Comments on: Book Review: Die Broke http://www.moneysmartsblog.com/book-review-die-broke/ Investing and Personal Finance Sat, 31 Jul 2010 15:45:55 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mr. Cheap http://www.moneysmartsblog.com/book-review-die-broke/comment-page-1/#comment-10183 Mr. Cheap Thu, 08 Jan 2009 15:12:26 +0000 http://www.moneysmartsblog.com/?p=2632#comment-10183 DVI: Yes, I've heard about that situation too. Apparently he was unhappy about some public event she did (a talk show or a book or something). There's a lot of drama surrounding Warren Buffett that people seldom talk about. For a while there I think he was basically polygamous (two wives - http://www.theage.com.au/news/world/buffett-ties-knot-at-seafood-restaurant/2006/09/02/1156817151327.html). Aren't we the gossips? ;-) DVI: Yes, I’ve heard about that situation too. Apparently he was unhappy about some public event she did (a talk show or a book or something).

There’s a lot of drama surrounding Warren Buffett that people seldom talk about. For a while there I think he was basically polygamous (two wives – http://www.theage.com.au/news/world/buffett-ties-knot-at-seafood-restaurant/2006/09/02/1156817151327.html).

Aren’t we the gossips? ;-)

]]> By: Dividend Growth Investor http://www.moneysmartsblog.com/book-review-die-broke/comment-page-1/#comment-10181 Dividend Growth Investor Thu, 08 Jan 2009 14:33:53 +0000 http://www.moneysmartsblog.com/?p=2632#comment-10181 Mr Cheap I though he was a jerk to his Granddaughter, which is not really related to him by blood - her mom had her from another man and then the mom of the granddaughter married one of Warren's sons. 40K/year however is hardly a low income imho.. But I don't live on the west coast so it might be pocket change there :-) Mr Cheap I though he was a jerk to his Granddaughter, which is not really related to him by blood – her mom had her from another man and then the mom of the granddaughter married one of Warren’s sons. 40K/year however is hardly a low income imho.. But I don’t live on the west coast so it might be pocket change there :-)

]]> By: Mr. Cheap http://www.moneysmartsblog.com/book-review-die-broke/comment-page-1/#comment-10169 Mr. Cheap Thu, 08 Jan 2009 02:37:29 +0000 http://www.moneysmartsblog.com/?p=2632#comment-10169 WC: Yes, he's kind of a jerk to his daughter from what I've read (at least in terms of withholding money - I get the impression she feels that having the one-time richest man in the world as a father should have more financial benefits than it does). I'll look forward to your post! WC: Yes, he’s kind of a jerk to his daughter from what I’ve read (at least in terms of withholding money – I get the impression she feels that having the one-time richest man in the world as a father should have more financial benefits than it does).

I’ll look forward to your post!

]]> By: Writer's Coin http://www.moneysmartsblog.com/book-review-die-broke/comment-page-1/#comment-10166 Writer's Coin Thu, 08 Jan 2009 01:52:39 +0000 http://www.moneysmartsblog.com/?p=2632#comment-10166 Warren Buffett would agree with him: he doesn't believe in passing on the wealth to the next generation. Only he's giving it away to charity, not spending it. I'm actually going to write a post on "dynastic wealth," as Buffett calls it, pretty soon. It's an interesting argument. Warren Buffett would agree with him: he doesn’t believe in passing on the wealth to the next generation. Only he’s giving it away to charity, not spending it. I’m actually going to write a post on “dynastic wealth,” as Buffett calls it, pretty soon. It’s an interesting argument.

]]> By: Mr. Cheap http://www.moneysmartsblog.com/book-review-die-broke/comment-page-1/#comment-10164 Mr. Cheap Thu, 08 Jan 2009 00:32:57 +0000 http://www.moneysmartsblog.com/?p=2632#comment-10164 DGI: Yes, you make an excellent point and I agree that chasing retirement with dreams of sloth is a weird goal to have. Equally, waiting until the end of your life to follow your dreams is like waiting until you're a senior citizen before you have sex (as Warren Buffett so eloquently put it). Heck, that's why I'm back at grad school now :-). It was originally one of my "retirement projects" and a friend challenged me on why I was waiting to do it. DGI: Yes, you make an excellent point and I agree that chasing retirement with dreams of sloth is a weird goal to have.

Equally, waiting until the end of your life to follow your dreams is like waiting until you’re a senior citizen before you have sex (as Warren Buffett so eloquently put it).

