In today’s show Aaron Walker discusses financial trouble and what he did and what you can do too in order to get out of it.
Stress and Financial Trouble
Aaron shares a story about a father who comes home late from work and he apologizes for being late. He’s not giving attention to his kids or his wife due to the amount of work he needs to do. He is thinking this because of the bills he needs to pay and thinking that if he works harder he can get out of this vicious cycle.
“I was sitting at our kitchen table paying our bills, we didn’t have any children yet and literally started crying. Robin asked what was wrong and I told her we can’t pay our bills, we don’t have enough money to pay our bills.” - Aaron Walker
What Do You Do?
When your business is doing well and making money, you start to think that you can handle everything until the business slows down and you can’t. Aaron and his wife took all of their credit cards that they were using and put them in an envelope, sealed it and took it to the bank and they have been there for over 30 years unopened. Best decision the Walker’s ever made.
“You always default back to the path of least resistance.” - Aaron Walker
Over-Extended, Lack of Priorities
Sometimes we find ourselves over-extended and our priorities are all messed up. According to Big A this leads to a vicious cycle of catching up and deciding to pay this or that. In his younger years there were times when Big A put money in front of his family and that caused incredible stress on him. That’s reactive living. That’s living outside of your means. Big A got rid of his credit cards, started living within his means, delayed gratification, and began to be proactive with his finances. Since then, he’s been able to be much more present and connected with his family. In short, he has his priorities in order.
“It will allow you to be more present with your family at home. You won’t feel the need to do one more email, one more client, I just have to close this deal so I can make that payment. Be proactive not reactive. Build some boundaries today and take your life to the next level.” - Aaron Walker
If you could use some help getting your priorities in order, I want to welcome you to Iron Sharpens Iron mastermind. You can read all about it and fill out an application at viewfromthetop.com
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