Comments on: I Am Just the Cliffs Notes for Your Journey to Financial Prosperity

By: Michelle

Michelle — Wed, 14 Oct 2009 04:01:50 +0000

I completely agree that you can read and read and read, but if you do not put what you learn into action, you’re not going to totally grasp anything and nothing will come of it – it’s just like learning a foreign language. You’ve got to practice it everyday, even immerse yourself in it to become somewhat fluent.

I dont think that being frugal or cutting back on your spending will ultimately get you to a successful financial future. I am not an avid reader of self-help or motivational books, but I think that Loral Langemeier has placed some great ideas out there about not saving your money but instead making it work for you. I recently joined a webinar series that she taught which went over her new book Put More Cash In Your Pocket, and she actually took the ideas she wrote in her book and assigned us homework to actually put those ideas into action.

Not very many adults, especially those not in school, have the opportunity to have someone there to make you accountable for your actions. Again, I dont think anyone can really learn anything without actually getting out there in the world and applying it.

By: Financial Samurai

Financial Samurai — Wed, 14 Oct 2009 02:44:40 +0000

I’m just wondering, I think a lot of people care about their finances, just not enough people know there is a big PF community out there for people to get to know.

I have been obsessed with my personal finances since I first started working for $3.30 at McDonald’s. That was a while ago.

By: MoneyNing

MoneyNing — Tue, 13 Oct 2009 21:42:59 +0000

You’re right, but you generally can’t consume the same quality of food at equal or lesser prices.

Buying bulk does cut down the prices somewhat for restaurants, but it’s the markup that ultimately allows them to stay in business.

By: Moneymonk

Moneymonk — Tue, 13 Oct 2009 21:06:50 +0000

“Everyone knows they shouldn’t eat out, but it is you who will take the time to cook at home”

Sometimes I find eating out is cheaper than buying groceries

just my two cents

By: Jimmy

Jimmy — Tue, 13 Oct 2009 17:12:19 +0000

Thanks for the motivation. I totally agree that it does get easier after you get pass the initial resentment of being frugal.

I’m happy to be on my way to financial freedom.

By: Nick

Nick — Tue, 13 Oct 2009 16:19:21 +0000

The majority do nothing because it’s easier to be lazy, and the majority complain because that’s easy too. Make the uncomfortable choices that no one else is willing to make and you will have a much higher rate of success.

By: kenyantykoon

kenyantykoon — Tue, 13 Oct 2009 15:32:41 +0000

This is a nice post. That is why I read very few motivational books and other forms of self help, so that I don’t get overloaded with information and end up doing none of what I read. Read one book and then do what it says. The only stuff that I feed my reading addictions to are other genres that don’t really require much action afterwards.

By: Jim Bauer

Jim Bauer — Tue, 13 Oct 2009 13:54:35 +0000

You touch on something I’ve been writing in my own short series of blogs entitled, “How to bring home the bacon without slaughtering the pig,” where my focus is on mainly efficient spending habits. It matters little if you earn a lot of money if you spend it unwisely. Many people miss this very important point. In addition, if you only buy bigger toys when you earn more, you also miss out. You just get bigger bills. A guy who earns $30,000 a year can actually live better than a guy who makes $90,000 a year depending on spending habits. People focus far too much on what they earn.