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	<title>Comments on: Fortune Magazine&#8217;s So Called HENRYs are Getting It All Wrong</title>
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	<description>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!</description>
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		<title>By: Abby</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-12946</link>
		<dc:creator>Abby</dc:creator>
		<pubDate>Mon, 12 Jan 2009 01:12:04 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-12946</guid>
		<description>It seems like a logical fallacy to say &quot;I went to public school and came out fine&quot; as an argument to public schools being adequate. A great number of them aren&#039;t. I was fortunate enough to attend one of the top public high schools in the nation (beating out even many private schools), but I know for a fact that I was one of the lucky few. Even then, the sheer cost of living in the district was comparable, if not higher than the tuition of many private schools elsewhere. Choosing to live there was not a luxury-- my parents saw it as a necessary investment.

For those living in poorer neighborhoods, the public education system is simply not cutting it and private school may very well appear to be a necessity in these areas for parents who value education and self-enrichment. It&#039;s a sad state of affairs when taxpayers feel that an education system they&#039;re paying for is not up to snuff, so they feel that they must shell out more money for a private education.</description>
		<content:encoded><![CDATA[<p>It seems like a logical fallacy to say &#8220;I went to public school and came out fine&#8221; as an argument to public schools being adequate. A great number of them aren&#8217;t. I was fortunate enough to attend one of the top public high schools in the nation (beating out even many private schools), but I know for a fact that I was one of the lucky few. Even then, the sheer cost of living in the district was comparable, if not higher than the tuition of many private schools elsewhere. Choosing to live there was not a luxury&#8211; my parents saw it as a necessary investment.</p>
<p>For those living in poorer neighborhoods, the public education system is simply not cutting it and private school may very well appear to be a necessity in these areas for parents who value education and self-enrichment. It&#8217;s a sad state of affairs when taxpayers feel that an education system they&#8217;re paying for is not up to snuff, so they feel that they must shell out more money for a private education.</p>
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		<title>By: Steve C @ MyWifeQuitHerJob.com</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11639</link>
		<dc:creator>Steve C @ MyWifeQuitHerJob.com</dc:creator>
		<pubDate>Mon, 10 Nov 2008 01:08:03 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11639</guid>
		<description>I went to public school also and came out fine but it seems as though the schools in California aren&#039;t as good as in Maryland where I grew up.  Here in the bay area, you either have to shell out a million bucks for a house in a good school district or you go to private school.  Many people opt for the latter.  I don&#039;t consider private school a discretionary expense in this case.</description>
		<content:encoded><![CDATA[<p>I went to public school also and came out fine but it seems as though the schools in California aren&#8217;t as good as in Maryland where I grew up.  Here in the bay area, you either have to shell out a million bucks for a house in a good school district or you go to private school.  Many people opt for the latter.  I don&#8217;t consider private school a discretionary expense in this case.</p>
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		<title>By: Jon Kepler</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11622</link>
		<dc:creator>Jon Kepler</dc:creator>
		<pubDate>Sat, 08 Nov 2008 23:30:38 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11622</guid>
		<description>Matthew, I wouldn&#039;t necessarily say that Obama is more right wing than Stephen Harper (who I support, by the way).

I think a lot of people are also missing one of the downsides to being a HENRY as opposed to actually rich:  your income can still go to zero.  When you&#039;re rich, the assumption is that you&#039;re almost untouchable.  HENRYs still worry about unemployment, heath care bills, and more.</description>
		<content:encoded><![CDATA[<p>Matthew, I wouldn&#8217;t necessarily say that Obama is more right wing than Stephen Harper (who I support, by the way).</p>
<p>I think a lot of people are also missing one of the downsides to being a HENRY as opposed to actually rich:  your income can still go to zero.  When you&#8217;re rich, the assumption is that you&#8217;re almost untouchable.  HENRYs still worry about unemployment, heath care bills, and more.</p>
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		<title>By: Henry Wannabe</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11617</link>
		<dc:creator>Henry Wannabe</dc:creator>
		<pubDate>Sat, 08 Nov 2008 07:22:30 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11617</guid>
		<description>I almost wept reading about those poor, targeted HENRYs in our country.  It’s GOT to be pretty tough for them to make ends meet, what with all the private school tuition and socking away a mere $4,000 per month in their retirement accounts on top of the nearly $1,000 per month children’s college fund.

I mean, it’s just not right that they have to “starve themselves of luxuries” as the article pointed out.  That’s just so….what’s the word?.....CRUEL!

Oh those poor, poor, poor souls (figuratively poor, that is).  And the terrible plight of that Selden family…it breaks my heart.  They’re just two doctors trying to scratch out a modest living in a super-modest $750,000 home in the Charlotte suburbs and they have to….I can barely finish this sentence through my tears….that poor family (figuratively poor, that is) has to postpone their “pet project” to expand their playroom.

