It's Expensive to be poor!
In a late issue of 'Fast Company' magazine, the editors relate what author Barbara Ehrenreich wrote in her new book: 'Nickel and Dimed':
"I'm baffled by failed executives who demand huge severance packages to 'maintain their lifestyle'. They should try to get by on $7 an hour. I did...
The biggest surprise: It's expensive to be poor.
Without a bank account, you have to pay to get your cheques cashed. Without extra cash, you can't buy in bulk to save money. And it's almost impossible to find a place to live, even if you can make the rent, because you can't make the security deposit...I had a co-worker for whom buying a polo shirt on sale or $7 was out of the question. I drove in car pools to housecleaning jobs where a tollbooth presented a crisis: Would the boss reimburse us?
What struck me when I returned to my real life was how easy it felt.
With money, things just happen. Need to get across town quickly? Take
a cab.
Don't feel like cooking? Order takeout. The ease of it is miraculous..."
She shows what many know: It's expensive to be poor.
So why not be part of the miracle and NOT be poor? Lincoln said the best thing we can do for the poor is "don't join them."
According to author Thomas J. Stanley, author of "The Millionaire Next Door":
"The average self-employed person has a net worth five times greater than people with jobs. Most people who love what they do work in businesses that they started."
Have a great week!!!
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