Comments on: One Uncle’s Advice About Money http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/ Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more. Sun, 19 May 2013 15:42:52 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Margaret Heekin http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/comment-page-1/#comment-216671 Margaret Heekin Mon, 04 Jan 2010 19:48:52 +0000 http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/#comment-216671 I think the key here is to be happy whatever the situation and not let external forces dictate ones internal environment. What is most important is to secure the basics: Food, shelter, clothing. Nobody is happy without these but once one has shelter, food and clothing, what becomes most important next determines happiness or an constant striving for more. For me, it is household harmony. My husband and I are close and make all decisions together. The premise is two heads are better than one. Where one of us might make a mistake, the other is there to make suggestions and help in the process. We think about what we are doing and how it will imapct not just today but the future as well. I am a jewelery hound and sometimes lament not being able to buy something ( especially if it is a great buy and I do know prices) but then I stop and think. It all becomes less important and I know other opportunities will present themselves. when the time is right, we will buy everything we want, at the price we want and it will all fall into place. that is how our entire married life has been and so far, it has produced pretty good results. I think the key here is to be happy whatever the situation and not let external forces dictate ones internal environment. What is most important is to secure the basics: Food, shelter, clothing. Nobody is happy without these but once one has shelter, food and clothing, what becomes most important next determines happiness or an constant striving for more. For me, it is household harmony. My husband and I are close and make all decisions together. The premise is two heads are better than one. Where one of us might make a mistake, the other is there to make suggestions and help in the process. We think about what we are doing and how it will imapct not just today but the future as well. I am a jewelery hound and sometimes lament not being able to buy something ( especially if it is a great buy and I do know prices) but then I stop and think. It all becomes less important and I know other opportunities will present themselves. when the time is right, we will buy everything we want, at the price we want and it will all fall into place. that is how our entire married life has been and so far, it has produced pretty good results.

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]]> By: Mark http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/comment-page-1/#comment-186105 Mark Mon, 06 Jul 2009 19:20:31 +0000 http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/#comment-186105 I commend the uncles advice and would only add that money is also a very useful tool to make money. Learning how to leverage and invest money as per the Bible (parable of the talents) is one of the best ways I can think of using money to buy freedom. I commend the uncles advice and would only add that money is also a very useful tool to make money. Learning how to leverage and invest money as per the Bible (parable of the talents) is one of the best ways I can think of using money to buy freedom.

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]]> By: Sandra http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/comment-page-1/#comment-185017 Sandra Thu, 25 Jun 2009 14:20:41 +0000 http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/#comment-185017 My copy of the Bible says that the love of money is the root of all sorts of injurious things. It also says that money is for a protection. The key is moderation and not to let money be your master. How many people have leveraged themselves into debt to buy the big beautiful house, the expensive car, etc. They overdo it, and that's one way they get themselves into a mess. I am a Jehovah's Witness who's read the Bible thoroughly. However, I've also read the Millionaire next door and other things. Believe me, most of the real millionaires live VERY modestly. My copy of the Bible says that the love of money is the root of all sorts of injurious things. It also says that money is for a protection.

The key is moderation and not to let money be your master.

How many people have leveraged themselves into debt to buy the big beautiful house, the expensive car, etc. They overdo it, and that’s one way they get themselves into a mess.

I am a Jehovah’s Witness who’s read the Bible thoroughly. However, I’ve also read the Millionaire next door and other things. Believe me, most of the real millionaires live VERY modestly.

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]]> By: nguyentrungthanh http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/comment-page-1/#comment-82653 nguyentrungthanh Sun, 01 Apr 2007 02:17:00 +0000 http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/#comment-82653 I'm agree with your ideas. Money is only a tool. The motivations behind getting money is to help you achieve your dreams and visions in life. I’m agree with your ideas. Money is only a tool. The motivations behind getting money is to help you achieve your dreams and visions in life.

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]]> By: cribcage http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/comment-page-1/#comment-801 cribcage Fri, 23 Jun 2006 21:43:04 +0000 http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/#comment-801 <i>Sometimes I spend money and I’m happy, like going out to a fine restaurant. Sometimes I don’t spend money and I’m happy, like hiking. So I devote more time to the inexpensive things that make me happy, only occasionally spending money on other things.</i> During one of AskMe's relationship threads, someone commented that there are many roads to happiness in this life and you ought to be able to find one that doesn't hurt someone else. Same principle. Good advice in both cases. Sometimes I spend money and I’m happy, like going out to a fine restaurant. Sometimes I don’t spend money and I’m happy, like hiking. So I devote more time to the inexpensive things that make me happy, only occasionally spending money on other things.

During one of AskMe’s relationship threads, someone commented that there are many roads to happiness in this life and you ought to be able to find one that doesn’t hurt someone else. Same principle. Good advice in both cases.

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]]> By: Links for June 22, 2006 » Irregular Payments http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/comment-page-1/#comment-776 Links for June 22, 2006 » Irregular Payments Fri, 23 Jun 2006 04:59:11 +0000 http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/#comment-776 [...] One Uncle’s Advice About Money some simple, sound advice about money from a Get Rich Slowly reader (tags: advice, money, personalfinance) [...]

[...] One Uncle’s Advice About Money some simple, sound advice about money from a Get Rich Slowly reader (tags: advice, money, personalfinance) [...]

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]]> By: Charles http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/comment-page-1/#comment-770 Charles Thu, 22 Jun 2006 19:35:26 +0000 http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/#comment-770 There's an old joke that might summarize this article succinctly: Money won't buy you happiness, but it will buy your favorite type of misery. There’s an old joke that might summarize this article succinctly:

Money won’t buy you happiness, but it will buy your favorite type of misery.

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]]> By: Josiah http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/comment-page-1/#comment-769 Josiah Thu, 22 Jun 2006 19:11:30 +0000 http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/#comment-769 Good advice. Slight misquote of the bible tho; it actually says "The love of money is a root of all kinds of evil" Its only A root, not THE root, and not of all evil, but of all kinds, ie, many varieties of evil. Good advice. Slight misquote of the bible tho; it actually says “The love of money is a root of all kinds of evil” Its only A root, not THE root, and not of all evil, but of all kinds, ie, many varieties of evil.

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]]> By: Dane Jensen http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/comment-page-1/#comment-768 Dane Jensen Thu, 22 Jun 2006 17:59:22 +0000 http://www.getrichslowly.org/blog/2006/06/22/one-uncles-advice-about-money/#comment-768 In my labor economics class in college the professor was fond of the term "util" as a unit of Drake's "Unit of Happiness". He did all kinds of computations involving utils to illustrate various theories of why people work, how much they choose to work, and what they do with their earnings. In my labor economics class in college the professor was fond of the term “util” as a unit of Drake’s “Unit of Happiness”. He did all kinds of computations involving utils to illustrate various theories of why people work, how much they choose to work, and what they do with their earnings.

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