Comments on: Why Investing Hypes Never Work

By: FIRE Finance

FIRE Finance — Sun, 08 Oct 2006 16:12:30 +0000

Carnivals – Carnival of Personal Finance #66 …….

Last week, the Carnival of Personal Finance #66 was hosted by FreeMoneyFinance. It was a great carnival of information sharing with around 47 great quality posts.Our post Investing Riding the Recession with Awareness, Planning and Investment was pu….

By: Free Money Finance

Free Money Finance — Mon, 18 Sep 2006 00:05:57 +0000

Carnival of Personal Finance…

Welcome to this week’s edition of the Carnival of Personal Finance. I’m sticking with my usual method of hosting a carnival — listing a summary of each piece with the author’s reason for submitting the post to the carnival (for…

By: Frugal

Frugal — Fri, 15 Sep 2006 15:29:37 +0000

Shuchetana,
Thanks for your encouraging words. I really appreciate it.

By: shuchetana

shuchetana — Fri, 15 Sep 2006 15:18:07 +0000

Interesting conversation
Yup, I agree with the bit about those trying to achieve materialistic success being jealous of those who are already successful. I think it stems partly from jealousy, and mainly because they wish they were already successful without such painful effort.
I write a blog with advice and self-help kind of articles, and I think part of the reason why many people don’t seek advice is similar to the reason why many people don’t like to admit that they are trying to get wealthy, and are jealous of the people who are already wealthy: they wish it were effortless, and feel ashamed that they have to try. It’s like, you can write a book about how to make friends, but people will be ashamed to buy it because they wish they were naturally friendly.
Sorry to go off on a slight tangent here.
And frugal, I can certainly empathise with you job-blog-family stress, I’m going through something similar too. I just wish I could make more time to write…

By: Frugal

Frugal — Thu, 14 Sep 2006 17:35:51 +0000

Million thanks for your encouragement, Larry. Normally I don’t really care how others think about me. On this blog, it has been a little more testing on me. Since the readers are from all over the world, and there are always people smarter and more knowledgeable than I am, I’m subjected to a higher than normal scrutiny on all of my writing. And what makes the matter worse is that I don’t have much time to write quality articles (due to my family) for the blog. While I’m doing really my best of the best, occasionally it is discouraging to get hit by a more negative comment.

In any case, I just try to stay awake between my job, family, blogging, and a dirty diaper at 6am everyday from my small baby, .

By: Larry Nusbaum

Larry Nusbaum — Thu, 14 Sep 2006 15:17:32 +0000

Repeat after me: “money is important and it is also the “scorecard” for success in a capitalistic economy. How you handle it is another matter”.
I have no problem with your blog name at all. Moreover, I am the type that hopes everyone reaches their financial goals. And, I felt that way as a broker at Lehman Brothers (San Francisco) when I was doing just fine in a very competitive office. I really wished well for others.
And, om my blog (and in articles or radio appearances)I do not care what others think of me. I care (teach) people how to think of themselves.
Free yourself of the burden of how you appear to the world.

By: Frugal

Frugal — Thu, 14 Sep 2006 14:32:10 +0000

Larry, You have such good insights again. Truly you have a lot of wisdom and practical knowledge to be shared. Love your blog at Millionaire Now, and your comments here. I definitely feel the slight or hidden jealousy here at my blog all the time. The materially rich people like you usually are friendly and commend my efforts at my blog. And then the males who are closer to my status (if there is any) or my age are less forgiving sometimes. All the while, I don't mean any harm to them, but simply want to provide my humble, and hopefully useful readings to them. I am beginning to think that having this name for my blog is a mistake. I am really a simple minded person. Money to me is important, but it's just money. It's got nothing to do with me as a person. So I never thought about what others may think about me as a person when I started this blog using this name. I think I get more rejections than approvals from bloggers and readers when I'm using this blog name. A little too bad.

By: Larry Nusbaum

Larry Nusbaum — Thu, 14 Sep 2006 13:41:34 +0000

I read your definition. It’s an instructive discussion. As a society we grow up wanting to become “wealthy”, sometimes at any cost. Immigrants from all over the world have been drawn here for the opportunity to be wealthy, if not for them then for their children.
But, people simply are not prepared for when it happens. They have had no formal training and usually blow it. But, more interesting is the fact that on their path to wealth they really dislike the way rich people act and live. Could it be jealousy? Yup. They may be looking at the wrong role models of the wealthy. In fact, most wealthy people who are humble about their wealth will never let you know the have it. I want to be somewhere in the middle of those two extremes.

By: Frugal

Frugal — Thu, 14 Sep 2006 05:32:42 +0000

I certainly think that being wealthy is much better & important than being rich with just money, . Not sure if you read my post on definition of being wealthy.

By: Larry Nusbaum

Larry Nusbaum — Thu, 14 Sep 2006 04:11:25 +0000

I live in Scottsdale, AZ, the Beverly Hills of the Southwest. There are two types of wealthy people here: The ones with money and the ones without. I’ll let you figure out what that means

By: Frugal

Frugal — Thu, 14 Sep 2006 02:07:46 +0000

Larry,
You have an excellent point about the difference between rich & wealthy. I have a post on definition of being wealthy. Please check it out when you can. I did not want to mention that post because I was afraid to confuse people on an already very complicate argument that I’m trying to make in this post.
I’ve done a trackback above. Or you can just click on the link.

By: My 1st Million At 33

My 1st Million At 33 — Thu, 14 Sep 2006 02:06:26 +0000

Definition of Being Wealthy…

What is the definition of being wealthy? I looked up this word at several places. Here is what I found:

Marked by abundance, from http://www.dictionary.com
An individual who is wealthy or rich is someone who has accumulated substantial wealth relative to ot…

By: Larry Nusbaum

Larry Nusbaum — Thu, 14 Sep 2006 00:56:04 +0000

Do not worry about “rich”. It’s just a word. Ask 1000 people and you get 1100 answers. Get organzied and get a plan. Decide what you think rich means and what values go with it and then begin the journey. I may be rich……in another person’s mind but not in my own. Also, I amy be rich but not wealthy….