Comments on: The Road To Financial Armageddon #2: Early Profits … Lost http://www.thesimpledollar.com/2006/11/01/the-road-to-financial-armageddon-2-early-profits-lost/ 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: igor http://www.thesimpledollar.com/2006/11/01/the-road-to-financial-armageddon-2-early-profits-lost/comment-page-1/#comment-60584 igor Wed, 22 Aug 2007 15:28:49 +0000 http://www.thesimpledollar.com/2006/11/01/old-the-road-to-financial-armageddon-2-early-profits-lost/#comment-60584 What happens when you slam a car into reverse at 80 miles an hour? I always wanted to know. What happens when you slam a car into reverse at 80 miles an hour? I always wanted to know.

]]> By: BigBuddha http://www.thesimpledollar.com/2006/11/01/the-road-to-financial-armageddon-2-early-profits-lost/comment-page-1/#comment-5316 BigBuddha Tue, 06 Feb 2007 01:45:24 +0000 http://www.thesimpledollar.com/2006/11/01/old-the-road-to-financial-armageddon-2-early-profits-lost/#comment-5316 This is such a great read ... I wish when I was younger .. I'm not that old now but anyways .. I wish I had learned the habits of my father and mother ... they came to Australia with nothing but 5 bucks in their pockets and now they live in one of the largest houses in 1 of our cities richest neighbourhoods ... I often think back on the advice my dad always taught gave me and how more often than not I'd just brush it off ... but it was all solid stuff that would have enabled me to have greater wealth than I currently have now, luckily I know the value of his advice now and I'm more than actively putting it into practise. This is such a great read … I wish when I was younger .. I’m not that old now but anyways .. I wish I had learned the habits of my father and mother … they came to Australia with nothing but 5 bucks in their pockets and now they live in one of the largest houses in 1 of our cities richest neighbourhoods …

I often think back on the advice my dad always taught gave me and how more often than not I’d just brush it off … but it was all solid stuff that would have enabled me to have greater wealth than I currently have now, luckily I know the value of his advice now and I’m more than actively putting it into practise.

]]> By: A Retrospective On Financial Mistakes In Your Life http://www.thesimpledollar.com/2006/11/01/the-road-to-financial-armageddon-2-early-profits-lost/comment-page-1/#comment-66 A Retrospective On Financial Mistakes In Your Life Sat, 04 Nov 2006 23:53:52 +0000 http://www.thesimpledollar.com/2006/11/01/old-the-road-to-financial-armageddon-2-early-profits-lost/#comment-66 [...] The Simple Dollar has a series I recommend reading on his life up to now and the financial mistakes he’s made in it. It’s called “The Road to Financial Armageddon,” and while it’s not finished, my guess is it isn’t going anywhere pleasant. You can read the first five parts here: Part One, Part Two, Part Three, Part Four, and Part Five. Essentially what he’s done is outlined the various stages in his life and what financial mistakes he was making at the time. I think that’s probably a good exercise for anyone who isn’t where they want to be financially to do, even if they aren’t a blogger. There’s a reason that while younger people can be smart, generally it’s only older people who are wise. They’ve gone through life, made mistakes, and learned from them. But you can’t become wiser just by aging. You’ve got to sit back and reflect on what you were doing and why it didn’t work out. I particularly like the style in the posts of bolding all the general mistakes he made - it makes them obvious for anyone reading and for the writer, rather than forcing you to read between the lines. If you don’t have enough years under your belt to have made your own mistakes, it’s a good read to see how someone else has gone wrong - and hopefully you can keep yourself from following that path. [...] [...] The Simple Dollar has a series I recommend reading on his life up to now and the financial mistakes he’s made in it. It’s called “The Road to Financial Armageddon,” and while it’s not finished, my guess is it isn’t going anywhere pleasant. You can read the first five parts here: Part One, Part Two, Part Three, Part Four, and Part Five. Essentially what he’s done is outlined the various stages in his life and what financial mistakes he was making at the time. I think that’s probably a good exercise for anyone who isn’t where they want to be financially to do, even if they aren’t a blogger. There’s a reason that while younger people can be smart, generally it’s only older people who are wise. They’ve gone through life, made mistakes, and learned from them. But you can’t become wiser just by aging. You’ve got to sit back and reflect on what you were doing and why it didn’t work out. I particularly like the style in the posts of bolding all the general mistakes he made – it makes them obvious for anyone reading and for the writer, rather than forcing you to read between the lines. If you don’t have enough years under your belt to have made your own mistakes, it’s a good read to see how someone else has gone wrong – and hopefully you can keep yourself from following that path. [...]

]]> By: Golbguru http://www.thesimpledollar.com/2006/11/01/the-road-to-financial-armageddon-2-early-profits-lost/comment-page-1/#comment-28 Golbguru Thu, 02 Nov 2006 01:51:58 +0000 http://www.thesimpledollar.com/2006/11/01/old-the-road-to-financial-armageddon-2-early-profits-lost/#comment-28 "slamming it straight from drive into reverse while going 80 miles an hour" ....you were some kid then !! never shattered your transmission? “slamming it straight from drive into reverse while going 80 miles an hour” ….you were some kid then !! never shattered your transmission?

]]> By: Trent http://www.thesimpledollar.com/2006/11/01/the-road-to-financial-armageddon-2-early-profits-lost/comment-page-1/#comment-26 Trent Wed, 01 Nov 2006 21:42:29 +0000 http://www.thesimpledollar.com/2006/11/01/old-the-road-to-financial-armageddon-2-early-profits-lost/#comment-26 I don't blame my parents at all. There were some extreme exceptional circumstances in my childhood that basically directed some of their choices. I also believe that they didn't want to worry the children with financial concerns - they tried as hard as they could to shield us from some truly desperate financial situations. I never learned to save because my parents never had anything to show me to save, and the reasons for that were often beyond their control. I'm not sure how I would feel if I had been raised in a home with a solid financial base and still had no idea about any sort of money management. I don’t blame my parents at all. There were some extreme exceptional circumstances in my childhood that basically directed some of their choices. I also believe that they didn’t want to worry the children with financial concerns – they tried as hard as they could to shield us from some truly desperate financial situations. I never learned to save because my parents never had anything to show me to save, and the reasons for that were often beyond their control.

I’m not sure how I would feel if I had been raised in a home with a solid financial base and still had no idea about any sort of money management.

]]> By: Maria http://www.thesimpledollar.com/2006/11/01/the-road-to-financial-armageddon-2-early-profits-lost/comment-page-1/#comment-24 Maria Wed, 01 Nov 2006 21:35:58 +0000 http://www.thesimpledollar.com/2006/11/01/old-the-road-to-financial-armageddon-2-early-profits-lost/#comment-24 I know exactly where you are going because I've been there myself. Do you ever blame your parents? I'm trying hard not to do that in my blog because they read it but I sometimes feel as if they didnt do their duty by me. Just a thought. I know exactly where you are going because I’ve been there myself. Do you ever blame your parents? I’m trying hard not to do that in my blog because they read it but I sometimes feel as if they didnt do their duty by me.
Just a thought.

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