Common Sense Solutions-Tips for Successful Living: Time and Money, Needs and Wants

(Last Updated On: August 28, 2018)

We all work for money and seek to exchange it for necessary goods and services, such as utilities, food, housing and all the important things we need to survive. How much money we make determines our lifestyle and our financial authority during our lifetime. Time is life, and we spend life working for money to meet our needs and wants. Having said that, I am positive then that success has to be pretty important to you, isn’t it? Unfortunately, some of us don’t maximize our full potential and we live below the mark. However, with some common sense solutions, we can redeem the time by:

There is hope. We can live our best life yet!

I Am Determined to Succeed

We all have “wants.” How we pace ourselves in our pursuit of these wants determines our prudence. How we juggle them against our needs, determine whether we become financially stable, or wealthy – and how long it takes us to get there.

How we leverage time, opportunity and knowledge, is also an indication of where we will find ourselves financially in the future.

Since our habits result in our present and eventual outcome, we must immediately seek to audit our habits and follow good principles that will guarantee a successful life.

I Am Breaking Bad Money Habits, I Can’t Afford to Be Poor!

All of us have some sort of bad habit.  In order to break these unwanted and regressive habits, we must have a plan. Any bad habit is undesirable but what we can’t afford in this context, are bad financial habits. These will affect every area of our lives and suppress any likelihood of successful living. Failure in this area affects a wide range of other areas in our lives. I don’t even have to list those here… Let’s try this little but important exercise I developed. Let me know if it works :-).

bad debt

3 Ways to Break Bad Financial Habits

  1. Stop and examine what is causing you to engage in these bad habits
    1. Identify the root cause(s) e.g.
      • You don’t budget because you believe you don’t have enough
      • You believe that it is too late to change old bad habits
      • You live beyond your means (usually a big one)
    2. Does it (bad habit) give you pleasure or relieve stress? If so, identify what these are: e.g.
      • Do you like to spend because you like nice things
      • You try to keep up with the proverbial Jones’
    3. For any regrets and bad decisions, first forgive yourself — that’s the only way, no one is perfect
      • Replace that pain with positive thoughts and an action plan to overcome
      • Pray about it and declare that that pain will no longer cause you to make bad decisions
  2. Write down the plan you will use to overcome your challenges
    1. Discuss and create the plan with a suitably trained friend or financial counselor
    2. Set short-term goals within a long-term plan for financial success
    3. Execute the plan
    4. Be accountable to the friend above (counselor) about your finances from here on
  3. Celebrate each successful fulfillment of the plan at work
    1. Revise and tweak the plan
    2. Repeat

I Will Surround Myself with People Who Inspire Me!

Now let’s look at “time” again and how it plays a huge factor in our success. How we utilize time and who we spend it with is key to implementing and sustaining all that we did before in the exercise. Look for people that inspire you and by that, I am not saying to look down on others or not associate at all. Rather, associate with those who encourage good lifestyle habits. Set the boundaries concerning what you do and how much time you spend with others (remember, time is life, spending time = spending life). Sometimes that “others” can be anyone. Hmmm.

I Am Trading Time for Money — Time Is Life

We trade our time every day for money and that’s why our time is so important. In the marketplace, there is basically a “money for your life” exchange going on. Our time equals money and money is what we trade our lives for. The only other things we do when we are not trying to make money is;

  • Rest, relax
  • Spend time with family and friends, go to church etc.
  • Reinvest that time into education/training to increase our value

Time is money! Time is life! Time has value!

The list will vary according to who we are but essentially, our time is our greatest commodity. It is our greatest asset and also our greatest “liability” if not used wisely. We must use it responsibly and to the best of our ability. So when I tell you I am busy, please understand that I mean no offense. I am spending some of my life-currency somewhere else at present.  When we spend time with people or activities, we are literally spending our lives (using up and giving away value). Use your time wisely. Time is life Click To Tweet


My Decisions and Actions Create My Reality

Then we have the reality of it all. Our current disposition, our power, our worth. Our present reality is the collective sum of all our thoughts and decisions we have made in life so far. These thoughts and decisions have determined this present reality for us. If we truly accept this, from now on our greatest desire will be to ensure that every decision we make, is the best one according to tried and true methods.

You may now be wondering why I have used the word “determine” so often in this post. I have certainly overdone it by stuffing it in this article many times over.

The word “determine(there he goes again) is a very powerful word. In a nutshell, it means to settle, to decide or come to a resolution. Which then calls to mind another word, “accountability” or personal responsibility. When we combine all that with the fact that we are the ones who make the decisions in and for our lives, we unleash the potential or possibility we have to change the present and the future.

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I Must Take Personal Responsibility and Be Accountable

Since we are the ones who make the decisions concerning our lives, we must take full responsibility for them. We cannot blame anyone but ourselves for any negative situation caused by our decisions.

In order to succeed financially, we must have a clear plan and stick to it. It’s a shame that this is not systematically taught in schools.

Do you know that all of us have had the same clean slate at birth? Yes, we may have come from different backgrounds and may have had some hardships and less learning aptitude. However, that is no excuse. There are many who have overcome great odds to be successful, and we are no different from them. In some cases, we have had more of an opportunity than many. I am not coming down on anyone but that’s a fact.Children-at-school

Our mindset is what is responsible for our current financial status in life. I am assuming that we all embrace change for the better, so if you do, let’s change our stinking mindset. It betrays us and robs us of exceptional living.  Why not spend the rest of your life making the most it and being the best that you can be. We have to guard our minds, what we think, we become.

Proverbs 4:22-24  For they are life to those who find them And health to all their body. Watch over your heart with all diligence, For from it flow the springs of life. Put away from you a deceitful mouth And put devious speech far from you.…

I Must Choose Between a Victim or Creator Mindset. I Am What I Believe

If we believe that chance or bad luck is responsible, then our chance of failure is increased or multiplied by the infinite possibilities of failure that exist. Why add all of that extra mess to our lives, Click To Tweetall on our own? There is more than enough negative in our lives already. Why live with that additional increase in negativity and potential failure? We must escape from all that trash now, today!  Speak life!

Common-Sense Solutions for Successful Living

Let’s look at the following question and its answer:

  1. Is everything expensive or is it just that I can’t afford it?

Ans. We can’t afford something because we did not properly prepare for our current needs or “wants,” not necessarily because it’s expensive.

Do you agree with this answer? The thing is, whether we agree or not, this statement is essentially true.

We have no control over the economic climate and high prices for everything under the sun such as;

  • Education — (multiply by the number of children in the household)
  • Real Estate
  • Funerals — (yes, a costly expense for families)
  • Car expenses — (multiply by the number of vehicles in the household)

We cannot change or control the world’s economy, therefore, our proper and only course of action is to be on top of the economic climate.  How do we do that?  We do this by careful analysis of our reality and the actions needed to change our situation.

Some actions can be;

  • Seek jobs in high demand
  • Increase our worth through acquiring new skills and education
  • Decrease our expenditure significantly
  • Increase our income by creating other streams of income
  • Sell our skills — no more freebies 🙂 use discretion here
  • Proper investing, not just saving but actually making money work for us
  • Staying away from debt — the # 1 advice always
  • Staying out debt, staying far from debt, settling debt as fast as possible – (reiteration intended)
  • No debt apart from mortgage or good debt

*Redundancy is done on purpose.

We cannot simply remain victims of chance or pray for miracles without acting. It doesn’t work like that.

We must be steadfast in our determination to succeed by first of all having a plan, a vision and acting on it daily. We must study and make adjustments to the plan, in order to stay on course in any climate.



Since we humans are prone to habit whether good or bad, we must ensure that we are in charge of every moment. Staying the course and making good decisions is more than just wishful thinking. It is knowing that our decisions will define our success or failure.

Trees don’t grow overnight and so, success is a concept that must be nurtured along the way. Let’s turn around from the path of failure and use the following recommendations to achieve a new and determined life. We must change bad habits and employ best practices

  1. We must make good choices
  2. We must seek mentoring and be accountable to someone who has already succeeded in our aspirations

Please share your comments with us. We really want to hear from you.

