Comments on: Are You a Financial Idiot Like These Guys?

By: MyStrat

MyStrat — Tue, 09 Jun 2009 19:49:59 +0000

This really was a nice little wake-up call to anyone who owns multiple sites (most people reading this blog). You truly have to work at even your most profitable early built sites every single day to keep them that way. This market is too dynamic to slow down at any point.

By: Chester

Chester — Tue, 09 Jun 2009 03:49:13 +0000

I confess I am financial idiot. Oh well, I guess at least not that much when I was sill younger.

By: Narender @ Next Good Bets

Narender @ Next Good Bets — Sat, 06 Jun 2009 03:55:23 +0000

No. I am not!

By: Flat Roofing Toronto

Flat Roofing Toronto — Tue, 02 Jun 2009 09:03:45 +0000

This is sad but true. Everybody can concede that we are all finacial idiots.

Toronto Roofing

By: homeenergyefficiency

homeenergyefficiency — Mon, 01 Jun 2009 03:23:43 +0000

You are so right. Instead of continuing to build on one business, I am continually putting up new sites and end out not having the time to focus on all of them. I like the set and forget model too, but they would probably be more profitable if I spent more time focused on just a few.

By: Ninah- Free Articles for Sites

Ninah- Free Articles for Sites — Sat, 30 May 2009 03:59:11 +0000

I would consider myself a financial idiot but that's only because I have a hard time figuring out how to make my money grow. One thing I've maintained though is my current lack of debt. I never borrow unless I really really need to. Then again, that might be the reason why I'm not earning even more. Don't some successful businessmen say that it's impossible not to make loans if you want to make your business grow?

By: rprieto

rprieto — Wed, 27 May 2009 01:18:02 +0000

Wow… who did these guys think they were, Bernard Madoff? This is a perfect example of how NOT to run an honest enterprise. I'm of the opinion that unless everyone wins, there's no sense in putting a deal together. Then, if you have any sense at all, you will reinvest at least a portion of your profits and make your business grow. That's how to grow true wealth so you eventually don't have to work so hard and long.

By: Hugo Santos

Hugo Santos — Wed, 27 May 2009 00:40:51 +0000

Paying Debt with Debt? Sure… IT is a common practice here in Portugal sadly…

By: bisnis online

bisnis online — Wed, 27 May 2009 00:18:07 +0000

Better be careful wiht dept, thanks for the article.

By: Karsten

Karsten — Tue, 26 May 2009 23:29:23 +0000

Great point about peple procrastinating and saying that they'll do it later. I had actually heard recently about what you said with people saving negative 1% of what they get. Our society is going down the drain because of people wanting the easy way out of everything in life. Anyway, great stuff! I'll be visiting back soon.

By: The Net Fool

The Net Fool — Tue, 26 May 2009 22:48:20 +0000

There isn't anything wrong with paying debt down with debt, it's safe to say that 90% of all publicly traded companies do this. The problem is that it was a ponzi scheme

By: buyvend.com

buyvend.com — Mon, 25 May 2009 07:44:48 +0000

Thank you

By: Steve

Steve — Mon, 25 May 2009 07:40:58 +0000

Good article! Paying debt with another debt is always a greater risk.

By: David Cordeiro

David Cordeiro — Mon, 25 May 2009 02:18:00 +0000

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By: Stan

Stan — Mon, 25 May 2009 00:49:25 +0000

Hi

Didn't Bernie Madoff do the same thing?
And the Federal Reserve?

Aren't the Western Nations moving towards a 10 Trillion debt?

Where are we going to put all these people now G-Bay is closing?

Guess I lost the plot somewhere over the rainbow, or what rules
are we marketers going to play by?

Stan

By: Dino

Dino — Sun, 24 May 2009 20:19:40 +0000

Lol, that was a good read indeed!

By: Garret

Garret — Sun, 24 May 2009 19:42:00 +0000

WOW they are either very evil or very stooopid…or both.

I don't understand people who rip other people off…..and credit cards to pay off debt is foolish…memories of college…silly youth.

By: Purina dog food coupons

Purina dog food coupons — Sun, 24 May 2009 18:27:11 +0000

For the most part the sites I build are a set and forget model so maintainence isn't really a huge part of what I do. But I still look back at how I can improve them from time to time.

Steve

By: my special gifts

my special gifts — Sun, 24 May 2009 17:33:32 +0000

thanks for your articles,…It's seems that I have to open my eyes widely, that I'm still like a Financial Idiot Like These Guys

By: Nishadha Silva

Nishadha Silva — Sun, 24 May 2009 04:05:44 +0000

You are spot on about the “i will take care of it later” part and its amazing how easily you can accumulate debt from credit cards .