Skip to main content

It took a while to learn

I recently came to a realization that took more than 6 years. This has to do with personal finance. I had read a book titled The Richest Man in Babylon by George S. Clason. This book is a classic amongst the personal finance books. There is one lesson in there that has eluded me. The lesson is that a part of what you earn is yours to keep. It's a simple lesson. I understood the idea very well when I read it years ago. It is only recently that it not only makes sense. It actually means something to me. I don't know how you do it. I learn things the hard way, usually. Here is what I mean.

Typically, I would cash my meager paycheck and separate 10% into savings. For a while, I stashed cash in a safe deposit box. The stash was basically meant to cover emergencies. And it often did. I would have to pull out money from savings to cover a big bill, or to avoid overdrafting. The net result would be that I would have spent all the money I had worked so hard to earn. So, when an emergency cropped up, I'd be penniless.

I have learned that I must define what an emergency is. From now on, emergencies are health, housing and food, and car repairs. An overdue bill, or other payment is not an emergency. I have discussed this with Alma, and it made sense to her too. She's onboard with the plan. Life is good.

Comments

Popular posts from this blog

Before Getting Out of the Gate

Tonight, I was working on a new blog project. Google and Blogger have been good platforms for me in the past. I was able to get the domain pointed and was working on the layout and template. Suddenly, the website was blocked. I had searched for ways to publish that were not subject to censorhsip. I wound up on the Hive blockchain. It's great for censorship resistance, but it's not without its problems. In any case, I was thinking that maybe I was being too paranoid. Now, before getting out of the gate, I have a blog censored. I'm trying to think of what I could have posted, reposted, or even been associated with that could have caused the blog to be blocked. I can't think of anything. If this doesn't pan out after review, I may need to look for an alternative hosting option. I was already looking at Publii as an option. It only requieres simple FTP updates. I prefer not to use Wordpress as experience has taught me that you an customize a theme and add plugins ...

2024 NaPodPoMo Ep 5 - Let’s Be Real About CRO

In this episode of National Podcast Post Month, I'm taking a closer look at the recent announcements from Crypto.com and their potential impact on the price of CRO. While there's been a lot of excitement about the new developments, I'm not convinced that they will translate into a significant price increase. I'll be discussing the following topics: The recent AMA with Kris Marszalek The launch of the ZK EVM chain The popularity of the Crypto.com debit card The importance of market volatility The role of FOMO in driving up prices I'll also be sharing my thoughts on why I don't think the price of CRO will jump to a dollar anytime soon. If you're interested in learning more about the future of CRO, then be sure to watch this video!