Comments on: Is Personal Finance Really 80% Behavior and 20% Head Knowledge? http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/ 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. Fri, 20 Nov 2009 19:56:44 -0800 http://wordpress.org/?v=abc hourly 1 By: Weekly Roundup: Mind vs. Money Edition ∞ Get Rich Slowly http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/comment-page-1/#comment-162935 Weekly Roundup: Mind vs. Money Edition ∞ Get Rich Slowly Mon, 29 Oct 2007 08:00:38 +0000 http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/#comment-162935 [...] Speaking of which, JLP wonders is personal finance really 80% behavior and 20% head knowledge? Dave Ramsey often makes this claim, but does it have merit? (I think it’s silly to assign specific numbers to this, but I agree with the basic principle.) [...] [...] Speaking of which, JLP wonders is personal finance really 80% behavior and 20% head knowledge? Dave Ramsey often makes this claim, but does it have merit? (I think it’s silly to assign specific numbers to this, but I agree with the basic principle.) [...]

]]> By: Swim Upstream to Wealth http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/comment-page-1/#comment-162850 Swim Upstream to Wealth Mon, 29 Oct 2007 02:18:28 +0000 http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/#comment-162850 The two have nothing to do with one another, but Dave's point is you have to be disciplined. You could be someone who is a finance major with all the designations and get the same results as someone who only knows to spend less than she makes and save 10% of her pay. So I doubt Dave said this with any scientific backing, but he just wants folks to know that you don't have to be a financial genius to do well, just be disciplined. The two have nothing to do with one another, but Dave’s point is you have to be disciplined. You could be someone who is a finance major with all the designations and get the same results as someone who only knows to spend less than she makes and save 10% of her pay.

So I doubt Dave said this with any scientific backing, but he just wants folks to know that you don’t have to be a financial genius to do well, just be disciplined.

]]> By: Andy http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/comment-page-1/#comment-162813 Andy Mon, 29 Oct 2007 00:07:54 +0000 http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/#comment-162813 80/20 comes up fairly frequently because many things follow a power law distribution. For example, 20% of the websites on the internet get 80% of the hits. 80/20 comes up fairly frequently because many things follow a power law distribution. For example, 20% of the websites on the internet get 80% of the hits.

]]> By: facepages » Blog Archive » Is Personal Finance Really 80% Behavior and 20% Head Knowledge? http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/comment-page-1/#comment-161679 facepages » Blog Archive » Is Personal Finance Really 80% Behavior and 20% Head Knowledge? Sat, 27 Oct 2007 16:52:01 +0000 http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/#comment-161679 [...] You can read more here [...] [...] You can read more here [...]

]]> By: Chris Thomas http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/comment-page-1/#comment-161219 Chris Thomas Sat, 27 Oct 2007 03:09:30 +0000 http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/#comment-161219 JLP said: "It’s funny how I can ALWAYS count on you to comment on every Ramsey post." Every Ramsey post? Really? A) I work for the guy and B) I'm passionate about what we do and C) I may have commented on 3-4 of your posts. And you left off my smiley face, by the way. JLP said:

“It’s funny how I can ALWAYS count on you to comment on every Ramsey post.”

Every Ramsey post? Really? A) I work for the guy and B) I’m passionate about what we do and C) I may have commented on 3-4 of your posts.

And you left off my smiley face, by the way.

]]> By: Chris Thomas http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/comment-page-1/#comment-161216 Chris Thomas Sat, 27 Oct 2007 03:07:18 +0000 http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/#comment-161216 JLP said: “It’s funny how I can ALWAYS count on you to comment on every Ramsey post.” Every Ramsey post? Really? A) I work for the guy and B) I'm passionate about what we do and C) I may have commented on 3-4 of your posts. You left off my smiley face, by the way. JLP said:

“It’s funny how I can ALWAYS count on you to comment on every Ramsey post.”

Every Ramsey post? Really? A) I work for the guy and B) I’m passionate about what we do and C) I may have commented on 3-4 of your posts.

You left off my smiley face, by the way.

]]> By: JLP http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/comment-page-1/#comment-161163 JLP Sat, 27 Oct 2007 02:13:59 +0000 http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/#comment-161163 Chris said: <em>"I think 80% of the blog posts about Dave are written with the hopes that the writer will experience a 20% bump in his or her traffic."</em> No it's not that. Ramsey posts always tend to get a lot of comments but they do nothing for my traffic. It's funny how I can ALWAYS count on you to comment on every Ramsey post. Chris said:

“I think 80% of the blog posts about Dave are written with the hopes that the writer will experience a 20% bump in his or her traffic.”

No it’s not that. Ramsey posts always tend to get a lot of comments but they do nothing for my traffic.

It’s funny how I can ALWAYS count on you to comment on every Ramsey post.

]]> By: Creative Investor http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/comment-page-1/#comment-161137 Creative Investor Sat, 27 Oct 2007 01:50:06 +0000 http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/#comment-161137 I'm not sure what he means by "Behavior," if he means "discipline" then I would agree with a statement such as: "Personal finance success comes from 80% discipline and 20% knowledge of the subject matter." As a matter of fact I would strongly agree with such a statement as discipline in the financial matters is often underestimated. What are your thoughts about this? I’m not sure what he means by “Behavior,” if he means “discipline” then I would agree with a statement such as: “Personal finance success comes from 80% discipline and 20% knowledge of the subject matter.” As a matter of fact I would strongly agree with such a statement as discipline in the financial matters is often underestimated. What are your thoughts about this?

]]> By: muddlehead http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/comment-page-1/#comment-161051 muddlehead Sat, 27 Oct 2007 00:27:39 +0000 http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/#comment-161051 100% behavior and commitment to save money for the future. 100% behavior and commitment to save money for the future.

]]> By: Chris Thomas http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/comment-page-1/#comment-160924 Chris Thomas Fri, 26 Oct 2007 22:12:26 +0000 http://allfinancialmatters.com/2007/10/26/is-personal-finance-really-80-behavior-and-20-head-knowledge/#comment-160924 I think 80% of the blog posts about Dave are written with the hopes that the writer will experience a 20% bump in his or her traffic. ;) I think 80% of the blog posts about Dave are written with the hopes that the writer will experience a 20% bump in his or her traffic. ;)

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