��E=2;@2�)./92

#<;A5 �2.A6;4��E=2;@2August $25

September $32

October $67

November $98

December $146


16

INCOMEYou receive income in exchange for your work or as a result of your investments of time and effort. This generally refers to mon-ey received on a regular basis, but is not exclusive to this notion. Unemployment payments, taxable scholarship income, alimony, and A=17/:�A31C@7BG�03<3MBA�/:A=�4/::�C<23@�B63�7<1=;3�1/B35=@G��/A�2=�sale of products you produce and/or distribute, services you pro-vide as an entrepreneur or as a side gig, or money earned from investments.


LIFESTYLE STORY OPTIMIZING FAMILY LIFE

James was making $40,000 per year, and his wife Jan made $35,000. Two college graduates with a household income of $75,000 provided a decent living in Southern California. They had two cars, an expensive apartment, and relative freedom in their spending habits. Then they got pregnant.

)C223<:G��B63@3�E3@3�/�43E�>/B6A�B=�16==A3��B63G�1=C:2�MB�the baby into their lifestyle or they could change their life-style for their baby. Under this umbrella was a mix of op-tions with different costs, some of them being: nursing vs. formula, homemaking vs. daycare/family, and working from 6=;3�DA�E=@97<5�4@=;�B63�=4M13�

Jan had always dreamed of being a stay-at-home mom, so she and James decided to change their lifestyle for their baby.

17

-7B6�B63A3�23M<7B7=<A�3AB/0:7A632��G=C�/@3�<=E�@3/2G�B=�1/B35=-@7H3�/<2�=@5/<7H3�G=C@�0/<9�AB/B3;3<BA�*316<=:=5G�6/A�A7;>:7M32�this task via online banking. Statements can be downloaded to your >@=5@/;�=4�16=713��$71@=A=4B��F13:��),�M:3A�037<5�B63�;=AB�1=;-mon. By downloading these statements, you can look at all of your expenses and income sources in one place.

Start with one month of data. This process may initially be over-whelming, but it is worth the effort, and will quickly become fairly easy and routine. Starting with just one month will keep the data to a minimum.

The following example shows two tables: Financial Data illustrating debits and credits you may experience during a two-week peri-=2�=4�B7;3��7<1:C27<5�AB/<2/@2�1/B35=@73AI7<1=;3��MF32�3F>3<A3A��D/@7/0:3�3F>3<A3A��/<2�:7/07:7B73A��/<2�/�'7D=B�*/0:3�E6716� 7<271/B3A�/;=C<BA� /::=1/B32� B=E/@2A� 7<1=;3�� MF32� 3F>3<A3A�� D/@7/0:3� 3F-pense, and liability for the same time period.


They made it work with one car in support of a larger goal. James also focused more at work, planned more, thought about money, and revamped his resume in an effort to ex-cel and make this lifestyle work. As a result of stewardship, budgeting, and promotions, they were able to afford a new car, move two miles from work, and still enjoy their lifestyle as parents.

They learned what was important: Jan raising the baby and James providing was what worked for them. Ultimately, they achieved their goal.

18 chapter 1: resource discovery

�E.:=92�6;.;06.9��.A.�)./92� �

Date �:<B;A �.A24<?F �2A.69@6/30/2014 ($77.83) Fixed Insurance

6/29/2014 ($120.65) Liability Student Loans

6/29/2014 ($350.00) Liability Car Note

6/29/2014 ($200.00) Variable Grocery Store

6/29/2014 ($50.00) Variable Dinner Date

6/28/2014 ($55.00) Fixed Cell Phone

6/28/2014 ($1,200.00) Liability Mortgage

6/28/2014 ($150.00) Variable Gas

6/22/2014 $3,500.00 Income Paycheck

6/21/2014 ($45.00) Fixed Gym

6/20/2014 ($45.00) Variable Utilities

6/19/2014 ($65.00) Fixed Amusement Park Pass

6/18/2014 ($75.00) Fixed Cable/Satellite

6/18/2014 ($125.00) Variable Credit Card Payment

&6C<A�)./92�

�.A24<?F �:<B;AFixed ($318)

Income $3,500

Liability ($1,671)

Variable ($570)

Net Income $942

19

ASSIGNMENT:All assignment resources can be found at http://budgeting-liberation.com/resources

1. Visit: http://budgetingliberation.com/resources and click on budget book examples to download blank copies of the AB/<2/@2�M</<17/:�16/@BA�A6=E<�=<�>@3D7=CA�>/53��7::�7<�your own income and expenses to get a general snap-A6=B�=4�G=C@�M</<17/:�>71BC@3• How would you further categorize your expenses

/<2�:7/07:7B73A�• -6716�3F>3<A3A�/<2�:7/07:7B73A�1/<�03�/28CAB32�3/A7:G�

2. Download the Needs vs. Wants Worksheet shown on next page. In the left column, list your wants, and use the right column to list your needs. Use the following 23M<7B7=<A�• Want: Something that is desired, but not necessary

to live.• Need: Something that is necessary to live a healthy,

productive, enjoyable life.

