Person 1 – The Jumper

This person will jump into anything with a great idea and with a lot of enthusiasm. This person is usually very bright, smart, and innovative but they have no plan. This person jumps into ideas and then they regret it once they have this commitment with time, energy, and money and they don’t know what to do from there. They have all the tools and resources in the world to make things happen but they don’t have the vision to make it happen. This person needs to be more of a planner instead of a jumper.

Person 2 – The Planner

This person is more of a planner. This person handles their enthusiasm in a controlling manner, they tend to step back and do their research about what are the next steps to make their idea work and if the idea is even worth moving forward with. This person understands the importance of stepping back and closing their eyes and seeing what vision they can create for themselves. This person knows what action steps to take.

Person 3 – The Scared Person

This is the person who never takes action. They are great planners and they have a great vision and they know the first 10 to 12 action steps. These types of people are bright people themselves. They have all the qualities that are needed to be successful. The one thing that sets them from taking any action is their fear. Their fear is keeping them from living the life that they want to live. Their fear is keeping them in a job that they hate, or in regret, and in general, they continue to live a life that they hate.

All of these people have the potential to be great at their dreams. They all bring great ideas to the table. You might see yourself in one of these people or possibly a mix of two or all three. Nevertheless, if you can identify which one you are, you now know how to assess yourself and how to take the steps to live the life of your dreams and achieve your goals.

As we all know, auto-debits just like credit can be a good or bad thing depending on how to use them in your financial life. Auto-debits can be a great thing in the sense that much of your finances are going to be automated without too much work. Also, auto-debits can be dangerous if you’re auto-debiting many services without proper recording or thinking.

The Good

The great thing that auto-debits are that you can auto-bill from your checking or savings accounts so you will never miss a deadline for a service or subscription without worrying about canceling your subscriptions. One service I always would say to auto-debit is insurance. If you miss a payment for your insurance, oftentimes it is hard to get them back. I encourage many of you to auto-debit your insurance policies. The benefits of auto-debiting your bills are that your bills are always going to be paid on time and as a result, you’ll have a great credit score and you’ll never have to worry about calls from creditors.

The Bad And Ugly

Much of the bad experiences can come from trial subscriptions. I recommend anyone reading this before you sign up for a trial subscription is to read the fine print and see what exactly you are signing up for and for how long. Once you are a paying customer for many trial subscriptions, some of them make it hard to unsubscribe to their service or might of forgot your login password to the service. Before you sign up for anything I want you to read the fine print to see what exactly you are signing up for and for how long and how much. Another part of the bad of auto-debits is paying the minimum on your credit card. Making on-time payments to your credit card is a great thing, it’s building up your credit and more. One thing you might be overlooking is the interest that is growing on your account overtime. You’ll be paying more over time if you don’t pay off your credit card all at once. Many credit companies want to see a gap between how much credit is issued to you and how much you are using. Paying the minimum on your credit card will get you out of late fees but not put you in that gap that these credit companies want to see.

I want to assist you in getting the peace of mind that you deserve. Auto-debits are just like credit cards, they are a tool in finances that can be a blessing or a curse depending on how you use them. The best benefit of auto-debits is to automate the process of handing your monthly cash flow but if you’re blindly automating your monthly cash flow without too much thought, you’re setting yourself up for a disaster.