Comments on: How Well Do You Follow Financial Advice? http://moneysmartlife.com/how-well-do-you-follow-financial-advice/ Money Tips for a Better Life Sat, 21 Nov 2009 13:21:41 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: J.C. Carvill http://moneysmartlife.com/how-well-do-you-follow-financial-advice/comment-page-1/#comment-29400 J.C. Carvill Thu, 15 Nov 2007 02:51:55 +0000 http://moneysmartlife.com/how-well-do-you-follow-financial-advice/#comment-29400 Nice article, I like your 3 lines financial advice.. Start investing but don’t pay down debt, Start an emergency fund but don’t buy insurance, Working to increase income but not to reduce taxes.. The equation in the advice may be common, but actually getting them in pair like investment rate & card interest, is good to help explaining financial direction.. J.C. Carvill Email: support@cosmosing.com URL: http://www.cosmosing.com/jeanclaudecarvill/index.php Nice article, I like your 3 lines financial advice..

Start investing but don’t pay down debt, Start an emergency fund but don’t buy insurance, Working to increase income but not to reduce taxes..

The equation in the advice may be common, but actually getting them in pair like investment rate & card interest, is good to help explaining financial direction..

J.C. Carvill
Email: support@cosmosing.com
URL: http://www.cosmosing.com/jeanclaudecarvill/index.php

]]> By: Colin http://moneysmartlife.com/how-well-do-you-follow-financial-advice/comment-page-1/#comment-23672 Colin Sun, 28 Oct 2007 08:17:38 +0000 http://moneysmartlife.com/how-well-do-you-follow-financial-advice/#comment-23672 Very nice blog, chalk me up as a new regular reader. I run an Australian finance blog over at http://www.pineapplewatch.com, feel free to have a look over and perhaps comment :) Regards, Colin Very nice blog, chalk me up as a new regular reader.

I run an Australian finance blog over at http://www.pineapplewatch.com, feel free to have a look over and perhaps comment :)

Regards,
Colin

]]> By: Money Socket http://moneysmartlife.com/how-well-do-you-follow-financial-advice/comment-page-1/#comment-23613 Money Socket Sun, 28 Oct 2007 03:43:58 +0000 http://moneysmartlife.com/how-well-do-you-follow-financial-advice/#comment-23613 I like this post, this is an important issue to address. My parents are in the boat where they invest but don't pay down debt. I don't know why but they have more than enough to pay off their credit cards but did not do so for a while until I found out. Their excuse was that they wanted cash on hand. I made them pay them off :) I think a major problem nowadays with everyone trying to make an extra buck quickly, is that people focus on making more income, but not reducing expenses. As a matter of fact it's quite the opposite. When income increases, lifestyle inflation takes over and all of a sudden expenses increase. If you ask 10 people how to get rich, chances are they will say make more money, no one considers saving more money as a means to personal finance success. I like this post, this is an important issue to address. My parents are in the boat where they invest but don’t pay down debt. I don’t know why but they have more than enough to pay off their credit cards but did not do so for a while until I found out. Their excuse was that they wanted cash on hand. I made them pay them off :)

I think a major problem nowadays with everyone trying to make an extra buck quickly, is that people focus on making more income, but not reducing expenses. As a matter of fact it’s quite the opposite. When income increases, lifestyle inflation takes over and all of a sudden expenses increase. If you ask 10 people how to get rich, chances are they will say make more money, no one considers saving more money as a means to personal finance success.

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