Comments on: Money Magazine – April 2007

By: Shadox

Shadox — Sat, 31 Mar 2007 03:39:19 +0000

My car is worth less than 10 times the cost of insurance coverage on my cell phone… :-)

By: Bill

Bill — Sat, 31 Mar 2007 02:32:00 +0000

I wouldn’t count home equity, especially if where you live doesn’t have much diversity in employment.

Look at the change in home values in Texas from the early 1980s (oil boom) to the late 1980s (oil bust,

By: Marshall Middle

Marshall Middle — Sat, 31 Mar 2007 01:13:30 +0000

Nice summary of Money articles. Now I won’t have to get the magazine. Do you ever find that these publications have a lot of emphasis on advertising for investments and retirement plans? Do you ever think there is a point when you are saving too much for retirement?

By: Gal Josefsberg

Gal Josefsberg — Sat, 31 Mar 2007 01:02:48 +0000

Does equity I have in my house count as part of my savings toward retirement?

By: Tina

Tina — Fri, 30 Mar 2007 23:05:34 +0000

My husband and I have often used the term ‘enough’ to describe our own financial goals. Enough income to pay the bills and enough emergency savings for an unexpected vet bill or car repair. We haven’t even started on retirement yet, because we’re still working on having ‘enough’. :(

By: Wil

Wil — Fri, 30 Mar 2007 22:06:04 +0000

Personally, even without any assets in the beginning, I’m in favor of pr-nup’s, and so is my wife.

I can also agree somewhat with people who are afraid that they can be married for longer periods of time and after a divorce, they have no protection.

My advice: Have the attorney draw up the document so that it fades away after several years, in a tiered fashion. My thought is, if you are willing to stick through it for 25 or more years, you deserve SOMETHING!