3. Review each element in the list and ask yourself if you could survive without the items in the Wants column for 3 to 6 months. When answering the question, consider how the item plays a role in maintaining your livelihood. Also, decide how the item supports your sense of peace, health, and well-being. Make adjustments as necessary.


20

4. Go through each item in your Needs column and list the approximate cost for the item.

5. Review each item in your Wants column and assign the approximate cost.

6. Answer the following questions:• �@3�/::�=4�;G�<332A�4C::G�4C<232��=E�1/<� �@3/::=1/B3�

spending from the Wants column to pay for more 7B3;A�7<�B63�%332A�1=:C;<�

• �=� �6/D3�/<G�=CBAB/<27<5�230B�=@� :7/07:7B73A�� 4� G3A��which items in the Needs column can be postponed, discounted, or adjusted so I can apply that money to >/G�2=E<�B63�:7/07:7B73A�

,.;A@�C@��$221@�)./92 ,.;A@ �==?<E�

�<@ANeeds �==?<E�

�<@A

A Porsche Roof Over Our Head(aka pay the mortgage)

An Electric Fireplace

Groceries

A New Desk (even though the one I have now is per-fectly acceptable)

Get An Oil Change

Crown Molding Cat Litter

Mega Millions Lottery Ticket

Using a new Needs vs. Wants Worksheet, rank the list of


21

needs and wants in order based on the monthly cost of 3/16��=3A� B63�M</:� @/<97<5� @3N31B� B63�>@7=@7BG� B6/B�3/16�7B3;�6/A�7<�G=C@�:743�

Now that you have discovered these resources, you can im->@=D3�G=C@�>3@A=</:�M</<17/:�>=A7B7=<�B6@=C56�>:/<<7<5�/<2�action. For example, canceling an unused $15 per month service and investing that money or using it to pay down debt could be an option for achieving your lifestyle goal. �:B6=C56��/<<C/::G�2=3A<LB�A33;� :793�;C16�� 7B�1/<�03�used for a vehicle maintenance expense, addition to an in-vestment fund, holiday or birthday gifts, or even to pay down a small debt.

"<=E:3253�=4�G=C@�>3@A=</:�M</<17/:�>=A7B7=<�7A�/�D/:C/0:3�resource, whether your goal is to pay your credit card bal-ance or to take a weekend trip. This is the beginning of your 0C253B�7<�/1B7=<��B63�0357<<7<5�=4�G=C@�8=C@<3G�B=�M</<17/:�liberation. The same process can be done with your invest-ment and retirement accounts. The goal is to understand G=C@�1=;>:3B3�1C@@3<B�M</<17/:�>=A7B7=<


22 chapter 1: resource discovery

FINAL THOUGHT*63�8=C@<3G�B=�M</<17/:�:703@/B7=<�0357<A�E7B6�C<23@AB/<27<5�G=C@�1C@@3<B� M</<17/:� >=A7B7=<� �/D7<5� >@/1B71/:� 7<A756B� 7<B=� G=C@� >3@-A=</:�M</<17/:�A7BC/B7=<�7A�7;>3@/B7D3�4=@�;/</57<5�G=C@�;=<3G�/<2�:7D7<5� B63� :743� G=C� E/<B�-63<� G=C� 2=<LB� 9<=E� E63@3� G=C� AB/<2�M</<17/::G��G=C�:7;7B�G=C@�/07:7BG�B=�03�G=C@�03AB�A3:4��G�B/97<5�B63�time to understand and recognize things like current and specula-B7D3�7<1=;3��MF32�/<2�D/@7/0:3�3F>3<A3A��/A�E3::�/A�:=<5��/<2�A6=@B�term liabilities, you are liberating yourself and making it possible to pursue your dreams.

100

CONGRATULATIONS ON FINISHING THIS BOOK! Did you know you are now one of a tiny minority of people who 6/D3� 7<D3AB32� B7;3� 7<B=� 7;>@=D7<5� 1/A6� N=E� 0G� :3/@<7<5� 6=E� B=�0C253B�>@=>3@:G��* %.�;7<=@7BG� ��=E3D3@��9<=E:3253�E7B6=CB�application is useless.

4�G=C�/@3�:793�;=AB�>3=>:3��G=CL::�>@=0/0:G�6/D3�/�E6=:3�0C<16�=4�questions that you still need help with and you perhaps need some 63:>�7;>:3;3<B7<5�A=;3�=4�G=C@�9<=E:3253� �B=B/::G�53B�B6/B�*6/BLA�why I regularly host or speak at a variety of events, all over the 1=C<B@G��1=D3@7<5�0C253B7<5��B/F�7AAC3A��/<2�=B63@�7;>=@B/<B�M</<-cial disciplines.

If you would like to see my latest schedule of workshops and oth-er events just go to: 5AA=�DDD�A52D2.9A5FF<46�0<:D<?8@5<=@�2C2;A@

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101

Dr. Roshawnna Novellus

')��72�G=C�9<=E�B6/B� �C>2/B3�B67A�0==9�@35C:/@:G�� 4�G=C�E=C:2�like to be kept informed of when new editions are published, please send an email to 6;3<�;<C299B@I;.;06.9�0<:�

budgeting is more liberation than limitations3.amazonaws.com/wealthyyogi5steps/budgeting_is...jobs...

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