How to Protect Your Money
I think it’s safe to assume that no one has extra money they just want to throw away. Therefore, it’s important that we do whatever we can to protect the money we work hard for.
One simple way to protect your money is to let your senators and representatives know that you do not want tax increases. That isn’t a statement from any particular party. It’s coming from a citizen who is concerned with the scary precedent that is being set.
Right now it sounds harmless . . . hey, just take it from the rich guy. He won’t miss it. However, that starts us down a very slippery slope. What is going to prevent those same people you elected from starting to lower the baseline? What will prevent those elected officials from slipping in a new bill that raises your taxes to 50% of your income? It sounded ok when the guy down the street had to pay that much but now it doesn’t sound like such a great idea when it affects your bank account does it?
Don’t be misguided by the news reports and Obama’s marketing campaign about “change.” Use your own common sense to review the facts and make an informed decision. Don’t let the government spend YOUR money under the guise of a major economic crisis. That is just a slick way of slipping in a whole bunch of new payouts without anyone looking. These elected officials are supposed to vote on your behalf. If yours are not, make your voice heard. Start calling and writing letters letting them know you didn’t vote them into office to act like this. You are paying their salary and they report to you. Don’t let them trick you into thinking they know best. You know how best to spend your money. Don’t hand it over to someone else to spend for you. If you don’t stand up for the right to keep your hard earned money, who else will?
Do You Have a Billionaire Mindset?
I bought a book last year that explained how billionaires think and why that is a key factor in their success. It all starts with something as simple as our thoughts. Interesting eh? I really agree with that.
For example, our poverty mentality says that we need to wash our own car because we want to save the $10 it would cost to pay someone else to do it. However, a billionaire sees his time as his most precious commodity and does the reverse. He pays someone $10 to wash the car and spends that hour doing something that will end up making money him a lot more than $10 in the long run. It may be reading a book on finances or listening to an entrepreneur teach about how he started a business. He sees that $10 as an investment into his future. He believes that his time is worth more than $10 an hour and therefore makes decisions with that in mind. It is the complete opposite of what our instinct tells us to do but the proof is in the pudding. The fact is that they are the billionaires so they must know what they are doing!
What Is Your Money Mgt Style?
Do you live on a strict budget or do you buy what you need and see how it comes out at the end of the month? What are your reasons for your money management style?
