Monthly Archives: September 2010

Christian Financial Advice on Debt

A short gem of knowledge

Many have said that in the last few years our country has not been hurt this bad financially since the Great Depression of the 30’s.  I do believe greed is part of the financial dilemma, but I also believe that most of us have contributed to it.  Most of those who are not greedy have been taught incorrectly by them who wish to make a profit at our expense.  Financial intelligence doesn’t come naturally to anyone, much like riding a bike doesn’t come naturally.  Those who have learned financial wisdom may believe that others are unwise, when in reality they’re untaught.

Below is a pamphlet created by an inspiring Christian, Marvin J. Ashton.  You may be atheist, agnostic, or a believer in the divine and still receive the wisdom needed so that you can pull yourself from the cycle of debt.  So that the bonds of debt will be loosened and that you can have a unrestrained ‘pursuit of happiness’.

Download this file

 “A budget is telling your money where to go, instead of wondering where it went.” John Maxwell

Which Good Books Have You Read?


Hope you’ve been enjoying my book blog as much as I have had writing it.  I’m currently making a list of 5 books I would like to read next.  Which books have you read recently that you would recommend that I read.?

If there is anything that bugs me more, it’s reading a bad book.  I’m looking forward to some good suggestions.  Thanks.

RANDOM: Here is a video of something amazing: ENJOY!

The Millionaire Next Door


Author: Thomas J. Stanley

RATING: 9.0 out of 10

OVERVIEW: The truth about the lifestyle and spending habits of Millionaires.  The book corrects the false pre-conceived notions that television portrays about how the rich live and how they became millionaires.


Millionaires are greedy, non-compassionate, business moguls, heirs to the rich, and lavishly live the celebrity lifestyle, right?   They buy the nicest clothes, sports cars, eat caviar, and travel the world often, right?  Wrong, you couldn’t be more off, at least according to Thomas J. Stanley, the author of The Millionaire Next Door.  He’s taken empirical data from surveys given to hundreds of Millionaires around the country to give us a new glimpse of Millionaires.

I’m typically an optimist in my views of all negatively stereotyped parties, but even before this book my views of Millionaires were somewhat downbeat.  The Millionaire Next Door shed some light on the true lifestyle of Millionaires.  First, 8 out of 10 Millionaires are first-generation Millionaires.  In other words 80% of Millionaires were not born wealthy; they built their wealth from the ground up.  Second, the rich are typically more frugal than the middle class.  You don’t believe me?  See my notes below.

INTERESTING FACT: Many doctors are highly in debt/broke.  Academic education has no correlation to financial education.  Learn 2 Budget!

One incredible observation I learned is that those who say they’re rich or buy like they’re rich, are more often broke than they are wealthy.  The next time you see someone pull up in a luxurious Escalade, it is a better chance that person is in debt and not wealthy.  The rich avoid debt like the plague!  They typically buy affordable cars and large ticket items with SAVED cash.  Most wealthy individuals had those habits before they became rich.   Most rich people could live next door to you and you would never know it.  They don’t flaunt their money or lifestyle.  They most definitely avoid taking advice from the broke, who buy things to appear rich.

This book will change your views of Millionaires forever!  Not only will it teach you about Millionaires but give you an idea how to live your life so you can avoid being broke, living pay check to pay check.  My notes below will give you good insight to real Millionaires and not “TV Millionaires.”  Enjoy this book!



•Wealth isn’t how much you make, its how much you keep

2/3 of millionaires are self employed

•80% of millionaires are first generation

10% have ever bought a suit over $400

•Few have bought shoes or watches over $200

·         •Future and current Millionaires don’t lease cars they buy affordable cars with cash 

·         Don’t buy a car you can afford MONTHLY, but a car you can afford with CASH.

•Despite general belief the wealthy aren’t generally high consumers

•You don’t see many overweight joggers because those who jog become skinny. Same reason why the rich should budget and poor don’t.

**Don’t buy a home that is more than double your gross annual household income

•Don’t go to a mortgage broker to see how much home you can afford!

•People expect high income will make you wealthy.  Budgets, or spending less than you make, create wealth more effectively than high income.

•Wealth comes from separating expenses and income as far away from each other as possible.

•Gifts can become bills. Like George Costanza when he received free super bowl tickets. If you get a free nice rug you know have to furnish the whole room to match.

•Teaching your children how to earn money is much greater gift than cash

Plan your work, and then work your plan

***Don’t chase money. If you’re the best in your field the money will find you

*** Just because you have Air Jordans does not mean you can play in the NBA.  Just because you’re in a certain industry, title, opportunity, etc.  does not guarantee wealth.  It takes daily effort to realize a dream.

Millionaires are frugal, frugal, frugal

•They can take your business but they can’t take your intellect

•A budget is telling your money where to go instead of wondering where it went          


If you enjoyed this post please share your thoughts on the comments below.


Bill Gates – Life Changing Advice

11 Rules To Live By

 The advice below should be internalized by yourself, family and your children.  If the the world, starting with ourselves, would take these principles not as a convenient guideline but as a foundational underpinning for our actions to success, we could be today what we wish to be tomorrow. 

Bill Gates recently gave a speech at a high school about 11 things they did not and will not learn in school. He talks about how feel-good, politically correct teachings created a generation of kids with no concept of reality and how this concept sets them up for failure in the real world.

Rule 1: Life is not fair – get used to it!

Rule 2: The world won’t care about your self-esteem. The world will expect you to accomplish something BEFORE you feel good about yourself.

Rule 3: You will NOT make $60,000 a year right out of high school. You won’t be a vice president with a car phone until you earn both.

Rule 4: If you think your teacher is tough, wait till you get a boss.

Rule 5: Flipping burgers is not beneath your dignity. Your grandparents had a different word for burger flipping: they called it opportunity.

Rule 6: If you mess up, it’s not your parents’ fault; so don’t whine about your mistakes, learn from them.

Rule 7: Before you were born, your parents weren’t as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites of your parent’s generation, try delousing the closet in your own room.

Rule 8: Your school may have done away with winners and losers, but life HAS NOT. In some schools, they have abolished failing grades and they’ll give you as MANY TIMES as you want to get the right answer. This doesn’t bear the slightest resemblance to ANYTHING in real life.

Rule 9: Life is not divided into semesters. You don’t get summers off and very few employers are interested in helping you “FIND YOURSELF”. Do that on your own time.

Rule 10: Television and video games are NOT real life. In real life people actually have to leave the coffee shop and go to jobs.

Rule 11: Be nice to nerds. Chances are you’ll end up working for one. 


*The incredible advice below did not originate from Bill Gates.  He used the borrowed advice well and has been given credit.  I used his name because his delivery of the message is what stood out to me.



Google Voice – The Future is here!

The official Google Voice video demonstration Click Here

I would like to make a predictionGoogle Voice will change how the world uses telecommunications, primarily with our cell phones.  Google Voice connects work phones, cell phones, and home phones on a whole new level.  If you’d like to have different voicemails for individuals, groups or work Google Voice makes that possible. 

Google Voice provides free national call and text messages.  These features are the tip of the iceberg.  Google Voice will reveal the next leap in phone technology, much like the Apple iPhone did. 

My prediction is that AT&T and Verizon will need to change how the price and operate voice/data plans.  Unless they upgrade and match the new revolution in telecommunications technology, Google will become a major “disruptive technology.”

For this reason I love capitalism.  It encourages and rewards ingenuity and improvement.