David Petersen

Comments:

• A wise man once said, "Comparison is inevitable. Competition is a choice." I will naturally compare myself to others. What I do with the comparison is what matters most. Adam Grant says comparison is not the enemy of joy, envy is.

  Post: Comparison Culture

  Link to comment from January 29, 2024

• I think one of the changes is the ease of using borrowed money. The younger generations have access to capital in away that our parents and grandparents never had. I've had a credit card since the age of 21. I've never abused it and I too abhor debt. What if I didn't? My parents generation couldn't have gotten into debt this bad if they tried. Not because they were smart about debt but because the lenders were "smart" enough to say No. It's so EASY to borrow now that the self control that it takes to be smart with money is 100x's harder.

  Post: Disney or Bust

  Link to comment from April 11, 2023

• I understand the purpose of your post however, I have to have someplace to live. Ignoring that fact is a bit of living in a vacuum. 10 percent inflation does not hit all sectors the same. It isn't too hard to come up with an example where a 5% raise is a better option based on my own spending patterns. With that said, you are right we, as human beings, don't understand percents and underestimate the power of compounding.

  Post: Funny Money

  Link to comment from May 5, 2022

• My 15 year old has a job making $15 an hour in California. It blows my mind. After watching him blow his money on video games and food I started a new policy. 10% to give ( We did this previously) 25% college and 25% in a Vanguard Roth IRA. The rest is his as fun money. He wasn't happy with the changes but future him will appreciate it.

  Post: A Few Extra Bucks

  Link to comment from September 23, 2021

• Great Book. As Dave Ramsey says "Money is 90% behavior and 10% Math"

  Post: Dollars and Sense

  Link to comment from September 14, 2021