Comments on Single Guy Money: "I want to be rich like you"

In a follow up discussion with your cousin, I woul...

2008-04-28T22:48:00.000-04:00

In a follow up discussion with your cousin, I would take a deeper dive into your comment on education as an investment. Indeed, education IS an investment - and should be treated as such. Granted, I am a strong believer in a liberal arts education as a grounding - but the the fact of the matter is that in these days of $30K+/year tuition a BA in English probably isn't the soundest investment.

This is great :) You clearly told him all he needs...

2008-03-18T23:54:00.000-04:00

This is great :) You clearly told him all he needs to know now to get his foot in the door. Even if he only takes home the knowledge that he want to owe nothing, he's taken home a HUGE gift that will carry him far.

I experience the same sort of conundrum when talking to my little sister. At 19, she makes a ton of money and spends it all. After this got her into trouble a couple of times

I wish that someone would have explained all of th...

2007-08-07T01:41:00.000-04:00

I wish that someone would have explained all of this to me when I was younger. I like how you broke it down into terms that he could relate to!

You handled it very well. My little brother got in...

2007-08-06T19:43:00.000-04:00

You handled it very well. My little brother got into the "I have to get it now" mode and is still in debt. Of course, he wasn't the type to listen to big brother...

No debt for me:
Thanks for visiting my blog. <...

2007-08-06T06:04:00.000-04:00

No debt for me:
Thanks for visiting my blog.
The value of my car needs to be adjusted. I'm sure if I sold my car, I would still owe money to the bank. I will adjust my house and car values at the end of the year.

Awesome! Get him set straight while he is still y...

2007-08-05T23:09:00.000-04:00

Awesome! Get him set straight while he is still young enough not to put himself in a bind from the beginning!

I think you did a fine job explaining this to him....

2007-08-05T22:39:00.000-04:00

I think you did a fine job explaining this to him. For the life of me, I can't understand why an age-appropriate personal finance class is not a requirement in middle and high schools.

This brings up a question I wanted to ask you about your net worth post, but I hesitated because I didn't want to sound like a jerk.

In all seriousness, have you considered selling your car?

Thanks for the comment Bronx Chica and thanks for ...

2007-08-05T20:28:00.000-04:00

Thanks for the comment Bronx Chica and thanks for visiting my blog.
Maybe once he's rich, he'll take care of his cousin that gave him great advise.

Bronx Chica...You did very well with explaining it...

2007-08-05T17:41:00.000-04:00

Bronx Chica...You did very well with explaining it to a teenager! Hopefully when he grows into a man, he'll be thanksful for your talk in finance. Oh, got you from Boston's girl website. I'm a regular along with Madam X's website.