by: Dr. Scott Brown, Ph.D.
Have you ever wondered why so many solid businessman drive cruddy, old cars from a dingy, run down offices to their palatial homes in the suburbs? Warren Buffet, perhaps the greatest investor alive is known for this. The reason they live this life style is not because they are cheap misers but because they have a high level of financial intelligence that you can develop as well.
They understand that if they have $90,000.00 that they could either put that money into
1. reducing their debt
2. invest it into the stock market
3. selective home improvements
4. improve the appearance of their business facilities (I am assuming that this doesn’t have an appreciable impact on their profitability and believe me it almost never does despite excuse mangers make to blow money)
5. buy a new Mercedes Benz for themselves
6. buy their children a new car.
The first two choices increase your net worth (equity) which is always a good thing and equity is not taxed. The third choice increases your enjoyment (utility) of your home. If you remodel your kitchen or bath appropriately you may also increase your equity. So if you have spare cash in excess of your debts and a solid investment, savings plan than this can be a good choice as well.
The fourth and fifth choices are TOTAL wastes of money because your business sits there for you to suck money out of and nothing else. A car loses a quarter of its value the moment it is driven off of the lot and then continues its downward slide to nothing. Depreciating assets are not investments they are financially undesirable necessities if you can’t walk everywhere you need to go. An automobile is a financially undesirable necessity, nothing more, nothing, less.
The very last choice is the worst possible use of your money. Not only do you waste your money but you also teach and reinforce financial mismanagement in the minds of your offspring. Your children learn that they do not have to work for anything they want. Worse still they will mentally assign a value to the automobile relative to the amount of effort it took for them to acquire it and that is zero.
In Steven Silbiger’s book “The Jewish Phenomenon” he describes in other ways why this concept of being prudently frugal yet selectively extravagant is a major key to the extraordinary wealth of the Jewish ethnicity. He shows clearly how Jewish families use this wisdom to convert their income into lasting wealth. Don’t forget that this wisdom is not restricted to Jews and in fact is the underlying lying cause of financial stability in high income families of low income ethnicity. The most enduring wealth of course is a debt free life style with adequate passive income and the knowledge to recoup it all if lost.
About The Author Dr. Scott Brown a.k.a. “The Wallet Doctor” holds a Ph.D. in finance from the University of South Carolina and is a professor of finance at the University of Puerto Rico. Dr. Brown can teach you how saving the daily price of a cup of coffee at Starbucks can make you a millionaire in the stock market through long term stock investing. Dr. Brown's website is: http://www.walletdoctor.com/. |
Human Resource Manager Interview Careers4u
 |
A Sample of one of our Many Interviews from our Extensive Video Library Go to www.Careers4u.tv to watch the full Interview! |
From:
Careers4uinfo
Views:
2
 0
ratings |
| Time: 00:35 | More in Education |
Customers at Spring Fair 2012
 |
www.evo-soft.co.uk See what our customers say about us! Evo-soft Ltd is a leading UK Microsoft Gold Certified, Business Solutions Partner. We supply, modify, & support Microsoft Dynamics NAV business software. Declared by Techworld as "the product to watch", this is competitively priced, simple to use, and provides great business analysis capabilities. It is perfect for SME's (small to medium sized businesses) and handles both financial and operational functions within the business. Modules include Financial Management, Sales & Marketing, Purchasing, Warehousing, Manufacturing, Jobs, Resource Planning, Services, and Human Resources. |
From:
EvoSoftUK
Views:
11
0
ratings |
| Time: 04:45 | More in Science & Technology |
Human Resources Assistant Jobs In Charleston, WV
 |
www.hrcrossing.com Search Human Resources Assistant Jobs in Charleston, West Virginia. Find Human Resources Assistant Jobs, HR Jobs, careers, employment in Charleston, West Virginia on HRCrossing.com. |
From:
hrcareers
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Human Resources Director Jobs In Cincinnati, OH
 |
www.hrcrossing.com Search Human Resources Director Jobs, Careers, Employment, Find Human Resources Director Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrcareers
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Staffing Consultant Jobs In Boston, MA
 |
www.hrcrossing.com Search Human Resources Director Jobs, Careers, Employment, Find Human Resources Director Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
1
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Vice President Human Resources Jobs In Stockton, CA
 |
www.hrcrossing.com vice president human resources jobs in stockton california, stockton vice president human resources jobs, california vice president human resources jobs, hr jobs in stockton |
From:
hrjobsvideo
Views:
2
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Human Resources Assistant Jobs In Oakland, CA
 |
www.hrcrossing.com Search Human Resources Assistant Jobs in Oakland, California. Find Human Resources Assistant Jobs, HR Jobs, careers, employment in Oakland, California on HRCrossing.com. |
From:
hrjobsvideo
Views:
1
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Human Resources Manager Jobs in Anaheim, CA
 |
www.hrcrossing.com Search Human Resources Director Jobs, Careers, Employment, Find Human Resources Director Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
VP HR Jobs
 |
www.hrcrossing.com Search VP HR Jobs, Careers, Employment, Find VP HR Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Vice President Human Resources Jobs
 |
www.hrcrossing.com Search Vice President Human Resources Jobs, Careers, Employment, Find Vice President Human Resources Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
1
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Vice President HR Jobs
 |
www.hrcrossing.com Search Vice President HR Jobs, Careers, Employment, Find Vice President HR Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
HR Supervisor Jobs
 |
www.hrcrossing.com Search HR Supervisor Jobs, Careers, Employment, Find HR Supervisor Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Staffing Manager Jobs
 |
www.hrcrossing.com Search Staffing Manager Jobs, Careers, Employment, Find Staffing Manager Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Staffing Consultant Jobs
 |
www.hrcrossing.com Search Staffing Consultant Jobs, Careers, Employment, Find Staffing Consultant Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
HR Specialist Jobs
 |
www.hrcrossing.com Search HR Specialist Jobs, Careers, Employment, Find HR Specialist Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
SAP/HR Analyst Jobs
 |
www.hrcrossing.com Search SAP/HR Analyst Jobs, Careers, Employment, Find SAP/HR Analyst Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
7
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
HR Recruiting Manager Jobs
 |
www.hrcrossing.com Search HR Recruiting Manager Jobs, Careers, Employment, Find HR Recruiting Manager Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
1
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Payroll Specialist Jobs
 |
www.hrcrossing.com Search Payroll Specialist Jobs, Careers, Employment, Find Payroll Specialist Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
7
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Payroll Processor Jobs
 |
www.hrcrossing.com Search Payroll Processor Jobs, Careers, Employment, Find Payroll Processor Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
2
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Payroll Manager Jobs
 |
www.hrcrossing.com Search Payroll Manager Jobs, Careers, Employment, Find Payroll Manager Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Payroll Administrator Jobs
 |
www.hrcrossing.com Search Payroll Administrator Jobs, Careers, Employment, Find Payroll Administrator Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
3
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
HR Manager Jobs
 |
www.hrcrossing.com Search HR Manager Jobs, Careers, Employment, Find HR Manager Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
HR Intern Jobs
 |
www.hrcrossing.com Search HR Intern Jobs, Careers, Employment, Find HR Intern Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
0
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
HR Interim Jobs
 |
www.hrcrossing.com Search HR Interim Jobs, Careers, Employment, Find HR Interim Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
1
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
HR Information Analyst Jobs
 |
www.hrcrossing.com Search HR Information Analyst Jobs, Careers, Employment, Find HR Information Analyst Job Openings, Human Resource Jobs in United States on HRCrossing.com. |
From:
hrjobsvideo
Views:
1
0
ratings |
| Time: 00:37 | More in Nonprofits & Activism |
Source:
