Comments on: Stop Worrying About Money – Once and For All

By: Chrissi

Chrissi — Tue, 15 Nov 2011 19:39:21 +0000

I think that it is all too easy to spend more than you actually have, and that banks actually encourage you to do so!
I had somebody phone me the other day from my bank to discuss financing a house purchase – he was amazed that I would not be requiring a loan in order to do so!
Still, I worry about money, and whether or not I will really have enough to retire when I need to, and when working another five years is no longer an option!

By: Neal Frankle

Neal Frankle — Sat, 07 Feb 2009 01:22:34 +0000

Agreed. You know, one of my favorite books of all time is “How To Stop Worrying And Start Living” Its an oldie but a goodie. It talks about this quite a bit.

By: marci

marci — Fri, 06 Feb 2009 22:36:29 +0000

Yes – David’s one of my top 5 blogs

And that worst case scenario works for me in a lot of real-life situations, family situations, and work situations also – not just the money ones. Once I have thought thru the process, finding that worst case scenario usually reduces my anxiety

By: Neal Frankle

Neal Frankle — Fri, 06 Feb 2009 16:25:54 +0000

Marci and Seth…..so glad you on track and I really appreciate the comments. Moneyning has some terrific articles on how to stay on track. Don’t you really love this blog? I do.

By: Seth

Seth — Fri, 06 Feb 2009 07:13:13 +0000

Neal,

Great post with some really practical and digestible steps for getting through financial anxiety. Like so many things in life, when we actually shed light on those dark little “worst-case scenarios” and “what-if” situations, they’re usually not that bad.

By: marci

marci — Fri, 06 Feb 2009 03:55:18 +0000

It’s been a huge wake up call to millions…. some of whom will actually wake up and do something to improve their situation. Others will just whine.
For many others, it was a confirmation that they have been on the right track all the time – frugalness pays. and frugalness gives peace of mind.

By: Neal Frankle

Neal Frankle — Fri, 06 Feb 2009 00:09:51 +0000

Thanks CD. I really respect the choices you and your wife made. You figured out what was important to you and you made it happen. That’s what I’m talking about.

You should feel very proud of your accomplishments.

By: CD Rates

CD Rates — Thu, 05 Feb 2009 23:00:59 +0000

Neal,

Great post.

We’ve made similar decisions over the years. When my wife and I were first married I worked two jobs so she could be home with the children. Ove the years, I was able to move away from having to have two. Then children grew and became more expensive. We cut where we could, but some things like private school were very important. I again took on a 2nd job to cover those expenses. I’m able to do it from my house so thankfully I’m home for that part.

I recently also started blogging on my own to bring in some income and my wife is doing some daycare. That still allows her to still be home.

And cutting expenses and getting a 2nd job isn’t too bad. You do have to manage time carefully because the family isn’t getting any younger. We are feeling that pull a little so reining some things in to make sure the family time doesn’t suffer.

Solutions are out there. We just have to be willing to look high and low and be creative.

BTW, fixed income products like CDs are really popular, we are busier than ever. :O)

By: Neal Frankle

Neal Frankle — Thu, 05 Feb 2009 20:39:36 +0000

Tom, sorry, I did in fact misunderstand. Thanks for clarifying. You are right on. Folks just spend without thinking sometimes. They don’t put it in perspective. As you suggest, we should ask, “am I about to do something that is going to create serenity or chaos in my life”. I think that one question would save lots of heartache.

Jules…..thanks for your very kind words.

By: Neal Frankle

Neal Frankle — Thu, 05 Feb 2009 20:09:00 +0000

Thanks Tom. If you just bought a car and a house, my guess is that you (and everyone around you) will be calling you a genius in a few years. You probably bought these things at huge discounts. Nicely Done Tom.