I’ve been an average student throughout my academic career. However I was very good in sports and arts. Instead of acknowledging that fact everyone focused on how bad I did in my studies. The fact is I never studied to get marks, I always studied for knowledge. But sadly this society doesn’t work that way. My parents always ignored that I was such a wonderful sportsman or an artist or a photographer. They always taught me to get good marks in school and college so that I could get a good job in future. And that way I would have secured financially.
Eventually like every other middle-class person I too got into a job. I did well in my job and few years later I was earning a good salary and working in one of the best IT companies of the world. I had a manager, I use to look up to him. He was successful in his career, he was a senior manager, he had a beautiful house and a nice car. I wanted to be like him when I was 40 or 45 years old like him.
However one morning when I reached office I learnt that my manager is fired, without any prior notice or any intimation. He was just asked to leave right away because the recession has hit the market and the company no longer can afford highly paid employees. I felt sad for him but since I am human I thanked God.. it wasn’t me. A week later I got a mail from that same manager asking my help in getting him a job or forwarding his CV to some HR people I know of my previous employers. He also mentioned that its hard to pay for the ‘EMIs’ of the car and house from his wife’s salary. I began to think that what financial security were my parents talking about?? Where is the security? That man gave the company 8 years of his life, he worked days and night like a donkey and where is he today? The company didn’t even think twice before throwing him out. You know why? Because the man who holds all the strings on top doesn’t even know about my managers existence.
I began to think that what financial security were my parents talking about?? Where is the security? That man gave the company 8 years of his life, he worked days and night like a donkey and where is he today? The company didn’t even think twice before throwing him out. You know why? Because the man who holds all the strings on top doesn’t even know about my managers existence.
That day something changed in me. I no longer wanted to be like my manager by the age of 40. I wanted to be that man who holds the strings and I wanted to be like him fast.
I wish I read this blog article then, I would have saved so many years of my life. Not only does it talk about the truth about life but also gives one a fair idea of how to prepare yourself for the future.
We’re sharing wisdom from the experts to help you reach your financial goals.
It’s one of those things that you really don’t want to do, but you do it anyway because it’s good for you and your family. It’s like taking vitamins, getting that flu shot, or giving the cat a bath.
I’m talking about sticking to a budget. I hear your groans, my friends. However, knowing how much money you have coming into the bank account and keeping within a certain limit for spending is essential. A budget is your roadmap to a healthy financial future. For some, that means paying off credit card debt or student loans. For others, the goal is a down payment on a house or filling up a nursery for the baby on the way.
In our house, we have a pretty tight leash on our spending to save for our daughter’s college days. We try to have fun when going over the numbers. We use quirky accents and call it a boo-juhay. Yet, weeks and months of watching where every dime and dollar goes becomes tedious. Sometimes, it makes me grumpy. Usually, it makes my husband even grumpier. What do we do? We turn to the experts for a little guidance. Whether you need a reminder of why saving is so important or a kick in the tush to stay on that financial path, these bits of wisdom from financial gurus, philosophers, and entrepreneurs will keep your budget mojo grooving along.
1. “Someone is sitting in the shade today because someone planted a tree a long time ago.” — Warren Buffett, business magnate, investor, and philanthropist
2. “It does not matter how slowly you go as long as you do not stop.” — Confucius, Chinese philosopher
3. “Just because you can afford it doesn’t mean you should buy it.” — Suze Orman, television host, financial adviser, and best-selling author
4. “Money is a terrible master but an excellent servant.” — P.T. Barnum, businessman and showman
5. “The glow of one warm thought is to me worth more than money.” — Thomas Jefferson, third U.S. president and one of America’s Founding Fathers
More from P&G everyday: 15 Wastes of Money Families Can Avoid
6. “A goal without a timeline is just a dream.” — Robert Herjavec, entrepreneur, best-selling author, and television personality
7. “A budget is telling your money where to go instead of wondering where it went.” — Dave Ramsey, financial radio host and best-selling author
8. “Financial freedom is also determined by your thoughts and emotions about money and worth. I’ve worked with millionaires who worry just as much as people barely above the poverty line. To me, financial freedom means no worry. It means peace.” — Meadow Devor, money coach
9. “It’s not about having it all. It’s about having what you value most.” — Jean Chatzky, personal finance journalist and author
10. “Beware of little expenses: a small leak can sink a great ship.” — Benjamin Franklin, one of the Founding Fathers, inventor, diplomat, and the author of The Way to Wealth
Read the entire blog here: