Comments on: How to Set Financial Priorities http://allfinancialmatters.com/2007/01/11/how-to-set-financial-priorities/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Thu, 24 May 2012 16:19:24 +0000 hourly 1 http://wordpress.org/?v= By: fivecentnickel.com http://allfinancialmatters.com/2007/01/11/how-to-set-financial-priorities/comment-page-1/#comment-63227 fivecentnickel.com Mon, 15 Jan 2007 02:36:17 +0000 http://allfinancialmatters.com/?p=1481#comment-63227 <strong>Weekly Roundup - 01/12/07</strong> Here’s a quick look at some of the personal finance related articles that caught my eye over the past week… Jim profiles the “Dogs of the Dow” stock picking strategy. Flexo thinks that we should forget about “The Latte F... Weekly Roundup – 01/12/07

Here’s a quick look at some of the personal finance related articles that caught my eye over the past week…

Jim profiles the “Dogs of the Dow” stock picking strategy.
Flexo thinks that we should forget about “The Latte F…

]]> By: JLP http://allfinancialmatters.com/2007/01/11/how-to-set-financial-priorities/comment-page-1/#comment-62723 JLP Sat, 13 Jan 2007 17:51:23 +0000 http://allfinancialmatters.com/?p=1481#comment-62723 Young, How do you suppose people are going to meet their goals like retirement and college savings? Investing is the fuel for all future financial goals. Finally, lots of people don't want alternative income. So, although alternative income may be one of your goals, it may not be the goal for everyone else. Young,

How do you suppose people are going to meet their goals like retirement and college savings? Investing is the fuel for all future financial goals.

Finally, lots of people don’t want alternative income. So, although alternative income may be one of your goals, it may not be the goal for everyone else.

]]> By: Young http://allfinancialmatters.com/2007/01/11/how-to-set-financial-priorities/comment-page-1/#comment-62677 Young Sat, 13 Jan 2007 14:21:25 +0000 http://allfinancialmatters.com/?p=1481#comment-62677 Where is the investing? Where is setting up a business or looking for alternative income. This priority list is bogus! Where is the investing? Where is setting up a business or looking for alternative income. This priority list is bogus!

]]> By: Tom http://allfinancialmatters.com/2007/01/11/how-to-set-financial-priorities/comment-page-1/#comment-62501 Tom Sat, 13 Jan 2007 04:01:36 +0000 http://allfinancialmatters.com/?p=1481#comment-62501 I agree with these but I would put at the very top of the list contributing to a 401k to the level of employer match. Getting an instant 25% or 50% return is substantially more than any other investment, including the paying off of debt. I agree with these but I would put at the very top of the list contributing to a 401k to the level of employer match. Getting an instant 25% or 50% return is substantially more than any other investment, including the paying off of debt.

]]> By: Angela http://allfinancialmatters.com/2007/01/11/how-to-set-financial-priorities/comment-page-1/#comment-62207 Angela Fri, 12 Jan 2007 12:25:56 +0000 http://allfinancialmatters.com/?p=1481#comment-62207 The importance of estate planning depends on your circumstances. If you have no dependents then it is probably has the lowest priority of any of the things on that list. I'm not saying that it isn't necessary, but if you have no dependents to look after whoever gets the money(including the state) is getting a windfall. Insurance, however, is pretty important, and probably should be higher up the list. Maybe after cash savings? The importance of estate planning depends on your circumstances. If you have no dependents then it is probably has the lowest priority of any of the things on that list. I’m not saying that it isn’t necessary, but if you have no dependents to look after whoever gets the money(including the state) is getting a windfall.

Insurance, however, is pretty important, and probably should be higher up the list. Maybe after cash savings?

]]> By: dimes http://allfinancialmatters.com/2007/01/11/how-to-set-financial-priorities/comment-page-1/#comment-62164 dimes Fri, 12 Jan 2007 04:35:58 +0000 http://allfinancialmatters.com/?p=1481#comment-62164 I think insurance, especially if you have any dependents or assets (and an apartment full of junk definitely qualifies) should be #2 after debt, and of course should be more imminently considered than college or retirement savings. Your "cash savings" will go out the window like that if your home catches fire or you run over an old lady in the parking lot, and your family might end up on the streets if you forget about life insurance. I think insurance, especially if you have any dependents or assets (and an apartment full of junk definitely qualifies) should be #2 after debt, and of course should be more imminently considered than college or retirement savings. Your “cash savings” will go out the window like that if your home catches fire or you run over an old lady in the parking lot, and your family might end up on the streets if you forget about life insurance.

]]> By: Cindy http://allfinancialmatters.com/2007/01/11/how-to-set-financial-priorities/comment-page-1/#comment-62091 Cindy Thu, 11 Jan 2007 19:00:55 +0000 http://allfinancialmatters.com/?p=1481#comment-62091 Thanks for sharing. IMHO, I feel that Insurance and Estate Planning could move a bit higher up on the list .. closer to Retirement Savings. I've seen too many situations where people are unprepared and the "unplanned" accident occurs. Thanks for sharing. IMHO, I feel that Insurance and Estate Planning could move a bit higher up on the list .. closer to Retirement Savings. I’ve seen too many situations where people are unprepared and the “unplanned” accident occurs.

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