Comments on: How to Trust Someone

By: phill

phill — Fri, 09 Oct 2009 09:43:02 +0000

why not make your own decisions? And just take suggestions instead of advice.

By: Avery

Avery — Fri, 09 Oct 2009 07:51:18 +0000

The problem is that when we ask for advices on a question, normally,we have no other solutions ourselves. When there is one advice, we will take it, because we are eager to get started.

If we know there is a better private school, and we can send kids to that school, why not? The question is that normally we do not know that much information.

By: Wilson Pon

Wilson Pon — Thu, 08 Oct 2009 06:01:46 +0000

Yeah, we shouldn’t easily trust someone, although he/she is our best friend! Sometimes, it’s better to experience ourselves than believing on other people dishonest opinions…

By: kenyantykoon

kenyantykoon — Tue, 06 Oct 2009 04:52:33 +0000

i agree with you. i prticularly detest people that tell you how to run your business or handle your investments and at that time they have absolutely no experience in the said fields. but i am also guilty of the same….

By: John DeFlumeri Jr

John DeFlumeri Jr — Tue, 06 Oct 2009 03:05:54 +0000

That is certainly the Acid test. If they wouldn’t buy it themselves, why would you buy it?

By: MoneyNing

MoneyNing — Mon, 05 Oct 2009 22:53:38 +0000

I’m not that blogger so it’s hard for me to comment when I don’t know the full situation. However, I agree that if a blogger is going to share personal stories as inspiration, the more transparent, the better so readers can put everything in context and perspective.

By: Financial Samurai

Financial Samurai — Mon, 05 Oct 2009 19:13:40 +0000

That’s true regarding lifestyle. For example, one blogger, who we all know talks about paying off his $35,000 debt 11 months early (39 months instead of 50) as quite an accomplishment. He talks about setting goals and beating them. Well, that’s impressive if you’re only making $50-60,000 a year. But, it’s pretty unimpressive if you’re making $600,000 a year.

I know that it’s a business, but there needs to be more transparency, otherwise, I think it’s very misleading.

By: MoneyNing

MoneyNing — Mon, 05 Oct 2009 18:49:14 +0000

It does seem strange that someone making $50,000 a month would leave their $180,000 mortgage open for that long, but there are many reasons why people don’t pay off a mortgage. I’m guessing of course, but the $50,000 may not be consistent month after month, or maybe the blogger has use for those funds in the immediate future. Also, there may be expenses that come with the website or that person may believe that they can get a better return with investments.

As to scrimping, I think it has more to do with personality than with wealth. Someone who is frugal will always tend towards saving regardless of how much money they have. That person may not need to sacrifice much to buy a $18,000 car, but it doesn’t mean that they won’t watch their expenses carefully.

By: Financial Samurai

Financial Samurai — Mon, 05 Oct 2009 17:49:35 +0000

Hi Money Ning, the PF bloggers I mentioned make $50,000/month, or $600,000/yr from their sites, and not $50,000/yr.

I’m surprised more people don’t question their authenticity. If you’re making $600,000/yr just from blogging, how can you write about trying and having a goal to pay off a $180,000 mortgage in 5 years, and go through discipline and sacrifice? He can pay off his mortgage in 1 year and still have plently left over if he wanted to.

Same goes for the one scrimping to buy a $18,000 car, when income exceeds $50,000 a MONTH.

I don’t get it. It’s like zombie readers following.

By: MoneyNing

MoneyNing — Mon, 05 Oct 2009 17:28:36 +0000

I’m not sure who you are referring to but the numbers you pointed out somehow doesn’t seem possible.

The $180,000 mortgage is going to need $30,000 each year even if there’s absolutely no interests. That leaves $20,000 a year for everything else.

Also, the $50,000 income needs to be taxed, so it just doesn’t seem possible. Maybe there’s some other income that wasn’t really fully discussed?