This blog is intended for educational purposes only. None of these posts are meant to give legal or financial advice. If you need advice you should consult an appropriate professional.

Sunday, November 2, 2014

Put Each Dollar To Its Best Use

All of us get only so much time on this planet which is unknown.  We also get only a limited amount of dollars to work with in our lifetime.  Some get more than others, but it's never unlimited for anyone.  The question is what do we do with the resources that come our way?  It's not an easy question to answer.  There are a million different things you could spend your money on.  Spending money is easy.  Getting it in the first place is not.  It's hard to lose weight, and it's hard to build wealth.  Society totally works against the wealth builder.  This world wants you to spend and go into debt.  Success is in another direction though which is building capital.  I think the whole goal of personal finance is getting to the point where paid work is optional and no longer needed for survival.  This is extremely difficult to achieve especially with companies and the government doing less and less for the average citizen.  These leaves each one of us more on our own to figure things out.  We are not taught about personal finance in school which is a shame.  If there's one subject that should be taught it's how to handle money efficiently.  So we're left to fend for ourselves in this dog eat dog world.  I can tell you that it is possible to accumulate capital even on the poverty end of income levels because I have successfully done it.  I'm of the opinion of not squandering money.  It really is a precious resource that can earn more money.  Remember that every expenditure of money does matter.  We all have to pay living expenses and survive, and those are non-negotiable.  But if and when we can build a surplus of money from our income we absolutely have to do something smart with it.  It's for our own individual good.  Where I live there are payday lenders and title loan companies everywhere.  It makes me mad really to think about what these businesses do to make money.  The prey on the weak and vulnerable with what amounts to loan sharking.  And they are absolutely thriving.  This is not a good reflection of a healthy citizenry.  It's better not to owe anyone and have investments throwing off cash to pay your bills.  So yes as I observe it the whole system is against each and every one of us.  That's no excuse though.  It's time to take control and think of each dollar as something finite and valuable.  We all have to spend money so put each dollar to its best function.  Don't squander your seeds.  They just might give you fruit to live on someday.  

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