Comments for Manisha Thakor

Comment on 3 Common Credit Card Problems… and How to Deal with Them by a funding consultant

a funding consultant — Tue, 09 Feb 2010 09:53:22 +0000

I have been searching for a site like this in the field I am interested in. I am a great fan. I also like all things about do it yourself suggestions that help you to save.

Comment on Seven New Years Financial Resolutions for 2010 by mthakor

mthakor — Tue, 12 Jan 2010 01:38:37 +0000

Sam – Great to hear from you & will absolutely stop by. Thanks for the heads up and Happy New Year!

Comment on Seven New Years Financial Resolutions for 2010 by Financial Samurai

Financial Samurai — Tue, 12 Jan 2010 00:45:50 +0000

Hi Manisha, how’s it going? Glad you have a blog and are accessible. I think my review of your book will come up this Thurs or Friday, so if you can stop by and enjoy the fun, we have a pretty robust crowd of commenters.

Best, Sam

Comment on Celebrity Money Meltdowns by mthakor

mthakor — Fri, 18 Dec 2009 17:17:21 +0000

So true – if you are not making a living wage, are unfairly underpaid, or are un- or underemployed… making ends meet is a daily struggle. Full stop. That said, during my 15 years working in the financial services industry I was absolutely stunned by the number of people I met who were making six or SEVEN digit incomes and still living paycheck-to-paycheck as a result of prioritizing joy today over pleasure tomorrow. While nothing is ever certain, one thing is clear… if you spend more than you earn you will end up in the red. And that is a very painful place to be. My hope with this post is to show how widespread this problem is.

And speaking of problems, dear readers, if you have not read this piece by Laura Vanderkam, give your brain a gift that will keep on giving and take a few minutes to read…
THE PRINCESS PROBLEM. Hands down, this was the best Op-Ed I read in 2009 on the subject of women’s economic empowerment.

Comment on Celebrity Money Meltdowns by Laura Vanderkam

Laura Vanderkam — Thu, 17 Dec 2009 14:47:37 +0000

Some people live within their means, and some do not, and while it’s easier to live within your means if you have more money, often the sheer size of the paycheck isn’t what makes the difference. All these stories are good examples of that!

Comment on 5 Items Will Consume >50% of Your Lifetime Income by Manisha Thakor

Manisha Thakor — Fri, 04 Dec 2009 04:23:21 +0000

So glad you found this post of help – I’m a big fan of the 80/20 principal (one of my all time favorite books is “Living the 80/20 Way” by Richard Koch). Seems to me when it comes to financial matters the general consensus is that complex is good… when more often than not it’s the reverse. I’d guesstimate that in over 2/3rds of the cases where I meet people who are in financial distress, if they had used this simple framework… the odds are high they would have avoided their financial wrong turn.

Comment on 5 Items Will Consume >50% of Your Lifetime Income by Wojciech Kulicki

Wojciech Kulicki — Fri, 04 Dec 2009 02:29:40 +0000

This is a very unique and big-picture angle of looking at your personal finances that I think is very useful. We spend so much time in the day-to-day trenches, trying to figure out how to slash 20% off our insurance bill, or pay less for milk at one store versus the other.

Meanwhile, we forget about the major decisions in our life. They’re so overwhelming sometimes that we’re willing to just trust our gut and “go with it,” rather than making an objective analysis of how it will affect our life and our money.

Comment on Celebrity Money Meltdowns by mthakor

mthakor — Mon, 09 Nov 2009 23:05:45 +0000

@Carole Brody Fleet Thank you, my sweets. So glad you found this post helpful. It's fascinating to me how personal finance lessons can pop up in the most interesting and unexpected of places and circumstances... Hope you are doing well!

Comment on Celebrity Money Meltdowns by Carole Brody Fleet

Carole Brody Fleet — Mon, 09 Nov 2009 22:50:00 +0000

Brilliant as usual my dear friend.

Comment on Celebrity Money Meltdowns by mthakor

mthakor — Thu, 05 Nov 2009 22:50:30 +0000

Thanks Susanne - Think you are spot on. It's so easy to think "well, if I just had more money everything would be great." But what I've noticed is that without a solid knowledge of the basics of personal finance, more money so often just leads to... the same problems on a bigger scale! One book I love that really hammers this home is Stop Acting Rich, by the author of The Millionaire Next Door.