We all have them, I’m sure you do too; you know, those, little quips or one liners people say, like “a stitch in time saves nine” or “a penny saved is a penny earned” (or is this one the other way around). None the less, I’ve had my share of these; my folks were full of them: “ baby brings its’ own shoes” or “that’s the way the cookie crumbles”. And, on the money side: “You have to save money to have money” and “money goes where money is”. Take this last one; maybe it was just a way of describing compounded interest. But, of course, talking to a 9 year old, you might choose the one liner. Perhaps here is where my interest in money matters has its roots or maybe it was grandpa. He brought to our house one Saturday morning, when we grand kids were quite young, several jugs of coins, said he was buying a car and this were his down payment. Coins spilled on the dining room table as we commenced to rolling and counting what I remember as dimes yielding 30-40 ten-dollar sleeves (rolls). Hey, back then, that was a 20%-30% down payment on a new car. Maybe this was it. Weird how that can happen.
As in his day, the biggest financial one liner, “the rich keep getting richer” is still very often spoken. But really, it’s not their fault (I suppose one could loathe them for it). I mean; if “save money to have money” is true, then having it triggers “money goes where money is” so they can’t blamed for getting richer. Even so, look at today: Two of the wealthiest people in the U.S. have announced their intention to and, are pursuing giving their wealth away. In this world of “what’s in it for me” and “show me the money”, it’s rewarding to know that there are those willing to share their wealth. So, to them I say, with the utmost respect and admiration,” my hat’s off to you”!
As for the rest of us, it’s “high time” we develop our own little saying; like “where’s the value in that” c’mon say it with me “where’s the value in that”. Before you know it, you’ll be looking at everything while asking that question: in the grocery aisle to the fast food restaurant. Perhaps our definition of wealth could mean finally having enough money where we have to fill in the box(es) on our tax return: dividends, interest earned, capital gains. Of course that means having to pay taxes, but no one said it would be easy being wealthy!!!
To your Financial Health …….Cents Maker………