Get Rich Slowly
Home | About | Archives | Forum | Contact
  • Popular:
  • Get out of Debt
  •  | 
  • Savings Account
  •  | 
  • CD Rates
  •  | 
  • Credit Cards
  •  | 
  • Insurance
  •  | 
  • Best of GRS
As seen in: The Wall Street Journal, Money Magazine...
« Counterpoint: Debt-Free Living Has Its Drawbacks | Main | Book Review: The Consumer Trap »

links for 2007-01-29

Monday, 29th January 2007 (by J.D.)  
This article is about Spare Change
  • Reader Poll: What kind of affluent would you rather be? - Lifehacker
    Would you rather be rich with time or rich with money? I think an argument can be made that they’re the same thing (”time is money”), but if I had to choose, I’d choose “rich with time”.
    (tags: philosophy values money)
  • Polls indicate youth value materialistic items more than ever before - Diversions
    (tags: values consumerism)

 
You may also be interested to read:
  • Survey: Best Location for Links?
  • Daily Links: Compound Interest, Web Income, and Happiness
  • links for 2007-05-16
  • Word2Word: Free Online Language Tools
  • “Jumpstart Your Retirement Plan Days” Provides Free Financial Advice

5 Responses to “links for 2007-01-29”

Newer Comments »
  1. Wesley says:
    29 January 2007 at 7:11 am

    It really amazes me just how materialistic some of the Lifehacker comments seem to be. While I understand that not having enough money for food, shelter, clothing, transportation (ie. the basics) would be depressing, it’s tough for me to understand the retirees that have plenty of time and have more than covered the basics for the remainder of their lives, but yearn for more money. I guess I’d have to know what they really intend to do with the money once they have it.

    Travel is a big draw to many, but if that’s unattainable, perhaps a library card would suffice for entertainment.

    Perhaps I’m too young to truly understand the need for material things beyond the basics needed to live. It just seems so much easier to concentrate on reducing any debt acquired for education, then work on transportation and shelter. Once you get that taken care of, relax…buy a hammock and enjoy it. Do you really need that Lexus? What am I missing?

  2. brad says:
    29 January 2007 at 7:53 am

    Wesley, my values are similar to yours, but there’s little point in judging others based on our beliefs and priorities. Some people want expensive possessions like big houses and luxury cars–and not always just because they’re status symbols. It’s really a personal difference. We can pontificate about how other people “should” or “shouldn’t” live, but it’s not going to change anything. Some people are materialistic, it’s just the way it is.

  3. Iain says:
    29 January 2007 at 8:19 am

    I’m not sure Wesley was trying to tell others how they should live, so much as point out that some very intelligent people seem to be totally unaware of the fact that they are being unconsciously seduced into parting with their hard earned cash.

    It is a truism that there people out there who are willing to deceive in order to get rich. That’s why we have advertising & marketing.

    If it wasn’t possible for advertisers to trap people into erroneously associating intense/pleasant feelings to their products & therefore get them to feel favourably about them (& therefore possibly more likely to buy them) then they wouldn’t pay millions of pounds/dollars doing so.

    Also; Why do so many people buy bottled water? why do so many people drink coffee at starbucks? Why are so many people investing in property? Why are people moving in droves to the brand new show homes?

    Sure some of them have made definate conscious & rational desicions based on their circumstances…but the fact remains the same….no matter how rational & free-thinking we like to think we are, due to the way the subconscious mind works we can not always be conscious of what part the effects of advertising & peer pressure have played in our decision making process.

  4. DC Portland says:
    29 January 2007 at 9:00 am

    This is a big issue. I agree with Brad that it is a person’s choice (up to a point) to purchase “unnecessary” luxury items. Even so, I think those who do really need to ask themselves why. Today’s marketing machine is very effective at convincing us that we “need” the items they sell. They play on our insecurities and our desire for status.

    Happiness scholars define three types of happiness; pleasure, engagement, and meaning. Research strongly shows that happiness associated with engagement and meaning is stronger and lasts longer. Yet, so many endlessly seek pleasure through high levels of spending on things and empty experiences. If we, as a society, could transition the bulk of our discretionary spending into the engagement (family, friends, romance) and meaning (giving)categories, we would all be so much happier.

  5. Wesley says:
    29 January 2007 at 12:57 pm

    This is why I truly enjoy this site…the articles are great, and the comments are thorough and well thought out. It’s always a lively discussion balancing both sides of a topic. Not only do you get the quantitative topics and book reviews, you get the qualitative, philosophical discussions as well…good stuff, and thanks for the replies/discussion. Definitely something I will ponder.

Newer Comments »

Leave a Reply

Click here to cancel reply.

Subscribe without commenting

Subscribe to comments on this post via RSS feed.
« Counterpoint: Debt-Free Living Has Its Drawbacks | Main | Book Review: The Consumer Trap »

Email/Newsletter Sign Up


Find the best rates on CD, Money Market and Savings Accounts


Account Type:
  • Certificates of Deposit
  • Savings and Money Market Accounts
Deposit Amount:
  • <$10,000
  • $10,000-$19,999
  • $20,000-$39,999
  • $40,000-$99,999
  • $100,000+
Term:
  • Up to a year
  • >1 year

Share your opinion: Take a quick poll

Essential Money Skills
  • How to get out of debt
  • The best online high-yield savings accounts
  • Current CD rates at online banks
  • How to start a Roth IRA (and where to do it)
  • How to choose a credit card
  • Using spreadsheets to learn about money
  • 25 of the best books about money
  • The balanced money formula
  • 9 methods for mastering your money in 2009
Best of Get Rich Slowly
  • The GRS garden project
  • Healthy food on an unhealthy budget
  • How I cut my television bill in half
  • How to build confidence and destroy fear
  • A simple way to get more out of life
  • The perfect is the enemy of the good
  • How to beat the procrastination habit
  • Luck is no accident
  • The psychology of happiness
  • The road to wealth is paved with goals
Recent Articles
  • The Land of the Free
  • Ask the Readers: Save More or See the World?
  • When Money DOES Buy Happiness
  • How Long You’ll Be Investing
  • Good-Bye, Microsoft Money! 16 Powerful Personal Finance Programs
  • The Best of Get Rich Slowly: June 2009
  • Why Pursue Financial Freedom?
Categories
  • Administration
  • Asides
  • Ask the Readers
  • Basics
  • Books
  • Budgeting
  • Career
  • Cars
  • Choices
  • Clothing
  • Consumerism
  • Credit Cards
  • Debt
  • DIY
  • Economics
  • Education
  • Entrepreneurship
  • Food
  • Frugality
  • Funny Money
  • Giving
  • Gurus
  • Health & Fitness
  • Hints and Tips
  • House and Home
  • Insurance
  • Interviews
  • Investing
  • Kids
  • Marketing
  • Money Hacks
  • News
  • Odds and Ends
  • Planning
  • Real-Life
  • Relationships
  • Retirement
  • Self-Improvement
  • Shopping
  • Spare Change
  • Taxes
  • The Best of Get Rich Slowly
  • Tools
  • Travel
Archives
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
Popular Discussions
Don't Panic
How to help struggling relatives
Entrepreneurship
Employee vs. independent contractor status
The Skinny Debt Dieters
Decluttering your finances
How to Retire
What percent of your paycheck goes to your 401K?
Smart Banking
Investing in index funds
Paying It Off
$20K in credit card debt - suggestions?

Copyright © 1999-2009 by GetRichSlowly.org All Rights Reserved Privacy PolicyUPDATED

Disclaimer:All information provided on this site is for informational purposes only. GetRichSlowly.org makes no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors or omissions in this information or any damages arising from its display or use.