Comments on: Money Talk at the Barber Shop http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/ Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more. Wed, 22 May 2013 13:17:02 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: La BellaDonna http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-153349 La BellaDonna Fri, 24 Oct 2008 15:10:41 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-153349 DataBabble: You are so right about credit card companies wanting to own people. It's the 21st century chorus to Tennesee Ernie Ford's "16 Tons": I owe my soul to the company store. It's not a life, it's financial servitude. All for things that take up space, collect dust, wear out, break, get lost or stolen. DataBabble: You are so right about credit card companies wanting to own people. It’s the 21st century chorus to Tennesee Ernie Ford’s “16 Tons”: I owe my soul to the company store.

It’s not a life, it’s financial servitude. All for things that take up space, collect dust, wear out, break, get lost or stolen.

loading....

]]> By: d_Random http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-113367 d_Random Wed, 23 Jan 2008 02:41:16 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-113367 I cut my own hair, saving about $200 a year. Plus gas and time saved. Buy a pair of automatic hair clippers and learn to cut your own hair, that's my personal finance advice to you. I cut my own hair, saving about $200 a year. Plus gas and time saved. Buy a pair of automatic hair clippers and learn to cut your own hair, that’s my personal finance advice to you.

loading....

]]> By: Link Roundup: Floozy edition at Mighty Bargain Hunter http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-113038 Link Roundup: Floozy edition at Mighty Bargain Hunter Mon, 21 Jan 2008 11:24:10 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-113038 [...] Get Rich Slowly talked with his barber about money. [...]

[...] Get Rich Slowly talked with his barber about money. [...]

loading....

]]> By: Largebill http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-113001 Largebill Sun, 20 Jan 2008 23:43:43 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-113001 Wait a second! You pay someone to cut your hair??? Bill Gates wouldn't make that mistake. Say it's ten bucks a haircut and you get it cut once a month or so. That's 12 hundred bucks a decade. Wait a second! You pay someone to cut your hair??? Bill Gates wouldn’t make that mistake. Say it’s ten bucks a haircut and you get it cut once a month or so. That’s 12 hundred bucks a decade.

loading....

]]> By: CiaranFromChance http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112929 CiaranFromChance Sun, 20 Jan 2008 04:20:55 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112929 "One time, a fellow spent ten minutes preaching the virtues of a Roth IRA with the fervor of a religious zealot. The Roth IRA is the most over-looked secret in money" Sounds like me all the way, but unfortunately never had my hair cut in Oregon:) “One time, a fellow spent ten minutes preaching the virtues of a Roth IRA with the fervor of a religious zealot. The Roth IRA is the most over-looked secret in money”

Sounds like me all the way, but unfortunately never had my hair cut in Oregon:)

loading....

]]> By: PT from Prime Time Money http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112914 PT from Prime Time Money Sun, 20 Jan 2008 00:45:43 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112914 Thanks for sharing the conversation. Interesting. Where is that barber shop? I've got to start going there. :) Thanks for sharing the conversation. Interesting. Where is that barber shop? I’ve got to start going there. :)

loading....

]]> By: Weekend Roundup-No Cooling Pad Edition | The Wisdom Journal http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112912 Weekend Roundup-No Cooling Pad Edition | The Wisdom Journal Sun, 20 Jan 2008 00:11:00 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112912 [...] at Get Rich Slowly has a barber that gives out some pretty good advice. Now, if only Portland, Oregon wasn’t 2,187 miles [...]

[...] at Get Rich Slowly has a barber that gives out some pretty good advice. Now, if only Portland, Oregon wasn’t 2,187 miles [...]

loading....

]]> By: Anthony Lawrence http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112910 Anthony Lawrence Sat, 19 Jan 2008 23:08:34 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112910 And yet.. there are people who like to keep secrets. You know the kind: "There's this stock I'm watching.. I'm not going to tell you what it is but for the past month it has.." The other day I was with one of those.. someone else came along and happened to have a good tip on a low interest loan.. I could be wrong, but the guy who always says "I won't tell you" looked like he was unhappy I had heard the tip! Some people like to play their cards very close to their vest. I don't think there's anything wrong with that, though it's certainly not my style.. but I wonder how many people take it even farther and just never say anything at all.. they know something, but aren't going to breathe a word of it? And yet.. there are people who like to keep secrets. You know the kind:

“There’s this stock I’m watching.. I’m not going to tell you what it is but for the past month it has..”

The other day I was with one of those.. someone else came along and happened to have a good tip on a low interest loan.. I could be wrong, but the guy who always says “I won’t tell you” looked like he was unhappy I had heard the tip!

Some people like to play their cards very close to their vest. I don’t think there’s anything wrong with that, though it’s certainly not my style.. but I wonder how many people take it even farther and just never say anything at all.. they know something, but aren’t going to breathe a word of it?

loading....

]]> By: Frugal Dad http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112908 Frugal Dad Sat, 19 Jan 2008 22:53:53 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112908 I miss having a old-fashioned barber shop on every corner. Now days they have been replaced by walk-in clinics and high-dollar "salons." You just can't beat the conversations found in a barber shop. I miss having a old-fashioned barber shop on every corner. Now days they have been replaced by walk-in clinics and high-dollar “salons.” You just can’t beat the conversations found in a barber shop.

loading....

]]> By: Louise http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112907 Louise Sat, 19 Jan 2008 22:42:42 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112907 I enjoy discussing personal finance with my stylist because she's the owner of her shop and therefore a small business owner. She gives me a lot of insights into how she runs her business as we talk. I also like talking to my dentist (when I can talk!) for the same reason - he runs a profitable small business! I enjoy discussing personal finance with my stylist because she’s the owner of her shop and therefore a small business owner. She gives me a lot of insights into how she runs her business as we talk. I also like talking to my dentist (when I can talk!) for the same reason – he runs a profitable small business!

loading....

]]> By: Annie http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112902 Annie Sat, 19 Jan 2008 19:50:43 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112902 My grandfather's a barber and he talks about this stuff constantly, at work and at home! His interest in personal finance is what got me started in it, reading blogs like this one, setting up my Roth IRA when I was 24 & in school with no 401(k) option, going for a much better interest rate on my savings account . . . So to me, stories like this & the concept of the 'wealthy barber' are second nature! My grandfather’s a barber and he talks about this stuff constantly, at work and at home! His interest in personal finance is what got me started in it, reading blogs like this one, setting up my Roth IRA when I was 24 & in school with no 401(k) option, going for a much better interest rate on my savings account . . . So to me, stories like this & the concept of the ‘wealthy barber’ are second nature!

loading....

]]> By: Brooke (Dollar Frugal) http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112899 Brooke (Dollar Frugal) Sat, 19 Jan 2008 19:47:47 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112899 I wish the ladies at the salon would talk like this. Everytime I go, it's more about how my friends are and what I've bought recently. I haven't been to the salon for so long (been cutting my own hair), but I know when I go, it's not about personal finance...how can it be when most procedures done on women's hair costs over $20?!?! I wish the ladies at the salon would talk like this. Everytime I go, it’s more about how my friends are and what I’ve bought recently. I haven’t been to the salon for so long (been cutting my own hair), but I know when I go, it’s not about personal finance…how can it be when most procedures done on women’s hair costs over $20?!?!

loading....

]]> By: sir jorge http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112897 sir jorge Sat, 19 Jan 2008 19:33:04 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112897 I haven't gotten a haircut in over a year...i'm going for the samson look I haven’t gotten a haircut in over a year…i’m going for the samson look

loading....

]]> By: Pierre Cutler http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112896 Pierre Cutler Sat, 19 Jan 2008 19:21:31 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112896 JD, When the barber starts giving you hot stock tips, watch out and buyer beware! The "new" barber is wise beyond his years. Most Americans don't like their job... but Richard...au contraire! Pierre JD, When the barber starts giving you hot stock tips, watch out and buyer beware!

The “new” barber is wise beyond his years. Most Americans don’t like their job… but Richard…au contraire!

Pierre

loading....

]]> By: Dividends4Life http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112895 Dividends4Life Sat, 19 Jan 2008 19:16:49 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112895 It has been my experience that most barbers fall one of the two extremes: 1. Intelligent, insightful and well-spoken 2. Let's just say the opposite of #1. :) Best Wishes, D4L It has been my experience that most barbers fall one of the two extremes:

1. Intelligent, insightful and well-spoken
2. Let’s just say the opposite of #1. :)

Best Wishes,
D4L

loading....

]]> By: Darrell http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112894 Darrell Sat, 19 Jan 2008 19:15:50 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112894 "I just hope your new barber is right - we “get over it” as we get older, because we come to our senses and use credit and debt wisely." We just recently left the "let's keep the debt rolling boat" and have finally entered the "what the @%$^#& were we doing to ourselves boat". I have talked to my parents for years and it has taken me almost 39 years to realize that they were correct, you do not need credit to survive. My family has used credit as a crutch for a loooooong time lol. I honestly believe that as we get older one of two things will happen: either we get over it and decide to live more within our means while shedding debt, or we continue to hold the same old course which typically leads to a miserable life. I used to be a Training Specialist at a Credit Union.....on Christmas Eve a couple of years ago, a man came through the drive through in his nice shiny Jag. He looked the role. He wanted a credit card cash advance (it was like 5:00pm on Christmas Eve). When we pulled his account up, we had to hold the CC due to non-payment, his mortgage was in full closure (over $500k), his Jag loan was defaulted, two other loans, including a HELOC was defaulted, his checking account was empty and the savings had the $5 share certificate to hold the account open.....and he was wanting a $2k cash advance.....sad, very sad. He was in all views "living the life", but he had absolutely nothing. THAT is the person that no one wants to become. Darrell - http://angrydebtor.com “I just hope your new barber is right – we “get over it” as we get older, because we come to our senses and use credit and debt wisely.”
We just recently left the “let’s keep the debt rolling boat” and have finally entered the “what the @%$^#& were we doing to ourselves boat”. I have talked to my parents for years and it has taken me almost 39 years to realize that they were correct, you do not need credit to survive. My family has used credit as a crutch for a loooooong time lol. I honestly believe that as we get older one of two things will happen: either we get over it and decide to live more within our means while shedding debt, or we continue to hold the same old course which typically leads to a miserable life. I used to be a Training Specialist at a Credit Union…..on Christmas Eve a couple of years ago, a man came through the drive through in his nice shiny Jag. He looked the role. He wanted a credit card cash advance (it was like 5:00pm on Christmas Eve). When we pulled his account up, we had to hold the CC due to non-payment, his mortgage was in full closure (over $500k), his Jag loan was defaulted, two other loans, including a HELOC was defaulted, his checking account was empty and the savings had the $5 share certificate to hold the account open…..and he was wanting a $2k cash advance…..sad, very sad. He was in all views “living the life”, but he had absolutely nothing. THAT is the person that no one wants to become.

Darrell
-
http://angrydebtor.com

loading....

]]> By: Faculties http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112891 Faculties Sat, 19 Jan 2008 18:52:13 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112891 You should ask who his son-in-law is and what kind of books he writes. He might be a nice contact to have. Even writers who don't make much money often have agents and know editors! You should ask who his son-in-law is and what kind of books he writes. He might be a nice contact to have. Even writers who don’t make much money often have agents and know editors!

loading....

]]> By: Stephanie http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112890 Stephanie Sat, 19 Jan 2008 18:48:36 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112890 I was going to say the same thing as Kevin...it reminded me of "The Wealthy Barber". I was going to say the same thing as Kevin…it reminded me of “The Wealthy Barber”.

loading....

]]> By: Will http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112888 Will Sat, 19 Jan 2008 18:25:25 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112888 Yup. Ditto on The Wealthy Barber comment. That was the first thing that sprang to mind on this post. It was folksy, charming, caring, and honest. I'd like to know more about this conversation. Sounds like you've found a great barber shop. They are a dying breed, I fear. I'm still looking for a good one. Keep up the great writing. I subscribe via RSS and never miss a post. Yup. Ditto on The Wealthy Barber comment. That was the first thing that sprang to mind on this post. It was folksy, charming, caring, and honest. I’d like to know more about this conversation.
Sounds like you’ve found a great barber shop. They are a dying breed, I fear. I’m still looking for a good one.
Keep up the great writing. I subscribe via RSS and never miss a post.

loading....

]]> By: SMB http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112887 SMB Sat, 19 Jan 2008 18:20:06 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112887 I like Richard! I like Richard!

loading....

]]> By: DataBabble http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112886 DataBabble Sat, 19 Jan 2008 18:16:51 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112886 As others have pointed out, I don't think past generations realize how ubiquitous credit has gotten for the current generation. Young people can have everything they want, as long as they agree to make minimum monthly payments forever. Credit card companies want to own people. It's not as easy to get out of debt as many past generations would like to think. There is some personal accountability here, but some things shouldn't be peddled to young people everywhere they go. Promote credit education. As others have pointed out, I don’t think past generations realize how ubiquitous credit has gotten for the current generation. Young people can have everything they want, as long as they agree to make minimum monthly payments forever. Credit card companies want to own people.

It’s not as easy to get out of debt as many past generations would like to think. There is some personal accountability here, but some things shouldn’t be peddled to young people everywhere they go.

Promote credit education.

loading....

]]> By: KC http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112880 KC Sat, 19 Jan 2008 16:56:14 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112880 “Most people struggle with debt when they’re young,” he said. “Most people do. But you know what? You get past that. It takes hard work, and it seems like it’ll never end, but you get past that. And eventually you get to retire.” I hope he's right about that statement, but I'm not so sure. I've talked about this with my parents (in their early 60s, I'm in my mid-30s). The conversation usually centers around the availability of credit. My dad always laughs and says he never had the chance to aquire much debt cause no one would give him any. Of course, the opposite is true for me - I try to pay my bills on time and the credit card companies are beating down my door to give me more. Credit is very easily available to anyone these days and I'm afraid its increased our wants and desires. Dad always wanted a new truck but never could get the credit to buy one until he was financially stable enough to pay cash for it. I, on the other hand, could go out and get a new Mercedes today, on credit, no problem (well, no problem until the payments start rolling in). But you catch my drift. I just hope your new barber is right - we "get over it" as we get older, because we come to our senses and use credit and debt wisely. “Most people struggle with debt when they’re young,” he said. “Most people do. But you know what? You get past that. It takes hard work, and it seems like it’ll never end, but you get past that. And eventually you get to retire.”

I hope he’s right about that statement, but I’m not so sure. I’ve talked about this with my parents (in their early 60s, I’m in my mid-30s). The conversation usually centers around the availability of credit. My dad always laughs and says he never had the chance to aquire much debt cause no one would give him any. Of course, the opposite is true for me – I try to pay my bills on time and the credit card companies are beating down my door to give me more. Credit is very easily available to anyone these days and I’m afraid its increased our wants and desires.

Dad always wanted a new truck but never could get the credit to buy one until he was financially stable enough to pay cash for it. I, on the other hand, could go out and get a new Mercedes today, on credit, no problem (well, no problem until the payments start rolling in). But you catch my drift.

I just hope your new barber is right – we “get over it” as we get older, because we come to our senses and use credit and debt wisely.

loading....

]]> By: Justin Dupre http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112879 Justin Dupre Sat, 19 Jan 2008 16:53:48 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112879 Wow. Really interesting conversation you seem to be having there. I think talking to other people can be one of the best sources for our blogging topics, and that obviously shows here. Great post! Justin Dupre www.blogosis.com Wow. Really interesting conversation you seem to be having there. I think talking to other people can be one of the best sources for our blogging topics, and that obviously shows here. Great post!

Justin Dupre
http://www.blogosis.com

loading....

]]> By: Kevin Worthington http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/comment-page-1/#comment-112878 Kevin Worthington Sat, 19 Jan 2008 16:51:49 +0000 http://www.getrichslowly.org/blog/2008/01/19/money-talk-at-the-barber-shop/#comment-112878 This story made me think of "The Wealthy Barber." You should have asked Richard if he has read it... This story made me think of “The Wealthy Barber.” You should have asked Richard if he has read it…

loading....

]]>