Wesley’s lifesyle – what a challenge!

Posted on May 2, 2013 in giving, Money

He was one of the great evangelists of the 18th Century, born in 1703.
In 1731 he began to limit his expenses so that he would have more money to give to the poor. In the first year his income was 30 pounds and he found he could live on 28 and so gave away two. In the second year his income doubled but he held his expenses even, and so he had 32 pounds to give away (a comfortable year’s income). In the third year his income jumped to 90 pounds and gave away 62 pounds. In his long life Wesley’s income advanced to as high as 1,400 pounds in a year. But he rarely let his expenses rise above 30 pounds.

He said that he seldom had more than 100 pounds in his possession at a time. This so baffled the English Tax Commissioners that they investigated him in 1776 insisting that for a man of his income he must have silver dishes that he was not paying excise tax on. He wrote them, “I have two silver spoons at London and two at Bristol. This is all the plate I have at present, and I shall not buy any more while so many round me want bread.” Read the rest of this entry »

Read More

Buying happiness?

Posted on Mar 18, 2013 in giving, happiness, MoneyLife

In his excellent TEDx talk at Cambridge, Michael Norton makes a compelling case that spending does, indeed, buy you happiness, as long as you spend it on others! Michael introduces the idea of social spending and explains how this increases the donor&#...
Read More