Comments on: Feeling Poor: Here Are The Two Largest Reasons Why http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/ Saving, Earning, and Investing Money Sat, 21 Nov 2009 00:22:17 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Anonymous http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/comment-page-1/#comment-147746 Anonymous Wed, 09 Sep 2009 14:11:36 +0000 http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/#comment-147746 Poor people usually feel of loss. I am one of them. I found there are many poor people, or people who feel they are poor(or afraid of losing something I don't know). Think about poor always lead us to wrong direction. Poor people usually feel of loss. I am one of them. I found there are many poor people, or people who feel they are poor(or afraid of losing something I don’t know). Think about poor always lead us to wrong direction.

]]> By: Curious Cat Investment Blog http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/comment-page-1/#comment-79448 Curious Cat Investment Blog Thu, 27 Mar 2008 22:49:45 +0000 http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/#comment-79448 If you are reading this you are almost certainly rich. You may not feel that way if you think those you see on TV, or in magazines... are the norm. Don't believe me? Take a look to my previous post on <a href="http://curiouscatlinks.blogspot.com/2008/01/too-much-stuff.html" rel="nofollow">buying too much stuff and relative wealth worldwide</a>. I really like <a href="http://www.kiva.org/lender/johnhunter" rel="nofollow">Kiva</a>, which provides loans to entrepreneurs worldwide. It not only helps make the world a better place but helps the rich realize they have a distorted view of reality if they think they are not. If you are reading this you are almost certainly rich. You may not feel that way if you think those you see on TV, or in magazines… are the norm. Don’t believe me? Take a look to my previous post on buying too much stuff and relative wealth worldwide. I really like Kiva, which provides loans to entrepreneurs worldwide. It not only helps make the world a better place but helps the rich realize they have a distorted view of reality if they think they are not.

]]> By: Early Retirement Extreme http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/comment-page-1/#comment-78897 Early Retirement Extreme Sun, 23 Mar 2008 15:37:18 +0000 http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/#comment-78897 This country is HUGE on methods and poor on fundamentals. To stop being poor people need to give up on their consumerism, yet what they are being offered are "simple easy" methods they can buy that give them hope. Then they fail ... it is really hard to explain this concept though as it can't be sold in shrink-wrapped packaging. This country is HUGE on methods and poor on fundamentals. To stop being poor people need to give up on their consumerism, yet what they are being offered are “simple easy” methods they can buy that give them hope. Then they fail … it is really hard to explain this concept though as it can’t be sold in shrink-wrapped packaging.

]]> By: Anthony Imperioli http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/comment-page-1/#comment-78769 Anthony Imperioli Sat, 22 Mar 2008 22:19:14 +0000 http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/#comment-78769 You mentioned a spreadsheet being better than most software. I agree. Blaming it on a software is just a case of excusitis. You mentioned a spreadsheet being better than most software. I agree. Blaming it on a software is just a case of excusitis.

]]> By: MossySF http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/comment-page-1/#comment-78699 MossySF Sat, 22 Mar 2008 13:18:36 +0000 http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/#comment-78699 The Worlds of Warcraft analogy is interesting. After all, the basis of that game is very much the same as personal finance concepts -- you find an area with monsters you can kill for gold, magical items, experience and you spend 14 hours a day pounding on them to earn a profit. Same thing with real life -- you find a job that pays decent and you spend 8-10 hours a day pounding on a keyboard/jackhammer/etc. But I guess it's the "variety" and easy to track progress that makes WoW so much more addictive. Every dollar you earn in the real world looks the same and you're never sure when you're ready for the next promotion. The Worlds of Warcraft analogy is interesting. After all, the basis of that game is very much the same as personal finance concepts — you find an area with monsters you can kill for gold, magical items, experience and you spend 14 hours a day pounding on them to earn a profit. Same thing with real life — you find a job that pays decent and you spend 8-10 hours a day pounding on a keyboard/jackhammer/etc. But I guess it’s the “variety” and easy to track progress that makes WoW so much more addictive. Every dollar you earn in the real world looks the same and you’re never sure when you’re ready for the next promotion.

