Hard Truth and Money Fatigue?

January 23, 2009 by  
Filed under Blog, Financial Planning

Periodically I have to remind myself that speaking or hearing “hard truth” about the world of personal finance can wear on you.  Sometimes a reader does it for me by unsubscribing to my blog.  (I receive a notice when an email subscription is cancelled.)  I guess you could say that is the “hard truth” about always trying to speak the hard truth.

Yet I will continue because although not everyone wants or needs to hear the harsh reality of their money life constantly, it can’t hurt and probably will help to get a dose of it now and then.  So if you reach a point of hard truth fatigue, I understand.  But don’t tune it out forever.  I suspect you will miss it.  I know it will miss you.

There are many other personal finance bloggers out there, some who like the happy talk and others who speak their own versions of the hard truth.   I read a lot of both.  Here are a few things I read this week that I thought you might be interested in.  (But be prepared for more hard truth!)

Peter at Bible Money Matters tells a very interesting story about his recent efforts to refinance his mortgage.  He definitely encountered some hard truth in that experience.

A guest blogger at Digerati Life reminds us how easy it is to lose at being an active stock trader.  I don’t know anyone who does consistently well at active trading except the stock brokers who earn commissions.

Andrea at Fools and Sages takes us through a very personal analysis of how and why children should receive allowances.  Having raised three sons of our own, we understand that this issue is a lot more important than you might think.  Tremendous teaching opportunities abound in the way you treat the whole allowance thing.

Frugal Dad got my attention (and a head nod) by acknowledging that frugal people tend to focus too much on the expense side of life.  I have said many times that I am not a frugalist but rather a strategic spender with a purpose. 

So please keep reading about your money – here, there, anywhere.  We all need that extra education, don’t we?

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11 Responses to “Hard Truth and Money Fatigue?”
  1. You seem to only want “hard truth” when you’re criticizing others. You don’t respond to criticism and you don’t post enough about yourself to accept any “hard truth” in your own life.

  2. Melissa says:

    You are right. I never read or educated myself about money until I stumbled upon a “personal finance blog” last summer. One link led to another, and I have a round dozen in my reader now. But yours is my favorite because you neither blow sunshine nor gloom; I need facts. You give them. You’re my financial hero. So from a silent reader… thank you.

  3. Dog: Ouch! Since you bothered to bring your complaints about me here instead of on your own blog, I will respond. First, I don’t criticize others (except politicians who ask for it by running for public office.) I criticize bad financial behavior. (As for the link to your post, I don’t see any point in responding. No offense, but anyone who brags about six figure student loan debt is in a completely different financial universe from Mr. ToughMoneyLove.) Finally, you know (or can learn) as much about me as you care to. Read my “About” page, then look for me on Facebook, Twitter, or LinkedIn and you will learn who I am, where I work, where I live, where I went to school, more than you probably want to know. Read all of my posts and you will learn about my three sons, where I invest, what investments I own, that I am debt free (except for mortgage debt which is leaving soon), and how my net worth and portfolio performed last year. Conversely, we know very little about you, now do we? (Well, we know that you like fancy pants cars, student loans, and elite universities.) Anyway, I always appreciate your visits and comments even though I don’t think you like me very much. But that’s OK. I’m not writing to be popular.

    Melissa: Thanks so much for your nice comment. My mood has elevated significantly as a result.

    Dog: Meet Melissa.

  4. Melissa says:

    Heh. I find that people who flame bloggers just to get people to link to thier own… well, lets say I put them in the same basket as short men with very large trucks.
    Opening another savings account this weekend, this time with ING. I’m gonna be sure to click thru YOUR link when I do, Mr. My Hero Tough Money Love.

  5. Brian says:

    I think the blog banner says it all. I really like it when you skewer dumb reporters for only giving one side of the story esp: GM Retiree. You are my must read blog.

  6. Meg says:

    People might stop subscribing for other reasons. I recently cut the feeds I was subscribing to by 75% because they were eating up too much of my time. Your blog and one other finance one stayed, but the others didn’t.

  7. Pete says:

    Thanks for the link – and for speaking the hard truth! Somebody has got to do it!

  8. Andrea says:

    I am slightly amused, but not surprised, that you chose that particular post, TML. :) It’s the closest to tough that I get. On the blog, anyway. I get pretty riled regularly when I see people make certain financial choices.

    Don’t be a hater, Dog … :) Except for the Ramsey thing. Go ahead and hate on him. He’s obnoxious and mean.

  9. Andy says:

    Keep up the “tough -money-love”. I always enjoy reading your posts and comments. Tough times require tough words!

  10. Andrea says:

    Eep, sorry about the emoticons. They really jack up the formatting, don’t they.

  11. TStrump says:

    Don’t change a thing … some people just can’t handle the truth.

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