Wednesday, September 06, 2006


Million Dollar Savings Club Day 14

This post is an update to the Million Dollar Savings Club. If you are not familiar with this club, you can learn more by reading my post describing it.

By now you should start feeling comfortable with your new habit for saving money every day. Congratulations. You’re almost there. It’s been said that it takes about 20 days to form a habit. We’re one week away.

Personally, I can tell you that the habit has finally taken root. Having cash on hand to put into separate piles of money is almost an afterthought. I do it without much thinking now. It’s painless. It’s much different than my problems a week ago.

Today we’re fourteen days into the club. You now should see a fairly sizeable amount of money in 3 piles – Savings, Investing, and Giveaway.

Today, I’d like to focus on the third pile, the giveaway pile. You should have $14 in the giveaway pile. Fourteen dollars is not a lot of money is it? But let me ask you, when was the last time you gave away fourteen dollars? If you don’t think it’s a big deal, add it to your waitress’s tip the next time you dine out. How will she react? I’m willing to bet it will make her night.

What about homeless people? I don’t know about your town, but in Detroit Michigan they’re everywhere. You can’t go into the city without being approached from someone with his or her hand out. Most of us just walk by and give these people the cold shoulder. Some may give them pocket change, but most only give them an excuse why they can’t give.

I wonder what their reaction would be to getting $14. I wonder how you would feel giving that money away.

Don’t discount the giveaway pile. I think you’ll find it the most important pile of all. Even though it’s only $14 today.

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