Comments on: The I Will Teach You To Be Rich series on women and personal finance begins http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins/ 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. Sun, 8 Nov 2009 06:09:27 -0800 http://wordpress.org/?v=abc hourly 1 By: Another south asian chic http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins/comment-page-2/#comment-60103 Another south asian chic Sun, 27 Apr 2008 05:13:46 +0000 http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins#comment-60103 It is interesting how many females say here they hate to think about money and finances, yet they don't mind the freedom or the life it affords. Maybe I am eccentric then, coz I totally want, and have control of my finances (even though I am married to a very financially savvy guy who could think for both of us if needed). I like reading WSJ or cnnfn or PF blogs and books. Though I am not into day trading, but understanding basic market moves /running simple numbers is something I like to do out of curiosity. Stereotypes exist...for both males and females...but as a person looking for useful info I believe I don't have have to depend on a women magazine if all the advice/info it gives is crappy. It is interesting how many females say here they hate to think about money and finances, yet they don’t mind the freedom or the life it affords. Maybe I am eccentric then, coz I totally want, and have control of my finances (even though I am married to a very financially savvy guy who could think for both of us if needed). I like reading WSJ or cnnfn or PF blogs and books. Though I am not into day trading, but understanding basic market moves /running simple numbers is something I like to do out of curiosity. Stereotypes exist…for both males and females…but as a person looking for useful info I believe I don’t have have to depend on a women magazine if all the advice/info it gives is crappy.

]]> By: Lauren http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins/comment-page-2/#comment-50173 Lauren Thu, 31 Jan 2008 22:39:54 +0000 http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins#comment-50173 This is a really interesting series. I did some similar research and came up with very similar results. I don't think it's a bad thing to admit that those stereotypes exist. There is so much more financial stuff geared towards guys and I think this is interesting that you are gearing this towards women and the particular issues that we have. This is a really interesting series. I did some similar research and came up with very similar results. I don’t think it’s a bad thing to admit that those stereotypes exist. There is so much more financial stuff geared towards guys and I think this is interesting that you are gearing this towards women and the particular issues that we have.

]]> By: a south asian woman http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins/comment-page-2/#comment-38986 a south asian woman Mon, 29 Oct 2007 04:22:57 +0000 http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins#comment-38986 i don't like money. i'm the major earner as my husband is an entrepreneur who hasn't really taken off, and is also at b-school. we're in our early 30s. we've no debt, car paid off, don't own home (a choice, coz suburbia is depression, and homes tie you down and middle-class homes are deeply unaesthetic in this country. we're not american.), paying for school with my earning. i love to travel. i love art, music and film. as i said, i don't like money. its annoying, common people size each other up based on how much they make, its annoying to negotiate, its too much work to think about, and most people, men and women that i deal with at work and in my creative projects seem to talk only in terms of the money value of things, which is so boring. investing is boring. finance is such a dry subject. money is boring. people who obsess over money as their primary interest are of no interest to me. i hate doing taxes. people are annoying, because, even when they have enough money, they want to take from others and maximize their earnings. charity is done so that people get tax deductions, it has nothing to do with charity. everybody just wants more. my retirement plan? i enrolled in the 401k thing at work with a default setting thee company gives, coz i thought it was part of my formalities to be completed for accepting the offer at this company (i hate my job, btw. annoying tech job.). i don't care to check how the money's being invested in by this plan, because that's boring, i'd rather surf the web. i dont plan to retire. retirement is for boring people. i will work until i drop dead. and if i'm not making enough to stay alive, or if i'm disabled, then i'll find a way to die anyway. i don't consider my spouse as the backup plan for finances. there was an annoying financial planner we met once, who said (about saving money for retirement): do you want to be cool at 30 or secure at 50? is he f*ing kidding me? if you don't live life at 30, what good is it to turn 50? i am not being frivolous. i just find the world has taken on a boring structure due to people's desperation for hoarding cash. this is not interesting to me. i don’t like money. i’m the major earner as my husband is an entrepreneur who hasn’t really taken off, and is also at b-school. we’re in our early 30s. we’ve no debt, car paid off, don’t own home (a choice, coz suburbia is depression, and homes tie you down and middle-class homes are deeply unaesthetic in this country. we’re not american.), paying for school with my earning. i love to travel. i love art, music and film. as i said, i don’t like money. its annoying, common people size each other up based on how much they make, its annoying to negotiate, its too much work to think about, and most people, men and women that i deal with at work and in my creative projects seem to talk only in terms of the money value of things, which is so boring. investing is boring. finance is such a dry subject. money is boring. people who obsess over money as their primary interest are of no interest to me. i hate doing taxes. people are annoying, because, even when they have enough money, they want to take from others and maximize their earnings. charity is done so that people get tax deductions, it has nothing to do with charity. everybody just wants more.