My GOD, what has this world come to when a family of two doctors with a small playroom can’t even make it bigger when they want to?!?!  They have to WAIT!!  WAIT, I tell you!  Ohhhh, the inhumanity of it all.</description>
		<content:encoded><![CDATA[<p>I almost wept reading about those poor, targeted HENRYs in our country.  It’s GOT to be pretty tough for them to make ends meet, what with all the private school tuition and socking away a mere $4,000 per month in their retirement accounts on top of the nearly $1,000 per month children’s college fund.</p>
<p>I mean, it’s just not right that they have to “starve themselves of luxuries” as the article pointed out.  That’s just so….what’s the word?&#8230;..CRUEL!</p>
<p>Oh those poor, poor, poor souls (figuratively poor, that is).  And the terrible plight of that Selden family…it breaks my heart.  They’re just two doctors trying to scratch out a modest living in a super-modest $750,000 home in the Charlotte suburbs and they have to….I can barely finish this sentence through my tears….that poor family (figuratively poor, that is) has to postpone their “pet project” to expand their playroom.</p>
<p>My GOD, what has this world come to when a family of two doctors with a small playroom can’t even make it bigger when they want to?!?!  They have to WAIT!!  WAIT, I tell you!  Ohhhh, the inhumanity of it all.</p>
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		<title>By: Rick Vaughn</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11614</link>
		<dc:creator>Rick Vaughn</dc:creator>
		<pubDate>Sat, 08 Nov 2008 04:33:33 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11614</guid>
		<description>Well if you are HENRY and not rich yet you certainly have no room to complain. Then again it&#039;s all relative. I personally do not agree with this &quot;Robin Hood&quot; principle being thrown around. No one should ever be penalized for being successful. Good post Ning!</description>
		<content:encoded><![CDATA[<p>Well if you are HENRY and not rich yet you certainly have no room to complain. Then again it&#8217;s all relative. I personally do not agree with this &#8220;Robin Hood&#8221; principle being thrown around. No one should ever be penalized for being successful. Good post Ning!</p>
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		<title>By: MoneyNing</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11596</link>
		<dc:creator>MoneyNing</dc:creator>
		<pubDate>Fri, 07 Nov 2008 19:19:37 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11596</guid>
		<description>Andrea: Your comment was quite insight.  No worries about writing it in between doing other things since we all do the same :D</description>
		<content:encoded><![CDATA[<p>Andrea: Your comment was quite insight.  No worries about writing it in between doing other things since we all do the same <img src='http://moneyning.com/wp-includes/images/smilies/icon_biggrin.gif' alt=':D' class='wp-smiley' /> </p>
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		<title>By: Andrea</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11594</link>
		<dc:creator>Andrea</dc:creator>
		<pubDate>Fri, 07 Nov 2008 19:06:23 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11594</guid>
		<description>Goodness, my comment&#039;s a mess - that&#039;s what I get for writing it over the course of an hour and in between doing other things. :) Sorry about that, Ning.</description>
		<content:encoded><![CDATA[<p>Goodness, my comment&#8217;s a mess &#8211; that&#8217;s what I get for writing it over the course of an hour and in between doing other things. <img src='http://moneyning.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' />  Sorry about that, Ning.</p>
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		<title>By: CD Rates Blog</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11593</link>
		<dc:creator>CD Rates Blog</dc:creator>
		<pubDate>Fri, 07 Nov 2008 18:53:32 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11593</guid>
		<description>Boy, David, this is a fun one.  I love posts that spark vigorous conversation.  Well done!!!

Matthew -- I know the road I took as well.  And my road included getting up at 3:30 in the morning, on two hours of sleep delivering newspapers.  That was so my wife could be a stay at home mom and to rent a decent home (1000 sq. ft.).  Then working 8:30AM to 6:30 or 7:30PM.  My point is, it should be my decision how to spread my &quot;wealth&quot; around.  I think I&#039;ve worked hard enough to have earned the right to make it.  Obama and crew want to make it for me and you.  Somehow they know better.  Just like they were smarter about Freddie and Fannie.  Wait, they weren&#039;t.  :O)

