Rob Base 2.0
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Post by Rob Base 2.0 on Jun 1, 2017 10:06:24 GMT -5
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Deleted
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Post by Deleted on Jun 2, 2017 9:04:08 GMT -5
His statistics on the % of people who actually get counseling and agree to make changes (2-6%) is pretty sad but it's consistent with what a friend who does similar work told me. There's always a reason they HAVE to have the $100+ cable bundle, 4 phones with an unlimited data plan and regular manicures and pedicures.
The other good excuse is that the stock market is rigged and the high rollers have an inside track. Both are true to some extent, but it sure beats CDs.
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Rob Base 2.0
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Post by Rob Base 2.0 on Jun 2, 2017 13:18:02 GMT -5
The thing I found interested by was his idea that if you really wanted to help people you should charge them and NOT give them free financial advice. Since they would be more likely to implement the advice if they paid for it.
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busymom
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Why is the rum always gone? Oh...that's why.
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Post by busymom on Jun 2, 2017 14:41:46 GMT -5
I agree with his rant that people will make a million excuses for not changing their bad money habits. Yes, some people DO go through periods of bad luck, BUT, it doesn't last forever. When life is going good is when you need to be squirreling away money for "some day". Because, that "some day" is going to get here faster than you can ever imagine!
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Malarky
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Truth and snark are equal opportunity here.
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Post by Malarky on Jun 2, 2017 14:49:51 GMT -5
Saving money and being financially savvy is like dieting.
I want to be thin and healthy but I really want that donut.
I want to be financially secure but I want new shoes and I don't feel like cooking tonight.
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Deleted
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Post by Deleted on Jun 2, 2017 16:10:30 GMT -5
The thing I found interested by was his idea that if you really wanted to help people you should charge them and NOT give them free financial advice. Since they would be more likely to implement the advice if they paid for it. This is consistent with what I heard from the Dave Ramsey people when I wanted to have Financial Peace U. at our church. We'd had a particularly discouraging pledge season, and I figured maybe it would help them set priorities for saving, spending and giving. The class is $99 per person or for a couple. I asked about getting more people to sign up by funding "scholarships" and they said the course was more effective if people paid for it themselves. We had only two sign-ups: a single and a couple. I was really disappointed- I worked hard to publicize it and talk it up. I ended up not having the class at all. |
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tskeeter
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Post by tskeeter on Jun 2, 2017 18:12:32 GMT -5
The thing I found interested by was his idea that if you really wanted to help people you should charge them and NOT give them free financial advice. Since they would be more likely to implement the advice if they paid for it. I find that the value most people place on things is proportional to the effort/money they have to invest to get something. Like the kid whose new bike was stolen when she left it laying in the front yard. Because the child was from a low income family, the bike had been provided by local social service organization. The kid wasn't upset by the theft. Her attitude was someone will give me another bike, so there is no reason to get upset. Sure as shooting, the next bike will quickly meet a fate similar to the last one because the kid and her mother have no investment in acquiring the bike. Therefore, the bike has no significant value to the kid and the bike gets cared for as if it has no value. |
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tskeeter
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Post by tskeeter on Jun 2, 2017 18:22:16 GMT -5
I think the stats in this article show that there are degrees of dissatisfaction that people have with their lives. And the very few people are so dissatisfied that they will expend any of their own effort to change their lives. But, if they can get someone else to improve their life without making much effort themselves ... |
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NastyWoman
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Post by NastyWoman on Jun 2, 2017 19:04:37 GMT -5
Saving money and being financially savvy is like dieting. I want to be thin and healthy but I really want that donut. I want to be financially secure but I want new shoes and I don't feel like cooking tonight. Most may not be able to be thin and eating those donuts, or rich and going on wild shopping sprees all the time, but you can damn well be fat and rich at the same time  |
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dannylion
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Gravity is a harsh mistress
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Post by dannylion on Jun 2, 2017 19:39:31 GMT -5
Saving money and being financially savvy is like dieting. I want to be thin and healthy but I really want that donut. I want to be financially secure but I want new shoes and I don't feel like cooking tonight. Most may not be able to be thin and eating those donuts, or rich and going on wild shopping sprees all the time, but you can damn well be fat and rich at the same time And it's good camouflage. If you're rich but fat, people don't think you're rich ('cause all rich people are supposed to be beautiful), so they don't pester you for money. And sometimes they give you donuts.
That's another good thing about dogs. They don't care whether you're rich or fat or if you're not beautiful. They love you anyway. However, they do expect you to share your donuts with them.
