Comments on: Starbucks Is Not Making You Poor http://www.moneycrashers.com/starbucks-is-not-making-you-poor/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 19:29:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Machttp://www.moneycrashers.com/starbucks-is-not-making-you-poor/#comment-10506 Mac Thu, 25 Mar 2010 02:54:34 +0000 http://moneycrashers.com/?p=67#comment-10506 Agree completely about buying used cars. That IS the way to go, especially if the car is still fairly new and under warranty. Basically, good as new, but with most of the depreciation already done. With both of our cars fully paid off, I should start to save the monthly car loan and pay myself with it, but we're now trying to sell our depreciated house too, so I'll need every cent to try to put money down on the next one. :( Agree completely about buying used cars. That IS the way to go, especially if the car is still fairly new and under warranty. Basically, good as new, but with most of the depreciation already done. With both of our cars fully paid off, I should start to save the monthly car loan and pay myself with it, but we’re now trying to sell our depreciated house too, so I’ll need every cent to try to put money down on the next one. :(

]]> By: Erikhttp://www.moneycrashers.com/starbucks-is-not-making-you-poor/#comment-1253 Erik Thu, 18 Jan 2007 05:02:58 +0000 http://moneycrashers.com/?p=67#comment-1253 I couldn't disagree with you more, but that's okay. We are both entitled to our opinions. You can read my comment on the post that you referenced about the Dave Ramsey "drive free" plan. I will never accept the idea of saving the money you would use to pay for something in cash and put it in the bank to make interest, because it does not factor in the RISK. Risk has a quantitative value, and it plays a huge role in the profitability and reliability of an investment. Yeah, you could take out a home equity loan at 6% and make 10% in a mutual fund if you play your cards right, but it's not that simple. What if you lose your job, and that mutual fund is having a down year? Uh oh! I couldn’t disagree with you more, but that’s okay. We are both entitled to our opinions. You can read my comment on the post that you referenced about the Dave Ramsey “drive free” plan. I will never accept the idea of saving the money you would use to pay for something in cash and put it in the bank to make interest, because it does not factor in the RISK. Risk has a quantitative value, and it plays a huge role in the profitability and reliability of an investment. Yeah, you could take out a home equity loan at 6% and make 10% in a mutual fund if you play your cards right, but it’s not that simple. What if you lose your job, and that mutual fund is having a down year? Uh oh!

]]> By: Lazy Man and Moneyhttp://www.moneycrashers.com/starbucks-is-not-making-you-poor/#comment-1252 Lazy Man and Money Thu, 18 Jan 2007 00:34:56 +0000 http://moneycrashers.com/?p=67#comment-1252 The car thing sounds like Dave Ramsey's Drive Free plan. Unfortunately <a href="http://www.thetaoofmakingmoney.com/2007/01/08/176.html" rel="nofollow">here are a number of reasons why it doesn't necessarily work</a>. You'll save some money buying used, but you typically get what you pay for. If you can get a 0% car loan, (or even 3%) it's better to get it as you can put that money in a bank and make more on the interest than you are paying. Not all debt is bad debt. It depends on the percentage. The car thing sounds like Dave Ramsey’s Drive Free plan. Unfortunately here are a number of reasons why it doesn’t necessarily work.

You’ll save some money buying used, but you typically get what you pay for. If you can get a 0% car loan, (or even 3%) it’s better to get it as you can put that money in a bank and make more on the interest than you are paying. Not all debt is bad debt. It depends on the percentage.

]]> By: traineeinvestorhttp://www.moneycrashers.com/starbucks-is-not-making-you-poor/#comment-1249 traineeinvestor Wed, 17 Jan 2007 05:10:25 +0000 http://moneycrashers.com/?p=67#comment-1249 I agree that big items lead to bigger savings than small items. Cars, vacations and consumer electronics are three of the most obvious areas where most people can make significant savings. That said, regular savings on small things can still be meaningful - especially when you are younger and your income and savings are likely to be smaller and will also benefit from many more years of compound returnss I agree that big items lead to bigger savings than small items. Cars, vacations and consumer electronics are three of the most obvious areas where most people can make significant savings.

That said, regular savings on small things can still be meaningful – especially when you are younger and your income and savings are likely to be smaller and will also benefit from many more years of compound returnss

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