Comments on: Financially free http://earlyretirementextreme.com/2008/01/the-credit-rant.html Financial independence, frugality, self-sufficiency, ecology, capitalism, and voluntary simplicity Fri, 21 Nov 2008 19:05:28 +0000 http://wordpress.org/?v=2.6.3 By: Matt http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-811 Matt Thu, 20 Mar 2008 06:41:41 +0000 http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-811 Wow. I never realised this commercial was known outside Canada! Wow. I never realised this commercial was known outside Canada!

]]> By: Jacob http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-691 Jacob Sat, 08 Mar 2008 16:00:52 +0000 http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-691 Thinking back though there was actually this quest for the biggest computer. I'm not sure it was to show up as much as the desire to have bleeding edge equipment - for six months anyway. Thinking back though there was actually this quest for the biggest computer. I’m not sure it was to show up as much as the desire to have bleeding edge equipment - for six months anyway.

]]> By: Jacob http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-683 Jacob Sat, 08 Mar 2008 05:41:45 +0000 http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-683 @Hannah - No I don't think I ever did. I didn't grow up in the US though. @Hannah - No I don’t think I ever did. I didn’t grow up in the US though.

]]> By: Hannah http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-682 Hannah Sat, 08 Mar 2008 05:25:21 +0000 http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-682 I wanted to add, I realize that there is a difference between the leisure class mentality and the wealth class mentality (although they're the same group)... a "trust fund baby" is merely a hyper-consumer, but FI is about thinking like an Investor, i.e. a Capitalist mentality rather than a middle/working class mentality. The defining characteristic being: their money works for them. So these days I've switched from wanting to be a trust fund baby to wanting to be an investor, lol. I wanted to add, I realize that there is a difference between the leisure class mentality and the wealth class mentality (although they’re the same group)… a “trust fund baby” is merely a hyper-consumer, but FI is about thinking like an Investor, i.e. a Capitalist mentality rather than a middle/working class mentality. The defining characteristic being: their money works for them.

So these days I’ve switched from wanting to be a trust fund baby to wanting to be an investor, lol.

]]> By: Hannah http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-681 Hannah Sat, 08 Mar 2008 04:38:40 +0000 http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-681 Love it! Jacob, I have to ask, did you ever go through a pseudo-"trust fund baby" stage? (I imagine nearly 100% of the teenage population does at one point, due to clever marketing.) What I mean is, I used to have a keep-up-with-the-hipster-jonses mentality (i.e. spend money to feel rich and with the "in crowd") This lasted for approximately one year (my first year of college) during which I actually bought into the idea that I was a part of the leisure class because of my ability to dress like them ;) In reality, I was just cultivating "expensive taste" and consuming goods to vicariously live like people who occupied a different socio-economic reality than me. It was a year-long period of deep delusion. Well, I've come a long way since then. Just like in overcoming any addiction, the first step toward FI is overcoming any denial about one's financial reality. To make progress with a concrete goal, one must have a concrete sense of present circumstances. That was the end of my fling with the "trust fund baby" fantasy. Love it!

Jacob, I have to ask, did you ever go through a pseudo-”trust fund baby” stage? (I imagine nearly 100% of the teenage population does at one point, due to clever marketing.)

What I mean is, I used to have a keep-up-with-the-hipster-jonses mentality (i.e. spend money to feel rich and with the “in crowd”) This lasted for approximately one year (my first year of college) during which I actually bought into the idea that I was a part of the leisure class because of my ability to dress like them ;) In reality, I was just cultivating “expensive taste” and consuming goods to vicariously live like people who occupied a different socio-economic reality than me. It was a year-long period of deep delusion.

Well, I’ve come a long way since then. Just like in overcoming any addiction, the first step toward FI is overcoming any denial about one’s financial reality. To make progress with a concrete goal, one must have a concrete sense of present circumstances. That was the end of my fling with the “trust fund baby” fantasy.

]]> By: wealthy_1 http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-87 wealthy_1 Fri, 04 Jan 2008 01:26:37 +0000 http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-87 Pretty cool, Jacob. Pretty cool, Jacob.

]]> By: Jacob http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-85 Jacob Fri, 04 Jan 2008 00:32:27 +0000 http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-85 Done! I've never been good at catchy titles. Done! I’ve never been good at catchy titles.

]]> By: moneymonk http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-81 moneymonk Thu, 03 Jan 2008 17:39:07 +0000 http://earlyretirementextreme.com/2008/01/the-credit-rant.html#comment-81 You should rename this post as "financially free" You should rename this post as “financially free”

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