Comments on: A 40-10 rule for wealth and making a difference http://www.sitepoint.com/blogs/2004/12/29/a-40-10-rule-for-wealth-and-making-a-difference/ News, opinion, and fresh thinking for web developers and designers. The official podcast of sitepoint.com. Tue, 02 Dec 2008 07:53:53 +0000 http://wordpress.org/?v=2.5 By: dhoran http://www.sitepoint.com/blogs/2004/12/29/a-40-10-rule-for-wealth-and-making-a-difference/#comment-6512 dhoran Wed, 31 Dec 1969 19:00:00 +0000 1923011686#comment-6512 <p>This is an important reminder during this holiday season and the time of new year's resolutions. It reminds me of the tenets presented in the classic "The Richest Man in Babylon".</p> This is an important reminder during this holiday season and the time of new year’s resolutions. It reminds me of the tenets presented in the classic “The Richest Man in Babylon”.

]]> By: Steve MacLellan http://www.sitepoint.com/blogs/2004/12/29/a-40-10-rule-for-wealth-and-making-a-difference/#comment-6513 Steve MacLellan Wed, 31 Dec 1969 19:00:00 +0000 1923011686#comment-6513 <p>Yes,... the Success Business College in my town filed for Chapter 11. Amazing isn't it?</p> Yes,… the Success Business College in my town filed for Chapter 11. Amazing isn’t it?

]]> By: Sarah Lewis http://www.sitepoint.com/blogs/2004/12/29/a-40-10-rule-for-wealth-and-making-a-difference/#comment-6514 Sarah Lewis Wed, 31 Dec 1969 19:00:00 +0000 1923011686#comment-6514 <p>We live kind of close to that in my house. Here it's more 50-30-20, with us living on about 50%, 30% going to savings and investments, and 20% going to worthy causes (10% is automatically tithe and the other 10% is discretionary but mandatory chartitable giving). We did this on the recommendation of our pastor when we were in college. It was a lot easier to start then, when we were making beans, than it would be to try and suddenly part with half of our income.</p> We live kind of close to that in my house. Here it’s more 50-30-20, with us living on about 50%, 30% going to savings and investments, and 20% going to worthy causes (10% is automatically tithe and the other 10% is discretionary but mandatory chartitable giving). We did this on the recommendation of our pastor when we were in college. It was a lot easier to start then, when we were making beans, than it would be to try and suddenly part with half of our income.

]]> By: nathanj http://www.sitepoint.com/blogs/2004/12/29/a-40-10-rule-for-wealth-and-making-a-difference/#comment-6515 nathanj Wed, 31 Dec 1969 19:00:00 +0000 1923011686#comment-6515 <p>I just started earning my income so I will be doing something similar to this. :)</p> I just started earning my income so I will be doing something similar to this. :)

]]> By: lemkepf http://www.sitepoint.com/blogs/2004/12/29/a-40-10-rule-for-wealth-and-making-a-difference/#comment-6516 lemkepf Wed, 31 Dec 1969 19:00:00 +0000 1923011686#comment-6516 <p>As a college student, mine is more like 90-10. 90 to my bills/living expenses/loan payments and 10 to my charity. Hopefully when i get a full time job in a few months i'll be able to work on the 50,40,10. </p> As a college student, mine is more like 90-10. 90 to my bills/living expenses/loan payments and 10 to my charity. Hopefully when i get a full time job in a few months i’ll be able to work on the 50,40,10.

]]> By: dotpeter http://www.sitepoint.com/blogs/2004/12/29/a-40-10-rule-for-wealth-and-making-a-difference/#comment-6517 dotpeter Wed, 31 Dec 1969 19:00:00 +0000 1923011686#comment-6517 <p>I wish I could live by that rule as well, but for the moment I don't even make enough to support myself :(</p> <p>Hopefully it's something I will be able to do when I get out of college.</p> I wish I could live by that rule as well, but for the moment I don’t even make enough to support myself :(

Hopefully it’s something I will be able to do when I get out of college.

]]> By: escape164 http://www.sitepoint.com/blogs/2004/12/29/a-40-10-rule-for-wealth-and-making-a-difference/#comment-6518 escape164 Wed, 31 Dec 1969 19:00:00 +0000 1923011686#comment-6518 <p>I have adopted a 60-30-10 rule. My wife and I earmark our money for tithe and have worked hard to spend it as such. It has been a very hard thing to do. When you see you have $100 left to spend on tithe, but no idea what to do with it (I know, laziness on my part), and you want to go out to dinner, it's very easy to justify moving the tithe amount down to $50. </p> <p>However, I truly believe that as Americans (and others in industrialized nations!) have been blessed. Besides blessing other people, I've witnessed how my giving has impacted the lives of others and it has blessed me on a deep level. The 10% of my money I spend on others makes earning the other 90% to live worth it. </p> <p>A pat on the back to all who currently give and a word of encouragement to those who currently don't. If you don't now, doing so will bless you tremendously.</p> I have adopted a 60-30-10 rule. My wife and I earmark our money for tithe and have worked hard to spend it as such. It has been a very hard thing to do. When you see you have $100 left to spend on tithe, but no idea what to do with it (I know, laziness on my part), and you want to go out to dinner, it’s very easy to justify moving the tithe amount down to $50.

However, I truly believe that as Americans (and others in industrialized nations!) have been blessed. Besides blessing other people, I’ve witnessed how my giving has impacted the lives of others and it has blessed me on a deep level. The 10% of my money I spend on others makes earning the other 90% to live worth it.

A pat on the back to all who currently give and a word of encouragement to those who currently don’t. If you don’t now, doing so will bless you tremendously.

]]> By: chairman http://www.sitepoint.com/blogs/2004/12/29/a-40-10-rule-for-wealth-and-making-a-difference/#comment-6519 chairman Wed, 31 Dec 1969 19:00:00 +0000 1923011686#comment-6519 <p>what about taxes though.</p> what about taxes though.

]]> By: ptpnewmedia http://www.sitepoint.com/blogs/2004/12/29/a-40-10-rule-for-wealth-and-making-a-difference/#comment-6520 ptpnewmedia Wed, 31 Dec 1969 19:00:00 +0000 1923011686#comment-6520 <p>Like chairman said before, a question I have always wondered is do you tithe before or after taxes?</p> Like chairman said before, a question I have always wondered is do you tithe before or after taxes?

]]> By: CatsEyeDesigns http://www.sitepoint.com/blogs/2004/12/29/a-40-10-rule-for-wealth-and-making-a-difference/#comment-6521 CatsEyeDesigns Wed, 31 Dec 1969 19:00:00 +0000 1923011686#comment-6521 <p>For those of us who pay tithe in the strict sense, it is supposed to be "first fruits"... that is to say; you pay 10% of everything you earn, before taxes. Unfortunately, after a few rough months in 2003, I got out of the habit, but I'm working my way back into it.</p> <p>As for 40% savings... call me a procrastinator, but I'm young and I can always make more later. But for those in the countries affected by the tsunami, later might be too late so I hope all of us here at SitePoint can help make a difference for those people.</p> <p>On a side note... I never knew there were so many Christians here. Interesting.</p> For those of us who pay tithe in the strict sense, it is supposed to be “first fruits”… that is to say; you pay 10% of everything you earn, before taxes. Unfortunately, after a few rough months in 2003, I got out of the habit, but I’m working my way back into it.

As for 40% savings… call me a procrastinator, but I’m young and I can always make more later. But for those in the countries affected by the tsunami, later might be too late so I hope all of us here at SitePoint can help make a difference for those people.

On a side note… I never knew there were so many Christians here. Interesting.

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