The title of this blog post contains six words my husband would have bet every nickel he had on never hearing me say. I am, to put it mildly, a saver. I remember counting the money in my Mickey Mouse bank every day when I was a kid. I got my first job at 17 years old for the sole purpose of opening a retirement account. At the present time, we have between us 1 ROTH IRA, 2 regular IRAs, and a Health Savings Account in addition to having 1 money market, 1 business, 1 escrow, and 1 checking account. Is this because we have tons of money to spare? Hardly. We live within or below our means and are what many term “fiscally conservative”. Hey, if you had the career ups and downs I’ve had (including eight months on unemployment while living in our studio apartment next to the insane asylum and, literally, on the other side of the railroad tracks), you would be, too. We’ve come along way, but we’re not far enough away to forget what it’s like to wish we had a bigger nest egg.
As we progress in our new business venture with Jordan Rubin and our team at Beyond Organic, we’ll be creating immediate and long-term passive income while adding another account to the mix: A Healthy Living Account. And we’ve already spent every single penny in it that we intend to earn.
The Concept of Spend Before You Earn
I am, needless to say, rather new to the concept of spending money that I have not yet earned. Until I met my husband, and for a while thereafter (and, if you really must call me out, still to this day, at least to some extent) I’ve had trouble spending money already sitting in the bank! I can tend to be a worrywart and I like to be prepared–very prepared–for the future. Still, I’ve loosened up thanks to Paul’s lessons of appreciating the fruits of one’s labor. It’s a lesson I’m still learning every day, and it’s one of the healthiest and most rewarding lessons I’ve ever been taught. In fact, I’d rank it right up there with dad’s lessons on saving. Spending and saving; yep, I’m covered.
But today, we’re spending money we haven’t yet earned. How? The key is that we’ve spent it only on paper (if a blog counts as such), and it’s predicated on meeting the goals we’ve set together.
Here’s how it works.
Spending For Your Health
Once you reach the rank of Vice President in Beyond Organic, you receive what’s called a Healthy Living Account (in addition to other commissions and bonuses) into which the company makes a monthly deposit of $200* which is intended for expenditures associated with healthy living. Knowing we will absolutely reach our goal and, as an exercise to show our commitment and confidence in reaching it, we have spent (on paper) our future $200 per month as follows:
- 10% Tithe — This is in addition to the amount our family contributes to the church and the several non-profits we routinely support. With an account intended for overall wellness, we couldn’t think of a better way to spend our money than to tithe as a way to give thanks for the many blessings in our lives. (What’s that you say? 20% would be a better way? Pipe down, peanut gallery. We’re starting with 10% but we’ll leave it open for negotiation.)
Breakdown: 10% of $200 = $20 per month
- 50% Massages — The boy’s back is in bad shape. With compliments and appreciation to Dr. Jaime Barnes for his chiropractic services, a massage also does wonders for loosening tension and relieving stress. We both deserve it, and we’re treating ourselves to one massage each per month.
Breakdown: 50% of $200 = $100 per month for 2 massages
- 0% Taxes — Typically, if you’re accounting for expenditures from income, you better account for taxes, but since paying taxes is our American duty but not exactly what we’d call a “wellness treat”, we’re going to leave out the tax duty here and levy it on our checking account at the end of the year from which all our other taxes are paid. That was easy!
Breakdown: 0% of $200 = $0
- 0% Savings — Again, it’s a good idea to save 10% or more of what you earn, but we do a good job of saving and so we’re going to leave that out of the equation.
Breakdown: 0% of $200 = $0
- 0% Food — While our family budget has shifted a bit as we’ve moved from fast and cheap to healthy and you-get-what-you-pay-for, we are truly redirecting our spending (who knew we spent that much on JUNK?!) and agreed that food costs should come out of the regular checking account.
Breakdown: 0% of $200 = $0
- 40% Professional Development Retreat — Every three months, we are committing to a two-day retreat (nothing too extravagant; we just have to get out of the house with no distractions) for personal and professional development. (Note: Do NOT confuse this trip with a vacation! We need those, too, and we take them. We love to cruise and we’ve been to a few Mexican resorts; we went to Europe this past summer; we visit NYC every other year, but vacations have their place and their budget, and this ain’t it.) Here are just a few of the things we’re looking forward to when we treat ourselves to a weekend getaway with a tangible purpose in mind:
- Relaxation, exercise, and thinking. Yes, you do have to make time to think. When’s the last time you stopped–actually STOPPED–to do it? Yeah. Me neither.
- Reading and journaling. I’m currently digging into Jordan Rubin’s “The Maker’s Diet”, plus I’m a big fan of Napoleon Hill (duh) and we’re also reading Jordan Adler’s “Beach Money” together, but it’s hard to turn a lot of pages when you’re balancing work + life. Plus, a key component of Adler’s success philosophy is journaling about your future life in present tense so we’re going to give that a go as well, but we’ll need some quiet time to do it.
- Goals, goals, and goals. Each quarter, we’ll review our goals and measure our successes (and misses) and then carefully set our goals for the following three months. This is a vital, and often missed, component of success.
Breakdown: 40% of $200 = $80 per month = $240 per quarter
So, there you have it. We’ve spent our Healthy Living Account and now can’t wait to actually experience the expenditures. We are more motivated than ever to reach our goals because we know exactly what’s waiting for us on the other side.
Go ahead. Spend it all NOW. I dare ya. And leave me a comment to let me know what you’re buying.
*Looking for the fine print? Here it is: the dollar amount contributed to the Healthy Living Account in Beyond Organic only goes UP as you go reach higher ranks. And the company also offers a list of service partners who offer their services–from chiropractic to massage and much more–for Mission Marketers at discounted rates. Pretty sweet, huh?