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12 Replies to “Common Sense Solutions-Tips for Successful Living: Time and Money, Needs and Wants”

  1. I like your summary at the end. I write about similar topics, but I haven’t addressed money habits. Also, your titles are relevant to each section, which means I can scan for relevant info and go in on the things that really interest me. As for the planning stage, do you recommend a template for planning a budget? Thanks for adding this post!

  2. I really enjoyed reading your article. As an educator, I teach the importance of writing goals. For me, it is the best way to get where we’re going in life. Being financially free is definitely included in that equation.

    All your advice is on point. Everyone should read this to get a true grasp of how to use these common sense solutions. I actually feel this should be taught in school so our youth can grasp these concepts at an early age to truly understand what it means to be financially responsible.

    I look forward to reading your next article. What topics are you planning on writing about in the near future?

    Great job! This information is needed, so thank you very much for sharing. Keep up the good work.

    All the best,

    1. Yvette, thanks for your kind words. I am glad that you have found this advice helpful. Let’s hope that the message will be embraced and practiced by many. 

      There is so much good info out there as well. I hope you have signed up to our mailing list so you can get our next post as soon as it is published.

      My next topic will be a follow-up post. I’m hoping to go a little granular by expanding on  getting the practical knowledge in schools, approach, among others. I  will be promoting some simple fun software and apps that can help.

      Thanks again for your contribution to this post.

      All the best and more.


  3. Thank you for your article. I found it very eye opening.
    Sometimes we get carried away with useless things to spend our time on and unwanted things we spend our hard earned money on.
    While reading your article, it was a well needed slap on the face for me. I have been drifting away from the important things in life. I guess you can say, I have gotten lazy.
    I think everyone needs that slap to wake up. People seem to drift away from the important things. Mainly with social media, how much of our time is wasted on that stuff? Time we can’t get back.
    Thank you again for your article.

    1. Thanks Brenda!

      Your comments are valuable to us. I appreciate your honesty here. It happens to all of us at some point or another. A little “slap” can turn us around Brenda.

      Please feel free to keep in touch.

      God bless!


  4. Thank you for writing in a way that is calling people to take a look at their lives. You essentially mentioned that we are the sum of our decisions. Everything we have done has led us to where we are currently.

    You are right that with limited time, it is best to maximize our worth. It may seem a little shallow related to money, but the market dictates how much we are worth in business. People get mad that Aaron Rodgers makes 25 mil a year, but that is what the economics of his situation says he is worth.

    1. Thank you, Ernest! I appreciate your comments. I am rooting for your success in all of your endeavors. We can make decisions that will determine a fresh, new and bright future.
      Let’s make it happen!

      All the best and more!

  5. Your article is a great reminder for us to make better decisions financially. I’ve learned a lot of hard lessons along the way, lessons that were never taught in school– like how painful credit card debt can be, and the real lifetime costs of student loan debt as well. At this point, I’m piled high in lots of debt but am working to overcome it. I’m now working 3 different jobs and incorporating as many streams of extra revenue as possible. Thank you for sharing your advice!

    1. Hi Ciara! Thanks for reading and taking the time to comment. Oh yes!! If they’d only taught us in school… I know you will conquer this. You are on the right path. Just be mindful to get some rest in there somehow. All the best and bountiful success to you!!

  6. I clicked on this post at first because your picture there caught my eye. Needless to say, I had no idea of how powerful and true the message behind it would be.
    You really did make me stop and consider my bad habits and with determination and identification, I could start on a path to changing these and in the end be more beneficial to myself and my money.
    One final note after I got done reading this post with awe I stopped to look at the author. I shouldn’t have been surprised it was you. You are a wise and talented person. Great job and I thank you for this post. It was inspirational.

    1. Hi Melissa! I am really happy that you got something from this post. I truly hope that you will walk in determination and success. Today is a new day.

      Thanks for your kind words. Much appreciated.



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