Anyone read The Wealthy Barber? I think that is more Canadian oriented, but the principles are the same. I think most of our financial advisors give that away to their clients...
On Mon, Jan 12, 2009 at 2:32 PM, Kurt Buff <[email protected]> wrote: > Another excellent book: > > The Richest Man In Babylon - old, and quite slender, but well worth it. > > On Mon, Jan 12, 2009 at 12:25 PM, Roger Wright <[email protected]> > wrote: > > One of the most insightful books I've ever read: > > > > "The Millionaire Next Door" by Thomas J. Stanley and William D. Danko > > > > Highly Recommended! It clearly explains the difference between > consumption and wealth. > > > > http://preview.tinyurl.com/85pj5a > > > > > > > > Roger Wright > > Network Administrator > > Evatone, Inc. > > 727.572.7076 x388 > > _____ > > > > > > From: Roger Wright [mailto:[email protected]] > > Sent: Monday, January 12, 2009 2:55 PM > > To: NT System Admin Issues > > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > > > "For taxes, you do get to deduct the interest on your mortgage...if you > pay off your house, you lose that deduction" > > > > I'd much rather have the money in my pocket than a tax deduction any day! > > > > My wife and I paid off the remaining 17 years of the mortgage we assumed > in just over 10 years simply by paying an extra $100/month. We've been > mortgage free for about 7 years now. What a relief to have no mortgage > payments! Our cars are both paid for – one is a '97, the other is an '02. > > > > Living expenses (food, clothing, utilities, medical), insurance and taxes > are all that's left. This leaves enough for charitable contributions, > savings, and assisting family members as needed. And we charge everything > we can to American Express so usually have only 3-4 monthly checks to write. > > > > Debt – who needs it?!?! > > > > > > > > Roger Wright > > Network Administrator > > Evatone, Inc. > > 727.572.7076 x388 > > _____ > > > > From: David Mazzaccaro [mailto:[email protected]] > > Sent: Monday, January 12, 2009 2:28 PM > > To: NT System Admin Issues > > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > > > Some debt is good debt. > > For taxes, you do get to deduct the interest on your mortgage...if you > pay off your house, you lose that deduction. > > Additionally, you now have hundreds of thousands of dollars sitting idle > in your house that you can do nothing with (until you sell it). > > > > > > > > ________________________________________ > > From: Webster [mailto:[email protected]] > > Sent: Monday, January 12, 2009 1:59 PM > > To: NT System Admin Issues > > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > Yes. But we moved to TN back in August and have a mortgage again. ☹ I > am working on paying it off as fast as possible. > > > > > > Webster > > > > From: Jacob [mailto:[email protected]] > > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > > > Wow.. did that include the mortgage? > > > > From: Webster [mailto:[email protected]] > > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > > > +6 for Dave Ramsey. Paid off $197,000 in debt in 4.5 yrs. > > > > > > Webster > > > > From: David Lum [mailto:[email protected]] > > Subject: RE: Would this be good for IT, or what? (UNCLASSIFIED) > > > > +1 times ten! > > > > We'll spend thousands sending out kids to college but never teach them > the basics of money and not using credit for anything but a house. My > parents didn't teach me that, it took me over 40 years (until Feb of last > year) to really "get it" (thank you Dave Ramsey). Funny the things we think > we *need* to have. Pretty sure 99% of these items our ancestors got along > just fine without. > > > > Veering nearer to back on topic, adding the need for several thousand IT > jobs can't be a bad thing, but I am interested in hearing from IT guys in > the healthcare industry what obstacles need to be overcome. It's one thing > to say "digitize healthcare records", another entire to pull it off - there > must be dozens of little "gotcha's". > > David Lum // SYSTEMS ENGINEER > > NORTHWEST EVALUATION ASSOCIATION > > (Desk) 971.222.1025 // (Cell) 503.267.9764 > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
