Comments on: Survey responses — what jumps out at you? http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you/ 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. Mon, 22 Mar 2010 00:03:30 -0700 http://wordpress.org/?v=abc hourly 1 By: Susan http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you/comment-page-1/#comment-31963 Susan Sat, 08 Sep 2007 12:31:00 +0000 http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you#comment-31963 TT - I never negotiate my salary as I work for the federal government and am paid on the government pay scale. These are not negotiable. There are many reasons people are not able to negotiate their salaries, as others have mentioned above. TT – I never negotiate my salary as I work for the federal government and am paid on the government pay scale. These are not negotiable. There are many reasons people are not able to negotiate their salaries, as others have mentioned above.

]]> By: styleosophy http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you/comment-page-1/#comment-31681 styleosophy Thu, 06 Sep 2007 22:22:32 +0000 http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you#comment-31681 molly: taken from your perspective, you have given question #26 a different meaning to me...thank you. And I like your blog! molly: taken from your perspective, you have given question #26 a different meaning to me…thank you. And I like your blog!

]]> By: I Will Teach You To Be Rich » 13 stunning differences in how men and women think about money http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you/comment-page-1/#comment-31655 I Will Teach You To Be Rich » 13 stunning differences in how men and women think about money Thu, 06 Sep 2007 18:59:05 +0000 http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you#comment-31655 [...] to the 35+ comments on the last post, Rob from BankSwitcher (”Switching banks is hard…we make it [...] [...] to the 35+ comments on the last post, Rob from BankSwitcher (”Switching banks is hard…we make it [...]

]]> By: Molly http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you/comment-page-1/#comment-31646 Molly Thu, 06 Sep 2007 18:17:42 +0000 http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you#comment-31646 styleosophy: I thought the question about if we thought women were expected to purchase make-up, purses, clothes, etc. was a good one to ask. I don't think Ramit asked because he was suggesting that women have to do these things. The reality is that a lot of women feel that they need to do those things in order to be successful in business. When there are already salary disparities between men and women, more out-of-pocket expenses for women widens the gap even further. It also means that those women have less money to invest because it is being spent on make-up, purses, clothes, etc. If those things are actually somewhat necessary for many woman to be successful in business, it impacts their ability to truly be empowered with their own personal finances. As a female entrepreneur, I have found that engaging in those "trappings" of femininity (ie: make-up, dresses, purses, heels, etc), has made a difference in how successful I am able to be with my business. It impacts how seriously I'm taken by other business people (both men and women). It may have more to do with the confidence I have when I know I look "the part" of a successful business owner, but regardless of WHY it makes a difference, it definitely makes one. One of the distinct advantages of being a business owner, however, is that I get to take some of those "trappings" as write-offs. At the other end of the spectrum is my partner (life-partner, not business-partner), who is a butch lesbian. She doesn't wear make-up, dresses or carry a purse, and she's very successful in her field. If she presented in more traditionally feminine ways, she would probably look like she was in some bizarre kind of drag show. I don't think that being female necessarily requires one to look traditionally "feminine" in order to be successful in business, but I do think that this is a consideration for many women. I think that I am more of the "norm" than my partner is with regards to the question Ramit had on the survey regarding this issue, and I think it was a very relevant one to ask on a survey about gender and money. styleosophy: I thought the question about if we thought women were expected to purchase make-up, purses, clothes, etc. was a good one to ask. I don’t think Ramit asked because he was suggesting that women have to do these things. The reality is that a lot of women feel that they need to do those things in order to be successful in business. When there are already salary disparities between men and women, more out-of-pocket expenses for women widens the gap even further. It also means that those women have less money to invest because it is being spent on make-up, purses, clothes, etc. If those things are actually somewhat necessary for many woman to be successful in business, it impacts their ability to truly be empowered with their own personal finances.

As a female entrepreneur, I have found that engaging in those “trappings” of femininity (ie: make-up, dresses, purses, heels, etc), has made a difference in how successful I am able to be with my business. It impacts how seriously I’m taken by other business people (both men and women). It may have more to do with the confidence I have when I know I look “the part” of a successful business owner, but regardless of WHY it makes a difference, it definitely makes one. One of the distinct advantages of being a business owner, however, is that I get to take some of those “trappings” as write-offs.

At the other end of the spectrum is my partner (life-partner, not business-partner), who is a butch lesbian. She doesn’t wear make-up, dresses or carry a purse, and she’s very successful in her field. If she presented in more traditionally feminine ways, she would probably look like she was in some bizarre kind of drag show. I don’t think that being female necessarily requires one to look traditionally “feminine” in order to be successful in business, but I do think that this is a consideration for many women. I think that I am more of the “norm” than my partner is with regards to the question Ramit had on the survey regarding this issue, and I think it was a very relevant one to ask on a survey about gender and money.

]]> By: Sarah http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you/comment-page-1/#comment-31621 Sarah Thu, 06 Sep 2007 13:31:44 +0000 http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you#comment-31621 Just wanted to comment that I took the survey and answered the household income question as if it only applied to myself ($46,000) since I don't really pool my income with my housemates, although we do share some expenses. If I had counted the income of all of my housemates, we would have a household income of almost $300,000, to give you an idea of what a huge difference it would make if I had answered the question the other way. And if you want to know why I have five housemates and a decent salary... well, it's an expensive city, and I'm saving a lot of money this way :-) Just wanted to comment that I took the survey and answered the household income question as if it only applied to myself ($46,000) since I don’t really pool my income with my housemates, although we do share some expenses. If I had counted the income of all of my housemates, we would have a household income of almost $300,000, to give you an idea of what a huge difference it would make if I had answered the question the other way.

