Comments on: Discovering Your Financial Priorities

By: Wealth vs. Income: What Does it Mean to be Rich?

Wealth vs. Income: What Does it Mean to be Rich? — Thu, 21 Jan 2010 09:03:03 +0000

[...] I personally walk the path of income. Although I wouldn’t mind being wealthy, I’m not nearly as excited by the idea of being (financially) rich as I am by the idea of being financially free. I am content to make an “average” income for the rest of my life, so long as I can live my life in whatever way I choose. [...]

By: Personal Finance Student

Personal Finance Student — Mon, 18 Jan 2010 17:40:43 +0000

I think the key advice is avoiding new debt and living within our means. Good overall advice though.

By: * Weekly Highlights: April 19, 2009

* Weekly Highlights: April 19, 2009 — Wed, 06 May 2009 21:19:43 +0000

[...] — How do you deal with problems? Face them front and center, or turn your face the other way?Discovering Your Financial Priorities at Man vs. Debt — For most people, you simply can’t have everything. The key is the [...]

By: Cherry Blossoms At Branch Brook Park

Cherry Blossoms At Branch Brook Park — Mon, 20 Apr 2009 04:13:06 +0000

[...] Discovering Your Financial Priorities @ Man Vs. Debt [...]

By: Aspiration's Purse

Aspiration's Purse — Thu, 16 Apr 2009 20:04:52 +0000

I know what your wife means with house fever hehe but I have too much debt.

By: Baker

Baker — Thu, 16 Apr 2009 16:21:21 +0000

Cathy – It’s worth a lot! It’s one of the things that is always in the back of my mind, even though deep down I really do feel we are going about it the right way! When I am retired, I want to be able to work only when at at something I desire.

By: Cathy

Cathy — Thu, 16 Apr 2009 16:00:37 +0000

I know it’s a pretty heated subject among many people, but for what it’s worth, I agree with your decision not to put much into retirement while you have so much debt. When I was at the peak of my debt, I made the same decision. I figured if I didn’t get out of debt and keep my credit under control, I wouldn’t have a retirement. I don’t want to be a Walmart checker when I’m 70 years old. Now that I am free of debt, I have all my money available to me, and all that money I used to pay to creditors pays my retirement. I’ve been able to fully fund all my retirement options, every year. I’ve run a number of financial simulators, and I am able to hit all my goals, with some to spare. You and your wife are younger than I am, so you should do even better!

Cathy’s last blog post..Weird Recession Fact: Online Dating Enrollment Up

By: Baker

Baker — Thu, 16 Apr 2009 15:33:25 +0000

@ Tina – Wow! What an awesome story! Thanks for sharing an example of how hard-work and determination pay off in the end. It sounds like your children are extremely lucky to have someone like you who is willing to really sacrifice. I’m glad you can finally add some balance into your life and your story motivates me to stay committed!

By: Tina Fortune

Tina Fortune — Thu, 16 Apr 2009 15:22:44 +0000

Each day I eat Ramen Noodles for lunch and did it for a year without eating out at work. My family and I scrimped and saved and unfortunately, we did not have balance. As a single parent, (receiving NO Child Support), I sacrificed for four years to save for a home. I ended up building and purchasing our home in August 2008 and in March 2009 paid off all of our cc debt that I accumulated. In 2009, I earned a promotion that was equal to my new mortgage (including taxes). So now, I added balance to our lives. My children and I had OUTDATED wardrobes so I added clothing alllowances, monthly stipends for the kids and fun money to the budget. Our tithe increased and all else stayed the same. We are now working on building our savings.

By: Baker

Baker — Thu, 16 Apr 2009 15:19:59 +0000

@ Kelly – I know, I know… Thanks for the kick in the butt. I am going to try and search for some in the next few days! I’d like to prioritize this with the other insurances, as well!

@ Kosmo – Yeah, I’ve researched it some and it would be incredibly cheap for us, too. I just have been putting it off and ignoring it! Don’t worry about the timing by the time she goes to college, I bet that 529 will be back on track!