
pic by stopnlook @ Flickr
There are always some great memes and ideas from around the personal finance web. Here are some thoughts and quotes I’d like to share with you.
“Just like a horse needs to wear blinders to block out distractions, you need blinders to focus on paying down debt. So what the heck are financial blinders? A budget and a debt snowball.”
–Deliver Away Debt
“Definition of a Frugalite: One who is frugal, yet fun. A person who wants to save as much of their hard earned cash as possible – but in creative ways.”
–Money Funk
“There are quite a few things that you can do to improve your financial and personal state without spending even a single dime. One of the biggest is simply improving your attitude – the way you interpret the things around you and the way you relate to others.”
–The Simple Dollar
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Internet, Investing, Money, Online Investing AI
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Stuart Pilbrow@Flickr
All money is a matter of belief.
–Adam Smith
I know what you’re thinking. This is going to be one of those secret-law-of-attraction-manifesting-type posts.
That’s really only one conjecture of how beliefs create wealth. Even if you don’t believe in any of the New Agey-gooey stuff, the fact is that your beliefs create wealth on different levels.
The first way your beliefs create wealth is on the personal level. Your beliefs affect the way you make money, save money, invest money, and spend money. Those actions together determine how wealth is actualized in your life.
For example, an investor, who believes the world is falling off the edge of a cliff, will immediately act on those beliefs, sell everything he or she has, and be satisfied with the morsels remaining. That one belief determined the wealth of the investor. Since no man or woman is an island, this is just the beginning of the powerful effect beliefs have on the economy.
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Dreams Come True, Investing, Money, Online Investing AI, Success, US Economy
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