Day 16 of 40 Days to Make Your Money Count

Day 16 of 40 Days to Make Your Money Count Re-Think About Your Money 18:24 "We are what we repeatedly do. Excellence, then, is not an act but a habit." - Aristotle 1. On a scale of 0 (nada) to 10 (the max), rate your need to address each of these small steps in your life. (Each of these is independent, so you don't have to rank them in order. Each can be any number that fits.) —The magic of compound interest —Risk early, not late —The perfect investment —Don't handcuff your kids with handouts —Give 'em choices —The snowball effect —Dress for success —Two for one — The real cost of a cup of coffee and a car 2. Which of these have been modeled to you by your parents or friends? How has that modeling shaped your decisions? 3. Look back and the numbers for the real cost of a cup of coffee and a car. Do these figures motivate you to make any changes in your consumption? If so, would you use the money you save on other purchases you'd like to make, or would you save and invest that money? Explain your answer. 4. Have you taken any small steps that resulted in big payoffs? If you have, describe them. Teaching about Giving to the Needy "Take care! Don't do your good deeds publicly, to be admired, because then you will lose the reward from your Father in heaven. When you give a gift to someone in need, don't shout about it as the hypocrites do--blowing trumpets in the synagogues and streets to call attention to their acts of charity! I assure you, they have received all the reward they will ever get. But when you give to someone, don't tell your left hand what your right hand is doing. Give your gifts in secret, and your Father, who knows all secrets, will reward you. Tomorrow's episode Day 17 of 40 Days to Make Your Money Count Critical Moments "The best way out is always through." - Robert Frost

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Day 16 of 40 Days to Make Your Money Count is an episode from Made in Texas by Jim Munchbach, Certified Financial Planner™.

This episode is 12:15 long.

This episode was published on Dec 23, 2018.

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