Comments on: Are Financial Gurus Worth Listening To? Part 2 http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/ Fresh ideas for blogging, making money, and living a more productive life Sat, 15 Oct 2011 00:37:30 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: ray http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/comment-page-1/#comment-59413 ray Thu, 19 Jul 2007 10:32:40 +0000 http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/#comment-59413 Hi Tom. Thanks! Money education seems to be sorely lacking in our society today. Or maybe the education that's out there isn't combined with good common sense. The conventional wisdom of the day is that having debt is a fact of life and that it can't be avoided. Thanks for commenting! Hi Tom. Thanks! Money education seems to be sorely lacking in our society today. Or maybe the education that’s out there isn’t combined with good common sense. The conventional wisdom of the day is that having debt is a fact of life and that it can’t be avoided. Thanks for commenting!

]]> By: Tom Allen http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/comment-page-1/#comment-58393 Tom Allen Tue, 17 Jul 2007 04:08:36 +0000 http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/#comment-58393 Nice post, it's good to see somebody putting some good info out there. Buying a house is a massive undertaking for most people but there are many potential problems. This is never helped by the fact it can be such a profitable business for those involved in it so good solid information can be difficult to come by. I run a mortgage information site myself and it amazes me sometimes how some people don't arm themselves with good information before diving in. Nice post, it’s good to see somebody putting some good info out there. Buying a house is a massive undertaking for most people but there are many potential problems. This is never helped by the fact it can be such a profitable business for those involved in it so good solid information can be difficult to come by.

I run a mortgage information site myself and it amazes me sometimes how some people don’t arm themselves with good information before diving in.

]]> By: Are Financial Gurus Worth Listening To? Part 1 at FreshBlogger http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/comment-page-1/#comment-17186 Are Financial Gurus Worth Listening To? Part 1 at FreshBlogger Thu, 15 Mar 2007 11:19:51 +0000 http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/#comment-17186 [...] « Simple Posts and Search Engine Visitors Are Financial Gurus Worth Listening To? Part 2 [...] [...] « Simple Posts and Search Engine Visitors Are Financial Gurus Worth Listening To? Part 2 [...]

]]> By: Ray http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/comment-page-1/#comment-16967 Ray Wed, 14 Mar 2007 10:58:57 +0000 http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/#comment-16967 Marc, thanks! I appreciate it! I really try to get to the most basic substance of the issue rather than getting stuck in a bunch of technical details. I'm all about the dummies versions! Marc, thanks! I appreciate it! I really try to get to the most basic substance of the issue rather than getting stuck in a bunch of technical details. I’m all about the dummies versions!

]]> By: Marc Chase http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/comment-page-1/#comment-16883 Marc Chase Wed, 14 Mar 2007 00:37:22 +0000 http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/#comment-16883 Hey Ray, You're welcome and thank you. Being in the industry I'm in, it's so refreshing to see a post/blog with substance rather then just a bunch of keyword spam. You're doing a great job and will shoot your link to some of our clients who are blog fanatics Hey Ray,

You’re welcome and thank you. Being in the industry I’m in, it’s so refreshing to see a post/blog with substance rather then just a bunch of keyword spam.

You’re doing a great job and will shoot your link to some of our clients who are blog fanatics

]]> By: ray http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/comment-page-1/#comment-16882 ray Wed, 14 Mar 2007 00:33:47 +0000 http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/#comment-16882 Thanks, Marc. I have to say I'm not surprised by that at all. Financial problems like this are epidemic in the United States today. I often wonder why we fall for this kind of stuff when the most basic common sense should steer us away from it. I think much of it has to do with the sheer volume of information we take in that tells us we can have it all and have it right now. That and the fact that credit is way to easy to get right now. I wonder if anyone remembers that old saying, "A bird in the hand is worth two in the bush." The idea that things are always going to be much better in the future is so dangerous. The mere fact that people believe this makes it much LESS likely to come true. It makes people far too comfortable in making risky financial decisions. Thanks for visiting and commenting! Thanks, Marc. I have to say I’m not surprised by that at all. Financial problems like this are epidemic in the United States today. I often wonder why we fall for this kind of stuff when the most basic common sense should steer us away from it. I think much of it has to do with the sheer volume of information we take in that tells us we can have it all and have it right now. That and the fact that credit is way to easy to get right now.

