Every week, I get dozens of stories about people using iwillteachyoutoberich to turn their finances around…or just dominate even more than they already were.
Today, 3 short ones that I thought you’d like.
1. Alan writes:
“I thought you would enjoy this conversion I had yesterday. Couldn’t help but think of you and your best acronym, STFUDF.
While reading “A Random Walk Down Wallstreet”
Crazy Girl: “What are you reading? Oh… trying to learn about stocks?
Me: “Yeah, trying to do some research. I heard about this book from a personal finance blog.”
Crazy Girl: “That book is WAY conservative. He doesn’t want you to take any risk at all. I have some recommendations for you when you finish that.”
Me: “Really… cool… What books?”
Crazy Girl: “Oh, I’ll tell you later.”
Crazy Girl: “You know, it’s all about options, calls, and puts. That’s where the real money is.”
Me: “Really? Have you done that? Is that how you invest?”
Crazy Girl: “No, but I’m going to. Thats how you make money in the market. Tell me how you like that book.”
Me: “Okay…” (STFUDF!!!)”
What does this mysterious STFUDF mean? How do you use it against dumb people? Find out here.
“I called up my bank (UNFCU) about revisiting my current loan and consolidating my Amex (with it’s skyrocketing rates and lowered limits it’s pretty atrocious).
On a phone call a couple weeks ago, I inquired about the new location in midtown and about setting up an appointment to discuss loan options. I discussed my situation with the helpful representative and told her that I wanted to refinance my current loan or apply for a new loan and combine the two so there wouldn’t be two separate payments. She said she can do it over the phone and prepared all the paperwork for me.
They were able to get me a decent fixed rate and saved me over $500 per month in Amex payments (which doesn’t even factor in the interest). And my monthly loan payment is $100 less than it was before (and this is for a larger amount, go figure!!). Therefore, I’m actually saving about $600 a month! Wow!!! Now I can apply that to paying off the whole loan faster and funding my vacation fund.
If I had kept paying off Amex with the minimums it would have taken 33 years and cost me $44,062. Ouch! Now I can pay off this new loan in under 5 years and save over $20,000 (which might be accelerated with the additional payment). Too much math for me to think about, but it’s all good.”
Tyler F. writes:
…for people that didn’t want to invest when the market was “down”. Sucks to be them! Also makes a good argument for dollar cost averaging, especially in down markets.
I just logged into my 401k account to tally my networth and happened to notice. Glad my contributions have been maxed for the past few years!
He sends this graphic, which I love (click for full image):