In December of 2011, we asked money mavens, “What is one of your favorite things that you’ve been able to do with your money?”
As we kept our spending frugal we gained enough margin to start businesses and employ people. And as employees find their area of genius, they help others through their productive work.
I realized that compounding was an awesome concept. Today those initially piddling amounts have grown to provide an enviable cash flow that allows me to live well and give to worthy causes.
One of my favorite things I’ve been able to do with money was something I did after finishing school, moving, and getting my first full-time job. I was out on my own, and I wanted to do something extra once I was independent.
When our children were young, we decided to budget for memory making. Birthdays, holiday celebrations and family vacations became our primary memory making tools. We invested in birthdays.
What is my favorite thing I’ve done with money? Feed others.
I recently established the “Moving Forward On Your Own,” charitable gift fund, which benefits widows and their families.
“One of the young men was leaving for Afghanistan the next day.”
I can’t control the markets, but I can focus on what is important.
We’ve made contributing to microfinance a part of our annual charitable giving and in lieu of gifts to one another.
The best money decision I have made is purchasing the property I use for my business. The advantages are far greater than those of owning vs. renting a home.
“Sleeping well at night knowing our household is 100% debt free is truly priceless.” – Manisha Thakor, personal finance expert & author.
“Sunrises in my rocking chair, sipping coffee and watching the fog unveil each day.”
Even though money was tight, having margin in our budget for unknown unknowns kept us from punishing a student simply because they lacked experience bidding painting jobs.
Just a few weeks ago, my wife and I were going to join a diverse group of friends for dinner. My wife said we would bring dessert but on the day of the event, there was no time for baking.