July19
It has been a while since Shawna and I have made even a little post. I believe the last one was about us getting our new iPhones. Let me explain this iPhone situation a little better…
As we have talked about starting up our own businesses, being self employed, and being tight financially, it might seem kind of ironic that we would spend hundreds of dollars on new iPhones as "Business Tools". That would be very hypocritical of us if the $ for the iPhones came out of our own pockets…good thing it didn’t!
About 6 months ago we decided to cancel our Cell Phone Insurance through our Cell Phone Provider (US Cellular). Frankly, we were sick and tired of wasting $10 a month on a replacement insurance policy when each phone still would have a $100 deductible if it were destroyed (by the way, if your phone gets lost, it’s not covered; but if it "breaks" it is). Looking for a different option, we asked our insurance agent about adding small electronics (AKA, our phones) on our homeowner’s policy as separate items. He said that we could do that no prob, so at that time the replacement cost for new phones that would equivalent to what we had, was between $400-$500 per phone (pricing outside of our contract). We insured 2 phones for roughly $1000 total, with a $100 total deduction, for $16 a year. Uh…Hello! Why wouldn’t everyone do this? Needless to say both of our phones crapped out around the same time, about 1 week before the iPhone release. Shawna’s had power issues and my display was blinking on and off, gradually get worse on both cases. We cashed in on our claim, were mailed a check for like $700, and the rest is history (by that I mean, we both bought our iPhones, and we are in LOVE!).
I felt like I needed to explain that to you all, so you didn’t think we weren’t following our own ideas, advice, and principles.
[Side Note: By the way, if we wanted to purchase something like this with our own money in the future, we would follow a little thing we call "the 2nd money principal". What is it: Our first form of income comes in, we invest that in a business, or something that brings in passive income, like a vending machine or whatever. Everything that comes in from that business or investment which is net profit, is the second hand money. Our gold making more gold for us, as it is said in the book,
The Richest Man in Babylon .]
Have a Great Day!
~Chais Meyer
P.S. If anyone has any questions about the 3G iPhone, for business or whatever, I would be glad to answer them for you, if I have an answer.
