Sunday, April 20, 2014
Ben Kim's Last Post
The topic "Your Money or Your Life", is based off of a book written by Joe Dominguez. His purpose was to inform us about how corrupt society is and how we spend our money. We work and earn it but we blindly spend it all and eventually "trash it" as Mr. Money Mustache says. Joe Dominguez wants us to stay away from that habit and use money efficiently so that we can all live a optimum lifestyle. "Americans kept working more so they could borrow more and buy more, we grew much fatter and less happy, and generally continue to live our lives in the most blind and inefficient way possible on average." This quote is pretty accurate because Americans, as consumers, are an easy target to get. They are hard-working people but they spend their money inefficiently, for example eating out, upgrading cars, etc. People need to invest their money and use it when the situation is important. The thing I liked the most about this blog is that he is telling us the truth. As consumers, we use our money inefficiently and it's a bad habit of spending money on things we practically wouldn't need. I work as a waiter for my parents' restaurant and when I get paid, I would instantly spend all of it on food and clothes. The things I want has constantly blinded me and it bruised my wallet quite a bit. The only thing I disliked about this blog is that it was sort of biased. It should have featured some opinions about why people spend their money. In other words, I liked this blog and how it connected to my own life.
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We do trash our money. It is sad, but true that we trash our money because we spend it on worthless things. We express are wants more then our needs, and end up leading a life of misery. The quote was good because it told us as people what we needed to do. If we just invested our money on useful things our lives would become much easier, Money is a cruel crutch that can hold you back from your life's potential!
ReplyDeleteIt's hard for many of us to hear, especially if we think we're wise spenders, but we need to recognize the importance of how we spend our money. Too many people are living pay check to pay check, not necessarily because they have to but because that's their lifestyle. I think we all need to readjust the way we spend and save in order to win this game instead of merely surviving through debt.
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ReplyDeleteI agree with this. Spending money efficiently is really an important key to being smart with your money. too many people blindly spend their money, and it adds up quicker than they think. A little bit every day turns into a lot later on; It adds up fast. Even though just buying this for a few dollars might not seem significant, doing it on a daily or more than weekly basis adds up unexpectedly fast, and can make a big impact quickly. People need to be aware of what their money is being spent on, and should have a plan for what they should be spending their money on on a monthly/weekly basis. these little things that money gets spent on here and there on things that aren't important are quite literally "thrown away" when you look back on it a month later.
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