Comments on: The Day It Clicked http://www.ncnblog.com/2009/05/20/the-day-it-clicked/ Debt Reduction Rocks - We Are Living Debt Free! Sat, 21 Nov 2009 05:27:53 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Generic Viagra http://www.ncnblog.com/2009/05/20/the-day-it-clicked/comment-page-1/#comment-175125 Generic Viagra Wed, 09 Sep 2009 21:18:40 +0000 http://www.ncnblog.com/?p=2442#comment-175125 Cool site and very nice information, loved this post Cool site and very nice information, loved this post

]]> By: CathyG http://www.ncnblog.com/2009/05/20/the-day-it-clicked/comment-page-1/#comment-163345 CathyG Sun, 07 Jun 2009 17:37:26 +0000 http://www.ncnblog.com/?p=2442#comment-163345 In August 2007 I became aware that a couple of hedge funds at Bear Stearns had blown up. Having seen more than one Wall Street induced financial crisis I thought "Not again." As I learned more about what the banksters had done, I quickly realized that this was orders of magnitude worse than anything I had seen before. By September 2007 my husband and I had done a complete financial assessment. We moved our investments to cash and committed ourselves to getting totally out of debt. By September of this year we will have reduced our total debt, including the house, by half, leaving us on target to be completely out of debt by early 2011. This has required some sacrifice and some extra work but has defintely been worth it. We have a mini-cash buffer now that could cover about 3 months of expenses if needed and have so much less debt that, so far, we are living through the worst financial crisis since the Great Depression in calm. In August 2007 I became aware that a couple of hedge funds at Bear Stearns had blown up. Having seen more than one Wall Street induced financial crisis I thought “Not again.” As I learned more about what the banksters had done, I quickly realized that this was orders of magnitude worse than anything I had seen before.

By September 2007 my husband and I had done a complete financial assessment. We moved our investments to cash and committed ourselves to getting totally out of debt. By September of this year we will have reduced our total debt, including the house, by half, leaving us on target to be completely out of debt by early 2011.

This has required some sacrifice and some extra work but has defintely been worth it. We have a mini-cash buffer now that could cover about 3 months of expenses if needed and have so much less debt that, so far, we are living through the worst financial crisis since the Great Depression in calm.

]]> By: Cynthia http://www.ncnblog.com/2009/05/20/the-day-it-clicked/comment-page-1/#comment-162716 Cynthia Tue, 02 Jun 2009 17:05:37 +0000 http://www.ncnblog.com/?p=2442#comment-162716 I'm so glad it clicked too! It clicked for me almost two years ago when my sister mentioned perusing personal finance blogs. I never knew such a thing existed. Less than three months later I had started a budget for our family (our first), had started my personal finance blog and was well on my way to ridding my family of debt. Now, we are debt free but mortgage and working to build our emergency fund. Thank God it clicked for us! And thank you for your No Credit Needed Network. Seeing that purple pie piece shrink each month was very motivating! And that yellow pie is heavenly! I’m so glad it clicked too! It clicked for me almost two years ago when my sister mentioned perusing personal finance blogs. I never knew such a thing existed. Less than three months later I had started a budget for our family (our first), had started my personal finance blog and was well on my way to ridding my family of debt. Now, we are debt free but mortgage and working to build our emergency fund. Thank God it clicked for us! And thank you for your No Credit Needed Network. Seeing that purple pie piece shrink each month was very motivating! And that yellow pie is heavenly!

]]> By: printartcanvas http://www.ncnblog.com/2009/05/20/the-day-it-clicked/comment-page-1/#comment-162308 printartcanvas Fri, 29 May 2009 12:33:08 +0000 http://www.ncnblog.com/?p=2442#comment-162308 i think the hardest thing for someone to admit is that they are indebt and its there fault not anyone elses i think the hardest thing for someone to admit is that they are indebt and its there fault not anyone elses

]]> By: Kevin http://www.ncnblog.com/2009/05/20/the-day-it-clicked/comment-page-1/#comment-162246 Kevin Thu, 28 May 2009 20:18:20 +0000 http://www.ncnblog.com/?p=2442#comment-162246 November 15th, 2007 The day I said "enough!". The day I bought Quicken. The day I started tracking every penny earned and spent. The day that changed everything. The day it "clicked"... November 15th, 2007

The day I said “enough!”. The day I bought Quicken. The day I started tracking every penny earned and spent. The day that changed everything.

