Tag Archives: Stephen Rolston

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How To Be Done With Debt

Flash back to 1985 when I received the best piece of personal finance advice! Picture me, working my summer job as a laborer for a bricklaying company trying to pay for university. What was the best advice and who gave it to me? It came from an Italian bricklayer in his tattered and torn work clothes. You’ll need to read this aloud in an Italian accent while waving your arms enthusiastically to get the full effect.
“Stevie it’s not-a how much-a you make, it’s-a how much-a you save.” The significance of his statement stuck with me! Many of my university professors talked about personal finance but had not been in the marketplace.iStock_000008650446Small

These educated professionals were not practicing personal finance as well as this man who earned probably half of what they did. Arriving in Canada from Italy, penniless, this man owned 3 houses in downtown Toronto worth a substantial amount of money. He had learned one of the dirtiest words in personal finance: discipline. As my parents often had, we will have arguments, fights, worries, pain and disappointments until we practice what this wise bricklayer taught me. I believe it is based on the following Biblical personal finance truth.

In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.

Proverbs 21:20

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Who Has Time For That?

If you feel that there are never enough hours in a day, you are right! The clock keeps ticking whether we like it or not. But what are we spending our precious few hours on?

Here are some astounding facts:

  • The average person watches TV over 4 hours a day. That’s 28.5 hours each week.[1]
  • The average internet usage is 43.5 hours per month.[2] That equates to an hour and a half each and every day.
  • The average Canadian spends an unbelievable 32 days each year commuting to and from work.[3] That’s over 768 hours trapped in your car every year!iStock_000004879552Small

It’s no wonder we feel we don’t have enough time.

It’s because of that last statistic that Zig Ziglar suggests we turn our vehicles into “rolling universities.”  Tossing in a CD or tuning into a podcast can help turn your commute into learning time.

But what should we focus on?