Comments for The Art of Money http://theartofmoney.net Use money, don't let money use you Tue, 01 Nov 2011 01:55:03 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Halloween Is Stupid and a Losing Investment by Morgan Polotan http://theartofmoney.net/2011/10/30/halloween-is-stupid-and-a-losing-investment/#comment-18 Morgan Polotan Tue, 01 Nov 2011 01:55:03 +0000 http://theartofmoney.net/?p=140#comment-18 That's a good point, maybe I'm being too much of a Halloween scrooge! There were some good costume ideas that I would have enjoyed wearing that were also pretty cheap, like dressing up as an Occupy Wall Streeter :) For alternatives to candy, how about <a href="http://paleocookies.net/" rel="nofollow">paleo cookies?</a> That’s a good point, maybe I’m being too much of a Halloween scrooge! There were some good costume ideas that I would have enjoyed wearing that were also pretty cheap, like dressing up as an Occupy Wall Streeter :)

For alternatives to candy, how about paleo cookies?

]]> Comment on How I Ditched the Gym and Saved $5,080 by Opportunity Costs: That Dollar is More Expensive Than You Think » The Art of Money http://theartofmoney.net/2011/10/27/how-to-save-money-on-your-gym-membership/#comment-17 Opportunity Costs: That Dollar is More Expensive Than You Think » The Art of Money Mon, 31 Oct 2011 23:30:08 +0000 http://theartofmoney.net/?p=31#comment-17 [...] I have written several blog posts on how to save money on small things like haircuts, cable and gym memberships. Some of my friends have told me that they can afford to go to a salon, pay for a thousand [...] [...] I have written several blog posts on how to save money on small things like haircuts, cable and gym memberships. Some of my friends have told me that they can afford to go to a salon, pay for a thousand [...]

]]> Comment on How to Save $600/year on Cable by Opportunity Costs: That Dollar is More Expensive Than You Think » The Art of Money http://theartofmoney.net/2011/10/27/how-to-save-money-on-cable/#comment-16 Opportunity Costs: That Dollar is More Expensive Than You Think » The Art of Money Mon, 31 Oct 2011 23:28:08 +0000 http://theartofmoney.net/?p=33#comment-16 [...] me explain. I have written several blog posts on how to save money on small things like haircuts, cable and gym memberships. Some of my friends have told me that they can afford to go to a salon, pay for [...] [...] me explain. I have written several blog posts on how to save money on small things like haircuts, cable and gym memberships. Some of my friends have told me that they can afford to go to a salon, pay for [...]

]]> Comment on How I Saved $576/year on Haircuts by How Opportunity Costs Can Buy You a Camaro » The Art of Money http://theartofmoney.net/2011/10/27/how-to-save-money-on-haircuts/#comment-15 How Opportunity Costs Can Buy You a Camaro » The Art of Money Mon, 31 Oct 2011 23:24:21 +0000 http://theartofmoney.net/?p=35#comment-15 [...] me explain. I have written several blog posts on how to save money on small things like haircuts, cable and gym memberships. Some of my friends have told me that they can afford to go to a salon, [...] [...] me explain. I have written several blog posts on how to save money on small things like haircuts, cable and gym memberships. Some of my friends have told me that they can afford to go to a salon, [...]

]]> Comment on Halloween Is Stupid and a Losing Investment by Travelernp http://theartofmoney.net/2011/10/30/halloween-is-stupid-and-a-losing-investment/#comment-14 Travelernp Mon, 31 Oct 2011 01:36:00 +0000 http://theartofmoney.net/?p=140#comment-14 I actually LOVE Halloween. It is a time I can be someone other than myself. I have a few additional suggestions: 1) make a costume out of things that you have around the house, 2) rent, instead of buy, a costume (my last one cost me $45) or 3) use the costume at other themed parties or next Halloween. Would love to hear about some alternatives to the candy!!! I actually LOVE Halloween. It is a time I can be someone other than myself. I have a few additional suggestions: 1) make a costume out of things that you have around the house, 2) rent, instead of buy, a costume (my last one cost me $45) or 3) use the costume at other themed parties or next Halloween. Would love to hear about some alternatives to the candy!!!

]]> Comment on The Art of Money Manifesto by Morgan Polotan http://theartofmoney.net/2011/08/16/hello-world/#comment-13 Morgan Polotan Sat, 29 Oct 2011 21:43:57 +0000 http://theartofmoney.net//?p=1#comment-13 What do you believe to be the root cause of personal financial mismanagement? Is it different than the Art of Money equation I outlined above: human psychology, money values, and financial literacy? What do you believe to be the root cause of personal financial mismanagement? Is it different than the Art of Money equation I outlined above: human psychology, money values, and financial literacy?

