Skip to main content

Kirk McDougall's 3 Rules of Income

These are my 3 Rules of Income.

1 - You are spending more money than you are making.  You will eventually go bankrupt if this continues.

2 - You are spending as much money as you are making.  You will be doing the same thing forever if this continues.

3 - You are spending less money than you are making.  You will eventually be wealthy if this continues.

The third rule has helped me incredibly.  The first two... not so much.




Useful Links


Comments

Popular posts from this blog

Space Game

In the late seventies (yes, the 1970s) I was enrolled in an Electronics Engineering Technology program.  There was some minor programming involved.  I had to write my first program on ticker tape but I loved it right away.  I could write some code and then watch the machines do what I asked them to do.  It was just awesome. 
The school had some minor games on the central computer.  One of them was a space game.  No one had personal computers at the time so this was brand new to me.  Just picture yourself at 23 years old being able to play your first computer game.  It was mesmerizing.
We did not have terminals, just teletype machines, so each move we made in the game had to be printed out.  It took a lot of paper.  And now we see the problem.  The school shut down the computer games because of all the paper use.  It was a sad, dark time indeed.
We were all quite upset so in programming class I inquired about the space game only to be told that it was not coming back.  Then I asked “What…

Tree Tinkler

In our city on Vancouver Island we still have a local newspaper.  One of the regular items in the newspaper is the "Beefs and Bouquets".  One of my beefs won the number 9 spot in the top 10 Beefs of the Year.  I have copied it in its entirety below.

BEEF To the woman who went into the trees in our yard to tinkle. She was undoing her pants as she was running from her car to the trees so it was pretty obvious what she was up to. Does she realize she is next to a 24-storey building with a clear view of her makeshift toilet? At least I hope she was only tinkling.

Here is a link to the Newspaper’s top ten Beefs of the Year.

Saving Made Easy -- No Nonsense Version

Saving Made Easy (No Nonsense Version)




Have someone else take care of saving money for you.

Go on and live your life… be a solid citizen… party your brains out… divorce… marry ten times… be a politician… be homeless… be rich… do whatever you want to do or can do with your life.During your life you will have savings to help you do all, or any, of the above. You may even save some money for later in life… like next week. If you have a job your company may have a savings plan.The way it usually works is that the company will take the money right from your pay without you ever seeing it and put it in a savings plan.Many companies will contribute some of their own money.You just got a raise.You are getting more money without doing a thing.


Some companies have a stock purchase plan.It usually works the same as the savings plan above but your company will buy shares for you instead of putting the money in a savings plan. If you don’t like the idea of being in the stock market just take the m…