Comments on: 6 Financial Things I Wish I Had Known When Starting Out in Life

By: It’s True, I Get Paid to Write for American Express | Enemy of Debt: Where Behavior Meets Reality

Sat, 26 Feb 2011 22:00:10 +0000

[...] and understanding of one another. Check out our debate in the comments section of Money Funk: 6 Financial Things I Wish I Had Known When Starting Out in Life. (Notice that even then, I was at least reasonable about accepting that some could use credit cards [...]

By: One Good Turn Deserves Another | Enemy of Debt

One Good Turn Deserves Another | Enemy of Debt — Fri, 17 Jul 2009 15:28:27 +0000

[...] in a friendly fun kind of way, on his blog as well as on other blogs. The most recent one was here at Money Funk. I sent Jay an email after one of our friendly duels, and he decided to turn it [...]

By: Brad @ enemyofdebt

Brad @ enemyofdebt — Wed, 15 Jul 2009 18:04:09 +0000

LOL

By: Brad @ enemyofdebt

Brad @ enemyofdebt — Wed, 15 Jul 2009 14:17:14 +0000

And I certainly do not argue that someone who has proven he does not fit in with the average person’s spending habits by having such a robust savings and retirement nest egg, could use credit cards and benefit.

I love the post on your blog today man!! I also love a debate where friends remain friends.

By: J. Money

J. Money — Wed, 15 Jul 2009 13:51:51 +0000

I will actually agree with you that the average person DOES spend more by using credit, you win that one 99% my friend. I reserve the remaining 1% for those who rarely go off track on their spending habits (aka me) who spend the same amounts every month whether he pays with debit or credit (I know this because I used debit like a champ up until i switched to credit). That said though, If i walked into a room of strangers and had to promote one way over the other, I would probably pick yours as it benefits more people than my way So I say keep spreading the good word my friend! Always a big fan of yours.

By: J. Money

J. Money — Wed, 15 Jul 2009 13:47:33 +0000

ooooooh i like the way you think! J. Money = 1, Brad = 0?

By: Brad @ enemyofdebt

Brad @ enemyofdebt — Wed, 15 Jul 2009 03:06:24 +0000

Yeah well I admit that I have a tougher case to prove since my plan requires a complete paradigm shift. It’s okay though, to each is own right. I am pretty sure though that I can save more than $300 a year by avoiding plastic. Maybe one day I will be able to prove to you that spending on credit causes you to spend 12-18% more, not only because spending cash causes you to second guess a particular purchase, but also because the incentive you have to get cash back can also give you more of a reason to get that one other thing you may not have got otherwise. It is a fact that if I walk into a store with $900 of greenery, I can probably walk out of there with something that cost at least $1200. I will put together a blog to make my case.

It is true, J Money does a good job, it’s why he is a blog superstar!

By: admin

admin — Wed, 15 Jul 2009 02:33:28 +0000

I like to watch a good challenge! $300 a year? That’s pretty good. Hmmm…..*ready to burst a brain cell to take in all these wonderful tips*

By: admin

admin — Wed, 15 Jul 2009 02:31:33 +0000

I don’t know. J. Money has some good advice. I was just thinking of using my Hawaiian Airlines card to continuously rack up miles for my trip next April. I would use it as my ‘debit card’ and pay in it full each month.

By: admin

admin — Wed, 15 Jul 2009 02:30:08 +0000

I love simple but extremely effective tips… spend less than I make. LOL. I seem to be always practicing that factor. But I am definitely getting better at it! Now, if I could only make my family do the same!