All Posts Tagged With: "Money"

post thumbnail

How Much is Your Time Worth?

Conventional thinking:  I can save a significant amount of money by doing things myself.
Contrarian thinking:  My time is worth money and I know what my hourly rate is.   I will account for my time and hourly rate when deciding to do something myself.
Every “do it yourself” decision should account not only for the material cost […]

Popularity: 38% [?]

23Mar2008 | goldfish | 0 comments | Continued
post thumbnail

Enjoy Life Now

Conventional thinking:  If I work very hard for 20-30 years and accumulate a lot of money some day I will be able to relax and enjoy life.
Contrarian thinking:  Why wait 20-30 years if I can enjoy life now?
There is a great fable about an American businessman who was taking a vacation in a small village […]

Popularity: 40% [?]

17Mar2008 | goldfish | 0 comments | Continued
post thumbnail

Load Up on Credit Card Debt

Conventional thinking:  All debt is bad, especially credit card debt.  I should get rid of all my credit cards and start using debit cards instead to force myself to only use money that I have in the bank.
Contrarian thinking:  You can use debt to your advantage.  Credit cards in particular offer a number of incentives […]

Popularity: 43% [?]

23Feb2008 | goldfish | 8 comments | Continued
post thumbnail

Becoming a Millionaire is Overrated

Conventional thinking:  If I become a millionaire I will be able to live a life of luxury and financial freedom. 
Contrarian thought: A million dollars does not buy you much these days.  Even if you are lucky enough to become part of the 0.13% of the world population who qualify to call themselves millionaires, your life […]

Popularity: 87% [?]

21Jan2008 | goldfish | 4 comments | Continued
post thumbnail

Retirement at 65 is the Wrong Answer

Conventional thinking: I should sacrifice my life during my productive years, doing work I don’t enjoy and not taking any significant time off so that when I am 65 I can retire and have enough money saved up to finally enjoy life. 
Contrarian thought: You productive years also happen to be the years in which you […]

Popularity: 72% [?]

18Jan2008 | goldfish | 4 comments | Continued