​.How To Avoid High-Income Lifestyle Creep

How To Avoid High-Income Lifestyle Creep
By  Poor Swiss

Posted in Dinar Recaps Archives on 7/13/2019

My personal goal is to become financially free as soon as possible. As a software engineer in Switzerland, I am earning about $130,000 per year, and, lifestyle creep is one of the toughest parts of my life.

With my salary, I am viewed as a high-income earner. And, people think that earning a high-income makes it easier to become financially free.

And in many ways, it does.

But, most high-income earners are not financially free and a lot of them are not even wealthy.

Americans more credit card debt than savingsThe main reason for that is lifestyle creep, and in this post, I’m going to spill the beans about how I battled with the devastating phenomenon as well as how I’m avoiding its grasp!

And more importantly, how high-income earners can overcome lifestyle creep and achieve their own version of financial freedom!

Lifestyle Creep
Let’s start at the beginning: what is lifestyle creep?

As people earn more, they have a tendency to spend more. This means that even though you earn more money each money, you are not saving more. In other words, you aren’t acquiring additional wealth. At least, not much.

This is as simple as that. But it has a large impact on their finances.

Lifestyle creep – also known as lifestyle inflation, is the main reason why many high-income earners are not wealthy. In fact, many high-income earners are less wealthy than some low-income earners.

To continue reading, please go to the original article at

How to avoid high-income lifestyle creep

Why Having a "Vent Buddy" is Important to Your Health

Do you have a Dinarland “Vent Buddy”?

Why having a ‘vent buddy’ is important to your health

May 20, 2019   Kristine Beth Mabini

Having a vent buddy is so important to one’s well-being

It’s that someone you consider a reliable friend whom you can go to whenever you want someone to talk to whom you know won’t judge you

Having a friend who listens to you no matter how overwhelming your rants or situations in life are is undeniably good for you and your health. So, keep that friend.

As a woman, especially when you’re already a mom, it is inevitable that at some point, you go through a series of tough situations which you try to bottle up until you could no longer handle them.

This is when calling a friend or a “vent buddy” comes in. A vent buddy is someone you consider a reliable friend whom you can go to whenever you want someone to talk to whom you know won’t judge you. That someone is the person who would listen to your woes no matter how serious or petty they are; a friend, a relative or even a sibling. Who comes first in your mind?

According to experts, having a “vent buddy” is good for your mental health. Here are some of the reasons why:

It will help you cope

With a vent buddy you are able to release your bottled up emotions and rants in life. A study in 2009 showed that opening up to someone and disclosing your thoughts and struggles to that trusted someone would help you cope and lower the tensions you feel within. Notice how someone’s mere presence could already calm you? 

Most of the time when we are emotionally wrecked and physically tired, we feel that we are alone in the battle but having someone to talk to would instantly make us feel that we’re actually not alone.

Someone out there will be willing to help and listen with empathy. There will always be that buddy friend who understands and cares for you…even when you’re at your worse mood.

You will see a new perspective

Talking to a vent buddy would help you see things through a new perspective. Your vent buddy can simply help you realize what you have been doing wrong (if there are) without having to sugar-coat their words.

You will be able to practice empathy

Remember that you are not just the one experiencing tough things in life; your vent buddy might also be going through something and being able to interact with him/her helps you practice empathy. As each other’s vent buddy, you are able to help each other in staying mentally healthy.

And if you’ve got more than one, that’s good! An extra pair of ears would be just fine.

http://wellbody.net/posts/2019/05/20/why-having-vent-buddy-important-health2/?fbclid=IwAR3wr3tT037GesyDA-LzuCLZzBJ-jWsVrZBTNpp3S6fB59F9lN0KH8-kkl0

.Millennials and Gen Z Get Scammed More than Their Grandparents

Millennials and Gen Z Get Scammed More than Their Grandparents, Sorry

By Maxwell Strachan  Jan 3 2020

“There's a sense of complacency that can develop if you feel like, ‘Oh yeah, my grandma is vulnerable to this stuff, but I'm not.'"

Close your eyes and picture someone at the wrong end of an online scam. Who do you see? Odds are the person looks something like a helpless old lady with thick horn-rimmed glasses and an unsettling willingness to fork over her bank information.

But these days, that years-old stereotype is far from accurate. Tired depictions of naive old woman have masked an unnerving fact: It’s computer-literate millennials and Gen Z who have the real problem with online scams.

 In recent years, people ages 39 and under have been 25 percent more likely to report losing money to fraud than the 40-plus crowd, according to the Federal Trade Commission. That translates to $450 million of lost millennial money over a two-year period ending in August.

The truth is, many Americans who came of age before the internet have approached online payments with a healthy dose of skepticism, which has proven useful as the internet has transformed into particularly fertile ground for fraudsters.

 Younger people who have practically grown up online, however, have displayed a comfort with handing over personal information that is now regularly backfiring on them.

Today, millennials are less likely to fall for scams over the phone than people over 40, but 77 percent more likely to get duped by email scams, and 90 percent more likely to lose money on a fake check scam, like when a person you don’t know asks you to deposit a check and wire some of that money back to them, according to the FTC.

When it comes to online shopping scams, things get particularly bleak: People in their 20s and 30s are more than twice as likely to report getting swindled than older Americans—in the past two years, millennials and Gen Z have lost $70 million to buying items that are never delivered or not at all how they’re advertised

“When we're looking at the differences in reporting [between age groups], it's really, really jarring,” said Monica Vaca, the associate director of the FTC’s division of consumer response and operations.

Loss Reports by Millennials: Top 10 Frauds - Millennials are more likely than other generations to report losing money on many frauds, but less likely on other frauds. Fraud types ranked by number of loss reports per million people 20-39. Percentages indicate the difference in loss reporting rates by people 20-39 as compared to people 40+.

1. Online Shopping

2. Business Imposter Scams

To continue reading, please go to the original article here:

https://www.vice.com/en_us/article/pkedxy/millennials-and-gen-z-get-scammed-more-than-their-grandparents-sorry

Mental and Emotional Preparedness for Wealth

Mental and Emotional Preparedness for Wealth

Emailed to Recaps

Mental and Emotional Preparedness for Money

Prosperity Consciousness Vs Poverty Consciousness

By Wisewarrior   (AKA Classroom for Investing 101 and 201)

Being financially responsible is a habit, and unfortunately one we are not taught in school, or by most parents. And habits are hard to break. So if you have been living paycheck to paycheck most of your life and you suddenly have some or a lot of money, it is unlikely your spending/saving investing habits will change without some dedicated work on yourself.

I mean an honest assessment of your attitudes toward money, spending, possessions, and of course yourself. This event will change you….and I hope for the better.

There’s a lot of excellent info in Dinar Land of do this or do that with your money, but not much on do this with yourself, your mind, your emotions, your heart. So I want to help out in that arena. How am I qualified? Years ago before I took trainings for the stock market I used to have a holistic/spiritual counseling practice.

 I am quite overqualified, with many certifications in many techniques of counseling and guidance, visualization, NLP, hypnotherapy, and healing. I have helped a lot of people make huge long-standing changes, and I am an ordained minister.

If we have several months to wait til we invest, this may be the perfect opportunity for you to read up on the following ideas.

If I gave you a hundred dollar bill, what would you do? Jump up and down and say OOOOH what can I buy? I’m gonna spend it all now! Use it to pay a bill, save it, or invest it? Give it away?

You need to know which kind of person you are. If you are an emotional spender, you will most likely spend all your money and stay broke the rest of your life.

 If you’ve always been broke, this will create a pressure valve and an explosion.  Self discipline is paramount. If you are continually struggling to pay your bills you are likely to continue that way of living even if you have what looks like a wealthy lifestyle.

Assets are things that hold or improve their value over time.

A car that you drive day to day is not an asset (unless it has been signed by Freeway Bill.) A collectible car is an asset. We hope one day again soon a house will be an asset….

And your mind/heart is an asset. It is meant to improve over time! Your mind can create bliss or suffering. It’s up to you.

I suggest you invest heavily in your greatest asset; your mind.

You must look at the foundation for money thoughts that came from your parents…for example if your dad was rich…but your mom had a poverty mentality and she married him to be taken care of; you got mixed messages.

 And if your father was a mean nasty selfish wealthy guy, you may perceive people with money as mean, so you won’t want to have money because you don’t want to be mean and a bad person. How did money cycle through your family?

Did your money earner have a cyclical cash flow? Rich for a few months, broke for a few months…There are so many messages about money: power is money, “filthy rich,” spiritual people are more honorable if they are poor”…too rich for my blood” it goes on and on.

We all have unconscious attitudes toward money that will dictate what we do with money. And sometimes crazy though it seems, the unconscious urge is to get rid of your money, for example if you received a lot of “you are a failure” messages, it is quite likely that you will lose all of your money to stay consistent with being a failure.

