Living Without a Salary

How to reduce your expenses, so you can live without a salary!

Spending Money is Good for the Economy June 22, 2010

Yes, this goes against what everyone is telling you these days–“Stop spending money”, or “Save your money”. But spending money can be good for the economy. There are the obvious reasons why this is true, such as it create jobs, helps small businesses stay in business, and other things like that. However, no one really talks about the real reason why spending money is good for the economy.

Money Goes ‘Round and ‘Round

Have you heard the expression, “Money makes the world go round”? You may have thought this meant that we need money to live on or survive. While this interpretation is true, it is not the entire story. The myth of money is that there is only a “fixed” amount of money in the world. Physically, this is true. However, this is not exactly the way things work. Money must circulate on a daily basis for the economy to be healthy. This is similar to the way blood must circulate constantly for the body and mind to be healthy. In fact, the body needs several thousand quarts of blood every day, but on any given day, there is only 5 quarts of blood in a body. How do we get what we need? It is circulated.

Money circulates in the same way. It changes hands from one person to another, creating a healthy economy. What one person’s extravagant spending is another person’s amazing successful income. Eventually, that money comes back again as income for you. If the circulation slows or stops, everything falls apart and we have a sick or dead economy.

Spending Responsibly

While spending money may be good for the economy, it may not always be good for your economy. What this means is that, while it is okay to spend money every so often for more than just your needs, it’s not always prudent to do so. You must prepare for your needs and some wants, but you do not want to spend so much that you are in debt and stressing out about your finances. If you strike a nice balance, then you do not have to feel bad about spending money on yourself every so often.


I’m Back! May 29, 2010

Posting daily to a blog has not been one of my strengths. However, I have been kept busy working on other writing projects that brought in some money. One of those things involved writing for the Personal Money Store when their writers’ programs were up and running. Unfortunately, about every 4 months, they tend to stop all their programs except for the commissioned writing programs. Basically, that means writing articles and receiving a commission every time someone applies for a personal loan. Maybe not exactly honorable writing intentions, but at least it was some money coming in.

After a short sabbatical, I have re-worked my priorities and chosen to come back to consistently update this blog. Many people are having financial trouble these days and are looking for ways to make ends meet, and perhaps come out ahead. While I have not always followed my advice in the past, I have learned some valuable lessons along the way that you may be able to apply to your life. Therefore, the new purpose of this blog will to show you, not only how to save money, but how to make it as well.

Thank you for your patience while I was gone, and I hope to continue to see you all as we start this new phase together. Now, according to that Vulcan saying, “Live long and prosper!”