Comments on: The Tilt AT&T Phone – What Motivates Me http://www.debtkid.com/the-tilt-att-phone-what-motivates-me Debt Kid - I'm Getting Out of Debt Sat, 21 Nov 2009 07:37:09 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Thomas http://www.debtkid.com/the-tilt-att-phone-what-motivates-me/comment-page-1#comment-18398 Thomas Mon, 16 Feb 2009 02:41:05 +0000 http://www.debtkid.com/the-tilt-att-phone-what-motivates-me#comment-18398 I live in the UK, i bought the AT&T phone on pay as you go, no contract. It's a great little thing with built in WIFI and some really great games! It's to a lot of little "tweaks" so you can mod it if you like, it's very versatile. I live in the UK, i bought the AT&T phone on pay as you go, no contract.
It's a great little thing with built in WIFI and some really great games!
It's to a lot of little "tweaks" so you can mod it if you like, it's very versatile.

]]> By: diva muffin http://www.debtkid.com/the-tilt-att-phone-what-motivates-me/comment-page-1#comment-13950 diva muffin Sun, 09 Nov 2008 20:01:08 +0000 http://www.debtkid.com/the-tilt-att-phone-what-motivates-me#comment-13950 hello..... tralalala hello…..
tralalala

]]> By: Enough Wealth http://www.debtkid.com/the-tilt-att-phone-what-motivates-me/comment-page-1#comment-3844 Enough Wealth Mon, 29 Oct 2007 13:08:18 +0000 http://www.debtkid.com/the-tilt-att-phone-what-motivates-me#comment-3844 You have hundreds of thousands in debts, a hugely negative net worth, and you're planning to buy an expensive toy the minute you start making some substantial progress towards being able to pay off your debts? I have a two year old mobile phone on a $9/month plan, and, although I like electronic gadgets, would never waste money on such a rapidly depreciating trinket. I'm really don't think this is such a great motivational plan. Regards http://enoughwealth.com ps. Perhaps the money the AT&T tile phone costs could be paid to one of the debtors affected by your bankruptcy instead? You have hundreds of thousands in debts, a hugely negative net worth, and you’re planning to buy an expensive toy the minute you start making some substantial progress towards being able to pay off your debts?

I have a two year old mobile phone on a $9/month plan, and, although I like electronic gadgets, would never waste money on such a rapidly depreciating trinket.

I’m really don’t think this is such a great motivational plan.

Regards
http://enoughwealth.com

ps. Perhaps the money the AT&T tile phone costs could be paid to one of the debtors affected by your bankruptcy instead?

]]> By: Myself http://www.debtkid.com/the-tilt-att-phone-what-motivates-me/comment-page-1#comment-3775 Myself Thu, 25 Oct 2007 06:00:03 +0000 http://www.debtkid.com/the-tilt-att-phone-what-motivates-me#comment-3775 I agree momentum is hard to continue for a while without the "carrot" to shoot for. My wife felt similar to this when we first moved in. Since we kept things outrageously tight for 2-3 years, we were able to refinance our house while taking out some money to finish our basement and pave the driveway (125 feet long and 20 feet wide), and at the same time we shortened our mortgage by about 9 years. All of those things are things we wanted to do, but didn't think we'd be able to do it in the timeframe we set (just after I turn 55 we wanted the house paid off). I agree momentum is hard to continue for a while without the “carrot” to shoot for.

My wife felt similar to this when we first moved in.
Since we kept things outrageously tight for 2-3 years, we were able to refinance our house while taking out some money to finish our basement and pave the driveway (125 feet long and 20 feet wide), and at the same time we shortened our mortgage by about 9 years.
All of those things are things we wanted to do, but didn’t think we’d be able to do it in the timeframe we set (just after I turn 55 we wanted the house paid off).

]]> By: Ian Denny http://www.debtkid.com/the-tilt-att-phone-what-motivates-me/comment-page-1#comment-3772 Ian Denny Wed, 24 Oct 2007 21:13:05 +0000 http://www.debtkid.com/the-tilt-att-phone-what-motivates-me#comment-3772 Myself, I do understand the point - when you'r in that much debt, any expenditure is money that can reduce the debt. I do think that it will become increasingly difficult to maintain the momentum for several years without any prospect of anything positive other than a reducingbank balance. I believe some more varied motivation is in order to ensure those goals are achieved and some tangible reward is in sight. By maintaining his motivation, he is far more likely to move forward and keep going with some more positive carrots dangled in front. In the scheme of things, I believe an incentive will help him reach the goal quicker than without it. And I do understand that getting out of the debt should be incentive enough. But it's a hard, long road without any prospect of a life in the meantime. Any minor reward for breaking a milestone will probably have more than paid for itself if it helps keep the momentum. He aint superhuman. And I suspect the constant grind will become unbearable without "something" to aim for beyond just a reducing balance. Myself,

I do understand the point – when you’r in that much debt, any expenditure is money that can reduce the debt.

I do think that it will become increasingly difficult to maintain the momentum for several years without any prospect of anything positive other than a reducingbank balance.

