Thursday, February 20, 2003
"Take This Job and Shove It" Money-Orrin Judd noted the passing of country singer Johnny Paycheck on Tuesday. I reference him in my personal finance classes when the topic comes to having the proper amount of liquid assets around in case of an emergency. Generally, you should have six to nine months worth of expenses in liquid assets (checking, savings, money-market account) on hand before you start doing big long-term investing. I'm not a great example, I'm closer to one month's worth at the moment. I remember a speaker to our InterVarsity group and MSU making this point on the need for that liquidity. If you're living from paycheck to paycheck, you don't have the luxury of leaving your present job if it becomes unethical. If you don't have savings to fall back on, you might be tempted to give into immoral activity at work in order to make ends meet. Thus, having that savings will allow you to echo the chorus of the Paycheck song-"Take this job and shove it; I ain't workin' here no more." The lyrics to the song aren't exactly edifying; the protagonist is POed over his wife leaving him and he's letting his frustrations rip. However, we need to be able to walk away from a job if we need to. Having that take-this-job-and-shove-it money will allow you to be more flexible and effective in your walk with the Lord.
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