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Came across this interesting video thanks to a fellow blogger from bazaart.tumblr.com about how money is REALLY spent in this world. Nothing we didn’t already know, but let me know what your thoughts are… My initial thoughts are that we have no choice but to stay in control of our personal finances given all of the madness that surrounds us!
IT’S ALLLL RELATIVE
Back during my high school track days, a friend of mine gave me a ride home and when we pulled up to my average suburban house, he took one long look and said, “Wow, I didn’t know your family was so rich.”
Slightlymorethandirt.blogspot.com
With a puzzled look on my face that clearly said he had to be mistaken, I said, “What? What are you talking about?”
He replied, “If you don’t live in an apartment?…… You’re rich!”
And that was it. That was his definition of “rich.” There was no convincing him otherwise. That’s why I say it’s all relative.
$10.00 A DAY…OR $3.00 A DAY…FOR LIFE?
The proverbial Joneses to one person may be the poor house to another and vice versa. According to this study from the World Bank, “at least 80% of humanity lives on less than $10 a day.” Over 3 billion people live off less than $3 a day.
Imagine.
Seriously…
Imagine. Continue reading What Qualifies “Rich”?
What are you willing to sacrifice for higher pay? What are you willing to gain for lower pay?
POVERTY: LIVING BELOW THE “TIME” LINE Many people I know from college started out in the workforce with NO life but very HIGH income (plus a sexy bonus) and were absolutely…miserable. They often claimed that they would have loved to take my work-life balance over their salary any day (operative word “claimed”). According to Yahoo Finance writer Laura Rowley, they would be considered living in “time poverty.” They were making excellent monetary income, but never had the time to enjoy it (even their weekends were either spent in the office or recovering from the office).
TIME AFFLUENT I was not making as much money as my time-impoverished colleagues, but I was rewarded with full nights of sleep, weekends of freedom, and a much less stressful work environment that lasted only 5 days a week (not 7!). Continue reading Time Poverty
So I got my Census 2010 in the mail today…took a look…couple questions gave mild “wtf” moments…
i.e. Were there any additional people staying here April 1, 2010 that you did not include in Question 1?
Translation: Are you hoarding illegal immigrants again???
What is your telephone number? We may call if we don’t understand an answer.
Ummm…please don’t.
Anyway…this whole Census idea got me thinking about where the country was 10 years ago…
Economically-speaking…
March 17, 2000
Dow Jones Stock Index: 10,595
March 17, 2010
Dow Jones Stock Index: 10,733
~0% Return on your money (annually)
OR…NEGATIVE RETURNS (after inflation and taxes!)
Not a good look…still investing despite the fact… Continue reading US Census: Life Checkpoint
WELCOME
Hello. With this blog, I bring to you the knowledge that I have equipped my mind with via books, internet, tv, media, and fellow personal finance blogs. My credentials in the world of Personal Finance include:
- an undergraduate degree from the Wharton School of Business,
- a budding career at one of the most respected financial services companies in the world (which will remain unnamed),
- volunteer work with organizations such as Junior Achievement, Citi, and New York Urban League.
HOWEVER…
I have an alter ego. Her name is Dolla Thug. Dolla Thug???
Yes. Dolla Thug.
No, I’m NOT a rapper.
I’m just passionately obsessed with personal finance and very assertive with how I spend, save, and invest my money. I’ll write an article about how I got this name later…
GOAL
In this blog, I’ll give it to you straight. I won’t sugarcoat things. If you ask me a question about a financial matter, I will give you the most financially savvy answer I can and will direct you to the website that can provide more information. I want this site to be an open forum and I welcome challenging questions, thoughts, and ideas. So feel free to COMMENT, please!
DON’T BELIEVE THE HYPE
Dolla Thug is here to challenge the laws of consumerism and marketing propaganda that has been fed to you since birth!
TO EACH HIS OWN
In case we have differences of opinion, I try very hard to not come off judgmental or condescending in any way. When it comes down to it, your money is your money. My money is mine. What you do with yours is your business.
BOTTOMLINE
I have a frugal-focused opinion aimed to get you to at least THINK about the opportunity costs of frivolous spending. For some, that opportunity cost involves their emergency fund…or the ability to afford the purchase of a home…or the ability to EVER retire…Whatever it may be, there is a cost to every financial decision we make in life.
DISCLAIMER For the record, I am not a certified financial advisor of any kind and will not be held legally responsible for any misuse of the content of this site.
So ask yourself…do you have a lil Dolla Thug in you?
To contact me with any ideas, questions, suggestions, or feedback please email: dollathug@dollathug.com
Or: dollarthug@dollarthug.com
For the record, I am not a certified financial advisor of any kind and will not be held legally responsible for any misuse of the content of this site.
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