Comments on: Are You Struggling With Financial Decisions? http://moneysmartlife.com/are-you-struggling-with-financial-decisions2/ Money Tips for a Better Life Fri, 10 Feb 2012 18:59:59 +0000 hourly 1 http://wordpress.org/?v=3.3 By: linklings, rush hour 11 edition | brip blap http://moneysmartlife.com/are-you-struggling-with-financial-decisions2/comment-page-1/#comment-194506 linklings, rush hour 11 edition | brip blap Tue, 01 Mar 2011 11:51:07 +0000 http://moneysmartlife.com/?p=1124#comment-194506 [...] Are You Struggling With Financial Decisions?: I do, and I hate it – I lack clarity in my decision-making process far too often. [...] [...] Are You Struggling With Financial Decisions?: I do, and I hate it – I lack clarity in my decision-making process far too often. [...]

]]> By: Andy @ Retire at 40 http://moneysmartlife.com/are-you-struggling-with-financial-decisions2/comment-page-1/#comment-120584 Andy @ Retire at 40 Sat, 15 Nov 2008 11:44:12 +0000 http://moneysmartlife.com/?p=1124#comment-120584 Over the years, I have found that I usually thought about my financial decisions a fair bit over lengths of time, but just 5 mins here and there so I didn't notice it taking up too much time. Recently, I have been investing more time into my decisions since I believe that it is very important to figure out what is best for you and your money. Over the years, I have found that I usually thought about my financial decisions a fair bit over lengths of time, but just 5 mins here and there so I didn’t notice it taking up too much time.

Recently, I have been investing more time into my decisions since I believe that it is very important to figure out what is best for you and your money.

]]> By: Contests, Freebies, Net Worth and More! http://moneysmartlife.com/are-you-struggling-with-financial-decisions2/comment-page-1/#comment-119861 Contests, Freebies, Net Worth and More! Wed, 12 Nov 2008 14:44:52 +0000 http://moneysmartlife.com/?p=1124#comment-119861 [...] Are You Struggling With Financial Decisions? Ben’s theory that we “avoid making these decisions because we’re time poor, uncertain about the fine print, and fearful of the outcome.” [...] [...] Are You Struggling With Financial Decisions? Ben’s theory that we “avoid making these decisions because we’re time poor, uncertain about the fine print, and fearful of the outcome.” [...]

]]> By: The Credit Toolbox http://moneysmartlife.com/are-you-struggling-with-financial-decisions2/comment-page-1/#comment-119350 The Credit Toolbox Mon, 10 Nov 2008 03:40:33 +0000 http://moneysmartlife.com/?p=1124#comment-119350 * What do you think about what I’ve described? - I think you are right in term of time poor however I would rather say it's bad priority management * What are some other factors that affect your ability to make a financial decision? - poor financial education - lack of trust in a financial advisor/banker/planner... the whole financial system ;-) * What are your biggest roadblocks to making money choices? - my wife ;-) I mean opinion of other member of my household * What have been your toughest money decisions? - quitting my job without having another one in mind (but I did it!) * What techniques have you used to overcome these barriers? - I read a lot about personal finance - I became myself a financial planner * How have you made time to learn the details of your financial decisions? - the key point is to take a day to make a plan, an investment strategy, a saving system and then stick to it. Once it's done, it's easy to evaluation your decision. * What do you think about what I’ve described?
- I think you are right in term of time poor however I would rather say it’s bad priority management

* What are some other factors that affect your ability to make a financial decision?
- poor financial education
- lack of trust in a financial advisor/banker/planner… the whole financial system ;-)

* What are your biggest roadblocks to making money choices?
- my wife ;-) I mean opinion of other member of my household

* What have been your toughest money decisions?
- quitting my job without having another one in mind (but I did it!)

* What techniques have you used to overcome these barriers?
- I read a lot about personal finance
- I became myself a financial planner

* How have you made time to learn the details of your financial decisions?
- the key point is to take a day to make a plan, an investment strategy, a saving system and then stick to it. Once it’s done, it’s easy to evaluation your decision.

]]> By: Weekend Linkage - November 9, 2008 http://moneysmartlife.com/are-you-struggling-with-financial-decisions2/comment-page-1/#comment-119343 Weekend Linkage - November 9, 2008 Mon, 10 Nov 2008 02:48:58 +0000 http://moneysmartlife.com/?p=1124#comment-119343 [...] Are You Struggling With Financial Decisions? @ Money Smart Life [...] [...] Are You Struggling With Financial Decisions? @ Money Smart Life [...]

]]> By: stocks http://moneysmartlife.com/are-you-struggling-with-financial-decisions2/comment-page-1/#comment-119320 stocks Sun, 09 Nov 2008 22:43:05 +0000 http://moneysmartlife.com/?p=1124#comment-119320 "What are some other factors that affect your ability to make a financial decision? " i think that fear is probably the biggest factor in making a sane decision. And you hit it right on the head, about the interest rate on growth that can be made. I've been leaning more towards 10 year bonds lately because the stability of them, even though the rate is 3.75 or 4. interest, not like the usual 10% that the markets showed previously a year. But now that my 401(k) is down 40%, a 4% gain is not that bad... “What are some other factors that affect your ability to make a financial decision? ”
i think that fear is probably the biggest factor in making a sane decision. And you hit it right on the head, about the interest rate on growth that can be made. I’ve been leaning more towards 10 year bonds lately because the stability of them, even though the rate is 3.75 or 4. interest, not like the usual 10% that the markets showed previously a year. But now that my 401(k) is down 40%, a 4% gain is not that bad…

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