Comments on: Rewriting Money’s 25 Rules: A Summary http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/ Simple, applicable personal finance advice for the modern world Sat, 21 Nov 2009 16:34:04 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: rodgerlvu http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/comment-page-1/#comment-663153 rodgerlvu Fri, 15 May 2009 07:37:18 +0000 http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/#comment-663153 I would add to number 8 no cares more about your money than you. Buy some classic investing books (anything written more than 20 years ago) if it’s still in print it’s worth reading. I would add to number 8 no cares more about your money than you. Buy some classic investing books (anything written more than 20 years ago) if it’s still in print it’s worth reading.

]]> By: Matt http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/comment-page-1/#comment-270610 Matt Wed, 07 May 2008 03:36:12 +0000 http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/#comment-270610 Excellent set of rules, some of which have been previously handed down to me by the wiser older people in my life. Great for those starting out especially. Regarding investing money beyond your 401k match, i believe the roth is a better vehicle in that the tax savings is greater with roth depending on your retirement tax bracket. Please correct my if I am misled. Excellent set of rules, some of which have been previously handed down to me by the wiser older people in my life. Great for those starting out especially. Regarding investing money beyond your 401k match, i believe the roth is a better vehicle in that the tax savings is greater with roth depending on your retirement tax bracket. Please correct my if I am misled.

]]> By: Julie http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/comment-page-1/#comment-48767 Julie Sat, 21 Jul 2007 00:00:45 +0000 http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/#comment-48767 I'd amend #25 to include products that are later found to have significant problems. We bought our Neptune washer thinking we were getting top of the line. Four years later, there are tons of posts online about how they break down at year five instead of the fifteen that the manufacturer claims. The three year warranty is $80. The basic service call is $125. I’d amend #25 to include products that are later found to have significant problems. We bought our Neptune washer thinking we were getting top of the line. Four years later, there are tons of posts online about how they break down at year five instead of the fifteen that the manufacturer claims. The three year warranty is $80. The basic service call is $125.

]]> By: lightitup http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/comment-page-1/#comment-32032 lightitup Tue, 05 Jun 2007 13:26:36 +0000 http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/#comment-32032 Hello Trent, I would like to commend you for the article on 25rules to grow rich by. It was concise, timely and well thought out. I especially loved the rewritten rule especially on determining the percentage of my savings that should be in a stock portfolio. I believe it takes sheer determination to live frugally and invest wisely. In my country Nigeria, where an individual lives below $1 daily, one needs this kind of timely information. Within Nigeria, living expenses are lower in terms of basic necessities. I work with a multinational company and earn within the range of $20,000 - $35,000. I have worked for the past two years and I have been able to invest 90% of my monthly income within the stock market. Hello Trent, I would like to commend you for the article on 25rules to grow rich by. It was concise, timely and well thought out. I especially loved the rewritten rule especially on determining the percentage of my savings that should be in a stock portfolio. I believe it takes sheer determination to live frugally and invest wisely. In my country Nigeria, where an individual lives below $1 daily, one needs this kind of timely information. Within Nigeria, living expenses are lower in terms of basic necessities. I work with a multinational company and earn within the range of $20,000 – $35,000. I have worked for the past two years and I have been able to invest 90% of my monthly income within the stock market.

]]> By: Chris - 24 http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/comment-page-1/#comment-27037 Chris - 24 Sat, 19 May 2007 10:18:35 +0000 http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/#comment-27037 I was wondering if you could go into more detail on 401k vs. IRA investment. I think everyone understands that obtaining at least the 401k employee match is free money, but what considerations should you make between continuing to fund your 401k vs funding your IRA. If one were to assume they would exceed the income limits for a Roth in a few years, does it still make sense to open/fund one? Your blog has a great style, I look forward to reading it every day. I was wondering if you could go into more detail on 401k vs. IRA investment. I think everyone understands that obtaining at least the 401k employee match is free money, but what considerations should you make between continuing to fund your 401k vs funding your IRA. If one were to assume they would exceed the income limits for a Roth in a few years, does it still make sense to open/fund one?

Your blog has a great style, I look forward to reading it every day.

]]> By: limeade http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/comment-page-1/#comment-26974 limeade Sat, 19 May 2007 03:28:57 +0000 http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/#comment-26974 I reviewed this article as well. It's in my post, <a href="http://fiscalmusings.blogspot.com/2007/04/i-read-article-today-on-cnn-money.html" rel="nofollow">Play by the rules...?</a> that I wrote a while ago. Nice take on them. -limeade I reviewed this article as well. It’s in my post, Play by the rules…? that I wrote a while ago. Nice take on them.

-limeade

]]> By: Rob in Madrid http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/comment-page-1/#comment-26856 Rob in Madrid Fri, 18 May 2007 19:35:15 +0000 http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/#comment-26856 I would add to number 8 no cares more about your money than you. Buy some classic investing books (anything written more than 20 years ago) if it's still in print it's worth reading. I would add to number 8 no cares more about your money than you. Buy some classic investing books (anything written more than 20 years ago) if it’s still in print it’s worth reading.

]]> By: dr kanth http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/comment-page-1/#comment-2667 dr kanth Sat, 06 Jan 2007 08:28:21 +0000 http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/#comment-2667 Thanks a ton for reviewing those rules. I very much agree on the bit about not blindly following the financial media. In your review of PF books, could you take a look at 'the wealthy barber' by David Chilton? I feel it's a sound book but less preachy compared to the others. Would like to hear your views on it. Thanks a ton for reviewing those rules. I very much agree on the bit about not blindly following the financial media. In your review of PF books, could you take a look at ‘the wealthy barber’ by David Chilton? I feel it’s a sound book but less preachy compared to the others. Would like to hear your views on it.

]]> By: Joe http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/comment-page-1/#comment-2530 Joe Wed, 03 Jan 2007 23:06:25 +0000 http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/#comment-2530 Fantastic set of rules Trent; if you don't mind, I'm going to have one of our people reference it in a post tomorrow. Fantastic set of rules Trent; if you don’t mind, I’m going to have one of our people reference it in a post tomorrow.

]]> By: moneysmartlife http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/comment-page-1/#comment-1164 moneysmartlife Fri, 15 Dec 2006 20:29:19 +0000 http://www.thesimpledollar.com/2006/12/15/rewriting-moneys-25-rules-a-summary/#comment-1164 Thanks for reviewing all these rules for us! Now what you need is two volunteers, one to follow the Money set of rules and one to follow your re-written rules. Whoever has more money at the end of a certain number of years will tell us which set of rules works best! Thanks for reviewing all these rules for us!

Now what you need is two volunteers, one to follow the Money set of rules and one to follow your re-written rules. Whoever has more money at the end of a certain number of years will tell us which set of rules works best!

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