tag:blogger.com,1999:blog-4958504312881273309.post8517483940734324489..comments2024-03-23T10:02:32.181-06:00Comments on LobotoME Brain Fog Blog: { spend smart. live rich. }LobotoMEhttp://www.blogger.com/profile/11975699477662736911noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-4958504312881273309.post-75131768434612329462008-07-07T20:47:00.000-06:002008-07-07T20:47:00.000-06:00see my post for today:www.dmoms.blogspot.comsee my post for today:<BR/><BR/>www.dmoms.blogspot.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4958504312881273309.post-18742064020182526882008-07-07T18:03:00.000-06:002008-07-07T18:03:00.000-06:00Hi Lisa - I would SELL stuff right away - list stu...Hi Lisa - <BR/><BR/>I would SELL stuff right away - list stuff that you don't use or no longer need on craiglist, ebay or have a yard sale. Do it within the next few weeks. Just get rid of stuff and bring some "unexpected" cash IN.<BR/>I know a sahm mom who started waitressing 2 nights a week at a popular restaurant to get $ towards their emergency fund and start paying off debt. She brings in anywhere from $100-200 night in tips!<BR/>See what you can CUT out of your budget this coming month...?<BR/>Anyone else have any ideas for Lisa?<BR/><BR/>J :)LobotoMEhttps://www.blogger.com/profile/11975699477662736911noreply@blogger.comtag:blogger.com,1999:blog-4958504312881273309.post-34827151889916070712008-07-07T17:58:00.000-06:002008-07-07T17:58:00.000-06:00What advice do you have for people to get the $100...What advice do you have for people to get the $1000 + emergency fund right away?<BR/><BR/>Thanks, <BR/>LisaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4958504312881273309.post-77782496985700282262008-07-07T17:56:00.000-06:002008-07-07T17:56:00.000-06:00sorry i should make that more clear - i think that...sorry i should make that more clear - i think that real estate should be looked at as MORE than DEBT - it can (if you are wise about it) be an investment. does that make sense?LobotoMEhttps://www.blogger.com/profile/11975699477662736911noreply@blogger.comtag:blogger.com,1999:blog-4958504312881273309.post-5842261663918278572008-07-07T17:27:00.000-06:002008-07-07T17:27:00.000-06:00hi all! there are a few things i don't agree with...hi all! there are a few things i don't agree with about dave ramsey's method - but first i want to again mention that anyone that has debt or is considering taking on MORE debt SHOULD read his book.<BR/>a few things:<BR/>1) I think that debt should be paid off according to highest interest. I get the philosophy that if you pay off your lowest $ amount debt first you will be motivated to keep going but I think that debt payoff should happen according to debt that is costing you the most money. For example, if you have $8,000 car payment at 0% interest and $10,000 credit card debt at 17% interest I think you are crazy not to pay off the CC FIRST. I get that small victories keep people motivated but I personally would go after highest interest debt FIRST.<BR/>2) I think that buying a home CAN be an investment - if you have a good amt. to put down, are in a geographic area that is booming, etc...We didn't have cash to buy our home - we did have $100,000 to put down ($50K in equity built from the last house and $50K in cash). If we hadn't bought our home 7 years ago and taken out a LOAN we couldn't AFFORD to buy a home in the town we live in now. Our $300K house is now WORTH over $1,000,000 (even in this slowdown of a market). That is an INVESTMENT people - even if we do have a mortgage. <BR/>3) I also think that $1,000 emergency fund isn't going to help much in a true emergency...I would advocate 3-6 months living expenses in a savings account FIRST. So combining his step #1 & 3.<BR/>so those are just a few of the reasons that I'm not a HUGE fan. Again, I respect his work and am very glad he helps many people become debt free but his plan itself isn't the one I am following.LobotoMEhttps://www.blogger.com/profile/11975699477662736911noreply@blogger.comtag:blogger.com,1999:blog-4958504312881273309.post-51740556925761444912008-07-07T16:42:00.000-06:002008-07-07T16:42:00.000-06:00i'm curious too as to why you didn't like dave ram...i'm curious too as to why you didn't like dave ramseys book as much. I like Suze Orman and David Bach too though. I have their books as well. <BR/><BR/>Dave Ramsey's book really hit home to me in regards to debtAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4958504312881273309.post-59384653129747573532008-07-07T12:21:00.000-06:002008-07-07T12:21:00.000-06:00why don't you like dave ramseys book more than the...why don't you like dave ramseys book more than the others? just curious?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4958504312881273309.post-77700789558224455912008-07-07T09:23:00.000-06:002008-07-07T09:23:00.000-06:00great tips & book ideas! i am still on the hold l...great tips & book ideas! i am still on the hold list for dave ramsey's book at the library so i'll try some of these others! thanks!<BR/>JennaAnonymousnoreply@blogger.com