Comments on: Greed or No Greed: Open That Case http://www.goodfinancialcents.com/buying-stocks-greedy/ Helping You Make Cents Of Investing and Financial Planning Mon, 22 Feb 2010 18:30:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Sunday Money Roundup - Trees In Bloom Edition. | My Two Dollars http://www.goodfinancialcents.com/buying-stocks-greedy/comment-page-1/#comment-1514 Sunday Money Roundup - Trees In Bloom Edition. | My Two Dollars Sun, 10 May 2009 14:01:26 +0000 http://www.goodfinancialcents.com/?p=4038#comment-1514 [...] Good Financial Cents has a great post up titled “Greed or No Greed: Open That Case“. [...] [...] Good Financial Cents has a great post up titled “Greed or No Greed: Open That Case“. [...]

]]> By: Mike @ TheThriftyLife http://www.goodfinancialcents.com/buying-stocks-greedy/comment-page-1/#comment-1505 Mike @ TheThriftyLife Fri, 08 May 2009 20:04:15 +0000 http://www.goodfinancialcents.com/?p=4038#comment-1505 Great post - You bring up several important points. Another aspect is that people often lose their sense of true value as the scale goes up. So as that amount increases you find yourself unable to make accurate assessments and comparisons of how much money you're actually dealing with. I think that's why it can seem so easy for most people to make big purchases like houses and even cars. Once the amount exceeds what you can make in a paycheck, you can't imagine actually having that much money, so you mind starts to separate the event from the reality of what you're committing to. These points really stress why planning, setting expectations and having defined goals are so valuable when dealing with financial matters. <abbr><em>Mike @ TheThriftyLife’s last blog post..<a href="http://feeds.thethriftylife.com/~r/TheThriftyLife/~3/vgHOvpcydCQ/" rel="nofollow">Discover Announces the ‘Current Card’ for Teens</a></abbr></em> Great post – You bring up several important points. Another aspect is that people often lose their sense of true value as the scale goes up. So as that amount increases you find yourself unable to make accurate assessments and comparisons of how much money you’re actually dealing with.

I think that’s why it can seem so easy for most people to make big purchases like houses and even cars. Once the amount exceeds what you can make in a paycheck, you can’t imagine actually having that much money, so you mind starts to separate the event from the reality of what you’re committing to.

These points really stress why planning, setting expectations and having defined goals are so valuable when dealing with financial matters.

Mike @ TheThriftyLife’s last blog post..Discover Announces the ‘Current Card’ for Teens

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