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	<title>Comments on: Some Thoughts On Steve&#8217;s Article and Personal Finance</title>
	<link>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/</link>
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	<pubDate>Sat, 11 Oct 2008 00:06:48 +0000</pubDate>
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		<link>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-461192</link>
		<pubDate>Thu, 10 Jul 2008 07:09:28 +0000</pubDate>
		<guid>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-461192</guid>
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		<link>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-427269</link>
		<pubDate>Tue, 17 Jun 2008 21:31:46 +0000</pubDate>
		<guid>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-427269</guid>
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		<link>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-341506</link>
		<pubDate>Sun, 20 Apr 2008 11:04:42 +0000</pubDate>
		<guid>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-341506</guid>
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		<link>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-267089</link>
		<pubDate>Fri, 15 Feb 2008 05:55:13 +0000</pubDate>
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		<link>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-262128</link>
		<pubDate>Sun, 10 Feb 2008 17:22:58 +0000</pubDate>
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		<title>by: Zoloft side effects.</title>
		<link>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-150213</link>
		<pubDate>Thu, 06 Sep 2007 03:52:38 +0000</pubDate>
		<guid>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-150213</guid>
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		<title>by: Steve</title>
		<link>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-14360</link>
		<pubDate>Fri, 01 Dec 2006 20:02:37 +0000</pubDate>
		<guid>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-14360</guid>
					<description>Hi Kimber,

Well, it depends on the person.  I would think a normal person doesn't have much in the way of travel expenses, gifts are usually on credit cards, which is debt, one time expenses obviously can't be figured into a budget unless they are reoccurring, in which case I divide those by 12 to get the monthly cost (property taxes, car insurance, etc.) I don't have any professional fees, so I'm not sure what you do, my investment expenses are $7 a trade, so I'm not sure how yours are so expensive.  

As for the office, automobile, etc it depends who gets billed for those.  If you are personally billed, they are your expenses (a mortgage and a car payment are expenses, obviously.)  If you own your car through a corporation you own, then it's the corporations expenses and it's taxed at the corporate rate, which is quite different.

Owning my own Corporation, I can expense off my travel and all that on my company, however, you miss the point of the article which was if you lower your re-occuring debt to a very low amount, you would have tons of money to invest or travel and pay CASH for it instead of debt your way into it.

I bought my car with cash, I have no payment and never have.  I'm working to pay off my house and should have it paid off by next Christmas, another debt gone and those are the two debts that are usually the highest for people.  If I combine the payments I would be making to the car and the house I could easily afford a cruise in the nicest room once a week every month and pay cash for it.  I could fly pretty much anywhere in the world and pay cash, simply because I lowered my monthly expenses.

I cancelled my DirecTV which was $70 a month.  I personally send that money to Scottrade automatically now, but I COULD have $70 to go out to 7 $10 meals a month or I could save it for 3 months and have $210 to go to Las Vegas or I could save it for a year and have $840 to go on a cruise once a year, simply from saving my satellite TV bill.  That's not to say everyone should cancel their TV, but it is to say that by lowering my monthly output I have greatly increased my ability to do anything I want and pay cash to do it.