David, I hear the &quot;I turned out fine&quot; argument way to often.  I don&#039;t want my children to just turn out &quot;fine&quot;.  I want them to excel in strength, courage, and devotion.  I also want their education to be undergirded by the fundamentals of my faith.  There is no public school that offers that.  Also, for the most part you don&#039;t get to pick your public school.  There are choices when it comes to charter schools, but frankly I&#039;m not a big fan of using public dollars for schools that should really be private.  That is a whole different discussion though.  I wouldn&#039;t trade the world for the school my children are currently attending.  But I do appreciate your thoughtfulness.</description>
		<content:encoded><![CDATA[<p>Boy, David, this is a fun one.  I love posts that spark vigorous conversation.  Well done!!!</p>
<p>Matthew &#8212; I know the road I took as well.  And my road included getting up at 3:30 in the morning, on two hours of sleep delivering newspapers.  That was so my wife could be a stay at home mom and to rent a decent home (1000 sq. ft.).  Then working 8:30AM to 6:30 or 7:30PM.  My point is, it should be my decision how to spread my &#8220;wealth&#8221; around.  I think I&#8217;ve worked hard enough to have earned the right to make it.  Obama and crew want to make it for me and you.  Somehow they know better.  Just like they were smarter about Freddie and Fannie.  Wait, they weren&#8217;t.  :O)</p>
<p>David, I hear the &#8220;I turned out fine&#8221; argument way to often.  I don&#8217;t want my children to just turn out &#8220;fine&#8221;.  I want them to excel in strength, courage, and devotion.  I also want their education to be undergirded by the fundamentals of my faith.  There is no public school that offers that.  Also, for the most part you don&#8217;t get to pick your public school.  There are choices when it comes to charter schools, but frankly I&#8217;m not a big fan of using public dollars for schools that should really be private.  That is a whole different discussion though.  I wouldn&#8217;t trade the world for the school my children are currently attending.  But I do appreciate your thoughtfulness.</p>
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		<title>By: MoneyNing</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11591</link>
		<dc:creator>MoneyNing</dc:creator>
		<pubDate>Fri, 07 Nov 2008 18:11:53 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11591</guid>
		<description>Arohan: Those are sensible choices and it&#039;s very admirable for you to want to give your kids the best.  I believe that many parents (mine included) sacrificed tremendously to give us the opportunity to succeed.  I&#039;m sure that with parents like you, your kids will prosper much better than others.

CD Rates: No problem about disagreeing.  Expressing our points of view is what makes our society great since we are always learn from each other.

I&#039;m not saying that high taxes are good at all.  As someone who has decent salary and coming from Hong Kong (where 10-20% tax rates are common even for the wealthiest), I can never understand why our government can waste so much money every single year.

All I&#039;m saying is that like everyone else, America&#039;s way of life has made decisions (some good, some bad).  We should all embrace the country as a whole.

On the school subject though, I think I feel private schools are unnecessary because my sister and I both went to public school and came out fine.  It&#039;s true that I haven&#039;t been to any schools in the United States in recent days so perhaps it&#039;s much worst than I thought.  I also think that within the public system, there must be schools that are better than others.  Perhaps you can look around instead of going the private school route?  If there&#039;s something I can do or help, just email me and we can probably chat.</description>
		<content:encoded><![CDATA[<p>Arohan: Those are sensible choices and it&#8217;s very admirable for you to want to give your kids the best.  I believe that many parents (mine included) sacrificed tremendously to give us the opportunity to succeed.  I&#8217;m sure that with parents like you, your kids will prosper much better than others.</p>
<p>CD Rates: No problem about disagreeing.  Expressing our points of view is what makes our society great since we are always learn from each other.</p>
<p>I&#8217;m not saying that high taxes are good at all.  As someone who has decent salary and coming from Hong Kong (where 10-20% tax rates are common even for the wealthiest), I can never understand why our government can waste so much money every single year.</p>
<p>All I&#8217;m saying is that like everyone else, America&#8217;s way of life has made decisions (some good, some bad).  We should all embrace the country as a whole.</p>
<p>On the school subject though, I think I feel private schools are unnecessary because my sister and I both went to public school and came out fine.  It&#8217;s true that I haven&#8217;t been to any schools in the United States in recent days so perhaps it&#8217;s much worst than I thought.  I also think that within the public system, there must be schools that are better than others.  Perhaps you can look around instead of going the private school route?  If there&#8217;s something I can do or help, just email me and we can probably chat.</p>
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		<title>By: Mathew</title>
		<link>http://moneyning.com/money-stories/fortune-magazines-so-called-henrys-are-getting-it-all-wrong/comment-page-1/#comment-11590</link>
		<dc:creator>Mathew</dc:creator>
		<pubDate>Fri, 07 Nov 2008 18:07:03 +0000</pubDate>
		<guid isPermaLink="false">http://moneyning.com/?p=1595#comment-11590</guid>
		<description>1. Calvin: Is fast food really cheaper? My girlfriend and I spend ~80-90 a week on groceries and that will feed us for a week, nearly every meal.  And we eat well.  There is no chance two people could eat fast food for a week and spend less.  The bigger the family, I would imagine the savings would multiply.

2. A lot has to do with luck. Just think of the life you were born into.  I know the road I took to where I am now was much easier than most.  That&#039;s why I&#039;m ok with spreading the wealth.

3. Anyone that thinks Obama is a socialist is a little out to lunch.  In Canada, he&#039;d be the most right wing candidate.</description>
		<content:encoded><![CDATA[<p>1. Calvin: Is fast food really cheaper? My girlfriend and I spend ~80-90 a week on groceries and that will feed us for a week, nearly every meal.  And we eat well.  There is no chance two people could eat fast food for a week and spend less.  The bigger the family, I would imagine the savings would multiply.</p>
<p>2. A lot has to do with luck. Just think of the life you were born into.  I know the road I took to where I am now was much easier than most.  That&#8217;s why I&#8217;m ok with spreading the wealth.</p>
<p>3. Anyone that thinks Obama is a socialist is a little out to lunch.  In Canada, he&#8217;d be the most right wing candidate.</p>
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