Comments on: How To Get Your Finances In Order http://www.rooshv.com/how-to-get-your-finances-in-order Fri, 12 Mar 2010 22:49:05 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: Financial Planning http://www.rooshv.com/how-to-get-your-finances-in-order#comment-2868 Financial Planning Tue, 06 Feb 2007 19:49:56 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-2868 <strong>HOW TO GET YOUR FINANCES IN ORDER...</strong> Author: roth401k-articles Subject: Why Having a Budget Is the First Step to Getting Out of Debt Posted: Wed Feb 07, 2007 12:00 am (GMT 7) Topic Replies: 0 Many people constantly complain about being in debt but when you ask do you have a budget, do you... HOW TO GET YOUR FINANCES IN ORDER…

Author: roth401k-articles
Subject: Why Having a Budget Is the First Step to Getting Out of Debt
Posted: Wed Feb 07, 2007 12:00 am (GMT 7)
Topic Replies: 0
Many people constantly complain about being in debt but when you ask do you have a budget, do you…

]]> By: Jake http://www.rooshv.com/how-to-get-your-finances-in-order#comment-2059 Jake Tue, 16 Jan 2007 20:47:34 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-2059 Thanks for this spreadsheet. One of my new year's goals was to get a better handle on my personal finances and this spreadsheet is just about perfect for what I'm aiming for. It's amazing but it really does help you control spending when you can see how small (and often unnecessary) purchases affect the overall bottom line. Thanks again for posting this. Thanks for this spreadsheet. One of my new year’s goals was to get a better handle on my personal finances and this spreadsheet is just about perfect for what I’m aiming for. It’s amazing but it really does help you control spending when you can see how small (and often unnecessary) purchases affect the overall bottom line. Thanks again for posting this.

]]> By: wrytexan http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1956 wrytexan Sat, 13 Jan 2007 06:17:45 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1956 I agree with most of your ideas except the part about not stocking up on tuna helper. Oh yeah - and Starbucks if for fucking idiots. I agree with most of your ideas except the part about not stocking up on tuna helper. Oh yeah – and Starbucks if for fucking idiots.

]]> By: overview by nostrademons (on programming.reddit.com) http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1831 overview by nostrademons (on programming.reddit.com) Wed, 10 Jan 2007 15:54:27 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1831 <!--%kramer-ref-pre%-->[...] Cool idea, unfortunately doesn't seem to work well in practice. SmallTalk has a somewhat-usable variant though, where unary and binary operators are positional yet everything else is keywork-based. permalink How To Get Your Finances In Order [...]<!--%kramer-ref-post%--> [...] Cool idea, unfortunately doesn’t seem to work well in practice. SmallTalk has a somewhat-usable variant though, where unary and binary operators are positional yet everything else is keywork-based. permalink How To Get Your Finances In Order [...]

]]> By: Alejandra http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1824 Alejandra Wed, 10 Jan 2007 02:11:06 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1824 I agree...great post. I agree…great post.

]]> By: G http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1822 G Tue, 09 Jan 2007 21:10:20 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1822 Your reference to the paychecks needs a little more explanation. What I think you are saying is: if you get paid every two weeks, some months you will get three paychecks. Consider those paychecks to be bonuses. My situation is different- I am salaried at a full time job. We have 24 pay periods- twice a month. In our case, there is never a "third paycheck". Excellent post. Once you have your cash flow managed, and begin investing, Excel starts to lose charm. If you have options to track , with a number of vesting schedules, I would not want to debug the equations that calculate current value and when that is realizable. Other situations when Excel is out of scope would be multiple savings accounts, or an IRA, a brokerage, plus inherited shares, DRIP shares, tax implications of charitible giving. There are two primary vendors for personal cash and asset management - Quicken by Intuit and Money by Microsoft. A large variety of open source products exist (GNUCash is the one I remember reading about), but competing with closed source products will get more and more difficult . For instance, electronically transferring transactions is the biggest time savings that Quicken and Money offer (for the primary cash account). Newer versions of Quicken allow only a binary file to be transferred from big banks (as opposed to the old human readable text file); this binary file, and the transferring protocol ensure that duplicate transactions are not recorded. However, I believe EULAs cover the bank, and Intuit / Microsoft so that one would have to convince banks and financial institutions to offer a third format to avoid duplicates. Your reference to the paychecks needs a little more explanation.

