The P-L-E-A-S-U-R-E Party

Posted by Badger Coach on June 9th, 2014

Now that I have your attention, continue reading to learn more about the P-L-E-A-S-U-R-E Party.

Can money buy happiness? If you earned more money would you be happier? In a  recent study conducted by Princeton, University, participants were asked how much annual income they would need to feel financially secure? Surprisingly, the dollar amount was much less than they anticipated. It was $75,000. And then in a FoodBev survey and in a Fiscal Times survey conducted with the help BDO Accounting, the answer was between $150,000 and $250,000. I guess it’s safe to say that the answer for you is somewhere between these numbers, unless you are an outlier and want more. A lot more. What these studies and surveys did not address was the total debt carried by each person interviewed. This is important because if the survey participants were debt-free, the need and not want for more money could be reduced.

How Good is Your Imagination?

I have a few questions for you? What if there was a way for you to get rid of your credit card debt, auto loan, and student loan debt within the next 60 to 84 months without refinancing or taking out another loan? Would you want to know how to do it? Can you imagine how your life would be if these debts were eliminated? When do you want to get started? The next questions I have for you are these—If after the previously listed debts were eliminated, and it took another 60 to 84 months to pay off the mortgage on your home without refinancing or taking out another loan, would you want to know how to do it? Can you imagine how your life would be if this debt were eliminated? When do you want to get started? The last questions I have for you are—What if there was a way for you to pay off all your debts without any significant changes in your lifestyle? Meaning, you could continue to get your hair and nails done, go to the spa, and enjoy a girls-night-out once a month too. Would you want to know how to do it? If you cannot imagine living debt-free or having a low-debt lifestyle, do not read any further. On the other hand, if you can imagine living your life without these debts— congratulations! This is the first step on the path to live the life you deserve to live. You must be able to imagine living the life you want to live before you can live it. Now that you can imagine living a debt-free lifestyle, the second step on the pathway requires you to take inventory of all your debts. This means that you will need to add up all your debts (e.g., credit cards, auto loans, student loans, and mortgage loans). Do not include monthly bills like utilities and cable television. The third step is to develop and follow a system to eliminate your debts as quickly as possible. The fourth and final step is for you to stay on this path until you have successfully completed your task. This system does require discipline, but you can have fun doing it.

Invest vs Pay Off Debt

Many financial advisor’s are only concerned with getting you to invest in the stock market. The fact that you have debt is your problem. Financial advisors will also argue that stock market performance, tax deductions, and tax deferrals on contributions to your 401(k), 403(b) or Thrift Savings Plan outweigh any of the negative benefits associated with debt. To find out if you should invest or pay off debt, add up all the interest rates on all your debts and determine the average interest rate. Whatever this number is, say 9%, add 8 to this number (e.g., 9 + 8 = 17). The third number tells you the annual interest rate you will need to earn on your investments if you want to earn a debt-adjusted 8% rate of return in the stock market. So, if you are paying more in interest on your debts than you are earning on the interest from your investments, does it make sense to invest in the stock market?

Lost Opportunity Costs

The reason you are in debt is because you did not have cash to pay for big ticket items outright and are in the habit of using a credit card to pay for Christmas gifts, vacations, back-to-school items, clothes, car repairs, etc. If you want to make purchases without using your own cash, you most likely will have to ask a lending institution to lend you the money, at which time they charge you interest to penalize you for not having your own money. The problem with being charged interest on a loan is that it builds wealth for someone else and not for you. Imagine for a moment that you had the following debts:

Bal. Owed
Min. Payment
Credit Card
Auto Loan

How long would it take for you to pay them off? And how much interest would you have paid? The answer is it would take you 199.6 years to pay off these two debts and you would have paid $143,000 in interest. The reason it will take so long has nothing to do with the auto loan, as it will be paid off in 60 months, assuming it’s a brand new car and you make your monthly payments on time. The reason it will take so long is because you are making minimum payments on an account (i.e,. credit card) that charges interest daily, causing a very small percentage of your minimum monthly payment to go towards repaying the principal on the loan. To state the obvious, $143,000 in interest is a lot of money that went to someone else and not you. However, if you paid off both debts in 60 months, and then took the money you were using to pay these two debts and, over the next 60 months, invested it in a risk-free savings account earning 3.5% per year, you would have accumulated almost $41,000 in your risk-free account. This is known as a Lost Opportunity Cost. The interest that you could have earned but instead paid to someone else is your lost opportunity to live the life you want to live.

