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Actual for You - How Much Money Should You Save for Financial Emergencies?
You are standing on a small stage yelling, “What’s the name of the game?!”“Win as much as you can!!!” comes roaring back.“Who’s responsible for your score?!”“I am!!”The audience is composed of ninety men, all prisoners in a federal maximum security prison.One more thing – you’re a woman.For three years, Alicia volunteered every Thursday at FCI (Federal Correctional Institute
If you stop and think about it...
He's absolutely right!
I don't know about you, but every single time in my life I attempted to build up an emergency savings fund, guess what happened?
That's right...
A financial emergency would pop up out of nowhere and wipe out my e
Yes, in a world that is obsessed with makeover madness, even your website needs to follow specific color guidelines when picking out "what it will wear". The colors you use when designing your website tell an awful lot about your business, though you may not know it.I had this problem myself. I loved my website, it was so cool looking. I had a red, black and white color scheme, and it matched all of the mater
Some advise a fixed dollar amount, such as $500 or $1,000, be set aside for financial emergencies. I've seen recommendations ranging from $500 to $12,000.
Others recommend saving a certain number of month's income for financial emergencies, such as three month's income, six month's income, or as much as twelve month's income.
Still others suggest setting aside a certain number of month's living expenses, such as three month's living expenses, six month's living expenses, or even twelve month's living expenses, to meet unexpected financial emergencies.
So...
With all this conflicting financial advice...
How much money should you save for financial emergencies?
Well...
According to Wallace D. Wattles, author of "The Science of Getting Rich"...
If you truly want to be wealthy...
None.
That's right...
Absolutely none!
In an article titled "The Constructive Attitude", Wallace D. Wattles wrote:
"... do not lay up for a rainy day. If you live right, think right, and work right, there will never be a rainy day for you. If you lay up for a rainy day, you will impress the sub-conscious with the fear of a rainy day; with the idea of weakness and incompetence, and so you will cause the rainy day to come."
If you stop and think about it...
He's absolutely right!
I don't know about you, but every single time in my life I attempted to build up an emergency savings fund, guess what happened?
That's right...
A financial emergency would pop up out of nowhere and wipe out my e
Currency markets never sleep and several trillions dollars are traded everyday, making currencies the world’s biggest and most exciting investment market.In recent years, mechanical currency trading systems, using technical analysis to predict trend movements have become increasingly popular as a way of locking into, and profiting from the longer term currency trends.Making Money from the Longer Term T
Others recommend saving a certain number of month's income for financial emergencies, such as three month's income, six month's income, or as much as twelve month's income.
Still others suggest setting aside a certain number of month's living expenses, such as three month's living expenses, six month's living expenses, or even twelve month's living expenses, to meet unexpected financial emergencies.
So...
With all this conflicting financial advice...
How much money should you save for financial emergencies?
Well...
According to Wallace D. Wattles, author of "The Science of Getting Rich"...
If you truly want to be wealthy...
None.
That's right...
Absolutely none!
In an article titled "The Constructive Attitude", Wallace D. Wattles wrote:
"... do not lay up for a rainy day. If you live right, think right, and work right, there will never be a rainy day for you. If you lay up for a rainy day, you will impress the sub-conscious with the fear of a rainy day; with the idea of weakness and incompetence, and so you will cause the rainy day to come."
If you stop and think about it...
He's absolutely right!
I don't know about you, but every single time in my life I attempted to build up an emergency savings fund, guess what happened?
That's right...
A financial emergency would pop up out of nowhere and wipe out my e
There is only one question that you need ask yourself to find out whether your employee communication strategies are going to engage employees, rather than simply inform. That question is: Can you establish whether the tools and methods you are using to communicate with employees are engagement strategies or information tools?When I talk about employee engagement I mean that the business issue means something
So...
With all this conflicting financial advice...
How much money should you save for financial emergencies?
Well...
According to Wallace D. Wattles, author of "The Science of Getting Rich"...
If you truly want to be wealthy...
None.
That's right...
Absolutely none!
In an article titled "The Constructive Attitude", Wallace D. Wattles wrote:
"... do not lay up for a rainy day. If you live right, think right, and work right, there will never be a rainy day for you. If you lay up for a rainy day, you will impress the sub-conscious with the fear of a rainy day; with the idea of weakness and incompetence, and so you will cause the rainy day to come."
If you stop and think about it...
He's absolutely right!
I don't know about you, but every single time in my life I attempted to build up an emergency savings fund, guess what happened?
That's right...
A financial emergency would pop up out of nowhere and wipe out my e
If you have been following news lately, XBOX 360 Microsoft’s next generation console went on sale at midnight on 22nd November. Many people queued up to make sure they can get hold of the console and experience the hype that has been brewing as times goes by before the official launched. Many people too went home empty handed and disappointed as stores were allocated that small amount of consoles. It doesn’t help th
That's right...
Absolutely none!
In an article titled "The Constructive Attitude", Wallace D. Wattles wrote:
"... do not lay up for a rainy day. If you live right, think right, and work right, there will never be a rainy day for you. If you lay up for a rainy day, you will impress the sub-conscious with the fear of a rainy day; with the idea of weakness and incompetence, and so you will cause the rainy day to come."
If you stop and think about it...
He's absolutely right!
I don't know about you, but every single time in my life I attempted to build up an emergency savings fund, guess what happened?
That's right...
A financial emergency would pop up out of nowhere and wipe out my e
Hi, my name is Jacquie. I'm very sure that a lot of you people like myself have try to make a buck or two on the internet but in the end end-up making a lost because your initial investments did not generate the profit that the opportunity had promise.To be honest, some of the internet business opportunities do allow anyone to make a profit but the underlying problem is that it is not easy even though it is s
If you stop and think about it...
He's absolutely right!
I don't know about you, but every single time in my life I attempted to build up an emergency savings fund, guess what happened?
That's right...
A financial emergency would pop up out of nowhere and wipe out my emergency savings fund leaving me right back where I started...
Broke!
Sound familiar?
Until I read those words by Wallace D. Wattles, it never dawned on me that, by my own thoughts and actions, I might be creating the very thing I was most trying to avoid.
Now...
Does this mean you shouldn't keep any extra money at all?
Not at all...
In the same article, Wallace D. Wattles wrote:
"... provide a surplus, so that you may take advantage of any new opportunity..."
Once I began to build up a surplus to take advantage of new financial opportunities, instead of saving for financial emergencies, guess what happened then?
That's right...
Lo and behold...
New financial opportunities started popping up all over the place...
And...
Interestingly enough...
The financial emergencies disappeared!
You see...
There's a Creative Power within you that makes your life into the exact image of that to which you focus your attention.
If you focus your attention on financial emergencies, by thinking about them, by preparing for them, by saving for them, that's exactly what you'll have in your life...
Financial emergencies.
On the other hand...
If you focus your attention on financial opportunities, by thinking about them, by preparing for them, by providing for them, that's exactly what you'll have in your life...
Financial opportunities!
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