Saturday, January 15, 2011

Analogy Guy (It's about weight loss people..)

What do you think of this scenario? Imagine I am sitting down with my financial advisor, who I have sought out because I am seriously in debt and I cannot seem to get out of it. I have been trying to pay off my credit cards and save some money, but I am actually getting deeper and deeper in debt and I can see that is going to be a big problem down the road. I've actually had a few friends in similar situations lose their houses and have to declare bankruptcy. I definitely don't want that to happen. So I got John's (the financial advisor) information from a friend and gave him a call.

"John, I am really worried that I have no idea how to get out of this debt and instead of getting better, it is getting worse. Can you help me? Please??"

"Well Scott, first of all we have to look at your spending habits and figure out what we can change."

We talk for a little while and John recognizes that I spend more than I make, and recommends some changes and things to cut back on.

"But John, I really love going out to dinner and I just can't give that up. Also, I know I shouldn't eat my lunches out or buy such expensive clothes, but I just love it. Oh, and I definitely won't give up my $10/day Starbucks habit. I know I can make it at home for 10 cents but Starbucks is my thing."

"Ok Scott, well if you are not willing to make any changes, how do you expect me to help you?"

"Well John, I want to get out of debt and save money, but I just don't want to give up any of the things I like or change my lifestyle at all."

"Well Scott, will you at least start to record everything you spend money on for one week, so we can figure out what we need to focus on the most?"

"I can try, but you know, that just takes so much time and who has time to do that?"

"Ok Scott, let me ask you this. You think you want to save money and get out of debt, yet you won't take the time to record your spending and you won't change the habits that have gotten you into this situation. Is that correct?"

"Um, kind of."

"Then doesn't it seem unlikely that you will ever get out of debt? The reason you are sitting here in front of me is that your habits have gotten you in this predicament. Continuing to do the same thing will only result in more debt and probably the loss of your house and bankruptcy. You say you don't have time to record your spending. Do you have time to move into a new house when yours get foreclosed on? Do you have time to sit down and explain to your family why you can't buy any furniture, clothes, toys or food after you declare bankruptcy and have no credit? Do you have time to continue to be stressed and worried about your financial situation?"

"John, when you put it that way, you are such a downer."

"Scott, I don't want to be a downer, but you are asking for my help and I am telling you what you need to do to save yourself. Now it is up to you to go and do it. Don't kid yourself into believing that if you just keep doing what you are doing that somehow things will get better. They won't."

*It should be fairly obvious to everyone reading this what I am implying and what the analogy is here. If it is not, you are probably reading the wrong blog. Think of how this analogy can apply to your fitness and weight loss goals. Now get out there and start "saving some money"!!
-Scott
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