Comments on: How To Stop Money From Ruling Your Life http://www.debtkid.com/how-to-stop-money-from-ruling-your-life Get Out of Debt @ DebtKid.com Mon, 22 Mar 2010 02:08:53 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Ken http://www.debtkid.com/how-to-stop-money-from-ruling-your-life/comment-page-1#comment-22103 Ken Thu, 19 Nov 2009 10:41:18 +0000 http://www.debtkid.com/?p=9355#comment-22103 My debt does confine me. I limit my choices because of it. It frustrates me. It brings strain om my marriage at times as well. I' working to get out of it as soon as possible. My debt does confine me. I limit my choices because of it. It frustrates me. It brings strain om my marriage at times as well. I’ working to get out of it as soon as possible.

]]> By: Credit Card Chaser http://www.debtkid.com/how-to-stop-money-from-ruling-your-life/comment-page-1#comment-22062 Credit Card Chaser Tue, 17 Nov 2009 00:56:41 +0000 http://www.debtkid.com/?p=9355#comment-22062 It certainly helps me to focus on giving and helping others with my money rather than just using it to consume things for myself. The more that I think of money as just a tool to accomplish goals and help others then the easier it becomes for me to take charge of money instead of money ruling me. It certainly helps me to focus on giving and helping others with my money rather than just using it to consume things for myself. The more that I think of money as just a tool to accomplish goals and help others then the easier it becomes for me to take charge of money instead of money ruling me.

]]> By: Dawn http://www.debtkid.com/how-to-stop-money-from-ruling-your-life/comment-page-1#comment-22057 Dawn Mon, 16 Nov 2009 17:54:31 +0000 http://www.debtkid.com/?p=9355#comment-22057 I think you are spot on. My debt keeps me exactly where I am - at this job, in the house I live in, in this city. Of course, that is because I have large mortgages. If I had to do it over again, I am not sure I would have made the same choice. I think you are spot on. My debt keeps me exactly where I am – at this job, in the house I live in, in this city. Of course, that is because I have large mortgages. If I had to do it over again, I am not sure I would have made the same choice.

]]> By: Sabrina Bremmer http://www.debtkid.com/how-to-stop-money-from-ruling-your-life/comment-page-1#comment-22015 Sabrina Bremmer Fri, 13 Nov 2009 01:13:42 +0000 http://www.debtkid.com/?p=9355#comment-22015 Here are some links for understanding banking: 7 Page article in The Times on Goldman Sachs http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece?token=null&offset=0&page=1 Article in Rolling Stone on Goldman Sachs http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine The great American bank robbery: http://vodpod.com/watch/2040248-how-to-rob-a-bank How banks gained control of America: http://video.google.com/videoplay?docid=-515319560256183936# How to fix bad commercial banks that take in money from depositors. Simple. People power. The Dutch brought an arrogant bank to its knees in twelve days: http://news.bbc.co.uk/2/hi/business/8323991.stm Here are some links for understanding banking:

7 Page article in The Times on Goldman Sachs
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6907681.ece?token=null&offset=0&page=1

Article in Rolling Stone on Goldman Sachs
http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine

The great American bank robbery:
http://vodpod.com/watch/2040248-how-to-rob-a-bank

How banks gained control of America:
http://video.google.com/videoplay?docid=-515319560256183936#

How to fix bad commercial banks that take in money from depositors. Simple. People power. The Dutch brought an arrogant bank to its knees in twelve days:

http://news.bbc.co.uk/2/hi/business/8323991.stm

]]> By: JFW http://www.debtkid.com/how-to-stop-money-from-ruling-your-life/comment-page-1#comment-21995 JFW Thu, 12 Nov 2009 04:38:42 +0000 http://www.debtkid.com/?p=9355#comment-21995 Being in your twenties (as I am) and being successful usually leads to leveraging your income stream to accomplish various tasks in life such as home purchases, vacations, other material goods, and basic fun. At the same time, saving for retirement and other future needs start off very slow because compound interest is not our friend yet. I have been tracking my net worth - don't laugh, I am a banker - since I was 20, and now at 26 I am finally starting to put meaningful distance between my assets and liabilities. Between compound interest, and RE appreciation, I have seen that number go from around $10M to well over $150M in a few years. Point of the story is: debt levels are relative to the amount of assets they are sitting on. As you continue to save and let time work its magic, you will find that feeling financially secure is much eaiser to obtain even while you are still pushing around a moderate amount of debt. Now, if you were 48, had high debt (based on your comfort level) and a networth less than or equal to 20% of your total assets, I would worry then! Being in your twenties (as I am) and being successful usually leads to leveraging your income stream to accomplish various tasks in life such as home purchases, vacations, other material goods, and basic fun. At the same time, saving for retirement and other future needs start off very slow because compound interest is not our friend yet. I have been tracking my net worth – don’t laugh, I am a banker – since I was 20, and now at 26 I am finally starting to put meaningful distance between my assets and liabilities. Between compound interest, and RE appreciation, I have seen that number go from around $10M to well over $150M in a few years. Point of the story is: debt levels are relative to the amount of assets they are sitting on. As you continue to save and let time work its magic, you will find that feeling financially secure is much eaiser to obtain even while you are still pushing around a moderate amount of debt. Now, if you were 48, had high debt (based on your comfort level) and a networth less than or equal to 20% of your total assets, I would worry then!

]]> By: Financial Samurai http://www.debtkid.com/how-to-stop-money-from-ruling-your-life/comment-page-1#comment-21979 Financial Samurai Tue, 10 Nov 2009 22:20:56 +0000 http://www.debtkid.com/?p=9355#comment-21979 I used to let money control me more as a younger man. Now that I'm older, it's no big deal any more because I'm more financialy secure. I think many people will feel this way the older they get. I used to let money control me more as a younger man. Now that I’m older, it’s no big deal any more because I’m more financialy secure. I think many people will feel this way the older they get.

]]> By: Shawanda http://www.debtkid.com/how-to-stop-money-from-ruling-your-life/comment-page-1#comment-21970 Shawanda Tue, 10 Nov 2009 04:23:27 +0000 http://www.debtkid.com/?p=9355#comment-21970 I hear ya. For me, financial independence is all about the freedom to do whatever the heck I want. Within reason of course. I'm not materialistic, so having the money to buy a bunch of junk isn't all that important to me. I don't know if you've ever seen the movie Office Space, but I love the main character's response to what he'd do if he had a million dollars. "Nothing. I would relax. I would sit on my ___ all day. I would do nothing." I probably wouldn't do nothing, but what's wrong with wanting the option? I hear ya. For me, financial independence is all about the freedom to do whatever the heck I want. Within reason of course. I’m not materialistic, so having the money to buy a bunch of junk isn’t all that important to me. I don’t know if you’ve ever seen the movie Office Space, but I love the main character’s response to what he’d do if he had a million dollars.

“Nothing. I would relax. I would sit on my ___ all day. I would do nothing.”

I probably wouldn’t do nothing, but what’s wrong with wanting the option?

]]>