Use Patience and Organization

Respect Your Money

It’s All About the Art of the Deal

Darryl Morris

Occupation: Environmental Engineer

Years in Occupation: 6

What are the ideas or principles that motivate you to manage your money well?

I like to look forward to a future with endless possibilities. Having money is one way to achieve those possibilities.

What is your favorite book about personal finance, and how does it motivate you?

The Total Money Makeover by Dave Ramsey. It is such a simple book, with simple principles, and it will work for everyone.

Whom do you admire for his/her money management skills, and how is that person motivating to you?

My parents taught us about money at a very young age. They ran their farm in a sustainable way that allowed them to quickly pay off the farm while maintaining the buildings and machinery, and that provided a modest living while raising three children. Because they worked very hard for their money, they ensured their returns by investing in Certificates of Deposit (CDs) which made their financial future unaffected by the day-to-day fluctuations of Wall Street. The money we earned working as farm hands was also invested in CDs. We were able to see the power of compounding interest at a point in our lives when we really didn’t need money.

What system do you use to make sure you keep moving forward toward your financial goals, rather than stagnating or falling behind?

I keep a spreadsheet on Google Docs where I tally up the value of all my bank accounts and investment accounts on the last day of every month. I’ve been doing this since the beginning of 2008. To see where you are going, you need to see where you’ve been. After all the tumult of the past two years, the current market rebound is quite encouraging, and I am almost back to my financial height before the October 2008 downturn. Between then and now, I have increased my 403(b) contributions at work and am continuing to max out my Roth IRA by dollar cost averaging. Having weathered the worst of this storm, I am optimistic about updating the spreadsheet at the end of every month.

Where do you find confidence that you have what it takes to succeed financially?

You need to have confidence that your plan is a winner. It isn’t a get rich quick scheme. I could see someone who started investing in 2008 being very discouraged. However, seeing the current bull rally can be quite motivating for anyone who has a long time horizon.

Judy Young

Occupation: Laughter Coach and Health Educator

Years in Occupation: 10

What are the ideas or principles that motivate you to manage your money well?

Sometimes the lack of money, but mostly the strong upbringing that if you don’t have the CASH, you can’t buy “it” no matter if it is an essential item or a frivolous want.

What is your favorite book about personal finance, and how does it motivate you?

Suze Orman’s Nine Steps to Financial Freedom.  I am motivated by her mantra, “I have more money than I will ever need.”  Also, I am motivated by her belief that “When you respect your money, it will respect YOU.”

Whom do you admire for his/her money management skills, and how is that person motivating to you?

My now-deceased Aunt Ruby & Uncle Dean.  He was amazing with understanding the stock market, and they both worked hard holding down several jobs at one time.  They lived in a modest house and ALWAYS saved more money than they spent.  That’s quite the opposite of the way society lives today.  When they wanted something, they saved for it and paid CASH for every car they ever owned.  And they owened quite a few Cadillacs in their day!  They paid off their mortgages early and even paid CASH for the last home they had custom built.

What system do you use to make sure you keep moving forward toward your financial goals, rather than stagnating or falling behind?

If the money is not in the bank, I CANNOT put a purchase on a credit card and absolutely will not write a check.  If I have to go “without,” then so be it.

Where do you find confidence that you have what it takes to succeed financially?

Miracles just keep happening!!!

If you could summarize your personal money philosophy in one short sentence, what would it be?

“I have more money than I will ever need.”

Bryan Tabiadon

Occupation: V.P. of IT Management

Years in Occupation: 16

What are the ideas or principles that motivate you to manage your money well?

To protect and preserve money.  I would say my family, mainly my stepfather, provided me with the values that support good money management.

What is your favorite book about personal finance, and how does it motivate you?

My favorite book is Donald Trump’s Art of the Deal.  It motivated be because everything in life is about finding the right deal that works between two people.

Whom do you admire for his/her money management skills, and how is that person motivating to you?

I admire Warren Buffet for his long-term thinking, and Donald Trump for making fast money and taking risks.

What system do you use to make sure you keep moving forward toward your financial goals, rather than stagnating or falling behind?

I plan for both the long- and short-term at the same time.

Where do you find confidence that you have what it takes to succeed financially?

Try, try again until you WIN and make money!

If you could summarize your personal money philosophy in one short sentence, what would it be?

In business, take calculated macro-trend risks, and in life, spend money wisely by making your own decisions.