The Workers in the Vineyard

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 265-September 22 “For everyone who asks receives, and everyone who searches finds, and for everyone who knocks, the door will be opened.”—Matthew 7:8 I love the parables in the Bible, the Sufi stories, and all the metaphysical teaching stories Wise and Holy Ones have shared with us through the ages. Sometimes they make me tear my hair out, however. The one in the Bible about the workers in the vineyard bugged me for years. This is the story about a man who hires laborers early in the morning to work in his vineyard. He agrees to pay them each one denarius. Later in the day, he hires additional … [Read more...]

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...]

Hey, You! Pay You!

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 260-September 17 “When a man begins to think seriously of saving for a rainy day, it’s probably a rainy day.”—Anonymous The savings rate in the United States has been on a downward trend for many years, even during times of a robust economy. U.S. households save far less than those in most other industrialized countries. Here are the savings rates from recent years: South Korea 18.0% France 13.6 Italy 11.7 Japan 11.2 Germany 11.0 Britain 10.8 United States 3.8 People neglect to save because we wait until the end of the month when we’ve spent all the money to try to save. Then we vow we’ll … [Read more...]

Appreciating vs. Depreciating Assets

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 259-September 16 “Debt is a trap which a man sets and baits himself, and then deliberately gets into.”—Josh Billings This is the story of the new car I didn’t buy. At least, not right away…. I had weathered many financial storms, but the sun was shining now. My new business was booming. I was earning good money, saving regularly, and was on the road to becoming debt-free for the first time in my life. I did my positive affirmations daily and my “High Budget” was becoming a reality. Then I happened across a brand-new Lexus GS 300. A brilliant, sparkling, gold, sporty model, I could picture my cute … [Read more...]