Sunday, February 13, 2011

The Financial Challenge: Fasting for Success

I know fasting often scares people and the moment we hear the word most of us immediately kick, scream and run in the other direction.  Yet, if you've ever done a fast, you are very aware of the tremendous benefits.  It brings clarity, revelation and breakthroughs that will blow your mind.  In Michelle Singletary's book "The Power to Prosper" she uses a 21 day fast to break poor financial habits and helps get to the root of our financial issues.  She says "The fast is really about curbing the need to consume."  The fact is, if you really want to get out of debt or become a better manager of your money, you'll jump at the opportunity to participate in this 21 day fast. It is because of her book that I am challenging each person that reads this blog to take this fast.  First, I would encourage you to go to www.amazon.com to purchase the book. However, even if you don't, I am going to give you instructions on what you are to do during this 21 day fast.  

I am only challenging you because I did this fast almost a year ago to the day and it has accelerated my debt payoff plan by leaps and bounds.  Most of this information, I won't be able to share until I have reached that goal but trust me when I tell you this fast works.  I mentioned in another blog that the book is based on the word of God but even if you are not a Christian, the principles can be applied and they will bless you in the process.  

Here are the rules for the next 21 days, if you are serious:
1)Only purchase necessities (that means food and gas).  
2)You cannot use any credit cards and you must take out enough cash to cover your expenses for the week.  She even advises you NOT to use a debit card if possible.
3)The food purchased MUST be from a grocery store.  You cannot eat out and you cannot allow someone else to take you out to eat.  
4)You cannot go window shopping either.  That's right, no trips to the mall! 

I would encourage you get the book because she has so many tools to help you complete a budget and daily assignments that I won't do justice in this blog.  I know this may seem harsh but it takes drastic measures for us to go from one direction to the next.  Clearly what we've been doing in the past hasn't been working for us.  If you have a close friend, let them know what you'll be doing and have them hold you accountable.  Let someone know what you're doing so they can support you during the process.  If you plan to take the fast, inbox me on facebook.  I would like to get your feedback during the process and once you're done.

It's time to put some skin in the game!!!!

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