Finances

Over here is a post where the ‘money cannot buy happiness’ myth is debunked.  I just wanted to quote a few things from it which I believe in myself, and I thought I’d put it to you for discussion.

…money can’t buy happiness, but it sure can buy lots of things that contribute mightily to happiness.

…money contributes to happiness mostly in the negative; the lack of it brings much more unhappiness than possessing it brings happiness.

…money can help you boost your happiness. For example, philosophers and scientists agree that having strong ties to other people is the KEY to happiness, and money can pay for a plane ticket to visit your sister, a babysitter for a date night with your sweetheart, or pizza and beer for a Super Bowl Party with friends. Novelty and challenge will make you happier, and money can pay for a trip to France, for a drawing class, for a mountain bike.

After a recent discussion on my blog over at Getting rich – everyone has a right to it, I made a comment:

Oh, I just thought of something. To all those who say money is the root to all evil, and you can’t find happiness through money, then stop working. Right now. Stop working.

Show me how happy you can be with no money. Show me how you can survive without it. Show me that you can be all that you could possibly be with no job, and no money.

When you can do that, then you have the right to tell everyone else they should stop seeking more money in their lives.

Go on, prove to us that you don’t need money.

No one replied.  🙂

A lot of people try to offer advice and suggestions on how money isn’t the path to happiness, but how would they know? They’re all earning a job. They have money, they have investments, they have a future. If they think that they know what the path to happiness is, and it doesn’t rely on money, then why are they working? Why are they earning money?

I think that anyone who tells you that money is the root of all evil, or that it’s not what will make you happy, should take a good, long look at themselves. Are they earning money?

If you’re spending a third of your life chasing money in a job, career or business, then you have no right to tell others to stop chasing money for themselves.

Money is one of the paths to happiness – it’s why so many people pursue it.

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Net worth update

March 5, 2009 · 0 comments

It’s been a long time since I updated my Net Worth… the last update was back in November 2007 .  A lot has been happening since then, and I completely forgot about keeping it up to date each month. It also didn’t help that I was out of work for about 6 months throughout 2008…  To continue my desire to keep a record for myself, I’ll provide another update now.

Assets in Nov 07 were: $105,536
Liabilities in Nov 07 were: $87,577
Net worth was: $17,959

Assets in Mar 09 are: $95,504
Liabilities in Mar 09 are: $65,928
Net worth is: $29,575

So with all the significant changes I’ve had over the past year and a bit, I’ve still managed to depreciate my liabilities and increase my net worth.  This has come after a depreciation of 9.5% in my assets, a reduction of 23% in my liabilities, and an increase of 65% in my net worth over the past 16 months.

I’m pretty happy with that.  🙂

By the way, my projection for net worth increase per month in the future is going to be an average of 9% per month.  Let’s see if I can keep that projection.

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Holiday Plans to Australia

13 July 2005

Deidre and I spent close to 4 hours last night working on our joint budget plans, to help us save money for the upcoming trip to Australia. We're doing a 'first', for both of us, and combining our incomes into one single amount and paying almost everything from our joint account. It's really quite exciting […]

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Budgeting again

19 April 2005

It's that time of year again, it seems, when I do my budgeting again.  Almost a year ago exactly, I started a budget that went well for a while, but then I lost the dedication to follow it.  It happened as a result of doing it with Swee, but then she lost interest in following […]

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Even more property investment

7 October 2004

was talking with Darlene by email today (yes, my ex of '99 – we're still keeping in touch with each other on a relatively regular basis) about property investment. She's been a real estate agent and has owned a couple of houses. I asked her if she had any tips for me in relation to […]

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Property investment again

5 October 2004

The more I influence myself with books and seminars on property investment, the closer I'll get to actually getting off my arse and doing something about it. I went to a property investment seminar tonight, which went for about 3.5 hours. It was pretty cool, teaching all kinds of things about buying property, equity, taxation, […]

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The politics of… me!

7 May 2004

I was having a conversation with a friend by email about my political views (according to the political compass entry here), and I thought I'd put my comments here because they tell a lot more about me and my views. They're modified only slightly to fit in with the journal entry format. ——————————- Re: being […]

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Yawn…

5 May 2004

I'm tired. I've been tired a lot lately, of evenings when I get home. It's because work has been so full-on in relation to the number of calls I've had to take, and the workload that's increased. It's all since I got back from my holidays. They moved people to different groups, trying to create […]

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Investing in my future

28 April 2004

Ever since my recent holiday with Mel around the north island of New Zealand, I've taken to being a lot more serious about money, and the spending of it. I overspent my budget on the holiday, and it's annoyed me that not only did I do less than I wanted to, but I spent more […]

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