THE MICHIGAN CITIZEN APRIL 26 - MAY 2, 1987
11
---------Financial
This i very similar
to hat happens to the AVER­
AGE person see ing to achieve
financial succe They wish to
be successful, but lac the will
power to break the SPEND,
SPEND, SPEND habit. If in­
dividuals would fir learn to
separate what they need from
what they want, then spend
only on items they really need,
they should have enough money
left over to save and inve .
Discipline require that you
don't get a brand new $20,000
car with monthly p yments of
$400.00 when you are only
22 years old, have a job paying
$800.00 per month and want
your friends to think you are
successful! If the EED is
transportation, why not fill that
need for half the price! This
would cut monthly payments to
$200.00; leaving $200.00 avail­
able for ving and inve ing.
. Greene,
I rally enjoy
on F SU(:ceI ••
If)' L.
Dear ary L.,
Fir t, if you want to achieve
any cce at all, you have to
op calling your If average!
In my opinion, you cannot be
ver e and successful at the
same time. The average person
fail to t e advantage of two
very important keys to financial
succe. They are discipline
and patience. Let me tell you a
little about each.
1. .. line - This is ju
plain old SELF CONTROL!
It' the ability to parate
wants from needs. In di ting,
the AVERAGE dieter plans to
10 weight but lac s the DIS­
CIPU E to cut down on
e ting the rong foods. THEY
CA BREAK THE EATING
HABIT!
2. Patience - Thi is the
ability to WAIT. 0 of the
financially successful realize the
benefits of waiting. The aver­
age person however, doesn't
a
" you qualify. Learn to be ban tellers, office worker
ord processors,- sh·pping and receiving clerks, stor
�larI.I'lD. Jobs for both men and women available.
•
. • Job, for m n and women
wait. Let' go bac to our
dieting example. Many dieters
expect to lose 100 pound in
one week. They want succe
overnight! Unfortunately, it
just doesn't happen that quickly.
A successful dieter realizer that
even if it takes 10 year to 10
100 pounds, with the u of
patience, they can make it!
The average person ow
this same lack of patience when
it comes to financial success.
Many are not willing to wait.
They feel that somehow they
may not live past the wee end,
so they must spend all their
hard earned money before some­
thing happen to them.
Financial Succe to the aver­
age individual is achieved by
winning the lottery, or receiv­
ing bags of money from the
rear of a "Brinks" truck. They
soon find that 20, 30, and 40
years la ter they are still hoping
to get rich overnight. Financial
Succe is having the patience
to invest the $200.00 per month
DID YOU
o ... that
I mentioned earlier and watch
it grow to over $400,000 over
40 years (assuming 15% inter­
e ). Forty years ounds like a
long time but mo of our senior
ciitzens will assure you that
the years go by very fast.
In summary, financial success
involve both discipline and
patience. Financial Succe s is
not necessarily the goal it If,
but the proce u d to move
clo r to that goal. When is
fmancial succe achieved? As
soon as you get tarted!
Stanley H. Greene
Write your financiat questions
to Stan c/o The Michigan
Citizen. 16032 Woodward. High­
land Park. Mi 48203.
you can expect your auto­
mobile insurance premiums to
go up within the next year.
According to AAA, vera}
major insurance companies have
suffered record loses in recent
months. Some companies are·
expected to increase their rates
by as much as 20%.
�" 't
�." "1"1' I'
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.
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RODDY
Licensed Sales Representative
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