Posted September 19, 2018 in Uncategorized

What would you with one MILLION dollars if it was given to you?

What would you with one MILLION dollars if it was given to you?

Chances are, you ALREADY have been given a million dollars and you just aren’t aware of it. Or you WILL be given a million dollars at some point. Here’s the kicker though, you most likely won’t be given it all at once.

Here’s a fun story.

Between Christmas and New Year’s Eve I find some quiet space to sit down and contemplate goals for the upcoming year. I started this tradition in 2015. I set goals in a few categories: physical, relationships, finances, professional and spiritual.

When I was looking at goals for the financial category, I got to thinking … “I wonder how much money has come and gone through my hands in my working career?”. Well, it turns out you can find that out pretty quickly.

All you have to do is log on to the Social Security website, create an account with your social security # and voila. You can see your lifetime earnings as reported on your tax returns. That’s exactly what I did.

I wasn’t prepared for what I would find out.

At the time of doing this in 2015, I had earned $1,002,329 in my working career! GASP. I don’t know where you come from, but to me that’s a lot of money!

Like I said earlier, most people will be given a million dollars or they already have! Think about it. One million dollars is…
Earning $100,000 per year for 10 years.
Or earning $75,000 per year for a little over 13 years.
Or $50,000 per year for 20 years.
Or earning $25,000 per year for 40 years.

So after I looked up my earnings, I thought it would be a good idea to look up my wife’s earnings too! What a bad idea. She had pretty much earned the same as what I did up until that point. BUT WHERE DID IT ALL GO!??

We were B R O K E. Our net worth was a big negative number (BUT we had great credit scores … 🙂  ). I felt like a failure. I got angry, sad, frustrated, confused, you name it. As Christians our responsibility is to be a Steward for God’s money… we had been failing at that big time! Everything we thought we knew about how to manage money had gotten us in the place that we were and we didn’t like that place! So we knew we needed to do something different. We were tired of making good money but feeling broke and this was what put us over the edge…”I’VE HAD IT!”.

I remembered I had “The Total Money Makeover” book by Dave Ramsey at home. Truth be told, I started reading it several months earlier and never finished. We needed a plan and that was it. We took Financial Peace University at a church near us (our church wasn’t currently offering it).  And we haven’t looked back since!

Looking up our lifetime earnings on the Social Security website was the moment when I said “I’ve had it”! And things have changed DRAMATICALLY since then. We don’t have any consumer debt and we’re about 4-5 months away from paying off our mortgage. Completely. 24 years early!

Have you had that “I’ve had it moment”?

I’ve heard people say that change doesn’t occur until you’ve had an “I’VE HAD IT” moment. When you’re “sick and tired of being sick and tired”. That seems to be the catalyst for change!

Maybe you’ll read this before you’ll be given a million dollars and it will motivate you to be proactive in how you handle money. Money has a funny way of leaving your hands if you don’t have a plan for it! Or maybe you’re like us and you’ve already been given a million dollars and you’re disgusted with what you’ve done with it… trust me, it’s not too late to turn it around!