Comments on: None of My Business http://www.milliondollarjourney.com/none-of-my-business.htm Building Wealth through Saving and Investing Fri, 19 Mar 2010 19:36:23 -0400 http://wordpress.org/?v=abc hourly 1 By: Briefcases http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105696 Briefcases Fri, 02 Oct 2009 23:14:15 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105696 Yeah that is a tough call. I would be very tempted to tell these people the big mistakes they are making. While it is technically not your business, you happen to know what's best for them. It is just a matter of wording it nicely enough that they don't get offended. Yeah that is a tough call. I would be very tempted to tell these people the big mistakes they are making. While it is technically not your business, you happen to know what’s best for them. It is just a matter of wording it nicely enough that they don’t get offended.

]]> By: used tires http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105573 used tires Tue, 29 Sep 2009 15:34:18 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105573 Perhaps this happens because people see trust in you, because of perhaps the energy or vibe that comes off from you. And as far as financial advising it is a tough thing, just like politics people have their strong opinions and are fixed on it... As you know by now... I am in my third year of Finance at College, and even from my professors stories they experience the same things when trying to advise others with their finances. Till then, Jean Perhaps this happens because people see trust in you, because of perhaps the energy or vibe that comes off from you. And as far as financial advising it is a tough thing, just like politics people have their strong opinions and are fixed on it… As you know by now… I am in my third year of Finance at College, and even from my professors stories they experience the same things when trying to advise others with their finances.

Till then,

Jean

]]> By: Canada Deals http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105549 Canada Deals Tue, 29 Sep 2009 04:33:22 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105549 Frankly I'm surprised by the consensus of "stay out of it". I understand that it can be considered intrusive to offer advice when it's not being asked for but there are ways of getting your point across without being rude... aren't there? My $0.02. Frankly I’m surprised by the consensus of “stay out of it”. I understand that it can be considered intrusive to offer advice when it’s not being asked for but there are ways of getting your point across without being rude… aren’t there? My $0.02.

]]> By: Kathryn http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105506 Kathryn Sun, 27 Sep 2009 19:24:01 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105506 Tommy: I haven't heard of Crucial Conversations but it looks really good. It's really highly rated on amazon too. It looks like an excellent book. Thanks for the recommendation. I'll be sure read it. Tommy: I haven’t heard of Crucial Conversations but it looks really good. It’s really highly rated on amazon too. It looks like an excellent book. Thanks for the recommendation. I’ll be sure read it.

]]> By: Tommy O'Dell http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105496 Tommy O'Dell Sun, 27 Sep 2009 13:09:50 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105496 Hi Kathryn, Have you ever come across a book called Crucial Conversations? http://personalmba.com/review/crucial-conversations/ I read it a few months ago and it's totally reshaped how I give difficult advice. It teaches you how to deliver difficult messages in a way that's "hearable" to the receiver. The result - I'm much more comfortable giving my two cents knowing that my advice is now likely to be well received. For someone like yourself who gives a lot of difficult financial advice, I'm sure much of the content is gonna familiar to you (at least intuitively). But I imagine at least it could help tie things together. If you'd like to know more about it, please drop me a line. Hi Kathryn,

Have you ever come across a book called Crucial Conversations?

http://personalmba.com/review/crucial-conversations/

I read it a few months ago and it’s totally reshaped how I give difficult advice. It teaches you how to deliver difficult messages in a way that’s “hearable” to the receiver. The result – I’m much more comfortable giving my two cents knowing that my advice is now likely to be well received. For someone like yourself who gives a lot of difficult financial advice, I’m sure much of the content is gonna familiar to you (at least intuitively). But I imagine at least it could help tie things together.

If you’d like to know more about it, please drop me a line.

]]> By: Canada Deals http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105476 Canada Deals Fri, 25 Sep 2009 22:43:22 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105476 Um, where did my comment go? Did I say something wrong?! Um, where did my comment go? Did I say something wrong?!

]]> By: Forex Hacked Review http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105474 Forex Hacked Review Fri, 25 Sep 2009 20:42:21 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105474 Good read, definitely will pass this one along. Everybody feels entitled to too much, that is what I get from this read. Good read, definitely will pass this one along. Everybody feels entitled to too much, that is what I get from this read.

]]> By: Four Pillars http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105468 Four Pillars Fri, 25 Sep 2009 12:45:34 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105468 <i>he replied that he wouldn’t be able to do it on the stairs then</i> Lol - thanks for the laugh! Good point about lifestyle - that's hard to influence in a 2 minute (or less) conversation. he replied that he wouldn’t be able to do it on the stairs then

Lol – thanks for the laugh!

Good point about lifestyle – that’s hard to influence in a 2 minute (or less) conversation.

