Comments on: My first hard lesson on money

By: Frugal

Frugal — Sat, 21 Apr 2007 15:10:47 +0000

Zee Fa,

Good calculation.

Some suggestions (but necessarily truth):
1. Maybe I started schools earlier?
2. Maybe I skipped year(s) in school?
3. Maybe my wife started working earlier than I did?
4. Probably my savings included compounded interest?

By the way, my savings were about the same (but do climb up) throughout the years. When my salary was lower, my expenses were lower too.

I’m just going to say that I’ve worked about 10 years at 33. At 33, I didn’t say whether it was at the end of 33 or at the beginning of 33.

Why all these confusions? Only to protect my own identity, that’s all.

Frugal

P.S. Closing comments on this old post.

By: Zee Fa

Zee Fa — Fri, 13 Apr 2007 08:00:05 +0000

33-yr-old – 9 yrs = 22

So, how did you work at 22 and still spend all that time doing multipled degrees? So how many years you’ve been working fulltime and how much was your salary to save over 300K???

Thanks

By: Frugal

Frugal — Tue, 03 Apr 2007 09:11:24 +0000

ibrahim rashid mohamed,

I completely agree with your comment on money.

By: ibrahim rashid mohamed

ibrahim rashid mohamed — Tue, 20 Mar 2007 08:23:59 +0000

HI IM A KENYAN MEDICAL STUDENT STUDYING IN SUDAN,IVE ALWAYS DREAMT OF MAKING BIG BUCKS.MONEY IS A GATEWAY TO MANY GOOD STUFFS BUT LET IT NOT BE THE GOAL.

By: frugal

frugal — Wed, 23 Aug 2006 15:09:23 +0000

Pat, your advices are VERY good indeed.

By: Pat Johnson

Pat Johnson — Wed, 23 Aug 2006 14:07:00 +0000

The only way to gain wealth other than having it given to you is by “living below your means”. Living below your means ensures that you will continue to acumulate more and more wealth. “Only when you are able to provide for yourself are you able to provide for others”. If you can become independantly wealthy (not having to depend on labor for your income) you can then dedicate as much time as you choose to your favorite charity. Or even as much money as you can afford without digging into your principal that generates your income.

By: duncan robertson

duncan robertson — Fri, 30 Jun 2006 13:13:37 +0000

where is the top of the dow on wave b?

By: frugal

frugal — Wed, 14 Jun 2006 16:03:19 +0000

Yes, Victor. Money is not everything, but simply an aspect of the whole life. Albeit mundane and boring, it’s important as the medium of exchange.

By: Victor

Victor — Wed, 14 Jun 2006 14:44:34 +0000

Yes, a correct mindset towards money is important. If you get it wrong, it will take years for you to reverse the bad implication. I started to have a correct mindsets towards money during the first few years I work. I was glad that I got that right earlier.

By: frugal

frugal — Wed, 10 May 2006 19:11:23 +0000

Thanks for your wise comment. That was also wise of what he or she said. Sometimes, you wish you just could learn certain life lessons earlier than later.
A healthy view on money is very important as you have described. Extreme ways, despising money or clinging to money, will not get you very far.

By: Andrew - Money Supply & Debt Blog

Andrew - Money Supply & Debt Blog — Wed, 10 May 2006 01:21:58 +0000

Someone once told me that if you made a list of all the goals and things you wanted to do, you had to narrow them down to one or two things. If one of those things includes money, you can usually accomplish all of the things on the original list after making the money.

At a young age we are often told that money is bad and that there are better things to pursue.The reality is that money is just a tool of rationing scarce resources, not some evil device of destruction. It allows us to become an expert on something yet use the benefits others have extracted from our expertise to buy a home, take a vacation, or donate to charity.