Dilbert’s 9 Points on What You Need to Know About Personal Investing

I’m surprised I’ve never seen this article mentioned in any of the PF blogs out there. It’s the exact same thing that everyone always talk about in the PF blogsphere. Kudos to Scott Adams.

  1. Make a will
  2. Pay off your credit cards
  3. Get term life insurance if you have a family to support
  4. Fund your 401k to the maximum
  5. Fund your IRA to the maximum
  6. Buy a house if you want to live in a house and can afford it
  7. Put six months worth of expenses in a money-market account
  8. Take whatever money is left over and invest 70% in a stock index fund and 30% in a bond fund through any discount broker and never touch it until retirement
  9. If any of this confuses you, or you have something special going on (retirement, college planning, tax issues), hire a fee-based financial planner, not one who charges a percentage of your portfolio

Everything except point 8 to the last is a common theme echoing what most PF bloggers emphasize out there, with point 8 being argued that you should tweak the percentage of your portfolio in stocks and bonds as you approach your planned retirement age. Notice he promotes the use of index fund too. Good stuff.

Originally posted 2007-12-05 18:39:35. Republished by Blog Post Promoter

Proper Posture for Health

I talked about learning “better” breathing before. Closely relating to that, posture is almost equally important for our daily lives and health. Actually, getting the breathing down will depend on having better posture. Several factors together prompted me and helped me to fix my own postures: back pain from sitting in office (major), gym’ing, playing piano, and singing. Not only will better postures improve our health and make us feel better in general, with better posture, there will certainly be improvement in all activities/exercise.

By no means am I an health expert, but here are some pointers that I follow personally and have great results:

  • Spread and relax the shoulders so they’re slightly angle downward
  • Arms on the side of the body
  • Straighten up the neck and tuck the chin in, so the head does not stick forward
  • Push the sternum outward slightly so the rib cage is opened

These last 4 will help you not to slouch.

  • Don’t lock the knees while standing
  • Spreading your legs to shoulder width apart while standing
  • Feet pointed forward, not diagonally. To allow the hips to relax and consequently, the spine also
  • While sitting at a desk or in front of computer, maintain a straight back do not lean your body forward or backward
  • Relax muscles around the buttocks when sitting
  • Balance the weight of the body more towards the balls of the feet instead of the heels

These last 6 steps will help to reduce the strain on th back tremendously.

  • Finally, together with everything, try to feel and monitor the body so you know when your body is tense and try to relax. Deep breathing will help to do that. Drinking more water will also help.

Those are the things I do, and I am noticing how it has helped me in everything. It’s the fundamental in all the things we do, be it piano, dancing, working out, singing, basketball. Fix and improve your posture, then keep it consistently to live a better life :)

Originally posted 2007-04-16 22:05:43. Republished by Blog Post Promoter

Frugality Under Attack And Not Socially Accepted

J.D. from Get Rich Slowly wrote the post, What Developing Nations Can Teach Us About Personal Finance

Trent from The Simple Dollar wrote a related post, The Backlash Against Frugality about someone promoting frugality in an article and in return received some “flaming” comments, sadly. If only people are more opened and receptive to new ideas…

It’s hard to talk about personal finance without ever touching on the subject of frugality. I have talked about taking responsibility and making choices, and such are we do in personal finance, such are we do in frugality also. Let’s not forget about the “personal” part of this whole idea, so at the end of the day, it’s your own choice.

You don’t HAVE TO get rid of your TV, but you can CHOOSE TO.
You don’t HAVE TO wear all used clothes, but you can CHOOSE TO.
You don’t HAVE TO drive a crummy 2nd-hand car, but you can CHOOSE TO.
You don’t HAVE TO live without an iPhone, but you can CHOOSE TO.
So on and so forth.
You choose to live frugally.
You choose and find ways to be frugal based on your preferences.
Just like you choose your lifestyle.

Oh btw, I choose to not have an iPhone because I cannot guarantee myself I will never drop my cellphone (as I had too many times already), I prefer “pure” mp3 player of another brand with better sound quality, and I don’t think $400 + the monthly upkeep is worth it. Anyways…

Those articles are merely suggesting ways to be frugal, which serve to provide others to think about frugality. But alas, how many really use their brains and think these days.

With that, I leave you with the comment I left for J.D.:

Thanks, J.D., for the thoughtful post, and I am sorry to read all the comments from people who find it offensive.

I believe the article is meant to be a thought provoking piece that can get us to find ways to be more frugal ourselves and find ways to change our life to be better (happier), with “change to be better” echoing with my own values. And not with the intention to argue that Americans should be just like these 3rd world countries, which is the reasoning a majority of the people used in their comment to refute this post.

No, we shall not have to live in a 200sq ft apt, or some shed in the middle of no where, but neither shall a single person live in a 4000sq ft mansion.
No, we shall not have to eat crap food, but neither shall we spend $1000 eating out per month.
No, we shall not live like a miser so we can retire at 45, but neither shall we live as pure hedonists.

Anything taken to extremity is a bad thing. Find your own way to live simpler and happier, and not live a life that is bloated and driven by consumerism and capitalism.

Originally posted 2007-10-05 16:27:41. Republished by Blog Post Promoter

Poor Tiger Woods

Man, the media just will not stop about reporting Tiger Woods. Ah, so typical.

As all of us hearing about the news, it is so easy for us to judge, to criticize, and to draw defaming conclusions about Tiger Woods. It is soooooooooo easy for us to call him immoral. What’s the fun in that? So instead of all that, let us look at the news from another angle.

Let’s say you were in the exact positions of Tiger Woods. With his great golf skill, fame, money, look… and thus finally [and most likely] the admirations of many ladies. Given all that, and then given the opportunities, to sleep and have affairs with beautiful women. And perhaps sometimes seriously seduced. Can you with utmost honesty answer that you would not had done the same?

Now, you do not really NEED to answer that. And you may think I am, but I am not trying to defend Tiger Woods either.

But if you answered with “NO!!” right the way, you probably hadn’t given it sincere thought and thus miss the point of what I wanted to say.

The point I am trying to get at is the why for which we need to ask ourselves such question.

And this is not so different than the question, “What is the sound of a one-handed clap?”

Originally posted 2009-12-15 00:09:12. Republished by Blog Post Promoter

Pages: Prev 1 2 3 ... 7 8 9 10 11 ... 87 88 89 Next

Subscribe using Email

Get notified of new posts by email.