Your Money Mechanic…
January 30, 2008 | Author Dr Agon Fly
I just returned from dropping off my 1993 Geo for its 200,000 mile service – oil change, top off the other fluids, replace the left brake light and run the routine computer checks – yes there were computers in cars in 1993.
My cars last a long time because they regularly receive attention from a qualified and competent mechanic. He’s probably not going to win any prizes for his work and displays only ASE Certifications on his office wall, but he knows my cars and has over 5 years records of the work he’s done on them.
It dawned on me during the walk back to the house – his shop’s just a couple of blocks away – that a personal economy is a lot like a personal car. If you fail to care for it on a regular basis, it will break down and your negligence will have cost you dearly. Also, if you abuse you car it will fail. If you abuse your personal economy, it too will fail.
The routine of maintenance is not attractive. It’s so much more fun to discard the old and acquire the new. However, when it comes to your personal economy, there is no new. The Geo will eventually wear out and will have to be replaced. Your personal economy will last as long as you live. If you fail as a money mechanic, you don’t get to go to the Personal Economy Store and buy a new personal economy. You find yourself, instead, with dust in your pocket and – unless its gold dust and a lot of it – you have to start all over and build a brand new personal economy from nothing.
If you’ve been through this, you know how painful it is. If you haven’t, beware. Following the conventional wisdom that invades your conscious and unconscious during every waking hour will eventually destroy what you are working so hard to build. Remember, the sellers of product – cars, houses, mutual funds, annuities – want you to believe that you are making yourself wealthier buying their stuff. The fact is, they get paid in dollars, not in kind, for selling what they sell. They are the one’s getting wealthy because they get money – not stuff.
There is a better way. I strongly encourage you to learn the secrets to building and maintaining a personal economy that lasts – in good times and bad – and I recommend (of course) that you start by ordering and reading
Money for Life! How to Thrive in good times and bad …
You can learn much more about the contents of the book on line at:
Posted in Money, Personal Financial Management | 
Tags: agon fly, annuities, annuity, bank, banker, banking, banks, be the bank, become your own bank, becoming your own banker, bonds, circle of wealth, debt, debt to others, disability income insurance, Dr Agon Fly, Dr_Agon_Fly, financial, financial advice, financial planning, health insurance, housing market. stocks, how to thrive, infinite banking, insurance dividends, investing, jeff reeves, jeffrey reeves, leap system, life insurance, long term care insurance, Money, money for life, money under management, mutual funds, mutual insurance, mutual insurance company, nash, nelson nash, passive income, pirates of manhattan, r nelson nash, saving, stock dividends, stock market, Taxes, term life insurance, The Four Pillars, thrive, universal life insurance, variable life insurance, Whole Life Insurance, Who’s helping you