Chapter 13 (ECO)

"'My other piece of advice, Copperfield,' said Mr. Micawber, 'you know.  Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness.  Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.'"  Charles Dickens, David Copperfield

This week's chapter talks about Saving, Investment and their relationship to the International Flows.  The textbook discussion is very theoretical.  For week's discussion board, let's get practical.  You can't become rich without saving. Just as nations become wealthy by saving -- so do individuals.

This week, share with your classmates your ideas on how to save money.  Examples of what you can write about include: will power, the power of time and compounding, taking advantage of laws on saving (401(k)'s etc), creative ways to spend a little bit less, financing ideas (i.e. don't finance anything for longer than its useful life), credit card debt, "real-world" savings accounts, diversification, etc.

Help your classmates become savers.  Don't repeat the ideas of others.  Write about something new.