I’m sure that you’ve heard the following phrase before:
“There will always be those who have, and those who don’t“.
If you’re an observer of peoples’ behavior like I am, then you’ve probably figured out that this phrase should actually read:
“There will always be those who will, and those who won’t“.
In all of the years that I’ve spent attempting to encourage others to take charge of their finances in order to make their lives a little less stressful, I’ve lost count of the reasons given why they can’t save and invest. But, the one reason that I’ve heard most often is:
“I’m not an overpaid pharmacist, I don’t earn enough money to save”.
Of course this isn’t true, it’s just an easy excuse to rationalize not saving or investing. But, how does one convince others, that no matter how much one earns, there’s always enough to save and invest a portion of one’s paycheck?
The best way that I know of is by providing an example.
We need someone with whom we can identify, someone not expected to succeed, someone who doesn’t make a lot of money, but someone who has achieved success despite any perceived limitations.
Well, MoneyTrack has provided just the example we need. There’s no better example of success against the odds than someone like my financial hero, Mr. Earl Crawley.
I don’t think there’s anyone who can’t identify with Mr. Earl’s struggles against the odds.
Earl Crawley’s story is featured in the second episode. His real-life tale of how one parking lot attendant, earning no more than $20,000 a year, has amassed a retirement nest egg of over $500,000. Despite being poor, uneducated, and dyslexic, Mr. Earl overcame these odds and taught himself to become a skilled and savvy investor.
Today, Mr. Earl is living a good life. He owns his house and has no credit card bills or debt. He was able to put his three children through private school, and now Mr. Earl is “paying it forward” by reaching out to his fellow churchgoers and teaching them how to invest their money.
Still think that it can’t be done? Then just watch Mr. Earl’s episode and think again. You can save and invest. If Mr. Earl can do it, you can do it too!
Saving and Investing: You Can Do It!
I’m sure that you’ve heard the following phrase before:
“There will always be those who have, and those who don’t“.
If you’re an observer of peoples’ behavior like I am, then you’ve probably figured out that this phrase should actually read:
“There will always be those who will, and those who won’t“.
In all of the years that I’ve spent attempting to encourage others to take charge of their finances in order to make their lives a little less stressful, I’ve lost count of the reasons given why they can’t save and invest. But, the one reason that I’ve heard most often is:
“I’m not an overpaid pharmacist, I don’t earn enough money to save”.
Of course this isn’t true, it’s just an easy excuse to rationalize not saving or investing. But, how does one convince others, that no matter how much one earns, there’s always enough to save and invest a portion of one’s paycheck?
The best way that I know of is by providing an example.
We need someone with whom we can identify, someone not expected to succeed, someone who doesn’t make a lot of money, but someone who has achieved success despite any perceived limitations.
I don’t think there’s anyone who can’t identify with Mr. Earl’s struggles against the odds.
According to the MoneyTrack website:
Still think that it can’t be done? Then just watch Mr. Earl’s episode and think again. You can save and invest. If Mr. Earl can do it, you can do it too!
It’s just a matter of WILL you do it.