Comments on: Could I be cutting myself short? http://www.moneyfunk.net/finances/could-i-be-cutting-myself-short/ Personal Finance & Frugal Living Tue, 07 Feb 2012 09:38:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: LeanLifeCoachhttp://www.moneyfunk.net/finances/could-i-be-cutting-myself-short/#comment-3828 LeanLifeCoach Wed, 20 Jan 2010 00:58:27 +0000 http://www.moneyfunk.net/?p=4795#comment-3828 It's been said above, it is balance. Anyone serious about their long-term financial well-being and anyone that finds enjoyment in the rewards of building wealth should look toward additional income opportunities. However it appears to me that even wealth builders often discount the opportunities that are inherent in frugality. It’s been said above, it is balance. Anyone serious about their long-term financial well-being and anyone that finds enjoyment in the rewards of building wealth should look toward additional income opportunities. However it appears to me that even wealth builders often discount the opportunities that are inherent in frugality.

]]> By: The Katana: Help Haiti If You Can 1/17 | Finance Bloghttp://www.moneyfunk.net/finances/could-i-be-cutting-myself-short/#comment-3801 The Katana: Help Haiti If You Can 1/17 | Finance Blog Sun, 17 Jan 2010 12:18:40 +0000 http://www.moneyfunk.net/?p=4795#comment-3801 [...] “Could I Be Cutting Myself Short?” by Christine wonders whether she could be spending more and living it up.  The more my Freedom [...] [...] “Could I Be Cutting Myself Short?” by Christine wonders whether she could be spending more and living it up.  The more my Freedom [...]

]]> By: The Katana: Help Haiti If You Can 1/17 | Financial Samuraihttp://www.moneyfunk.net/finances/could-i-be-cutting-myself-short/#comment-3800 The Katana: Help Haiti If You Can 1/17 | Financial Samurai Sun, 17 Jan 2010 10:04:40 +0000 http://www.moneyfunk.net/?p=4795#comment-3800 [...] “Could I Be Cutting Myself Short?” by Christine wonders whether she could be spending more and living it up.  The more my Freedom [...] [...] “Could I Be Cutting Myself Short?” by Christine wonders whether she could be spending more and living it up.  The more my Freedom [...]

]]> By: Laurenhttp://www.moneyfunk.net/finances/could-i-be-cutting-myself-short/#comment-3799 Lauren Sun, 17 Jan 2010 07:18:11 +0000 http://www.moneyfunk.net/?p=4795#comment-3799 We live in one of the four units, so it's nice to be on-site. We've remodeled three of the units so far, and it wasn't exactly fun. I think we'd pay someone else to do it next time. We have great tenants, and we offer incentives for signing longer-term leases. You really can't beat having your rent/mortgage paid! We live in one of the four units, so it’s nice to be on-site. We’ve remodeled three of the units so far, and it wasn’t exactly fun. I think we’d pay someone else to do it next time. We have great tenants, and we offer incentives for signing longer-term leases. You really can’t beat having your rent/mortgage paid!

]]> By: money funkhttp://www.moneyfunk.net/finances/could-i-be-cutting-myself-short/#comment-3798 money funk Sun, 17 Jan 2010 07:02:46 +0000 http://www.moneyfunk.net/?p=4795#comment-3798 Yeah to Lauren & Husband. I wish I could take the bus but I work a zillion miles away. I tried the train, but the costs were about the same as driving and it took up more time to get home. That is great the things you and hubby have done. But look at the travels you're taking. I would totally live on a tiny budget to do that. Wow, retire at 35? Makes me feel old. LOL. I thought about buying an small 4-plex myself. Would your husband say the time & effort to maintain the building and residents is worth the investment? Curious. Happy to have found your blog. Look forward to following your adventure. Yeah to Lauren & Husband. I wish I could take the bus but I work a zillion miles away. I tried the train, but the costs were about the same as driving and it took up more time to get home. That is great the things you and hubby have done. But look at the travels you’re taking. I would totally live on a tiny budget to do that.

Wow, retire at 35? Makes me feel old. LOL.

I thought about buying an small 4-plex myself. Would your husband say the time & effort to maintain the building and residents is worth the investment? Curious.

Happy to have found your blog. Look forward to following your adventure.

