Smart Reasons to Save, Use and Invest Money

MoneyReasons Weekly Cache 2010, Mar 07

Weekly Cache - 2010, Mar 07

Random Thoughts:

 (temet nosce)

As some of you can tell from my Yakezie badge in my sidebar to the right, I’m part of the www.FinancialSamurai.com Alexa Challenge!  Last week, the carival was hosted by Jeff  at DeliverAwayDebt.com, he did an excellent job, especially since it was though of a day or so before.

Because of the carnival, I wasn’t going to publish the page “Weekly Cache” today, I was going to move it to Friday instead.  But, while I suppore the Alexa effort, I still have to follow my own path too.  So, right before I was about to throw this post in the old recycle bin, I had a change of heart.

So without further ado:

My Favorite Top 5 PF Blogger Posts For The Week:

www.frugaldad.com’sWeekly Roundup: How Often Do You Grocery Shop? : I picked this post because of frugaldad’s question about how often do you drive to the grocery story.  This point that he makes, ties in nicely to my piece about implusive spenders: Saving By Paying Attention – Impulsers.  While this topic area is not the most exciting ready, if you master your impulses, it’s has a big BIG impact on the amount of money you can accumulate, and debt you can avoid!

www.getrichslowly.org’sBack from Belize:  I picked this one because of the awesome picture of the ruin, and the message that you can glean if you think beyond the page!  In my opinion, that message is: “Once you are free from the burdens of debt, you can do and try things that are important to you”!  Although, the picture of that pyramid is pretty awesome! :)

www.plantingdollars.comI Always Knew I Was Going to be Rich:  This piece is Ryan’s “look at me, I will succeed” proclamation!  Indirectly, he’s inviting us all to watch his progress as he develops as an original, unconvential entrepreneur.  Personally, I will be watching!  He has the drive, ambition, cleverness and quality to be one of the best bloggers out there (and I’m sure one of the best shark photographers too).  He is the epitomy of Carpe Diem!

www.eliminatethemuda.comwww.eliminatethemuda.com:  Yes, I have 2 links that are exactly the same, back to back.  Why?  Because the LeanLifeCoach’s site is literally full of great material.  I could list each of the coaches post in at least 3 of my reviews for the week.  Instead I invite you to go over and and a stroll throught the Coaches’ current content and archive.  I promise you won’t be disappointed.  Please note, you might want get to a piece of paper and pencil to write some of the information in his posts down.  Yeah, the material is that good!

www.myjourneytomillions.com - Don’t Blame Others for Your Debt Get up and Do Something About It! - And finally Kevin’s post (it actually ties back into my random thoughts line above, temet nosce; opps just I created an infinite loop).  In the end, you are responsible for your debt, so please don’t live your life in denial!  You have friends out there willing to help!  I often extend a hand to friends by offer advice.  Sometimes it’s verbally slapped away, and other times its heeded but in a discreet or perhaps a subliminal manner.  The only way I know that the message I conveyed was later acted upon, is when those cast of friends come back to me, oh maybe a week or month later telling me the clever move that they did thought of… which happen to be the exact thing I told them initially (hmmm, maybe I’m really a jedi master :) ).

My Favorite Post from Money Reasons This Week:

My Thoughts on Allowances For Less Than Rich Kids - By far, this is not my most popular post this week.  But I personally like it because it goes against the herd mentality of 30/30/30 (saving/spending/charity).  I believe 1 shoe does not fits all, and this is what the standard wisdom around kid’s allowance repeats.  I think my allowance system that I give my kids makes the most sense and is in stark contrast to 30/30/30 matra. 

My question is… do you give 30% of your discretionary income (this is your gross paycheck minus the taxes, etc) to charity? 

I know I don’t, and I’m not going to start.  Besides the way things are going, our govenment will do that for us automatically (much to my chagrin)… ;)

Closing Thoughts:

Don’t read books, magazines, blog post, or listen to others blindly. To often, people believe the first thing they hear, and stick to that first believe stubbornly.  Think for youself, create new realities based on your experiences and the information provided to you, and revisit and review your beliefs.  After all, if we all followed the same lines of thinking wouldn’t our existence (and society even more so) be truly stagnant and boring?

MR…

6 Responses to MoneyReasons Weekly Cache 2010, Mar 07

  1. Just joined the challenge. I also like the PF blogs you mentioned; they offer some good reads!

    Nice site BTW- First time visitor!
    Cheers,
    The Rat
    .-= The Rat´s last blog ..BIN Revisited: From Tantrum to Tantalization =-.

  2. Welcome to the site, and thanks! :)

    I’ll check out your site shortly, great gravatar by the way!

  3. Wow, I am honored by our comments. You are too kind!

    Frankly I feel honored to even be associated with so many great writers involved in the Yakezie and this means you too!

    As for your question, I don’t give 30% to charity but would love to be in a position to do so.

    Someone (I’d credit them if I could remember who) recently said personal finance is “personal” for a reason. No rule of thumb fits everyone.
    .-= LeanLifeCoach´s last blog ..Lean – Life – Learn =-.

  4. @LeanLifeCoach
    I’ve learned so much since I started blogging! While I’ve been reading financial blogs for years, I just visited a few of the larger ones… Now I’m seeing a much content rich world out there! It’s exciting!

    Your site has some quality learning pieces that most people have never heard before! A very welcome and valuable contribution to the pf blogsphere!

    As for the 30% to charity, if I were part of the rich class, as in my article, I’d like to think that I’d have no problems making 30% contributions to charity…

    But currently, to quote the infinitely wise, Mel Gibson character in Lethal Weapon “Not on my salary”! At least not today…

    Thanks for stopping by! Even your comments are high quality, and make me think! :)

  5. Hey,

    I really enjoyed your closing thoughts. It reminds me of some advice that I received when I was younger: we have to be less like a sponge, absorbing everything that’s presented to us and more like a sieve, deciding what will stick with us.

    Also, awesome round up.
    .-= mike´s last blog ..Life Style Inflation: Why Your Savings Is Not Growing as Fast as Your Income =-.

    • Hey, I’ve never heard that advice before! That’s pretty clever, I like it :) Hmm, I’ll use that with my kids when the get older! Thanks!

      Actually, I think that advice kind of describes me…

      Thanks for stopping by! I like your gravatar/avatar!