]]> By: Joseph Sangl http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/comment-page-1/#comment-78648 Joseph Sangl Sat, 22 Mar 2008 01:29:57 +0000 http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/#comment-78648 A written spending plan that I prepare BEFORE each month begins was the ticket to financial freedom for my family. It is really simple. Spend less than you make and save money for a rainy day. Have some fun along the way. I'm glad it is not difficult to win with money! A written spending plan that I prepare BEFORE each month begins was the ticket to financial freedom for my family. It is really simple. Spend less than you make and save money for a rainy day. Have some fun along the way.

I’m glad it is not difficult to win with money!

]]> By: Personal Loan Portfolio http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/comment-page-1/#comment-78647 Personal Loan Portfolio Sat, 22 Mar 2008 01:27:16 +0000 http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/#comment-78647 I have not been very happy with the personal finance software that is available. There are lots of issues that require the manual classifying expenses in my experience. However, I must agree with you that making the the best damn software in the whole world won't help the majority of people. The best features only tend to make things more complex, but often that complexity discourages adoption. I regularly have to evaluate software for my company and often we do not select the software with the best features -- we select the one that reaches the optimal point of functionality versus support costs versus usability. I think that most people attempt to make a similar choice when selecting personal software. I have not been very happy with the personal finance software that is available. There are lots of issues that require the manual classifying expenses in my experience. However, I must agree with you that making the the best damn software in the whole world won’t help the majority of people.

The best features only tend to make things more complex, but often that complexity discourages adoption. I regularly have to evaluate software for my company and often we do not select the software with the best features — we select the one that reaches the optimal point of functionality versus support costs versus usability. I think that most people attempt to make a similar choice when selecting personal software.

]]> By: Investing & Passive Income http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/comment-page-1/#comment-78627 Investing & Passive Income Fri, 21 Mar 2008 20:54:32 +0000 http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/#comment-78627 sounds like you're advocating people take responsibility for their actions/situation. what a unusual concept! I always thought that if you didn't measure up to your standards, you just redefined them! ;-P sounds like you’re advocating people take responsibility for their actions/situation.
what a unusual concept! I always thought that if you didn’t measure up to your standards, you just redefined them! ;-P

]]> By: Mrs. Micah http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/comment-page-1/#comment-78587 Mrs. Micah Fri, 21 Mar 2008 16:25:06 +0000 http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/#comment-78587 That would be kind of crazy, but it just might work. :P That would be kind of crazy, but it just might work. :P

]]> By: Laura Zurowski http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/comment-page-1/#comment-78584 Laura Zurowski Fri, 21 Mar 2008 15:18:19 +0000 http://www.lazymanandmoney.com/feeling-poor-here-are-the-two-largest-reasons-why/#comment-78584 I totally agree - having a specialized budget balancing / money saving software package isn't goin to do a bit of good if a person isn't committed to making the necessary changes in their life ("No daily Starbucks?" "Cut back on my $100/month cable tv?" "But I need new clothes for work!") One of the best strategies I used (back in the dark ages of 1994 when I was on a very tight budget) was to allocate cash into various categories every month. This allowed me to ensure that the bills/loans got paid and that there was a little bit extra for fun. No credit cards were allowed. That experience taught me quite a bit and while my finances and employment situation have improved quite a bit since then, I still carry those lessons with me. I totally agree – having a specialized budget balancing / money saving software package isn’t goin to do a bit of good if a person isn’t committed to making the necessary changes in their life (”No daily Starbucks?” “Cut back on my $100/month cable tv?” “But I need new clothes for work!”) One of the best strategies I used (back in the dark ages of 1994 when I was on a very tight budget) was to allocate cash into various categories every month. This allowed me to ensure that the bills/loans got paid and that there was a little bit extra for fun. No credit cards were allowed. That experience taught me quite a bit and while my finances and employment situation have improved quite a bit since then, I still carry those lessons with me.

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