Comments on: All My Worth http://michael.sourcecave.com/content/pro/all-my-worth.html Progressing towards optimism. Fri, 30 Jul 2010 12:16:44 +0000 http://wordpress.org/?v=2.6.5 By: Mary http://michael.sourcecave.com/content/pro/all-my-worth.html#comment-39 Mary Sun, 20 Jul 2008 03:13:20 +0000 http://michael.sourcecave.com/?p=54#comment-39 You're a man with a plan. My advice (and it's Clark Howard's and I believe Dave Ramsey's as well) when you start your job, sign up for a 401k. Donate enough to get the employer match, if they offer it. It's free money from your employer! An IRA is good to have too. Good luck little bro! You’re a man with a plan. My advice (and it’s Clark Howard’s and I believe Dave Ramsey’s as well) when you start your job, sign up for a 401k. Donate enough to get the employer match, if they offer it. It’s free money from your employer! An IRA is good to have too. Good luck little bro!

]]> By: grignaak http://michael.sourcecave.com/content/pro/all-my-worth.html#comment-38 grignaak Sat, 19 Jul 2008 21:14:14 +0000 http://michael.sourcecave.com/?p=54#comment-38 MOMO: The 100% that I am using is <b>net</b> income. So tithing and income tax have already been taken out. With <i>All Your Worth</i> that leaves about 22% of gross income for Wants (internet, dating, non-basic foods, what have you). Al: I'll be in downtown Seattle, which is awesome. I loved Seattle when I was there last summer. MOMO:

The 100% that I am using is net income. So tithing and income tax have already been taken out. With All Your Worth that leaves about 22% of gross income for Wants (internet, dating, non-basic foods, what have you).

Al:

I’ll be in downtown Seattle, which is awesome. I loved Seattle when I was there last summer.

]]> By: MOMO http://michael.sourcecave.com/content/pro/all-my-worth.html#comment-37 MOMO Fri, 18 Jul 2008 15:40:23 +0000 http://michael.sourcecave.com/?p=54#comment-37 Sounds wonderful. Harv Eker, a multimillionaire in his book, "The Secrets of the Millionaire Mind" says to break the savings into two different catagories. Long term savings and short term savings. You invest 10% of the savings for your long term savings and never touch it. The short term savings is for your wants, car, freezer, etc. So, you have 50% for necessities, 10% investment, 10% short term, 10% tithing, 10% education and 10% or less play. Both he and Alex Mandossian say that if you don't play you will sneak into your savings to do it. Alex says the point of work is to play. So every couple of months he takes a weekend off and he and his family go play. He says it makes work worthwhile and stops the boredom. Have fun!!!!!!!! Love ya Sounds wonderful. Harv Eker, a multimillionaire in his book, “The Secrets of the Millionaire Mind” says to break the savings into two different catagories. Long term savings and short term savings. You invest 10% of the savings for your long term savings and never touch it. The short term savings is for your wants, car, freezer, etc. So, you have 50% for necessities, 10% investment, 10% short term, 10% tithing, 10% education and 10% or less play. Both he and Alex Mandossian say that if you don’t play you will sneak into your savings to do it. Alex says the point of work is to play. So every couple of months he takes a weekend off and he and his family go play. He says it makes work worthwhile and stops the boredom. Have fun!!!!!!!! Love ya

]]> By: Al http://michael.sourcecave.com/content/pro/all-my-worth.html#comment-36 Al Fri, 18 Jul 2008 09:57:00 +0000 http://michael.sourcecave.com/?p=54#comment-36 dude, I hear you man, it's an interesting "problem" to be facing, especially growing up as we did. :) I like your adapted 20x30x50 plan though, looks like a good approach. Especially smart of you to go in with a budget and not just rely on big paychecks to make all the worries go away. Good luck on the move/change/adventure, let me know where you end up brotha dude, I hear you man, it’s an interesting “problem” to be facing, especially growing up as we did. :) I like your adapted 20×30x50 plan though, looks like a good approach. Especially smart of you to go in with a budget and not just rely on big paychecks to make all the worries go away. Good luck on the move/change/adventure, let me know where you end up brotha

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