Happy Frigg and Freya’s Day

Budgeting is not something new to me.  I have handled things before like this, mostly though I find budgeting tedious and boring, so I find ways to do it that are quicker.  Thankfully computer software these days makes things go much better.  Mostly though the plan for budget is pretty simply from my perspective.

When I was a Christian, I followed Dave Ramsey a lot.  The fact is his basic plan makes a lot of sense simply because it follows tried and true things. I don’t see that I have to change my respect for its wisdom.  We are in debt again and we do need to make more money to combat that but we also need a plan to get back to financial health again. Our plan follows the Dave Ramsey pattern.

1. Basic Emergency Fund – $1000
2. Debt Snowball
3. Fully funded Emergency fund
4. Invest 15% of income into retirement
5. Pay off Home Early
6. Build Wealth and Give

There is a missing step as I have children but they are all grown up and I pretty much told them what my family told me – ‘you want college education, pay for it yourself.’  Step 5 for us wold be more of buy a small home and pay it off quickly because right now we rent an apartment and probably will continue to rent until we get to a point of being debt free.

After twenty years of being in the ministry I have little to show for it.  I don’t own a home.  I have a lot of debt and some things have had to be cut.  Probably the most devastating right now is health insurance.  We can’t afford it with the payments we have to make on other things and that means both my diabetes and my wife issues will have to be handled out of pocket and nope – we don’t have the money for that either.  Hopefully nothing major happens.

If we have any further need its to start making more money and that is why I accelerated school to be pretty much done except the internship, so I can start marketing my degree for a better job. I would stay where I am but they would need to make me more than a grunt worker at this point and they would also have to make me full-time instead of 32 hours a week. At this point in my life it is about retirement and that means I am about 20 years behind people my same age because of being a pastor all that time in my first career. Yep, it’s a tall order but I don’t just want to survive but thrive.

As an aside if you are thinking of ministry as a career, I recommend going to a secular school for your bachelor’s and get it in something you can make money doing.  Do that for twenty years and get your financial life in order and then go get you Masters in Divinity and be a pastor. Trust me on this, you will thank me for it.

Right now we could be classified as working poor.  Not poor enough to qualify for government handouts, but not rich enough to get ahead.  That needs to change soon and for me that means a better job with more money so we can breathe again.

Discipline:

“Discipline is the willingness to be hard on oneself first and then if needed help with the development with others, so that greater purposes may be achieved.”

Principle: Apply discipline to every aspect of life that it can be applied.

Achieving greater purposes is a line in the virtue I have been thinking about a lot lately.  When I look at things in my financial future I think others are going to play a role.  What I want is my own business to take into retirement.  I want it to be my retirement.  Not having something to do, I think is the death of a lot of people.  The one’s who live the longest understand discipline and sticking with something.

At this point I have all the plans in place, bucket list, goals and routines.  Now its time to take all these pieces and step back and reform the bigger picture.  I think though I will do a separate post on this under The Rabyd Skald platform probably this afternoon.

Perseverance:

“Perseverance is the ability to stand up and return from defeat and failure”

Principle: Keep getting up after every defeat or failure.

Not much to say here other than I keep going and I keep getting up. Right now school needs to have more attention and so I am making my plans to put more effort in and finish.  I may limp over the line but I will finish.

Fidelity: 

“Fidelity is the will to be loyal to one’s Gods and Goddesses, to one’s Folk, to one’s self, and loyalty to one’s friends was as valued as highly as loyalty to one’s family.”

Principle: Be loyal to those who have been loyal to me.

I am a deist, humanist and somewhat of a pagan and so I am loyal to those philosophies. I am truly working on being loyal to myself, my wife and my family.  The Self and marriage is a tougher one to keep in balance because to have a marriage often involves sacrificing what you want at times.  I just don’t want to give up too much loyalty to myself.  I still want what I want and for my sake, I can’t give it all up.  At the same time I want this marriage to work and be better than ever.  I am loyal to my friends, they need only ask and I will do what I can.

The Rabyd Skald – Wandering Soul, Bard and Philosopher. The Grey Wayfarer.

Skaal!!!