Motivational thoughts for money health #6

Posted on Wednesday, January 13, 2010 at 8:11 am
       

   
   

On this day I had this thoughts, after I overheard a couple’s discussions about their life. Not to offend anyone.

On the poor
The poor loves to spent money unwise, while they spent most of their time dealing with money problems.

On the contrary, the rich think differently…

On the rich
The rich loves to save money, while they spent most of their problems thinking where to “spend” their money

In fact, before I even decided that I was “right” with these 2 phrases, I did a “backtesting” on some experiments. “Backtesting” is a word used for traders to test their system against historical prices and data.

If you look around you, this is in fact very true. The people who have better financial knowledge will learn and try to improve their wealth over time. While those at the lower end will, however cannot keep up with the pace, and often have to fight with bread and butter issues.

It would be (excuse me with this example again, probably I should bring up my manamoneyonline.com webhost as it had been down :( ) , like those stocks on the Exchange, where the expensive stocks become more expensive, while cheaper stocks remains cheap.

This I hope, will spur you to get your butt moving to start some basic financial knowledge, instead of spending happily every day.

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