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Thursday, July 31, 2008

Money Matters . . .

Just posted a comment on my friend Sans Auto's blog after reading his post "The All Mighty Dollar".
I just read a book that talks a lot about living simply and saving money. The authors are very much not into the stock market, and instead favor fixed-rate investments (CDs, quality bonds, etc.) and frugality. It makes for a potentially lower return over time, but also a lot less stress and worry. They don't say "never buy anything", but they do say "only buy things that really add meaning to your life".
I think that one of the most awesome feelings I could have in this life would be to save enough (and simplify enough) that I no longer HAVE TO work. It would feel like when you were a kid and summer break was just starting. With cars/house/student loan paid off and enough money saved to get by on the interest, a person can work as much or as little as they feel like. Just as important, a person would be less-compelled to compromise their principles for that "all mighty" dollar.
I watched a couple things lately that really motivated me to get as financially secure as possible. On the National Geographic Channel they were interviewing a poor lady (one of many) in India who sold one of her kidneys on the black market (to be subsequently placed in the child of a wealthy foreigner) for about $700. She had been told she'd receive $3500, of course, but that didn't happen. That same night, we also finished watching a documentary called "Deep Water". It's about a British man who entered a sailing competition to circle the globe without ever stopping in port. He had very little experience but acted like he did, spent a LOT of time by himself out there in the ocean, faked his progress over the radio, basically went crazy (partly driven by having to own up to his dishonesty on returning to port), and committed suicide. He needed the money too.
So all I can say is, be smart about what you buy, get out of debt, and make your money serve you (and not the other way around).

2 comments:

Living Lavallee said...

I've discovered Dave Ramsey on the radio out here. He says everything the Church does (have 3-6 months of living expenses saved, spend less than you make, don't go into debt or get out of it fast...), and goes right along with your aspirations. www.daveramsey.com

Bri-onic Man said...

I'll check it out . . . I've heard of him and learned some stuff from him in the past (I think I watched a video where he talks about getting out of debt). Getting debt under control can be kind of a fun hobby. :-)