Comments on: 7 Deadly Sins of Personal Finance: Don’t Plan For the Future http://www.bargaineering.com/articles/7-deadly-sins-of-personal-finance-dont-plan-for-the-future.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 23:30:41 +0000 hourly 1 By: jim http://www.bargaineering.com/articles/7-deadly-sins-of-personal-finance-dont-plan-for-the-future.html/comment-page-1#comment-278585 jim Sun, 31 Aug 2008 05:28:03 +0000 http://www.bargaineering.com/articles/?p=3349#comment-278585 JohnN - That plan was just a fanciful example, that's not our plan! It's actually an outlandish plan with respect to almost every aspect ($1M in retirement assets in 10 years? no chance of that happening). I just threw some numbers together without any regard to feasibility, that's why I emphasized the fact that it's not our plan so heavily in the article. You're not far behind, please don't take that plan as something that's reasonable. JohnN – That plan was just a fanciful example, that’s not our plan! It’s actually an outlandish plan with respect to almost every aspect ($1M in retirement assets in 10 years? no chance of that happening). I just threw some numbers together without any regard to feasibility, that’s why I emphasized the fact that it’s not our plan so heavily in the article.

You’re not far behind, please don’t take that plan as something that’s reasonable.

]]> By: JohnN http://www.bargaineering.com/articles/7-deadly-sins-of-personal-finance-dont-plan-for-the-future.html/comment-page-1#comment-278540 JohnN Sat, 30 Aug 2008 23:52:22 +0000 http://www.bargaineering.com/articles/?p=3349#comment-278540 I've recently started reading about finance as a futile hobby. I stumbled upon your blog; Specifically, your financial plan. My mouth fell agape when I looked at your figures. I'm surprised to learn that you make a good excess of 100K pure savings per year, and mention it like an standard occurrence. After taxes and expenses I'd be lucky to stack away 1/5 that amount (and I have no home, no children, no wife, no pets, no health insurance, and my relatively fuel efficient car is paid off). All I want to know is, am I really so far behind? Is what I should consider an average plan? I’ve recently started reading about finance as a futile hobby. I stumbled upon your blog; Specifically, your financial plan.

My mouth fell agape when I looked at your figures. I’m surprised to learn that you make a good excess of 100K pure savings per year, and mention it like an standard occurrence. After taxes and expenses I’d be lucky to stack away 1/5 that amount (and I have no home, no children, no wife, no pets, no health insurance, and my relatively fuel efficient car is paid off).

All I want to know is, am I really so far behind? Is what I should consider an average plan?

]]> By: ToughMoneyLove http://www.bargaineering.com/articles/7-deadly-sins-of-personal-finance-dont-plan-for-the-future.html/comment-page-1#comment-276065 ToughMoneyLove Tue, 19 Aug 2008 14:14:11 +0000 http://www.bargaineering.com/articles/?p=3349#comment-276065 Great thoughts for a young planner (compared to me, a baby boomer). Let me suggest that when you start your financial plan, consider the economic concept of "consumption smoothing" as a controlling principle. It will give you something to track all the way through retirement. Great thoughts for a young planner (compared to me, a baby boomer). Let me suggest that when you start your financial plan, consider the economic concept of “consumption smoothing” as a controlling principle. It will give you something to track all the way through retirement.

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