You toss and turn in bed and can't fall asleep. The comforter feels heavy. Your heart races and beats like a steam hammer, your feet sweat even though you have stretched them out. Your thoughts are only about money, money that is missing. You don't know how to pay everything. Again a bill has arrived today. What are they all thinking, where is all the money going to come from? Your account is already deep red and your salary is not even enough to bring it back into the debit, at least in the short term. How could it come so far? What can you do? How do you get out of this deep ditch? How do you tell your loved ones that you have failed financially?
Why a financial security challenge?
We are not used to talking openly about our finances. Money is "just something you have," it's not something we talk about. As a result, we often lack basic financial education ourselves because we don't talk about finances.
The consequences are fatal for your life! You forego further training for lack of money, you can't go out with friends, the family hasn't taken a vacation together for years and you're afraid of the bill before every visit to the workshop. Please don't let the washing machine break down, because that would be a financial blow.
I apologize if my descriptions have made the hairs on the back of your neck stand up! I am sure that you also know this negative feeling.
The fact is, healthy finances are part of a fulfilling life. "Financial security (Finanzielle Sicherheit)"is to protect you from exactly these situations described. To achieve this, there are "tools" such as a challenge. The beauty of a challenge is that it forces you to deal with your finances and clearly shows you where you stand financially. On this basis you can immediately start to improve your situation. In small steps, but improve!
I believe that every person can change the world with their actions! Make your life through meaningful actions (challenges) to something special and lasting! Make yourself immortal!
We want to plant one million trees worldwide without begging for donations!
Uwe Kauntz
A new challenge every Monday! Stay informed!
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Rules - What exactly is Financial Security?
You'll find dozens of definitions of financial security on the Internet and in various coaching books. We have an extremely clear definition here:
Financial security means that you cover your daily living expenses for six months without a single euro of income, because you have this money as a reserve!
This "iron reserve" should secure your liquidity. Even if you have to attack it, it will protect you from unforeseen financial burdens and let you sleep well and safe.
Financial security is NOT about wealth! It's about reassuring basic financial protection for those times when your life is an asshole!
What amount are we talking about specifically?
It all depends on your life situation. But let's keep this question simple:
- Monthly fixed costs: So it is about rent, car, taxes, insurances, vacations etc. (for this the yearly one-time costs like insurances, car tax, vacations etc. are converted to the month, so divided by 12). plus
- Monthly variable costs as average (Food and cost of other basic needs).
Life Score points for the Financial Security Challenge
Your economic existence depends on your financial security! For this reason, we will value it very highly. You will receive 500 Life-Score Points when you have built up the "financial cushion" described.
But be careful! You must protect and expand it, otherwise it will be gone again quickly!
MARBLES FOR THE CHALLENGE "Financial security".
For this challenge you can get the beautiful marble(s) in yellow. These have the following size:
- 500 Life Score Points - One yellow marble with a diameter of 20mm
If you want the marble(s), please read on ....
HOW CAN YOU PARTICIPATE?
Be diligent and financially smart. Spend less than you could each month and save the money. Keep an accurate expense book and know what your monthly fixed costs are (annual one-time costs are converted to the month).
If you have saved enough money to cover your expenses for six months without earning a single euro, then you have earned the 500 Life Score points.
- If you can manage financially for six months without any income, please fill out the form below, including the message that you have completed the Challenge. We will send you the well-deserved Life Score points and the marble.
The Financial Security Challenge in Social Media
We believe that healthy finances are a reason to be proud. We do not want to judge whether they belong in social media. We are of the opinion that everyone has to decide for themselves. While it is possible to exchange tips on saving, investing and stumbling blocks in an innocuous manner, we would not publish specific amounts or plans.
Facebook Gruppe für die “Finanzielle Sicherheit” Challenge
You can exchange ideas with others on topics related to finance and saving in our Facebook group in the Personality section.
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