General Discussion

Odin2005

(53,521 posts)

13. Those "Feed The Pig" commercials make me cringe.

Fri Jan 18, 2013, 10:38 AM

Jan 2013

They simply assume that everyone has enough money and that the only reason we cannot make ends meet is because we don't have enough "financial discipline". It is also based on an assumption that the working class should not have any luxuries, even the little ones. It's offensive and deeply classist.

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47 replies

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Wake Up, America! We're Paying Billions for Personal Financial Advice, and It's Making Us Poorer [View all] xchrom Jan 2013 OP

Yep auto savings is key even if it is $5 a payday stultusporcos Jan 2013 #1

may I ask you a non-related question? Skittles Jan 2013 #2

I do both, no rhyme or reason would calling her the old lady be better? stultusporcos Jan 2013 #4

I've put a hell of a lot MORE than that for a lot longer and am nowhere near $1.1M. ieoeja Jan 2013 #20

Let it ride, that it is, I do nothing at all stultusporcos Jan 2013 #25

Tis true. Saving is key. Most people don't have the knowledge or time to invest... Honeycombe8 Jan 2013 #32

at least you tried and it could have also worked out better then you expected too stultusporcos Jan 2013 #42

That's the way I look at it. "I can lose my money as well as a financial advisor. And I'll do it for Honeycombe8 Jan 2013 #45

Spend less than you make..save the difference SoCalDem Jan 2013 #3

This is solid advice.. sendero Jan 2013 #5

Of course, but what do you tell people who are already doing this and STILL can't make ends meet? HughBeaumont Jan 2013 #7

Nobody is more concerned about economic justice.. sendero Jan 2013 #29

Swim, don't rail & ruminate, or you'll drown. Honeycombe8 Jan 2013 #33

Well for sure.. sendero Jan 2013 #40

And charging. One thing I did not do when I was poor.... Honeycombe8 Jan 2013 #46

At the root of my posts is this... sendero Jan 2013 #47

I guess little pleasures includes donating a few bucks to DU? Skittles Jan 2013 #24

I realized my comment .. sendero Jan 2013 #30

WTF? Skittles Jan 2013 #41

They'd be better off watching this from now-Senator Elizabeth Warren: HughBeaumont Jan 2013 #6

Yep, it' a racket, it's a worse racket than insurance, and that's bad racket. bemildred Jan 2013 #8

+1 xchrom Jan 2013 #9

I remember reading that most stock market "analysis" is no better than chance. Odin2005 Jan 2013 #14

Generally it's worse, because they believe their own bullshit, the dumb ones. bemildred Jan 2013 #16

More importantly ... 1StrongBlackMan Jan 2013 #26

Which is why you invest in no load index funds joeglow3 Jan 2013 #17

I do like funds, don't like stocks. bemildred Jan 2013 #19

The quoted portion is misleading or incomplete: it's part of what the book debunks JHB Jan 2013 #10

yes. i could see that by how the thread started out. nt xchrom Jan 2013 #11

I am taking Dave Ramsey's course right now jmondine Jan 2013 #12

Those "Feed The Pig" commercials make me cringe. Odin2005 Jan 2013 #13

I believe the phrase you're looking for is... JHB Jan 2013 #21

But it's a mistake not to save because there are poor people who can't. Honeycombe8 Jan 2013 #34

So....how much is SHE earning by selling this book about personal finance?.... OldDem2012 Jan 2013 #15

Most adults in the country are employed, though. nt Honeycombe8 Jan 2013 #35

If Goldman sachs can sell THEIR clients risky investments and then bet against THEM, what chance do KurtNYC Jan 2013 #18

Suze Orman is a good one: Initech Jan 2013 #22

But she does offer good advice. Honeycombe8 Jan 2013 #37

I highly encourage people to spend more money on Cappuccinos taught_me_patience Jan 2013 #23

If you are depending on ME, you're going out of business. I don't buy coffee. Too pricey. Honeycombe8 Jan 2013 #38

Honestly man taught_me_patience Jan 2013 #43

I'm just sayin'.....if capitalism relied on me to survive, it'd fail. I live frugally.... Honeycombe8 Jan 2013 #44

I wish one of these financial gurus ... 1StrongBlackMan Jan 2013 #27

I blame smart phones and the constant need to spend money on shit we don't need cbdo2007 Jan 2013 #28

The only financial advice you will ever need jmowreader Jan 2013 #31

One thing that sucks are employer retirement plans which force you to into a specific custodian high density Jan 2013 #36

This is so true! The fees are outrageous for 401ks. It's a racket. Still... Honeycombe8 Jan 2013 #39