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re: Ouch, Market Taking a Beating

Posted on 8/15/13 at 5:07 pm to
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70007 posts
Posted on 8/15/13 at 5:07 pm to
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 by NC_Tigah
Member since Sep 2003
125553 posts
Posted on 8/15/13 at 5:38 pm to
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
It will pay off . . . In Spades, Vol!

There are times I look back now, and wonder "How the H...., did this happen."

Good stuff.

Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 8/16/13 at 3:57 pm to
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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