Monday, March 26, 2007

Savings paying off!

We all know how important a savings account is. But have we all had to utilize a savings account because of necessity and not for reasons of recreation or investing? Much to my surprise, for the past 4 months I have had to utilize my savings out of necessity while I focus just about 100% of my time to schooling efforts. So even with my wife working full time, it is safe to say that I have somewhat of a testimony of saving from first hand experience. From a financial standpoint, its easy to say, 'Well why not just go work at so and so for minimum x amount of dollars'. Well, my train of thought is more along the lines of making the investment of time into my school this semester will propel me into the down side of the hill of graduating instead of just working anywhere and taking the risk of lower grades which means having to take the same classes again and prolonging the period of time until I graduate. Slippery downhill slope, right? I think so, that is why I finally took this huge risk of not working, or you might want to look at it as an investment (of time)! So anyway, just to refresh the minds, why is graduating from college so big? Well, as an accounting major, I feel that you need a steady stream of income to produce even a frothier and more heady stream of income. Or in other words, you need money to make money. So I could just go be joe shmoe salesman who is perceived as deceiving and just trying to get my cut for the rest of my life. Or I could have invested this semester and used my savings account to maintain our quality of life, and continue to look up and prepare to meet my goals and apirations for my family's future. The underlyiing moral that I planned on writing about was trying to save half of what you make! It might sound like a tough thing to do, but lets face it, anytime is a good time to sacrifice! Becasue saving now, means enjoying sooner than you would expect.

No comments: