Monthly Archive for May, 2013

A mother’s wisdom on investing!

“As investors, we chase financial gains with zeal. We are believers in the old axiom that time is money and that even if money can’t buy happiness, it’s a pretty good start. There is certainly truth in that. Money provides us with the ability to experience many things: education, travel, security and activities that should be enjoyed.

The danger of this incessant pursuit of returns is that for many of us it doesn’t enhance life, it becomes life—and not a terribly enjoyable one. There can be a lot of heartache along with the occasional thrill. We see it with the minute-to-minute fretting over the market’s ebbs and flows.”

David Weidner wrote a great blog in the Wall Stree Journal on May 8 about his mother, Carol Craig Weidner,  who wasn’t a great investor by traditional standards, never played the stock market,  never put money into a venture, but made different investments. She worked, went to school, started a career, pursued her interests, made friendships and spent an enormous time nurturing her family. And at the time of her death last week, it was clear how much this paid off.

Read the full blog here. It is worth your time!

Wesley’s lifestyle …

He was one of the great evangelists of the 18th Century, born in 1703.
In 1731 he began to limit his expenses so that he would have more money to give to the poor. In the first year his income was 30 pounds and he found he could live on 28 and so gave away two. In the second year his income doubled but he held his expenses even, and so he had 32 pounds to give away (a comfortable year’s income). In the third year his income jumped to 90 pounds and gave away 62 pounds. In his long life Wesley’s income advanced to as high as 1,400 pounds in a year. But he rarely let his expenses rise above 30 pounds.

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