Comments on: The Wealthy Barber Reviewed by The Financial Blogger http://www.thefinancialblogger.com/the-wealthy-barber-reviewed-by-the-financial-blogger/ This is where your finance takes place Thu, 20 Nov 2008 17:19:43 +0000 http://wordpress.org/?v=abc By: Duncan http://www.thefinancialblogger.com/the-wealthy-barber-reviewed-by-the-financial-blogger/#comment-2126 Duncan Wed, 26 Mar 2008 14:25:17 +0000 http://www.thefinancialblogger.com/the-wealthy-barber-reviewed-by-the-financial-blogger/#comment-2126 Well said! I always maximize my own RRSP contributions as the way I see it, I'd rather keep the money than give it over to the government! The way I ensure I always maximize the contribution (which can be hefty - this year was $19k!) is to take out a 12 month RRSP loan at prime -1%. I know it's a bit of wasted money on the interest, however I'm FORCED to repay the loan each month so I can't procrasinate! I also have a VISA card that gives me 1.5% back on every purchase and allows me to pay down lump sums against my loan in increments of $100.00. With my annual spending, this almost covers the entire amount of interest on the loan. Good luck to you! I've just started my own financial blog and would love any feedback! check it out at http://www.bluecollarfinances.com Well said! I always maximize my own RRSP contributions as the way I see it, I’d rather keep the money than give it over to the government! The way I ensure I always maximize the contribution (which can be hefty - this year was $19k!) is to take out a 12 month RRSP loan at prime -1%. I know it’s a bit of wasted money on the interest, however I’m FORCED to repay the loan each month so I can’t procrasinate! I also have a VISA card that gives me 1.5% back on every purchase and allows me to pay down lump sums against my loan in increments of $100.00. With my annual spending, this almost covers the entire amount of interest on the loan.
Good luck to you! I’ve just started my own financial blog and would love any feedback!
check it out at http://www.bluecollarfinances.com

]]> By: Life Insurance Pro http://www.thefinancialblogger.com/the-wealthy-barber-reviewed-by-the-financial-blogger/#comment-2115 Life Insurance Pro Tue, 25 Mar 2008 01:56:15 +0000 http://www.thefinancialblogger.com/the-wealthy-barber-reviewed-by-the-financial-blogger/#comment-2115 I agree with just about every said. And I recently started my own company, and it's a little harder for me to budget everything myself. Before, I had my employer take out my ten percent and put it in my 401k. Now I have to remember to do it myself, along with paying my own taxes, etc. Very different, and lots more to remember, but I'm very excited for the way things are going. I also really agree with number 2. Get insured. I work in life insurance and I think life insurance is one of the most important investments you could make. It may be an expense at this point, but if you were to die, that expense all of a sudden becomes a huge blessing to the loved ones you leave behind. It can be hard to pay for something that you may never need, but the peace of mind and potential financial protection are worth it. If you're interested in seeing how low prices are for life insurance these days, you can go to any number of online sites. The one I like is http://www.wholesaleinsurance.net. They compare all of the top companies and there is no obligation to apply. You can check it out and see how low the rates are these days. I agree with just about every said. And I recently started my own company, and it’s a little harder for me to budget everything myself. Before, I had my employer take out my ten percent and put it in my 401k. Now I have to remember to do it myself, along with paying my own taxes, etc. Very different, and lots more to remember, but I’m very excited for the way things are going.

I also really agree with number 2. Get insured. I work in life insurance and I think life insurance is one of the most important investments you could make. It may be an expense at this point, but if you were to die, that expense all of a sudden becomes a huge blessing to the loved ones you leave behind. It can be hard to pay for something that you may never need, but the peace of mind and potential financial protection are worth it.

If you’re interested in seeing how low prices are for life insurance these days, you can go to any number of online sites. The one I like is http://www.wholesaleinsurance.net. They compare all of the top companies and there is no obligation to apply. You can check it out and see how low the rates are these days.

]]> By: The Financial Blogger http://www.thefinancialblogger.com/the-wealthy-barber-reviewed-by-the-financial-blogger/#comment-2114 The Financial Blogger Mon, 24 Mar 2008 23:50:18 +0000 http://www.thefinancialblogger.com/the-wealthy-barber-reviewed-by-the-financial-blogger/#comment-2114 CR, I totally agree with you. There is no rocket science behind PF. I found the Wealthy Barber very interesting from its structure and its creativity to explain something that most people consider boring :-) CR,

I totally agree with you. There is no rocket science behind PF. I found the Wealthy Barber very interesting from its structure and its creativity to explain something that most people consider boring :-)

]]> By: Customers Revenge http://www.thefinancialblogger.com/the-wealthy-barber-reviewed-by-the-financial-blogger/#comment-2112 Customers Revenge Mon, 24 Mar 2008 22:02:11 +0000 http://www.thefinancialblogger.com/the-wealthy-barber-reviewed-by-the-financial-blogger/#comment-2112 Save 10% no matter what, that's the rehashed "Richest Man in Babylon" message of every decent PF guru. The add a little here and there. Maybe change the 10% to 20%, or tell you a different place to put the 10% or whatever, but it's all the same. Wealthy barber is one of the best modern ones I find. But you only need one of those kinds of books. I wasted so much time ready Suzy and Latte Factors when it's all the same message. Save 10% no matter what, that’s the rehashed “Richest Man in Babylon” message of every decent PF guru. The add a little here and there. Maybe change the 10% to 20%, or tell you a different place to put the 10% or whatever, but it’s all the same. Wealthy barber is one of the best modern ones I find. But you only need one of those kinds of books. I wasted so much time ready Suzy and Latte Factors when it’s all the same message.

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