Comments on: Spending Less Than You Earn. Sound Advice At Any Income

By: Financial Highway

Financial Highway — Wed, 02 Sep 2009 13:53:41 +0000

11 Dumb Ways to get in Debt…

There are many reasons why people fall in debt, such as medical issues, school, starting a business and purchasing a home. Some situation you do not have much of choice and the debt is for a good reason, for example if you get in debt due to school i…

By: Increasing Your Net Worth- Increase Your Income or Cut Expenses? | Financial Highway

Tue, 04 Aug 2009 08:06:05 +0000

[...] On the other hand, I think you also need to find a healthy balance in your spending as well. If you’re spending more than you make, you’ll never get ahead. Just look to celebrities like Michael Jackson or Ed McMahon – who despite making millions, still had problems with money. [...]

By: Weekly Wisdom in Personal Finance - 1st Edition - 7/3/2009 | Debt Free Adventure!

Fri, 03 Jul 2009 20:27:23 +0000

[...] Spending Less Than You Earn. Sound Advice At Any Income – by Peter Anderson of Bible Money Matters After reading this article I made a comment with Pete liked, “no matter how much dough you have, you can only make so many cookies”. This article highlights the financial health of “rich” celebrities who recently passed away and focuses on how you need sound financial practices no matter how much money you have! [...]

By: Roxanne

Roxanne — Fri, 03 Jul 2009 05:19:23 +0000

Love the last point and agree totally that no matter how much you make the principle is the same!

Roxannes last blog post..Food Grade Diatomaceous Earth

By: MLR

MLR — Mon, 29 Jun 2009 23:34:49 +0000

I heard a person on the radio the other day saying MJ didn't die in debt because of how much our society owed him. RIGHTTTT. It's sad, these celebrities could have set all of their future generations up for life. Instead, they pissed it all away. MLRs last blog post..Carnival of Top PF Posts #9

By: Paul @ FiscalGeek

Paul @ FiscalGeek — Mon, 29 Jun 2009 23:00:33 +0000

I've fully been a victim of trying to maintain a standard of living based on my neighbors and peers. It's a hard battle, but when you can finally say, you know what I can drive a 15 year old car no problem because I can have a future. On a very lighter note: SNL has an awesome commercial: Don't Buy Stuff you cannot afford. Funny but it's a little too close to home. Paul @ FiscalGeeks last blog post..When DIY has No ROI: Diary of a DIYaholic

By: Jason Y

Jason Y — Mon, 29 Jun 2009 21:56:51 +0000

Excellent points, Matt. My wife and I have really struggled to fight the temptation to keep up with the Joneses, and more generally, with cultural “norms” and expectations. Sane financial decisions make me feel like everyone else thinks I’m insane, but that’s no reason for me to jump off along with so many others.

By: Michael Jackson Personal Finance Reading : Bizzia - Business News and Commentary - Finance and Business Tips

Mon, 29 Jun 2009 20:21:45 +0000

[...] Bible Money Matters offers a look at famous finances (including Michael Jackson’s) and admonishes every to spend less than they earn. [...]

By: Matt Jabs

Matt Jabs — Mon, 29 Jun 2009 14:59:00 +0000

Wow, just goes to show... the concepts remain the same: no matter how much dough you make, you can only make so many cookies. I think something worth noting is the pressure of an anti-frugality lifestyle that comes w/being a celebrity. Many of us will never know their plight, but I'm willing to bet that "keeping up with the Jone's" is all the more tempting when you are in the celebrity spotlight. Regardless, as Pete so eloquently states... "you have to spend less than you earn" & "It is futile to try & spend your way to happiness". Great lessons. Matt Jabss last blog post..Follow Through on Financial Goals

By: MoneyEnergy

MoneyEnergy — Mon, 29 Jun 2009 14:57:11 +0000

You're right, it's definitely sad. And unbelievable too - but I guess when you grow up already having that money, you don't know it's "true value" - what it usually takes to earn it. You might think the money always flows that easily - and for MJ, it really did. Bank of America gave him a $140 million dollar loan no questions asked even when he was in debt. It's horrible to think he'd set that off against his Beatles' rights. It's an awful use of what is still effectively the wealth of average people everywhere, just funneled through one source. MoneyEnergys last blog post..Are You Doing Your Life’s Work, or Are You An Employee of The Market?