Comments on: Investing Prudently and Other Tidbits http://www.brokeass-student.com/investing-prudently-and-other-tidbits/ ... where my idea of splurging is feeding my cat Fancy Feast. As a full-time student with a limited income stream, follow my journey in obtaining financial awareness and prosperity Thu, 28 Aug 2008 03:07:56 +0000 http://wordpress.org/?v=2.1 By: Mapgirl’s Fiscal Challenge / Carnival of Personal Finance #90! http://www.brokeass-student.com/investing-prudently-and-other-tidbits/#comment-208 Mapgirl’s Fiscal Challenge / Carnival of Personal Finance #90! Mon, 05 Mar 2007 13:31:27 +0000 http://www.brokeass-student.com/investing-prudently-and-other-tidbits/#comment-208 [...] Broke A$$ Student writes Investing Prudently and Other Tidbits. [...] […] Broke A$$ Student writes Investing Prudently and Other Tidbits. […]

]]> By: Ron Davison http://www.brokeass-student.com/investing-prudently-and-other-tidbits/#comment-213 Ron Davison Tue, 06 Mar 2007 00:29:20 +0000 http://www.brokeass-student.com/investing-prudently-and-other-tidbits/#comment-213 Hello! I'm impressed that you're able to save 10% while in school. Very impressed. At this stage, though, I wouldn't worry nearly as much about the money you save as the income you prepare to earn. http://rwrld.blogspot.com/2006/12/best-investment-for-2007.html A small percentage change in income and income growth is going to make far more difference than a small difference in interest income at this stage of your life. Hello!

I’m impressed that you’re able to save 10% while in school. Very impressed. At this stage, though, I wouldn’t worry nearly as much about the money you save as the income you prepare to earn.
http://rwrld.blogspot.com/2006/12/best-investment-for-2007.html

A small percentage change in income and income growth is going to make far more difference than a small difference in interest income at this stage of your life.

]]> By: Eric Brown http://www.brokeass-student.com/investing-prudently-and-other-tidbits/#comment-216 Eric Brown Tue, 06 Mar 2007 16:14:25 +0000 http://www.brokeass-student.com/investing-prudently-and-other-tidbits/#comment-216 I am also impressed with how much you can save. I know I was not in the same shape in college. My first job out of college was in consulting which was great because someone else paid my bills. That helped a lot and I thought I was doing well...and then someone recommended a book which I recommend to everyone now, <a href="http://www.amazon.com/gp/product/0446677450/105-6073609-5216462?ie=UTF8&tag=ericssite06-20&linkCode=xm2&camp=1789&creativeASIN=0446677450" rel="nofollow">Rich Dad, Poor Dad</a>. The helped me shift my mental focus. It's great that you see that many of your expenses are not necessary. One powerful thing that I learned from the book is that the expenses aren't really the problem. The problem is classifying something as an asset which is really a liability such as a house. Another powerful lesson I learned was that, buying fun stuff like cars and dvds etc. is not a bad thing. Instead of buying them though, you need to figure out an asset or investment that will pay for them. If you haven't read the book, I hope you find it an interesting read. I am also impressed with how much you can save. I know I was not in the same shape in college. My first job out of college was in consulting which was great because someone else paid my bills. That helped a lot and I thought I was doing well…and then someone recommended a book which I recommend to everyone now, Rich Dad, Poor Dad. The helped me shift my mental focus.

It’s great that you see that many of your expenses are not necessary. One powerful thing that I learned from the book is that the expenses aren’t really the problem. The problem is classifying something as an asset which is really a liability such as a house. Another powerful lesson I learned was that, buying fun stuff like cars and dvds etc. is not a bad thing. Instead of buying them though, you need to figure out an asset or investment that will pay for them.

If you haven’t read the book, I hope you find it an interesting read.

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