Financial Success
FINANCIAL SUCCESSI'm absolutely dumbfounded by the degree to which our country's various systems of financial stability are faltering. I'm also absolutely dumbfounded by the lack of vision, leadership and statesmanship of our political leaders who are elected, in part, to protect our country's financial stability and well-being.
That said our individual financial well-being and stability are clearly up to each of us independently. So, here's a simple idea to help in that regard.
I call it "The Financial Rule of Thirds." It states very simply a third of your income goes to some form of investments. It can be in your own business, real estate, and/or other financial products, whatever. The point is to build equity in yourself through investing a third of what you earn. Another third goes to funding your current, personal lifestyle. The final third goes to funding the community's lifestyle...otherwise known as taxes.
Sound impossible...it's not...even if you have to grow into living by the rule over time it's better than not exercising any financial discipline. Contrast the empty, stabbing, sinking feeling of financial instability or potentially worse yet, financial dependence, with the sense of stability created by living within your means.
Our political and financial services leaders should think so simply and responsibly.
Copyright (c) 2008 Gary Greenfield, Performance Alliance, L.C. All Rights Reserved Internationally. No portion may be used without prior written permission.
Its very intresting and Informative stuff. Women finds it difficult to manage their cost, save $1 a day and you can see the difference it makes
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Your idea would fit nicely into a flat tax model. Unfortunately, under the Obama administration that model isn't likely to get much attention in the near future! We are certainly living in interesting times. Hopefully it will look very different 3 or 4 years down the road.
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Valuable information! Looking forward to seeing your notes posted.
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