I wonder if anyone remembers that old saying, “A bird in the hand is worth two in the bush.” The idea that things are always going to be much better in the future is so dangerous. The mere fact that people believe this makes it much LESS likely to come true. It makes people far too comfortable in making risky financial decisions. Thanks for visiting and commenting!

]]> By: ray http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/comment-page-1/#comment-16878 ray Wed, 14 Mar 2007 00:23:37 +0000 http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/#comment-16878 Another great comment, ETF Guy. Your article also brings up some great points (I'm leaving a comment there, too). The buying a house is always right myth is right up there with the buy as much house as you can myth. With the subprime lending that's been going on for the last few years, a lot of people are finding that the house their mortgage broker told them they can afford is way more than they can handle. Thanks for joining the discussion! Another great comment, ETF Guy. Your article also brings up some great points (I’m leaving a comment there, too). The buying a house is always right myth is right up there with the buy as much house as you can myth. With the subprime lending that’s been going on for the last few years, a lot of people are finding that the house their mortgage broker told them they can afford is way more than they can handle. Thanks for joining the discussion!

]]> By: Marc Chase http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/comment-page-1/#comment-16877 Marc Chase Wed, 14 Mar 2007 00:15:16 +0000 http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/#comment-16877 Excellent sound advice, congrats! I would like to further back your comments in regard to home buying. The amount of people who walk in our doors everyday now because an Option Arm is eating them alive And there is no answer in site…(only hind site) is amazing. People need to be educated and use common sense. Most of us have made these mistakes so I’m not knocking anybody, but too many times have I seen a client with a 4000 mortgage and a 4100 salary. When I ask what they were thinking, they were banking on the housing market going up forever, or an anticipated pay raise. Excellent sound advice, congrats!

I would like to further back your comments in regard to home buying. The amount of people who walk in our doors everyday now because an Option Arm is eating them alive
And there is no answer in site…(only hind site) is amazing.

People need to be educated and use common sense. Most of us have made these mistakes so I’m not knocking anybody, but too many times have I seen a client with a 4000 mortgage and a 4100 salary.

When I ask what they were thinking, they were banking on the housing market going up forever, or an anticipated pay raise.

]]> By: ETF Guy http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/comment-page-1/#comment-16871 ETF Guy Tue, 13 Mar 2007 23:32:25 +0000 http://freshblogger.com/2007/03/are-financial-gurus-worth-listening-to-part-2/#comment-16871 A while back I wrote a post about the myth that buying a house is always right. http://www.etftopics.com/the-buying-a-house-is-always-right-myth/ Basically, I take exception to the belief that you must buy a house just because everyone else is. Instead, I suggest that you look at your situation and really consider renting. Sometimes renting can be much cheaper than buying especially when your area has high property taxes and when you're inclined to buy a place much bigger than what you'd be willing to rent. In addition, renting allows you to be flexible should the need arise. Which isn't to say that I think no one should buy a house, just that it isn't the no-brainer that many people make it out to be. A while back I wrote a post about the myth that buying a house is always right.

http://www.etftopics.com/the-buying-a-house-is-always-right-myth/

Basically, I take exception to the belief that you must buy a house just because everyone else is. Instead, I suggest that you look at your situation and really consider renting. Sometimes renting can be much cheaper than buying especially when your area has high property taxes and when you’re inclined to buy a place much bigger than what you’d be willing to rent. In addition, renting allows you to be flexible should the need arise. Which isn’t to say that I think no one should buy a house, just that it isn’t the no-brainer that many people make it out to be.

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