Skip to main content

Frugal Co-workers

"Most educators work in an environment with certain characteristics that are strong correlates of wealth accumulation.  Pension planning, investment seminars, and tax-advantage supplemental investment plans are part of an educator's on-campus socialization process.  Adopting a frugal consumption lifestyle and developing good financial and investing skills are all skin to catching a cold.  What happens when you consistently come into contact with sick people?  You get sick.  Work with frugal people, and you may become frugal.  Associate with colleagues who are astute investors, and you may become wealthy one day.  Many educators became good investors because their jobs require them to research, study, and learn new material on a continuous basis.  These processes are easily applied to making investment decisions.

"...live comfortably on 80 percent of their household's income.  They earn more and accumulate more than most of their neighbors.

"...live in a neighborhood where your household is among the top income generators. ...Then live and consume as though your household's income was only 80 percent of what it actually generates.  Save and invest the rest.  Now you are on your way to becoming wealthy.

"What is a good role if you are determined to become wealthy.  The market value of your home you purchase should be less than three times your household's total annual realized income.  ...If you're not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household's annual realized income." - Thomas Stanley, Ph.D. in Stop Acting Rich...and start living like a real millionaire

Part of a healthy, balanced life is having control of our money.  The goal is not necessarily to be wealthy, but to live with in means and to save for future and emergencies.  We need to not let our income define us and enjoy life on what we can with the 80 percent of our income.

Renee Madison, MA, LPC, CSAT is a counselor in Colorado.  She can be reached for appointments at 303-257-7623 or 970-324-6928.
Labels:

Comments

Post a Comment

Popular posts from this blog

Accepting a compliment

"Nearly everyone who is asked, 'What is the proper response to a compliment?' replies, 'Say 'thank you.''  But when actually offered a compliment, only a third of people accept it so simply and smoothly, found linguist Robert Herbert of Binghamton University. "The difficulty lies in the fact that a compliment ('What a nice sweater!') has two levels: a gift component (accept or reject) and a content component (agree or disagree).  The addressee is confronted with a  dilemma--how to respond simultaneously to both: 'I must agree with the speaker and thank him for the gift of a compliment while avoiding self-praise.' "Contrary to conventional wisdom, women aren't worse than men at accepting compliments.  It is the gender of the compliment-giver that most influences the response.  Women and men are both more likely to accept a compliment coming from a man than from a woman.  When a man says, 'Nice scarf," a...
Post a Comment
Read more

Drug use and crime in USA

"Gil Kerlikoske, the White House director of national drug control policy, said a study by his office showed a strong link between drug use and crime.  Eighty percent of the adult males arrested for crimes in Sacramento, California, last year tested positive for at least one illegal drug.  Marijuana was the most commonly detected drug, found in 54 percent of those arrested. "The study found similar results in four other cities: New York, Denver, Atlanta and Chicago.  Among the cities, it included examinations of 1,736 urine samples and 1,938 interviews with men who were arrested.  "Researches found that marijuana was the most popular drug used by men who'd been arrested in all the cities, ranging from a low of 37 percent in Atlanta to a high of 58 percent in Chicago.  Chicago also had the highest overall positive test results, with 86 percent of the men found to have at least one drug in their bloodstreams. "Cocaine ranked as the second most ...
Post a Comment
Read more

Couple Therapy

"What I learned confirmed Bowlby's message that patterns of relating created by attachment, separation, and loss during the first few years of life become fixed and impact all future relationships.  It also confirmed that couples' narratives (i.e. their presenting problems) are the logical products of the cortex playing catch-up with the emotional part of the brain.  The limbic system reacts almost instantaneously.  This understanding supports the view that couple therapy should concentrate not on the espoused content of the partners' conflict but rather on their underlying core dynamics. "Dr Walter Bracelmanns, who was developing his own integration of couple therapy.  I thank him for the support that he gave to the new idea that the focus of the work is the relationship, not the growth of the individual self of each partner." - Marion Solomon in Love and War in Intimate Relationships Couple therapy theories vary greatly.  So many different t...
Post a Comment
Read more