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Moneyology Copyright 1994-2005 by Andrew
Homer
Personal Attitudes About Money
1
- An economy and a currency are made for people. Not the other way around.
2
- Your attitude toward money is about the "mother thing." The emotional
charge you have about money is to the same extent you feel that you only received
qualified love in your youth.
3 - Do not equate your sense of self-worth
to your job, your income or your assets. You're not your bank account.
4 - We each have our arbitrary rules which we expect others to comply. We're all
judgmental. Don't set-up others or yourself to loose regarding your negative money
attitudes.
5 - Men: Don't be offended by those women who place a high
priority on your earning ability. Not everyone is operating from spiritual values.
Realize that as the mothers of our species, that women are programmed to find
"bread winners," ie., that they're aware of a financial "survival
of the fittest" so as to provide for their offspring. This trait is so ingrained
that many women who don't have children still operate as if they do.
6 - Gift giving is all about the gift giver. Don't attach strings of obligation
to your gifts.
Personal Goals About Money
7
- Realize that money is only a means to an end. Currency has no inherent value.
8 - If you aren't going to keep your money in a safe place, then you may
as well have FUN spending it. If you don't enjoy spending money, then get a woman
to spend it for you.
9 - Be positive toward money and money will be positive
toward you. Honor and bless money and money will honor and bless you.
10 - Realize that success is a process, not a goal.
11 - Visualize the
wholesome ends that you want to obtain. The more details you can specify, the
closer you may find yourself achieving that goal.
12 - Establish your
goals to be achieved in do-able small steps.
13 - In partnerships, decide
which partner is more resourceful at saving money and which partner is more impactful
at spending it. Do not overlap. Segregate those responsibilities.
14
- If you aren't a shrewd investor, then find two or three honest successful investors
to invest your money for you.
15 - In an investment club, you might acquire
healthier attitudes regarding money from your fellow club members.
16
- Regarding business, play a clean game. Or as Malcolm Forbes, Jr. stated, "Good
business is good business."
17 - Focus on the big game, not the
small game. Concentrate on spiritual matters and, somehow, your material concerns
will be resolved.
18 - Consider Relocational Astrology to figure where
to move so that being remunerated for your resourcefulness can be amplified.
19 - Yes, there's more to life than money. There are other resources to cultivate
aside from money: your health, friendships, family life, artistic skills, a UNIQUE
talent that makes a difference in the world, and wholesome life-affirming attitudes.
(Why conceal a unique talent just because you're afraid of standing out?)
Societal Attitudes About Money
20
- Money is an outcome from the concept of private property. Private property is
a concept inherent with the freedom oppression of a patriarchy.
21 -
Money is an abstract concept and a collective myth. Currency has only the validity
that is given to it by the people who believe in it. Therefore, a monetary system
is a religion.
22 - Unfortunately, materialism is the main religion in
America. Malcolm Forbes, Jr. advised that "With all thy getting, get understanding."
Practical Considerations About Money
23
- Your money can come from: salaries, gifts, commissions, loans, interest, dividends,
annuities, Social Security, workman's compensation, retirement funds, gambling,
partners, inheritance, insurance proceeds, royalties, finding it, business, marriage,
ransom, embezzlement, lawsuits, theft, extortion, or forgery.
24 - Ever
consider a career as a professional student? There are loans and grants out there
with your name on them.
25 - There are higher interest rates to be found
overseas. If you pay taxes on that interest, that's your choice.
26
- When gambling in a casino, or speculating elsewhere, duplicate the betting of
the top winner.
27 - You think that banks primarily make their profits
from the interest they collect on loans. Well, since 1980, the 7 largest American
banks have made most of their profits from currency exchange. That's why they
hire as many new math PhDs leaving grad school as possible so as to predict fluctuating
currency exchange rates.
28 - Two of the three most accurate stock market
advisory newsletters are published by Astrologers.
Societal Goals About Money
29
- We will know when goddess revival and the return of the matriarchy is taking
hold when we replace the concept of private ownership with that of community property
and when we put less value in the myth of money and, instead, emphasize barter.
(Which I assume will be the case after World War III.)
Get out of debt one dime at a time Christian
Science Monitor
Getting out of debt is not just
about improving your finances, it's about improving your quality of life.
Take credit cards.
Today's average card charges 17 percent interest,
and an average cardholder carries a $5,000 balance, says Marc Eisenson, editor
of Good Advice
Press and co-author of several personal-finance books.
With interest, that $5,000 loan can easily cost $16,000 to pay off - after taxes.
Counting taxes (in the 28 percent tax bracket), you have to make $4 to cover
every dollar you spend on the credit card, Mr. Eisenson says.
That dramatically
increases the cost of living.
Getting the credit monkey off your back
"dramatically cuts the cost of living. And if you dramatically cut your cost
of living, you have all kinds of options that you don't have if you're always
slightly behind," explains Nancy Castleman, one of Eisenson's co- authors.
Ms Castleman and Eisenson recommend eliminating household debt, including
home mortgages. But even reducing debt to a manageable level can make a big difference,
they say.
To get started, many debt counselors recommend you list every
expenditure for a month. Then you can see how much you spend on, say, pizza delivery,
and decide where to cut back.
If all that record keeping is too much,
"at a minimum, use that spare change that you throw up on the dresser every
night" to pay down debt, Eisenson says.
Eighty-three cents a day
adds up to more than $25 a month. Put that money toward paying down a $100,000,
30-year mortgage, and you could save some $20,000. An extra dime a day -$3 a month
- can save $1,000 and more than nine years of payments on an average credit- card
balance.
It's also a good investment.
Since debt prepayments
aren't taxed the way earnings on investments are, paying down a 17 percent credit
card yields a 23 percent return after taxes. "Where else can you get a 23
percent return, guaranteed, and risk free?" Eisenson says.
Even
paying down a 7 percent or 8 percent mortgage is as reasonable a part of an investment
portfolio as owning a 5 or 6 percent bond, he says.
And mortgages usually
cost more than people imagine, because most people don't have just one.
"We think of it more as a serial mortgage," says Castleman. With moves
and refinancings, "we go from one mortgage to another to another," not
for 30 years, but perhaps for 50.
So early payments can keep you to your
original schedule.
Budgeting to get your debt under control is a slow
process, however. People make the decision to get their finances under control
"again, and again, and again," says Castleman.
You have to
have a reason to be committed to it. And you can't deprive yourself. "You
can't say: I'm not going to go to the movies. I'm never going to eat out. I'm
not going to buy anything I like. I won't get any clothes. I'm just going to pay
off my debts," Eisenson says. "That'll last about an hour."
Once you learn to keep your debts under control, Eisenson and Castleman suggest
you use the money to invest in your whole portfolio, including savings, investment,
spending, education, skills, and spending more time with your family. "Money
isn't really the most important aspect of life," Eisenson says. "If
we save money, we're also saving time."
For example, the cost of
an average new car today approaches six months of a median family income. If you
bought a less expensive car, "that six months could be added to your retirement,"
he says. Copyright 1999, The Christian Science Publishing Society.
Personal Attitudes About Money