 Unfortunately these unconscious thought habits remain even after your parents die, and if you don’t re program yourself, you will repeat whatever unconscious garbage is hanging around from very early learning.

People in the field of prosperity consciousness agree that wealth actually is a spiritual endeavor. Now we all know wars have been started over religious/spiritual beliefs, so let’s not start a war here.

 I believe that different people of different faiths share the same basic beliefs, but just use different words. I can’t remember if it was Ram Das or the Dali Lama who said we are simply drawing from the same ocean but using different cups.

 Society is a collection of many different people, and we get along when we are tolerant and open minded and respectful of others views.

What we are really talking about is The Law of Attraction……you get what you think/believe. And this applies not only to money, but to happiness, health, relationships….everything, really.

Christians use the phrase “you reap what you sow.” People who have more eastern spiritual views or even “New Agey people” or people into Quantum Physics use phrases like money is like a vibration that responds to your thoughts and beliefs.

 Same thing, you reap what you sow said differently. Footforward talks of this very same thing! He says it is your words….and it certainly is….based on your beliefs and thoughts.

So if words have power, be sure you have the kind of power you WANT! In other words, you may need to clean up your unconscious “stuff” so that you are coming from a place of self love, positivity, balance, trust…. Instead of fear, hate, anger, judgment….Because the Law Of Attraction works both ways.

 For example, if you are a young woman who thinks all men are terrible, guess what? You will get terrible men in your life for as long as you hold that belief. So if you are thinking wow I don’t think I can handle all of this money, then guess what? You won’t be able to handle it.

Here is a list of must read books (some have audio along with it) that I highly recommend for you to start/deepen you on your path of being a positive attractor of good. These are the books that took me from severe poverty consciousness to prosperity consciousness.

Secrets Of The Millionaire Mind by T Harv Eker. Excellent at helping you unearth those nasty unconscious thoughts and patterns learned in childhood.

The Dynamic Laws of Prosperity by Catherine Ponder. This is a very Christian book. If you are not Christian, or had a bad religious upbringing experience, omit the words you have difficulty with and substitute universe, divine authority, greater power…

The Force….whatever works for you, but please read it.

Money is My Friend by Phil Laut. Excellent combination of emotional/spiritual and practical.

Money and the Law Of Attraction by Esther and Jerry Hicks. This may be a tad New Agey for some, but don’t let that keep you from reading/listening to it. Great CD to play in your car as you drive around!

The Secret by Rhonda Byrne. A more mainstream presentation of the principles. Plus you can pop it open and read any page when you need a pick me up.

Think And Grow Rich by Napolean Hill. A classic!

Rich Dad Poor Dad by Robert Kyosaki

Deepak Chopra has an old audio Creating Affluence that is wonderful.

Pray/meditate with these ideas and watch your inner and outer results change for the better.

If you are really stuck with some negative programming, consider going to a therapist that works at the unconscious level; visualization, Nero Linguistic Programming or spiritual hypnotherapy Rapid Eye Desensitization (EMDR is excellent for trauma).

After all, the negative programming was received at the unconscious level, so in my opinion, it must be addressed at the unconscious level.

You can go to talk therapy until you are blue in the face and understand why you do what you do, but still repeat the same mistakes. Also therapies that deal with the unconscious mind directly work much faster.

Peace and Love out to all, and may you all be blessed with unending abundance.

Wisewarrior

The Velocity of Money by Virginia Gentleman

The Velocity of Money by Virginia Gentleman

From the Recaps Archives posted on 6/1/2019

Re-posted just in case our Exchange Appointments are really close!!!

From Virginia Gentleman VELOCITY OF MONEY

I know I don't have to state the obvious...GO HAVE FUN WITH SOME OF YOUR NEW FOUND WEALTH. However, I would like to pass on some words of wisdom.

As we get ready to punch it in, please remember to act like you've been in the End Zone before. Take a deep breath and exhale slowly as you collect yourself with the full intentions of acting with class and integrity.

Respectful treatment of others will be an inherent responsibility of your new status, as well as respectful treatment of your money and assets. You owe this to yourself, your family, your neighbors, and your heirs.

Don't hoard it, and on the other hand, don't waste it or give it all away. Save, invest, and spend wisely.

One of the single best things you can do with a small portion, and in effect a very small portion, is to be more generous over at least the next 18-24 months (or the longer) spending your money locally. What do I mean? The answer is the ‘VELOCITY OF MONEY’.

