Comments on: Add More Tools to Your Arsenal to Help Solve Your Financial Problems

By: F

Mon, 08 Sep 2008 22:31:09 +0000

I’m 21years old and I live with my sister (26years). We have no place to live, just because our parents are divorced many years ago, we were living whit our mother, are dismissed from our home, when my mother married with my step-father (4years ago).
My father was a member of the “Navy” of America, He died after a big financial defeat, and now we live in this great country (Iran) without any places to live.
We’re living in peoples home within 4 years ago without to have any money to solve our problem, and no one of government departments doesn’t help us too. Just because we’re christians!
My sister in the field of genetics and worked in the connections of computer hard wares, but we feel we’re changed to someone that doesn’t serves someone’s purpose cause of the conditions we have, I feel dejected more and more day to day, and our connection breaks off from culture and technology.
We’re working now, but we’ve many charges to pay as little loans we got from my sister’s office (for monthly fees we paid to our friends, we were living in heir home), incommings for women is so little and the monthly fee for home is threefold of a girl’s incommings! and i can’t continue this way because we should pay the price they lent us and We’ve no money to pay for our basic problems.
We’ve not home & now live in a pension, & must to go out from here. I don’t know that is there anywhere to accommodating me and my sister in this great world or not!
We seek your kindly and Urgent helps, in the name of “Jesus Christ”.
We need your help very emergency, only 30’000 € can change our life.

Thank you for mistime, and I’m waiting for your hopeful answer.

By: Maria Trichet

Maria Trichet — Tue, 28 Aug 2007 02:53:48 +0000

Very good site! Thanks!

By: Makayla Edwards

Makayla Edwards — Mon, 27 Aug 2007 16:00:35 +0000

Well done!

By: Chief Family Officer

Chief Family Officer — Wed, 22 Aug 2007 02:52:13 +0000

You’re absolutely right. I need to know more about investing so that I can expand my options – right now, I pretty much only know mutual funds, so that’s what I invest in. But I always feel like I’m just seeing such a tiny part of the big picture.

By: Jeremy

Jeremy — Mon, 20 Aug 2007 20:39:56 +0000

Well, I don’t disagree with you, and all of your points are 100% true. But, sticking with the same tried and true methods versus exploring new ways of doing things is the difference between mediocrity and greatness.

Sure, you can stick with something you know, and if it works well, you can chug along just fine. That is like if I were to buy a couple index funds, invest in them regularly for 30 years, sure, I’d wind up with pretty good, yet average results. But would I have missed out on other opportunities, good or bad? You bet.

I think your last point sums it up quite well though, and that most people are simply lazy. Again, being lazy isn’t bad as long as you’re doing something, but for most people the energy to explore new opportunities just doesn’t seem worthwhile.

Just to clarify, this post wasn’t meant to strictly adhere to investing issues either as it should be applied to all areas of your life.

For example, a friend of mine is always complaining about needing to make more money. So, when I ask how he plans on doing that, the answers are usually “work more hours” or “ask for a raise”, or even “apply for a higher up position”. Clearly, this person is only thinking about one tool, and it is the one he knows best; his current job. Sure, those are valid ways to make more money, but maybe the real answer lies somewhere outside of that? But if you can’t recognize there may be other ways to accomplish this, you will be stuck in the rut with the only tool you have.

By: Telemill

Telemill — Mon, 20 Aug 2007 18:36:22 +0000

Good article and a much needed observation, Jeremy. However, there are so many reasons why we use the same tools . . .

1. We want to go to our own garage and not take a trip to the home improvement store. Seriously, looking for a new tool takes a lot of time, a lot of effort and huge learning curve. Alot of people don’t FEEL that they have the time to learn what tool would work, how it works, and who is selling the tool. Yes, if they take the time they MAY benefit from it (but what if they take the time and realize that one of their tools could already take care of that task.) Wouldn’t that be time wasted?

2. Investors FEEL . . . and usually, we feel much more confident if we’ve dealt with that tool before and know we can depend on it. If we get a new tool we have to deal with the unease of FEELING, TESTING or trying out that tool until we feel it is dependable. Who wants to deal with the worry?

3. We are basically lazy investors (not all of us, but many of us). We didn’t really want to invest anyway — it’s just a fundamental requirement if we want to be smart about our money and our futures. Now, if feels like school again where we HAVE to learn about new things. It’s like when I realized after Algebra, I HAD to register into GEOMETRY and when I successfully passed geometry I HAD to register for TRIGONOMETRY and then my instructors expected me to learn CALCULUS . . . it was like someone duped me into Algebra and I was in the Math Mafia . . . I had to die just to get out of it. That’s how investments seem to be to the new investor – once you get in it grows into a life of it’s own. The expectations just never stop.

Just the point of view from a lazy investor. Sorry to create a posting in itself.