Given my new mission, I was mulling over changing the name of this blog to better reflect my goal of linking behavior and spirit to building wealth. Then as I thought about it, I realized that a coin jar is actually a pretty good example of that alignment. Here’s why:It’s easy to start. You can use just about any container you find hanging around the house to hold your coins, which removes a big barrier to saving and building wealth: Just getting started. I use a medium-sized white porcelain bowl we got as a Christmas gift one year, and I’m not even sure how it ended up being my container. But I need something bigger because it's overflowing.
It’s habitual. Many people keep their containers close to the place where they empty their pockets each day, so they can toss coins in automatically. My bowl is in my nightstand, where I put my cell phone, Ipod, and employer security badge each night after work. When you make saving part of your normal routine, you give yourself a great chance of being a successful saver.
It builds up over time. Coin jars teach a valuable lesson: Wealth-building requires action and patience. You won’t get rich quick by saving pennies a day, but you'll be surprised at just how much your spare change adds up to over a long period of time. And that’s true for any type of saving, whether it’s a down payment on a house or your 401(k). Little things mean a lot.
So nothing's changing: The Coin Jar is here to stay. (Good thing, too, otherwise I’d have to write off as a loss all those Coin Jar t-shirts I printed up…just kidding. ; )
How much money have you saved using a coin jar? Have you ever used the savings to purchase a big-ticket item, like a TV or computer? E-mail me your story and make The Coin Jar Honor Roll.
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8 comments:
I keep coin jars. One is for copper pennies - lowest UK denominations - and after a couple of years I'd built up £47. The other takes the lowest silver denomination coins (5p) and apart from being raided every time I'm a fraction short of necessary change (exact bus fares, etc), has probably amassed several £ Sterling already. And you don't miss these coins if you toss just a few in each day. Thanks for your thoughtful post.
Good analogy. I don't save my change but I do save a good portion of my income. It definitely is a habit that take nurturing!
Sound good!! you can also put your money in bank locker to save.
Good day !.
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Hi !.
You may , probably very interested to know how one can make real money .
There is no initial capital needed You may begin to receive yields with as small sum of money as 20-100 dollars.
AimTrust is what you need
AimTrust incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with affiliates around the world.
Do you want to become really rich in short time?
That`s your choice That`s what you desire!
I feel good, I started to get real money with the help of this company,
and I invite you to do the same. It`s all about how to select a proper partner utilizes your money in a right way - that`s AimTrust!.
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I congratulate, it seems remarkable idea to me is
Save your pennies.
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