The Velocity of Money is a fairly simple financial concept where a ‘community’ can be positively impacted by the way a group of individuals increase the spending of their money in their economy, and in turn, the ripple effect of that spending as it accelerates throughout that same economy.

It can be local, regional, national, and even global. Velocity of money is most effective in a smaller market with the smaller more predictive population of a local economy, and it isn’t just effective, it is fun for the people spending their increased earnings, or in this case, significant returns on an investment. Yep, that is you!

Anyone who has ever lived in a small town or Suburban area where a new large company has come in and opened a large facility and hired a large amount of employees has witnessed this phenomenon.

Money gets pumped in and spending from increased disposable income begins to spread out through the entire community finding its way into the wallets of all the inhabitants.

The goal is to spend your money at local establishments on services, appliances, home improvements, food, entertainment, and such.

More precisely on things like tipping an extra 5-15 percent, using a valet to park at the local steakhouse (tipping extra), go hear a local band (put money in the tip jar), buy cheese or pork or beef at a farmers market instead of 2 month old shrink wrapped processed cheese from a Big Box store or grocer, get an extra manicure or haircut (tipping extra!), get your car repaired at the mechanic down that side road instead of Walmart or the Dealer.

Buy those nicer hiking boots ‘Made In America’, get your computer cleaned up by that geek in the shop she set up in the old 7-11 building, buy your lumber from the local milled lumber supplier not the National Chain hardware store, deal with a local community bank or credit union with a substantial portion of your money… you get it now right.

Think about it. You may be spending either the same amount or perhaps an extra 10-20%, and you’re getting the same things… OFTEN WITH THE BONUS OF MUCH HIGHER QUALITY PRODUCTS WHILE GETTING TO KNOW YOUR NEIGHBORS ON MAIN STREET!!!

I personally look forward to trying some of the world’s best Craft Breweries in Richmond (tipping generously) and touring some of Virginia’s wineries (tipping generously)… jealous of you Kentucky folks that can tour the best ‘Bourbon’ distilleries on the planet, or you ‘Whiskey’ lovers in Tennessee just outside of Fayetteville down the Admiral Frank B Kelso highway or those in Nashville who can wander in a restaurant and catch a ‘local’ band like Kenny Chesney, lol. Believe it!

By doing this the dominoes of positive change begin to fall within your local community. The ripple effect is that the waiters, mechanics, manicurists, hairstylists, valet, carpenter, plumber, artisan cheesemaker, farmer, and others in your community begin to make more money.

And what do they do? They go out and spend more, tip more, consume more. Your local tax authority makes more sales tax revenue and spends it on improvements.

I’m in America, but the Velocity of Money is true in Canada, Great Britain, Iraq, Vietnam, or anywhere. And guess what? Since this is fun stuff you’ll be doing while spending your hard earned money, you will also be wearing a BIG smile.

There is nothing more infectious and quick to spread goodwill than passing on your smile accompanied by kind words. So be wise with your prosperity and have some fun …LOCALLY.

Even pay attention to those companies being loyal corporate citizens to us through the new Trump incentives to stay and manufacture here, and be loyal to them.

Not a bad time to avoid items and foods imported from Mexico for example …no Avacados or Corona at my Superbowl party this year, which is an example of the deceleration of the Velocity of Money.

The fruit you bear will fall from your tree and spread its seeds…

Live and grow in the nine fruits of the Spirit and you will sow the nine fruits…

Love, Joy, Peace, Patience, Kindness, Goodness, Gentleness, Faithfulness, and Self-Control.

Take care –Virginia Gentleman

.What Does Wealth Mean To You?

What Does Wealth Mean To You?

Posted on Dinar Recaps Archives on 8/4/2019

What Does Wealth Mean To You?Post From Money Saved Is Money Earned

As a member of the personal finance blogger community, I’ve been privy to a multitude of differing opinions about a myriad of finance topics.

While most agree with a few broad topics (financial independence is good, for example) you’ll find that there’s a great deal of variance even among those who are financially savvy.

Go beyond personal finance communities and the variance grows even more.

Why is there such a difference?

What Does Wealth Mean To You?

When it comes down to it, I think a lot of this variance is simply a product of the differences in how people value wealth and success.

Although wealth and success are not traditional synonyms, in this case I think they should be because how you define success is also tied to what you consider wealth.

