Comments on: The Road To Financial Armageddon #1: The Earliest Mistakes http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/ Simple, applicable personal finance advice for the modern world Fri, 10 Feb 2012 08:34:37 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: paresh sardar http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-2/#comment-927399 paresh sardar Thu, 14 Oct 2010 13:40:22 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-927399 i appreciate your bravery & passion of doing this on your own..it's very influencial too see it..keep it up.. i appreciate your bravery & passion of doing this on your own..it’s very influencial too see it..keep it up..

]]> By: julia http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-2/#comment-924715 julia Thu, 16 Sep 2010 08:57:09 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-924715 well,this is very good pionion,i will suggestion this good ideal to do . well,this is very good pionion,i will suggestion this good ideal to do .

]]> By: Carol http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-2/#comment-922416 Carol Thu, 26 Aug 2010 13:34:29 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-922416 I just wanted to comment regarding the first comment...people in depression era, with NO money at all, often live making few money mistakes, but those raised in poverty and by poverty I am talking about more than just lack of money..it is all encompassing, about culture and ideas,many people born in poverty will make the same mistakes as their parents and on and on until someone understands the issues and makes a change. This is so profoundly deep and why it is so hard to change. here is a quote. Poverty is not just a condition of not having enough money. It is a realm of particular rules, emotions, and knowledge that override all other ways of building relationships and making a life. This book was written as a guide and exercise book for middle-class teachers, who often don't connect with their impoverished students--largely because they don't understand the hidden rules of poverty In the same way, poor children misconnect with school because they don't understand the hidden rules of middle-class life. Ruby Payne, a former teacher and principal who has been a member of all three of the economic cultures of our time (poor, middle-class, and wealthy) compassionately and dispassionately describes the hidden rules and knowledge of each. I think it's useful not just for educators, but for anyone who has to deal with people of different backgrounds. Having read it, I feel a lot more confident about dealing with people as people, not as representatives of their social class. Especially noteworthy is the Could you survive? quiz on page 53. For example, can you keep your clothes from being stolen at the laundromat, or entertain friends with stories? (That's essential knowledge for the world of the poor.) Can you get a library card or use a credit card? (Essential for middle-class life.) Can you ensure loyalty from a household staff, or build a wall of privacy and inaccessibility around you? (Essential knowledge for wealth.) Every class assumes that their knowledge is known by everyone, which is one reason they assume that people in other classes don't & get it. I also appreciate the telling point about upward mobility in America: It's possible for anyone to shift classes, but only at the price of leaving behind your existing personal relationships. One sign of A Framework's value is the way that educators who grew up in poverty from a variety of ethnic backgrounds, embrace this book. --Whole Earth, Art Kleiner, [former editor] I just wanted to comment regarding the first comment…people in depression era, with NO money at all, often live making few money mistakes, but those raised in poverty and by poverty I am talking about more than just lack of money..it is all encompassing, about culture and ideas,many people born in poverty will make the same mistakes as their parents and on and on until someone understands the issues and makes a change. This is so profoundly deep and why it is so hard to change. here is a quote.

Poverty is not just a condition of not having enough money. It is a realm of particular rules, emotions, and knowledge that override all other ways of building relationships and making a life. This book was written as a guide and exercise book for middle-class teachers, who often don’t connect with their impoverished students–largely because they don’t understand the hidden rules of poverty In the same way, poor children misconnect with school because they don’t understand the hidden rules of middle-class life. Ruby Payne, a former teacher and principal who has been a member of all three of the economic cultures of our time (poor, middle-class, and wealthy) compassionately and dispassionately describes the hidden rules and knowledge of each. I think it’s useful not just for educators, but for anyone who has to deal with people of different backgrounds. Having read it, I feel a lot more confident about dealing with people as people, not as representatives of their social class. Especially noteworthy is the Could you survive? quiz on page 53. For example, can you keep your clothes from being stolen at the laundromat, or entertain friends with stories? (That’s essential knowledge for the world of the poor.) Can you get a library card or use a credit card? (Essential for middle-class life.) Can you ensure loyalty from a household staff, or build a wall of privacy and inaccessibility around you? (Essential knowledge for wealth.) Every class assumes that their knowledge is known by everyone, which is one reason they assume that people in other classes don’t & get it. I also appreciate the telling point about upward mobility in America: It’s possible for anyone to shift classes, but only at the price of leaving behind your existing personal relationships. One sign of A Framework’s value is the way that educators who grew up in poverty from a variety of ethnic backgrounds, embrace this book. –Whole Earth, Art Kleiner, [former editor]

