Home Mortgages

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 176-June 25 “The old woman triumphantly announced that she had borrowed enough money to pay all her debts.”—P.L. Lord Anyone who has ever bought a home has been dismayed to find out how interest is amortized over the life of the conventional thirty-year mortgage. During the first fifteen years of the loan, the majority of the loan payment is interest. In fact, for the first five years, it’s almost all interest. It’s not until the twentieth year of the mortgage that the monthly payment is even half interest and half principle. Not to mention the fact that after paying for thirty years, depending on the … [Read more...]

New Projects

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 172-June 21 “I never did a day’s work in my life. It was all fun.”—Thomas Edison When requested to fit a new project into my calendar, I ask myself these three questions: 1. Is it going to do a lot of good? 2. Is it going to be a lot of fun? 3. Is it going to make me a lot of money? This is the first test, and at least two out of three answers must be yes. Then I ask two more questions: 1. Is it going to take a lot of work? 2. Is it going to take a lot of time? Hopefully, the answers to these questions are no. If they are yes, I have a final question: 1. Is it worth doing … [Read more...]

Choosing the Right Goal

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 171-June 20 “Life is lived on the road—not at the inn.”—Spanish proverb Many people have asked me how to choose the right goals. Or they anxiously cry that they don’t know what they want. I tell them, “Your best guess for today will do.” It doesn’t have to be the right goal, the best, brightest or perfect goal. Any old goal will do. Its purpose is to get you out on the road experiencing life. Once you’re on the road, anything can happen. It’s like you’re sitting in your car in Dallas, Texas, wondering whether you want to drive to New York or San Francisco. You can sit there for years, asking … [Read more...]

The Jost Vacano Lessons

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 169-June 18 “Getting there isn’t half the fun—it’s all the fun.”—Robert Townsend When I was working as a secretary in the motion picture industry, I became known in our office as the person who could locate people or things that no one else could find. These assignments were great fun—they were like detective work to me. But when I was given my first one: “Get me the home phone number of the cinematographer who shot Coal Miner’s Daughter,” my first thought was, “I don’t know who that is. And who would give me, a stranger, his home phone number anyway?” But the boss said “Do it!” so I picked up the phone and … [Read more...]

Happiness

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 168-June 17 “Now and then it’s good to pause in our pursuit of happiness and just be happy.”—Guillaume Appollinaire Not everyone thinks life is about being happy. I do. And it is not a function of money. Studies have shown that beyond the subsistence level, more and more money does not equal more and more happiness. Happiness is a choice. Decide to be happy. Take joy in every pleasurable thing around you. Have lots of “I can hardly waits.” In my workshop, I ask everyone to play “The Glad Game;” to make a list of things they are grateful for. Most people write a few things easily, then stop to think. … [Read more...]