A Dime of Every Dollar | Wisdom, Wealth, and Wellness
A Dime of Every Dollar | Wisdom, Wealth, and Wellness
Discipline. Habits. Cajoling people into doing what’s in their long-term best interest.
Two simple ideas: Saving a dime of every dollar and donating a dime of every dollar. The first twenty cents you make is not yours – ten cents for you, ten cents for other people.
If people can adopt that single habit from the first day they earn a dollar, to the last day they earn a dollar, and they do it consistently as a habit they will achieve a life of abundance, freedom, and opportunity like you cannot imagine. Also, it has the impact of being mindful of others. Mindful about the community, about the causes, the people, the circumstances, the things that matter to you, allowing you to be able to shape and influence culture and society.
It ain’t easy. I’m not saying it’s easy.
Start with a dollar. If you can’t do a dime of every dollar, start with a penny of every dollar. Start with one cent of every dollar for yourself and one cent for others and then inch it up every year. And if you can do that from day one of earning a buck on, whew, I promise, I promise, even though there’s, you know, “no pain, no gain” – even though there’s gonna be short-term pain because you think you can’t afford to put away that penny or that 10 cents toward yourself and others. Twenty or thirty years from now, you are going to be grateful that you heard this message.
Maybe not now, but later you will, while on your path to Wisdom, Wealth, and Wellness.
Have a great day.
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Disclosures
This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.
Further Reading
Jonathan Satovsky Interviews Rabbi Simon Jacobson
Always on the run
Learning something new
