Comments on: 10 Reasons You’re Not Rich http://punkrockhr.com/10-reasons-youre-not-rich/ Anti-Establishment Career Advice Fri, 19 Mar 2010 04:07:49 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Roseann http://punkrockhr.com/10-reasons-youre-not-rich/#comment-4778 Roseann Sat, 24 Jan 2009 13:36:02 +0000 http://punkrockhr.com/?p=2272#comment-4778 You're right about why the rich stay rich and the rest of us barely get by. Most of us earn pay that don't equal the cost of living. The rich have financial people that help them keep their money. What gets me more than anything is these people who give financial advice. Do they have any financial problems? All I can compare it to is a priest giving marital advice! You’re right about why the rich stay rich and the rest of us barely get by. Most of us earn pay that don’t equal the cost of living. The rich have financial people that help them keep their money.

What gets me more than anything is these people who give financial advice. Do they have any financial problems? All I can compare it to is a priest giving marital advice!

]]> By: HRM Today - Blog Archive » The Real Definition of Poverty http://punkrockhr.com/10-reasons-youre-not-rich/#comment-4777 HRM Today - Blog Archive » The Real Definition of Poverty Wed, 15 Oct 2008 15:57:07 +0000 http://punkrockhr.com/?p=2272#comment-4777 [...] couple days ago, I was reading Punk Rock HR Laurie Ruettimann [...] couple days ago, I was reading Punk Rock HR Laurie Ruettimann

]]> By: The Real Definition of Poverty — hr bartender http://punkrockhr.com/10-reasons-youre-not-rich/#comment-4776 The Real Definition of Poverty — hr bartender Wed, 15 Oct 2008 10:59:51 +0000 http://punkrockhr.com/?p=2272#comment-4776 [...] couple days ago, I was reading Punk Rock HR Laurie Ruettimann’s comments to a Yahoo Finance piece titled “10 Reasons You Aren’t Rich” so I clicked over to [...] [...] couple days ago, I was reading Punk Rock HR Laurie Ruettimann’s comments to a Yahoo Finance piece titled “10 Reasons You Aren’t Rich” so I clicked over to [...]

]]> By: Almostgotit.com | How to (almost) thrive in these bad times http://punkrockhr.com/10-reasons-youre-not-rich/#comment-4775 Almostgotit.com | How to (almost) thrive in these bad times Wed, 15 Oct 2008 04:32:19 +0000 http://punkrockhr.com/?p=2272#comment-4775 [...] delightfully [...] delightfully

]]> By: almostgotit http://punkrockhr.com/10-reasons-youre-not-rich/#comment-4759 almostgotit Tue, 14 Oct 2008 18:35:39 +0000 http://punkrockhr.com/?p=2272#comment-4759 I agree with both Laurie and Mr. Strains, here: the TWO reasons we aren't rich is that (1) our paychecks truly are shrinking (in real dollars), AND (2) because we don't maximize what we've got. I think I'll have to write a post about this... will link. Stay tuned! xx00 Elizabeth I agree with both Laurie and Mr. Strains, here: the TWO reasons we aren’t rich is that (1) our paychecks truly are shrinking (in real dollars), AND (2) because we don’t maximize what we’ve got.

I think I’ll have to write a post about this… will link. Stay tuned!

xx00
Elizabeth

]]> By: Working Poor: The Problem Is Getting Worse « Punk Rock Human Resources http://punkrockhr.com/10-reasons-youre-not-rich/#comment-4760 Working Poor: The Problem Is Getting Worse « Punk Rock Human Resources Tue, 14 Oct 2008 18:07:27 +0000 http://punkrockhr.com/?p=2272#comment-4760 [...] so, Jeffrey Strain has some awesome financial advice for [...] [...] so, Jeffrey Strain has some awesome financial advice for [...]

]]> By: amy http://punkrockhr.com/10-reasons-youre-not-rich/#comment-4762 amy Tue, 14 Oct 2008 12:49:44 +0000 http://punkrockhr.com/?p=2272#comment-4762 The American mentality (in my lifetime, anyway) has always been bigger, better, to hell with the cost - and now everybody's surprised by the result? My husband and I bought a little, tiny ranch-style house in 2006 that we are determined to hold on to. I drive a 1995 car, and his is a 1998 - both long since paid off and still running reasonably well. We don't have a single credit card - only a debit card. If we don't have the money for it, it doesn't get purchased. Yet, if you listen to this article, we should be rolling in money by now, and that couldn't be further from the truth. I got a pay increase of $600 at the beginning of this year - a fraction of a percent. I would have loved a 3% raise! According to this article, hubby and I are doing things right, but the fact is that money just isn't worth as much as it used to be. I used to be able to go food shopping for under $100 - now it's easily $125 or more - and that's just one example. It's like taking a pay cut, in a way, because it just doesn't make ends meet any more, and it's hardly due to some excessive lifestyle. The American mentality (in my lifetime, anyway) has always been bigger, better, to hell with the cost – and now everybody’s surprised by the result? My husband and I bought a little, tiny ranch-style house in 2006 that we are determined to hold on to. I drive a 1995 car, and his is a 1998 – both long since paid off and still running reasonably well. We don’t have a single credit card – only a debit card. If we don’t have the money for it, it doesn’t get purchased. Yet, if you listen to this article, we should be rolling in money by now, and that couldn’t be further from the truth. I got a pay increase of $600 at the beginning of this year – a fraction of a percent. I would have loved a 3% raise! According to this article, hubby and I are doing things right, but the fact is that money just isn’t worth as much as it used to be. I used to be able to go food shopping for under $100 – now it’s easily $125 or more – and that’s just one example. It’s like taking a pay cut, in a way, because it just doesn’t make ends meet any more, and it’s hardly due to some excessive lifestyle.

