Comments on: 7 lies we tell ourselves about money

By: frudal

frudal — Fri, 14 May 2010 20:50:49 +0000

Hi, well its not impossible to have passive income, I already receive it from some of my passive investments. Also its not hard to budget, I have been doing it for the last 8 years now, and its actually very easy. Its the same thing with fat ppl and poor ppl, if you don’t plan you wont succeed and budgeting and dieting and exercising are part of the planning phase to acheive results, old money ppl know this, and so do workout gurus. Always the same advice in a different flavor. But I do appreciate you taking the time to write these articles, some advice is better than none, have a good one bye.

By: Why do delusional people think their spending will be different than other people’s? | I Will Teach You To Be Rich

Sat, 08 May 2010 16:03:53 +0000

[...] « 7 lies we tell ourselves about money [...]

By: Quick Holiday Roundup! | Finance Blog

Quick Holiday Roundup! | Finance Blog — Wed, 06 Jan 2010 11:21:29 +0000

[...] 7 Lies we tell ourselves about money @ I Will Teach You To Be Rich. [...]

By: Credit Girl

Credit Girl — Mon, 04 Jan 2010 23:50:06 +0000

totally agree w/ #1! Stick to what you know and excel at it! Many people try to juggle different things when instead they should concentrate on making themselves an expertise at one area which will be useful in the long-run. Boston banking rates

By: Johnny Mean

Johnny Mean — Mon, 04 Jan 2010 06:22:00 +0000

Solid posts Ramit! Keep it up. Attitude and all. Screw PC

Debate of the minutae persists even on your blog. Please continue to irritate and annoy as it it highly entertaining and does the job of making people think and do something about it.

You have definitely “shown me the Money!” Planning to go to the Caribbean with my fiancee’ thanks to you!

PS. Being Canadian, I want you to know that most of your approaches have application North of the border. We are taxed much higher and have higher cost of living, especially in Vancouver, so the dollars saved post tax at 47% have huge impact.

By: Monday Must-Reads : Ms. Career Girl

Monday Must-Reads : Ms. Career Girl — Mon, 04 Jan 2010 00:05:38 +0000

[...] 7 Lies we Tell Ourselves about Money by the fabulously frugal, Ramit Sethi. I can relate to several of these points, how about [...]

By: first home buyers savings account

first home buyers savings account — Sun, 03 Jan 2010 14:15:44 +0000

Thanks for sharing the tips. But I personally prefer point 6 (in stock market).

By: Budgets Aren’t Supposed to Work. You Are.

Budgets Aren’t Supposed to Work. You Are. — Sat, 02 Jan 2010 01:52:51 +0000

[...] finance blogger I greatly admire and respect, recently bashed budgets again in a post entitled 7 Lies We Tell Ourselves About Money. In lie number 3, “I’m going to start keeping a budget,” Ramit correctly [...]

By: moneyblogger1

moneyblogger1 — Fri, 01 Jan 2010 19:56:54 +0000

“Understanding is the first step to acceptance, and only with acceptance can there be recovery.” Joanne Kathleen Rowling

Love how you put this together, I work in a grocery store and every person I work with complains about money. I give them advice and they never do it, its all in the way we were brought up. What they think they are doing it right, its what they were taught was right. Until they accept it they keep on lying to them selves as Ramit elegant put it. Once again great post!

- Matt

By: Sidereal1

Sidereal1 — Thu, 31 Dec 2009 20:28:51 +0000

http://www.cdc.gov.ezproxy.welch.jhmi.edu/nchs/data/databriefs/db19.htm#married

Here’s the National Center for Health Statistics 2009 Brief on marriage statistics in the US. In short, about 80% of men and 86% of women marry by age 40. But, those numbers change a lot when you stratify by race and income level. The probability that a black woman will marry is very different from that of a white man etc. Also, lets remember that prevalence for a group of people does not equal probability for an individual. What percentage of people who say they don’t ever want to get married when they’re 30 end up getting married by 40? We don’t have that data.

My question is – why do people get so upset about this? Some people are determined to get married, others are equally determined not to and many don’t know. I do think that implying that people who do not expect to marry are the equivalent of 14-years-olds is a bit insulting. Personally, I’m very skeptical when people say “I don’t need to worry about income because my husband has a great job.” Given the statistics on divorce, this seems like a riskier assumption to make than assuming you’ll never end up paying for a wedding.

To each his own. May your weddings be joyous and not overly expensive, and may the bachelors and bachelorettes of the world enjoy their freedom for many healthy years.