]]> By: Rick http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-2/#comment-920132 Rick Thu, 05 Aug 2010 17:52:03 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-920132 Trent...how do I send an email to you as opposed to doing a comment on the website. I'd rather not post my question to you for the world to read. Certainly, you'd be welcome to extract situational info to use for the benefit of your blog. But, I have a couple of questions to ask. Please advise at your earliest convenience. rick Trent…how do I send an email to you as opposed to doing a comment on the website. I’d rather not post my question to you for the world to read. Certainly, you’d be welcome to extract situational info to use for the benefit of your blog. But, I have a couple of questions to ask.

Please advise at your earliest convenience.

rick

]]> By: FinancialBondage http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-2/#comment-913381 FinancialBondage Thu, 03 Jun 2010 00:13:38 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-913381 I was not brought up in poverty. I had what I wanted and needed. but we were not rich either. Working middle class. But no one taught me how to do the money thing. I learned the hard way like most boomers. I was not brought up in poverty. I had what I wanted and needed. but we were not rich either. Working middle class. But no one taught me how to do the money thing. I learned the hard way like most boomers.

]]> By: David http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-909715 David Mon, 03 May 2010 01:33:21 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-909715 Very good comments here! I try to keep up with a lot of financial sites. One that i found that is really helpful as well with personal finance issues is www.myfinancedoctor.com. Very good comments here! I try to keep up with a lot of financial sites. One that i found that is really helpful as well with personal finance issues is http://www.myfinancedoctor.com.

]]> By: Kevin http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-833933 Kevin Wed, 23 Dec 2009 13:02:24 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-833933 Really <em>interesting</em> post! Thanks, Trent. Really interesting post! Thanks, Trent.

]]> By: Liz http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-832937 Liz Mon, 21 Dec 2009 04:39:37 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-832937 I'm just starting to read this site: I found it via zenhabits.net. So far this is probably the most interesting and frank thing I've seen on the web in a good while. Nice job. I appreciate the amount of thought that went into this, and how deeply you dug. I’m just starting to read this site: I found it via zenhabits.net. So far this is probably the most interesting and frank thing I’ve seen on the web in a good while. Nice job. I appreciate the amount of thought that went into this, and how deeply you dug.

]]> By: RB @ Financial Samurai http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-759534 RB @ Financial Samurai Sat, 22 Aug 2009 02:06:42 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-759534 Good stuff Trent. Thanks for sharing. If you come from poverty, you must be doing incredibly well with the income generated from this site. Poverty gives great perspective, and makes people appreciate money more in my opinion. Good stuff Trent. Thanks for sharing. If you come from poverty, you must be doing incredibly well with the income generated from this site. Poverty gives great perspective, and makes people appreciate money more in my opinion.

]]> By: Tara Bartee http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-731473 Tara Bartee Sun, 19 Jul 2009 20:53:38 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-731473 My dad grew up in a household that struggled through the depression. My mom grew up in a household of feast and famine. My dad valued status, and behaved as if his credit limits were cash on hand. My mom had better sense, but did respond when Sears told her she could spend $xxx and still have the same payment. It took me until my late 50s to overcome the lessons learned at home. I am in pretty good shape now, and really appreciate this site for helping me keep my head on straight. Thanks My dad grew up in a household that struggled through the depression. My mom grew up in a household of feast and famine. My dad valued status, and behaved as if his credit limits were cash on hand. My mom had better sense, but did respond when Sears told her she could spend $xxx and still have the same payment. It took me until my late 50s to overcome the lessons learned at home.

