Comments on: Stop Acting Rich

By: Minneapolis Real Estate

Minneapolis Real Estate — Tue, 02 Feb 2010 13:36:26 +0000

The premise of the book is correct. Now with the market downturn, there is no way out for many that are over extended. It is a lot easier to go down quickly when you have a huge home and the obligations that go with it. Living at 90% instead of 110% is the key. You’ll be a lot happier and a lot less stressed.

By: Rob Minton

Rob Minton — Tue, 02 Feb 2010 10:56:11 +0000

John,

Thanks for your comment. I love the small house can hold as much love as a big house line!

Rob

By: uberVU - social comments

uberVU - social comments — Tue, 02 Feb 2010 02:36:31 +0000

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By: Heather Peck

Heather Peck — Mon, 01 Feb 2010 22:21:25 +0000

I think this is very wise advice, some we should all pay closer attention to.

By: Pat Guttery

Pat Guttery — Mon, 01 Feb 2010 18:45:32 +0000

Excellent article. Goes right along side Dave Ramsey. Excellent information. I am in that big house now and just put it up for sale.

By: James Sanson

James Sanson — Mon, 01 Feb 2010 18:44:41 +0000

I would agree too. We have been educating our clients to 1st accept the Jones have the same money as they do and maybe worse problems. We are challenging them to actually think. The Jones work for the same company and earn the same money, but have more expensive things, so how is this possible (income – those things = something). Then we are working the mindset of income – savings and charity (forced) = available spending. Then with the available spending we are then focusing on envelope budgeting. This is tough for people. We want them to have financial savings and investing goals. Then we want them to design their lives around that. We also want them getting in at least one healthy vacation a year.

By: John OHare

John OHare — Mon, 01 Feb 2010 17:42:08 +0000

Trips are not free…but they don’t HAVE to be expensive. Camping trips are fun, memorable, and inexpensive.

BTW, “A small house can hold as much love as a big house”.

By: Mike Holloway

Mike Holloway — Mon, 01 Feb 2010 17:19:38 +0000

Ron has a good point, but this underscores even more the need to use restraint when it comes to accumulating “things”. Travel and experiences outside the daily routine can only be afforded if we have disposable income to pay for it. If you buy a house above your means, you better like it, because you are going to spend a lot of time staying home!

By: Ron Borg

Ron Borg — Mon, 01 Feb 2010 16:56:47 +0000

I would agree with everything here except that “life experiences are free”. While its true that most things won’t make you happy in the long run, I can definitely say, that our most memorable experiences have mostly involved trips. And these days, trips are most definitely, not free!