Comments on: How to plan for disasters and personal finance — with social psychology http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sat, 21 Nov 2009 09:24:01 -0800 http://wordpress.org/?v=abc hourly 1 By: Rob Cain http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology/comment-page-1/#comment-66474 Rob Cain Thu, 17 Jul 2008 13:02:00 +0000 http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology#comment-66474 I think its a bad strategy to fear the future, or disasters or anything. Be fearless, live life to your best ability and die like a hero. Don't hang around being miserable fearing what might happen to you or your money, that is a waste of life! I think its a bad strategy to fear the future, or disasters or anything. Be fearless, live life to your best ability and die like a hero. Don’t hang around being miserable fearing what might happen to you or your money, that is a waste of life!

]]> By: Ryan McLean http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology/comment-page-1/#comment-66385 Ryan McLean Wed, 16 Jul 2008 12:06:54 +0000 http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology#comment-66385 Great post, its scary because we never know when disasters will come. However, it is a great idea to prepare for them Great post, its scary because we never know when disasters will come. However, it is a great idea to prepare for them

]]> By: Pamela http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology/comment-page-1/#comment-66278 Pamela Tue, 15 Jul 2008 04:01:18 +0000 http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology#comment-66278 Do you think this is why Dave Ramsey is so popular with people that have used his plan to get out of debt? I read The Total Money Makeover, and the whole first half is informative regarding debt, but also shows all the fearful angles of it. The second half is a very specific plan for getting out of debt (a map, if you will). Do you think this is why Dave Ramsey is so popular with people that have used his plan to get out of debt? I read The Total Money Makeover, and the whole first half is informative regarding debt, but also shows all the fearful angles of it. The second half is a very specific plan for getting out of debt (a map, if you will).

]]> By: pierre http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology/comment-page-1/#comment-66274 pierre Tue, 15 Jul 2008 02:48:03 +0000 http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology#comment-66274 Hi Ramit; Thanks. Another good point well made. A few weeks back, the biotech company I worked for had a "Disaster Preparedness" day; 2 hours of watching firemen burn things and then put them out with extinguishers, while vendors inside the building tried to sell first aid kits and flashlights, and the red cross handed out completely useless leaflets. RIght, I thought, now I am completely unprepared for a SF-area disaster, namely an earthquake, leading to a fire / tidal wave ... and I better remind myself to go elsewhere for more information. Sigh. Hi Ramit;

Thanks. Another good point well made.

A few weeks back, the biotech company I worked for had a “Disaster Preparedness” day; 2 hours of watching firemen burn things and then put them out with extinguishers, while vendors inside the building tried to sell first aid kits and flashlights, and the red cross handed out completely useless leaflets. RIght, I thought, now I am completely unprepared for a SF-area disaster, namely an earthquake, leading to a fire / tidal wave … and I better remind myself to go elsewhere for more information. Sigh.

]]> By: Odd Lot http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology/comment-page-1/#comment-66247 Odd Lot Mon, 14 Jul 2008 21:44:02 +0000 http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology#comment-66247 Hey Ramit, I love the quote "I hope this post stirs us to think about how we can better influence our friends to think about planning for their own best interests." I wish you had expanded on this point more (the emotional connections we make with people) rather than approaching this from a purely analytical standpoint. It's so much easier to influence people after we make that emotional connection. Regardless of how well thought out your plan or approach, if they don't trust you, you won't get a lot of buy-in unless they feel you're clearly an expert on the subject. I hope to see a follow-up or related articles, this was a fun read, Odd Lot http://www.Money-and-Investing.com Hey Ramit,
I love the quote “I hope this post stirs us to think about how we can better influence our friends to think about planning for their own best interests.”

I wish you had expanded on this point more (the emotional connections we make with people) rather than approaching this from a purely analytical standpoint. It’s so much easier to influence people after we make that emotional connection. Regardless of how well thought out your plan or approach, if they don’t trust you, you won’t get a lot of buy-in unless they feel you’re clearly an expert on the subject.
I hope to see a follow-up or related articles, this was a fun read,
Odd Lot
http://www.Money-and-Investing.com

]]> By: ekrabs http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology/comment-page-1/#comment-65968 ekrabs Wed, 09 Jul 2008 18:38:11 +0000 http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology#comment-65968 Yes, excellent article indeed. I know people in real life that know how to talk the talk, but for some reason, they just don't want to walk it. And to this day, they remain financially-challenged (though you probably wouldn't know it if you met and talked to them at a dinner party). Yes, excellent article indeed. I know people in real life that know how to talk the talk, but for some reason, they just don’t want to walk it. And to this day, they remain financially-challenged (though you probably wouldn’t know it if you met and talked to them at a dinner party).

]]> By: taka http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology/comment-page-1/#comment-65923 taka Tue, 08 Jul 2008 14:52:46 +0000 http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology#comment-65923 Wow - great article. I *never* understood those that were "too afraid" to look at their bills. I have known people like that, but it just made *no* sense to me. The tetanus shot experiment was interesting - which also makes sense. People get overwhelmed/scared/confused with choices, and therefore do nothing. If we give them step-by-step guidance, they'll do it - although a problem arises when different "professional" people give different opinions/guidance - which equally confuses people. My brother graduated from Stanford BTW... I graduated from "lowly" Georgia Tech.. :-) Wow – great article. I *never* understood those that were “too afraid” to look at their bills. I have known people like that, but it just made *no* sense to me. The tetanus shot experiment was interesting – which also makes sense. People get overwhelmed/scared/confused with choices, and therefore do nothing. If we give them step-by-step guidance, they’ll do it – although a problem arises when different “professional” people give different opinions/guidance – which equally confuses people. My brother graduated from Stanford BTW… I graduated from “lowly” Georgia Tech.. :-)

]]> By: madhavi http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology/comment-page-1/#comment-65917 madhavi Tue, 08 Jul 2008 12:29:44 +0000 http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology#comment-65917 As they say 'Prevention is better than Cure' , taking apt finance decisions at the first instance is the best way than to regret later. And for that we have a really good guide and i.e. MoneyLIFE, a fortnightly personal finance magazine. www.moneylife.in As they say ‘Prevention is better than Cure’ , taking apt finance decisions at the first instance is the best way than to regret later.

And for that we have a really good guide and i.e. MoneyLIFE, a fortnightly personal finance magazine.

http://www.moneylife.in

]]> By: AintNoFunIfTheHomiesCantHaveNone http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology/comment-page-1/#comment-65890 AintNoFunIfTheHomiesCantHaveNone Mon, 07 Jul 2008 23:27:07 +0000 http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology#comment-65890 Warren G? Warren G?

]]> By: Eliezer Yudkowsky http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology/comment-page-1/#comment-65889 Eliezer Yudkowsky Mon, 07 Jul 2008 23:04:15 +0000 http://www.iwillteachyoutoberich.com/blog/how-to-get-people-to-plan-for-disasters-and-personal-finance-with-social-psychology#comment-65889 Should've concluded the post with "If all your money is still in banks, then right now, go sign up with [this online trader] and invest 30% of your savings in [this particular international index fund]." Should’ve concluded the post with “If all your money is still in banks, then right now, go sign up with [this online trader] and invest 30% of your savings in [this particular international index fund].”

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