http://www.consumerismcommentary.com/2007/04/30/the-carnival-is-up-27/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 21 Mar 2010 00:18:32 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.consumerismcommentary.com/2007/04/30/the-carnival-is-up-27/#comment-95331 RobertR Tue, 01 May 2007 04:13:48 +0000 http://www.consumerismcommentary.com/2007/04/30/the-carnival-is-up-27/#comment-95331 A lot of the mass-market personal finance texts like to keep saying "it's not what you earn it's what you keep". That's true to a point but essentially a dumb statement. If you earn more you can keep more. The problem with mass-market personal finance books is they coddle the readers too much, they are designed to have mass-market appeal and that means not containing any advice that might be difficult to swallow. Someone earning $40,000 per year would much rather hear someone tell them to save an extra 10% of their paycheck than hear someone tell them to work harder and try to make $60,000 or $100,000 a year. I know a few high income earners with little to show for it, but the vast majority of the high-income earners I know also have a great deal of savings and high net worths. A lot of the mass-market personal finance texts like to keep saying “it’s not what you earn it’s what you keep”. That’s true to a point but essentially a dumb statement. If you earn more you can keep more. The problem with mass-market personal finance books is they coddle the readers too much, they are designed to have mass-market appeal and that means not containing any advice that might be difficult to swallow. Someone earning $40,000 per year would much rather hear someone tell them to save an extra 10% of their paycheck than hear someone tell them to work harder and try to make $60,000 or $100,000 a year. I know a few high income earners with little to show for it, but the vast majority of the high-income earners I know also have a great deal of savings and high net worths.

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