my retirement plan? i enrolled in the 401k thing at work with a default setting thee company gives, coz i thought it was part of my formalities to be completed for accepting the offer at this company (i hate my job, btw. annoying tech job.). i don’t care to check how the money’s being invested in by this plan, because that’s boring, i’d rather surf the web. i dont plan to retire. retirement is for boring people. i will work until i drop dead. and if i’m not making enough to stay alive, or if i’m disabled, then i’ll find a way to die anyway. i don’t consider my spouse as the backup plan for finances. there was an annoying financial planner we met once, who said (about saving money for retirement): do you want to be cool at 30 or secure at 50? is he f*ing kidding me? if you don’t live life at 30, what good is it to turn 50?

i am not being frivolous. i just find the world has taken on a boring structure due to people’s desperation for hoarding cash. this is not interesting to me.

]]> By: Kiyote http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins/comment-page-2/#comment-30643 Kiyote Tue, 28 Aug 2007 19:40:37 +0000 http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins#comment-30643 In my experience women tend to, on average, plan for financial security while men seem to plan for opportunity. I've known a fair number of men and women (of which I do not count myself to be a member of) who were very good at saving. The men tended to have specific goals in mind, like "I'm going to be saving up for a new car," or "I need to start planning for retirement," while the women who saved did so more on a matter of principle, saving up for a rainy day, or being able to pay their bills on time. This doesn't mean that I haven't know girls who are consistently saving up for something (my sister being a prime example) or guys who saved money for the sake of security, it just seems that more fall along this line In my experience women tend to, on average, plan for financial security while men seem to plan for opportunity. I’ve known a fair number of men and women (of which I do not count myself to be a member of) who were very good at saving. The men tended to have specific goals in mind, like “I’m going to be saving up for a new car,” or “I need to start planning for retirement,” while the women who saved did so more on a matter of principle, saving up for a rainy day, or being able to pay their bills on time.

This doesn’t mean that I haven’t know girls who are consistently saving up for something (my sister being a prime example) or guys who saved money for the sake of security, it just seems that more fall along this line

]]> By: Radhika http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins/comment-page-2/#comment-30620 Radhika Tue, 28 Aug 2007 15:16:05 +0000 http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins#comment-30620 I just found your blog today and I have found it useful in a number of ways, particularly as I am in the midst of sorting out my financial life. It is interesting that you are posing this question with regards to gender and financial matters. My sister and I both grew up in a privileged household with parents who had the luxury of not considering money on a day to day basis. While my mother tried to instill a sense of financial responsibility, neither of my parents lived by example (ie. they didn't balance their checkbooks and often forgot to deposit large checks etc. and the pattern continues to this day). I took these bad habits with me through college and three years of graduate school and as a result, accumulated debt. Each time the debt grew to cumbersome, my parents bailed me out (with lots of yelling etc.), but still I had a safety net that I relied on extensively. Now that I am married, my situation has changed considerably. My husband is an academic, and I am an urban planner. Professionals we are, but not highly paid. We live on a budget, but it has been made difficult by the bad habits I have carried on into our marriage. My sister has a similar situation. We both have discussed how we feel mystified and confused by money, and we both treat money as something that seamlessly passes in and out of our lives. In an effort to try and learn about money and to control money instead of the other way around, I am reading this blog and others. I look forward to hearing about the findings you uncover from your survey, and for postings from you that can help women like me navigate the murky waters of financial matters. I just found your blog today and I have found it useful in a number of ways, particularly as I am in the midst of sorting out my financial life. It is interesting that you are posing this question with regards to gender and financial matters. My sister and I both grew up in a privileged household with parents who had the luxury of not considering money on a day to day basis. While my mother tried to instill a sense of financial responsibility, neither of my parents lived by example (ie. they didn’t balance their checkbooks and often forgot to deposit large checks etc. and the pattern continues to this day). I took these bad habits with me through college and three years of graduate school and as a result, accumulated debt. Each time the debt grew to cumbersome, my parents bailed me out (with lots of yelling etc.), but still I had a safety net that I relied on extensively. Now that I am married, my situation has changed considerably. My husband is an academic, and I am an urban planner. Professionals we are, but not highly paid. We live on a budget, but it has been made difficult by the bad habits I have carried on into our marriage. My sister has a similar situation. We both have discussed how we feel mystified and confused by money, and we both treat money as something that seamlessly passes in and out of our lives. In an effort to try and learn about money and to control money instead of the other way around, I am reading this blog and others. I look forward to hearing about the findings you uncover from your survey, and for postings from you that can help women like me navigate the murky waters of financial matters.

]]> By: I Will Teach You To Be Rich » Tell us how you think about money — I’ll post results next week http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins/comment-page-2/#comment-30222 I Will Teach You To Be Rich » Tell us how you think about money — I’ll post results next week Fri, 24 Aug 2007 13:40:39 +0000 http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins#comment-30222 [...] I started the series on women and personal finance, Kimble wrote, “I am a little skeptical that this is a series being done by someone who is an [...] [...] I started the series on women and personal finance, Kimble wrote, “I am a little skeptical that this is a series being done by someone who is an [...]

