No Money Today

Silly Symphony by Walt Disney, 1935. Story of King Midas where everything he touches turns into gold. What lesson can be learned from this video?

What do you do with your spare change? Do you put them in a jar and leave it there? Do you know how much spare change you have? I used to give my son my spare change of anything under a dollar and when we counted it a few months later. He had over $50 in change. I went to the bank and got some free coin rolls. Yes, it's free, you don't have to buy them. Banks will give you some for free. We packed the coins and put it into his savings account. Image courtesy of Coins of the World Don't just leave your change lying around. Count it and invest it or pay down your debts. It's better than sitting idle in a jar. You may have more money than you think.

One thing I've learned about wealth is that it is a frame of mind. If you feel wealthy, you will eventually attract wealth and become wealthy. One of the best ways to feel wealthy is to actually carry cash. Technology is amazing especially with regards to how we pay and carry money. You can pay your bills by credit card, debit cards, cellphone, pre-paid cards, etc. In some cases, you just tap a card on a terminal and it's paid. We feel that we're always connected to our money that if you ask a majority of people, a lot of them don't carry cash anymore especially young people. You see a wallet full of credit cards but no cash. There's a lot of benefit in carrying actual cash. For one, you can easily keep to your budget since you know that if you have no more cash, there's no more money to spend. It gives you an immediate visual cue as to how wealthy you are. Cash also gives you a psychological feeling of wealth compared to a plastic card. Besides, most pl...

The Bible has many lessons regarding wealth. The one I like most is the Parable of Talents. The parable tells of a master who was leaving his home to travel, and before going, entrusted his property to his servants. One servant receives five talents, the second two talents, and the third one talent, according to their respective abilities. I found a video that tells this story very well. Putting the religious lesson aside, the Parable of Talent teaches that one should have respect for money and make money work for you to let it grow. If you give money the respect it deserves, you will be richly rewarded. However, if you are lazy and let your money stagnate or keep it under your mattress, you will have the same amount of money and it will eventually lose it just like Hod, the last servant in the video. Like the master said, if Hod was not willing to risk the money, he should have at least given the money to the bankers so that the master would have earned interest on it. Inste...

A lot of people like to get rich quick. But in reality, the majority of millionaires made their money over a long time. The book by Thomas J. Stanley called the Millionaire Next Door exemplifies this very well. The people in his book who retired millionaires are ordinary folks with ordinary jobs and businesses who saved money diligently and invested them wisely. It takes years to build wealth and you build it slowly over time. Be frugal and increase your capacity to earn to amplify your ability to make money and save money. Most financial advisers tell you to avoid debt. There is nothing wrong with debt as long as the debt is not bad debts. Imagine you are training for a race and part of your training have you pulling a 100 lbs sack much like football players do in training. If you are training for the 100 meter dash and you are pulling 100 lbs weights across your back. It will help build your muscle and get your across the finish line faster. That's akin to a trader us...

Put your hand in your pockets and pull them out. What did you get? If it's empty, you've come to the right site. Do you feel like you're always running on empty no matter how hard you work? That there's just more days in the month than money? You're not alone. Millions of people feel the same way and it is getting harder and harder to make a living. But take heart, there's always a way to fix that. Some of what you'll read on this blog are money saving tips, investing, budgeting and choosing the right financial or insurance plan and book recommendations to enhance your knowledge and get you on the right track.