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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308648  
Subject: Re: Ideas for Savings Date: 4/16/2001 1:28 PM
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<<Meanwhile, I'll take the faustian bargain. I came into this bargain with my eyes wide open in the sense that I knew what I was getting into. I just didn't realize there was a whole other world of possibilities out there on what he calls the Business Owner/Investor side of the quadrant (the other side being the Employee/Self-employed side). I also wasn't in the habit of thinking of myself as a potential entrepreneur/investor. That is changing. Live and learn. :-)
>>


In my view, everyone is in business for themselves. Everyone's finances can be analysed in terms of a balance sheet of assets and liabilities and an income statement of income and expenses.

Student loan debt is an investment in human capital by the business --- it can be a good or poor investment (in a financial sense) depending on how wisely and shrewdly education decisions are made.

Similarly, if shrewd business decision making is applied to personal expenses, needs will be purchased first and then sufficient luxuries that can be afforded and maximize personal satisfaction.


Once you acquire $1.00 in savings, you have to make business decisions on how to invest those funds. Shrewd decisions on investments can multiply the value of savings many times, in the same way an investment banker may make skillful decisions.

So, in my view, we should all acquire some understanding of business methods and business decision making, because it will allow us to increase and perhaps maximize the utility and value that our income has to us. This maximized the probvability that we will be able to lead a life of financial security and perhaps abundance, if that's what we want. That is one definition of human freedom, in my opinion.



Seattle Pioneer
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