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Written by Griff Hanning
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Tuesday, 31 August 2010 14:37 |
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 I'm not a big fan of beauty pageants. I don't mean to offend anyone who is, but it's just not my thing.
However, I've found an important lesson that we can all glean from one of them. I read an article the other day about how in a recent pageant, Miss Philippines made a big blunder near the end of the competition. Supposedly, she was in the running with Miss Mexico and had a good chance to win it all. She didn't win.
She was asked the question, "What major mistakes have you made in your life?"
Her answer: "NONE."
This dropped her points down far enough to give Miss Mexico the crown (or tiara... whatever they call those things).
The lesson we can learn from Miss Philippine's little blunder is that we all make mistakes, but not admitting to those mistakes is fatal to our success. I've made plenty of financial mistakes - that's why I decided to start this website in the first place. I want to help other 20 and 30 year-olds avoid the same mistakes that I have made involving bad debt, poor investment choices, unwise spending, and irresponsible money management.
If I were to try and hide those mistakes rather than admitting them and facing them head on, I'd probably end up making even more or at least not improve my circumstances. When you make mistakes, go ahead and slap your wrist, figure out how you can get out of the mess you are in, and then share with others the lessons you have learned.
When asked the question, "What major FINANCIAL mistakes have you made?" Don't answer, "NONE". We all know better than that. |
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Written by Griff Hanning
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Friday, 20 August 2010 12:56 |
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When the company "ING" first started advertising heavily on mainstream media, I was a little confused. In the commercials people would sit on one side of a park bench. There would be an ING advertisement behind them with the "ING" clearly showing, making you think that it must be the tail-end of the word. Then, the person would stand up and walk away leaving the entire advertisement to be seen - which was of course, nothing more than "ING" or "ING Direct" or "ING.com."
After watching these commercials, it took me a while to realize that it was even a bank.
That being said, ING Direct is by far my favorite online bank. Let me tell you why by listing out the amazing features and benefits it offers.
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Read more... [Why I like ING Direct and Why You Should Too]
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Written by Griff Hanning
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Thursday, 05 August 2010 19:27 |
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Have you ever stopped to wonder what you could do with another $16,000 in your savings account?
The average income for young middle-class Americans is around $40,000 per year. I can imagine that for those of you who earn something close to this amount, after taxes and after paying for life, you have exactly $0 left over. Why is that?
Is it possible to live large for less? Is it possible to live off of only 60% of your income so that you can have the other 40% to save, invest, and just plain have fun with in the future?
I think so.
What is the secret to living life at 40% off?
- Is it skipping the latte in the morning? Maybe
- Is it saving money on an automatic basis and only using debit or cash? Maybe
- Is it listening to Dave Ramsey every Saturday on the radio? Maybe
- Is it finding a new job that pays more but never allows me to see my family? Maybe
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Read more... [Imagine What You Could Accomplish if You Lived off of Only 60% of Your Income!]
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Written by Griff Hanning
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Friday, 02 July 2010 03:00 |
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 In my first review of the book Life Focus by Jerry Foster, I talked about the difference between success and influence. It's amazing how confused we can get in life. We strive after things that will not satisfy (like success), rather than striving to live a life of influence by being generous givers of our time, money, compassion, and skills to others.
In the same way that we mistakenly pursue an illusion of success, we also pursue material things.
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Read more... [Financial Expectations After College | Principle #2 We Can Learn From Life Focus]
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Written by Griff Hanning
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Friday, 02 July 2010 02:58 |
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Lately, my bad luck has been almost humorous. But then, when I stop to laugh about it, no sound is made - there's nothing funny about it.
Doesn't it seem that when one thing starts to crash down on you, a whole bunch of other ones come with it? That's exactly what has happened to Michelle and I this last month... financially speaking.
Let's tally up what our unexpected expenses have been:
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Read more... [When it Rains it Pours | Unexpected Expenses]
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