The Starving
Artist Guide To Financial Planning
1. Introduction
2.
The Money Game
3.
Money Myth 1
4.
Money Myth 2
5. Money Myth 3
6.
What is Money?
7.
The Money Can
Can't
I'll never achieve financial security on a modest or irregular
income. Or, how I came to believe in the first two myths about money.
If you believe that achieving financial security is impossible without making
oodles of dough, then: "you ARE the weakest link! G-bye." All kidding aside,
this is one of the biggest misconceptions how the money game works.
Most people are under the impression that to achieve wealth, they must first be
wealthy. Reminds us of the old Steve Martin joke on how to become a millionaire:
"First, you get a million dollars". Unfortunately, all too many take this joke
seriously and fall into the same paradoxical trap: I gotta' get rich to get
rich! And so, they set out to solve this seemingly intractable problem by
spending enormous amounts of time, energy and, let's not forget, money, on
various pipe dreams, "sure-bets", and other nefarious money-making schemes, all
the while missing the simple fact that the solution was staring them in the face
the whole time.
We're going to let you in on a little secret: No matter what your income level
or economic background might be, you have the means and the power to achieve
financial security.
All protestations to the contrary are bullshit.
Don't believe us? Read
The Richest Man in Babylon, or
The Millionaire Next Door for a little dose of reality. Most of the wealthy
people in this country are not who you think they are. And those you think of as
wealthy, may not be that rich at all. Surprising? Only if you believe in the
myths about money.
How is financial security achieved on a modest or irregular income? By setting a
realistic goal and establishing a consistent plan to achieve it. We'll use the
analogy of planting a tree:
Only we'll call this your money tree.
You start off with just a seedling. With proper care and patience, the tree will
start to grow. Continue to take care of it properly, and it will eventually take
on a life of its own. As time passes, it will grow to maturity and bear fruit.
Treat it well and, barring any natural disasters, it will provide a prodigious
bounty for your lifetime, your children's lifetime, and on and on. Are you
beginning to see how this works? And they say money doesn't grow on trees.
But before you go off and plant your tree, you need to learn how to develop a
green thumb. In the next section, we're going to review some of the basics on
how to do that. Next:
What is Money?
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