Post of the Day
June 30, 1999
Credit Cards Folder
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Subject: The slow road to Fool-dom
I'm de-lurking to muss over a hurdle I'm in the slow process of jumping
Over the last three years I've worked pretty hard on getting some Foolish habits.Emergency fund, check!; 401k contributions, got it! Tracking outgo to the penny, I'm there!
I just wrote a $3K check to bring my final credit card balance down to a little over $2,000.
I should be polishing my dancing shoes...shouldn't I?
I still haven't mailed the check. There are so many other things I want to do with this money. I want new clothes. I want to go to Tahiti. I want a dishwasher and a new dryer. I want the Acid Green 1968 Volkswagen Karman Ghia Convertible that the guy down the street is selling. I want, I want, I want.... Just like I wanted all of those things that made up the balance on the credit card. I couldn't tell you if my life depended on it what the $5K got me.
It's times like these when remembering the goal is critical. Listening to the "I want" voice is part of the foolish past. The Fool in it's place is going to get to Tahiti, in the future, by paying cash. In a year I should have enough cash to have a dishwasher installed, and I really don't need a new dryer. ....I still wicked want that car, though. Whoops! relapse...
So, I will put the leash on the dog and we'll walk down to the mailbox (free excercise), and mail this bad boy. Then I'll come home, and play ball with the aforementioned dog (free entertainment)so that I can see how utterly happy such a simple thing as a red rubber ball can make her, and then I will read a chapter from "Your Money or Your Life" while taking a cool bath, possibly with a Mai Tai.