Drug testing

The ONE Law You Should Be Breaking

There is a law all smart people break.

Parkinson's law.

Parkinson's law states that "work expands so as to fill the time available for its completion." It was first coined by C. Northcote Parkinson in the book Parkinson's Law: The Pursuit of Progress.

A common derivation of that is "expenses rise to meet your level of income." Has that happened to you? It happened to me in 1991 and I'm particularly aware that it could happen to me again in 2005.

In 1991 I took my BS in finance and started a carpet cleaning business...like most finance majors, of course! I learned the business for a couple months and was earning a whopping $200-$300 per week working for someone else.

When I left that company and went out on my own, the ad I used FLOODED me with business. I had 15 calls by 10:30AM the day the small ad first ran. The answering service told me every "little old lady in Saratoga was calling".

So almost immediately I went from making $200-$300 a week to making upwards of $1000 per week. WOW...23 years old and making that much money WORKING FOR MYSELF was great fun...had a great boss!

I don't remember what I spent all the money on other than one of those nationwide pagers but my spending rose dramatically. But guess what? At $7.95 per room for carpet cleaning it doesn't take a math major to figure out I was working very hard to earn $1000 a week. So, of course I got tired and lazy and slowed down. My income level dropped to some level probably near $500 per week but my lifestyle didn't and you can figure out the rest.

If, while earning $1000 per week I was living like I made $400-$500 per week I would have been sitting pretty... or whatever the male equivalent of sitting pretty is! :>)

Recently in a workshop I had a woman relate her story. Her husband had been out of work because of injury for about a year. They had been living on only her income for that time. Before his injury they had been living on two incomes and usually had just enough money to meet all their expenses.

The injury had her worried. How could they do it on one income?

Somehow, THEY MADE IT. All the bills were paid on time. They didn't take any drastic measures like canceling the cable or pulling apart the 2-ply toilet tissue to get 2 rolls out of every one.

This gal was amazed and tremendously EXCITED because her husband was going back to work soon and she was going to be able to put a large chunk of one entire income toward eliminating all their debt using my program.

(Do you have it yet?) Two thousand dollars a month put under your mattress or towards paying off a debt is $24,000 per year or $120,000 after 5 years.

This family was forced to break Parkinson's law and you see how it dramatically improved their lives. The silver lining in the cloud.

Don't be forced to break the law...do it voluntarily starting today. If you are a two-income household pretend that one of the incomes is now gone. If you are a one-income household advertise for a wealthy widow or widower and then pretend that your income was slashed in half.

Keep track of every penny you spend...write it down...put it in your Quicken, Microsoft Money or any spreadsheet program...just get it on paper so you can see it.

Be brutal about it and I'll bet you can live on half of what you now make. Take the "missing" half and pile it on your debt. (you know which debt don't you?)

Break Parkinson's law and you'll never be sorry!

Leo J. Quinn, Jr. owner of http://www.LeoQuinn.com is a financial educator from the Albany, NY area. For over eight years he has been helping thousands of people get control of their finances and get out of debt in a fraction of the normal time. He has a special offer for readers of this newsletter at http://www.1shoppingcart.com/app/adt rack.asp?AdID=132551

limousine chicago service
In The News:

Think for a Change

I'm not sure where it originated, but I've heard it... Read More

Dealing with Thingitis

Debt is quickly becoming an epidemic in America. However, through... Read More

The Credit Card Debt Termination Scam

"Legally terminate credit card debt! You can be debt-free in... Read More

Start Small and Your Wealth Will Get Bigger

We've all heard the phrase, "You have to start somewhere."... Read More

Top Ten Reasons People File for Bankruptcy

1. Eliminate the legal obligation to pay many of your... Read More

The New Bankruptcy Law -- How Will It Affect Debt Negotiation?

In April 2005, Congress made sweeping changes in U.S. bankruptcy... Read More

What You Should Know About Bankruptcy

Filing bankruptcy is not only a last resort legal action;... Read More

Should You Invest In Savings Or Payoff Your Debts?

I have faced this financial question 8 years ago and... Read More

IVA Advice

An IVA (individual voluntary arrangement) is an alternative to bankruptcy... Read More

What is Bankruptcy?

Here is a useful guide to bankruptcy. It should be... Read More

Taking The Plunge Into Bankruptcy

Bankruptcy is one of the most difficult things a person... Read More

Bankruptcy: Who is to Blame?

If you are considering bankruptcy as a solution to your... Read More

Dont Let The Good Times Bury You

It is vital to get rid of debt while things... Read More

Five Major Ways to Save Money

There are two main roads to improving your personal finances:... Read More

A History of Money and Banking Secrets That Banks Dont Want Published

A History of Money and TradeTo start with a history... Read More

Bankruptcy Interest Increases as Deadline Approaches

Congress recently passed sweeping legislation that will significantly reform American... Read More

Bank Like a Banker

The business of banking has changed dramatically over the last... Read More

Learn The Five Key Debt Reduction Steps You Must Take Immediately!

Step 1. The purpose of this first step is to... Read More

Bankruptcy As An Option

If your financial worries are preventing you from sleeping at... Read More

Debt Free and Carefree

Are you still clearing a mountain of debt amassed last... Read More

Debt Getting You Down? - Make a List!

Debt is not much fun and when faced with it,... Read More

Bankruptcy - The New Scarlet Letter

Nathaniel Hawthorne's book The Scarlet Letter states in Chapter 2,... Read More

The 5 Secrets to Getting Out of Debt Fast

As they stare down at a teetering pile of bills,... Read More

Use A Debt Checklist To Examine Where You Are

A Debt Checklist allows you to look at items and... Read More

New Bankruptcy Law ? Where?s the Consumer Protection?

On April 20, 2005, President Bush signed into law the... Read More

induction cobra head induction shoebox Pete's produce ..