Comments on: Reached Another Milestone And Other Great Articles From Around The Internet http://moneyning.com/misc/reached-another-milestone-and-other-great-articles-from-around-the-internet/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Thu, 08 Jan 2009 21:30:15 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Rich Johnson http://moneyning.com/misc/reached-another-milestone-and-other-great-articles-from-around-the-internet/comment-page-1/#comment-12446 Rich Johnson Sat, 13 Dec 2008 22:49:58 +0000 http://moneyning.com/misc/reached-another-milestone-and-other-great-articles-from-around-the-internet/#comment-12446 40-45 years ago, an article was in Readers' Digest. The author's parents started giving him $1 each week at age 5. However, he only received 50 cents. The balance went into savings with a goal of $20. He could spend the 50 cents anyway he wanted: no strings. After 40 weeks, he got the entire $20. He could spend the $20 anyway he wanted: no strings. At age 6, allowance was increased by $1, and the goal was increased by $20. After about 40 weeks, he received the entire $40, with no strings. Each birthday allowance went up $1 and goal went up $20. In just a few years, he understood the power of saving. When he had a paper route, he saved all he earned. When he graduated from college, he bought his first house--for cash! I'd like to find the original article or the author. I expect the author is in his mid- to late-sixties. Thank you. Rich 40-45 years ago, an article was in Readers’ Digest. The author’s parents started giving him $1 each week at age 5. However, he only received 50 cents. The balance went into savings with a goal of $20. He could spend the 50 cents anyway he wanted: no strings. After 40 weeks, he got the entire $20. He could spend the $20 anyway he wanted: no strings.

At age 6, allowance was increased by $1, and the goal was increased by $20. After about 40 weeks, he received the entire $40, with no strings. Each birthday allowance went up $1 and goal went up $20. In just a few years, he understood the power of saving. When he had a paper route, he saved all he earned. When he graduated from college, he bought his first house–for cash!

I’d like to find the original article or the author. I expect the author is in his mid- to late-sixties.

Thank you. Rich

]]> By: Loan Exchange » Best of Personal Finance Blog by Money Ning - October 2008 in Advice,Loans @ Finance Exchange http://moneyning.com/misc/reached-another-milestone-and-other-great-articles-from-around-the-internet/comment-page-1/#comment-11494 Loan Exchange » Best of Personal Finance Blog by Money Ning - October 2008 in Advice,Loans @ Finance Exchange Mon, 03 Nov 2008 22:42:53 +0000 http://moneyning.com/misc/reached-another-milestone-and-other-great-articles-from-around-the-internet/#comment-11494 [...] Re­ache­d An­o­the­r Mile­s­to­n­e­ An­d O&#1... [...] [...] Re­ache­d An­o­the­r Mile­s­to­n­e­ An­d O&#1… [...]

]]> By: MoneyNing http://moneyning.com/misc/reached-another-milestone-and-other-great-articles-from-around-the-internet/comment-page-1/#comment-2527 MoneyNing Tue, 30 Oct 2007 15:48:26 +0000 http://moneyning.com/misc/reached-another-milestone-and-other-great-articles-from-around-the-internet/#comment-2527 Ann: Thanks :) I'm quite happy with the progress so far and I really appreciate readers like you who continue to support this site! Ann: Thanks :) I’m quite happy with the progress so far and I really appreciate readers like you who continue to support this site!

]]> By: Ann http://moneyning.com/misc/reached-another-milestone-and-other-great-articles-from-around-the-internet/comment-page-1/#comment-2520 Ann Tue, 30 Oct 2007 01:57:57 +0000 http://moneyning.com/misc/reached-another-milestone-and-other-great-articles-from-around-the-internet/#comment-2520 Congratulations on the 500+ subscribers! Congratulations on the 500+ subscribers!

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