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Preview: Comments on: The Seven Enemies of Financial Success

Comments on: The Seven Enemies of Financial Success

personal finance that makes cents

Last Build Date: Sat, 21 Apr 2018 19:33:07 +0000


By: Sam

Wed, 24 Feb 2010 04:33:01 +0000

Ok #24 and #45 - where do you put your gold,ect to hide it from the Nazi's. In the event of a emergency like that wouldn't banks & their safe deposit boxes be locked up? Do ya make secret cubbies in the wall? A freind of mine made a joke about putting a hole in the wall near the ceiling & depositing valuable coins in there. When you need the $ you bust open the bottom of the wall. I dunno - what if a coin gets snagged on a electrical line? But yes, the point of stockpiling gold & silver is incase you have to cross borders fleeing for your life or to be able to eat. Sue - yes, I think it's certain character but I can't pinpoint it enough to describe. Good article & interesting discussion.

By: DDFD at DivorcedDadFrugalDad

Tue, 01 Sep 2009 19:34:12 +0000

Great post-- disciplen is a ket factor to success, but is in short supply.

By: Sue

Mon, 31 Aug 2009 18:34:20 +0000

@Doggie #50 You nailed what I meant. Can poor slobs like me learn our way out of our black financial thumbs and disorganization? Is there a book or class or advisor out there who can help?

By: Sue

Mon, 31 Aug 2009 18:33:48 +0000

@Doggie #50 You nailed what I meant. Is there a personality type or character type that supports being or becoming prosperous? Can poor slobs like me learn our way out of our black financial thumbs and disorganization? Is there a book or class or advisor out there who can help?

By: Caf

Mon, 31 Aug 2009 05:26:24 +0000

Hi, this is my first post here. This is an extremely insightful article into financial mind traps that we get ourselves into. You state that the effects of inflation can be mitigated. How does one go about doing that?

By: Doggie

Mon, 31 Aug 2009 04:11:03 +0000

@ Sue #49 - wow, that's a really interesting question. I know that disorganization can be costly in practical terms -- late fees, etc. But I think you're asking something deeper: Is there a way of life, or way of thinking, that lends itself to more prosperity. I doubt there's statistical data to bear this out, but it sure seems true anecdotally, doesn't it?

By: Sue

Thu, 27 Aug 2009 21:51:26 +0000

Do you think that people who are rich, or on their way to being rich, tend to be more organized and neater than the average joe? I don't know for sure, but it seems like there may be a correlation.

By: Tim

Thu, 27 Aug 2009 19:42:00 +0000

I like the article but based on my personal experiences, I would put a far greater emphasis on saving money. When we think about it, isn't the real issue of our lives based on future income? The problem is we do not know what is ahead. A debt will be paid in future income. Do we really know what the future holds for us? Too little information exists for individual investors. We can't possibly know enough to make really intelligent decisions. This is why we end up being wiped out--we are the last to learn the truth. Look at the Blue Chip stocks today. Save your money and focus on your goals. Enter into investments very carefully. There is just too many lies and corruption that are waiting to ensnare us.

By: Kevin@OutOfYourRut

Thu, 27 Aug 2009 13:34:22 +0000

On the debt side, I think that's become a real hidden land mine in our society. People today don't have the fear or at least respect of debt and the havoc it can wreak, the way previous generations did. People are far too casual about using credit cards or taking on gargantuan mortgages, crippling car payments or outsized student loans. The real problem I think is that once you get on that treadmill you can't get off. It becomes difficult to save or to even be objective about what you do for a living. Then debt begets more debt, and you're floating hopelessly. I knew a successful business man who had no savings, but considered the unused portion of his home equity line of credit to be his "savings". When it gets to that point, there's no turning back.

By: Anonymous

Thu, 27 Aug 2009 03:38:48 +0000

Brenda, #35...keep looking up! You are obviously very intelligent and articulate, judging from your comment. I'm sure you are going to do very well!! J.D.> I'd like to add "attitude of gratitude" as an ally, but I really do sometimes think that it helps to feel just a smidgen of discontent. Like RB #41 said. We all need that fire under our arses!!! (Pl.-arsi?)