Category Archives: money

It started with a penny and turned into a fortune of wealth

I met my husband through a personal ad.  Yep,  honest.  Our first face to face meeting was at the St . Louis Science Center.  We met there to watch the movie Everest at the OmniMax.

After enjoying the movie,we walked around a bit and talked.  Okay okay, since it was 17 years ago this month, I can say we walked around and began the process of falling in love.  But while we were there Ben walked over to the squished penny machine and purchased a commemorative Penny.  (Big spender right?).

The next smashed penny we purchased together was at our wedding in Sedona, Arizona.  He made me close my eyes and he guided me over to the machine that he had previously spied.  And since that time we have made a habit of getting a smashed penny on pretty much every adventure.    I don’t know how much money we have spent on smashed penny’s as each one costs .51 cents.  But it’s  been a very wise investment.  Each serves as a reminder not only of the event where we make the purchase, but of the way it all started.  The way building our fortune began.

So let me tell you about our fortune.  Shortly after I had our first son, I was ambivalent about going back to work.  I was concerned that it would be problematic financially if I stayed off for an extended period.  Ben told me at that time in response to my worrying “Mary, we are the wealthiest people I know.”  He was referring of course, to the immense joy that had just come into our lives- a healthy beautiful baby.  We were both healthy, we had a roof over our heads and not much to complain about.  He was right.

Our fortune has continued to grow- both with our second son, and our lives in general.  We have relationships we value, the opportunity to laugh often, and Ben and I are both lucky enough to have work that we both feel passionate about.  Are we lucky?  Sure we are.  And we work at it; somedays more than others.  But more than the presence of any of these gifts, or the absence of any significant tragedy, is the presence of an attitude we both work towards embracing as often as we can.

Whatever is or isn’t we have control only over that, which we think and conclude about, what is and isn’t in our lives.  Every event that occurs is subject to interpretation.  You can feel victimized by events or blessed by them.  It’s always a choice.

Easy to do when the good stuff is happening.  Harder to do when its not.  But growth occurs in BOTH circumstances, and again, good and bad are relative terms, often arbitrarily determined by our own personal filters.  Bad is determined by “I’m not getting things to happen the way I want them to”.  But when we let go of insisting that life result in very precise circumstances as we deem appropriate, we position ourselves to just open up to whatever life actually is.  By removing the pre-determined outcome, we need not be thwarted because something didn’t turn out the way we planned.

This post is redundant if you’ve been reading for a while.  It’s not that I don’t have other things to write about, but rather this is an idea that I feel we all need frequent reminding.  The world is bombarding us minute by minute with the opposite message and so this one is easy to ignore.  Unfortunately, doing so results in our ignoring the tools for creating our own contentment.

I don’t always like Ben and he doesn’t always like me.  The house is often messy, something breaks, I lose my keys.  The kids fight with each other and skip out on their homework.  I don’t think anyone wants to make a reality TV show about us.  We aren’t that interesting.  That said, we are still, as Ben declared “The wealthiest people we know” and it began with one penny.

A guest post from Brad Tinnon- more on money and health

I have the pleasure of introducing you to Brad Tinnon this week. I hope you will enjoy Brad’s wisdom.

DOES WEALTH AFFECT HEALTH?

Dr. Mary Young recently guest blogged on our website about money causing fear and anxiety in people’s lives.

In relation to her blog, I want to discuss how money can interfere with balance in your life which in turn can affect your health (and possibly your happiness).

Money in and of itself is not the problem, but rather the love of money is.  In fact, those who love money will often times pursue it at all costs. You see, the pursuit of money is generally a very time consuming task so, let me make a bold statement:

If the pursuit of money consumes your time, it WILL likely consume your health!!

HEALTH, WEALTH, AND BALANCE

Health comes in a variety of forms: physical, spiritual, and emotional. If you don’t practice balance in your life in relation to these three areas, then you will not truly be healthy.  Let me give you a brief example of what I mean:

If you pursue money by means of being a workaholic, then your health will suffer in the following ways:

(1) You won’t have time for a proper nutritious meal (physical health will suffer).

(2) You won’t have time to exercise (physical health will suffer).

(3) You won’t have time to get a proper night’s sleep (physical and emotional health will suffer).

(4) You won’t have time to connect with friends, family, or God (emotional and spiritual health will suffer).

(5) You won’t have time for activities and interests that you enjoy (emotional health will suffer).

To sum this up, the love of money prevents you from living a balanced life. And as a result, your physical and spiritual health will deteriorate, your relationships will be broken, and you won’t get that needed time away from work.

HOW TO FREE UP TIME

Maybe the pursuit (or love) of money is not your vice, but perhaps “being too busy” is. And many times it seems we are too busy with the wrong things.

I often times wonder how I can free up my time to focus on the things in life that are important.

IDEA #1

One way to do this is to just simply say “no” to things. If your plate is already full, stop taking on new responsibility when somebody asks you to pitch in and help out. You will never please everybody even when you say “yes” to things.

IDEA #2

Another way to free up time is to stop trying to be an expert in everything.

We all know people who are a jack of all trades.  They fix their own car, do their own taxes, handle their own home improvements, etc…

There’s nothing wrong with these things unless you are horrible at them of if they consistently take you away from spending time with family, friends, and God; preparing or eating a nutritious meal; exercising; helping someone in need; having alone time; etc…

There’s also the aspect that you could end up costing yourself more money in the long run because you perhaps don’t have the necessary training to tackle certain tasks. After all, “you don’t know what you don’t know”.

I’m not saying that you have to turn over every aspect of your life to a professional.  But if you have a task in which you lack the time, desire, or knowledge to accomplish, then I challenge you to consider allowing someone to help you out.

In summary, there is nothing wrong with working and making money.  However, too many people go to the extreme and pursue money at all costs.  It’s helpful if you just look at money as one part of your life and recognize that there are many other parts of your life that need your attention as well.

I encourage you to live a more balanced life and spend your time wisely. And if you do this you may also find that you are more healthy and happy.

Please feel free to share any experiences or comments you may have.

Brad Tinnon is owner of B.E.S.T. Wealth Management and has been in practice for 9 years. He currently holds the CERTIFIED FINANCIAL PLANNER™ and Chartered Retirement Plans Specialist™ designations. Brad specializes in helping individuals and families with their personal financial planning and investments. In addition, he specializes in helping small businesses with their company sponsored 401k plan. Brad is married and has two girls who are ages 6 and 2. He welcomes any sympathy you may have.

iphone apps

Today i’d like to suggest two apps for iPhone/ipad I suspect they are available in android as well.

The other really cool part about this app is that you can email parts of it to yourself and it comes out like a “to do” list in bullet point format.

mindmap

The second app is great for budgeting.  With the popularity of Dave Ramsey and Financial Peace University, many people are back to using the tried and true “envelope” system for budgeting.  Only this is the updated- at your fingertips on your phone version.  I personally use this to keep track of certain areas that I want to be mindful of my spending…. like my crafting budget 😉

envelope

Hope you find these helpful!