Monday, April 2, 2007

Better to Give Than Recieve

Just a quick plug for today. The principle of giving if you want to recieve is something that all of us should incorporate into all of our financial decisions. Matter of fact, my Accounting instructor mentioned this to our class right around the same time the class started and it has kind of stuck with me. I dont think it should matter wether you are religious or not, but I do feel that if you give 10% of your income even if you do not see anything monetary directly in return, I feel very strongly that just the practice of giving a percentage a month will create a discipline that cant be broken. Think of it as creating a habit. We all know how hard it is to break a habit. So making this a habit will also create the habit of saving a percentage per paycheck. So lets figure that becasue it takes 21 days continously of repitition to create a habit, (most people agree), we will save our paychecks for 21 consecutive weeks and 'voila' you have created a habit that will sustain you through just about any financial roller coaster that you might encounter for the rest of your life. Sounds good doesnt it! I feel that the stability of many families throughout the world could be saved simply by generating this practice of giving especially when they are just getting started. Because we all know that when you dont give when you have little, you wont give when you have lots!!!!!

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