Sometimes It Helps to Know a Big Fish

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 109-April 19 “A bank is a place where they lend you an umbrella in fair weather and ask for it back again when it begins to rain.”—Robert Frost Sometimes, when you’re a little fish, you can get what you need by enlisting the support and help of a big fish. After I graduated from college and got a job, I qualified to get my first credit card, a Bankamericard. (Those were the dark ages, before credit card companies found out how lucrative it was to give credit cards to students.) I used the card intermittently, and always made my payments on time. I had an excellent credit record. When I got married … [Read more...]

Credit Cards and Spirituality

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 108-April 18 “When I was born, I owed twelve dollars.”—George S. Kaufman “Introductory offer—3.9 percent interest rate!” screams the envelope. It’s another credit card solicitation. I add it to the pile I’ve been collecting, muffling the yell of the last offer of 5.9 percent. I must have forty of them now. It’s always interesting in my class when we start talking about credit card interest rates. People clamor to find out which credit card has the best terms. Should they switch their balances to a new card every time they get a new, lower offer? How can they make sure they notice when the interest … [Read more...]

Visualize Your Money

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 107-April 17 “The best way to reduce your bills is to put them on microfilm.”—Anonymous Sophie, a talented writer, was between jobs. She was thinking creatively about what to do next—should she look for employment or start her own business? She was doing research considering her options, when she realized her current funds weren’t going to cover her budget for the month. Anxiously, she thought about how she could create some additional income. Years before, in wealthier times, Sophie had loaned a large sum of money to a friend, who was paying it back on an installment plan. For the past three years, … [Read more...]

Hawaiian Shirts

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 104-April 14 “A person will be called to account on Judgment Day for every permissible thing he might have enjoyed but did not.”—The Talmud Financial stress reduction is as much about being relaxed and happy as it is about making a lot of money. Ideally, you want to be making more money and having more fun on a daily basis. Lack of either one creates stress and unhappiness. A wealthy young stockbroker named Max, who had inherited money, took my financial workshop several years ago. Tense and unhappy when I talked with him on the phone, he seemed hesitant about attending the workshop, but agreed to … [Read more...]

Clarity

103 - April 13 "I always wanted to be somebody. I can see now I should have been more specific."--Lily Tomlin Years ago, I heard this story: One hot summer's day, a man was driving a truck down the road with a load of penguins in the back. Suddenly, his truck broke down. He got out, looked under the hood, and saw that he could fix the problem but it was going to take several hours. He was very concerned about the penguins being in the sun that long. As he wondered what to do, he looked up and saw another truck coming down the road, and lo and behold--it was empty! Hopefully, he flagged down the other truck and explained his problem. He asked, "Could you please take these penguins to the zoo?" The other trucker agreed, loaded up … [Read more...]