Did I Tell You I’m Afraid of Heights?

Isn’t there a song that goes: “you picked a fine time to tell us, Lee ….“?

But, it’s never too late, especially not for Lee … and, I’m sure that there are some great ideas out there … so, let’s get them ‘out there’ and help Lee!

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Now is a heck of a time to share this revelation but I’m afraid of heights, so much so that if there was a social network for ladders you would find me at the bottom.  This journey Making Money 101 so far has been a great learning and relearning experience causing me to admit some great failures in my past.  But I have learned that like in the Bible not all failures are “unto death” they just feel like it. So my learning has been that in order for me to make my number of $4,000,000 by 20019 I need to do some house cleaning, house building and house hunting.  My biggest failure and yes my greatest need at this point is to establish some savings so I will have something to work with when I launch out into Making Money 201.

Debt retirement is not really a problem for I have no debt except my home ,vehicles and student loans. The vehicles will be paid off in less than a year.  Sensible Savings for me would be any savings which is better than I have had in the past.  I have established an ING account and am having some automatic withdrawals placed in it, so that’s a start.

Cleaning up my spending style has been a real challenge and 10-1-1-1 exercise and recording my spending opened my eyes pretty quick.  So guess what I have a little bit more money now because I’ve adjusted my spending but I’m still a long way from where I want to be.

I calculated my required Annual Compound Growth Rate and it came up 131.88%. Oh great now I really concerned.  It’s kinda like being sized for a space suit only to find out you have to have oxygen also.

As I stand on the launch pad I am keenly aware that I need some active income, I would like to do some investing and am trying to figure out how to begin. Sensible Investment keeps coming to mind.

Small Business perhaps online type is where I would really like to go and something that my son and I could join together is my preference.  The issue is a product.

Bottom line,  what is holding me back? Two things (1). Lack of funds to invest in any effort and (2). Fear of heights.

On a personal note: Please forgive my tardiness with this post, that’s what happens when you stand at the bottom of a really tall ladder and refuse to look up.

When I actually begin to climb I just hope I don’t have to look down.