John
Bradshaw Layfield Wrestled Money Shortages And Pinned Down Financial Success
December
11, 2010 John Layfield's book
"Have More Money Now" which was published
in 2003, caught my attention years ago when he had been on CNBC giving
financial advice and even contributed to Fox News. John Layfield is also known as
"JBL", and was a
professional wrestler; it was different seeing a professional wrestler in
a suit giving a serious commentary about finances.
Layfield's story is a little
different. He never had to overcome being in debt, but he did go through
many years of not having very much money. In fact there were plenty of
times when he had no money. When he had to quit playing football he got
into professional wrestling. However, wrestling for him was far from the
glamour you see on television. He was paid $3.00 for one match when
starting out. Sometimes he made $10.00 or $25.00 for a match. He gives a
great account of the struggles he went through while trying to make it in
the wrestling business.
John Layfield doesn't mention in
his book if he consciously made choices when he was younger that stopped
him from accumulating debt. He just didn't spend money he didn't have. As
Layfield says many times in the book when referring to delayed gratification
"have when you
have". If he had to live in a tent or go without heat he would do it. He
only bought the necessities he needed with the money he had. Many of the
promotions he worked for would provide him some kind of meager
accommodations while he wrestled for them, but he wasn't making much money
at all back then. By living only on whatever cash he earned John Layfield saved
himself from the problems of accumulated debt. MB
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Some of
the lessons learned in "Have More Money Now" by John Bradshaw
Layfield |
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Forget the past. Focus on
the future. Whatever happened in the past can not be changed. Rather than sweating
over what you should have done, focus on what you can start doing
now. How can you
reduce your expenses, increase your
income, or increase your financial education? |
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Don't be
average. Do what you care about and excel at it.
If you are doing what you want to do,
you will work at it much harder and that passion dramatically
improves your chances of being successful. |
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Delayed
Gratification ("Have when you have") John
Layfield stressed
"living within your means" many
times and he certainly practiced what he preached. For years he
struggled to make enough money just to buy basics. Even though times
were hard he never went into debt buying things he simply wanted.
Part of his success came from avoiding the trap of debt.
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Poor choices and behaviors will cause debt.
John
Layfield says, "The key to being out of debt is to first stop
incurring debt". Old habits have a tendency to lead you into
spending more than you should be. |
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