Comments on: How Our Perception Keep Us Poor http://moneyning.com/money-beliefs/how-our-perception-keep-us-poor/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 08:01:45 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Dave http://moneyning.com/money-beliefs/how-our-perception-keep-us-poor/comment-page-1/#comment-9321 Dave Tue, 09 Sep 2008 22:02:21 +0000 http://moneyning.com/?p=1213#comment-9321 I have this whole "frugal" thing beaten. I invest nearly 40 percent of my net pay on collectible coins from the National Collector's Mint. My latest acquisition is nearly $750 worth of "Forgotten Heroes" 9/11 commemorative proof coins--the ones entirely clad in 15 mg. of .999 pure silver actually recovered from vaults beneath the ashes of Ground Zero. And, to make them even more special, the Twin Towers on the coins can be flipped up so the stand proudly as a tribute to our fallen heroes. When the shrinking supply of silver from Ground Zero is finished, these coins will no longer be available. So I've go that going for me. That and a vast collection of die-cast collectible automobiles from the Franklin Mint. I'm gonna be rich! Yay! I have this whole “frugal” thing beaten. I invest nearly 40 percent of my net pay on collectible coins from the National Collector’s Mint. My latest acquisition is nearly $750 worth of “Forgotten Heroes” 9/11 commemorative proof coins–the ones entirely clad in 15 mg. of .999 pure silver actually recovered from vaults beneath the ashes of Ground Zero. And, to make them even more special, the Twin Towers on the coins can be flipped up so the stand proudly as a tribute to our fallen heroes. When the shrinking supply of silver from Ground Zero is finished, these coins will no longer be available. So I’ve go that going for me. That and a vast collection of die-cast collectible automobiles from the Franklin Mint. I’m gonna be rich! Yay!

]]> By: MoneyBeagle http://moneyning.com/money-beliefs/how-our-perception-keep-us-poor/comment-page-1/#comment-9167 MoneyBeagle Thu, 04 Sep 2008 16:58:46 +0000 http://moneyning.com/?p=1213#comment-9167 Great article. I take note of this type of thinking all the time. Grocery stores are notorious for raising prices only to then run a 'sale' to make people think they're getting a deal. Great article. I take note of this type of thinking all the time. Grocery stores are notorious for raising prices only to then run a ’sale’ to make people think they’re getting a deal.

]]> By: Don McDaniel http://moneyning.com/money-beliefs/how-our-perception-keep-us-poor/comment-page-1/#comment-9131 Don McDaniel Wed, 03 Sep 2008 17:39:55 +0000 http://moneyning.com/?p=1213#comment-9131 Great site and very informative articles. I'll be back to check to see what's new. We are looking for link exchanges.Take a look at our free small business resource site and if you're at all interested send me a note. The Mole :) Great site and very informative articles. I’ll be back to check to see what’s new.

We are looking for link exchanges.Take a look at our free small business resource site and if you’re at all interested send me a note.

The Mole :)

]]> By: Joe @ Simple Debt-Free Finance http://moneyning.com/money-beliefs/how-our-perception-keep-us-poor/comment-page-1/#comment-9130 Joe @ Simple Debt-Free Finance Wed, 03 Sep 2008 16:40:35 +0000 http://moneyning.com/?p=1213#comment-9130 Great post Money Ning. My wife and I were just talking about this over the Sunday paper... all those ads where you can save $500 on your purchase of $5,000. Well, you get the idea, but marketer's have long used these perceptions to separate fools from their money, all the while those people never stop to think if they really need 3 extra 12 packs of coke to get that 1 free... Great post Money Ning.

My wife and I were just talking about this over the Sunday paper… all those ads where you can save $500 on your purchase of $5,000. Well, you get the idea, but marketer’s have long used these perceptions to separate fools from their money, all the while those people never stop to think if they really need 3 extra 12 packs of coke to get that 1 free…

]]> By: Jon Kepler http://moneyning.com/money-beliefs/how-our-perception-keep-us-poor/comment-page-1/#comment-9042 Jon Kepler Sun, 31 Aug 2008 05:26:57 +0000 http://moneyning.com/?p=1213#comment-9042 I sometimes try to guess what a company's profit margin is on a product, and then ask myself if I'm okay with giving them that much money. However, if I get an item on sale for less than cost, it still may not be a good deal if it's less than cost due to company inefficiency (ex. another store may have it even cheaper AND still make money on it). I sometimes try to guess what a company’s profit margin is on a product, and then ask myself if I’m okay with giving them that much money. However, if I get an item on sale for less than cost, it still may not be a good deal if it’s less than cost due to company inefficiency (ex. another store may have it even cheaper AND still make money on it).

]]> By: marci http://moneyning.com/money-beliefs/how-our-perception-keep-us-poor/comment-page-1/#comment-9025 marci Fri, 29 Aug 2008 19:52:02 +0000 http://moneyning.com/?p=1213#comment-9025 Here at the edge of the world (Pacific Coast) gas is at $3.99.... little mental trick there to make us feel better? Someone asked what I was doing with the money I was saving on gas now - I said, "What savings? Last year it was $2 cheaper, so it is still an extra expense, not a savings!" I feel we are in a 'correction' - not a recession. Why was there no uproar when property 'values' were rising so fast last year? It was so unrealistic. It was rather obvious it was all going to come to a screeching halt and fall drastically back down. I think the bottom of the turnaround won't be til next March or so. In the meantime, I just go my usual way - saving, not spending :) Works for me. And when one buys something at a lesser price, I believe that saying you 'saved' money is incorrect - only that you Spent Less! "Saved" is one of those mind-trip words to make you feel better about letting go of your money :) Here at the edge of the world (Pacific Coast) gas is at $3.99…. little mental trick there to make us feel better? Someone asked what I was doing with the money I was saving on gas now – I said, “What savings? Last year it was $2 cheaper, so it is still an extra expense, not a savings!”

I feel we are in a ‘correction’ – not a recession. Why was there no uproar when property ‘values’ were rising so fast last year? It was so unrealistic. It was rather obvious it was all going to come to a screeching halt and fall drastically back down. I think the bottom of the turnaround won’t be til next March or so.

In the meantime, I just go my usual way – saving, not spending :) Works for me.

And when one buys something at a lesser price, I believe that saying you ’saved’ money is incorrect – only that you Spent Less! “Saved” is one of those mind-trip words to make you feel better about letting go of your money :)

]]> By: JB http://moneyning.com/money-beliefs/how-our-perception-keep-us-poor/comment-page-1/#comment-9003 JB Thu, 28 Aug 2008 18:15:51 +0000 http://moneyning.com/?p=1213#comment-9003 That is a great last line 'It is at these times where good decisions will lead to much faster wealth accumulation' Great post. That is a great last line

‘It is at these times where good decisions will lead to much faster wealth accumulation’

Great post.

]]> By: Miranda http://moneyning.com/money-beliefs/how-our-perception-keep-us-poor/comment-page-1/#comment-8998 Miranda Thu, 28 Aug 2008 16:34:28 +0000 http://moneyning.com/?p=1213#comment-8998 Thank you for this great post! It is true that often we think that just because something costs "less" than it did before it is a great deal. Really, we should be focusing on whether we really need to buy the item. After all, spending money is still spending money. Thank you for this great post! It is true that often we think that just because something costs “less” than it did before it is a great deal. Really, we should be focusing on whether we really need to buy the item. After all, spending money is still spending money.

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