Tuesday, August 12, 2008

You have to believe in yourself. Otherwise you follow the suggestions of others rather than your own dictates. Why buy a brand new car when a 10 year old one will do the same job just as efficiently. Then why not a 20 year old one as those are real cheap to buy. And expensive to maintain.

It is a balancing act of what to get for what you have available without wasting your resources.

I recall that Abraham Lincoln said something about sharpening his axe for 4 hours to cut down the tree in 2 hours rather than spend longer chopping because the axe is blunt. Proper preparation is more efficient than just going at the task.

Similarly in utilizing your money. Spend 4 hours working out what you want to achieve in life and then work out how to use the funds you have toward that goal and then you spend it!

Is this a new approach?
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