What I think you are saying is: if you get paid every two weeks, some months you will get three paychecks. Consider those paychecks to be bonuses.

My situation is different- I am salaried at a full time job. We have 24 pay periods- twice a month. In our case, there is never a “third paycheck”.

Excellent post.

Once you have your cash flow managed, and begin investing, Excel starts to lose charm. If you have options to track , with a number of vesting schedules, I would not want to debug the equations that calculate current value and when that is realizable.

Other situations when Excel is out of scope would be multiple savings accounts, or an IRA, a brokerage, plus inherited shares, DRIP shares, tax implications of charitible giving.

There are two primary vendors for personal cash and asset management – Quicken by Intuit and Money by Microsoft. A large variety of open source products exist (GNUCash is the one I remember reading about), but competing with closed source products will get more and more difficult . For instance, electronically transferring transactions is the biggest time savings that Quicken and Money offer (for the primary cash account). Newer versions of Quicken allow only a binary file to be transferred from big banks (as opposed to the old human readable text file); this binary file, and the transferring protocol ensure that duplicate transactions are not recorded. However, I believe EULAs cover the bank, and Intuit / Microsoft so that one would have to convince banks and financial institutions to offer a third format to avoid duplicates.

]]> By: Gunslingergregi http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1817 Gunslingergregi Tue, 09 Jan 2007 17:42:21 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1817 I'm talking about in 4 years when I'm 35 I’m talking about in 4 years when I’m 35

]]> By: Gunslingergregi http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1816 Gunslingergregi Tue, 09 Jan 2007 17:36:23 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1816 "you don't need much money to live like a king in many parts of the world" Yea I wasn't talking about saving money to buy a million dollar house and a yacht in Ft. Lauderdal where nothing is going on lol Yea then it might be harder. “you don’t need much money to live like a king in many parts of the world”

Yea I wasn’t talking about saving money to buy a million dollar house and a yacht in Ft. Lauderdal where nothing is going on lol Yea then it might be harder.

]]> By: nabeel http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1815 nabeel Tue, 09 Jan 2007 17:15:04 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1815 OH one more thing... if you drink lots of juice and soda, give it up. Learn to appreciate water. That way you cut down your daily calorie counts by about 400-800, and you save up to 100 bucks a month on that stuff (if not more). Two birds in one stone. OH one more thing… if you drink lots of juice and soda, give it up. Learn to appreciate water. That way you cut down your daily calorie counts by about 400-800, and you save up to 100 bucks a month on that stuff (if not more). Two birds in one stone.

]]> By: nabeel http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1814 nabeel Tue, 09 Jan 2007 17:12:46 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1814 I do the same spreadsheet thing with my money... except that I don't have a full time job. I'm living from fellowship to fellowship, and that basically forced me to track my expenditures and my inconsistent income. your spreadsheet is more thorough than mine, I'll start using yours in tandem with mine and see which one I'm more comfortable with :) I do the same spreadsheet thing with my money… except that I don’t have a full time job. I’m living from fellowship to fellowship, and that basically forced me to track my expenditures and my inconsistent income.

your spreadsheet is more thorough than mine, I’ll start using yours in tandem with mine and see which one I’m more comfortable with :)

]]> By: Irina http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1813 Irina Tue, 09 Jan 2007 16:52:29 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1813 can i marry you? can i marry you?

]]> By: DC_Cookie http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1811 DC_Cookie Tue, 09 Jan 2007 16:23:40 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1811 I have a post saved in draft entitled "if I were single, I'd want to date Roosh." You have now given me reason to post it... I have a post saved in draft entitled “if I were single, I’d want to date Roosh.” You have now given me reason to post it…

