Tag Archives: money

the ultimate measure of financial success

How many times have you heard someone suggest that all their financial problems would magically disappear if they only made more money? But high incomes can’t guarantee financial freedom; there are countless examples of people who earned millions yet still ended up bankrupt. The common thread among folks who get into financial trouble — no matter how much money they make — is their inability to consistently spend less than they earn.

The bottom line: The ultimate measure of financial success is not the size of your paycheck. Rather, it’s the money left in your pocket after paying for all your obligations.


source: Len Penzo

the richest man in babylon by george s clason

The Richest Man In Babylon by George S Clason is one of the few audio books I have enjoyed – and one that I think everyone should read/listen to frequently: it’s the early 20th century version of Dave Ramsey’s Total Money Makeover (another great book).

The advice/suggestions in this book are things I didn’t listen to soon enough – and I’d hasten to help anyone do earlier what I didn’t 🙂

If you take nothing else from this book, follow the first “law”:

The first 10% is mine to keep

From a Christian perspective, that should be reworded to “the second 10% is mine to steward” (if you presume the first tenth belongs to God).

This sounds difficult – but if you incorporate that single principle into your financial thinking early, you will be very well served later in life.