Wrong thinking? Yes I have done so when it comes to my finances. I get set in my ways, in old paradigms, old school thinking and can easily perpetuate the myth that everything is ok, when in fact my financial world was about to collapse on top of me. Impending
The authors of The Millionaire Next Door, Thomas Stanley and William Danko, have spent considerable time in researching the lives of the affluent and the wealthy. Their research led them to the following conclusions about how the rich in America arrived there, and how they continued to stay that way.
Yes I know that when one is young, the desire to become wealthy sometimes enters our minds. Usually we think in terms of money and assets. But the older one gets, the more he/she realizes that wealth is so much more than economic favor. Our culture and society have sold
Should we seek prosperity at any price? Theodore Roosevelt (1858-1919), our American 26th US president did not think so. He said, “The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, and love of soft living and the get-rich-quick
Are you old enough to remember watching the 1986 slapstick comedy, The Money Pit? Whether you’ve seen it or not, this movie is a classic illustration of what it means to be “financially vulnerable”. When Walter (Tom Hanks), an entertainment lawyer, and Anna (Shelley Long), a musician, purchase a beautiful
Millions of people today are on a quest to accumulate possessions and wealth. It is hard to be content with what we have when the world’s entire system is geared toward making us unhappy with everything we have and wanting everything we don’t have. From advertising to attitude, we face
To enjoy life. Debt has a way of diminishing our quality of life. It often takes the enjoyment out of the simple things in life. After piling up debt after debt, we spend half our lives just paying the cost of interest, in addition to repaying the debt. To fulfill
To have money for repairs. If you own or even rent a home, you will need money for repairs and general upkeep. Some examples of possible repairs are a leaky roof, a squeaky furnace, household appliances such as the washer, dryer and refrigerator, and other necessary repairs on vehicles, computers,
To stay mentally healthy. Clear thinking and peace of mind cannot be taken for granted. It is hard to have clarity of thought and difficult to make good, logical and well-reasoned financial decisions when you are stressed under a burden of heavy debt. To maintain a healthy marriage. Finances are