Comments on: Relying Too Much on “Future You” http://ptmoney.com/2009/10/08/relying-too-much-on-future-you/ Real Personal Finance for a Life Without Limits! Fri, 19 Mar 2010 21:18:51 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Four Pillars http://ptmoney.com/2009/10/08/relying-too-much-on-future-you/comment-page-1/#comment-5373 Four Pillars Mon, 02 Nov 2009 04:49:20 +0000 http://ptmoney.com/?p=3930#comment-5373 Great post PT. Great post PT.

]]> By: The Best of the Best in Money and Personal Finance #8 http://ptmoney.com/2009/10/08/relying-too-much-on-future-you/comment-page-1/#comment-5369 The Best of the Best in Money and Personal Finance #8 Sun, 01 Nov 2009 23:11:48 +0000 http://ptmoney.com/?p=3930#comment-5369 [...] presents Relying Too Much on “Future You”, posted at PT [...]

[...] presents Relying Too Much on “Future You”, posted at PT [...]

]]> By: Len Penzo http://ptmoney.com/2009/10/08/relying-too-much-on-future-you/comment-page-1/#comment-5356 Len Penzo Fri, 30 Oct 2009 23:59:49 +0000 http://ptmoney.com/?p=3930#comment-5356 Now THAT'S what I call an excellent personal finance article, PT. Pithy and entertaining to boot! :-) I always remind my kids that every time they borrow money from Dad they are unwittingly limiting their future choices precisely because they are stealing from their future earnings, be it their allowance or holiday/birthday money. Best, Len Len Penzo dot Com Now THAT’S what I call an excellent personal finance article, PT. Pithy and entertaining to boot! :-)

I always remind my kids that every time they borrow money from Dad they are unwittingly limiting their future choices precisely because they are stealing from their future earnings, be it their allowance or holiday/birthday money.

Best,

Len
Len Penzo dot Com

]]> By: Vas http://ptmoney.com/2009/10/08/relying-too-much-on-future-you/comment-page-1/#comment-5113 Vas Tue, 13 Oct 2009 12:07:45 +0000 http://ptmoney.com/?p=3930#comment-5113 Great Article PT. What you have described is the underlying reason for the recession. Living on credit today that we cannot pay in the future unless everything works out perfectly and goes according to future values and predictions, which is never the case.I am an advocate on spending money on items that appreciate like houses, memorabilia, education etc.They are a cost which is worth the interest because they will make you cash. As for an expensive pair of glasses well you will look cool for a few months but your credit card statement wont in a few years time and I dare say buying expensive glasses then will not be possible. However for the person who bought the house and lived within their means for those couple years well expensive glasses will be on their shopping list and they will only pay $250 not $250 + years worth of interest. Great Article PT. What you have described is the underlying reason for the recession. Living on credit today that we cannot pay in the future unless everything works out perfectly and goes according to future values and predictions, which is never the case.I am an advocate on spending money on items that appreciate like houses, memorabilia, education etc.They are a cost which is worth the interest because they will make you cash. As for an expensive pair of glasses well you will look cool for a few months but your credit card statement wont in a few years time and I dare say buying expensive glasses then will not be possible. However for the person who bought the house and lived within their means for those couple years well expensive glasses will be on their shopping list and they will only pay $250 not $250 + years worth of interest.

]]> By: kenyantykoon http://ptmoney.com/2009/10/08/relying-too-much-on-future-you/comment-page-1/#comment-5090 kenyantykoon Fri, 09 Oct 2009 10:14:39 +0000 http://ptmoney.com/?p=3930#comment-5090 this is what got us in to the debt mess that most are in- borrowing from the future us thinking that we will be more credit worthy in the future. As experience has taught us, nothing could be further from the truth. when i feel the overwhelming need to splurge, i will sit down and write the letter to myself(this is a nice idea that you have given us). hopefully by the time i am through, i will be more level headed this is what got us in to the debt mess that most are in- borrowing from the future us thinking that we will be more credit worthy in the future. As experience has taught us, nothing could be further from the truth. when i feel the overwhelming need to splurge, i will sit down and write the letter to myself(this is a nice idea that you have given us). hopefully by the time i am through, i will be more level headed

]]> By: PT http://ptmoney.com/2009/10/08/relying-too-much-on-future-you/comment-page-1/#comment-5087 PT Thu, 08 Oct 2009 20:33:49 +0000 http://ptmoney.com/?p=3930#comment-5087 Thanks, Ryan. I wrote it from 3 to 3:30 am this morning. Sometimes the best posts come quick and in the wee hours of the night. Thanks, Ryan. I wrote it from 3 to 3:30 am this morning. Sometimes the best posts come quick and in the wee hours of the night.

]]> By: Ryan Yates http://ptmoney.com/2009/10/08/relying-too-much-on-future-you/comment-page-1/#comment-5086 Ryan Yates Thu, 08 Oct 2009 20:26:54 +0000 http://ptmoney.com/?p=3930#comment-5086 Phil, I really liked your article today. The way you used "your future self" really made a lot of sense and helped to put unnecessary spending/depreciating value into perspective. And, anytime you can teach me something by using Back to the Future, I will always retain it. Play on, brother! Phil,

I really liked your article today. The way you used “your future self” really made a lot of sense and helped to put unnecessary spending/depreciating value into perspective. And, anytime you can teach me something by using Back to the Future, I will always retain it. Play on, brother!

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