Sunday, November 14, 2010

5 OLD WEST (COMMON SENSE) MONEY RULES

HOW TO PREVENT BEING 'GONE TO TEXAS' 
On The Trail with Stephen Bly
Copyright©1993,2008



A fella who owns a gas station and mini-mart down the road has an interesting habit. Every time a customer’s check bounces, and he can’t find the person who signed it, he posts the check on his bulletin board and writes across it with a red Sharpie: 
“Gone to Texas!”


          In the Old West days, this state/territory had a reputation for harboring horse thieves and outlaws. The land was so vast, the lawmen so scarce, that it was possible to hightail it to Texas and never be found. The mini-mart owner figures some folks possess that same mentality today. They’ve found their own wild and wooley Texas to run to. To keep from paying their debts. . .to friends, to family, to creditors, to society.
         
The Bible advises otherwise . . .
"Don’t run up debts. . . ."(Romans 13:8 MSG)

We can tell a lot about a person in the way they manage money.

Most folks wouldn’t think of slipping into a store, opening the till, grabbing a stash of bills when no one was looking. We condemn stealing. But handing a merchant a bad check—that’s the same as pulling money from his pocket. It’s not bad math. It’s moral failure. It reveals a lack of self-control and spiritual discipline.
         


Here’s some common sense finance goals:
1) No bounced checks.
2) Payments on time.
3) No postponed bills.
4) Never borrow money you can’t repay.
5) Don’t buy stuff you can’t afford.

It’s a worthy aim to determine to be financially stable.

And never be accused of having ‘gone to Texas.’

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What's the smartest advice you were ever given about handling money?

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