Financial Planning: C or D

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According to Money (Microsoft's fancy financial software thingy), I should have a fair share of money stowed away in my Savings Account by March of next year. (Fair share = enough that I don't have to feel destitute &, most importantly, Grade A DUMB for blowing most of my $$$ on that music shite.)

(It's tough to talk to your boss about the Inevitable End of your company when you've been working for 3+ years with no car expenses and have fuckall to show for it.)

So, please, tell me you're horrible at saving money for a rainy day, so I may feel better about myself & my financial situation.

David Raposa, Sunday, 9 December 2001 01:00 (13 years ago) Permalink

And please, if you are a person with no saving skillz, know that I have collegiate-related debts up to my nips. Swimming in loan paperwork. Salty.

David Raposa, Sunday, 9 December 2001 01:00 (13 years ago) Permalink

well we live beyond our means but ill die one day and the trips to van and the cds and the books and the fun i had i will remmeber even unto the after life.

anthony, Sunday, 9 December 2001 01:00 (13 years ago) Permalink

Hi Anthony, :) You are talking to a good one now! I'm always broke especially this time of year :( I love it though. I love my holidays! I love to see people happy, and make as many happy as I possibly can. As My Grandma told my Mom many years ago & I quote" Eff Maid, you'll never be a pin above a begger" That describes both my mother & Me& we like it fine!God sees that we have everthing we need.

Gale Deslongchamps, Monday, 10 December 2001 01:00 (13 years ago) Permalink

10 years pass...

So having a baby and being 32 and all and having just kind of drifted along financially thus far in my life (not in debt but not much savings either), I figure it's time to take this shit a little more seriously.

1) Can anyone recommend good personal financial advice/planning books? I'd like something I can read together with H, and I would say that on the whole I am relatively financially literate and she is less so.

2) Has anyone ever actually gone to a financial planner? I feel like on one hand it's something that I should be able to do myself and I probably don't have enough money or complexity to justify it, but on the other hand I feel like maybe I need to have someone sit me down and say "You should be spending no more than this much on rent, and saving this much for retirement."

Scott, bass player for Tenth Avenue North (Hurting 2), Friday, 11 May 2012 14:33 (2 years ago) Permalink

Well, never got a response, but we did wind up buying two books: The Ten Commandments of Money and Smart Couples Finish Rich.

The latter I'm sort of embarrassed to have even bought, and as its title and cover suggest, it's very seminar-y and annoying, and there's a lot of fluff about filling out charts of your values as a couple. There are maybe two chapters worth of actual useful financial tips, the best of which is that you'll save a lot of money if you take out a 15 year instead of a 30 year mortgage, and on average couples who do it retire like 8 years earlier. I sort of knew that but didn't realize how big a difference it made.

Ten Commandments of Money is much, much better.

this guy's a gangsta? his real name's mittens. (Hurting 2), Tuesday, 22 May 2012 02:04 (2 years ago) Permalink

I read The Four Pillars of Investing and I will summarize the four pillars for you
1. Get
2. An
3. Index
4. Fund

Word of Wisdom Robots (Abbbottt), Tuesday, 22 May 2012 03:30 (2 years ago) Permalink

I used to read personal finance blogs all the time and they eventually coalesced into a blur of sameyness but I learned a lot from them. My favorite one was this:
http://www.getrichslowly.org/blog/

He makes saving seem pretty easy and doable; esp bcz his personal story involved pulling himself out from being deeply ensconced in debt (from comic books, god bless him! <3). It ranges from entry level to intimidating (for me) parts of finance. A nice and helpful blog.

Word of Wisdom Robots (Abbbottt), Tuesday, 22 May 2012 03:34 (2 years ago) Permalink

Yeah, I'm familiar with the philosophy behind index funds -- basically, you, ordinary person, are never going to beat wall street slicksters over the long term, so the best you can do is use the lowest cost means of investing in a broad swath of the market. Seems about right.

I think if I actually had any real money to invest I'd consider buying a rental property right now, like a studio or one br.

this guy's a gangsta? his real name's mittens. (Hurting 2), Wednesday, 23 May 2012 13:44 (2 years ago) Permalink


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