The Power Of Debt and Self Development

If you were to go to any city and interview people on the streets, ask any friends or relatives or co-workers at your job and ask them: “Would you rather be in debt or out of debt?”  what to you think the percentage of each answer would be?  50/50?  60/40? 100/0?

Lets face it, very few of us WANT to be in debt (I am avoiding saying “no one” wants to be in debt because I always get that ONE person who…. ) 🙂 but in as much as few of us want to be in debt, many of us make several choices, on purpose, daily that actually put, or worse yet keep us in debt.  As soon as we fall into the matrix of debt and compound interest we are often trapped.  Compound interest is the eighth wonder of the world.  With this wonderful creation, we can all wake up more broke than we were when we went to bed the night before! 🙂

In 1999 Warren Buffet was speaking to a group of students in Nebraska about financial success and the three most important principles he shared were:

1. The most important thing to do to succeed is get out of debt.  “You cant make financial progress borrowing money at 18-20%”

2.  The second thing to do is stay out of debt.”  He said “It’s way easier to stay out of trouble than to get out of trouble.”

3.  Invest in yourself! He talked of reading, not needing big name schools with big dollar tuition and getting your mind prepared.  “Your best financial future is your own ability and the capacity to use those abilities to their potential.” and “The biggest thing for your financial future is your self.”

It is interesting that Ben Franklin years before also advised:

“An investment in knowledge pays the best interest.”


I will add the talk from Warren Buffet soon!


Be blessed,


Colin Sexton

“I Am a Self Made….”

We have all heard it; “I’m a self made man/woman!” as if they never learned any success habits, motivation or advice from anyone but themselves. Seems kind of fishy eh?


People are quick to take full credit for their success but has anyone ever heard anyone say “I’m a self made FAILURE!?” Nope! “Why not?” you ask? Funny you should ask! Here is the answer: When it comes to failing, people usually have someone else to blame for that, so there is no reason to take credit for failure as long as it’s someone elses fault. Coincidentally, blaming others is one of the main reasons people CONTINUE to fail because if we don’t take responsibility for failure, we will never look for what we need to change as in our minds, it isn’t us that needs to change but rather the person or circumstance we are blaming.

Failing in itself is not bad by any means, in fact, as long as we can learn from it and fail forward, it can be the best thing to happen to us if we let it.  How many times did you fail trying to walk?  Trying to ride a bike? Catch a baseball or defend a spiked volleyball?  Do you see the power and value in failing?

Embrace it! learn from it! Let it refine and transform you into a success!

Be Blessed,

Colin Sexton