Build Wealth With a No-Budget Spending Plan

The beginning of a new year is a great time to set goals for the coming year.  In this article, Rick Kahler describes a way to manage your money that is a little different that standard budgeting.  I think that he hits some really key points here and thank that everyone could benefit from reading this article.

Happy New Year!!!



Here’s a new twist on an old New Year’s Resolution: If you want to give yourself the security of financial independence, try budgeting the way many wealth accumulators do.

The secret? They don’t budget.

Your first reaction might be, “Of course these people don’t budget! They have so much money, they don’t need to.”

That may be true for some of those who have money today, but I’m referring to people who want to remain wealthy or those who are “wealth accumulators.” These are people who don’t start out with money, but who build up significant wealth over time.

Many successful wealth accumulators don’t follow a detailed budget in the traditional sense. Instead, they develop the habit of living on less than they make. They do this by setting clear priorities. Here is how it works:

see the full article here: Rick Kahler: Build Wealth With a No-Budget Spending Plan | Financial Awakenings.

The Productivity Paradox: How Sony Pictures Gets More Out of People by Demanding Less – Harvard Business Review

Companies are experiencing a crisis in employee engagement. One of the problems is all the pressure companies are putting on employees to produce. Workers are trying to get more done in less time-and are burning out. But while time is finite, energy is not; people can increase their reserves of personal energy. The key is to establish rituals-such as shutting down your e-mail for a couple of hours a day so you can focus on priorities, or taking a daily 3 p.m. walk to get a breather-that renew yo… Read More »

via The Productivity Paradox: How Sony Pictures Gets More Out of People by Demanding Less – Harvard Business Review.

Ease Holiday Stress With a Giving Portfolio

With Christmas time here NOW, here are some great ideas for giving.

Enjoy the article.  And have a joyous Christmas.




Salvation Army bell ringers. Angel trees. Appeals in the mail from charities, churches, and community organizations. Office and club gift exchanges. The family Christmas list that expands year by year.This time of year, the spirit of giving gets a serious workout. For some of us, it can quickly turn into a spirit of frustration as we feel overwhelmed by requests and obligations.Maybe one answer to make the season more manageable is to become more conscious about your giving by creating a “giving portfolio.”

via Rick Kahler: Ease Holiday Stress With a Giving Portfolio | Financial Awakenings.

Diversify Investments To Enjoy Dance

Rick has a great way of explaining diversification by likening it to dancing.  I think you’ll enjoy this article – and get a few chuckles.



It’s been years since I took dance lessons, but as I remember it, an evening of dancing has an overall rhythm that’s separate from each individual song. A good band will vary the tempo of the dance by playing a variety of music. Too many slow songs, and dancers get bored doing one foxtrot or two-step after another.

Too many polkas or fast jitterbugs, and half the crowd might end up a bit too literally “on the floor.”A dance band might play mostly country-western music, have a big band sound, or focus on oldies rock and roll. But no matter what type of music it plays, in order to be successful it needs to have a diversified repertoire.And no band would be invited back if it played nothing but novelty dances like the hokey pokey or the chicken dance. These might be fun for a few minutes, but nobody—except possibly a three-year-old on a sugar high—wants to do …..

Read the complete article here:

via Rick Kahler: Diversify Investments To Enjoy Dance | Financial Awakenings.

Musings on the best gift of all

I’ve found that sharing your memories, experiences, values and stories is one of the best gifts of all.  This article explores how to do this.



The best gift of all: your genuine interest Here we are at December again! With all the rituals and festivities, it’s the month that promises moments of transcendence from the ordinary. We all know how much stress can be attached to trying to meet those expectations! But right under your nose is the means to find those special moments – stress free. Where?

In conversations sparked by your genuine interest and curiosity about the life experiences and perspectives of the people you stand and sit next to at holiday gatherings over the next few weeks. Don’t waste the opportunity to be surprised, to connect in new ways, to give the gift of true attention. Some reminders and ideas: Don’t assume you know everything already! There is always something new to learn about someone.

Read the complete article here:   Personal Legacy Advisors: Musings on the best gift of all.

Celebrating Surprising Donations at the Secret Society of Creative Philanthropy

Another interesting MicroPhilanthropy Article.

What can you do this Christmas?



Seeing How Far $100 Can Go



Andrew Marantz paid strangers to walk through Bryant Park holding hands and sharing secrets. Joshua Krafchin walked up and down a B train begging people — to take his money.

Amy Coenen placed 20 $5 bills, each inscribed with quotations on the theme of giving, in places around the city — the straw container at a Starbucks, the floor of an apartment building lobby — where they might be found and inspire generosity.

And Helen Coster slipped the whole $100 into a thank-you card and asked a friend to hand it to the clerk at Duane Reade who regularly cheers her up.

As acts of philanthropy go, none of the above would rate particularly high on any measure of effectiveness. They do get points for creativity, however, which, to Courtney Martin, the 30-year-old minor-league benefactor who spawned them, is an undervalued aspect of charitable giving. “Human salvation lies in the hands of the creatively maladjusted,” she likes to say.

Read the complete article here:

Celebrating Surprising Donations at the Secret Society of Creative Philanthropy –

The GOOD 30-Day Challenge: Creative Microphilanthropy

I first became aware of MicroPhilanthropy about a year ago and have been following the area since then.  It is a great way to help others – even if you don’t have a lot of money that you can part with at the present time.  It’s also a great way to get your children involved and teach them about philanthropy.

Get creative & have some fun!!!!

I hope you enjoy this article.  Let me know.



Welcome to The GOOD 30-Day Challenge (#30DaysofGOOD). Each month, we challenge ourselves to improve the world around us—and our own lives. The challenge for December? To give away $30 (total for the month, not every single day) in the most creative and inspiring way possible. It doesn’t have to be $30. It could just be $10. Or even a single dollar. We’re aiming to make giving more creative and personal.

Pop quiz: when you hear the word philanthropist, who comes to mind?

For most of us, it’s someone like Bill Gates, striding through an African village, smiling at cute kids. Or maybe Bill Clinton sitting on a stage, flanked by a couple of much-celebrated social entrepreneurs.

In fact, according to a study by the Women’s Philanthropy Institute, the Americans who give away the biggest proportion of their own income are women who make $23,509 or less a year, not ridiculously wealthy white dudes named Bill. Philanthropy isn’t just multimillion-dollar checks and large-scale public health interventions. It’s also small acts of care, creativity, and a dollar donation equivalent to forgoing a fancy lunch.

You can read the complete article here:

The GOOD 30-Day Challenge: Creative Microphilanthropy


and you might also want to check out this article: