One of them was saying how you could earn an extra $100/month with its simple method while the other one mentions that you can earn and extra $1200/year. Again, it was the exact same offering. If you were to choose one based on first glance which one would immediately attract you to it more?

Thinking about this technique that some marketers do, I would be inclined to say if you saw a person holding a yearly $1200 cheque vs the monthly $100 one odds are the yearly one would grab more attention. Regardless of the fact that it is the same amount in the end. If you are specifically trying to use figures as a way to garner attention, then sometimes holding off on a payment to accumulate it can be an effective marketing move.

Again, this is purely a marketing related scenario and not a financial management one.

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Thinking about it, if the whole notion was to make money then it would be better to just get a minimum wage job when you think about it from a time to dollar trade off. When it comes to free reward points I usually jut treat it as a nice to have option. Usually even for most online programs like these it’s not so much what you do personally that racks up the points fast, but rather they have incentives when it comes to referring people.

That is a tid bit of advice too for any of those get free prizes and money offers that you see online. If you see someone mentioning how they got so many things for free, do check out if they got it mostly from referral bonuses. That will save you time from doing say hour long surveys just to leave it dormant after and not get anything for your efforts. Unless you are willing to do what the other guy did too that is such as actively trying to refer others.

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This is not exactly a millionaire couple, but they have fully paid off everything in life such as a house and were going to live off the savings from then on. The thing is, both of them were so concerned about the lifestyle change since they just retired and life was pretty much planned financially to live at this house and all. Therefore, that seemed to be the only real thing that floating in the mind regardless of the health and well being factor. One even commented how the house was the “life savings” in many ways.

People often say that getting divorced is a double whammy in terms of finances as it is more then just splitting assets in half. The new lifestyle such as having to pay more for items as you won’t buy in volumes too are another factor. Especially at that age where you have pretty much mapped out your financial map, it will probably be a huge setback.

I have never seen a couple actually stick with it like this though simply for the financial reasons. Again, the only thing that is really holding them back it seems is the agony of having to sell a house that they worked so hard in paying off together that it is hard to let go. I suppose in the end both of them have to go back to work to a certain extent if it did go through and this comes down to a your health and well-being or money type of scenario.

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Now in the debt man’s way of life he has everything one would normally expect while using credit to buy various goodies. In the other person’s side he is more cautious where he doesn’t buy what he can’t pay off immediately and therefore saves a lot of his money and only buys when he feels when he really needs it. In fact, he is still using the home that was purchased by his parents and so technically it is not his.

Now visibly if you look at it the debt guy looks way more successful in life. He has his own house, a lot of high end electronics, etc. Whereas the other person seems like he has nothing in one of those “Still living in the parent’s basement” type of scenario. The main distinction is that his bank account is way bigger than the other person’s.

That made me think. The first was I personally don’t think you can judge financial success necessarily by what you have. Example, a large business that owns a gigantic office while swimming in thousands of dollars in debt doesn’t necessarily mean it is better than the guy who is in his little home office while still using things like a rotary phone. In those specific case it comes down to who is more profitable

Although, which direction is more sensible? Like with the debt example, the guy with the big office can continue to live the big image life with all the fixings until say the bank says “No more”. Or, you can be the debt free guy that just keeps strolling along while never really getting those bigger things that most people would relate success with.

If you think about it, there is a possibility too where with the guy who was running mostly off credit could just begin selling off all of his assets which can possibly put him in the same position as the debt free guy if he wants to get out of that cycle. The main difficulty I’d say is maintaining the lifestyle since he is more used to the lavish one and most likely wouldn’t last as a result. At the same time, you can argue that the debt free guy could always just convert to that lavish lifestyle mode too by racking up his credit. Was an interesting debate about financial direction in life I thought with no real one size fits all answer to it.

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In general, the person viewed it where staying in a basement seems too lower class. The funny thing was, the size of the basement in general is actually larger than the entire home that the person visiting originally lives in within their hometown. So of course, to him it seems really good.

Sometimes I think it is just silly to compare your belongings based on other people’s standards. Just because someone considers flying in a private jet as a norm for them doesn’t mean you need to break out the bank account to match those standards. Appreciate what you have I’d say and value it based on your own needs. That way you will also have more money left over for other things such as investing to make more.

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