.How To Avoid High-Income Lifestyle Creep
.How To Avoid High-Income Lifestyle Creep
By Poor Swiss
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.
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.
.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.
Mental and Emotional Preparedness for Wealth
.Mental and Emotional Preparedness for Wealth - WiseWarrior
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.
The Velocity of Money by Virginia Gentleman
.The Velocity of Money by Virginia Gentleman
From the Recaps Archives originally 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’.
.What Does Wealth Mean To You?
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.
Wealth Is All In Your Head
.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….
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.
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."
The Seven Deadly Sins Of Personal Finance
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.