All Posts Tagged With: "Money"
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 | ContinuedEnjoy 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
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
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
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