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Holy Shenanigans! More STUFF? Loosing one's business due to lack of personal control is a sad thing. I've watched many people do just exactly that. Recently, a friend told me that her only money is in her business account and she's been using it rather freely. The business is losing money. It's going under, because it can't support itself. She has another income, but she's not living within her means. So, what is she buying with 'her money'? Frivolities, unnecessary trivialities, and 'bargains'. She and I have discussed the 'bargains' she buys. She's got more STUFF than any ten people NEED, and she still buys because it makes her 'feel good'. The fact of the matter is, she owns a big old building completely full of 'STUFF' she refuses to 'sell' because it's got personal value, and it's important to her, but the roof is falling in on the building, pigeons are in the building pooping on all of her prized possessions, so she buys more 'STUFF' to solve the problem. Ten dollar swimming pools to keep the rain from dripping onto her antique furniture and collectibles, plastic to cover them. Meanwhile the mice are eating through the upholstery and gnawing through the antique woods. The reason she does this - is it provides her with emotional 'security'. As long as she has 'STUFF' she has 'security', she thinks. In the mean while, she's working at a job to support her 'STUFF' habit, and loosing her business, because she's wasting the money from her 'business', instead of using it to build a business that would eventually support her - if she didn't have all that 'STUFF' draining her income. She doesn't have security; she has 'STUFF' being ruined by the frivolous manner in which she is spending her money. To say she is eccentric, actually only gives credence to her behavior. The fact of the manner is, she doesn't have the money to be eccentric. She has 'STUFF' which isn't going to get her anywhere, because her 'STUFF' is not appreciating, it's getting ruined. She has friends, but she doesn't listen to them, she has to have her 'STUFF'. I'm actually afraid my friend is going to be a lonely old person taking care of her 'STUFF' because she just can't quite realize that she needs to build relationships with people, and let go of her 'STUFF'. One time, I even ask her about 'friends' and she responded she doesn't have anyone she can trust. I can understand why. She's worked her entire life to develop a relationship with her 'STUFF'. I consider her a friend, and I have gone the extra mile to make our friendship work. I wonder sometimes at my dedication to the friendship - because sometimes I feel like I'm working toward a dead end. Particularly when it comes to her business. I worked for nothing at times while I attempted to help her get her business up and running. I felt eventually it would be worth something to her. But, she feels if she buys me 'stuff' she's somehow making it worth my time to help her. Her values are misplaced, and her priorities are dysfunctional. The saddest thing is, she's filling up her business with her 'STUFF' and when she looses the business, and she will loose her 'STUFF' too. Then what will she do? Her 'STUFF' isn't taken care of, it's just stashed there, taking up space and loosing value. Every time I see her, I want to scream, "Holy Shenanigans, MORE STUFF!" But, I don't think she would understand the problem - EVEN then!!! Copyright (c) 2005 - Jan Verhoeff Got a problem planning your business expenditures? Personal finance doing you in? Consider a FREE consultation with one of our consultants at eBiz Brand Performance.
MORE RESOURCES: Warning: set_time_limit(): Cannot set time limit in safe mode in /home/www/dynamic/uv.ro/personal-finance.uv.ro/public_html/inc/rss.inc on line 8 Column | Credit scores will get a buy-now-pay-later update. Here’s what that means. The Washington Post How to Have "The Talk" With Your Parents: The Financial Discussion You Can't Avoid Forever Investopedia What is a HENRY and are you one? The Detroit News Videos Make #Paydayroutines Everybody’s Business The New York Times Small-city lawyer, 36, uses multiple corporations to save and invest money The Globe and Mail Personal Finance Expert Dave Ramsey Is Absolutely Right About These 3 Wealth-Building Facts 24/7 Wall St. Two million student loan borrowers at risk of wage garnishment in July 2025: Are you one of them? MARCA Personal Finance: FICO meets buy now, pay later Chattanooga Times Free Press New CE: Controlled substances, personal finance, & more American Veterinary Medical Association Fi.Money Launches Protocol to Connect Personal Finance Data with AI Assistants Analytics India Magazine Ramit Sethi Reveals A Misconception About Personal Finance: 'There's This Phrase That Drives Me Insane' Yahoo Finance High schoolers will be required to learn personal finance if lawmakers pass bill Colorado Public Radio The Indie Personal Finance Bestseller List the American Booksellers Association Mortgage and refinance interest rates today for July 7, 2025: How to handle a high-rate housing market Yahoo Finance Fi Money rolls out AI feature for users' queries on personal finance via ChatGPT, Gemini Moneycontrol WSJ taps Eisen as personal finance bureau chief Talking Biz News How Will Trump’s Big Bill Affect Your Wallet? The New York Times Performing a Personal Financial Health Audit: How Is Your Financial Health? The White Coat Investor Abu Dhabi’s Island Projects: Smart Investment Opportunities Finance Monthly Best high-yield savings interest rates today, July 6, 2025 (best accounts offering 4.3% APY) Yahoo Finance These are the best places to retire in California, according to a new ranking San Francisco Chronicle Teaching Personal Finance Through Stories Pays Off — With Interest Stanford Graduate School of Business The ‘Hot Take’ on How To Actually Get Out of Debt, According to a Personal Finance Expert Yahoo Finance Ramit Sethi says you need these 9 'money milestones' before 40 if you want to be rich — how many have you hit? Yahoo Finance HELOC rates today, July 6, 2025: The interest rate on a home equity line of credit stays the same Yahoo Finance Your kid is getting a ‘Trump account.’ Should you put your money in it? The Washington Post Should I Borrow Against My $4 Million Stock Portfolio to Fund My Sons' College Expenses? 24/7 Wall St. Personal finance becomes the newest ‘adulting’ lesson for high-schoolers The Washington Post A rising number of Canadians are millionaires. So why don’t they feel rich? The Globe and Mail HELOC rates today, July 4, 2025: Holding steady as prospects dim for a summer interest rate cut Yahoo Finance Trinidad & Tobago 8th country to have UPI: How to use service abroad Business Standard Personal Finance for Students? Teachers Could Use It, Too Education Week Governors Prioritizing Financial Literacy National Governors Association Best high-yield savings interest rates today, July 3, 2025 (top account pays 4.3% APY) Yahoo Finance HELOC rates today, July 5, 2025: The home equity line of credit rate remains unchanged Yahoo Finance Most high schoolers want to learn about personal finance. Pennsylvania will soon require it. CBS News Up to 8.80% FD rates for senior citizens in July: Top picks Business Standard USA, Japan, Hong Kong pump $1.06 bn into Indian realty in Q2: Top deals Business Standard Personal Finance: Social Security crisis looms Chattanooga Times Free Press BHS to implement mandatory personal finance class Brainerd Dispatch CD rates today, July 4, 2025 Fortune |
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