And if you want to know why I have five housemates and a decent salary… well, it’s an expensive city, and I’m saving a lot of money this way :-)

]]> By: Andrea http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you/comment-page-1/#comment-31555 Andrea Wed, 05 Sep 2007 22:12:24 +0000 http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you#comment-31555 Keep up the great work! I love your blog. I'm also a stay at home mom so I do not draw a traditional salary so that can skew that portion of the survey as well. Plus- maybe several stay at home moms filled out the survey as they have more time than others- or more students filled out the survey due to having more time. Just pointing out other factors in play... Keep up the great work! I love your blog.

I’m also a stay at home mom so I do not draw a traditional salary so that can skew that portion of the survey as well. Plus- maybe several stay at home moms filled out the survey as they have more time than others- or more students filled out the survey due to having more time. Just pointing out other factors in play…

]]> By: styleosophy http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you/comment-page-1/#comment-31553 styleosophy Wed, 05 Sep 2007 21:56:36 +0000 http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you#comment-31553 I took the survey and was galled by question #26, "do you women are expected to buy clothes, makeup, etc."? I didn't understand how this was relevant by way that your asked both males and females to participate in the survey. Who was that question for? And why didn't you ask one specifically geared towards men-example: do we expect men to buy NFL licensed merchandise now that it's football season? Do we expect men to drop everything at the site of a tech store? My point is, what does such a stereotypical question help to answer in regards to women and finance? Beyond that, what jumped at me was that you had more men answer the survey than women. Can't wait to see the results. I took the survey and was galled by question #26, “do you women are expected to buy clothes, makeup, etc.”? I didn’t understand how this was relevant by way that your asked both males and females to participate in the survey. Who was that question for? And why didn’t you ask one specifically geared towards men-example: do we expect men to buy NFL licensed merchandise now that it’s football season? Do we expect men to drop everything at the site of a tech store? My point is, what does such a stereotypical question help to answer in regards to women and finance?

Beyond that, what jumped at me was that you had more men answer the survey than women. Can’t wait to see the results.

]]> By: Don Luis http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you/comment-page-1/#comment-31534 Don Luis Wed, 05 Sep 2007 17:52:36 +0000 http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you#comment-31534 This is really super cool stuff. Congrats on this achievement. First thing I'd do is add the Medians to all the demographics. Simply gives you a more tangible number for each parameter to work with, especially when you want to compare your numbers against other research. A few comments: > Q14 (slide 20): wow, Robert Kyosaki couldn't agree more with this slide, if it weren't for his "rich dad" that wasn't actually his biological dad. No wonder, wealth, in general just grows gradually throughout generations. We seem to be copying what our parents did (or avoid what they did wrong) > Q16 (slide 22): amazing to see that even for a rather young audience retirement seems to be the #1 priority. Yeah, nobody really wants to work through their 67th birthday Some more analytical questions: - what is the correlation between "have no debt" (slide 7) and the answers from slide 9 (problems budgeting)? - what are the socio-demos of the group answering "family" on slide 11? - Do the answer for slide 19 (interesting topics) change significantly with demographics (e.g. HHI, debt, age, education) Thanks and keep up the great Blog work! This is really super cool stuff. Congrats on this achievement.

First thing I’d do is add the Medians to all the demographics. Simply gives you a more tangible number for each parameter to work with, especially when you want to compare your numbers against other research.

A few comments:
> Q14 (slide 20): wow, Robert Kyosaki couldn’t agree more with this slide, if it weren’t for his “rich dad” that wasn’t actually his biological dad. No wonder, wealth, in general just grows gradually throughout generations. We seem to be copying what our parents did (or avoid what they did wrong)
> Q16 (slide 22): amazing to see that even for a rather young audience retirement seems to be the #1 priority. Yeah, nobody really wants to work through their 67th birthday

Some more analytical questions:
- what is the correlation between “have no debt” (slide 7) and the answers from slide 9 (problems budgeting)?
- what are the socio-demos of the group answering “family” on slide 11?
- Do the answer for slide 19 (interesting topics) change significantly with demographics (e.g. HHI, debt, age, education)

Thanks and keep up the great Blog work!

]]> By: Nicole http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you/comment-page-1/#comment-31529 Nicole Wed, 05 Sep 2007 17:33:10 +0000 http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you#comment-31529 I didn't finish my thought....I thought it was silly that a gender and money survey didn't take into account that at least some portion of women will choose to live on one income in order to raise kids. So this was a gender and money survey aimed only at those who work out of the home...not really a gender and money survey! I didn’t finish my thought….I thought it was silly that a gender and money survey didn’t take into account that at least some portion of women will choose to live on one income in order to raise kids. So this was a gender and money survey aimed only at those who work out of the home…not really a gender and money survey!

]]> By: Nicole http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you/comment-page-1/#comment-31528 Nicole Wed, 05 Sep 2007 17:30:53 +0000 http://www.iwillteachyoutoberich.com/blog/survey-responses-what-jumps-out-at-you#comment-31528 RE: salary negotiation - I thought that was a stupid question, honestly. I'm a stay at home mom. Nope, I never negotiate my income. It would be pointless. And this is something that bothered me about this survey altogether - you have to have your own personal income in order to want to do more with your money? RE: salary negotiation – I thought that was a stupid question, honestly. I’m a stay at home mom. Nope, I never negotiate my income. It would be pointless. And this is something that bothered me about this survey altogether – you have to have your own personal income in order to want to do more with your money?

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