]]> By: Roissy http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1807 Roissy Tue, 09 Jan 2007 05:25:19 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1807 "My friend was 57 and was sure as heck enjoying the money he was now making each month." it depends on your definition of enjoying. i know of a few guys in their 50s who, divorced and freewheeling, absconded with their retirement savings to thailand or the philippines and shacked up with local cuties half or even 2/3 their ages. these guys started small businesses doing things they always wanted to do, like selling antiques or running deep sea fishing excursions, but their real happiness flowed from the re-ignited passion for their young lovers. you don't need much money to live like a king in many parts of the world. why more older american guys with fat, nagging wives or ingrate adult children or coldhearted exes don't explore this option is beyond me. i guess the gravitational pull of the familiar keeps most people firmly secured to their miserable chains. leaving that aside, it's futile to think saving your money now to spend it ostentatiously and generously in retirement will lure younger women into an older man's orbit. the kind of obscene money that attracts a young hottie enough to overlook a 55 year old's jowly, wizened face is out of reach for most men no matter how diligently they follow their savings & investment strategies. he'd be better off spending his money as he makes it, enjoying his vibrant youth and rendevouz with quality ass, and settling stoically for jerking off once a year to holodeck porn in a japanese nursing home. “My friend was 57 and was sure as heck enjoying the money he was now making each month.”

it depends on your definition of enjoying. i know of a few guys in their 50s who, divorced and freewheeling, absconded with their retirement savings to thailand or the philippines and shacked up with local cuties half or even 2/3 their ages. these guys started small businesses doing things they always wanted to do, like selling antiques or running deep sea fishing excursions, but their real happiness flowed from the re-ignited passion for their young lovers. you don’t need much money to live like a king in many parts of the world. why more older american guys with fat, nagging wives or ingrate adult children or coldhearted exes don’t explore this option is beyond me. i guess the gravitational pull of the familiar keeps most people firmly secured to their miserable chains.

leaving that aside, it’s futile to think saving your money now to spend it ostentatiously and generously in retirement will lure younger women into an older man’s orbit. the kind of obscene money that attracts a young hottie enough to overlook a 55 year old’s jowly, wizened face is out of reach for most men no matter how diligently they follow their savings & investment strategies. he’d be better off spending his money as he makes it, enjoying his vibrant youth and rendevouz with quality ass, and settling stoically for jerking off once a year to holodeck porn in a japanese nursing home.

]]> By: Jewcano http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1803 Jewcano Tue, 09 Jan 2007 02:10:26 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1803 I'm young, debt-free and make money hand over fist. Of course, I buy my clothes in far more plebeian places than the French Connection. Reinforce your stereotypes here, silly Gentiles. I’m young, debt-free and make money hand over fist. Of course, I buy my clothes in far more plebeian places than the French Connection. Reinforce your stereotypes here, silly Gentiles.

