Comments on: Attitude About Cash Flow http://www.al6400.com/blog/2008/05/27/attitude-about-cash-flow/ Making, Saving and Investing Money For Business and Personal Finance Mon, 26 Jul 2010 18:18:02 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: Rachel http://www.al6400.com/blog/2008/05/27/attitude-about-cash-flow/#comment-35160 Rachel Thu, 29 May 2008 13:07:31 +0000 http://www.al6400.com/blog/?p=716#comment-35160 I see nothing wring with saying it is paying off a bill, but I would be happy about it. All of my income goes towards paying off the mortgage, I am thrilled about that as I cannot wait to be free of the debt. I see nothing wring with saying it is paying off a bill, but I would be happy about it. All of my income goes towards paying off the mortgage, I am thrilled about that as I cannot wait to be free of the debt.

]]> By: Alan Yu http://www.al6400.com/blog/2008/05/27/attitude-about-cash-flow/#comment-35139 Alan Yu Thu, 29 May 2008 01:52:42 +0000 http://www.al6400.com/blog/?p=716#comment-35139 That's actually kind of a cool way of thinking about it. Very positive attitude at least that's for sure. :smile: That’s actually kind of a cool way of thinking about it. Very positive attitude at least that’s for sure. :smile:

]]> By: Stewart http://www.al6400.com/blog/2008/05/27/attitude-about-cash-flow/#comment-35132 Stewart Wed, 28 May 2008 22:15:29 +0000 http://www.al6400.com/blog/?p=716#comment-35132 A related theme perhaps, but I remember years ago reading about a special holiday which a person took. They had calculated how many days into the year it was before they were finally working for themselves. The logic was to take how much you earn gross and get an approximation of the tax you will pay in the year. Let's say you earn $36,500 gross, and will pay 10,000 in tax. $36,500 is $100 per day. With $10,000 of tax to pay that would take you 100 days. Therefore this year, your Tax Celebration Day would be April 10th. On April 10th you could say that this is the first day of the year you stop working for the CRA and start working for you! Just a bit of fun, but an illustration of how perspective is all important! A related theme perhaps, but I remember years ago reading about a special holiday which a person took. They had calculated how many days into the year it was before they were finally working for themselves.

The logic was to take how much you earn gross and get an approximation of the tax you will pay in the year. Let’s say you earn $36,500 gross, and will pay 10,000 in tax. $36,500 is $100 per day. With $10,000 of tax to pay that would take you 100 days. Therefore this year, your Tax Celebration Day would be April 10th.

On April 10th you could say that this is the first day of the year you stop working for the CRA and start working for you! Just a bit of fun, but an illustration of how perspective is all important!

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