1. Before embarking on the road to understanding our spending habits, we need to know the definition of positive attitude adjustment: Acquire a fresh mindset to permanently live debt free. (Past spending habits are replaced with a new innovative awareness of buying choices). Positive attitude adjustment is our life preserver that keeps us from drowning in a sea of debt to floating in economic stability.
It offers a financial reawakening to get us to stop overspending, get out of debt, and start saving money.
2. Some items are considered comfort needs. We think these purchases will bring us joy but in reality, they bring us stress instead, by increasing debt and diminishing our savings capabilities. For instance, add up all the purchases we make for a month, that we say costs only .99, $2.99 or $4.98, and purchases that are wants, not needs. Multiply the answer by 12 for a yearly total. Multiply that by 10 for a 10 year total. Then multiply that by 4 for a 40 year working career total.
All these purchases, however small and inconsequential they may seem, add up to thousands of dollars a year. The amount of money spent over 40 years, as stated in the book, is $154,820.
What a boost this would be for retirement funds!
3. The Lifestyle Chapter offers ways to incorporate positive attitude adjustment in all areas of our lives. For instance,
* Engaged couples find out how our "significant" other spends money. Are you compatible?
* Married people find out how to tweak their finances when necessary
* Parents learn positive attitude adjustment and teach it to their children from the crib to adulthood.
* Teachers learn how to include good money management skills in the classroom.
* By the time children are adults, they already have financial astuteness.
* This chapter also includes teenagers and credit cards, dating, college, living singly, divorced, empty nest, and retirement.
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