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Tiny
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Post by Tiny on Jun 2, 2017 19:52:54 GMT -5
The thing I found interested by was his idea that if you really wanted to help people you should charge them and NOT give them free financial advice. Since they would be more likely to implement the advice if they paid for it. I don't think paying for advice/help actually helps either... I'd compare it to dieting - lots of money spent on "how to get skinny" but few people actually make it work (even though I'd hazard a guess that even the most cockamamie "fad" diet if followed to the letter will result in weight loss). Look at all the 'equipment' that people buy and never use... I think people should just 'fess up to NOT wanting to change... basically admit that they like the way things are no matter how bad they are - after all if they aren't willing to make a change/do some work - they must at some level be happy with their lives. Maybe we need to 'destigmatize' not having enough money due to bad decisions so people can stop making excuses and just embrace their bad decisions? |
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Rob Base 2.0
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Joined: Feb 23, 2017 18:12:07 GMT -5
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Post by Rob Base 2.0 on Jun 2, 2017 19:55:18 GMT -5
The thing I found interested by was his idea that if you really wanted to help people you should charge them and NOT give them free financial advice. Since they would be more likely to implement the advice if they paid for it. I don't think paying for advice/help actually helps either... I'd compare it to dieting - lots of money spent on "how to get skinny" but few people actually make it work (even though I'd hazard a guess that even the most cockamamie "fad" diet if followed to the letter will result in weight loss). Look at all the 'equipment' that people buy and never use... I think people should just 'fess up to NOT wanting to change... basically admit that they like the way things are no matter how bad they are - after all if they aren't willing to make a change/do some work - they must at some level be happy with their lives. Maybe we need to 'destigmatize' not having enough money due to bad decisions.
I got dibs on inventing the term "money shaming" 
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Rob Base 2.0
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Joined: Feb 23, 2017 18:12:07 GMT -5
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Post by Rob Base 2.0 on Jun 2, 2017 19:58:03 GMT -5
The thing I found interested by was his idea that if you really wanted to help people you should charge them and NOT give them free financial advice. Since they would be more likely to implement the advice if they paid for it. I don't think paying for advice/help actually helps either... I'd compare it to dieting - lots of money spent on "how to get skinny" but few people actually make it work (even though I'd hazard a guess that even the most cockamamie "fad" diet if followed to the letter will result in weight loss). Look at all the 'equipment' that people buy and never use... I think people should just 'fess up to NOT wanting to change... basically admit that they like the way things are no matter how bad they are - after all if they aren't willing to make a change/do some work - they must at some level be happy with their lives. Maybe we need to 'destigmatize' not having enough money due to bad decisions.
But being for reals, I don't think people are "stigmatized" for not having enough money due to making bad decisions. I think they are stigmatized when these peeps with bad money decisions get government aid that others have to pay for, or if these people contantly "complain" about the fact they have no money
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Deleted
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Post by Deleted on Jun 2, 2017 20:51:02 GMT -5
T I don't think paying for advice/help actually helps either... I'd compare it to dieting - lots of money spent on "how to get skinny" but few people actually make it work (even though I'd hazard a guess that even the most cockamamie "fad" diet if followed to the letter will result in weight loss). Look at all the 'equipment' that people buy and never use... I think people should just 'fess up to NOT wanting to change... basically admit that they like the way things are no matter how bad they are - after all if they aren't willing to make a change/do some work - they must at some level be happy with their lives. Maybe we need to 'destigmatize' not having enough money due to bad decisions.
But being for reals, I don't think people are "stigmatized" for not having enough money due to making bad decisions. I think they are stigmatized when these peeps with bad money decisions get government aid that others have to pay for, or if these people contantly "complain" about the fact they have no money
 I know people with no money due to choices they made and they totally own it. I get along with them fine...even sometimes envy their carefree "everything will work out" attitudes even if I think their nuts.  The ones I struggle with keeping my mouth shut around are the ones that don't seem to make the connection between their decisions and their lack of money. I really HATE hearing "it must be nice". It honestly makes me furious. |
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tskeeter
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Post by tskeeter on Jun 2, 2017 20:52:42 GMT -5
The thing I found interested by was his idea that if you really wanted to help people you should charge them and NOT give them free financial advice. Since they would be more likely to implement the advice if they paid for it. I don't think paying for advice/help actually helps either... I'd compare it to dieting - lots of money spent on "how to get skinny" but few people actually make it work (even though I'd hazard a guess that even the most cockamamie "fad" diet if followed to the letter will result in weight loss). Look at all the 'equipment' that people buy and never use... I think people should just 'fess up to NOT wanting to change... basically admit that they like the way things are no matter how bad they are - after all if they aren't willing to make a change/do some work - they must at some level be happy with their lives. Maybe we need to 'destigmatize' not having enough money due to bad decisions so people can stop making excuses and just embrace their bad decisions? Money spent in hopes of easy solutions. Even the enticement of becoming a millionaire isn't strong enough to make most people do the work. Destigmatize poor personal financial management? But, it's a lot more fun to vilify the people who made better financial and personal decisions or worked harder or took well concieved business risks. While demanding that those who made better decisions, etc. turn over their "undeserved" gains to improve the lives of poor decision makers who may have been less ambitious. |
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