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Charles Kirk on the importance of living below one's means
jasonkelly
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8-22-2009 2:04 AM
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finance
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family
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/200d248c-b88c-4d9f-888d-d055ac68e244/024EBE42-ECDB-45A5-9A42-D27EA8CFF899/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.kirkreport.com/membersonly/2009/08/19/member-mailbag-6/" href="http://www.kirkreport.com/membersonly/2009/08/19/member-mailbag-6/" style="font-size: 11px;">www.kirkreport.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kirkreport.com/membersonly/2009/08/19/member-mailbag-6/">As for building wealth, it always comes down to a simple rule - through both the good and bad times, you must ALWAYS live well below your means. To this very day, my wife and I try to live on her meager teacher’s salary so we can have enough money put aside that we’ll be ok no matter what happens in the future. That sacrifice has provided us tremendous comfort and advantages that others simply don’t have. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kirkreport.com/membersonly/2009/08/19/member-mailbag-6/">I was quite fortunate in this regard and never had to learn this lesson the hard way because my parents grew up dirt poor and taught me the importance of never going into debt and buying things I couldn’t already afford. Thinking back through my life, living by this rule has saved me lots of worry and fear and has opened up opportunities that wouldn’t have been available to me otherwise.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kirkreport.com/membersonly/2009/08/19/member-mailbag-6/">As you know, our American culture doesn’t agree with this practice. In fact, it does everything it can to encourage and promote the exact opposite and we’ve only started to see the impact of this.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/024EBE42-ECDB-45A5-9A42-D27EA8CFF899/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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