Comments for Simple Debt-Free Finance

Comment on Financial Risk Management. by Ian Monteros

Ian Monteros — Thu, 02 Feb 2012 00:21:33 +0000

Hello Guys, I agree with you when using a capital as an invested. I is really not good to be playing with your savings because the risk is very great. You have a good point about using discretionary income when investing. For me I would prefer medium risk invested in order to a balance between the return of investment and the risk involved.
Ian Monteros recently posted..The Danger of Getting a “Bid” Without A Risk Assessment

Comment on Want to Build Wealth, and be Secure? Focus on Learning Instead of Earning! by Joe

Joe — Sat, 28 Jan 2012 00:31:38 +0000

I’m right there with you on being in debt Emily! I always strive to be the kind of person banks fawn over, but I hate to take them up on their offers.

Comment on Want to Build Wealth, and be Secure? Focus on Learning Instead of Earning! by Emily

Emily — Thu, 26 Jan 2012 14:07:34 +0000

That’s true, Joe. You have to be pretty darn responsible with money for a bank to lend you a million. A point I hadn’t considered; although I still don’t like being in debt just on principle.
Emily recently posted..Why Gardening Is Healthy

Comment on Want to Build Wealth, and be Secure? Focus on Learning Instead of Earning! by Joe

Joe — Thu, 26 Jan 2012 13:19:18 +0000

I am in no way promoting the idea that borrowing blindly makes you smart. I think the takeaway point here is to educate yourself about finance so that when you have to borrow money (as most people do for a mortgage..) be as educated and savvy about as you can.

Also, being able to borrow a million dollars does say something about your financial status…. actually borrowing a million when you can do with a fraction of that amount says something too – that you’re not as savvy as you might think! (IMHO)

Comment on Want to Build Wealth, and be Secure? Focus on Learning Instead of Earning! by Emily

Emily — Tue, 24 Jan 2012 20:39:35 +0000

@Terry: I have to agree. I don’t think having huge debt makes you financially smart.

But I don’t think Joe necessarily is promoting that point of view, just pointing out that we don’t do ourselves any good when we do things like blindly throw money into a 401k.
Emily recently posted..“Why” Means Nothing Without A “How”

Comment on Are reverse mortgages a Scam or a Good Deal? by Toni

Toni — Sun, 22 Jan 2012 15:52:01 +0000

Where can I find a list of government approved companies for reverse morgages

Comment on Bottom Line Secrets Magazine, a Scam? by Jeff Ingram

Jeff Ingram — Sat, 21 Jan 2012 19:51:24 +0000

My grandmother has been reading this magazine, then comes preaching to me about what she has read. I consider myself to be very open to thoughts and ideas but for the most part, this magazine seems to be based on fear.
I dont think its all bad or that it doesnt have good points but alot of articles seem to be nonsense. Prolong the use of your car by cleaning the gas system?… come on, really. Ive never heard of that in my life and Ive worked around cars alot. Not that gas systems can get dirty, but there are so many other things that seem to wear out before that. And also how bad asprin is?
I dont agree in taking medication regularly (unless perscribed) but what is that supposed to accomplish?
They seem to use scare tactics to hook their clients – focusing on the older generations… buncha dirtbags if you ask me.

Comment on Want to Build Wealth, and be Secure? Focus on Learning Instead of Earning! by Terry Pratt

Terry Pratt — Wed, 18 Jan 2012 18:34:52 +0000

I find that Kiyosaki can at times exasperate me. As I recall, one of his standards of financial IQ is being able to borrow a million dollars.

I’ve taken many financial literacy tests over the years and have always scored very high, but I’ve never earned as much as $20,000 in any year, so I resent his notion that I don’t have financial IQ.

Comment on 10 Credit Card Mistakes, on a Scale of 1 to 10. by Want to Build Wealth, and be Secure? Focus on Learning Instead of Earning!

Want to Build Wealth, and be Secure? Focus on Learning Instead of Earning! — Wed, 18 Jan 2012 17:35:37 +0000

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Comment on Financial Lessons From a Younger Me – My New car Money mistake. by Want to Build Wealth, and be Secure? Focus on Learning Instead of Earning!

Want to Build Wealth, and be Secure? Focus on Learning Instead of Earning! — Wed, 18 Jan 2012 17:35:22 +0000

[...] always thought it’s important to learn from your own mistakes, but it’s also important to learn from other people’s mistakes as [...]

