Comments on: Daily Links: 200 Comments Edition http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/ 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. Thu, 09 Feb 2012 23:01:14 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Jordan http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151453 Jordan Sun, 12 Oct 2008 21:17:40 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151453 Don't remember where I heard it: Tithing is your rent for occupying space in society... That is a great way of thinking. I pay myself first 20% then put the next 10% to a separate account w/checkbook and I have to empty said account every month. The check book is if I have a balance and someone says...I'm running a marathon and need donations or whatever comes up I can cut them a check. Don’t remember where I heard it: Tithing is your rent for occupying space in society…

That is a great way of thinking.

I pay myself first 20% then put the next 10% to a separate account w/checkbook and I have to empty said account every month.

The check book is if I have a balance and someone says…I’m running a marathon and need donations or whatever comes up I can cut them a check.

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]]> By: Steph http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151439 Steph Sun, 12 Oct 2008 18:33:08 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151439 Thanks for the link to Elizabeth Warren's lecture. I think the information she presented is very timely with regards to our country's current economic situation, though it looks like she gave the lecture about 18 months ago. In the first 15 minutes or so she summarizes, using inflation adjusted dollars, which expenses have gone up for families (cost of housing, cars, health insurance, child care), which have gone down (clothing, food, cost PER car, household appliances), and why it's important (everything that has gone up are things we can't do without and can't adjust in the short-term to changing circumstances). It gives a valuable perspective on why people aren't saving instead of just lamenting the fact of it. It helps us know why people are so in trouble with their mortgages, even if you factor out greedy, unscruplous lenders and greedy, imprudent buyers. I highly recommend the video to anyone interested in a greater understanding of the personal economic changes that have shaped the last generation. Thanks for the link to Elizabeth Warren’s lecture. I think the information she presented is very timely with regards to our country’s current economic situation, though it looks like she gave the lecture about 18 months ago. In the first 15 minutes or so she summarizes, using inflation adjusted dollars, which expenses have gone up for families (cost of housing, cars, health insurance, child care), which have gone down (clothing, food, cost PER car, household appliances), and why it’s important (everything that has gone up are things we can’t do without and can’t adjust in the short-term to changing circumstances). It gives a valuable perspective on why people aren’t saving instead of just lamenting the fact of it. It helps us know why people are so in trouble with their mortgages, even if you factor out greedy, unscruplous lenders and greedy, imprudent buyers. I highly recommend the video to anyone interested in a greater understanding of the personal economic changes that have shaped the last generation.

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]]> By: Mr.Nate http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151403 Mr.Nate Sun, 12 Oct 2008 05:36:30 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151403 I have to agree with b-bo. ...and I don't think b-bo was suggesting that GRS is a waste of time, just that it seems to have less bite since the author's switch. I find that the range of topics is interesting enough, but the ideas haven't seemed as well developed lately. But then again, how much depth can we expect from a single author publishing this frequently? At any rate, I always watch the topics and keep coming back regularly. I have to agree with b-bo.
…and I don’t think b-bo was suggesting that GRS is a waste of time, just that it seems to have less bite since the author’s switch. I find that the range of topics is interesting enough, but the ideas haven’t seemed as well developed lately. But then again, how much depth can we expect from a single author publishing this frequently?

At any rate, I always watch the topics and keep coming back regularly.

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]]> By: Shaun Connell http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151397 Shaun Connell Sun, 12 Oct 2008 04:24:07 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151397 Personally, I find the idea of the collapse of the middle class to be a bit silly and fear-mongering. Income mobility is at an all time high, and people view "The Rich" in a manner that will almost certainly lead to higher taxes in the future. We're about to see a near collapse in numbers for the rich, and an almost eradication of the poor. Personally, I find the idea of the collapse of the middle class to be a bit silly and fear-mongering. Income mobility is at an all time high, and people view “The Rich” in a manner that will almost certainly lead to higher taxes in the future.

We’re about to see a near collapse in numbers for the rich, and an almost eradication of the poor.

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]]> By: InstaMotivation http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151377 InstaMotivation Sat, 11 Oct 2008 21:15:29 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151377 I enjoy reading Mark Cuban's blog too. Here's a great entry where he sort of gives a history of his work life and how he started out. http://blogmaverick.com/2007/12/24/success-and-motivation/ I enjoy reading Mark Cuban’s blog too. Here’s a great entry where he sort of gives a history of his work life and how he started out.

http://blogmaverick.com/2007/12/24/success-and-motivation/

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]]> By: Robyn http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151360 Robyn Sat, 11 Oct 2008 16:05:12 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151360 I have to say I get something out of this blog almost everytime I read it. Everyday stuff or "meaty" things apply to this huge contingent of readers you have. I'm always amazed at the wealth of knowledge you share and the time you put into researching topics. Thanks for being willing to educate those of us who can use it! I have to say I get something out of this blog almost everytime I read it. Everyday stuff or “meaty” things apply to this huge contingent of readers you have. I’m always amazed at the wealth of knowledge you share and the time you put into researching topics. Thanks for being willing to educate those of us who can use it!

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]]> By: lilblueyes http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151350 lilblueyes Sat, 11 Oct 2008 12:11:51 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151350 I too loved the talk with Elizabeth Warren! I've been saying that to my dad (a retired carpenter) for years, when he tells me (an accountant/bookkeeper) how "rich" I am with the amount of money I make. Housing costs are horrendous these days. I was a single mom for a while, and found out in my early 30's that I had a bachelor's degree, but barely qualified to rent a 2 bedroom apartment on my own. My dad has always said that in the 1960's, rental apartments never even considered the wife's income towards qualifying to pay the rent, because "she could get pregnant" and have to stop working. Elizabeth Warren put the existing data into real charts & graphs that show exactly why we feel squeezed so many times. It was definitely worth the nearly HOUR of time it took to watch. Thanks JD, I love your blog and all the little snippets you post. So maybe (like b-bo) I don't get as much out of EVERY post, but you have such a great variety of material, it keeps me coming back :) I too loved the talk with Elizabeth Warren! I’ve been saying that to my dad (a retired carpenter) for years, when he tells me (an accountant/bookkeeper) how “rich” I am with the amount of money I make. Housing costs are horrendous these days. I was a single mom for a while, and found out in my early 30′s that I had a bachelor’s degree, but barely qualified to rent a 2 bedroom apartment on my own. My dad has always said that in the 1960′s, rental apartments never even considered the wife’s income towards qualifying to pay the rent, because “she could get pregnant” and have to stop working.

Elizabeth Warren put the existing data into real charts & graphs that show exactly why we feel squeezed so many times.

It was definitely worth the nearly HOUR of time it took to watch.

Thanks JD, I love your blog and all the little snippets you post. So maybe (like b-bo) I don’t get as much out of EVERY post, but you have such a great variety of material, it keeps me coming back :)

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]]> By: Lily http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151349 Lily Sat, 11 Oct 2008 11:51:30 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151349 I thought the article about $20 in nachos or so was lame :D ...I was like "JD, is that you?!" but otherwise I always find the blog interesting and not so redundant as b-bo says. A. Dawn is right. I like the philosophy behind GRS, which shapes all the rest. It's about being financially safe, prioritizing and overall enjoying life in a smart way. I thought the article about $20 in nachos or so was lame :D …I was like “JD, is that you?!” but otherwise I always find the blog interesting and not so redundant as b-bo says.

A. Dawn is right. I like the philosophy behind GRS, which shapes all the rest. It’s about being financially safe, prioritizing and overall enjoying life in a smart way.

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]]> By: Jess http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151332 Jess Sat, 11 Oct 2008 05:25:26 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151332 JD, I really loved the talk with Elizabeth. She's also in the documentary Maxed Out. The speech is filled with PowerPoint presentations with graphs. It's a very natural speech filled with the umms and ahh. Basically compares the middle class of the 1970s with 2006ish, what we spend more and less on and how we're less well off from then. JD, I really loved the talk with Elizabeth. She’s also in the documentary Maxed Out. The speech is filled with PowerPoint presentations with graphs. It’s a very natural speech filled with the umms and ahh. Basically compares the middle class of the 1970s with 2006ish, what we spend more and less on and how we’re less well off from then.

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]]> By: Pieter http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151325 Pieter Sat, 11 Oct 2008 02:12:03 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151325 I understand advocating a buy and hold approach with stocks. However, that's EXACTLY what has screwed me over in the stock market EVERY time. I can pick winners. I've picked some REAL winners that gave me 20, 30, even 60% returns in very short (like a couple weeks to a month) time periods. Nine out of 10 stocks I've invested in have given me a minimum of 20% return every time I've put money in. However, I have resulted in either losing money or merely breaking even on EVERY one of those same stocks when I cashed out. Had I stayed in, I would have lost even more money on the majority of them. Why? Because I pick a good stock, then get gambler's fever when I get a return and keep fantasizing about how much bigger of a return I can potentially get. Then I hold on until the stock drops like a rock. Then I kick myself. Buy and sell after 15-20% return is the policy I should keep. I would have a good, steady gain if I did that. I understand advocating a buy and hold approach with stocks. However, that’s EXACTLY what has screwed me over in the stock market EVERY time.

I can pick winners. I’ve picked some REAL winners that gave me 20, 30, even 60% returns in very short (like a couple weeks to a month) time periods. Nine out of 10 stocks I’ve invested in have given me a minimum of 20% return every time I’ve put money in. However, I have resulted in either losing money or merely breaking even on EVERY one of those same stocks when I cashed out. Had I stayed in, I would have lost even more money on the majority of them.

Why? Because I pick a good stock, then get gambler’s fever when I get a return and keep fantasizing about how much bigger of a return I can potentially get. Then I hold on until the stock drops like a rock. Then I kick myself.

Buy and sell after 15-20% return is the policy I should keep. I would have a good, steady gain if I did that.

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]]> By: A. Dawn http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151321 A. Dawn Sat, 11 Oct 2008 01:06:44 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151321 There are so many get rich type of books and blogs these days that I am totally tired of it. It's like everything is about becoming a millionaire. How to make millions, how to become a millionaire, how to become a millionaire on the weekend, what's inside a millionaire's mind, etc, etc. The reason I like GRS because it does not teach the secrets to becoming a millionaire overnight. Cheers, A Dawn www.adawnjournal.com There are so many get rich type of books and blogs these days that I am totally tired of it. It’s like everything is about becoming a millionaire. How to make millions, how to become a millionaire, how to become a millionaire on the weekend, what’s inside a millionaire’s mind, etc, etc. The reason I like GRS because it does not teach the secrets to becoming a millionaire overnight.
Cheers,
A Dawn
http://www.adawnjournal.com

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]]> By: ABCs of Investing http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151312 ABCs of Investing Sat, 11 Oct 2008 00:26:33 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151312 I think that people tend to comment more on issues where they have more knowledge or personal experience as Tyler said. A good informational posts will tend to not have many comments because there may not be anything more to say... I think that people tend to comment more on issues where they have more knowledge or personal experience as Tyler said.

A good informational posts will tend to not have many comments because there may not be anything more to say…

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]]> By: J.D. http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151309 J.D. Sat, 11 Oct 2008 00:01:13 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151309 No offense taken, b-bo! I always appreciate feedback like this. I strive to find a balance of all sorts of posts (personal anecdotes, how-to, frugality, investing, etc.), but I'm well aware that sometimes the balance is way out of whack. (I haven't had much on investing lately, for example.) Also, certain people prefer certain types of posts. But it's often hard for me to tell if I'm posting too much personal stuff, or too many book reviews, etc. It's feedback from readers that helps keep me on task! No offense taken, b-bo! I always appreciate feedback like this. I strive to find a balance of all sorts of posts (personal anecdotes, how-to, frugality, investing, etc.), but I’m well aware that sometimes the balance is way out of whack. (I haven’t had much on investing lately, for example.) Also, certain people prefer certain types of posts. But it’s often hard for me to tell if I’m posting too much personal stuff, or too many book reviews, etc. It’s feedback from readers that helps keep me on task!

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]]> By: Tyler Karaszewski http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151307 Tyler Karaszewski Fri, 10 Oct 2008 23:59:42 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151307 People like to contribute, but only when they have something to say. Pretty much everyone can answer the question "How much money is in your wallet?" so you'll get a lot of comments. Unfortunately, it doesn't really do anyone any good to hear a lot of answers to the same question that they could have answered themselves. If you talk about how to choose 401k assets, you'll get fewer comments, because fewer people will have a lot to add to the conversation. At the same time, because less people knew a lot about this subject, you will have taught people more by posting it. I mean, despite lots of people knowing how much money they stash at home, that information isn't going to be useful or helpful to me in the slightest. The 401k info might be. People like to contribute, but only when they have something to say. Pretty much everyone can answer the question “How much money is in your wallet?” so you’ll get a lot of comments. Unfortunately, it doesn’t really do anyone any good to hear a lot of answers to the same question that they could have answered themselves.

If you talk about how to choose 401k assets, you’ll get fewer comments, because fewer people will have a lot to add to the conversation. At the same time, because less people knew a lot about this subject, you will have taught people more by posting it.

I mean, despite lots of people knowing how much money they stash at home, that information isn’t going to be useful or helpful to me in the slightest. The 401k info might be.

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]]> By: b-bo http://www.getrichslowly.org/blog/2008/10/10/daily-links-200-comments-edition/comment-page-1/#comment-151306 b-bo Fri, 10 Oct 2008 23:53:07 +0000 http://www.getrichslowly.org/blog/?p=2107#comment-151306 it was in interesting topic about money management philosophy... No offense, but it seems to me since you went "full time" the "meat" in your blog has gone down...a lot of fluffy redundant posts for the most part. a lot seem like things someone would post on their personal blog as an aside about one of their goals. "yikes i spent 20 bucks on nachos at movie...not good use of money" throw in generic guest posts from here or tither and I'm almost ready to remove grs feed from my rss reader... it was in interesting topic about money management philosophy… No offense, but it seems to me since you went “full time” the “meat” in your blog has gone down…a lot of fluffy redundant posts for the most part. a lot seem like things someone would post on their personal blog as an aside about one of their goals. “yikes i spent 20 bucks on nachos at movie…not good use of money” throw in generic guest posts from here or tither and I’m almost ready to remove grs feed from my rss reader…

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