08/28/2026
Friday Financial $$
Utilizing the T.B.A.R. Philosophy
In his book, BY-PROD-UCT, Ian Prukner introduces his theory on how to achieve success. I know what you are thinking...can you be more specific please ? HaHa. Ok what I like most about this philosophy, is that it can and does apply to any genre of one's life. Those involving personal relationships, such as a spouse, children, co-workers, neighbors and friends. The one relationship often overlooked, because it is not thought of as a relationship is the one we have with our money. So what is T.B.A.R. ? Simply stated T.B.A.R. is an acronym that stands for.....
THINKING - BELIEFS - ACTIONS - RESULTS ..... so let's break it down.
THINKING Let me introduce you to what is known as the Pareto Principal (aka 80/20 Rule). That is to say that 80% of our outcomes (outputs), stem from 20% of causes (inputs). But before adjusting your thought pattern, be sure that your attitude towards money is correct.
Q: How will I know if my attitude is correct ?
A: Ask yourself...Is money something I worship or a tool to accomplish my goal ?
Who is in charge...You or your money ? The only way to know this is to live on a budget. I know the dredded "B" word...LOL. Why do so many people have an almost visceral reaction to to that word ? I believe it goes to the other 80/20 rule.
"Managing money is 80% emotional and 20% intellectual"
- Dave Ramsey
Here are a couple of influencers to thought...
1) What we read; watch and listen to (The Input !)
2) Who we associate with "We are the average of the 5 people we spend most of our time with"
- Jim Rohn
BELIEFS Thought patterns are essential to what we believe, so naturally it is critical to develop good habits in this area. Once again, this goes to the input and you will notice this become a theme throughout.
"Belief is the thermostat for what we accomplish in life"
- Ian Prukner
Not many things in life are guaranteed, but the one thing you can count on (besides death and taxes...LOL) is the fact that our actions are a BY-PROD-UCT of our beliefs. So be sure your beliefs are accurate, by way of means testing them against the latest data available. Again we are discussing personal finance, so for example, application would tell us to always be in tune to what interest we are paying on debt and earning through investment. Once you believe that interest you are paying, is nothing more than lost opportunity and robbing you of interest you could be earning, you will then take action by way of making adjustments.
What we believe leads to our actions.....PERIOD !
ACTIONS
Amplitude x Precision x Time = RESULTS
Amplitude - The textbook definition describes it as a measure of wave height, but in this example we are referring to intensity. How energized are you to win at the game of money ?
Often time people "DO" the right things, but lack the volume to build momentum required for success.
"Stay focused on the details... how we do the little things is how we do everything"
- Ian Pruckner
Precision - Again, the official definition is taken from the world of science, as it relates to the consistency of measurements. In the financial sense, you want to be sure you are consistent with your money. What does that look like ? Staying on budget; always meeting contribution minimums to a retirement plan; tracking the return on your investments.
Time - For many people TIME presents the biggest challenge of the three, because patience is required. This goes back to the "T" when I quoted Dave Ramsey and the 80/20 rule (80% of managing money is emotional and based on behaviour). The truth is that time allows us to take advantage of compounding interest, the 8th wonder of the world.
RESULTS
"Everything around us, the quality of our life; our relationships; our finances and our legacy are results. They are all BY-PROD-UCTS."
"When we master the input, the output takes care of itself"
- Ian Pruckner
We are called to be good stewards of the wealth entrusted to us...
"A person can receive only what is given them from heaven."
John 3:27
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