The Definition of P-L-E-A-S-U-R-E

We all know that money cannot buy happiness, but it sure can buy a lot of pleasure. However, the wrong kind of pleasure can get you into a lot of trouble. To help you to never forget my definition of the word “Pleasure”, I have created my own  P-L-E-A-S-U-R-E acronym, and it means the following:        Pissing Lifetime Earnings Away So U Remain En-slaved.  Another way to view “pleasure” is to remember that if you are receiving pleasure, someone has to give it to you or create the experience for you, in exchange for something that you have of value. It is at the intersection of pleasure and value that happiness and wealth are created and destroyed. Now, when it comes to creating and destroying wealth, nobody does it better than Wall Street. According to Wall Street, the best way for you to build wealth is for you to buy a house, invest in the stock market, and have good credit. What this means to you is this: take out a loan, gamble, and have a successful history of being in debt. This strategy may work for the top 1 percent that Wall Street caters to, but it does not work well for the people they prey upon—Main Street.

P-L-E-A-S-U-R-E  Party

To begin your debt-freedom journey, I want you to invite all your closest friends and family members to, what I call,  a private P-L-E-A-S-U-R-E Party where you will announce to everyone the journey you’re about to take. The purpose of the party is to help you stop throwing away money to service your debts. The reason you want to make it a festive event is because you need to get in the habit of celebrating your achievements. Making the decision to live the life you deserve to live is certainly a reason to celebrate.  Another reason for having the party is to encourage someone else who may be suffering in silence to follow your example of pursuing a debt-free lifestyle. The final reason is that you need cheerleaders to encourage you along the way. While on this journey, be sure to let those who attended your first P-L-E-A-S-U-R-E Party know each time you pay off a debt. And when you pay it off, what you consider to be, a large debt, have another private    P-L-E-A-S-U-R-E Party to prove to your friends and family that your system is working and that you are working the system. The other purpose of the party is for you to renew your commitment to yourself and to encourage others to do the same.


One way to find money to help pay off your debt is to reduce your expenses by 10 percent, and take those savings and apply it towards eliminating debt. You can also take 50 percent of your tax refund and use it to eliminate debt. While these tips will help to pay off your debt, you may want to implement a more aggressive plan of attack. Contact Badger Coach on how you can get rid of all your debts in half the time for a one-time fee starting as low as $300.


No one but you can change the future you see. If think you will always be up to your eyeballs in debt, you will be. If you think you have what it takes to set yourself free from bondage, you can. If you think you can make the necessary sacrifices today so that you can live the life you want tomorrow, do it.  If you are not willing to pay the price today, you will ultimately pay a much higher price later on—one that could cost you your health, your marriage, or worse. And that may be a price you really cannot afford to pay.




The opinions expressed are those of the author and is for educational purposes only, and not an offer to buy or sell securities.  Use this information at your own risk. Investing involves significant risk, even the loss of capital. Invest only what you can afford to lose. Past performance is not indicative of future results. Guarantees provided by an insurance company are based on its claims paying ability. Policy loans will reduce the death benefit, until repaid in full.  Upon termination (not death of policy holder) of a policy, unpaid loans and the accrued/capitalized interest will be taxed as ordinary income.   Unpaid policy loans may be  taxed at ordinary income tax rates in the year of the  lapsed, surrendered, or terminated policy. As always, please consult with a qualified legal, tax, insurance or investment professional before making any investment or insurance decision.

Comments are closed.