The day it “clicked”…

]]> By: james touso http://www.ncnblog.com/2009/05/20/the-day-it-clicked/comment-page-1/#comment-162215 james touso Thu, 28 May 2009 12:09:45 +0000 http://www.ncnblog.com/?p=2442#comment-162215 I never used to plan for my money.I spent it on whatever i want.I think i am so bad regarding money. I never used to plan for my money.I spent it on whatever i want.I think i am so bad regarding money.

]]> By: JD @ penny-saved.com http://www.ncnblog.com/2009/05/20/the-day-it-clicked/comment-page-1/#comment-161942 JD @ penny-saved.com Tue, 26 May 2009 23:52:31 +0000 http://www.ncnblog.com/?p=2442#comment-161942 I do financial counseling with people in financial trouble, and I agree with your assessment that it needs to click. So often I get the "deer in the headlights" look from people who just don't get it, or don't want to get it. But then sometimes there comes a moment - maybe after drawing up a budget and showing them that they are $200 - $400 a month negative, that it begins to dawn on them that the ship is sinking. Thanks for a great post. I do financial counseling with people in financial trouble, and I agree with your assessment that it needs to click. So often I get the “deer in the headlights” look from people who just don’t get it, or don’t want to get it. But then sometimes there comes a moment – maybe after drawing up a budget and showing them that they are $200 – $400 a month negative, that it begins to dawn on them that the ship is sinking.

Thanks for a great post.

]]> By: fern http://www.ncnblog.com/2009/05/20/the-day-it-clicked/comment-page-1/#comment-161921 fern Tue, 26 May 2009 19:04:00 +0000 http://www.ncnblog.com/?p=2442#comment-161921 I have ALWAYS been in control of my finances (although that doesnt mean i've saved as much as i could have). That's because lack of control was a signature feature of my childhood, with early divorce, 3 different step parents, a kidnapping by one parent over visitation issues with the other, and frequent moves injecting instability and upheaval into my life in a really big way. Controlling my financial future and security, as well as buying my own home as a single woman, were big deals to me, given my background. I've never earned much more than average, but am very good at saving; right now, i save about 45% of my income, mainly becus my biggest life goal is financial independence in 10 years time. I have ALWAYS been in control of my finances (although that doesnt mean i’ve saved as much as i could have).

That’s because lack of control was a signature feature of my childhood, with early divorce, 3 different step parents, a kidnapping by one parent over visitation issues with the other, and frequent moves injecting instability and upheaval into my life in a really big way.

Controlling my financial future and security, as well as buying my own home as a single woman, were big deals to me, given my background. I’ve never earned much more than average, but am very good at saving; right now, i save about 45% of my income, mainly becus my biggest life goal is financial independence in 10 years time.

]]> By: MoneyEnergy http://www.ncnblog.com/2009/05/20/the-day-it-clicked/comment-page-1/#comment-161528 MoneyEnergy Sat, 23 May 2009 04:31:25 +0000 http://www.ncnblog.com/?p=2442#comment-161528 Interesting post..... I think the time when it clicked for me was twofold... or two times.... once, for investing: sometime early in 2008, I realized how much more I needed to ramp up my investing. And the second time, for debt reduction, almost exactly a year later, when I saw ahead three years into the future and knew I didn't want to have to deal with these cc balances anymore. But I was never in much financial trouble to begin with, so these "clicks" weren't very dramatic. But still important for me... Interesting post….. I think the time when it clicked for me was twofold… or two times…. once, for investing: sometime early in 2008, I realized how much more I needed to ramp up my investing. And the second time, for debt reduction, almost exactly a year later, when I saw ahead three years into the future and knew I didn’t want to have to deal with these cc balances anymore. But I was never in much financial trouble to begin with, so these “clicks” weren’t very dramatic. But still important for me…

]]> By: Ryan http://www.ncnblog.com/2009/05/20/the-day-it-clicked/comment-page-1/#comment-161462 Ryan Fri, 22 May 2009 17:47:16 +0000 http://www.ncnblog.com/?p=2442#comment-161462 One of my friends had been building debt for years, interest (30% rate), and missing payments. A year ago, he had a life changing event (engagement) that made him want to take control of his finances. He now has two jobs and expects to be debt free in 3 months. I think its really some life-event that causes someone to take control of their finances. One of my friends had been building debt for years, interest (30% rate), and missing payments. A year ago, he had a life changing event (engagement) that made him want to take control of his finances. He now has two jobs and expects to be debt free in 3 months. I think its really some life-event that causes someone to take control of their finances.

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