7 Step Guide to Financial Peace and Flashin’ Money Round Up
|November 9, 2010||Posted by Roshawn Watson under Uncategorized|
I recently saw the rapper 50 cent (well pictures of him at least) playing around with $500,000 without a care in the world (link below in Entertainment Money News). Some may feel I should have been angry like many of the commenters on the site, but to be honest I’m rather ambivalent. It’s his money, so he can do with it as he wants. Also, I figure he sent the pictures out as a joke (even if some find it insensitive). A couple of days later Verne Troyer (Mini Me from Austin Powers) posted a response pic with a witty caption that I just found hilarious (link below). In both cases, I doubt either one of them is presently struggling with money, but what about you?
I don’t believe we’re suppose to struggle with money. The byproduct of living within your means and consistent investing over the long term is phenomenal wealth. There are plenty of great articles and books that teach that you to be comfortable with less. If you are like me though, you would rather learn practical steps to be comfortable with more and to decrease your financial risks. Since money impacts so many areas of our lives (education, health, safety, giving etc.), how do we structure our lives to gain peace regarding money? I’m glad you’ve asked. I’m aware of no secret formulas and no quick fixes. Do not dismiss the Law of Process that states: you cannot always be what you are not, but you can become what you are not. It is unpopular to suggest that change is not always effected immediately, yet it is true. Meaningful change often necessitates a significant time-investment. Accordingly, don’t try to “be wealthy;” instead, “become wealthy.”It will involve work and commitment, but I sincerely believe that you are destined for financial peace and wealth!
If you would like to better harness the power of your money, then please check out my The 7 Step Guide to Increasing Your Financial Peace. It is not as much about building wealth as it is setting the necessary foundation to build wealth. Financial peace is important because it is easy for our souls to be corroded with anxiety and discontent regarding money. Please feel free to share it and comment on it if you find it valuable.
Thought Questions: Tell me what steps have you employed to gain financial peace? Why do you feel that 50 cent and Mini Me are right or wrong in showing pictures of them playing with money?
Now, it’s time to do the weekly Uncommon Money News and Yakezie Round Up.
Uncommon Money News and Round Up
In preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news. Below are links to some of these sites. Enjoy!
To my readers: I am so honored by your support. Together, we are telling thousands of the importance of financial literacy. I absolutely could not do it without you: you are vital! Thank you sincerely.
Personal Finance (Yakezie and other PF bloggers)
How We Bought Our Car at Get Rich Slowly – Nicole from Grumpy and Untenured provides very helpful tips on how to smartly purchase a car with minimal hassle and a fair price.
The Comfortable Lifestyle Business or The Big Payout? at Financial Samurai – Sam asks: would you rather make $15,000-$30,000 a month and “work” only 2-4 hours a day or make minimum wage working 12-18 hours a day for two years with a 25% chance of selling your business for $100 million dollars and netting yourself a cool $25 million?
Is All That Education Worth It at Fabulously Broke – FB discusses the disproportionate number of educated individuals that hold jobs that require less than a college degree per BLS and the financial implications of higher education.
How to Have A Frugal Wedding at Everyday Tips and Thoughts – Kris offers some helpful tips on how to have a frugal wedding
Why I Chose To Pay Down The Mortgage Faster Instead Of Investing at Beat The Index – Mich provides some great points of why he is paying down his mortgage quickly complete with comparative tables and calculations
Defending Your Financial Fortress Against Spending Temptations at Money Reasons – Don discusses the fortitude necessary to stick to your financial plan despite continuous financial temptations
Happy Meals Banned as a Part of Food Justice Agenda at Biz Of Life – The Grouch provides an interesting video on how San Francisco’s food cops have banned toys in happy meals; the far-reaching implications of such policies are daunting.
Entertainment Money News
Did James Franco Beat Brad Pitt and Will Farrell at the Box Office?
Plan for Black Friday Shopping (Bucksome Boomer)
Squirrelers gives you a chance to win his Thanksgiving Giveaway ($300 in prizes)
Carnivals that I’ve participated in:
- Carnival of Personal Finance at PT Money– Do You Save Instead of Paying Off Debt?
- Festival of Frugality at Generation X Finance– Good Old Middle Class or Wealthy – You Decide Redux
- Carnival of Financial Planning at ABC of Investing– Economists Blame ME for the Slow Recovery and Why Is Debt Really Decreasing?’ and 7 Surprising Facts About Millionaires
Round ups that linked to posts from this site
Kevin at Invest it Wisely – Weekend Reading- Frosty Edition
- Kris at Everyday Tips and Thoughts – Time To Read
- Don at Money Reasons – Will The Dow Rally?
- Nicole and Maggie at Grumpy and Untenured – Weekly Round Up New Blog Picks
- Kay Lynn at Bucksome Boomer – Week in Review – Time Change Edition
- Penny at Penny Frugalista – Posts That Piqued My Interest – Fall Leaves Edition
- Sam at Financial Samurai – Samurai Fund Update and Highlight Posts
- Free Score at Free Score – Weekly Round Up New Blog Picks
Copyright 2012, Roshawn Watson, Pharm.D., Ph.D. All Rights Reserved.