Stephen O. Allen

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We are money managers first! Our common profession.

Posted by sallen817 on March 12, 2013
Posted in: Uncategorized. Leave a Comment


In the feature film “300” King Leonidas, played by Gerald Butler, sought to defend his country’s freedom from Persia. Along the path to battle, he met Daxos, from Arcadia. Daxos had heard that the Spartan king was going to war and wished to enjoin the battle, with his troops. However, he was discouraged when he saw only 300 Spartan soldiers under king’s command.

Lenidas in turn asked three Arcadians, one by one, “What is your profession?” They answered with what would be considered noble occupations during that period: potter, sculpture, and blacksmith. It was obvious, the three conscripts would have much better served their people in their respective fields of arts and crafts.

Leonidas’ queries of the three soldiers was done only to make a point to the discouraged Daxos. He turned to his 300 men and asked the same question, “Spartans! What is your profession!?” The completely dedicated warriors, in unison, they responded, “ah-oo, ah-oo, ah-oo!”

A well satisfied Leonidas then smirked at Daxos, “See old friend, I bought more soldiers than you did.”

As I began on my quest for additional income, I realized that what the source of the income was did not really matter to me—of course, inside the parameters of it being legal and moral. But what is most critical is what I will do with these additional financial resources, once in my possession. Biblically, we are taught that managing money is more important than acquiring it. In Matthew (ch. 25:23) and Luke (ch. 16:10), we learn this principle of stewardship or management. When one does well with small amounts they are usually found trustworthy to handle larger amounts in the same way. This is not to say that it is a reward. Do keep in mind that this is a principle.

When I discuss this topic of money management with my children, I often hear them say what they will do for money when they are older. I used to encourage this behavior early on before learning this principle myself. I now have to redirect their ambitions during these conversations. I now tell them that I just want them to be happy in their jobs or careers. “Either find something you love to do or learn to love what you found!” and “The one thing the janitor has in common with the CEO is they both have to manage their pay.”

I digress. The Spartans created a culture that embedded the idea that every Spartan male was a warrior. In a sense, this is what my goal is for my family. I am endeavoring to instill the principle of effective money management. By virtue of being wage earners (via a job or career), profit takers, from self employment, or living off a trust fund, we are all money managers. And through proper money or resources management, increase and abundance are the result.

Finally, although increase and abundance are the result, they are not the goal, but a means. We can’t take it with us so we have to manage it effectively for the betterment of our family and other people.

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Take a break and laugh!

Posted by sallen817 on February 28, 2013
Posted in: Uncategorized. Leave a Comment

Once, there was a righteous-living man who, while on vacation, accidently fell overboard from a cruise ship and was stranded in the middle of the ocean.  

Soon thereafter, a life raft floats by, but he lets it float right past him as he thinks to himself with confidence, “I don’t need that, God will save me!”

After some time, a tugboat draws near, and as the captain reaches out to pull him aboard, the man yells, “Its ok, God will save me!”

As the sun begins to set, a helicopter crew spots him and descends to pluck  him from the water and yet again he yells, “Its ok, God will save me!” 

Well, our righteous-living man doesn’t make it and when he gets to heaven, he asks, “God, what happened?  I thought you were going to save me!”

God replies, “I sent you a life raft, a tug boat, and a helicopter!  What else did you want me to do?!”

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Attention college-bound!!! Debt free degrees!!

Posted by sallen817 on February 10, 2013
Posted in: Student Loans. Leave a Comment

This is worth reading with your college-bound children!

CLICK HERE

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Three Step Drop

Posted by sallen817 on February 7, 2013
Posted in: debt, timeline. 4 comments

We came up with a way to start the journey.  My wife and I needed something simple to begin with, otherwise the entire picture of what we owe looks extreme.  So we decided to take three realistic steps.  Once we are finished these, we’ll add three more.

  1. Bring all monthly bills current
  2. Save exactly $1000
  3. Completely pay off the only car note we have  

In American football, a three step drop is something a quarterback does to move up the field.  It is usually a short distance, but the play establishes a routine.  We chose to use this method for the same reason—routine.  If bad habits are what led us into debt, then good habits will lead us out.

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Let’s get started

Posted by sallen817 on January 31, 2013
Posted in: timeline. 2 comments

My wife and I are having a “Marriage Meeting” tomorrow to organize ourselves and lay out the plan to achieve debt freedom.

Meeting agenda:

  • Getting current on monthly bills
  • Establishing a savings or cushion
  • Trimming the fat (BUDGET)
  • Creating our snowball list of debt to be eliminated
  • Milestones
  • Generating more money

Questions I have:

  • What method are we both comfortable with to track everything?
  • What ideas does she have for generating more money?
  • What’s the best way to include our children?

Overall, the goal is to get the ball rolling. I thank God for getting us as far as being able to talk peacefully about our finances.

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Overdraft fees….sheesh!

Posted by sallen817 on December 19, 2012
Posted in: debt. 1 comment

Here is why we have to track everything.

20121219-102030.jpg

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What is real prosperity?

Posted by sallen817 on December 12, 2012
Posted in: debt. Leave a Comment

20121211-205422.jpg

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Debt does not discriminate

Posted by sallen817 on December 9, 2012
Posted in: debt. Leave a Comment

30 for 30 Broke. A great documentary everyone should see about how debt affects people of all magnitude and walks of life…not just for sports fans.

20121208-171931.jpg

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Looks like “student loan payment” will start showing on your pay stubs

Posted by sallen817 on December 6, 2012
Posted in: Student Loans. Leave a Comment

Sallie Mae

The Government is working out a way to help students pay back their loans.  Full Story

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In the beginning…

Posted by sallen817 on November 9, 2012
Posted in: Uncategorized. 2 comments

In the Beginning….

This will feature a variety of things regarding personal finances as well as some topics that are indirectly related. I have a goal, more like an assignment to help someone get out of debt during the time that I complete the journey to debt freedom and then thereafter. As I go about this quest I will post the useful tools and techniques, the fun and funny things along the way, and try and shine the spotlight on someone who has accomplished debt freedom who visits this site.

I would like to encourage you to purchase the ebook that I like to call the mental pre-requisite for getting out of debt. Its call “What does the Bible say about debt?” It answers a few questions that most of us have or had, I give you a peek at what my personal story is, and it aims to change how you view debt. To find out more about it CLICK HERE or on the EBOOK link above.

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