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Friday, July 8, 2016

Friday 56 8 July 2016 Finance Master



Friday 56


This post is part of the meme Friday 56.  In this meme, you turn to page 56 of whatever you are reading and quote one sentence or paragraph that stands out.  If you are reading on an E-reader, you go to 56% and do the same thing.

This week, I am quoting from the book Finance Master, which I am reading on my laptop via a free Kindle Reader. The complete name of this book is Finance Master:  How to Successfully Manage Money, Control a Household Budget and Protect your Finances.  It is by Dave Pierce.

Pierce is in Wales, which is part of the United Kingdom.  Some of the advice listed in the book is geared more towards those living in the UK.  However, most of the information can be used anywhere in the world.

You may have some Pension income to live off which can give you a foundation, and a safety net, to pursue your dreams (more on Pensions later), but it can also give you...... time; time to start that business you've always wanted to start, time to take your dreams of being an Actor seriously! You could potential be 'retired' for the same number of years you have spent working.

All of us need to plan for our retirement.  We may not live as long as we had hoped, but there are expenses that those we leave behind will have to deal with.

I am still reading at The 7 Habits of Highly Effective People by Stephen R. Covey.  This is a book that is supposedly a must read for anyone who is trying to be successful.  I question that.

In this book, Covey writes about coming home during his daughter’s third birthday party.  When he arrived, he found his three year old daughter clutching her presents yelling, “No” to her little party guests, who all wanted to play with the presents they had brought her. 

Covey uses this to talk about how a person needs to actually possess something before they can freely share it or give it. That may be right, but this is very much a management failure on the part of Covey and whoever was involved with running the party.

Covey was obviously able to come home for his daughter’s birthday party, which was good.  However, this party should have been planned for after the time he was to arrive home.  Second, the order of events was poorly planned.

 If you are giving a child’s birthday party, you have game time first.  In this, you play party games where all can participate like Pin The Tail On The Pony (a shout out to all you My Little Pony fans),  Button-Button, or Duck, Duck, Goose.

Then, you have the cake and ice cream.  Before the sugar kicks in all the way, you have the child open the presents, give the kids a goody bag, and send them on their way.  There is no need for the child to face the sharing problem because the toys should not be available until just before the guests leave.





14 comments:

  1. What a great post, David...when my husband had his strokes and forced into retirement all the savings we had --had to be used to live on; house pmts, car pmts and so on...and ever so thankful on what we did have. Slowly, building that back up...have a beautiful day friend.

    ReplyDelete
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    1. Thank you for stopping by. I was forced into retirement back in 1996 because of my blindness. Earlier this year, I had three strokes. One never knows what the future will hold. We all need a financial plan.
      Have a great weekend.

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  2. This sounds informative. As someone who is semi-retired, I should have likely read this a few years ago. I'm working my way through TBR mountain and landed on Queen of Shadows by Sarah J. Maas this week. Happy reading!

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    Replies
    1. The book is written more for people in the UK, but much of the information is universal.

      It has been helpful so far. Thanks for commenting. Have a good weekend.

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  3. Sounds great, if you need help managing your finances. Happy weekend!

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    Replies
    1. So far it is an average book. Thanks for commenting.

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  4. Sounds like a good one. I just wish I had enough money to have to worry about it:)

    My Friday 56 from Scar Tissue

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    Replies
    1. Thank you for commenting. Have a great weekend.

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  5. What an awesome post! Great idea and thank you for sharing!
    Here is my Friday 56

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    Replies
    1. Thank you for commenting. Have a great weekend.

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  6. I've been to a few seminars where they recommended the Covey book. Looks like it could be good but I haven't gotten around to reading it yet. This is a great post.

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    1. There are some good things in Covey's book, but he spends a great deal of time saying the same things that Benjamin Franklin said in his autobiography. Honesty, integrity, time-management, and goal setting are all important. Thanks for commenting.

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  7. If you need help with finances this could be very useful... :)

    Check out my Friday 56 (With Book Beginnings).

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    1. Sometimes we know what we need to do, it is a good thing though to have someone remind us. Just like the book, In Search of Excellence, we need "a blinding flash of the obvious" to remind us about what we should be doing.

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