It took me quite some to write a blog post on The Beatles because I fully know that there are already millions of write ups regarding this all-time favorite rock n’ roll band. Well for me, I think it’s worth the wait as I already thought of an interesting blog regarding my favorite Beatle, John Lennon.
So why John Lennon? As we all know, John Lennon founded the original band known then as the Quarrymen. When members needed to be changed, he is the one who decided to get Paul and later George through Paul. Now, as to why I chose John over the others, let’s move fast forward.
When I first saw the Beatles’ live performance on a local channel here, I admit that the first Beatle to catch my attention was Paul McCartney. I think it’s due to his high ranged voice when they performed “She Loves You”. Paul’s voice is more prominent than John’s during those early performances. I became an instant Beatlemaniac when the local channel featured The Beatles almost everyday.
As my interest to The Beatles reached to greater heights (whew!!!), I started seeing the differences between John and Paul. When it comes to depth in writing lyrics and music, for me (whoops…Paul McCartney diehards don’t get offended, this is my own opinion.. 🙂 ), I think John has the edge. Who could forget the lyrics of his classic compositions “In My Life”, “Nowhere Man” and “Imagine”, as a solo artist.
Aside from music, I can say that John has the charismatic edge. Until now, John’s music remains fresh and would forever be classic. A timeless contribution to the world of music.
“Drivers going to the same direction would always catch up at each other at the toll gate at one point in time; whether they drive slow or fast.”
I recently posted one of the use of having an emergency fund. This post will somehow dig deeper why we really need to stash away a portion of our income to build up our emergency fund.
First of all; what is an Emergency Fund? It is an account used to set aside funds to be used specifically on things which are not a usual part of our regular expenses. The purpose of this account is also to serve as a safety net in the event of personal financial crisis. The ideal emergency fund must be equivalent to three to six months of our monthly expenses.
Building up an emergency fund is also another way to prevent us from incurring loans or debts with high interest. It must be placed in an account which should be easily accessible, such as an ATM savings account.
From my previous post, I mentioned something about the prosperity formula. From our income, we must first subtract a portion which is to be used for savings.
Income – Savings = Expenses
Ideally, it is recommended that we set aside 20% for our savings. 30% or 40%, much better. It depends on how much we can afford to save. That 20% can be subdivided into savings, investments and emergency fund. It doesn’t really matter how much we earn, its on how much we can keep. The discipline of saving something for the rainy season must be already ingrained in our minds. The sooner we start, the better. Let’s not wait for tomorrow to start with this habit. We must not procrastinate.
If the emergency fund was used, we need to ensure that we replenish it the soonest possible time. This is a continuous cycle. We must do this not because it is a responsibility. We must do this because this is a habit. A habit is something that we love to do repeatedly.
Happy Saving!!! 🙂