]]> By: Jeffrey Strain http://punkrockhr.com/10-reasons-youre-not-rich/#comment-4761 Jeffrey Strain Tue, 14 Oct 2008 12:21:39 +0000 http://punkrockhr.com/?p=2272#comment-4761 hmmm, I don't think I've ever written an article that elicited quite such a reaction. My experience with helping people to save money over the last 10+ years is that they tend to spend into whatever they are earning - don't get me wrong, there are certainly people that are barely getting by even doing all the right things, but most people I have come in contact with have quite a bit of fat they can trim -- they simply don't realize they are spending unwisely. Believe me, I'm far from believing the trickle down theory that you accuse me of supporting, but just because things are not the best for workers these days, that doesn't mean that you still can't save and build a nice nest egg for yourself. Yes, it's going to take a bit more work, but it's far from impossible. My argument is that most people make some basic financial mistakes that keep them from saving money for their future. A big part of it is getting sucked into the entire consumerism system which is easy to do since it's all around and blasting 24/7. I'll tell you what. You give me your budget and where your money is going and I'll give you some otptions so that you can save that 10% of your take home pay for the future - they may not be easy or simple, but I'm sure that I can get you there if you are willing to put in a bit of effort. hmmm, I don’t think I’ve ever written an article that elicited quite such a reaction. My experience with helping people to save money over the last 10+ years is that they tend to spend into whatever they are earning – don’t get me wrong, there are certainly people that are barely getting by even doing all the right things, but most people I have come in contact with have quite a bit of fat they can trim — they simply don’t realize they are spending unwisely. Believe me, I’m far from believing the trickle down theory that you accuse me of supporting, but just because things are not the best for workers these days, that doesn’t mean that you still can’t save and build a nice nest egg for yourself. Yes, it’s going to take a bit more work, but it’s far from impossible.

My argument is that most people make some basic financial mistakes that keep them from saving money for their future. A big part of it is getting sucked into the entire consumerism system which is easy to do since it’s all around and blasting 24/7.

I’ll tell you what. You give me your budget and where your money is going and I’ll give you some otptions so that you can save that 10% of your take home pay for the future – they may not be easy or simple, but I’m sure that I can get you there if you are willing to put in a bit of effort.

]]> By: You Are Paying Too Much For WiFi « Punk Rock Human Resources http://punkrockhr.com/10-reasons-youre-not-rich/#comment-4763 You Are Paying Too Much For WiFi « Punk Rock Human Resources Tue, 14 Oct 2008 10:31:35 +0000 http://punkrockhr.com/?p=2272#comment-4763 [...] Advertise on PRHR « 10 Reasons You’re Not Rich [...] [...] Advertise on PRHR « 10 Reasons You’re Not Rich [...]

]]> By: Sinfanti http://punkrockhr.com/10-reasons-youre-not-rich/#comment-4764 Sinfanti Tue, 14 Oct 2008 09:38:47 +0000 http://punkrockhr.com/?p=2272#comment-4764 We have a health care system? Did that just happen after I left? I don't think you can reasonably argue that the overwhelming majority of US debt/bankruptcies/foreclosures are due to health care costs, although I would expect them to make up a good chunk. Certainly coupling health care to employment sets people up for a double-whammy. And people who have been saving are better prepared to weather a crisis, whether it be health problems or something else equally unexpected. A lot of people really are dumb about money (in ways pointed out by the article) and those people are at higher risk of being financially wiped out by any unexpected turn of events (or even expected ones - like a change in their ARM). What I am getting at in all of this is that it's a better article than you gave it credit for. Perhaps point #11 should have been "You don't take care of your health and safety". We have a health care system? Did that just happen after I left?

I don’t think you can reasonably argue that the overwhelming majority of US debt/bankruptcies/foreclosures are due to health care costs, although I would expect them to make up a good chunk. Certainly coupling health care to employment sets people up for a double-whammy. And people who have been saving are better prepared to weather a crisis, whether it be health problems or something else equally unexpected. A lot of people really are dumb about money (in ways pointed out by the article) and those people are at higher risk of being financially wiped out by any unexpected turn of events (or even expected ones – like a change in their ARM).

What I am getting at in all of this is that it’s a better article than you gave it credit for. Perhaps point #11 should have been “You don’t take care of your health and safety”.

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