A plan that was attempted and failed is always better than failing to plan. Right? If you don’t plan at all, you are just guaranteeing failure. Being mentally, relationally, spiritually, physically, and emotionally disciplined all have guaranteed dividends. But how does discipline kill a bear?
Month: January 2018
The Fourth Philosophy: Make Investing Exciting!
The reason that The Fourth Philosophy is so important is that it encourages us to stick to the method that we know works and to recognize that the excitement involved is in the profits we know we are likely to make over the next 10, 20, or 30 years. This is how we make investing exciting!
The Second Philosophy: The One Month Rule
We all know the feeling. You purchase something in a moment of brilliance that you have to buy. You think it’s great. Surely, this new (insert: financed car/home, expensive clothes, computer, etc) is going to make you happy. It’s the best thing since sliced bread. Then it hits…. buyer’s remorse. Let the One Month Rule help you out next time.
A new golden rule? The Doctrine of Charity
Charity is defined as “the voluntary giving of help, typically in the form of money, to those in need.” While charity via giving money is a good thing (and one we encourage!) it is not the only form of charity. Charity can be given through a variety of mechanisms to “those in need.” One way is through the Doctrine of Charity.
How To Think About Money: A Review
Follow along to see whether I recommend this book or not, outline my favorite portions, and highlight some favorite quotes.
Budgeting: Four False Assumptions
Budgeting has earned quite the bad wrap. It is often viewed negatively whereas “tracking spending” is viewed as the positive term. Today we will look into the top four false assumptions regarding budgeting, and discuss why it may be a necessary and beneficial endeavor.