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| General Discussion Please read our Forum Rules before posting Feel free to talk about anything and everything about money. |
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Slightly paraphrased.
"Dad, Mrs. Stain's mom is in the hospital and it looks very bad. We don't have the money to put gas in the car to get there and the checking account is overdrawn. Could we come down to your place halfway there and borrow the rest?" - Me. A few moments like that are all the motivation I need. |
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"Yesterday is a cancelled check;
tomorrow is a promissory note; today is the only cash you have – so spend it wisely." ~Kay Lyons |
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"Understand that even a bargain costs money. Only buy what you really need or will appreciate enough to justify its price." ~Chilaw on NetworthIQ
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The "pay yourself first" are said by the financial investment industry to get you to pay your self first so that you will have $$ to invest in their funds and schemes. It is far better to pay yourself LAST...that way you get the debt paid down and out of the way first, get the obligations and liabilities out of the way, then with what is left, you take for yourself. The crowd likes the platitudes such as "pay yourself first"...and other platatides too....the crowd is usually wrong....be a maverick...do what is exceedingly obvious, even as the "experts" say otherwise. |
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"We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty or profusion and servitude." - Thomas Jefferson
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The best way to build wealth is to concentrate on your self, your own situation. Let others worry about their own nest egg. This is not to suggest you go at it alone, but rather to focus and concentrate on your own dealings first and foremost. This is the American way, the power of the individual, the maverick...otherwise, what you describe in your post is socialism, and you know where that got the USSR ;-) In in America, we can be individualistic, yet at the same time, a good neighbor....strong tall fences make strong neighbors...that sort of thing.... |
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Quote:
The best way to build wealth is to concentrate on your self, your own situation. Let others worry about their own nest egg. This is not to suggest you go at it alone, but rather to focus and concentrate on your own dealings first and foremost. This is the American way, the power of the individual, the maverick...otherwise, what you describe in your post is socialism, and you know where that got the USSR ;-) In in America, we can be individualistic, yet at the same time, a good neighbor....strong tall fences make strong neighbors...that sort of thing.... |
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"He who does not economize will have to agonize."-Confusius
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"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be
tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." - Cicero - 55 BC |
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