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In reply to the discussion: Wake Up, America! We're Paying Billions for Personal Financial Advice, and It's Making Us Poorer [View all]sendero
(28,552 posts)30. I realized my comment ..
.. would not go down well with some DUers. Reality never does.
And let me answer your question. If you can donate to DU and still have something to save each month, then by all means donate. That rule goes for any other expense, be it Starbucks, cable TV, Jack in the Box, whatever.
If not, then no, you cannot afford it and if you keep managing your money like that you never will be able to.
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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
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
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
Of course, but what do you tell people who are already doing this and STILL can't make ends meet?
HughBeaumont
Jan 2013
#7
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
So....how much is SHE earning by selling this book about personal finance?....
OldDem2012
Jan 2013
#15
If Goldman sachs can sell THEIR clients risky investments and then bet against THEM, what chance do
KurtNYC
Jan 2013
#18
If you are depending on ME, you're going out of business. I don't buy coffee. Too pricey.
Honeycombe8
Jan 2013
#38
I'm just sayin'.....if capitalism relied on me to survive, it'd fail. I live frugally....
Honeycombe8
Jan 2013
#44
I blame smart phones and the constant need to spend money on shit we don't need
cbdo2007
Jan 2013
#28
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