The rich get richer beacuse they let their money work for them.
By the way, I got laid off one year, a week before Thanksgiving. I was unable to get unemployment beacuse I worked part time at a radio staion six hours a week (Employment office said I had at least some income)
So what did I do, I went out and found another job.
One of my mottos is: Those who have something to do, find a way, others find an excuse.
Currently I teach the drivers safety course. Upon completion, you will recieve a 10% discount off your insurance (at least in NY)
Now, if a 20 year old took the class every three years (to keep discount)
until he turned 60, he would take the class 13 times x $40 = $520. Assuming his insurance is $1000 per year he would save $100 x 40 years = $4000 -$ 520 = net savings of $3480.
Now, if I have my math right that $3480 would increase (base on doubling with proper investment) over a lifetime span of 40 years to EIGHTY-THOUSAND DOLLARS.
Yet, many people say they can not afford to attend the class. Folks, it takes money to make (via saving) money.
The key is investing, saving, and NOT spending every last dollar in your pocket.
Clark Howard,
http://en.wikipedia.org/wiki/Clark_Howard a fininical advisor radio host,and a self made millionaire still looks for the great deals, whether it is travel, cars and ect. (If I heard right he is also a Southern Bap and a member of the Georgia State Guard
http://www.sgaus.org/
Currently, I go out for excerise in the morning when I am able. While I am walking, I collect bottles for depost. It is only 5 cents per bottle, but it adds up, not just the prinicipal but also the counpounding interest On a loan I am paying (One card is at 29.99 percent) will be paid off much sooner due to the coumpounding interest of the bottle deposits.
I asked them to lower the interest rate, but they would not, so when it gets paid off, I will not charge any more on it.
just my 2 cents worth
Salty
ps I have had the interes lowered on two other credit cards just for the asking (and with good credit) I also transfered one other card to a new one which I recieved 6 monhs of zero % interest. Boy, did that save me some buck!!
PPS my goal for 2007 is to collect 1000 bottles