10 Commandments of Financial Happiness

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In You Don’t Have to be Rich, author Jean Chatzky says there’s a strong relationship between feeling in control of your finances and feeling happy about your finances.  And, she says there’s a powerful relationship between feeling in control of your finances and feeling happy with your life:

Control over your finances plays a greater role in determining your life’s happiness than being in control of your job, your health, your friendships, your weight. Clearly it’s worth striving for.

So how can you gain greater control over your finances, and greater happiness in your life?  Chatzky offers The 10 Commandments of Financial Happiness. [Read more…]

Financial Wisdom is Calling Out

If you’re new to Life Compass, on Sundays I write on Spirituality & Faith. Here’s why.

Last Sunday, I mentioned I’ll be writing on the Bible and money for a while on Sundays, because I’m currently reading through the book of Proverbs and writing down every passage that deals with money.

Today, I’ll share my observations from Proverbs 1:20-33:

Out in the open wisdom calls aloud, she raises her voice in the public square; on top of the wall she cries out, at the city gate she makes her speech:

“How long will you who are simple love your simple ways? How long will mockers delight in mockery and fools hate knowledge? Repent at my rebuke! Then I will pour out my thoughts to you, I will make known to you my teachings. But since you refuse to listen when I call and no one pays attention when I stretch out my hand, since you disregard all my advice and do not accept my rebuke, I in turn will laugh when disaster strikes you; I will mock when calamity overtakes you—when calamity overtakes you like a storm, when disaster sweeps over you like a whirlwind, when distress and trouble overwhelm you.

“Then they will call to me but I will not answer; they will look for me but will not find me, since they hated knowledge and did not choose to fear the LORD. Since they would not accept my advice and spurned my rebuke, they will eat the fruit of their ways and be filled with the fruit of their schemes. For the waywardness of the simple will kill them, and the complacency of fools will destroy them; but whoever listens to me will live in safety and be at ease, without fear of harm.”

– Proverbs 1:20-33 (NIV)

This passage doesn’t directly mention money, but as I read it, my mind immediately thought of the wise and unwise choices that people make every day with regard to money. [Read more…]

Thrift: Why Less is More

9e1e126d291cf49b93140bda8cb2b697 Thrift:  Why Less is More

What thoughts or feelings come to your mind when you hear the words “thrift” or “thrifty”?

It might just be me, but it seems like those words often have a negative connotation to them, and are synonymous with doing without, depriving yourself, cutting back, and making do.

For some reason, pork and beans, and other very simple meals,  come to mind when I think of being thrifty!

People often become thrifty or frugal because they lost a job, can’t make ends meet right now, or are trying to eliminate their debt.

Anne Simpkinson wrote recently at Guideposts about how she rediscovered thrift while focusing on paying off debt.

At first, she thought she’d have to deprive herself and give up her life in order to get out of debt.  But what she discovered is that, by gaining a thrifty mindset, she has gained peace, enjoyment and satisfaction in the journey toward being debt free.

The reason why, she learned, is because the word “thrift” is really synonymous with the word “thrive.” [Read more…]

What Does Money Mean to You?

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Have you ever thought that “just a little more money” would make you happy, content, and free from money worries.  I know I have at different times in my life. But as I think about it, I realize that it does not.

In fact, research Dr. David Krueger shares in his book, The Secret Language of Money, shows that the amount of money we make really has nothing to do with our feeling of happiness or contentment.  He explains why:

“Your level of financial contentment is based on your definition of what money means to you.” [Read more…]

How Much Money is Enough?

2d23dc1580b398b95e491a609e0d988d How Much Money is Enough?Have you ever thought about how much money is enough for you? In other words, how much money would give you a feeling of happiness or contentment?

Dr. David Krueger, the author of The Secret Language of Money, has given a money quiz to hundreds of people over the years, where he asks two simple questions:

  1. What is your current annual income?
  2. In order to insure happiness and contentment financially, with no more money problems and worries, how much annual income would you need?

Dr. Krueger reports that in more than 9 out of 10 cases, people respond that their annual income would need to be about twice what its current level is, for them to feel happy, content, and free from money worries. [Read more…]

Life Compass Blog’s Weekly Roundup for Jan. 15, 2011

On Saturdays, I offer a weekly roundup of posts from other blogs on the topic of money, personal growth, and work-life balance.

Here are some that I found interesting this week: