Monthly Archive for March, 2013

Rick Warren’s retirement plans!

You might wonder how much the Pastor of a mega-church with more than 20,000 attendees pockets from the weekly offering basket. 
Do those funds translate into homes, cars, personal aircraft, yachts, or even a luxury brand of wristwatch?  Not that a Pastor shouldn’t enjoy a little of the American dream, especially if he’s the man who founded Saddleback church in 1980 and built up his worldwide following one family at a time …

Read more at Forbes Magazine

Who’s your best customer?

Who’s your best customer? I know who s/he is. The one who pays on time! Waiting, often not so patiently, for customers to pay you for products delivered or services rendered is one of the hardest aspects of doing business. Many times it is the small entrepreneur who suffers in thi3170953_man looking ups way. According to Leo Kits of the organization for small businesses in The Netherlands, “Large companies often have the attitude; come and kiss my feet, and then I will give you an order and pay when it suits me.” He welcomes new EU laws introduced this month which state that governmental offices and businesses must pay their bills within 30 days, longer if this is contractually agreed beforehand and is not disadvantageous to both parties.

Small businesses suffer long delays in payment and are often too afraid to stand on their rights and demand payment, worrying about future orders. This can be disastrous for small businesses who are almost without exception suffering from lack of working capital. Bankruptcy is just around the corner. Continue reading ‘Who’s your best customer?’

Buying happiness?

In his excellent TEDx talk at Cambridge, Michael Norton makes a compelling case that spending does, indeed, buy you happiness, as long as you spend it on others!

Michael introduces the idea of social spending and explains how this increases the donor’s well-being. “Spending on other people has a bigger return for you than spending on yourself.”

It does not matter how you do this. “The specific way that you spend on other people isn’t nearly as important as the fact that you spend on other people,”says Norton.

Continue reading ‘Buying happiness?’

A $200 thousand donation as a shoeshiner?

Albert Lexie, A shoeshiner at a Childrens hospital in Pittsburgh has given over $200.000 over a 30 year period to the Childrens hospital from his earnings and tips. What a wonderful exemple of generosity! A spokesman from the hospital said, “I think he just likes the kids!” He also has a big heart and is a good exAmple of someone who is financially free!