Comments on: Personal finance is not about more willpower

By: Education is not the solution to all personal-finance problems | I Will Teach You To Be Rich

Wed, 21 Oct 2009 09:32:01 +0000

[...] of my results). I’ve recently ranted on how personal finance is not about willpower, and how we love to demonize fat and poor people for not trying hard [...]

By: Good Habits from J.D. @ Get Rich Slowly « Transforming Your Life With Good Habits

Mon, 19 Oct 2009 14:36:49 +0000

[...] but as J.D. mentions and as well as various others in the personal finance blogosphere… ( I Will Teach You to Get Rich by Ramit Sethi) is that setting up an account to automatically withdraw the amount of money you [...]

By: Have a mortgage? Save $71,000 in interest payments « I Will Teach You To Be Rich

Mon, 08 Jun 2009 14:48:32 +0000

[...] don’t think “discipline” is realistic for most busy people. (Note from Ramit: See Personal finance is not about more willpower.) Sure, I’m bummed about paying $2600 for something I should be able to remember to do, but [...]

By: Stuart Fleming

Stuart Fleming — Mon, 20 Apr 2009 03:42:44 +0000

Wealth / Money Expert for Teens – sharing the ‘best of the web’ this week…

What teens need to know about money – a wealth of resources and information at your fingertips:
Personal finance is not about more willpower
The purpose of money
Are top schools worth the hype (and money)?
What does it take to get a good job nowadays?…

By: ObliviousInvestor

ObliviousInvestor — Fri, 03 Apr 2009 17:30:11 +0000

“If you think personal finance is about trying harder, ask yourself: How has that worked for you in the last month? The last year? Have you really saved more? Invested more?”

There are so many people I’d like to ask that question to. What an important message.

By: Behavior Gap Round Up, 4.3.2009

Behavior Gap Round Up, 4.3.2009 — Fri, 03 Apr 2009 17:20:42 +0000

[...] Personal finance is not about more willpower If you think personal finance is about trying harder, ask yourself: How has that worked for you in the last month? The last year? Have you really saved more? Invested more? [...]

By: Grace Suarez

Grace Suarez — Fri, 03 Apr 2009 00:00:37 +0000

Just had an interesting experience with CapitalOne. I asked for a limit increase on a fairly new card. I have a 790 FICO and make good money. They turned me down! The “full explanation” I was supposed to receive in the mail arrived today and it said “A credit limit increase on your account is not currently available upon request.” What kind of a “full explanation” is that? I’m thinking about canceling the card even though I love the easy-to-redeem miles. Anyone have an idea what’s going on? BTW, the letter says, “our associates have little power to reverse this decision” (somebody at CapOne must be reading Ramit’s book).

By: Jason

Jason — Thu, 02 Apr 2009 13:41:22 +0000

Thanks Ramit. This one quote really hit home for me:

“If you think personal finance is about trying harder, ask yourself: How has that worked for you in the last month? The last year? Have you really saved more? Invested more?”

By: Moneymonk

Moneymonk — Tue, 31 Mar 2009 18:10:00 +0000

I save/invest 30% of my income, and yes it’s automated. Forget Budgets

I work with whatever left after the 30% is gone!

By: Dave in Arizona

Dave in Arizona — Tue, 31 Mar 2009 16:41:24 +0000

Speaking from experience, I am 53, automating your savings is the least painful and most effective way for anyone to accumulate money. People can always find reasons and jusify to themselves why they will start saving next month, most of the time this does not happen. However if you just start with automatic withdrawals from your pay check or checking account you will start seeing results very quickly. In most cases when your savings begins to grow it will give you incentive to try and increase the percentage of your pay check which is being contributed to a savings or investment plan. Automate as much as possible to simplify your life. Best of luck.