SodySpokes

This post found on FrugalDad.com:

The Difference in Being Frugal, and Being Cheap

What is the first word that comes to mind when I say the word frugal. Cheap? If so, you are not alone. Most people tend to incorrectly associate being frugal with being cheap, when in fact they are two entirely different ways of looking at financial life. Dictionary.com defines frugal as “prudently saving or sparing; not wasteful.” The same online dictionary service defines cheap as “stingy; miserly.” But the differences don’t stop with the words’ definitions. Frugal people spend, give and consume a little differently than their”cheaper” counterparts.

Followers of frugality generally believe in being lightweight consumers of resources, whatever those resources may be. For instance, many frugal people prefer to make meals from scratch rather than paying several times for the cost of equivalent foods at a restaurant. Cheap people also frequently look for deals, but still could be heavy consumers of resources. Many cheap people will buy things on sale just because they are on sale, not because they really need them. Frugal individuals hunt for sales, too, but buy only enough to live on for the immediate future. (Read the article)

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Financial term of the quarter:

Hostile takeover:

This is business/financial lingo for assimilation. It refers to an involuntary merging of two entities, where the desires of the individuals are subjugated to the needs of the many, for the benefit of the whole. (aka: communism)

The focus of the financial info we have for you this quarter is access to our subscription to the Investors Toolbox website. (Read the article)

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President Ivan Holland, Anthem, Nevada Stake
Stake Conference August 27, 2006

The Lord never rewards righteousness with money!
The Lord does not reward eternal things with temporal (temporary) things.
Wealth and monetary gain are as much a test as a blessing.
If you think that monetary gain is a reward for your righteousness you’ll become prideful (pride cycle)
Jacob 2:18-19 The Lord will give us riches if we have the intent to do good and help others. If not, it will be to our condemnation!
An understanding of the Lord’s plan helps us put things into perspective in a way that the rest of the world cannot even fathom (imagine).
If we understand that this life is but for a moment and that we’ve been promised all of eternity, then we won’t get caught up in the mundane – and Christ will help us focus on what truly matters.

D&C 29:34-35 The Lord doesn’t give temporal commandments – only spiritual
The Lord wants us to succeed & receive exaltation
It is not necessary to achieve perfection in THIS life
This is NOT a competition.
We would not have any possibility of success without Jesus Christ & the Atonement
The Spirit and the Body are the Soul (D&C 88:15) …Duel nature, requires both.

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