In These Financial Times You Need Tight FISTAL Policy 12 Nov 2009 by Sean Teahan in Founders Blog

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A TIME TO SOW... A TIME TO REAP.

Like most things in life fiscal policy is all about balance - A time to sow and a time to reap. Problem is we've been doing far too much reaping in the last 10 years.

THE REIGN OF THE TIGHT ARTIST

Welcome to the era of the Tight Fist. They reign supreme. They've saved their money instead of spending for the last 10 years. They're the ones you see gleefully inspecting properties at the thought of getting a bargain while everyone else looks on in broke confusion.

THE CUNNING OR THE CAUTIOUS - WHAT 'MONEY PERSONALITY' ARE YOU?

No one seems to realise how innate our attitude to money is. Dealing with money did not just start in the 20th century. As soon as we humans started walking on two legs we started to trade. It wasn't money as we know it today - sometimes it was salt, sometimes valuable stones but the principals were the same. Even among those very first novice traders there would have been the more cautious cunning types versus the more casual spenders. Our "money personality" comes as natural to us as sleeping, eating and sex. It's primal; something not to be ashamed of. It's not just individuals that have a "money personality" - groups do too. Companies do. Governments do.

GOVERNMENT FISCAL POLICY - THE POWER TO CONTROL YOUR PERSONALITY

Governments are more sinister though. They do it through fiscal policy. So not only do they have their own money personality, they also try to influence yours as well. If they think you're not being tight fisted enough for their liking, they'll take more tax out of your pay. Or they'll increase interest rates so that you can't afford to borrow as much. Or if you already have a mortgage they'll increase rates so you have less left to spend after making your interest repayment. Or they want you to save more by giving you a high interest rate.

Then just when everyone's getting the hang of all this, they change the rules again. Low tax. Low interest rates. Spend, spend, spend. New roads, new hospitals, new schools. It's 1999 again.

REGAIN THE POWER. CUT THE PUPPET STRINGS AND TAKE CONTROL WITH "FISTAL" POLICY

We might seem like puppets, but we still have a choice. You can choose to be on a string in the hands of government fiscal policy or you can choose freedom and take control of your finances back into your own fist and embrace FISTAL policy.

If you're lucky enough to be naturally tight fisted you should celebrate with abandon (but only in a tight fisted way of course). But even if you're not a "natural" you can learn some simple rules and become quite proficient. You might never be a master like this guy Tight Arts Tip #2 but you can certainly learn to improve yourself in this area.

A PREDICTION: YOU'LL BE CALLED A CONTRARIAN. YOU'LL BE RICH. THE OPPOSITE SEX WILL FLOCK TO YOU....MMMMM

You'll learn to be wise. You'll spend when everyone else can't afford to and you'll save when everyone else is partying. You'll be unique. You'll be called a contrarian. You'll be rich. The opposite sex will flock to you... One of the richest people in the world - Warren Buffet - is notoriously tight fisted. He once denied a loan to his own daughter. He also is responsible for the following quote:

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.

Let that be an inspiration to all fellow tight artists around the world.

Long live the Tight Artist.

Cheers,

Sean Teahan.