Here's an interesting comment left on my post titled The Importance of Being Earnest (In Saving):
Thanks for the reminder. The Millionaire Next Door is a great book, and I love the idea of being frugal as a starting point. My favorite is the philosophy of John Wesley, the English preacher from the 1700s. He believed you should 1. Make as much as you can, 2. Save as much as you can (frugal), and 3. give away as much as you can.
Sounds like a good philosophy to me. How about to you?
Good philosophy. I would add #4. Invest as much as you can!
Posted by: Todd | September 23, 2008 at 11:50 AM
Wesley was the founder of the Methodist Church. What's amazing about Wesley was that he was pretty much ahead of his time on what the Church would struggle with in coming centuries. He knew that, as his members practiced and grew in the Christian faith, it would help them succeed in the world as well. And success in the world leads to increasing riches, and increasing riches can easily lead a man to forget his place and forget God's presence. To Wesley earning a lot of money is not a bad thing, but you still have an obligation to live a modest life and give back as much as you possibly can. No reason to get hung up on material things.
How wise that looks today ... how wise indeed.
Posted by: Bad_Brad | September 23, 2008 at 04:10 PM
Thanks for making a post about my comment! :) Naturally, I'm a big fan of Wesley's thoughts.
Posted by: Success Professor | September 26, 2008 at 12:19 AM