Expenses

Check this out from consumerism commentary:

Money has been said to change people’s motivation (mainly for the better) and their behavior toward others (mainly for the worse). The results of nine experiments suggest that money brings about a self-sufficient orientation in which people prefer to be free of dependency and dependents. Reminders of money, relative to nonmoney reminders, led to reduced requests for help and reduced helpfulness toward others. Relative to participants primed with neutral concepts, participants primed with money preferred to play alone, work alone, and put more physical distance between themselves and a new acquaintance….

Check out the full post at Study: Money Makes People Mean….Interesting read.

 

 

For the interested, “Women and Money” author Suze Orman is making news with a new relationship. No I do not mean a personal one…..Suze Orman is now partnering with TD Ameritrade. She will be promoting their account and providing the save yourself plan to subscribers. You can get the details here at Suze Orman Teams Up With TD Ameritrade.

I have been watching her call-in show for sometime, although not religiously. I am not so sure how well people relate to this show but I guess the information is handy. You definitely get a tip or two when it comes to personal finance, don’t you? I think it would be interesting to know how many people have actually benefitted from this advice practically. Its good to hear it from some one who is an authority on the subject but implementation is the key, remember?   Check the article at Suze Orman Teams Up With TD Ameritrade

 

  

Any view on personal finance and the potential to creating assets MUST begin with understanding what areas one needs to focus on. Without this, one can only run around aimlessly like a headless chicken.

Wealth constitutes two major components -  Income and expenses. Wealth increases by achieving the following objectives:

1. Increase your income and/or
2. Decrease your expenses

 Agreed that we are all aware of this. But frankly, how many of us have been actually been able to achieve the above objectives consistently for prolonged periods of time? Well, not many.

Notice that I used “and/or” expression after the first objective? Do you know why?

The answer is very simple, yet it is useless when someone else tells you. Take minute and try to interpret the meaning in your context. Once you understand this, you will be able to analyze your own position fairly.

I will be back shortly with the answer…