Comment on HSBC is Closing its Local Branch. Should I be Concerned? by Tom Gurney

Tom Gurney — Thu, 05 Jan 2012 20:53:34 +0000

Personally, i wouldn’t be concerned at all. If you really are in an emergency situation, then i would not expect the nearest HSBC bank branch to be the far away and you can pop there if you need to. I find internet banking so much easier, it is rare to need to go to the branch at all (which is probably why they have started shutting them down!)
Tom Gurney recently posted..Current Accounts

Comment on 5 Bad Habits About Money Kids Learn From Their Parents. by Daddy Direction » Weekly Roundup: Best Links of the Week

Daddy Direction » Weekly Roundup: Best Links of the Week — Fri, 23 Dec 2011 15:58:13 +0000

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Comment on Participatory Economics and Why The Occupy Movement Was Destined To Fail From The Start. by Charlie Foxtrot

Charlie Foxtrot — Tue, 20 Dec 2011 13:07:18 +0000

I’m not sure what “empirical evidence ” you have, since politics is largely opinion… but as for voting having no impact – have you heard of the TEA Party?

That movement has been credited (or blamed if you’re a Democrat) with tossing out the status quo, career politicians to which you allude when you say “democrats are bought off just as much as the Republicans.”

It’s the TEA Party that has operated within the framework granted by the constitution and set forth by the founders to provide “we the people” with the means to affect real change.

I think that’s the Author’s point when he jokes about occupying the voting booth. If the refuse camping out at Zuccotti park and elsewhere had a proper education, they would mobilize and take their grievances to the ballot box instead of rioting in the cities. But the real problem they have is that their ideology is counter to that of America, so they cannot win at the ballot box which leaves them with rioting as their only means of expression.
Charlie Foxtrot recently posted..Democrats Bumper Sticker

Comment on 5 Bad Habits About Money Kids Learn From Their Parents. by Carnival of Homeschooling {312th Edition} | Holy Spirit-led Homeschooling | Living the Life of Faith

Tue, 20 Dec 2011 11:09:32 +0000

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Comment on Participatory Economics and Why The Occupy Movement Was Destined To Fail From The Start. by Daniel Weinstock

Daniel Weinstock — Sun, 18 Dec 2011 02:00:57 +0000

Perhaps if their education had been a bit more complete and less radical, they would focus their efforts on occupying the voting booth instead of everything else.

LOL, How can voting do any good? Didn’t Obama prove that the democrats are bought off just as much as the Republicans. Wasn’t it OBAMA who gave a couple trillion of our tax dollars to the banksters that caused the whole mess?

Voting does NO good at all, and most intelligent people can see from empirical evidence this fact. For you to suggest voting as a viable option shows your ignorance of the matter.

Comment on Are reverse mortgages a Scam or a Good Deal? by Daniel Weinstock

Daniel Weinstock — Sun, 18 Dec 2011 01:46:37 +0000

REVERSE MORTGAGES ARE A SCAM!! THEY ARE LIKE BEING TOLD YOU ARE APPROVED FOR A CREDIT CARD WITH A BIG LINE OF CREDIT. EXCEPT WHEN YO READ THE FINE PRINT, YOUR INTEREST RATE IS 29%.

IF YOU NEED MONEY, IT IS ALWAYS BETTER TO SIMPLY DO A HELOC ON YOUR HOUSE. NEVER DO A REVERSE MORTGAGE.

I SHOULD KNOW, I USED TO SELL THEM.

Comment on My Financial Tipping Point. by 5 Bad Habits About Money Kids Learn From Their Parents.

5 Bad Habits About Money Kids Learn From Their Parents. — Thu, 15 Dec 2011 17:54:07 +0000

[...] My Financial Tipping Point. [...]

Comment on Is Federal Income Tax Unconstitutional? by Do not pay income tax its unconstitutional!! - Grasscity.com Forums

Do not pay income tax its unconstitutional!! - Grasscity.com Forums — Wed, 14 Dec 2011 21:44:24 +0000

[...] Do not pay income tax its unconstitutional!! Is Federal Income Tax Unconstitutional? [...]

Comment on Stop Acting Rich! Introducing The Frugal Rich. by Totally Money Carnival #36: Football Is Back Edition | Money Beagle

Totally Money Carnival #36: Football Is Back Edition | Money Beagle — Wed, 14 Dec 2011 13:51:01 +0000

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Comment on How to Repair Your Credit, One Tradeline at a Time. by what affects your credit

what affects your credit — Wed, 14 Dec 2011 00:28:56 +0000

If you are in debt and are close to filing bankruptcy, you probably are asking yourself what are your options on how to repair credit effectively, right? You may have heard of several suggestions given by people on how to go about repairing your credit, however you can’t find any of these beneficial on your part. The best way to resolve your problem is to know more about the available solutions for this problem and how to resolve it without compromising what is left of your savings.