Personal-finance lessons from an ex-con
Man has a new view on life and money.
Here's something you don't see every day: a personal-finance post by an ex-con. "Prison taught me everything I need to know about personal finance" was written by Roger, a 34-year-old former client of "MGL" and posted at MGL's site, MoneyGrubbingLawyer. (Thanks to Financial Reflections for the link.)
- Bing: What's prison life like?
It's an unusual perspective on PF topics. For instance, while we all know that debt causes stress, most of us don't have to worry that "your creditor will settle things with a shiv."
Here are a few more of Roger's observations:
You can't beat the system. "Stick to index funds; if you want to gamble, go see Slick in East Block for a game of craps," Roger says.
"Don't punch above your weight." If you can't manage credit or debit cards, put them away.
You are your own greatest asset. Keep improving your skills and your earning potential. Prisons are full of people who never learned that lesson.
We'll leave you with this beautiful thought from Roger, who learned it the hard way: "My time locked up has taught me lots, but the greatest lesson is that simple is beautiful. Happiness isn't about material possessions, or drugs, or money, or even love. It's about self-acceptance and inner peace."
Here's the link to: "Prison taught me everything I need to know about personal finance."
- Invest in your own happiness
- 10 bad habits that lead to debt disaster
- Simple living yields simply millions in savings
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
ABOUT SMART SPENDING
LATEST BLOG POSTS
Occupy Wall Street bought and forgave the student loan debt of more than 2,700 Everest College students.
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'