I completely relate – I banned myself from facebook because I start too many things and then my phone blows up for the rest of the day. I stick to twitter now. A lot easier to piss people off.
He actually suggests a $1000.00 emergency fund while paying off debt and then after you’re done with the debt you save 3-6 months. But you were headed in the right direction and so I will still award you an up-vote.
You’re not exempt from bad things happening to you regardless of whether you’re $1,000.00 in debt, $$30,000.00 in debt like myself, or $100,000.00 in debt. If anything the need for an emergency fund is even greater for this girl.
Tell me how many people do you think will pay down that $1,000.00 before the statement period is up. Then you’ve got interest on top of that, a drunken night in a bar after that, another emergency comes up, all of a sudden the hole is deeper.
Cut the cards up, close the account, and save $1000.00 for emergencies. It will not hurt you, life will go on and you will survive without a credit card. I have been doing so for 3 months and I am perfectly fine. I’ve got my $1000.00 emergency fund (Did I mention I was diagnosed with stage II lymphoma during all of this too?), and killing my debt and I don’t feel like I’m missing out because I have $1000.00 sitting in a money market earning 1%. I am still crushing my debt, and getting treated for cancer all at once. The world will continue to spin without a credit card.
Oh sure, have an emergency and go right back into debt. Verses setting aside $1000.00 for the exact same emergency situation and not go further into debt.
The idea of an emergency fund isn’t to make money. The idea of an emergency fund is to not get back into debt. When you’re broke you get desperate, and when you’re desperate you do stupid things.
I get that personal finance is exactly that: Personal. Watching how she goes about this, though, causes my heart to hurt a little bit more with each article.
I hear you. There’s an hour left in the work day and I’ve spent most of my time here at work studying for a licensing exam so that I can quit this job and make actual money.
Same thing happens when you get married, dude. You gotta flash that wedding band to make sure the ladies know you’re spoken for. Otherwise they’ll jump all over you.
I would actually recommend you hold off on 401k contributions. Kill the debt. Going full throttle and missing a few years of 401k savings will save you down the line. You’re best tool in accumulating wealth is your income. Kill the debt (and it’s monthly payments) and THEN concentrate on retirement. I work in finance and part of that includes financial counseling. Please, please, please throw the full weight of your income against the debt and THEN work on retirement.
Yeah this article is riddled with feelings and emotions of a casual fan, and so I don’t even find them worth addressing on a point-by-point basis. I did however feel compelled to login and tell you how wrong you are.
What was it that Harvey Dent said? “You either die a hero or you live long enough to see yourself become the villain.” Guess that applies to television shows too. This season was not the greatest, but I am no less in love with GoT than I was when the series started. Shows, no matter how amazing they are, ultimately get to the point that the fans begin to turn against the show as it begins to wrap up. We set in our minds what we think should be the ending and we pitch a fit when it doesn’t live up to our unrealistic expectations.
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Brilliant. I’m going to remember that one…
In the two years I’ve worked for my company I have yet to purchase printer paper for the printer at home…or notepads…or stickynotes…or pens…
If this trip doesn’t end in disaster for Girl, I will quit. As god as my witness, I will QUIT.
I completely relate – I banned myself from facebook because I start too many things and then my phone blows up for the rest of the day. I stick to twitter now. A lot easier to piss people off.
My guilty pleasure is a double-quarter pounder with cheese, lettuce, mayo, and bacon.
I shame-eat it in my car all the time. No regrets.
Welcome to the Cult of Millionaires, Brian. Been listening to Dave for years.
Live like no one else so later you can live like no one else.
*Sigh*
Todd, you disappoint me.
Dave was actually a couple million in debt when he developed these principles, so I say “Good day, sir.”
Oh, and his networth is about $55 million nowadays and he didn’t use debt to build it. Just fyi
He actually suggests a $1000.00 emergency fund while paying off debt and then after you’re done with the debt you save 3-6 months. But you were headed in the right direction and so I will still award you an up-vote.
You’re not exempt from bad things happening to you regardless of whether you’re $1,000.00 in debt, $$30,000.00 in debt like myself, or $100,000.00 in debt. If anything the need for an emergency fund is even greater for this girl.
Tell me how many people do you think will pay down that $1,000.00 before the statement period is up. Then you’ve got interest on top of that, a drunken night in a bar after that, another emergency comes up, all of a sudden the hole is deeper.
Cut the cards up, close the account, and save $1000.00 for emergencies. It will not hurt you, life will go on and you will survive without a credit card. I have been doing so for 3 months and I am perfectly fine. I’ve got my $1000.00 emergency fund (Did I mention I was diagnosed with stage II lymphoma during all of this too?), and killing my debt and I don’t feel like I’m missing out because I have $1000.00 sitting in a money market earning 1%. I am still crushing my debt, and getting treated for cancer all at once. The world will continue to spin without a credit card.
Yeah I got mine right away
Oh sure, have an emergency and go right back into debt. Verses setting aside $1000.00 for the exact same emergency situation and not go further into debt.
The idea of an emergency fund isn’t to make money. The idea of an emergency fund is to not get back into debt. When you’re broke you get desperate, and when you’re desperate you do stupid things.
I get that personal finance is exactly that: Personal. Watching how she goes about this, though, causes my heart to hurt a little bit more with each article.
I hear you. There’s an hour left in the work day and I’ve spent most of my time here at work studying for a licensing exam so that I can quit this job and make actual money.
Personally I don’t like having the television in the bedroom. It’s gotta be 1) Cold, 2) Dark, and 3) Quiet. Otherwise I’ll be up for hours.
Couldn’t agree more. I’m in your corner.
Same thing happens when you get married, dude. You gotta flash that wedding band to make sure the ladies know you’re spoken for. Otherwise they’ll jump all over you.
I would actually recommend you hold off on 401k contributions. Kill the debt. Going full throttle and missing a few years of 401k savings will save you down the line. You’re best tool in accumulating wealth is your income. Kill the debt (and it’s monthly payments) and THEN concentrate on retirement. I work in finance and part of that includes financial counseling. Please, please, please throw the full weight of your income against the debt and THEN work on retirement.
Yeah this article is riddled with feelings and emotions of a casual fan, and so I don’t even find them worth addressing on a point-by-point basis. I did however feel compelled to login and tell you how wrong you are.
What was it that Harvey Dent said? “You either die a hero or you live long enough to see yourself become the villain.” Guess that applies to television shows too. This season was not the greatest, but I am no less in love with GoT than I was when the series started. Shows, no matter how amazing they are, ultimately get to the point that the fans begin to turn against the show as it begins to wrap up. We set in our minds what we think should be the ending and we pitch a fit when it doesn’t live up to our unrealistic expectations.
Sincerely,
Disappointed