Ten More Stupid Things People Do to Mess up Their Money

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 264-September 21 “Courage is being scared to death but saddling up anyway.”—John Wayne After I was set to appear on the Dr. Laura Show, they decided to add another segment—they wanted me to do a “man-on-the-street” type interview à la Jay Leno. I had to think up some questions to ask people about money that they might have funny responses to. My research team of poker players came up with: “Whose picture is on the $10 bill?” (Alexander Hamilton); “What does ‘FICA’ stand for?” (Federal Insurance Constitution Act—this is your contribution to Social Security); “What does the ‘k’ in ‘401k’ stand for?” … [Read more...]

Major Money Malady—Buying on Time

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 261-September 18 “The quickest way to double your money is to fold it in half and put it back in your pocket.”—Unknown We don’t pay for anything up front any more. When we want something, we get it. If we don’t have the money, we charge it. We buy everything on time. The longer the time, the more money we pay for the item. But the payments are so small, we forget. Rennie Gabriel, in his book Wealth on Any Income, gives an illuminating example of the total amount we end up paying for products purchased on credit. He states that a dining set on sale at a department store for $648 (including tax) costs … [Read more...]

The Lessons of The Richest Man in Babylon

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 238-August 26 “Albert Einstein, when asked what he considered the most powerful force in the Universe, answered: ‘Compound interest!’”—Mignon McLaughlin George Clason wrote a wonderful little book entitled The Richest Man in Babylon. It is the story of a group of trades people in ancient times in the city of Babylon. The butcher, the blacksmith, the shopkeeper, and others are talking together about money. They marvel how one of them became the richest man in town, when he started out as just the potter down the street from them. How did he do it? they wonder. They are all still struggling day to day to … [Read more...]

Making Money While You Sleep

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 237-August 25 “Each of us has the choice—we must make money work for us, or we must work for money.”—Conrad Leslie A doctor and his wife who had heard me speak flew me to Oklahoma to speak to their staff on customer service. It was a nice group of about fifteen people, and we had a great meeting over dinner as I coached them on Office Etiquette. After dinner, Dr. John, his wife, Mary, and I sat quietly discussing money and business. He told me that one night, he was lying awake in bed and thought, “I make a lot of money working as a cosmetic surgeon, but if I don’t show up for work, I don’t make … [Read more...]

The Real Black Limo

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 236-August 24 “Chance is always powerful. Let your hook be always cast; in the pool where you least expect it, there will be fish.”—Ovid The Black Limo Fantasy actually came true for me once. A friend of my sister’s worked for a market research company, and was looking for women to test Dove soap. My sister, Jane, called me one afternoon to invite me down to their office for an interview, so, on a lark, I went. A friendly woman interviewed us, one by one, on videotape. A week later, I got a call from the marketing company telling me that they had selected a group of women to do a seven-day trial use … [Read more...]