]]> By: Gunslingergregi http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1801 Gunslingergregi Tue, 09 Jan 2007 00:54:49 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1801 Income per Month Income Per Year YEARS Starting Money Average Interest Total 468 5,616 YEAR 1 65,000 0.08 70,200 505 6,065 YEAR 2 0.08 75,816 546 6,551 YEAR 3 0.08 81,881 590 7,075 YEAR 4 0.08 88,432 637 7,641 YEAR 5 0.08 95,506 688 8,252 YEAR 6 0.08 103,147 743 8,912 YEAR 7 0.08 111,399 802 9,625 YEAR 8 0.08 120,310 866 10,395 YEAR 9 0.08 129,935 936 11,226 YEAR 10 0.08 140,330 1,010 12,125 YEAR 11 0.08 151,557 1,091 13,094 YEAR 12 0.08 163,681 1,179 14,142 YEAR 13 0.08 176,776 1,273 15,273 YEAR 14 0.08 190,918 1,375 16,495 YEAR 15 0.08 206,191 1,485 17,815 YEAR 16 0.08 222,686 1,603 19,240 YEAR 17 0.08 240,501 1,732 20,779 YEAR 18 0.08 259,741 1,870 22,442 YEAR 19 0.08 280,521 2,020 24,237 YEAR 20 0.08 302,962 Income per Month Income Per Year YEARS Starting Money Average Interest Total 468 5,616 YEAR 1 65,000 0.08 70,200 505 6,065 YEAR 2 0.08 75,816 546 6,551 YEAR 3 0.08 81,881 590 7,075 YEAR 4 0.08 88,432 637 7,641 YEAR 5 0.08 95,506 688 8,252 YEAR 6 0.08 103,147 743 8,912 YEAR 7 0.08 111,399 802 9,625 YEAR 8 0.08 120,310 866 10,395 YEAR 9 0.08 129,935 936 11,226 YEAR 10 0.08 140,330 1,010 12,125 YEAR 11 0.08 151,557 1,091 13,094 YEAR 12 0.08 163,681 1,179 14,142 YEAR 13 0.08 176,776 1,273 15,273 YEAR 14 0.08 190,918 1,375 16,495 YEAR 15 0.08 206,191 1,485 17,815 YEAR 16 0.08 222,686 1,603 19,240 YEAR 17 0.08 240,501 1,732 20,779 YEAR 18 0.08 259,741 1,870 22,442 YEAR 19 0.08 280,521 2,020 24,237 YEAR 20 0.08 302,962 Income per Month Income Per Year YEARS Starting Money Average Interest Total 468 5,616 YEAR 1 65,000 0.08 70,200 505 6,065 YEAR 2 0.08 75,816 546 6,551 YEAR 3 0.08 81,881 590 7,075 YEAR 4 0.08 88,432 637 7,641 YEAR 5 0.08 95,506 688 8,252 YEAR 6 0.08 103,147 743 8,912 YEAR 7 0.08 111,399 802 9,625 YEAR 8 0.08 120,310 866 10,395 YEAR 9 0.08 129,935 936 11,226 YEAR 10 0.08 140,330 1,010 12,125 YEAR 11 0.08 151,557 1,091 13,094 YEAR 12 0.08 163,681 1,179 14,142 YEAR 13 0.08 176,776 1,273 15,273 YEAR 14 0.08 190,918 1,375 16,495 YEAR 15 0.08 206,191 1,485 17,815 YEAR 16 0.08 222,686 1,603 19,240 YEAR 17 0.08 240,501 1,732 20,779 YEAR 18 0.08 259,741 1,870 22,442 YEAR 19 0.08 280,521 2,020 24,237 YEAR 20 0.08 302,962 Income per Month Income Per Year YEARS Starting Money Average Interest Total
468 5,616 YEAR 1 65,000 0.08 70,200
505 6,065 YEAR 2 0.08 75,816
546 6,551 YEAR 3 0.08 81,881
590 7,075 YEAR 4 0.08 88,432
637 7,641 YEAR 5 0.08 95,506
688 8,252 YEAR 6 0.08 103,147
743 8,912 YEAR 7 0.08 111,399
802 9,625 YEAR 8 0.08 120,310
866 10,395 YEAR 9 0.08 129,935
936 11,226 YEAR 10 0.08 140,330
1,010 12,125 YEAR 11 0.08 151,557
1,091 13,094 YEAR 12 0.08 163,681
1,179 14,142 YEAR 13 0.08 176,776
1,273 15,273 YEAR 14 0.08 190,918
1,375 16,495 YEAR 15 0.08 206,191
1,485 17,815 YEAR 16 0.08 222,686
1,603 19,240 YEAR 17 0.08 240,501
1,732 20,779 YEAR 18 0.08 259,741
1,870 22,442 YEAR 19 0.08 280,521
2,020 24,237 YEAR 20 0.08 302,962
Income per Month Income Per Year YEARS Starting Money Average Interest Total
468 5,616 YEAR 1 65,000 0.08 70,200
505 6,065 YEAR 2 0.08 75,816
546 6,551 YEAR 3 0.08 81,881
590 7,075 YEAR 4 0.08 88,432
637 7,641 YEAR 5 0.08 95,506
688 8,252 YEAR 6 0.08 103,147
743 8,912 YEAR 7 0.08 111,399
802 9,625 YEAR 8 0.08 120,310
866 10,395 YEAR 9 0.08 129,935
936 11,226 YEAR 10 0.08 140,330
1,010 12,125 YEAR 11 0.08 151,557
1,091 13,094 YEAR 12 0.08 163,681
1,179 14,142 YEAR 13 0.08 176,776
1,273 15,273 YEAR 14 0.08 190,918
1,375 16,495 YEAR 15 0.08 206,191
1,485 17,815 YEAR 16 0.08 222,686
1,603 19,240 YEAR 17 0.08 240,501
1,732 20,779 YEAR 18 0.08 259,741
1,870 22,442 YEAR 19 0.08 280,521
2,020 24,237 YEAR 20 0.08 302,962
Income per Month Income Per Year YEARS Starting Money Average Interest Total
468 5,616 YEAR 1 65,000 0.08 70,200
505 6,065 YEAR 2 0.08 75,816
546 6,551 YEAR 3 0.08 81,881
590 7,075 YEAR 4 0.08 88,432
637 7,641 YEAR 5 0.08 95,506
688 8,252 YEAR 6 0.08 103,147
743 8,912 YEAR 7 0.08 111,399
802 9,625 YEAR 8 0.08 120,310
866 10,395 YEAR 9 0.08 129,935
936 11,226 YEAR 10 0.08 140,330
1,010 12,125 YEAR 11 0.08 151,557
1,091 13,094 YEAR 12 0.08 163,681
1,179 14,142 YEAR 13 0.08 176,776
1,273 15,273 YEAR 14 0.08 190,918
1,375 16,495 YEAR 15 0.08 206,191
1,485 17,815 YEAR 16 0.08 222,686
1,603 19,240 YEAR 17 0.08 240,501
1,732 20,779 YEAR 18 0.08 259,741
1,870 22,442 YEAR 19 0.08 280,521
2,020 24,237 YEAR 20 0.08 302,962

