Monday, April 24, 2006
Who am I to give financial advice? Nobody. I don't have a designation with a C in front of it like CPA or a Certified Financial Planner. Still, I have advice. Everybody does.
First there is my basic philosophy. It has a three-letter code like all those certifications. Only it begins with D. It is DDE. This is the DDE financial philosophy. Debt-free. Diversified. Enjoyable. You will be SO much better off if you pay off your debts, don't put all your eggs in one basket and make sure that you enjoy what you are spending your money on. (As far as possible. This doesn't mean you shouldn't pay your taxes or your utility bill.)
There are all kinds of caveats and corollaries to my advice. Things like budgeting and investing and creating options for your life. But that's the basic tenet. Maybe others have done better than I with fewer opportunities. But I've muddled through with this philosophy.
And what, you may reasonably ask, does a picture of a flamingo dressed up as Patsy Kline have to do with this philosophy? Maybe nothing. Maybe something. Patsy decorated our table at the Red, Hot and Soul benefit on Saturday night for the Zach Scott Theater here in Austin. The donation to the theater was wrapped in the enjoyment of the Keepin' Austin Weird decorations. I like spending money on charity and also have an abiding belief in decorated flamingos. (And naked ones, too.) Hey and you should have seen the Brokeback Mountain flamingos!