tag:blogger.com,1999:blog-5465015914589377788.post6138834337794714163..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Financial Guilt for the New YearMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5465015914589377788.post-45182385991133992152013-01-29T10:19:05.589-05:002013-01-29T10:19:05.589-05:00@Paul: you can avoid transaction costs AND invest ...@Paul: you can avoid transaction costs AND invest small amounts at TD Webbroker. AnatoliNhttps://www.blogger.com/profile/07937984526970646627noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-25471130835368284352013-01-08T17:17:36.067-05:002013-01-08T17:17:36.067-05:00@Paul: I like your approach to keeping trading co...@Paul: I like your approach to keeping trading costs down. As long as you're not tempted to take the TFSA cash out to spend it's a good idea to let it build up to the point where you can make a larger transaction. As long as you're not building debt at the same time as saving in your TFSA, you're making financial progress.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-33316168970440342002013-01-08T17:10:48.147-05:002013-01-08T17:10:48.147-05:00I make an effort to save my $250. a month in the p...I make an effort to save my $250. a month in the prior year for my TFSA. That way I pick my investment's late Dec. or early Jan and and make one or two purchases of stocks or ETF's to lower my trading costs and have the growth (I hope) start early. If you buy monthly thats quite a lot of purchase costs over 12 months...paulhttps://www.blogger.com/profile/00050081178673700867noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-73151649441169520652013-01-08T10:08:49.759-05:002013-01-08T10:08:49.759-05:00His resolutions are not measurable, thus they are ...His resolutions are not measurable, thus they are broken at Jan 1 (except #4). He does not have to wait 12 month to start feeling guilty :)AnatoliNhttps://www.blogger.com/profile/07937984526970646627noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-5106079881275256332013-01-07T11:11:56.764-05:002013-01-07T11:11:56.764-05:00@AnatoliN: I understand that Big Cajun Man didn&#...@AnatoliN: I understand that Big Cajun Man didn't intend to be offering actionable and measurable goals. My point is that such resolutions do little other than produce guilt when you break them.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-64111597579235875262013-01-07T10:33:52.262-05:002013-01-07T10:33:52.262-05:00@Michael:
Though your suggestions are useful goal,...@Michael:<br />Though your suggestions are useful goal, they are not what he meant. I certainly agree that goals are only worth anything if they are actionable and measurable. I see a possibility to re-state his points and make them actionable. Instead of his guilt admitting statements, I'd suggest:<br />1. Create an annual budget. <br />2. Record purchases over $10 and allocate the rest of costs to "other". If "other" becomes painfully big - investigate it more accurately.<br />3. Punish/reward myself for (not)adhering to it every month. <br /><br />@ Big Cajun Man: <br />(I suppose you meant "same meaning") <br />don't kid yourself: "guilt" is just admittance of a problem, "resolution" is a responsible decision to eliminate the problem. <br /><br /><br />AnatoliNhttps://www.blogger.com/profile/07937984526970646627noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-756547953050287932013-01-07T08:30:17.917-05:002013-01-07T08:30:17.917-05:00@Big Cajun Man: Unfortunately, that's true fo...@Big Cajun Man: Unfortunately, that's true for many people. But if you really want to improve your finances, guilt isn't the best way to go.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-10837328253533210462013-01-07T06:55:37.120-05:002013-01-07T06:55:37.120-05:00Guilt, resolution same difference isn't it?Guilt, resolution same difference isn't it?Big Cajun Manhttp://canajunfinances.comnoreply@blogger.com