Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Psychological Merit or Hogwash?
Old 06-29-2005, 05:13 AM   #21
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Psychological Merit or Hogwash?

Quote:
Originally Posted by VoyT
* Well, TD, maybe she needs to replace her car
* *
* *Too bad she doesn't realize that the credit-card interest is going to pile up faster than her savings rate, but I gotta go with the majority here. Let it be. It's her money.* And she'll probably tell you you're "lucky" when you can RE...
DW basically ignores her CC interest. But...........the balance is not large
and it is her money. I would probably get involved in this except it
would cause arguments and plus..........I operated in a similar fashion for years. It is kind of like burning money though.

JG
__________________

__________________
MRGALT2U is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Psychological Merit or Hogwash?
Old 06-29-2005, 04:28 PM   #22
Full time employment: Posting here.
Patrick's Avatar
 
Join Date: Mar 2005
Location: Northern, Florida
Posts: 925
Re: Psychological Merit or Hogwash?

Quote:
Originally Posted by MRGALT2U
If it felt like work I would avoid it.* Feels like "money for nothing"
(great song - Dire Straits) to me.* Besides, a few extra thousand
per year may not mean much to some on this forum.* It's big money to me.
I am guessing that since these offers began I have netted $5,000
and since I hold my income below the total of my exemptions and
the standard deduction, no fed. taxes either.
JG
JG, how do you keep the balances @ 0%? Just keep transferring to a new 0% card?

Thanks,

Patrick
__________________

__________________
Retired in 2006 at age 49.

"Who among us is smart enough to learn from the mistakes of others?" - Voltaire
Patrick is offline   Reply With Quote
Re: Psychological Merit or Hogwash?
Old 06-29-2005, 06:41 PM   #23
Recycles dryer sheets
VoyT's Avatar
 
Join Date: Feb 2005
Posts: 445
Re: Psychological Merit or Hogwash?

Quote:
Originally Posted by MRGALT2U
DW basically ignores her CC interest.* But...........the balance is not large
and it is her money.* I would probably get involved in this except it
would cause arguments
* *I can understand that ... some things just ain't worth it ...
__________________
"Coffee: the finest organic suspension ever devised." -- Kathryn Janeway
VoyT is offline   Reply With Quote
Re: Psychological Merit or Hogwash?
Old 06-29-2005, 08:09 PM   #24
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Psychological Merit or Hogwash?

Quote:
Originally Posted by Patrick
JG, how do you keep the balances @ 0%?* Just keep transferring to a new 0% card?

Thanks,

Patrick
Yep. Or, if I can't, I just pay them off when the -0-% is about to expire.

A tip. If you are applying for a new card with a promo rate, you will
be better off to give them the transfer request up front, with your app.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Psychological Merit or Hogwash?
Old 06-30-2005, 05:21 PM   #25
Recycles dryer sheets
 
Join Date: Nov 2003
Posts: 61
Re: Psychological Merit or Hogwash?

I've tried spreading the LBYM religion amongst friends/family & it just winds up irritating them.* Kind of like your father preaching to you.*

The interesting paradox is that widespread adoption of RE/LBYM by the masses would ultimately be deterimental to the equity & bond markets...those same markets we current RE's rely on to throw off investment income.* *Imagine all the missed quarterly sales targets due to a less consumer focused society, and the corresponding impact on stock valuations...and the ability of companies to repay debt., etc.

Who would do all the work if a high % of the population RE'd?* A shortage of workers & corresponding high wage inflation would be unhelpful.*

On second thought, I kind of like things the way they are now....
__________________
mark
markplus4 is offline   Reply With Quote
Re: Psychological Merit or Hogwash?
Old 06-30-2005, 09:47 PM   #26
Thinks s/he gets paid by the post
maddythebeagle's Avatar
 
Join Date: Jun 2005
Posts: 2,450
Re: Psychological Merit or Hogwash?

I mentioned fire to a coworker and he laughed in my face like it couldnt be done. He taps all of the equity in his house so he and his wife can get a new car and truck every few years. LOTS of toys in his garage, too I think the average person doesnt think it can be done and as long as they are happy with it, to each his own. I think some of this depends on personality, too, and having some predisposition to saving rather than have fun now.
__________________
- Hurry! to the cliffs of insanity!
maddythebeagle is offline   Reply With Quote
Re: Psychological Merit or Hogwash?
Old 06-30-2005, 10:43 PM   #27
Recycles dryer sheets
 
Join Date: Jul 2002
Posts: 420
Re: Psychological Merit or Hogwash?

I long time ago stopped trying to convert anybody to FIRE. A few people will come up with the questions themselves - but I leave the rest to keep the wheels of the world spinning as mark points out! Cheers!
__________________
preben is offline   Reply With Quote
Re: Psychological Merit or Hogwash?
Old 07-01-2005, 06:03 AM   #28
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Psychological Merit or Hogwash?

Quote:
Originally Posted by maddythebeagle
I mentioned fire to a coworker and he laughed in my face like it couldnt be done. He taps all of the equity in his house so he and his wife can get a new car and truck every few years. LOTS of toys in his garage, too* I think the average person doesnt think it can be done and as long as they are happy with it, to each his own. I think some of this depends on personality, too, and having some predisposition to saving rather than have fun now.
Yep, those folks are the "MISFIREs". They are missing out (some don't care of course) but most are clueless as to the possibilities. There are even those on this forum who would doubt you cano it with no planning
and little savings and miniscule net worth, f not for me and uncle mick
who basically stumbled and bumbled our way to ER. I think almost anyone
with brains and balls (sorry ladies) can do it. Your "average" person
wouldn't agree and your average retirement "guru" certainly wouldn't.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: Psychological Merit or Hogwash?
Old 07-01-2005, 07:58 AM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Re: Psychological Merit or Hogwash?

I was goosed by 'the flying fickle finger of fate' and landed in ER. My apolgies to the old Laugh In tv series.

And, and - kept a low profile age 49 - 55 until the first 'official' pension check arrived - then I could attend a few official retiree functions from time to time - still one of the youngest - 55 and outs were rare.
__________________
unclemick is offline   Reply With Quote
Re: Psychological Merit or Hogwash?
Old 07-01-2005, 08:49 AM   #30
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Re: Psychological Merit or Hogwash?

While certainly not a scientific sampling, I am amazed/dismayed by the number of co-workers and acquaintances who not only have no savings, but are indebted to their eyeballs, and considering/filed bankruptcy...

I groan that my $300k NW needs to be much bigger, but comparitively speaking, I'm a regular Bill Gates! :P
__________________

__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Psychological Health Survey ksenty Forum Admin 6 03-14-2006 11:59 PM

 

 
All times are GMT -6. The time now is 12:23 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.