In our previous two blogs, we took the opportunity to outline the basics of payday loans and car title loans. While we’d encourage you to go back and read through the blogs in their entirety, we also understand that you are busy, so we are happy to provide a synopsis of both loan types below. After that, we’ll dive into today’s main priority, which is to inspire our readers toward financial security! How will we do that? You’ll just have to keep reading to find out!

What Is A Payday Loan?

Payday loans, also referred to as cash advances, are loans which help people bridge the gap between paychecks with an emergency cash infusion. To be clear, most people who elect to go the route of the payday loan have exhausted other means of getting that cash. Whether it’s asking friends and family for a little support through a rough financial season or getting denied by credit unions and banks because of a poor credit score,  

What Is A Car Title Loan?

Car title loans involve putting your owned vehicle up as collateral as a part of the loan agreement. While this is obviously riskier, it also allows you to get up to $10,000 in cash. A key benefit of both payday and title loans is that your credit score isn’t a factor in the equation of determining if you qualify for this kind of loan. Be advised, you need to own the car outright to be able to put it up for collateral, but if you are looking to take advantage of the equity in your vehicle for the purposes of getting fast cash, this is worth considering among your options. 

Another key benefit of both payday loans and title loans is that we aren’t concerned with what you are planning to do with the money. This is quite different from what you will experience from credit unions and banks. To be clear, we suggest going the route of a car title loan only if you’ve explored other options and you really need the money, but at the end of the day it is your decision. We want to empower you with the knowledge you need to make a wise, informed decision about your financial future. 

Pay Day Loans

Inspirational Quotes For Achieving Financial Security

Now that we’ve covered the essentials of payday and title loans, we can move on to the fun stuff — helping our readers get inspired to become better financial planners. We know, it’s a chore, and it’s daunting, and it’s downright confusing at times. But! It’s worth your time, energy, and focus. Don’t believe us? Don’t think you are capable? Well, allow a few of these motivational quotes to open up your mind and inspire you to believe that you are capable and that financial security really is possible. 

I believe that the biggest mistake that most people make when it comes to their retirement is they do not plan for it. They take the same route as Alice in the story from “Alice in Wonderland,” in which the cat tells Alice that surely, she will get somewhere as long as she walks long enough. It may not be exactly where you wanted to get to, but you certainly get somewhere.” – Mark Singer, The Changing Landscape of Retirement — What You Don’t Know Could Hurt You

We started off with some pop! Mark Singer, as you no doubt can tell from the quote above, is a financial sage. We love this quote because it taps into a mindset that is so pervasive in today’s world. Why is it so commonplace? Because it’s human nature to avoid uncomfortable thoughts. It’s not easy to sit down and take a look at your bank account, your expenses, and what you can do to become more financially secure. But the fact that it stresses you out should signal just how important it is to do! 

That doesn’t mean it’s easy — but it does make it worth it. Whether you are planning to start a family or not, financial planning is a key form of self-care. Take care of your future self, today, because it won’t just happen on its own. 

Whether we make our own money or rely on someone else, many of us would rather pretend our financial matters don’t exist. Or we hope they’ll just take care of themselves somehow. My ex-husband was like that. He always said, “I bank by prayer. I go to the ATM and pray that money will come out.” – Nancy Levin, Worth: Boost Your Self-Worth to Grow Your Net Worth

This ties in perfectly to the point we highlighted above. Nancy Levin perfectly expresses the sentiment in this quote. Does Nancy’s ex-husband sound like you at all? We aren’t asking to make you feel bad, seeing as how none of us are perfect and all of us are learning new lessons every day, but we want you to get a wake-up-call if that’s what you need. “Banking by prayer”, as the gentleman above stated, is a quick way to get yourself into financial trouble. Putting a blindfold on doesn’t change the cold facts of the matter. 

There is no passion to be found playing small—in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

He may not have written the hottest new financial advice book, but he did accomplish one or two other things in his life. Obviously, we write that with our tongues firmly planted in our cheeks, seeing as how Nelson Mandela is one of the most inspiring people to have walked the planet. 

Getting back to the topic at hand, however, we decided to include this Mandela quote because it relates to the idea of exploring why people don’t invest in their financial future. Yes, it can be stressful, complicated, and downright painful at times, but is there anything in the world that would convince you to make substantial changes in your lifestyle? 

Mandela talks about playing small, in settling for a life that’s less than what you could be doing. Ask yourself this question: “Am I?” What comes to your mind when you investigate your habits, your goals, your dreams? Are you on the right track? What are you doing now to make those dreams a reality in five years, in ten? What are doing right now that would inhibit you from achieving those goals? We’ve only got one life to live, ladies and gentlemen. 

The secret of getting ahead is getting started. The secret to getting started is breaking your complex overwhelming tasks into small manageable tasks and then starting on the first one.” – Mark Twain

Good ol’ Mark, or as his friends and family knew him, Samuel Clemons (free trivia fact for the day), was quite the author. His books are filled with common sense, which is exactly what we are discussing in today’s blog! Most of us know we should be better at financial planning, but many of us get overwhelmed and call it quits before we even get started. 

But that’s just the thing — getting started is the hardest part.  

Mr. Twain hits the proverbial nail on the head when he talks about getting started. Because financial planning, budgeting, and coming to grips with your expenses/lifestyle is so daunting in many cases, it is therefore also overwhelming. We recommend taking Mark Twain’s advice and breaking up the task into bite-size, manageable items. 

Rome wasn’t built in a day, and you won’t become an expert financial planner in 24 hours either. However, can you set ten minutes aside each day to perform a single task? Maybe it’s beginning to look at your typical expenses, or perhaps it is reading a chapter in a book to help you make better financial decisions. We don’t know, but the point is that if you are able to break things up into digestible pieces, you won’t end up choking on the whole, monstrous thing and calling it quits just two weeks later.

Long term thinking and planning enhances short term decision making. Make sure you have a plan of your life in your hand, and that includes the financial plan and your mission.” ― Manoj Arora, From the Rat Race to Financial Freedom

Manoj discusses the other side of short-term/long-term coin. While performing manageable tasks each day is the key to getting started, it’s important to have long-term goals driving what you are doing. What is your why? What wakes you up in the morning that doesn’t have to do with short-term pleasures? Is it your family, your significant other? Is it moving away to a tropical beach someday? 

Whatever it is, it’s crucial to keep that in mind so it can motivate you on days you don’t feel like being thrifty. Again, this isn’t an easy task we are talking about, but it is worthwhile. You can do it! Just take it one day at a time and keep your eyes on the prize (hey, it’s trite, but that doesn’t make it untrue). 

Consider Your Loan Depot

We hope you’ve enjoyed this inspirational blog post. We are Your Loan Depot, the best payday lending company in Texas. We’ve got ten locations and experienced, caring people who are ready to help you with your short-term financial needs. We’ll take the time to walk you through each step of the loan agreement so that you are equipped to make the best decision for you and yours. 

Otherwise, keep checking out our blog for continued financial advice! We hope you find it useful, and good luck! You can do this, just take it one day at a time — and don’t be afraid to ask for help when you need it.