Confessions of a Laid-off Lawyer

Just Your Average Joe Blogging Away His Debt—In One Year or Less

Posts Tagged ‘The Courage to Be Rich

Shames Most Financial

leave a comment »

Total Black: $75.45
Total Red: $228,312.40

Got about five pages further in Suze Orman’s The Courage to Be Rich this evening when I had to stop and think about what I had just read.  Orman relates the story of one of her clients, Mark, who recalled an experience from his childhood.  While on a school outing one day, Mark and some classmates had lunch with their minister at a restaurant.  They all sat down to enjoy hamburgers and fries and cokes with straws.  Once the meal ended, everyone put money on the table for their food.  Mark didn’t.  Instead he cried because his parents hadn’t given him any money.  I suppose he hadn’t realized before ordering that he’d have to pay eventually.  Orman tells us that years later Mark is still ashamed of that experience and still atones for it by picking up the tab or making sure others know he has money.  I suspect that if ever he found himself in a situation where he didn’t have enough money on hand he’d probably feel like a nine year-old boy again. Keep reading . . .

Feelings and Finances

with 2 comments

Total Black: -$95.85
Total Red: $228,454.60

Just feelings.  Nothing more than feelings.  Feelings of . . . finances?  Come again?

I started reading Suze Orman’s The Courage to Be Rich: Creating a Life of Material and Spiritual Abundance.  It’s good.  Really good.  Although the subtitle pretty much sums it up, some complain that it doesn’t contain enough strategic financial advice.  Well, that’s not what I’m seeking here.  So this book, it turns out, is just what the doctor ordered.  And just pages in, Suze Orman assigns you the task of considering your feelings about your financial situation.  How do you feel about your finances, she wants to know.  “I want you to address your emotions honestly,” she writes, “and commit your thoughts and feelings to paper.  If you don’t have the money to pay your bills, write down how it feels not to have enough money.  If you’re in debt, write down how that feels.  If you have far more money than your friends, write down how that feels.”  What better place than here to follow her advice? Keep reading . . .

Change to Spare?

with 2 comments

Total Black: $406.64
Total Red: $228,519.06

In a prior entry, The Lowly Penny, I wrote about my own struggles to unclench my hand.  Unfortunately, despite quite a few opportunities, I still haven’t given anything to people I pass on the street.  In fact, at one point last week, the only money I had was $2.50 in my pocket from one of the participants of the bookclubs I organize when she paid her RSVP fee in cash moments earlier.  As I walked home with that money in my pocket, I wrestled with giving it away versus getting something to eat to hold me over until the morning when unemployment money came through.  I don’t know which is more embarrassing, that I kept the $2.50 or that I used most of it to purchase an instant noodle dish for dinner.  I must have stood in Duane Reade for about fifteen minutes thinking through all the variables of the items I could afford.  A box of pasta for $1.99 would supply at least three meals, but I’d have to eat it plain because I didn’t have any sauces, oil, or even butter to dress it up.  A can of tuna fish for $2.09 would’ve worked, but it was tuna in oil and I don’t really care for that type.  Tuna in water cost more than I could afford.  I debated the chicken-flavored Ramen noodle six-pack for $2.49 because that would have provided at least three meals (I usually double-up on the Ramen noodle packs because they’re small portions).  But I decided not to chance it because I was unsure if New York charges tax on food and I didn’t want the embarrassment of having to give it back because I didn’t have enough on me.  None of the credit cards had room to cover the few cents extra it might have cost.  I had to laugh though as I stood there comparing prices.  I had this image of myself on The Price Is Right deciding whether the actual retail price was higher or lower than the price being displayed on the can of stew or box of mac & cheese in front of me.  I knew the answer, I explained to Bob Barker, because of that low point in my life in Duane Reade figuring out what I could afford to buy. Keep reading . . .