I am in pretty good shape now, and really appreciate this site for helping me keep my head on straight. Thanks

]]> By: Trina http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-731343 Trina Sun, 19 Jul 2009 16:35:50 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-731343 Congratulations Trent on turning a bad situation into a positive and getting your financial situation in order. What I just read describes my husband to a T. He also grew up without money and learned to never ask or accept help. He's now 40 and still walks around with an empty wallet between paychecks because it's impossible for him to save even a dollar. He pays his share of our household bills but as far as saving the rest goes he's a total victim of his childhood. I was raised middle class by parents who grew up poor and I was taught at an early age to save, save, save. For 10yrs I tried to get my husband to do the same to no avail. That and other issues have put us on the road to divorce. Although we're separated I still hope that one day he'll eventually learn to live for the future instead of waiting for that next big windfall to buy a little happiness. By the way, I haven't always saved, I admit that I sometimes got caught up in his spending sprees and when I found myself $20,000 in credit card debt, I quickly woke up, paid off my debt with the help of a credit counseling program and never looked back. I've been reading your articles off and on for about two yrs and you have provided some great information and tips. Thank you and keep up the great work. Congratulations Trent on turning a bad situation into a positive and getting your financial situation in order.

What I just read describes my husband to a T. He also grew up without money and learned to never ask or accept help.

He’s now 40 and still walks around with an empty wallet between paychecks because it’s impossible for him to save even a dollar. He pays his share of our household bills but as far as saving the rest goes he’s a total victim of his childhood.
I was raised middle class by parents who grew up poor and I was taught at an early age to save, save, save. For 10yrs I tried to get my husband to do the same to no avail. That and other issues have put us on the road to divorce.
Although we’re separated I still hope that one day he’ll eventually learn to live for the future instead of waiting for that next big windfall to buy a little happiness.
By the way, I haven’t always saved, I admit that I sometimes got caught up in his spending sprees and when I found myself $20,000 in credit card debt, I quickly woke up, paid off my debt with the help of a credit counseling program and never looked back.
I’ve been reading your articles off and on for about two yrs and you have provided some great information and tips. Thank you and keep up the great work.

]]> By: Lucy Valderez http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-719702 Lucy Valderez Tue, 07 Jul 2009 04:45:33 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-719702 I also grew up an impoverished child in rural Iowa. I'm glad that you have used your background as a forefront for a more frugal lifestyle. You bring a great sense of pride to your fellow Iowans. Unfortunately, things didn't work out so nicely for me and mine. Even after packing lunches for road trips, consolidating my loans, and repairing my clothing instead of replacing them, a bout with cholera wiped out most of my nine brothers and sisters. Destitute and wracked with illness, my sister Lolita and I were sent to Des Moines for medical experiments so our parents could save enough money to send us to a special school where we could learn how to retread tires. Thanks for nothing. Sincerely yours, Lucy Valderez I also grew up an impoverished child in rural Iowa. I’m glad that you have used your background as a forefront for a more frugal lifestyle. You bring a great sense of pride to your fellow Iowans. Unfortunately, things didn’t work out so nicely for me and mine. Even after packing lunches for road trips, consolidating my loans, and repairing my clothing instead of replacing them, a bout with cholera wiped out most of my nine brothers and sisters. Destitute and wracked with illness, my sister Lolita and I were sent to Des Moines for medical experiments so our parents could save enough money to send us to a special school where we could learn how to retread tires. Thanks for nothing.
Sincerely yours,
Lucy Valderez

]]> By: Sue http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-666033 Sue Mon, 18 May 2009 18:01:31 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-666033 This is a great recipe, and fun too. What I did to get rid of the big slim goop, the next moring I use my hand mixer. That left me with a nice thick liquid. This is a great recipe, and fun too. What I did to get rid of the big slim goop, the next moring I use my hand mixer. That left me with a nice thick liquid.

]]> By: Steve Sherron http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-634865 Steve Sherron Mon, 20 Apr 2009 22:06:00 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-634865 Too bad Christine doesn't post her blog so we can grade her on her writing abilities. Her comments were too wordy for me. Too bad Christine doesn’t post her blog so we can grade her on her writing abilities. Her comments were too wordy for me.

