April 9, 2007 2:48 PM

Taxes were the subject of a recent conversation in the private forum for the upcoming Authentic Wealth tele-retreat. One participant wrote,

"How do normal people meet these obligations [i.e., taxes] and still buy houses and go somewhere once in a while and have careers they find fulfilling?"

I have often felt the same way, wondering how any ordinary person could ever have enough money to own a home and take care of repairs and pay taxes and clothe their children, etc.

What I noticed, in time, is that I had my "money thermostat" set at about half what would be needed to do all those things. I'm not sure why or how, but I didn't even think in terms of earning more or charging more than a certain amount. In fact, I was pretty sure that people who thought it was important to make more money were shallow.

Yikes! Is it shallow to want to own a home? Is it shallow to want to be able to replace the roof when it gets old? Is it shallow to want to travel?

No. So one day I decided to reset my financial thermostat.

Resetting a thermostat is the work of an instant, but it can take a while before the house warms up if you've left it empty andunheated for two months in mid-winter. In other words, when I reset my money thermostat, it took some time (in my case, three years) to increase my income enough that we could buy a home. So it is important to keep that thermostat at the new setting even when you still feel a chill.

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