Monday, November 13, 2006

Money

We all must earn money somehow in order to survive. Most of us marry with at least one bad money habit, usually more, and then we have to somehow blend our habits with the habits of another person. This can help in some aspects, but it can also really hurt. Finacnces can be a big source of contention in marriages and families. My husband and I are frugal hobbyists, and we enjoy reading about all the different ideas of how to save, make, and grow your money.

First, start with Dave Ramsey. If you do not read any other finacial planning book (you want Total Money Makeover), you will survive and thrive if you follow Dave's plan. We like to listen to Dave on the radio at least once a week to keep us motivated and on track. We listen over the internet for free.

Millionaire Next Door is an eye opening look into what millionaires really live like. Understanding how rich people live, helps you to live in the same way. It is written by Thomas J. Stanley, and William D. Danko, two professors who began researching millionaires, and were surprised by what they found.

The Automatic Millionaire by David Bach is another superb book. Simply, make things automatic.

We also like Rich Dad, Poor Dad by Robert Kiyosaki and his Cashflow games. Although we personally take a more conservative approach than what Robert does, his ideas on money will help you think outside the box.

2 comments:

Karla LaSasso said...

Erin:
I am the oldest of four from a very modest family.
I married a (wonderful) guy who came from a self made father.
I had debt when we met, and did not know how to balance a checkbook or anything else about money, for that matter.
I've slowly learned a few things and I now manage the family checkbook. My husband manages the family investments.

We've been lucky to receive some financial help with mortgages from my in-laws, but an argument last year over Christmas with them was a wake up call for my husband. Something clicked in his head, and for the first time in his life he picked up a book and read it. He read Rich Dad/Poor Dad and hasn't looked back. He has been visiting the library and reading as much as he can on this subject. He recently attended a seminar by T. Harv Eckert, who wrote The Secret of the Millionaire's Mind.

This has inspired us both, and we are now getting ready to start our own business and are planning for wealth and a wonderful time getting there.

So, just because two people come from different money backgrounds, there is a way to find a middle ground and make your own way together!
Karla.

Anonymous said...

I am wondering if you have read Your Money or Your Life? It seems to be the seminal "get a hold of your finances, attain financial freedom" guide of the simplicity movement. I was really inspired by it...and if I can ever get my act together, I'd like to follow the program.

There's also a spinoff book from YMOYL called Living Simply with Children which has many good ideas for being frugal/simple when you've got kids, which can seem really daunting. Interestingly, the ideas in the book dovetail beautifully with AP and holistic parenting, as they can allow both parents to spend more time and connect with the children. It might make a good book club pick (I have a copy if you want to check it out).
--Erin H.