After all, one definition of wealth is an abundance of a resource. That resource could be many different things depending on what you value and what you consider successful.

Let’s delve more into what wealth means to you, why it matters, and how you can use your definitions of wealth and success to live a more fulfilled life.

What Do You Value?

How do you value wealth and success?

The reason for the variance in opinions and decisions in regard to personal finance is because everyone is different when it comes to what they value.

Yes, lack of financial education can lead you down some dark paths and you should try to avoid the debt trap while in pursuit of what you value, but ultimately a large part of our decisions will be driven by what we value.

So, what is it that you value? How do you measure success? What makes you wealthy?

There are a plethora of things you could mention, but most can be summed up in this list:

Income/moneySavings/investmentsTimeFamily/friendsWorkTitlesRecognitionThings/possessionsHealthExperiences

This list is by no means exhaustive or exclusive, and there will likely be quite a bit of overlap between some of these categories.

No matter which of the above items is most important to you, what you value and how you define wealth and success is largely dependent on your background and experiences.

Ask someone if being a millionaire would make them successful and many (perhaps most) would agree. However, ask someone from a different background if being a millionaire would make them successful and they might claim you need a lot more.

As with anything, it’s the differences in background and experience that shape your attitude and understanding of money, wealth, and success.

This is why everyone is a little different when it comes to personal finance and what matters to them. ​

Why Does It Matter?

You may be thinking that the idea of people defining wealth and success differently is an obvious concept.

So why does this matter? Why do you need to understand what wealth and success mean to you?

It matters because your happiness will ultimately be tied to your definition of success and wealth, regardless of what others think or how they behave.

And it isn’t always easy to determine what means the most to you.

Many people go through life with very little insight into their behavior and the motives behind it. They are unable, or unwilling, to take a look in the mirror and to understand why they act the way they do.

​Aside from knowing what you value and why, understanding your behavior and the factors that shape it are really the only way to truly change that behavior if so desired.

Essentially, what we’re talking about is a concept called metacognition, or thinking about your thinking.

To continue reading, please go to the original article here:

https://www.moneysavedmoneyearned.com/what-does-wealth-mean-to-you/

Wealth Is All In Your Head

From the Recaps Archives posted on 4/30/2019

Wealth Is All In Your Head
April 6, 2019  By Mr. Tako 
 
When you think about it, money is a pretty funny thing.  For a couple thousand years humans used precious things to represent this idea of “money” — ivory, colorful shells, precious gems, livestock, silver, and most notably gold.  This worked well for humanity for a very long time… as long as the values were small.

The general inconvenience of physically carrying a whole bunch of “precious stuff” eventually gave way to paper certificates.  Stand-ins for the real thing.  

After-all, nobody wants to cart around a wheelbarrow full of silver just to buy a new car.  You were liable to get mugged by Robin Hood on the way to the car dealership….

Paper certificates were just so much easier and convenient.  In the past, those paper certificates could be redeemed for the actual “precious stuff”.

I still have a few U.S. $1 bills somewhere from the 1950’s that are actual silver certificates.  It used to be that a person could walk down to the nearest Federal Reserve and exchange those certificates for actual physical silver.  Why anyone would want to do that?  I have no idea, but it was possible all the way up into the 1960’s.

Some of my relatives were really into precious metals.  I received a number of these “silver certificate” dollars as gifts when I was a kid.

Back then, it was mostly the belief that you owned a precious metal that supported a currency.  The fact that you could still convert it into precious metals was sort of a “bonus feature” for the currency.

All this ended in 1971, when President Nixon officially took the U.S. off the gold standard.  The dollar became what’s known as a fiat currency, and around the same time most of the G-10 economies moved to fiat currencies as well.

The only thing really supporting a currency now is belief.  We believe that money has value and therefore it does.  Nowadays, most of our money is simply ones and zeros in a bank database …. data that probably resides in a secure data center somewhere.

Today, hardly anyone I know still uses physical money.  We’ve simply moved on to credit cards, bank transfers, and digital payments.   Only a few of the crazier people I know still keep gold or piles of cash at home.

In essence, money is now simply digital bits (in just the right order), shuttled around with electrons.  Money couldn’t be more ethereal.

To continue reading, please go to the original article at

https://www.mrtakoescapes.com/wealth-is-all-in-your-head/

Different Ways to be Rich in 2019

Different Ways to be Rich in 2019
By  Ben Carlson  August 1, 2019

It’s estimated only 5% of people in the United States are millionaires.

So if we’re using millionaire-status as a way to gauge wealth in this country, a lot of people are never going to get to the point where they’re considered “rich.”

But there are plenty of other ways to live a wealthy life that extend beyond how much money you have in the bank or your portfolio. And even those with a lot of money may not be considered rich when you look at other areas of their life.

Here are some ways to be rich in this day and age that go beyond money:

You have a job you enjoy. If you work a 9-5 job that means roughly 50% of your waking hours during the week are spent in the office, with your colleagues or at your place of employment. Many people put in even more hours than this.

So if you hate your employer, boss, co-workers, or career path that can be an enormous drag on your well-being.

Simply enjoying what you do, who you do it with, and the company you do it for can make for a supremely richer life than the alternative. It would be nice to pair a fulfilling career with a high paycheck but most people never find the former even if they receive the latter.

Being in control of your own time. A big paycheck is always nice but the impact wears off when you’re forced to deal with a stressful work environment, co-workers you don’t care for, or work you’re not appreciated for.

Everyone has aspects of their job they don’t care for but it’s hard to put a value on the ability to control what you work on, who you work with, and performing meaningful work that keeps you engaged.

Having a say in how you generally spend your time in your job is a perk not many workers enjoy. 

The ability to work from anywhere. Working remotely is a relatively new phenomenon because the technology to do so effectively didn’t exist in the past.

Not only does it offer more flexibility but it can boost productivity, help people with their family life, and cut down on time spent commuting. It takes the right personality type and organizational culture to pull it off, but telecommuting can make your work and personal life so much easier.

Having a short commute to work. When looking for office space a few years ago my number one requirement was location. I wanted something as close to home as possible.

Cutting my commute down from 20 minutes to 5 minutes has made me at least 9% happier in life by not dealing with traffic and terrible drivers.

One study found adding 20 minutes to your commute makes you as miserable as receiving a 19% pay cut.

To continue reading, please go to the original article at

https://awealthofcommonsense.com/2019/08/different-ways-to-be-rich-in-2019/

Reminiscing, Reflection, and What Really Matters

Reminiscing, Reflection, and What Really Matters

 Into a Cloud

Ryan Kelly  |  November 13, 2019

MY GREAT-UNCLE, Jerry Kelly, was an American pilot in the Second World War. On Oct. 20, 1944, he was flying a close-support mission over Germany when his P-47 Thunderbolt was hit by anti-aircraft fire. After he radioed that he had smoke in the cockpit, his plane began losing altitude and was last seen disappearing into a cloud. Jerry was 20 years old.

More than 71 years later, a UPS carrier delivered a blue box to my home. The box contained a treasure trove—220 handwritten letters Jerry wrote home from the war. The box was a gift from my dad’s cousin, Phil, who spared no expense in shipping costs and tracked the package every hour to ensure safe delivery. Given my strong interest in Jerry’s life, Phil decided I should be the family guardian of the letters.

I’ve read each letter more than once. I now know Jerry better than most people I deal with every day. People I regularly interact with don’t work out their deepest thoughts and feelings in handwritten letters, and—even if they did—they wouldn’t let me read them.

Jerry’s letters have provided me with many valuable life lessons. Here are seven of those lessons:

1. Saving money brings focus to life. As a pilot, Jerry made a good wage and spent less than he earned. On Oct. 8, 1944, he wrote a letter to his mom expressing the satisfaction he felt from seeing his bank account balance reach $1,200, equal to $17,500 in today’s dollars. Jerry planned to study accounting at the University of Utah upon his return from the war.

Inspiring Presidential Quotes On Life, Liberty, And The Pursuit Of Happiness

Inspiring  Presidential Quotes On Life, Liberty, And The Pursuit Of Happiness
By   Drake Baer   

In honor of America's 238th birthday, we collected the finest aphorisms to come from the Oval Office.

They include life lessons from George Washington, leadership advice from Thomas Jefferson, and reflections on success from Abraham Lincoln.
 
These leaders probably had the toughest job in the world. Here are a few of the things they learned from it.

George Washington   1789-1797    "Associate yourself with men of good quality if you esteem your own reputation; for 'tis better to be alone than in bad company."
 
John Adams   1797-1801    "You will ever remember that all the end of study is to make you a good man and a useful citizen."
 
Thomas Jefferson   1801-1809     "When angry, count ten, before you speak; if very angry, a hundred."
 
James Madison   1809-1817    "The advancement and diffusion of knowledge is the only guardian of true liberty."

James Monroe   1817-1825    "It is by a thorough knowledge of the whole subject that [people] are enabled to judge correctly of the past and to give a proper direction to the future."
 
John Quincy Adams   1825-1829    "If your actions inspire others to dream more, learn more, do more and become more, you are a leader."
 
Andrew Jackson   1829-1837    "Take time to deliberate; but when the time for action arrives, stop thinking and go in."
 
Martin Van Buren   1837-1841    "All the lessons of history and experience must be lost upon us if we are content to trust alone to the peculiar advantages we happen to possess."
 
William Henry Harrison   1841    "I contend that the strongest of all governments is that which is most free."
 
John Tyler   1841-1845     "Wealth can only be accumulated by the earnings of industry and the savings of frugality."
 
James Polk   1845-1849    "May the boldest fear and the wisest tremble when incurring responsibilities on which may depend our country's peace and prosperity, and in some degree the hopes and happiness of the whole human family."
 
Zachary Taylor   1849-1850    "It would be judicious to act with magnanimity towards a prostrate foe."
 
Millard Fillmore   1850-1853    "An honorable defeat is better than a dishonorable victory."
 
Franklin Pierce   1853-1857    "The storm of frenzy and faction must inevitably dash itself in vain against the unshaken rock of the Constitution."
  
James Buchanan   1857-1861    "A long visit to a friend is often a great bore. Never make people twice glad." 

Abraham Lincoln   1861-1865    "Always bear in mind that your own resolution to succeed is more important than any other one thing."
 
Andrew Johnson   1865-1869    "Honest conviction is my courage; the Constitution is my guide."
 
Ulysses S. Grant   1869-1877    "The art of war is simple enough. Find out where your enemy is. Get at him as soon as you can. Strike him as hard as you can, and keep moving on."
 
Rutherford B. Hayes   1877-1881    "For honest merit to succeed amid the tricks and intrigues which are now so lamentably common, I know is difficult; but the honor of success is increased by the obstacles which are to be surmounted. Let me triumph as a man or not at all."
 
James Garfield   1881    "Be fit for more than the thing you are now doing. Let everyone know that you have a reserve in yourself; that you have more power than you are now using. If you are not too large for the place you occupy, you are too small for it."
 
Chester Arthur   1881-1885    "Good ball players make good citizens."
 
Grover Cleveland   1885-1889, 1893-1897    "A truly American sentiment recognizes the dignity of labor and the fact that honor lies in honest toil."
 
Benjamin Harrison   1889-1893    "I pity the man who wants a coat so cheap that the man or woman who produces the cloth will starve in the process."
 
William McKinley   1897-1901    "Our differences are policies; our agreements, principles."

Teddy Roosevelt   1901-1909    "We must dare to be great; and we must realize that greatness is the fruit of toil and sacrifice and high courage."
 
William Taft   1909-1913    "Don't write so that you can be understood, write so that you can't be misunderstood."

Woodrow Wilson   1913-1921    "One cool judgment is worth a thousand hasty counsels. The thing to be supplied is light, not heat."
 
Warren G. Harding   1921-1923    "America's present need is not heroics, but healing; not nostrums, but normalcy; not revolution, but restoration; not agitation, but adjustment; not surgery, but serenity; not the dramatic, but the dispassionate; not experiment, but equipoise; not submergence in internationality, but sustainment in triumphant nationality."
 
Calvin Coolidge   1923-1929    "Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb ... Persistence and determination alone are omnipotent."
 
Herbert Hoover   1929-1933    "Older men declare war. But it is youth that must fight and die. And it is youth who must inherit the tribulation, the sorrow and the triumphs that are the aftermath of war." ​

​Franklin D. Roosevelt   1933-1945    "Yours is not the task of making your way in the world, but the task of remaking the world which you will find before you."  

Harry S. Truman   1945-1953    "I have found the best way to give advice to your children is to find out what they want and then advise them to do it."
 
Dwight Eisenhower   1953-1961    "Neither a wise man or a brave man lies down on the tracks of history to wait for the train of the future to run over him."
 
John F. Kennedy   1961-1963    "Life is never easy. There is work to be done and obligations to be met — obligations to truth, to justice, and to liberty."
 
Lyndon B. Johnson   1963-1969    "If we succeed, it will not be because of what we have, but it will be because of what we are; not because of what we own, but, rather because of what we believe."
 
