Hey there Fastlaners,
I just finished UNSCRIPTED (it was a fantastic read), and one notable part of the book was when @MJ DeMarco talked about purposed saving.
I love this term because it encompasses so much of what so many find difficult to do, and that is to simply have the discipline to not spend money on stupid trendy shit.
It took me a few read-throughs, but I believe I now understand the money system and how it works:
Your money system is basically your self-run money machine that sits and grows larger through inflation-free asset investments and other revenue streams, while the interest earned from your money system goes to fund your lifestyle.
Would this be a correct interpretation?
Also, I loved the method that MJ used to track his money system progress. He created a money tracker by using a 2X4 wood plank, some nails, and interchangeable numbers. I love that!
One more question from this method:
When you set aside money for your money system, what would be the best account/method of deposit to set this money in? Because I would think that you don't touch this money once it has been put into your money system (at least I wouldn't touch it). I wouldn't want the temptation to use this money.
Any help/answers would be appreciated. Thanks all!
I just finished UNSCRIPTED (it was a fantastic read), and one notable part of the book was when @MJ DeMarco talked about purposed saving.
I love this term because it encompasses so much of what so many find difficult to do, and that is to simply have the discipline to not spend money on stupid trendy shit.
It took me a few read-throughs, but I believe I now understand the money system and how it works:
Your money system is basically your self-run money machine that sits and grows larger through inflation-free asset investments and other revenue streams, while the interest earned from your money system goes to fund your lifestyle.
Would this be a correct interpretation?
Also, I loved the method that MJ used to track his money system progress. He created a money tracker by using a 2X4 wood plank, some nails, and interchangeable numbers. I love that!
One more question from this method:
When you set aside money for your money system, what would be the best account/method of deposit to set this money in? Because I would think that you don't touch this money once it has been put into your money system (at least I wouldn't touch it). I wouldn't want the temptation to use this money.
Any help/answers would be appreciated. Thanks all!
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