]]> By: CanadianDad http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105466 CanadianDad Fri, 25 Sep 2009 12:14:27 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105466 Some professions would introduce an ethical duty to step in, I think it's because the knowledge required to be an expert in that field is seemingly more complicated than money management. No one really knows about bodily health and would have no problem taking unsolicited advice from a doctor. Many people aren't car experts, and wouldn't mind an honest tip from a mechanic. When it comes to money and the personal management of it, many people don't know very much or execute well at all. Because they've been using money for most of their lives, though, they think that they know all there is to know. Buying consumer goods, paying bills, paying taxes, contributing to RRSP's...that's ALL there is to personal finance, right? Teenagers seem to know everything, and would get testy should you suggest otherwise. I guess when it comes to money management, many people are the same way! Some professions would introduce an ethical duty to step in, I think it’s because the knowledge required to be an expert in that field is seemingly more complicated than money management.

No one really knows about bodily health and would have no problem taking unsolicited advice from a doctor.
Many people aren’t car experts, and wouldn’t mind an honest tip from a mechanic.

When it comes to money and the personal management of it, many people don’t know very much or execute well at all. Because they’ve been using money for most of their lives, though, they think that they know all there is to know. Buying consumer goods, paying bills, paying taxes, contributing to RRSP’s…that’s ALL there is to personal finance, right?

Teenagers seem to know everything, and would get testy should you suggest otherwise. I guess when it comes to money management, many people are the same way!

]]> By: kenyantykoon http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105465 kenyantykoon Fri, 25 Sep 2009 08:17:51 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105465 it is also the same with me but to a lower extent because once they tell me their business, it becomes my business and thus i get all over it with my reviews and criticisms. but there are some times that one must mind their own business it is also the same with me but to a lower extent because once they tell me their business, it becomes my business and thus i get all over it with my reviews and criticisms. but there are some times that one must mind their own business

]]> By: archanfel http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105464 archanfel Fri, 25 Sep 2009 05:56:32 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105464 My opinion is there are financial choices and there are life-style choices. While the former is more calculated, the later is far more subjective. Take smoking for example, we all know it's bad for you, but it's perfectly normal for somebody to make a life style choice to exchange a long healthy life for a few years of enjoyment. There's nothing wrong with it. Another example is buying a house. We can argue about buying v.s. renting for all eternity, but it usually comes down to a life-style choice more than a financial choice. I once told somebody to live with their parents for a while before buying a house, he replied that he wouldn't be able to do it on the stairs then, I shut up. :) I think the one suggestions we can give anybody is for them to frequent website like this and financial forums more. People are far more direct on the Internet. My opinion is there are financial choices and there are life-style choices. While the former is more calculated, the later is far more subjective. Take smoking for example, we all know it’s bad for you, but it’s perfectly normal for somebody to make a life style choice to exchange a long healthy life for a few years of enjoyment. There’s nothing wrong with it. Another example is buying a house. We can argue about buying v.s. renting for all eternity, but it usually comes down to a life-style choice more than a financial choice. I once told somebody to live with their parents for a while before buying a house, he replied that he wouldn’t be able to do it on the stairs then, I shut up. :)

I think the one suggestions we can give anybody is for them to frequent website like this and financial forums more. People are far more direct on the Internet.

]]> By: JFG http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105463 JFG Fri, 25 Sep 2009 02:46:38 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105463 Because financial advice is based on past performance. And in all honesty, it's not the best advice. Take the Variable rate mortgage example from above. what if I would have taken that five years close in early '80's and you stick to your flex. I would have missed the +20% while you, well, you know. I don't give advice. I tell them my thoughts (if they ask) and let them make their own minds (you can lead a horse to water....) My investing philosophy is that I always put a little in cash. Why? for when something like last year brought. i purchased stocks when they were lower. My philosophy, and I like it. Doesn't mean you HAVE to agree with me. Because financial advice is based on past performance. And in all honesty, it’s not the best advice.

Take the Variable rate mortgage example from above.

what if I would have taken that five years close in early ’80’s and you stick to your flex. I would have missed the +20% while you, well, you know.

I don’t give advice. I tell them my thoughts (if they ask) and let them make their own minds (you can lead a horse to water….)

My investing philosophy is that I always put a little in cash. Why? for when something like last year brought. i purchased stocks when they were lower. My philosophy, and I like it. Doesn’t mean you HAVE to agree with me.

]]> By: Four Pillars http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105461 Four Pillars Fri, 25 Sep 2009 01:52:43 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105461 I think if you see someone about to walk off the financial abyss then you should say something even if they don't want to listen. It's rarely that clear cut however. :) I think if you see someone about to walk off the financial abyss then you should say something even if they don’t want to listen.

It’s rarely that clear cut however. :)

]]> By: Kathryn http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105460 Kathryn Fri, 25 Sep 2009 01:34:57 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105460 The consensus seems to be it's best to stay out of it. I wondered if more would comment that I had an ethical duty to speak up if I knew someone was about to make a huge financial mistake. I like the idea of saying, "I know of another situation where..." as it's not direct advice or as Ms Save Money suggested giving them a question to think about. The consensus seems to be it’s best to stay out of it. I wondered if more would comment that I had an ethical duty to speak up if I knew someone was about to make a huge financial mistake.

I like the idea of saying, “I know of another situation where…” as it’s not direct advice or as Ms Save Money suggested giving them a question to think about.

]]> By: Michael http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105459 Michael Fri, 25 Sep 2009 01:05:01 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105459 Most people are beyond help. I attended a friend's birthday dinner back in November when the market was tanking, and several friends were moaning (though not getting in to specifics) about the sorry state of their finances, and wrote it off that they were in the same situation as everyone else. Feeling the need to snap them out of their stupor, I said "actually, I've never been better" (which was/is true). I know their bad habits and that they won't change for any reason short of something catastrophic, so I thought I may as well enjoy myself for a moment. Naturally we don't talk about finances on any level any more. Most people are beyond help. I attended a friend’s birthday dinner back in November when the market was tanking, and several friends were moaning (though not getting in to specifics) about the sorry state of their finances, and wrote it off that they were in the same situation as everyone else. Feeling the need to snap them out of their stupor, I said “actually, I’ve never been better” (which was/is true). I know their bad habits and that they won’t change for any reason short of something catastrophic, so I thought I may as well enjoy myself for a moment. Naturally we don’t talk about finances on any level any more.

]]> By: Ms Save Money http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105456 Ms Save Money Thu, 24 Sep 2009 22:34:19 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105456 Here is something to think about - if someone is making a "financial mistake" and they seem to be adamant about the decision you don't need to give them advice - BUT I think that instead of giving advice - give them a question to think about. Here is something to think about – if someone is making a “financial mistake” and they seem to be adamant about the decision you don’t need to give them advice – BUT I think that instead of giving advice – give them a question to think about.

]]> By: Canada Deals http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105453 Canada Deals Thu, 24 Sep 2009 21:34:05 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105453 "if someone is in financial danger, should I be willing to speak up more often, even when someone’s choice has already been made?" I say "yes". They will still continue to make bad choices down the road but they won't know what they're doing wrong, until someone like you, spells it out for them. “if someone is in financial danger, should I be willing to speak up more often, even when someone’s choice has already been made?”

I say “yes”. They will still continue to make bad choices down the road but they won’t know what they’re doing wrong, until someone like you, spells it out for them.

]]> By: Michael - The Fat Loss Authority http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105452 Michael - The Fat Loss Authority Thu, 24 Sep 2009 19:07:17 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105452 Hey... your not Kathryn! I thought you were a sketch with wavy hair:) Good article as always Kathryn. As Sarlock pointed out above, it's still very much a taboo subject and that's why you don't hear it being talked about more openly and honestly. Mike Hey… your not Kathryn!
I thought you were a sketch with wavy hair:)

Good article as always Kathryn. As Sarlock pointed out above, it’s still very much a taboo subject and that’s why you don’t hear it being talked about more openly and honestly.

Mike

]]> By: Sarlock http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105451 Sarlock Thu, 24 Sep 2009 18:43:51 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105451 The greatest gift you can give to your children is a solid understanding of money and finances. It is such an important part of our lives and yet it remains a taboo subject in many families. On the advice front, it's wasted breath to instruct someone on finances if they aren't asking and willing to receive an uncomfortable answer. It's like telling a smoker they shouldn't smoke... they know they shouldn't but they still don't want you to tell them that. The greatest gift you can give to your children is a solid understanding of money and finances. It is such an important part of our lives and yet it remains a taboo subject in many families.

On the advice front, it’s wasted breath to instruct someone on finances if they aren’t asking and willing to receive an uncomfortable answer. It’s like telling a smoker they shouldn’t smoke… they know they shouldn’t but they still don’t want you to tell them that.

]]> By: Carmen http://www.milliondollarjourney.com/none-of-my-business.htm/comment-page-1#comment-105450 Carmen Thu, 24 Sep 2009 18:36:21 +0000 http://www.milliondollarjourney.com/?p=1037#comment-105450 some people you just want to shake and ask them "are you kidding!". but definately, dont give FINANCIAL advice unless they ask. some people you just want to shake and ask them “are you kidding!”. but definately, dont give FINANCIAL advice unless they ask.

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