Saturday, December 29, 2007

A million dollars to give away

Many times in my life I have seen needs that I wanted to give money to meet. In fact, just today I recieved an appeal from the Russian Children's Home but tossed it in the trash because my wife had just told me not to spend anymore money. Most of my life I have not had money to give like I want to give. But tonight I came acrosssomething interesting while checking out the libertarians in my facebook networks. (I was checking to see if they were going to support Ron Paul)

One of the Libertarians in the Silicon Valley network runs an interesting blog.

"For most of us, having a million dollars liquid — that is, available for our use at any time, and easily convertible into cash — is the stuff of pure fantasy. But after talking to a few of my friends about decisions they were making, I was able to easily articulate one way we can all have $1 million in cash — liquid, available cash — in our lifetimes.

"No, this isn’t some “get rich quick” scheme, and it doesn’t require anything illegal or immoral. It’s actually quite simple. The one catch is that it’s easier to do earlier in your life. But it’s something anyone can do, and is easily within the range of most Americans. You have to follow some rules to make this work. But once you do, you’ll be a millionaire.
What is the decision?

"Buy a cheaper car, and invest the difference."



Read the details and review her math here.

1 comment:

Unknown said...

Hi Matt,

Thank you for the link! I, too, want to do big things with the money I make. Oprah's school in South Africa was a big influence on me and make me realize that millionaires and billionaires can do a lot more significant difference in the world. It changed my perspective on money.

I hope you, too, find interesting ways to spend your millions. ;)

BTW, I am not a huge fan of Ron Paul's social issues stance, but I really like his fiscal policy. Great fiscal policy does not a great President make, however. I wish he would be in Ben Bernanke's place as Fed chairman instead of running for President! He could do some serious good there.

-Erica
http://www.erica.biz/