Comments on: Canadians Are Not Comfortable In Regards To Their Personal Finance

By: Money Hacks Carnival #31 — Crisis And Bailout | TheOnlyDevice.com

Money Hacks Carnival #31 — Crisis And Bailout | TheOnlyDevice.com — Thu, 09 Oct 2008 17:41:17 +0000

[...] Canadians Are Not Comfortable In Regards To Their Personal Finance at The Financial Blogger. [...]

By: Money Hacks Carnival #31 — Crisis And Bailout : Moolanomy

Money Hacks Carnival #31 — Crisis And Bailout : Moolanomy — Thu, 25 Sep 2008 02:55:46 +0000

[...] Canadians Are Not Comfortable In Regards To Their Personal Finance at The Financial Blogger. [...]

By: Richard

Richard — Wed, 17 Sep 2008 14:27:37 +0000

That is true. The biggest reason so many people don’t listen to the people making the money is because they are “off” a bit. It’s different therefore it is a bad thing. That difference separates the poor from the millionaires. And the millionaires from the billionaires.

And the operative word is SHOULD. I have met several “professionals” that could not work there way out of a paper sack that I had to fix afterwords. And it wasn’t my field at that time either.

By: The Financial Blogger

The Financial Blogger — Wed, 17 Sep 2008 10:44:47 +0000

Richard,

I get your point but technically, you should know a little bit more about your job than somebody that doesn’t work in that field… hopefully

What I was trying to say is that money is so taboo that even if you have a multi millionaire entrepreneur in your family, chances are that nobody will ever listen to his advices on how to make money.

By: Richard

Richard — Wed, 17 Sep 2008 10:13:57 +0000

I have to disagree with you on something TFB, I don’t care if my neighbor is a mechanic or not. If he knows how to fix my problem, I’m happy about it.

My family sees me as a computer guy, not a money man. They don’t listen to anything I have to say and it has cost them over 600/yr in insurance premiums and about $20k plus in excess taxes.

If there is one thing I have learned from my years (few they may be), what your job is has no bearing on what you know or are capable of.

Now, if I can just get them to stop treating me like a scam artist.

By: The Financial Blogger

The Financial Blogger — Wed, 17 Sep 2008 01:27:21 +0000

CD;
At least some people are listening to you
My parents hear me but can’t remember a thing I tell them about their own finance! That is too bad that people around us won’t necessarily listen… I would listen to my neighbor in regards to my car problem if he is a mechanic!

By: Business Loans Guy

Business Loans Guy — Tue, 16 Sep 2008 22:46:18 +0000

I’m with you there, talking to your kids about personal finance and savings is very important indeed and will possibly save them from many headaches

When I first came to the US, I was stunned by peoples compulsive spending behavior, it was truly hard to understand… but time has passed and now I find it hard to stay away from heh..

You are lucky if you ever met someone who isn’t in debt

By: Richard

Richard — Tue, 16 Sep 2008 18:33:03 +0000

I would be careful with giving out advice like that without a license and a full understanding of their situation.

Don’t get me wrong, it is great you are helping your fellow man. However, if the issues in the states will tell you anything, they can sue you if they loose money. Then again, you can sue here for spilling coffee on your self and taking your kids to fast food chains to get fattened up instead of cooking a healthy meal.

Hey, nobody ever said we were the smartest of the bunch.

By: Canadian Dream

Canadian Dream — Tue, 16 Sep 2008 18:22:32 +0000

I’ve started talking with people about my finances about two years ago when I started my blog. I was uncomfortable with it for a while, until the day I was in the National Post which my boss read on the way home from a business trip. Suddenly I was the money guy in the office and I was giving my thoughts on all sorts of ideas and directing people to reading blogs and books. Before you know it most people in my office have index funds in their RRSP’s and an investment account with a divident paying stock or two. It’s good to know I can corrupt others into talking about their money too. *grin*

Tim

By: Richard

Richard — Tue, 16 Sep 2008 15:54:50 +0000

What made those checks worse, they were merely advances on the income tax refund.

If someone is supposed to get a higher refund, that check will be deducted from it. If less, then they got free money.

It is the same with the $7500 tax credit to buy a house now. It is recouped over the years.