Comments on: Book Review: Time is Money http://www.getrichslowly.org/blog/2007/03/27/book-review-time-is-money/ personal finance that makes cents Sun, 20 Jul 2008 23:04:15 +0000 http://wordpress.org/?v=2.5.1 By: Rogers Place http://www.getrichslowly.org/blog/2007/03/27/book-review-time-is-money/#comment-82367 Rogers Place Wed, 28 Mar 2007 05:03:52 +0000 http://www.getrichslowly.org/blog/2007/03/27/book-review-time-is-money/#comment-82367 This is very good information. good writing in your post here. If we could only get them to follow a simple saving plan. Even just $20.00 a week and they would have a nice egg in 40 or so years. Seems like they all want the pile of cash now. As we get older many of us see this, if I could have done without that $20.00 dinner every week, I'd have x amount of dollars. $20 dollars a week times 40 or so years is way more money than waiting until your 50 to start. This is very good information. good writing in your post here. If we could only get them to follow a simple saving plan. Even just $20.00 a week and they would have a nice egg in 40 or so years. Seems like they all want the pile of cash now. As we get older many of us see this, if I could have done without that $20.00 dinner every week, I’d have x amount of dollars. $20 dollars a week times 40 or so years is way more money than waiting until your 50 to start.

]]> By: anonymous.. http://www.getrichslowly.org/blog/2007/03/27/book-review-time-is-money/#comment-82327 anonymous.. Tue, 27 Mar 2007 16:19:06 +0000 http://www.getrichslowly.org/blog/2007/03/27/book-review-time-is-money/#comment-82327 i'm 29 and have been in the corporate world for 7 years now, but my only regret is not starting my ROTH IRA earlier (started last year).. this could cost me dearly in the long run when it comes to compound interest i have been able to save a good amount in my 401k though for the past six years.. my income isn't high.. but i looked at my past paystubs.. and i have been able to save 17.5% of my income since 2003.. if i keep this habit up.. i should be okay =) i’m 29 and have been in the corporate world for 7 years now, but my only regret is not starting my ROTH IRA earlier (started last year).. this could cost me dearly in the long run when it comes to compound interest

i have been able to save a good amount in my 401k though for the past six years.. my income isn’t high.. but i looked at my past paystubs.. and i have been able to save 17.5% of my income since 2003.. if i keep this habit up.. i should be okay =)

]]> By: limeade http://www.getrichslowly.org/blog/2007/03/27/book-review-time-is-money/#comment-82318 limeade Tue, 27 Mar 2007 13:41:07 +0000 http://www.getrichslowly.org/blog/2007/03/27/book-review-time-is-money/#comment-82318 Start now not later is always great advice. There are many differing opinions about the right way to invest or what accounts to have and the like, but you shouldn't hold off on doing something just because you're not sure what the best path is. As you start to do something, you'll begin to learn how to do it better. As a side note, I'm not a huge fan of index funds. I don't necessarily think they're bad; I just enjoy looking for myself what I'm going to invest in. Also, pertaining to protecting your money from inflation, I base my savings on a percentage of my income. This way if my income goes up (due to a raise or something) so do my savings. If my income goes down (knock on wood), so does my amount of savings, but I'm not so frustrated that I can't afford some dollar amount. Percentages also make things automatic. Nice Post. -limeade http://fiscalmusings.blogspot.com Start now not later is always great advice. There are many differing opinions about the right way to invest or what accounts to have and the like, but you shouldn’t hold off on doing something just because you’re not sure what the best path is. As you start to do something, you’ll begin to learn how to do it better.

As a side note, I’m not a huge fan of index funds. I don’t necessarily think they’re bad; I just enjoy looking for myself what I’m going to invest in.

Also, pertaining to protecting your money from inflation, I base my savings on a percentage of my income. This way if my income goes up (due to a raise or something) so do my savings. If my income goes down (knock on wood), so does my amount of savings, but I’m not so frustrated that I can’t afford some dollar amount. Percentages also make things automatic.

Nice Post.

-limeade
http://fiscalmusings.blogspot.com

]]> By: Sam http://www.getrichslowly.org/blog/2007/03/27/book-review-time-is-money/#comment-82317 Sam Tue, 27 Mar 2007 13:29:29 +0000 http://www.getrichslowly.org/blog/2007/03/27/book-review-time-is-money/#comment-82317 One of the best things I did shortly after graduating from college was to take a 6 or 8 week adult education class on personal finance. Yes, I got all the way through childhood, high school and college without ever learning much about the nuts and bolts of personal finance (except that my parents were very responsible with their money and spending habits so I'm sure I picked up some of their good habits). The personal finance class cost about $40 or $50 and I learned all about figuring out my net worth, basics of investing (including the lovely and wonderful secret of compounding interest), budgeting, etc. One of the best things I did shortly after graduating from college was to take a 6 or 8 week adult education class on personal finance. Yes, I got all the way through childhood, high school and college without ever learning much about the nuts and bolts of personal finance (except that my parents were very responsible with their money and spending habits so I’m sure I picked up some of their good habits). The personal finance class cost about $40 or $50 and I learned all about figuring out my net worth, basics of investing (including the lovely and wonderful secret of compounding interest), budgeting, etc.

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