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re: Ouch, Market Taking a Beating
Posted on 8/15/13 at 5:07 pm to Powerman
Posted on 8/15/13 at 5:07 pm to Powerman
quote:
That's a cute psychological game that you're playing with yourself
But let's be honest, you wouldn't be investing the money if you couldn't make the payments on your bills.
Obviously. And it is psychological. And it works. I'm not on a salary, my income fluctuates month to month, so I have to be disciplined. Back when I used to pay bills first, and then invest/save what was left over, I'd end up saving or investing very little. When I made my financial future a priority, I increased my investing 10 fold, and I have always had plenty left over to pay my bills and have fun with.
Posted on 8/15/13 at 5:38 pm to Vols&Shaft83
quote:It will pay off . . . In Spades, Vol!
Obviously. And it is psychological. And it works. I'm not on a salary, my income fluctuates month to month, so I have to be disciplined. Back when I used to pay bills first, and then invest/save what was left over
There are times I look back now, and wonder "How the H...., did this happen."
Good stuff.
Posted on 8/16/13 at 3:57 pm to Vols&Shaft83
quote:
Obviously. And it is psychological. And it works. I'm not on a salary, my income fluctuates month to month, so I have to be disciplined. Back when I used to pay bills first, and then invest/save what was left over, I'd end up saving or investing very little. When I made my financial future a priority, I increased my investing 10 fold, and I have always had plenty left over to pay my bills and have fun with.
Being successful in personal finance is probably 95% psychology. Knowledge of finance alone is pretty useless without the personal discipline to execute a long term plan, and any type of mental gymnastics that keep a person on track is usually a good thing.
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