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Honeycombe8

(37,648 posts)

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

Sat Jan 19, 2013, 08:43 AM

Jan 2013

though. I read some books and handled my own investing, but I suffered for it. No time. Still, I figured I could handle my own money as well as a financial advisor. At least I cared a lot about it.

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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