Comments on: Worried About Your Money? http://4guyswhoknownothing.wordpress.com/2008/10/08/worried-about-your-money/ The wisdom of the universe from 4 guys who know nothing. Mon, 17 Aug 2009 15:42:03 +0000 http://wordpress.com/ hourly 1 By: Janna http://4guyswhoknownothing.wordpress.com/2008/10/08/worried-about-your-money/#comment-119 Janna Thu, 12 Feb 2009 21:27:00 +0000 http://4guyswhoknownothing.wordpress.com/?p=335#comment-119 Hey guys, I’m actually working with Ramit Sethi of iwillteachyoutoberich.com and he pointed me to this post. Couple of things I wanted to ask you: 1. Ramit just put out a private video on automating your finances and we wanted to send it to you as a thank-you. 2. His new book is coming out, and we are inviting folks to pre-order the book (it’s about $10) in the next few days. They will get 6 chapters by PDF before anyone else, plus entry into a private community with premium content. Can I send you some more info and the link to the video? If yes, please drop me a line as soon as possible — jms (at) jannamarlies (dot) com. Thanks!…jms Hey guys,

I’m actually working with Ramit Sethi of iwillteachyoutoberich.com and he pointed me to this post.

Couple of things I wanted to ask you:

1. Ramit just put out a private video on automating your finances and we wanted to send it to you as a thank-you.
2. His new book is coming out, and we are inviting folks to pre-order the book (it’s about $10) in the next few days. They will get 6 chapters by PDF before anyone else, plus entry into a private community with premium content. Can I send you some more info and the link to the video? If yes, please drop me a line as soon as possible — jms (at) jannamarlies (dot) com. Thanks!…jms

]]> By: Bob http://4guyswhoknownothing.wordpress.com/2008/10/08/worried-about-your-money/#comment-84 Bob Fri, 10 Oct 2008 00:59:02 +0000 http://4guyswhoknownothing.wordpress.com/?p=335#comment-84 Interesting video, Todd. Most of it is ordinary common cents (pun intended). I take Ramit Sethi's point to heart that we're better off when we spend less than we earn. Like you, we're working on spending less and saving more. I should have started saving in my early 20s when I knew it all. But I didn't. Anyway, I think his discussion of misjudging risk is understated. Consider that the DJIA (i.e. the market) is down nearly 40% year-to-date. Does one risk putting a 401 (which to greater or lesser degrees is tied directly to the market) into some "cash" account to ride out these economic times and potentially miss out on any gains should the market suddenly turn around? Or, does one misjudge the risk of leaving a 401 as it is and continue to watch its value drop? There is significant risk either way. Interesting video, Todd. Most of it is ordinary common cents (pun intended). I take Ramit Sethi’s point to heart that we’re better off when we spend less than we earn. Like you, we’re working on spending less and saving more. I should have started saving in my early 20s when I knew it all. But I didn’t. Anyway, I think his discussion of misjudging risk is understated. Consider that the DJIA (i.e. the market) is down nearly 40% year-to-date. Does one risk putting a 401 (which to greater or lesser degrees is tied directly to the market) into some “cash” account to ride out these economic times and potentially miss out on any gains should the market suddenly turn around? Or, does one misjudge the risk of leaving a 401 as it is and continue to watch its value drop? There is significant risk either way.

]]> By: Todd http://4guyswhoknownothing.wordpress.com/2008/10/08/worried-about-your-money/#comment-83 Todd Thu, 09 Oct 2008 13:25:33 +0000 http://4guyswhoknownothing.wordpress.com/?p=335#comment-83 Interesting point Joe. I think since the USA has one of the lowest personal savings rates in the world, the possibility of no one buying anything and everyone saving all their money is pretty slim. I think the main point is to save some and spend less then you make - which would hopefully go along with your comment about spending but not going into debt to do it. Interesting point Joe. I think since the USA has one of the lowest personal savings rates in the world, the possibility of no one buying anything and everyone saving all their money is pretty slim. I think the main point is to save some and spend less then you make – which would hopefully go along with your comment about spending but not going into debt to do it.

]]> By: joetaxpayer http://4guyswhoknownothing.wordpress.com/2008/10/08/worried-about-your-money/#comment-82 joetaxpayer Thu, 09 Oct 2008 04:06:16 +0000 http://4guyswhoknownothing.wordpress.com/?p=335#comment-82 "Save your money. Save as much money as you possibly can." This will only work if no one else does it. If everyone does, then we will have a depression. No one buying = a spiraling recession that turns into a depression. The solution is for people to spend, but not go into debt to do so. Joe “Save your money. Save as much money as you possibly can.”
This will only work if no one else does it. If everyone does, then we will have a depression. No one buying = a spiraling recession that turns into a depression. The solution is for people to spend, but not go into debt to do so.

Joe

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