]]> By: Gunslingergregi http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1800 Gunslingergregi Tue, 09 Jan 2007 00:52:00 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1800 I think Nerdgirl has the plan in place though. Umm ever thought of a business partnership (not a marriage) Just saving one person's paycheck and living on the other, no kids, and when we are done or one of us doesn't make money, split the money saved 50/50 (rented apartment) (each has there own leased car at 220 a month payment at 2 percent lease option to buy) do a 5 year plan and both have new cars (5 years old) at the end. Maybe 65k each in cash. Take that hand it to merril Lynch and forget about it for a while. I think Nerdgirl has the plan in place though. Umm ever thought of a business partnership (not a marriage) Just saving one person’s paycheck and living on the other, no kids, and when we are done or one of us doesn’t make money, split the money saved 50/50 (rented apartment) (each has there own leased car at 220 a month payment at 2 percent lease option to buy) do a 5 year plan and both have new cars (5 years old) at the end. Maybe 65k each in cash. Take that hand it to merril Lynch and forget about it for a while.

]]> By: Gunslingergregi http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1799 Gunslingergregi Tue, 09 Jan 2007 00:43:13 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1799 Roissy what about all these divorced guys coming over and working oversees starting a new life. 57 year olds 62 year olds doesn't matter. My friend was 57 and was sure as heck enjoying the money he was now making each month. Lot of guys starting over from scratch or worse. Much better I think to have it by the time you are older then to never have had it. These guys are working 7 days 12 hours a day by the way. Of course you can save for a year when your making good money invest it then play video games till your older and you will have money lol Roissy what about all these divorced guys coming over and working oversees starting a new life. 57 year olds 62 year olds doesn’t matter. My friend was 57 and was sure as heck enjoying the money he was now making each month. Lot of guys starting over from scratch or worse. Much better I think to have it by the time you are older then to never have had it. These guys are working 7 days 12 hours a day by the way. Of course you can save for a year when your making good money invest it then play video games till your older and you will have money lol

]]> By: bankrupt artist v.3 » Blog Archive » Money money money… http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1798 bankrupt artist v.3 » Blog Archive » Money money money… Tue, 09 Jan 2007 00:15:31 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1798 [...] So, in the interest of sharing, here is one person’s method for how to get your finances in order… [...] [...] So, in the interest of sharing, here is one person’s method for how to get your finances in order… [...]

]]> By: digg / News / Upcoming http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1797 digg / News / Upcoming Mon, 08 Jan 2007 23:20:24 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1797 <!--%kramer-ref-pre%-->[...] digg it How To Get Your Finances In Order [...]<!--%kramer-ref-post%--> [...] digg it How To Get Your Finances In Order [...]

]]> By: Asian Mistress http://www.rooshv.com/how-to-get-your-finances-in-order#comment-1796 Asian Mistress Mon, 08 Jan 2007 22:27:08 +0000 http://www.rooshv.com/2007/how-to-get-your-finances-in-order#comment-1796 Credit card debt IS mental slavery...ugh. I'll get there slowly...I will have to re-read what you said... Credit card debt IS mental slavery…ugh.

I’ll get there slowly…I will have to re-read what you said…

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