]]> By: Jen http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins/comment-page-2/#comment-25718 Jen Tue, 10 Jul 2007 19:21:18 +0000 http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins#comment-25718 Greetings....I'm new to this blog, and was actually forwarded it by a male friend who thought I might be interested....so here it goes. I'm not sure that it's really women who are not as "into" finance and money as their male counterparts...I think it's more of a lack of education for men and women. Ponder this - we (speaking broadly here, your blg may have readers across the borders, no doubt) live in the United States, land of opportunity. We can read, write, add, subtract, choose our career paths, and do virtually WHATEVER we want for a living. When do we learn how to manage our money? In that one high school marco-economics class? In the one social science elective we took in college? Seriously, how can anyone in this country be expected to know how to save or budget or be fiscally responsible if our parents didn't instill it in us at a young age? I'm a lucky one. At 25 I have a husband, a house, an IRA, 401K, and money to live and spend as I wish. I think this is largely to do with the fact that my parents were thrifty when I was growing up, and it rubbed off. My husband comes from the opposite spectrum - parents not so financially savvy, but he took it upon himself to get educated on finances and now is much better than I am! I know plenty of women who are "bad" with money, but I probably know an equal number of men who are worse. From sports cars to subprime loans for huge houses to flat panel HDTVs, I think it's hard to say that women are worse than men. I think women like Suze Orman are working hard to change this perception of women and money and I absolutely commend her. Overall, I think the bigger problem is a lack of education for both men and women on how to handle and manage finances, bills, budgets, etc... Greetings….I’m new to this blog, and was actually forwarded it by a male friend who thought I might be interested….so here it goes.

I’m not sure that it’s really women who are not as “into” finance and money as their male counterparts…I think it’s more of a lack of education for men and women. Ponder this – we (speaking broadly here, your blg may have readers across the borders, no doubt) live in the United States, land of opportunity. We can read, write, add, subtract, choose our career paths, and do virtually WHATEVER we want for a living. When do we learn how to manage our money? In that one high school marco-economics class? In the one social science elective we took in college?

Seriously, how can anyone in this country be expected to know how to save or budget or be fiscally responsible if our parents didn’t instill it in us at a young age? I’m a lucky one. At 25 I have a husband, a house, an IRA, 401K, and money to live and spend as I wish. I think this is largely to do with the fact that my parents were thrifty when I was growing up, and it rubbed off. My husband comes from the opposite spectrum – parents not so financially savvy, but he took it upon himself to get educated on finances and now is much better than I am!

I know plenty of women who are “bad” with money, but I probably know an equal number of men who are worse. From sports cars to subprime loans for huge houses to flat panel HDTVs, I think it’s hard to say that women are worse than men. I think women like Suze Orman are working hard to change this perception of women and money and I absolutely commend her.

Overall, I think the bigger problem is a lack of education for both men and women on how to handle and manage finances, bills, budgets, etc…

]]> By: Alfa http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins/comment-page-2/#comment-25286 Alfa Fri, 06 Jul 2007 17:58:51 +0000 http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins#comment-25286 I'd like to read more about investing on real estate for women. I'm trying its waters but I know research is not enough. I’d like to read more about investing on real estate for women. I’m trying its waters but I know research is not enough.

]]> By: jenny s. http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins/comment-page-2/#comment-24816 jenny s. Mon, 02 Jul 2007 12:58:33 +0000 http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins#comment-24816 I'd like to see something about the gender gap in pay, and how women can negotiate their salaries to help cover it. In my experience, women lowball themselves when asking for salaries, and are less willing to negotiate higher pay than their male colleagues. And when they are willing to negotiate, they're less likely to get a commensurate pay increase. I’d like to see something about the gender gap in pay, and how women can negotiate their salaries to help cover it. In my experience, women lowball themselves when asking for salaries, and are less willing to negotiate higher pay than their male colleagues. And when they are willing to negotiate, they’re less likely to get a commensurate pay increase.

]]> By: Wooly Woman http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins/comment-page-2/#comment-24714 Wooly Woman Sun, 01 Jul 2007 16:52:31 +0000 http://www.iwillteachyoutoberich.com/blog/the-i-will-teach-you-to-be-rich-series-on-women-and-personal-finance-begins#comment-24714 I am looking forward to your series. My only thought was that you left me out of the group who you were interested in. I am 34, and thus don't meet your age criteria. I am a regular reader of your blog, I just don't comment much :) I am looking forward to your series. My only thought was that you left me out of the group who you were interested in. I am 34, and thus don’t meet your age criteria. I am a regular reader of your blog, I just don’t comment much :)

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