Richard Nixon   1969-1974   "The American dream does not come to those who fall asleep."

Gerald Ford   1974-1977    "The founding of our Nation was more than a political event; it was an act of faith, a promise to Americans and to the entire world. The Declaration of Independence declared that people can govern themselves, that they can live in freedom with equal rights, that they can respect the rights of others."
 
Jimmy Carter, Jr.   1977-1981    "Piling up material goods cannot fill the emptiness of lives which have no confidence or purpose."
 
Ronald Reagan   1981-1989    "The future doesn't belong to the fainthearted; it belongs to the brave."

George H.W. Bush   1989-1993    "No problem of human making is too great to be overcome by human ingenuity, human energy, and the untiring hope of the human spirit."
 
Bill Clinton   1993-2001    "If you live long enough, you'll make mistakes. But if you learn from them, you'll be a better person. It's how you handle adversity, not how it affects you. The main thing is never quit, never quit, never quit."
 
George W. Bush   2001-2009    "Life takes its own turns, makes its own demands, writes its own story, and along the way, we start to realize we are not the author."
 
Barack Obama   2009-2016    "One voice can change a room. And if one voice can change a room, then it can change a city. And if it can change a city, it can change a state. And if it can change a state, it can change a nation, and if it can change a nation, it can change the world. Your voice can change the world."

To continue reading, please go to the original article here: 

https://www.businessinsider.com/best-inspirational-quotes-from-us-presidents-2014-7

The Seven Deadly Sins Of Personal Finance

The Seven Deadly Sins Of Personal Finance

From the Recaps Archives posted on 6/4/2019

The Seven Deadly Sins Of Personal Finance
By J.D. Roth —03 June 2019

I've been reading and writing about personal finance for more than thirteen years. In that time, I've consumed a lot of books about money. Lately, I've found that it's fun to revisit old favorites.

Recently, for instance, I've been re-reading Brett Wilder's The Quiet Millionaire [my review]. It's different than most personal finance books. It's targeted at those who are farther along their financial journeys rather than at those just starting out. Still, there are bits and pieces in The Quiet Millionaire that are applicable to everyone.

Ten years ago, I wrote that I particularly like Wilder's list of the seven enemies to financial success (which is my phrase, not his). I still like them. He writes:

If you want to become and stay the quiet millionaire, you must plan and manage your financial way of life…You must be proactive in order to obtain the financial life you want. By doing this, you will overcome the seven major obstacles to financial success.

Wilder is saying that we know there are certain common barriers to wealth. These obstacles arise for everyone. Because of this, it's possible to plan in advance to cope with them. First, however, we have to be able to name these enemies so that we can prepare the proper weapons to fight them.

The Seven Enemies of Financial Success
According to Wilder, the seven enemies of financial success are:

Lack of discipline. Without discipline, it's difficult to build wealth. In fact, it's impossible to get rich — slowly or otherwise — if you spend more than you earn. The math just doesn't work. Wilder also warns against compulsive spending, and he urges readers to track where their money is going.

Materialism. Stuff will not enrich your life. It's so very easy to find yourself “keeping up with the Joneses”, succumbing to lifestyle inflation. But materialism breeds discontent. Instead, Wilder says, focus on intellectual and spiritual pursuits to obtain fulfillment.’

Debt. Not all debt is bad, of course. A reasonable mortgage on a sensible home is fine. But consumer debt — or a bad mortgage on a big house — is an enemy to financial success. In fact, bad debt may be the biggest enemy to financial success.

Taxes. It's our responsibility to pay the taxes we owe, but we're under no obligation to pay more than that. “It is not unpatriotic to reduce paying your taxes,” Wilder writes. We should instead actively work to keep our tax burden as low as possible.

Inflation. Inflation is wealth's silent enemy. It will not destroy you all at once. But it's always there, nibbling at the corners of your life, consuming a little cash every year. It's impossible to keep inflation completely at bay, but you can learn to mitigate its effects.

Investment mistakes. Poorly structured investment portfolios can be a killer. This enemy is fought through education, through an understanding of diversification and asset allocation, by taking the emotion out of investing.

Emergencies. The final enemy to financial success is the unexpected: unemployment, death, illness, and legal complications. Without a plan for emergencies, you leave yourself at the mercy of the fickle fates. Carry adequate insurance and maintain an emergency fund!

To continue reading, please go to the original article here:

https://www.getrichslowly.org/?s=7+deadly+sins+of+personal+finance++++++