MoneyGab » MoneyGab Sayings

Give yourself a raise!

Nathan — Mon, 20 Jul 2009 21:50:44 +0000

Costs = income.

I think we have a funny way of looking at costs, like they are somehow independent of the income that we bring in. But, from the way I see it, every dollar you decrease in costs is a dollar that raises the amount you take home to the bank. That’s income!

Essentially, when you pay off your debt, you give yourself a raise each month in the amount you would have paid for the debt, and you are not paying the amount you would have paid in interest payments over the life of the loan (which is sometimes 2 to 3 times the principle amount!) If you really want to give yourself a long-term, permanent raise, pay off your mortgage. It’s like giving yourself a 1,500 a month raise. It’s permanent!

MoneyGab Sayings: financial records.

Nathan — Sat, 11 Jul 2009 08:07:35 +0000

The more detailed your records, the more money you will make.

When you master your records, you will master your finances.

MoneyGab Sayings: problems and solutions.

Nathan — Thu, 09 Jul 2009 17:38:01 +0000

Your problem is someone else’s solution.

Or, your problem is someone else’s career.

MoneyGab Sayings: Happiness.

Nathan — Tue, 07 Jul 2009 04:57:43 +0000

Happiness is well-maintained equipment, or having well-maintained systems.

MoneyGab Sayings: debt and investment.

Nathan — Wed, 01 Jul 2009 02:50:12 +0000

Your debt is someone else’s investment.

MoneyGab Sayings: confusion and waste

Nathan — Sun, 28 Jun 2009 04:54:44 +0000

Confusion leads to unnecessary duplication.

In other words, confusion leads to waste.