Today show
Updated: 8:45 a.m. PT July 11, 2006
We’ve all been there: You go into a store for a legitimate purchase and suddenly the clearance rack beckons. On “Today’s Money,” we take a look at the seduction of sales. “Today” financial editor Jean Chatzky was invited on the show to offer tips on how you can avoid the discount splurge.
What is it about a sale? What makes that pair of shoes or skirt or barbecue grill that you wouldn’t have given a second look at full price suddenly irresistible when it’s 15 or 25 or — ohmigod! — 50 percent off?
Don’t fret. You’re not the only one who can’t resist. A new study from The Boston Consulting Group conducted by Harris Interactive confirms that the search for good quality stuff at bottom-of-the-barrel prices is as American as baseball and apple pie.
You Deserve To Retire Early
by: Vishy Narayanan
The fact is that most people continue to work for a living, because they don’t have the means to live without that income. Do not get me wrong. You may enjoy doing what you do. If you do not have to worry about making a living out of this, could you do better, on your own terms?
Perhaps work fewer hours and spend more time with your family? Perhaps choose to take a few days to travel, without worrying about needing to ask for permission. Maybe spend a little time helping out your favorite charity?
There are a great many people who would not go to work, if they did not have to earn a living. Total Financial Freedom is about having that choice. If you quit your job, the organization will not shut down. They will find a replacement to do your job. They will continue their business. However, if you quit working for yourself, nobody will replace you. You owe it to yourself and the ones near and dear to you. When you have the choice, you may still continue to work. The big difference is in knowing that you have a choice.
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