Heck, that’s why I’m back at grad school now :-) . It was originally one of my “retirement projects” and a friend challenged me on why I was waiting to do it.

]]> By: Dividend Growth Investor http://www.moneysmartsblog.com/book-review-die-broke/comment-page-1/#comment-10162 Dividend Growth Investor Wed, 07 Jan 2009 22:30:08 +0000 http://www.moneysmartsblog.com/?p=2632#comment-10162 Mr Cheap, I have always found the question about the whole retirement thing very weird. If you really like adding and subtracting numbers , then why don't you find a career doing accounting or some sort of business work right away, rather than say become a rock star, just because everyone else is doing it? Wishing your life away for 40 years at a job you hate in order to build a nest egg that would support you financially while you realize your dream of building sand castles is a life badly spent. If you wish to watch TV all your life then you could still do so - collect unemployment benefits and then social security and you are set for life :-) The above examples are all exaggerations, but you should get my point. Wake up and start building your dreams, otherwise they will never come to you. Mr Cheap,

I have always found the question about the whole retirement thing very weird. If you really like adding and subtracting numbers , then why don’t you find a career doing accounting or some sort of business work right away, rather than say become a rock star, just because everyone else is doing it?

Wishing your life away for 40 years at a job you hate in order to build a nest egg that would support you financially while you realize your dream of building sand castles is a life badly spent.

If you wish to watch TV all your life then you could still do so – collect unemployment benefits and then social security and you are set for life :-)

The above examples are all exaggerations, but you should get my point. Wake up and start building your dreams, otherwise they will never come to you.

]]> By: Mr. Cheap http://www.moneysmartsblog.com/book-review-die-broke/comment-page-1/#comment-10148 Mr. Cheap Wed, 07 Jan 2009 13:32:03 +0000 http://www.moneysmartsblog.com/?p=2632#comment-10148 TSrump: I don't think his argument isn't that people will NEED a job, as much as they should WANT one. To use Mike as an example, say at 65 he stopped working at his day job and kept working on the 8 blogs he's maintaining by that point. Maybe when he's 70 he'll cut back to 5, and when he's 75 he'll cut back to 3. Yes, he's still working at 65 but doing something he enjoys (instead of something he doesn't). Its not being force to keep up the grind as much as staying a valued, contributing part of society (and hopefully doing something you enjoy). TSrump: I don’t think his argument isn’t that people will NEED a job, as much as they should WANT one.

To use Mike as an example, say at 65 he stopped working at his day job and kept working on the 8 blogs he’s maintaining by that point. Maybe when he’s 70 he’ll cut back to 5, and when he’s 75 he’ll cut back to 3. Yes, he’s still working at 65 but doing something he enjoys (instead of something he doesn’t).

Its not being force to keep up the grind as much as staying a valued, contributing part of society (and hopefully doing something you enjoy).

]]> By: TStrump http://www.moneysmartsblog.com/book-review-die-broke/comment-page-1/#comment-10143 TStrump Wed, 07 Jan 2009 05:31:57 +0000 http://www.moneysmartsblog.com/?p=2632#comment-10143 Job security is definitely dead. People are being let go where I work (some after 30 yrs) Hopefully, I won't need a job until I'm 65. Job security is definitely dead.
People are being let go where I work (some after 30 yrs)
Hopefully, I won’t need a job until I’m 65.

]]> By: Mr. Cheap http://www.moneysmartsblog.com/book-review-die-broke/comment-page-1/#comment-10138 Mr. Cheap Tue, 06 Jan 2009 13:00:56 +0000 http://www.moneysmartsblog.com/?p=2632#comment-10138 For those most part I think many of his ideas aren't dependent on each other. If you wanted to read about his take on annuities and insurance (or how to tell your kids they're not going to get a cent ;-), but not how to work until you drop dead, the information is still pretty useful. For those most part I think many of his ideas aren’t dependent on each other. If you wanted to read about his take on annuities and insurance (or how to tell your kids they’re not going to get a cent ;-) , but not how to work until you drop dead, the information is still pretty useful.

]]> By: Four Pillars http://www.moneysmartsblog.com/book-review-die-broke/comment-page-1/#comment-10137 Four Pillars Tue, 06 Jan 2009 12:12:50 +0000 http://www.moneysmartsblog.com/?p=2632#comment-10137 Hmmm....I'm not crazy about the 'keep working' part! Hmmm….I’m not crazy about the ‘keep working’ part!

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