]]> Comment on How to Save $600/year on Cable by Morgan Polotan http://theartofmoney.net/2011/10/27/how-to-save-money-on-cable/#comment-12 Morgan Polotan Sat, 29 Oct 2011 18:09:40 +0000 http://theartofmoney.net/?p=33#comment-12 Haha I don't know what it was like back in the rabbit ear days of TV, but I will say that I AM glad that we have so much choice when it comes to our entertainment options. Part of the problem is that <a href="http://www.cato.org/pubs/pas/pa034.html" rel="nofollow">cable providers are granted monopolies by the government</a>, which as you said, makes them immune to competition that would otherwise drive down prices and increase quality, variety and choice. The reason TV is paid for with commercials is because it's a <a href="https://secure.wikimedia.org/wikipedia/en/wiki/Public_good" rel="nofollow">public good</a>, in the sense that my watching TV doesn't diminish your ability to watch TV, and it's hard to exclude non-payers from watching TV. This means that the supply of TV shows wouldn't meet demand unless an alternative business model was found. Commercials have become that alternative business model. I do like your idea of not watching TV at all though! I find that most of the stuff on TV is garbage. I much prefer to consume ultra-customized content on the Internet :) Haha I don’t know what it was like back in the rabbit ear days of TV, but I will say that I AM glad that we have so much choice when it comes to our entertainment options. Part of the problem is that cable providers are granted monopolies by the government, which as you said, makes them immune to competition that would otherwise drive down prices and increase quality, variety and choice.

The reason TV is paid for with commercials is because it’s a public good, in the sense that my watching TV doesn’t diminish your ability to watch TV, and it’s hard to exclude non-payers from watching TV. This means that the supply of TV shows wouldn’t meet demand unless an alternative business model was found. Commercials have become that alternative business model.

I do like your idea of not watching TV at all though! I find that most of the stuff on TV is garbage. I much prefer to consume ultra-customized content on the Internet :)

]]> Comment on How I Saved $576/year on Haircuts by Morgan Polotan http://theartofmoney.net/2011/10/27/how-to-save-money-on-haircuts/#comment-11 Morgan Polotan Sat, 29 Oct 2011 18:02:19 +0000 http://theartofmoney.net/?p=35#comment-11 Come on, not all white guys look like cancer patients! In any case, you'd have to weigh that look against the amount of money you'd save by not getting a haircut...it all depends on your situation :) Come on, not all white guys look like cancer patients! In any case, you’d have to weigh that look against the amount of money you’d save by not getting a haircut…it all depends on your situation :)

]]> Comment on The Difference Between an Asset and a Liability by Morgan Polotan http://theartofmoney.net/2011/10/27/the-difference-between-an-asset-and-a-liability/#comment-10 Morgan Polotan Sat, 29 Oct 2011 18:01:28 +0000 http://theartofmoney.net/?p=44#comment-10 Ken, I agree that for most people, their job is their only asset, and everything else is a liability. I believe if more people realized that, they would change the way they live. And spending is not a sustainable way to prop up the economy; most Americans need to de-leverage by paying down debt and actually saving some money. This will inevitably reduce economic growth in the short-term (something I believe we have to accept in order to avoid long-term crisis) but will setup the economy for success in the long term. As far as MLM's, I generally don't have a favorable impression. I know Robert Kiyosaki advocates them, but they've never worked for me. For most of them, you're selling a physical product, which means you're competing with every Fortune 500 company out there. MLM's are based on the premise that you can leverage your personal relationships to sell products and services, but ironically trying to sell your friends and family something seems to decrease the trust in your relationships. That said, I've heard of people making a lot of money with them, so maybe it works for some people. Ken, I agree that for most people, their job is their only asset, and everything else is a liability. I believe if more people realized that, they would change the way they live. And spending is not a sustainable way to prop up the economy; most Americans need to de-leverage by paying down debt and actually saving some money. This will inevitably reduce economic growth in the short-term (something I believe we have to accept in order to avoid long-term crisis) but will setup the economy for success in the long term.

As far as MLM’s, I generally don’t have a favorable impression. I know Robert Kiyosaki advocates them, but they’ve never worked for me. For most of them, you’re selling a physical product, which means you’re competing with every Fortune 500 company out there. MLM’s are based on the premise that you can leverage your personal relationships to sell products and services, but ironically trying to sell your friends and family something seems to decrease the trust in your relationships. That said, I’ve heard of people making a lot of money with them, so maybe it works for some people.

]]> Comment on The Art of Money Manifesto by Ken http://theartofmoney.net/2011/08/16/hello-world/#comment-9 Ken Sat, 29 Oct 2011 16:52:23 +0000 http://theartofmoney.net//?p=1#comment-9 You might also try to cover the root cause of personal financial mismanagement. And I am referring to our relationship with money. BTW, Tyson and Michael Jackson had money managers. These guys were supposed to be financially savvy! You might also try to cover the root cause of personal financial mismanagement. And I am referring to our relationship with money. BTW, Tyson and Michael Jackson had money managers. These guys were supposed to be financially savvy!

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