I believe some more varied motivation is in order to ensure those goals are achieved and some tangible reward is in sight.

By maintaining his motivation, he is far more likely to move forward and keep going with some more positive carrots dangled in front. In the scheme of things, I believe an incentive will help him reach the goal quicker than without it.

And I do understand that getting out of the debt should be incentive enough. But it’s a hard, long road without any prospect of a life in the meantime.

Any minor reward for breaking a milestone will probably have more than paid for itself if it helps keep the momentum.

He aint superhuman. And I suspect the constant grind will become unbearable without “something” to aim for beyond just a reducing balance.

]]> By: Myself http://www.debtkid.com/the-tilt-att-phone-what-motivates-me/comment-page-1#comment-3747 Myself Wed, 24 Oct 2007 13:12:00 +0000 http://www.debtkid.com/the-tilt-att-phone-what-motivates-me#comment-3747 Ian (and DK), I see your point. But let me ask you this. If you had over $300k in debt, and were short selling your house to avoid foreclosure, do you think it really makes sense to spend anything other than what it absolutely necessary? How about this instead. If they make the $15,000/month more, compare that to what it cost to make that much, taking out all associated costs for whatever products that they're selling including commissions, etc. Then if that number is twice as high as the phone will cost him (including the service plan to go with it), then buy the phone. After all, if all the costs are $14,925/month just to make the $15,000/month, then the fact is that he's only up $75/month, which may possibly cover the true cost of the phone itself (i.e. contract). Again, KISS should be the rule. If you have more outgo than you have inflow, you're moving backwards not forwards. Ian (and DK), I see your point.
But let me ask you this.
If you had over $300k in debt, and were short selling your house to avoid foreclosure, do you think it really makes sense to spend anything other than what it absolutely necessary?
How about this instead. If they make the $15,000/month more, compare that to what it cost to make that much, taking out all associated costs for whatever products that they’re selling including commissions, etc. Then if that number is twice as high as the phone will cost him (including the service plan to go with it), then buy the phone.
After all, if all the costs are $14,925/month just to make the $15,000/month, then the fact is that he’s only up $75/month, which may possibly cover the true cost of the phone itself (i.e. contract).
Again, KISS should be the rule. If you have more outgo than you have inflow, you’re moving backwards not forwards.

]]> By: John http://www.debtkid.com/the-tilt-att-phone-what-motivates-me/comment-page-1#comment-3744 John Wed, 24 Oct 2007 06:02:35 +0000 http://www.debtkid.com/the-tilt-att-phone-what-motivates-me#comment-3744 oh i have the previous version of that one. and honestly that's not a big wad of money, if you get the phone contract discount. i'm a cheapskate and it's not splurging to me. actually i put a memory stick in it (cost like twenty dollars) and it stores enough tunes to fill my day. i don't really like the keyboard. oh i have the previous version of that one. and honestly that’s not a big wad of money, if you get the phone contract discount. i’m a cheapskate and it’s not splurging to me. actually i put a memory stick in it (cost like twenty dollars) and it stores enough tunes to fill my day. i don’t really like the keyboard.

]]> By: Aristotelian http://www.debtkid.com/the-tilt-att-phone-what-motivates-me/comment-page-1#comment-3743 Aristotelian Wed, 24 Oct 2007 02:37:53 +0000 http://www.debtkid.com/the-tilt-att-phone-what-motivates-me#comment-3743 Sorry to be negative, but I think this is an awful idea. An expensive gadget, along with a monthly phone bill, how can this help your debt situation? I like the idea of goals and positive reinforcement, but how about something more modest, like tickets to a Mariners game or a DVD. Sorry to be negative, but I think this is an awful idea. An expensive gadget, along with a monthly phone bill, how can this help your debt situation? I like the idea of goals and positive reinforcement, but how about something more modest, like tickets to a Mariners game or a DVD.

]]> By: louise http://www.debtkid.com/the-tilt-att-phone-what-motivates-me/comment-page-1#comment-3740 louise Tue, 23 Oct 2007 20:40:59 +0000 http://www.debtkid.com/the-tilt-att-phone-what-motivates-me#comment-3740 I think having a reward is a great idea. You have made good progress but realistically there is a long way to go and setting goals and having rewards will help keep you focused. Go for it! I think having a reward is a great idea. You have made good progress but realistically there is a long way to go and setting goals and having rewards will help keep you focused. Go for it!

]]> By: ZINTRADI http://www.debtkid.com/the-tilt-att-phone-what-motivates-me/comment-page-1#comment-3738 ZINTRADI Tue, 23 Oct 2007 17:45:37 +0000 http://www.debtkid.com/the-tilt-att-phone-what-motivates-me#comment-3738 this is a fine idea with one problem... you'll have the monthly bill that goes with it unless at&t will let you have that phone with a pre-paid plan. So would that be 15k on top of what you're doing now? this is a fine idea with one problem… you’ll have the monthly bill that goes with it unless at&t will let you have that phone with a pre-paid plan.

So would that be 15k on top of what you’re doing now?

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