Comments on: Daily Roundup: Doomsday and Piggy Banks Edition http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/ personal finance that makes cents Fri, 16 May 2008 04:09:09 +0000 http://wordpress.org/?v=2.5.1 By: bluntmoney http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106895 bluntmoney Thu, 29 Nov 2007 20:28:25 +0000 http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106895 Thanks for linking to my post! I enjoyed the other links as well, and am now thinking about my own Doomsday fund. Thanks for linking to my post! I enjoyed the other links as well, and am now thinking about my own Doomsday fund.

]]> By: Peter W http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106783 Peter W Thu, 29 Nov 2007 07:33:41 +0000 http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106783 Wow... The $20 more a month suggestions... at what point are you sacrificing your lifestyle and free-time to a point where you are losing significant time in some of the best years of your life in order to have a slightly more secure retirement? The cost-benefit of many of these suggestions does not have any sort of appeal. I can't help but think sometimes the cost-cutting and incremental income suggestions on this site border on the extreme. Then again, I'm coming from the point of view of a young professional, who saves a large portion of his income while sustaining a comfortable lifestyle. Please don't take this as a condemnation of the site, as I still enjoy a significant amount of the postings here. Wow… The $20 more a month suggestions… at what point are you sacrificing your lifestyle and free-time to a point where you are losing significant time in some of the best years of your life in order to have a slightly more secure retirement?

The cost-benefit of many of these suggestions does not have any sort of appeal. I can’t help but think sometimes the cost-cutting and incremental income suggestions on this site border on the extreme.

Then again, I’m coming from the point of view of a young professional, who saves a large portion of his income while sustaining a comfortable lifestyle. Please don’t take this as a condemnation of the site, as I still enjoy a significant amount of the postings here.

]]> By: Jesse Peterson » Blog Archive » 2008 Financial Resolution http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106687 Jesse Peterson » Blog Archive » 2008 Financial Resolution Wed, 28 Nov 2007 19:56:51 +0000 http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106687 [...] stumbled upon the blog Cash Money Life via a post at Get Rich Slowly. So here is my 2008 Financial Resolution for a Chance to Win an iPod. My [...] [...] stumbled upon the blog Cash Money Life via a post at Get Rich Slowly. So here is my 2008 Financial Resolution for a Chance to Win an iPod. My [...]

]]> By: The Digerati Life http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106674 The Digerati Life Wed, 28 Nov 2007 18:26:19 +0000 http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106674 Interesting set of links :), thanks for featuring the banks post (they're perfect as xmas gifts!). Gotta check out DR's post on the doomsday fund. Thought-provoking! Interesting set of links :), thanks for featuring the banks post (they’re perfect as xmas gifts!). Gotta check out DR’s post on the doomsday fund. Thought-provoking!

]]> By: Xias http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106666 Xias Wed, 28 Nov 2007 17:17:40 +0000 http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106666 I like the idea of a doomsday fund, or at least a doomsday plan like you outlined if your financial situation really fell apart. I think it would really help you get through a high stress financial situation without making some foolish mistakes under pressure. I like the idea of a doomsday fund, or at least a doomsday plan like you outlined if your financial situation really fell apart. I think it would really help you get through a high stress financial situation without making some foolish mistakes under pressure.

]]> By: kick_push http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106664 kick_push Wed, 28 Nov 2007 17:15:04 +0000 http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106664 i like the doomsday fund idea.. it's always good to prepare for the worst if anything were to happen such as a job loss.. i could do the following: - cancel unecessary expenses (netflix, internet, cable, etc.) i'm actually thinking about doing these things now - spend less on gas (no job means driving a lot less) - ebay / sell stuff (i have dvd's that i rarely watch anymore.. and i could always sell my hdtv and ps3 =( ouch) - sell my weekend driven car (high mileaged luxury car.. but i could probably still get about 12k for it if i sell it privately) - take contributions out of roth ira (only if completely necessary) - take a loan out from my 401k (i would dread doing this.. but if it was completely necessary.. the option is there) i like the doomsday fund idea.. it’s always good to prepare for the worst

if anything were to happen such as a job loss.. i could do the following:

- cancel unecessary expenses (netflix, internet, cable, etc.) i’m actually thinking about doing these things now

- spend less on gas (no job means driving a lot less)

- ebay / sell stuff (i have dvd’s that i rarely watch anymore.. and i could always sell my hdtv and ps3 =( ouch)

- sell my weekend driven car (high mileaged luxury car.. but i could probably still get about 12k for it if i sell it privately)

- take contributions out of roth ira (only if completely necessary)

- take a loan out from my 401k (i would dread doing this.. but if it was completely necessary.. the option is there)

]]> By: Dough Roller http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106625 Dough Roller Wed, 28 Nov 2007 12:53:42 +0000 http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106625 J.D., thanks for linking to my Doomsday Fund article. Let's hope none of us ever has to use it! J.D., thanks for linking to my Doomsday Fund article. Let’s hope none of us ever has to use it!

]]> By: Patrick http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106619 Patrick Wed, 28 Nov 2007 11:13:50 +0000 http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106619 J.D., Thanks for mentioning the giveaway at my site! There have already been a lot of great financial resolutions shared and I am looking forward to reading more. I'm sure your readers have some great financial resolutions in mind for the New Year - I know you do! ;) J.D.,

Thanks for mentioning the giveaway at my site! There have already been a lot of great financial resolutions shared and I am looking forward to reading more. I’m sure your readers have some great financial resolutions in mind for the New Year - I know you do! ;)

]]> By: Money Blue Book http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106592 Money Blue Book Wed, 28 Nov 2007 07:14:51 +0000 http://www.getrichslowly.org/blog/2007/11/27/daily-roundup-doomsday-and-piggy-banks-edition/#comment-106592 Hey I love those exploding piggy banks! What's the backlog for the Christmas stories? -Raymond Hey I love those exploding piggy banks!

What’s the backlog for the Christmas stories?
-Raymond

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