by Clarence E. Stowers | Jan 28, 2015 | Decisions, Money and Finance, Motivation, Self-Leadership
If money really could talk, what would yours say? For some, it’s saying Good-bye? Is it me or is everything more expensive? A few weeks ago my wife asks me to pick up a few items from the grocery store (bad idea).
Something told me to eat before heading there, I didn’t (another bad idea). After getting the requested items and throwing in a few “extra” snacks to curb my appetite, I couldn’t believe the final cost of 12 items. I’m shocked! Not only is food expensive, I’m discovering EVERYTHING is expensive.
Buying a house is expensive. Cars are expensive. Buying quality foods cost more than buying processed food. And guess what, it’s expensive. Schools are expensive, especially for those paying off massive student loans with under paying jobs.
Being single is expensive. I know being married is expensive. Kids are VERY EXPENSIVE. And there’s no doubt that getting divorced is expensive. What’s the point: EVERYTHING is expensive, but that’s not the real reason why you’re broke. So if you’re ready to stop complaining about how expensive things are, then here’s the remedy — the real reason why you’re broke. (more…)
by Clarence E. Stowers | Feb 21, 2014 | Decisions, Goals, Money and Finance, Motivation, Self-Leadership, Success
Now that I have your attention…
If you’re looking for a hook-up, shortcut, or another get-rich-scheme, STOP READING NOW!
Are you still with me? If so, let’s proceed. I’m not a late night infomercial salesman. But, if you’re looking for wise advice on being smart with money, then let’s explore what being rich is all about.
First, let’s clarify by what I mean by “rich,” as this is a subjective term. It’s an ever-moving target. It’s like trying to nail jello to the wall. Defining“rich” is as personal as taste preferences of food or fashion. Many times, even when you are considered by others to be rich, you don’t think of yourself that way. Why? It’s all about perspective. The problem is you don’t “feel” rich. For the sake of this post, I won’t define rich…I’m leaving that task to you. I will, however, share three tips that’ll help you “feel” rich regardless of your income.
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by Clarence E. Stowers | Apr 11, 2013 | Communication, Current Affairs, Decisions, Fun Stuff, Money and Finance
My father, the late Rev. Dr. Clarence E. Stowers, Sr. was a wise man. He had a lot of what’s missing today – COMMON SENSE. He was an expert at summing up life with quick pithy statements.
The best financial planning seminar I ever attended was my dad’s. It didn’t involve plane tickets, hotels, conference fees, or books. It took less than five minutes & here’s what he said:
“Son, it’s not the money you make, it’s the money you hold on to.”
- Make yourself a budget.
- Live BELOW your means.
- Pack your lunch.
- Pinch pennies.
- Save as much as you can.
- Get the education you need for as cheap as you can get it.
The art of holding on to money is all about saying no to stuff you don’t need. Say no to eating out, $4 fancy coffee, and that shiny new computer when the old one still works fine.
That’s my dad…his advice still works! LOL!
What would you add to my dad’s list?
by Clarence E. Stowers | Feb 22, 2011 | Decisions, Empowerment, Goals, Leadership, Money and Finance, Self-Leadership
Last week I stopped by Jimmy John’s in Oak Park, IL to grab some lunch. While eating, I noticed a sign on the wall that read: “Warren Buffet’s list of 10 Rules for Getting Rich.” Instead of ripping the sign off the wall and risking felony charges for theft and vandalism, I whipped out my iPad (never leave home without it) and typed the rules while enjoying a #4 Turkey Tom Sandwich with Honey Dijon mustard.
The rules were simple, yet profound. Here’s Warren Buffet’s 10 Rules for Getting Rich in its entirety (Source: Jimmy John’s Wall – Oak Park, IL):
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by Clarence E. Stowers | Jan 7, 2011 | 2011, Decisions, Empowerment, Goals, Money and Finance, Resolutions, Self-Leadership
I want to begin 2011 not by reflecting on the past, but looking towards the future of life as I see it. You’ve probably noticed I’m a technically progressive pastor/leader who keeps his ear to the ground. It’s my job to be a modern day Son of Issachar – one who “discerns the times & knows what to do.” (1 Chronicles 12:32)
Whenever we go through a major change in our culture, it seems we have to adjust to ‘the new normal.’ And today is no exception — as the U.S. economy struggles to recover from the financial crisis, Americans are being forced to reckon with more ‘new normals’ than we’d like.
Here are some of my predictions for 2011 and years to come:
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by Clarence E. Stowers | Nov 26, 2010 | Accountability, Fun Stuff, Money and Finance, Self-Leadership, Top 5
What is Black Friday you might ask, It’s the day after thanksgiving, the kick off of the holiday shopping season, a day you will find great deals, and lots of people. If you have never done a black Friday before you will need to have a plan in place. You can’t control your job, investments or home value, however, you can control how you spend.
Therefore, before you hit the stores (you may already be out there by the time you read this), ask yourself the following questions:
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