Latest / Get Real Rae... Real Business & Life Advice / Is Time Your Best Friend or Your Worst Enemy

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Is Time Your Best Friend or Your Worst Enemy · Get Real Rae... Real Business & Life Advice

• 27:05
  Rae: waiting game, especially if you can help it. So instead of waiting on that bill, Right?
• 27:13
  Rae: One wants to… Address it. Right away.
• 27:20
  Rae: Okay I may not have the money.
• 27:25
  Rae: But let me tell them I don't have the money.
• 27:27
  Rae: Let's see what we can do, let's see what we can work out.
• 27:30
  Rae: Is there a way I can get the money?
• 27:32
  Rae: Is there something else I can do?
• 27:35
  Rae: Because, yes.
• 27:37
  Rae: That debt would fall off after 7 years, but you also have to keep in mind how long before the company decides that that debt is not collectible. That's when the 7-year clock starts.
• 27:52
  Rae: And there are some companies who will send you to different collection agencies. They will… they can sell the debt that they wrote off.
• 28:02
  Rae: To get their tax break.
• 28:04
  Rae: They can sell it to another company, and now you have a more aggressive company calling you, harassing you, emailing you.
• 28:11
  Rae: Looking for your car.
• 28:13
  Rae: In order to collect on that debt.
• 28:16
  Rae: So you've created another worry, another problem for yourself, because you were trying to play the waiting game with your debt.
• 28:24
  Rae: And… think about all the things you can't get because you were playing the waiting game with your debt.
• 28:31
  Rae: Maybe you want to get a new car, or maybe you're trying to get an apartment, or maybe you found the love of your life long since you created that debt.
• 28:40
  Rae: And you guys are now trying to get a loan.
• 28:44
  Rae: Or hire wedding vendors.
• 28:47
  Rae: And you can't get that loan, or you can only get a high-interest loan, or…
• 28:52
  Rae: You are finding you can't… you're looking at your love of your life, and they're looking at you like, oh, your credit is like that?
• 29:02
  Rae: We can't get the car we wanted. We can't… get…
• 29:08
  Rae: A credit card, a good credit card, in order to make the down payment to the wedding vendor, because you was over here playing the wedding game with your school loans, or with that credit card, or something else.
• 29:22
  Rae: In the U.S, it's very easy to spend money.
• 29:26
  Rae: You can walk out your door, sneeze.
• 29:30
  Rae: And pay for it.
• 29:31
  Rae: Right? Like, it's very easy to spend money.
• 29:35
  Rae: But, remember, Making money.
• 29:41
  Rae: Takes more time.
• 29:43
  Rae: And so… Do yourself a favor.
• 29:48
  Rae: And remember that if you're playing the waiting game.
• 29:52
  Rae: Play smart! Use your time in a way that is going to allow you to
• 29:59
  Rae: Get the things you want.
• 30:01
  Rae: So, what have we learned today, kids? Well, we've learned that sometimes you don't have to do anything to get what you want. Isn't that beautiful?
• 30:11
  Rae: You don't have to do anything!
• 30:14
  Rae: Other than keep being true to you, as long as you not being a crazy squatter!
• 30:21
  Rae: Hmm, or dodging the repo man, or just being completely negligent and silly.
• 30:27
  Rae: Don't be silly.
• 30:30
  Rae: And also know that It's okay.
• 30:36
  Rae: It's okay to wait. There are gonna be times in your life when you're… maybe I shouldn't…
• 30:41
  Rae: I think I should just give up.
• 30:43
  Rae: Maybe I should just give up.
• 30:44
  Rae: I've seen a number of parents
• 30:49
  Rae: Let their child quit something, because the child wasn't… Great at it, right away.
• 30:54
  Rae: It's one thing to lose interest, but it's a completely different thing
• 30:58
  Rae: to let your child quit because they're not good. It makes me very sad when I have… hear parents say to me, oh, my daughter's not good at dancing.
• 31:07
  Rae: But neither am I. And I'm thinking…
• 31:10
  Rae: Your child loves dancing. Whether or not she's good at it is completely irrelevant.
• 31:15
  Rae: My child's not good at karate, he never listens,
• 31:19
  Rae: He's always getting in trouble in class.
• 31:22
  Rae: But does her kid like it?
• 31:24
  Rae: If you are a parent watching this, then please.
• 31:28
  Rae: Don't worry about if your child is good at something. Think more about, are they enjoying that activity before you pull them out?
• 31:38
  Rae: Because it happens, So frequently. And then these kids wind up carrying this idea that they aren't good at
• 31:49
  Rae: XYZ.
• 31:51
  Rae: And then that pattern just perpetuates.
• 31:54
  Rae: Meanwhile, maybe with a little bit more time.
• 31:58
  Rae: not only could XYB be something that they enjoyed.
• 32:01
  Rae: But it could also become something that they're good at, or maybe great at.
• 32:06
  Rae: Sometimes, the right teacher.
• 32:09
  Rae: can help them.
• 32:10
  Rae: Find what they're great at.
• 32:13
  Rae: And so, my friends, I hope you found this enjoyable, cause it's about time
• 32:20
  Rae: or podcast episode, and until next time!
• 32:24
  Rae: Thanks for listening. If you think this podcast would help a friend, then please feel free to share it with them.