]]> By: money funkhttp://www.moneyfunk.net/finances/could-i-be-cutting-myself-short/#comment-3797 money funk Sun, 17 Jan 2010 06:59:12 +0000 http://www.moneyfunk.net/?p=4795#comment-3797 True, true...about time. There never seems to be enough of that. And I think, about living minimally while spending money is a good fit for me. Thank you for the luck. I have a feeling it will be in no time that one of my "brilliant' venture ideas will be tried (with hopeful high returns). ;) True, true…about time. There never seems to be enough of that.

And I think, about living minimally while spending money is a good fit for me. Thank you for the luck. I have a feeling it will be in no time that one of my “brilliant’ venture ideas will be tried (with hopeful high returns). ;)

]]> By: Laurenhttp://www.moneyfunk.net/finances/could-i-be-cutting-myself-short/#comment-3794 Lauren Sun, 17 Jan 2010 01:44:18 +0000 http://www.moneyfunk.net/?p=4795#comment-3794 My husband and I will finish paying off over $32K (that's right, 32 THOUSAND DOLLARS) of credit card debt in the next two months. It took an absolutely DRASTIC change in my spending habits - so I can totally relate to what you are saying. I started taking the bus, buying all my clothing at thrift stores (or trading with friends), growing out my hair (instead of cutting/highlighting every two months), eating at home/leftovers, etc., in order to do it. Now, we've learned to live on a tiny budget. Our strategy is to invest in real estate. We currently live in a 4-plex that my husband purchased before we met. It almost pays for itself, and if we buy a couple more properties, we will be making income. We're planning to tough it out for the next five years (budget-wise) and be able to retire at the ripe old age of 35. The rest of my passive income strategies are just gravy on top. :) My husband and I will finish paying off over $32K (that’s right, 32 THOUSAND DOLLARS) of credit card debt in the next two months. It took an absolutely DRASTIC change in my spending habits – so I can totally relate to what you are saying. I started taking the bus, buying all my clothing at thrift stores (or trading with friends), growing out my hair (instead of cutting/highlighting every two months), eating at home/leftovers, etc., in order to do it. Now, we’ve learned to live on a tiny budget. Our strategy is to invest in real estate. We currently live in a 4-plex that my husband purchased before we met. It almost pays for itself, and if we buy a couple more properties, we will be making income. We’re planning to tough it out for the next five years (budget-wise) and be able to retire at the ripe old age of 35. The rest of my passive income strategies are just gravy on top. :)

]]> By: Brianhttp://www.moneyfunk.net/finances/could-i-be-cutting-myself-short/#comment-3792 Brian Fri, 15 Jan 2010 23:59:16 +0000 http://www.moneyfunk.net/?p=4795#comment-3792 I think a healthy balance between the options is in order. You can live minimally while spending money to make money, and pay off debt. Its just about allocation. Now, *TIME* is what may become the problem. I think you are right with the idea of investing $500-$1000 into the market or into a new venture, with the idea of much greater returns in the future. Best of luck as always. I think a healthy balance between the options is in order. You can live minimally while spending money to make money, and pay off debt. Its just about allocation. Now, *TIME* is what may become the problem.

I think you are right with the idea of investing $500-$1000 into the market or into a new venture, with the idea of much greater returns in the future. Best of luck as always.

]]> By: Financial Samuraihttp://www.moneyfunk.net/finances/could-i-be-cutting-myself-short/#comment-3791 Financial Samurai Fri, 15 Jan 2010 22:45:31 +0000 http://www.moneyfunk.net/?p=4795#comment-3791 Sounds like you have spending paralysis like me! Let "freement" reign! Sounds like you have spending paralysis like me! Let “freement” reign!

]]> By: Financial Samuraihttp://www.moneyfunk.net/finances/could-i-be-cutting-myself-short/#comment-3790 Financial Samurai Fri, 15 Jan 2010 22:44:22 +0000 http://www.moneyfunk.net/?p=4795#comment-3790 Hey you two! Nice to see you a relationship blossom between y'all from IJ's guest post, Money Funk's comment, and IJ's rebuttal! Very neat! Money Funk, just feel good that it's 70-75 degrees in LA in the middle of winter. That, to me is worth at least $100,000/yr! :) What about not spending money on anything other than the income from the site! Spending money to make money is just called investing. Best, Sam Hey you two! Nice to see you a relationship blossom between y’all from IJ’s guest post, Money Funk’s comment, and IJ’s rebuttal! Very neat!

Money Funk, just feel good that it’s 70-75 degrees in LA in the middle of winter. That, to me is worth at least $100,000/yr! :)

What about not spending money on anything other than the income from the site!

Spending money to make money is just called investing.

Best, Sam

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