]]> By: JB http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-634771 JB Mon, 20 Apr 2009 20:43:24 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-634771 I think introspection is a powerful tool to achieve change in one's life. All too often, many people either do not take the time to reflect due to the fast-paced lifestyle they live or refuse to do so because of fear, anger or any other emotion that they might encounter if they started to peel back the layers to understand why they do the things that they do. I've followed The Simple Dollar for some time now. It is interesting to see how things started for you as a writer and financially. Thanks for the post and the encouragement to make changes in my own life. I think introspection is a powerful tool to achieve change in one’s life. All too often, many people either do not take the time to reflect due to the fast-paced lifestyle they live or refuse to do so because of fear, anger or any other emotion that they might encounter if they started to peel back the layers to understand why they do the things that they do. I’ve followed The Simple Dollar for some time now. It is interesting to see how things started for you as a writer and financially. Thanks for the post and the encouragement to make changes in my own life.

]]> By: Angela http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-633147 Angela Sun, 19 Apr 2009 16:03:34 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-633147 Wow, you could have been writing about my childhood too. Even now my husband and I use WIC and my Mother still gets upset about it. It allows us to do other nice things for our children but she just sees it as a shameful. Oh well.... Wow, you could have been writing about my childhood too. Even now my husband and I use WIC and my Mother still gets upset about it. It allows us to do other nice things for our children but she just sees it as a shameful. Oh well….

]]> By: Christine http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-601456 Christine Mon, 30 Mar 2009 14:36:50 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-601456 Trent- I've really enjoyed your articles; you not only discuss saving money, you touch on other interesting subjects, too. I know from reading your story that you started this blog because you wanted to write. May I make a suggestion? You're a mite wordy. For example, cut out some of the "I tend to..." and just say "I...". Also, on the above post, you wrote, "It wasn't long before I found myself maturing into my teenage years...", when "As a teenager..." would have sufficed. I feel your articles would be even more enjoyable to read than they already are if some of the wordiness was cut out. P.S. Congratulations on your Toyota purchase! I'm a loyal Toyota consumer myself. Trent- I’ve really enjoyed your articles; you not only discuss saving money, you touch on other interesting subjects, too. I know from reading your story that you started this blog because you wanted to write. May I make a suggestion? You’re a mite wordy. For example, cut out some of the “I tend to…” and just say “I…”. Also, on the above post, you wrote, “It wasn’t long before I found myself maturing into my teenage years…”, when “As a teenager…” would have sufficed. I feel your articles would be even more enjoyable to read than they already are if some of the wordiness was cut out.
P.S. Congratulations on your Toyota purchase! I’m a loyal Toyota consumer myself.

]]> By: Hot Coupons http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-592139 Hot Coupons Wed, 25 Mar 2009 11:26:14 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-592139 I agree with you that I believed that accepting help from anyone was bad. I was also born in a poor famliy. When I was a little child and I alomost have no money. Before I graduated from college, all my money come from my parents. After I graduated and work, i have my own money. I am very careful about spending money. I don't do any investment but put all savings in bank. I am happy when I spend my own money. I agree with you that I believed that accepting help from anyone was bad. I was also born in a poor famliy. When I was a little child and I alomost have no money. Before I graduated from college, all my money come from my parents. After I graduated and work, i have my own money. I am very careful about spending money. I don’t do any investment but put all savings in bank. I am happy when I spend my own money.

]]> By: Jane FairlyPrice http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-573965 Jane FairlyPrice Sun, 15 Mar 2009 12:32:37 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-573965 I visit your site every day. So of course I had to see where it all started. I honestly think this post is great. let post more great topic! I visit your site every day. So of course I had to see where it all started. I honestly think this post is great. let post more great topic!

]]> By: Millionaire Acts http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/comment-page-1/#comment-548755 Millionaire Acts Tue, 03 Mar 2009 08:22:29 +0000 http://www.thesimpledollar.com/2006/10/31/the-road-to-financial-armageddon-1-the-earliest-mistakes/#comment-548755 I agree with one of the comments. People who did not experience poverty or any kind of hardship will tend to spend lavishly if they, say for example, won the lotto or received any cash windfall. In contrast, people who really work hard to earn their money will turn out to be better in managing their finances. I agree with one of the comments. People who did not experience poverty or any kind of hardship will tend to spend lavishly if they, say for example, won the lotto or received any cash windfall.

In contrast, people who really work hard to earn their money will turn out to be better in managing their finances.

]]>