• Date Started: Jan 11, 2008
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Useless financial advice

9 Responses to “Useless financial advice”

1. Maismom Says:
   January 28th, 2008 at 12:35 pm
   Good for you to achieve all these savings!
   
   Well, it is true that I don't learn much from regular financial advice websites anymore. I learn more from real people who hang out in frugal people's community.

2. Ima saver Says:
   January 28th, 2008 at 02:01 pm
   Just keep doing what you are doing! The $20 challenge has helped me to save more by banking the money that I get from using coupons, store cards, etc.

3. Broken Arrow Says:
   January 28th, 2008 at 02:36 pm
   Indeed, you are doing quite good!
   
   Usually, once the financial house is in order, and if all the usual retirement vehicles are finally exhausted, then perhaps it's time to head out into the wild, wild world of taxable investing.

4. disneysteve Says:
   January 28th, 2008 at 04:36 pm
   Congrats on taking care of all the basics and then some when it comes to managing your finances. Where is the advice for folks like you and me? It is in publications like MONEY magazine, Kiplinger's Personal Finance, Smart Money, the Wall Street Journal, Barron's, etc. I'd subscribe to one or two of those, especially the first 3 I listed.
   
   The reason all that other advice is out there is because the majority of Americans aren't following it and they need to keep hearing it.

5. M E Says:
   January 28th, 2008 at 05:35 pm
   
   
   Ummmm, didn't I just vent about the same thing a few days ago????????????? @@ OY!

6. daylily Says:
   January 28th, 2008 at 06:50 pm
   I totally agree with you. This very thing has frustrated me. I get so tired of reading the personal finance section in my newspaper because every time I do I think 'Duh.'

7. baselle Says:
   January 28th, 2008 at 08:26 pm
   Yep. You're at the intermediate step where you want to build and maintain a little fiscal empire. You have some money and you get a bit of it continually, so you have to figure out the best of the best places to hold it (also relative to the other places you have $s), keep it growing, and not lose any of it.

8. Amber Says:
   February 3rd, 2008 at 12:54 am
   I must say that I understand exactly what you are saying but it was those sites that got me started on kicking the habit of incurring unnecessary debt which eventually led me here

9. thriftorama Says:
   February 5th, 2008 at 12:01 pm
   I sometimes have to write those stories for the personal finance section. (I'm a financial journalist by day) and let me tell you why they are all so dumbed down. Because the editors at newspapers seem to think that's the level that people are operating on. I can't count how many times I had to rewrite the same advice in different formats! They figure the paper is going to a mass audience, so they can't really write anything to in-depth or complicated. The topics have to have mass appeal. For more in-depth financial work, you have to go to specialty publications, like Bankrate or Kiplinger.
   
   Also, even business editors aren't always financially savvy. I can't tell you how many have repeatedly asked me about really basic financial concepts. Even the college educated are often lacking a basic understanding of the financial world. It's scary.

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