Lil Monday Rant!
I don't consider myself to be a genius or anything, but I'm so tired of the watered down financial tips that are abundant on the internet, news, magazines, etc. these days. I suppose it could be helpful to someone who doesn't have much common sense or is seriously in debt, but not for those of us who are already pretty careful with money.
For example, I am tired of hearing about the "latte factor". I don't buy a latte everyday, so I can't give it up and save the $4.00 and invest it for 40 years to wind up with an extra $1.5 million (or whatever number they come up with). I already have a 401k, Roth IRA, six months of living expenses in a savings account,pay off my credit card monthly, funds saved up for my next car, furniture, vacation, etc etc.
Where is the advice for this type of person?
Useless financial advice
January 28th, 2008 at 07:26 pm
January 28th, 2008 at 08:35 pm 1201552503
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.
January 28th, 2008 at 10:01 pm 1201557667
January 28th, 2008 at 10:36 pm 1201559792
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.
January 29th, 2008 at 12:36 am 1201566993
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.
January 29th, 2008 at 01:35 am 1201570530
Ummmm, didn't I just vent about the same thing a few days ago????????????? @@ OY!
January 29th, 2008 at 02:50 am 1201575009
January 29th, 2008 at 04:26 am 1201580808
February 3rd, 2008 at 08:54 am 1202028861
February 5th, 2008 at 08:01 pm 1202241660
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.