Travis Johnson wrote:The interesting thing about money is, it is 100% backwards of what people think. Everyone tries to save, save, save to get more money, and they scrimp, screw people over, and do the nastiest things for cash, but that is not how a person gets money...
You get money by giving it away!
You do not just run around and throw it out to anyone, but if people are in need, you give them money, and you know, you are richly rewarded.
Katie and I have learned this the hard way, and while it seems so logical to save money for the lean times, to get money in the lean times is to give money away when you got some extra. We have done this so many times, it no longer scares us to be without money. When we need it, somehow, some way, it will be there.
But it is not a flippant attitude, like, "Oh, we'll get money when we need it." It is not like that at all, it is looking around and seeing where the need is when we do have extra money, and giving it to people who need it more than us.
You have to experience it, to really appreciate it, but try it...give money away, and see how quickly it returns back to you when you are up against it.
Jennifer Richardson wrote:
One is a financial independence framework based on very low, very concrete expenses. Say that I allocate myself $100 a month for food. That means that if I can save $2,500 and get a 4% return on it, I never have to work to buy that food month’s again (Note: multiply this by 12 months and never have to work to buy any food ever again). That helps with the discipline to save (small, concrete goal, easier to reach), and the discipline not to spend $800 a month on food (which I could do so, so easily), which would require saving $20,000 instead of $2,500.