Saturday, February 2, 2008

Savings

Today was an eventful day! I realize so many people don't save because their parents didn't save money. The biggest feat is changing their mindset from spending to saving.

I had a young lady come by today who has no savings but dresses to the 9's not bad but not smart either. Why wear depreciating assests opposed to being thrifty and saving that extra money? It's quite simple she has an image to uphold. Stop trying to impress people who really don't care about you.

I was able to convince her to save a minimum of $50 a pay period which would give her $1050 in December. She receives bonuses and she just blows the money on clothes. She is my challenge but I'm not ready to give up on her yet. I believe education can cure ignorance especially when it comes to money & often times if you are accountable to someone other than yourself you can achieve your goals. So I put it back in her court, not only is she accountable to me but her children. How can you say you are a good parent and you have nothing set aside for your kids college? DO WHATEVER IT TAKES TO MAKE IT HAPPEN!! No Excuses ACCEPTED!!

3 comments:

Unknown said...

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Anonymous said...

people have it backwards. they think their buying assets when in reality they are liabilities. cars,clothes, shoes....assets make money, not take money.

i jokingly say that the best dressers are the poorest people. they try to convince people that they've made it. half the time, that's not the case.