Toy Story
Now I have a question for you: do you think anyone who would close out an IRA would be following the above advice on "household acct"??? Would the problem be that person didn't learn enough about investing ??? Or would the problem be that he isn't mature enough to be able to distinguish between WANTS & NEEDS.
Being mature is not a number of years, it's a state of mind, but easier to illustrate this way:
You have two three year olds with one toy, you say whoever goes first gets to play with the toy for 5 min., whoever goes second can play with the toy for 2 days. Now for your test: which choice do they both want???????????
So you all know the correct answer, then if you can apply that to yourself you will be able to follow the advice suggested in the 2/27/05 post "budget- two checking acct."
Being mature is not a number of years, it's a state of mind, but easier to illustrate this way:
You have two three year olds with one toy, you say whoever goes first gets to play with the toy for 5 min., whoever goes second can play with the toy for 2 days. Now for your test: which choice do they both want???????????
So you all know the correct answer, then if you can apply that to yourself you will be able to follow the advice suggested in the 2/27/05 post "budget- two checking acct."
posted by MoneyProf at Thursday, February 24, 2005
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