Invest in peace...</description>
		<content:encoded><![CDATA[<p>Hi Kimber,</p>
<p>Well, it depends on the person.  I would think a normal person doesn&#8217;t have much in the way of travel expenses, gifts are usually on credit cards, which is debt, one time expenses obviously can&#8217;t be figured into a budget unless they are reoccurring, in which case I divide those by 12 to get the monthly cost (property taxes, car insurance, etc.) I don&#8217;t have any professional fees, so I&#8217;m not sure what you do, my investment expenses are $7 a trade, so I&#8217;m not sure how yours are so expensive.  </p>
<p>As for the office, automobile, etc it depends who gets billed for those.  If you are personally billed, they are your expenses (a mortgage and a car payment are expenses, obviously.)  If you own your car through a corporation you own, then it&#8217;s the corporations expenses and it&#8217;s taxed at the corporate rate, which is quite different.</p>
<p>Owning my own Corporation, I can expense off my travel and all that on my company, however, you miss the point of the article which was if you lower your re-occuring debt to a very low amount, you would have tons of money to invest or travel and pay CASH for it instead of debt your way into it.</p>
<p>I bought my car with cash, I have no payment and never have.  I&#8217;m working to pay off my house and should have it paid off by next Christmas, another debt gone and those are the two debts that are usually the highest for people.  If I combine the payments I would be making to the car and the house I could easily afford a cruise in the nicest room once a week every month and pay cash for it.  I could fly pretty much anywhere in the world and pay cash, simply because I lowered my monthly expenses.</p>
<p>I cancelled my DirecTV which was $70 a month.  I personally send that money to Scottrade automatically now, but I COULD have $70 to go out to 7 $10 meals a month or I could save it for 3 months and have $210 to go to Las Vegas or I could save it for a year and have $840 to go on a cruise once a year, simply from saving my satellite TV bill.  That&#8217;s not to say everyone should cancel their TV, but it is to say that by lowering my monthly output I have greatly increased my ability to do anything I want and pay cash to do it.</p>
<p>Invest in peace&#8230;
</p>
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		<title>by: Kimber</title>
		<link>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-14335</link>
		<pubDate>Fri, 01 Dec 2006 14:22:15 +0000</pubDate>
		<guid>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-14335</guid>
					<description>Okay, Steve, I'm starting to see why you can easily stick to the $2,000 a month rule.

As far as I understand, your $2,000 does not include travel, gifts, other one time expenses, professional fees, investment expenses, anything that can be attributed to a business (which I guess would include my home office, automobile, research expenses), etc. 

So what exactly does it include?  I'm confused.  'Cause I try to structure most of my expenses to be offset with revenue (and as a result tax deductable).</description>
		<content:encoded><![CDATA[<p>Okay, Steve, I&#8217;m starting to see why you can easily stick to the $2,000 a month rule.</p>
<p>As far as I understand, your $2,000 does not include travel, gifts, other one time expenses, professional fees, investment expenses, anything that can be attributed to a business (which I guess would include my home office, automobile, research expenses), etc. </p>
<p>So what exactly does it include?  I&#8217;m confused.  &#8216;Cause I try to structure most of my expenses to be offset with revenue (and as a result tax deductable).
</p>
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	<item>
		<title>by: Steve</title>
		<link>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-13981</link>
		<pubDate>Tue, 28 Nov 2006 07:25:33 +0000</pubDate>
		<guid>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-13981</guid>
					<description>Ahh Kimber. 

Legal bills, professional services and travel would all fall under business expenses, not personal expenses.  At least for the most part.  Especially since they are all tax write offs if used under a business umbrella.

Buffet doesn't need a computer to make trades, he has a telephone. :)  And I bet it's a local call and if it's not, it's a business expense since Berk Hath is a business.  It wouldn't be a personal expense.

Invest in peace...</description>
		<content:encoded><![CDATA[<p>Ahh Kimber. </p>
<p>Legal bills, professional services and travel would all fall under business expenses, not personal expenses.  At least for the most part.  Especially since they are all tax write offs if used under a business umbrella.</p>
<p>Buffet doesn&#8217;t need a computer to make trades, he has a telephone. <img src='http://www.investorgeeks.com/wordpress/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' />   And I bet it&#8217;s a local call and if it&#8217;s not, it&#8217;s a business expense since Berk Hath is a business.  It wouldn&#8217;t be a personal expense.</p>
<p>Invest in peace&#8230;
</p>
]]></content:encoded>
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	<item>
		<title>by: Kimber</title>
		<link>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-13958</link>
		<pubDate>Mon, 27 Nov 2006 23:40:31 +0000</pubDate>
		<guid>http://www.investorgeeks.com/articles/2006/11/22/some-thoughts-on-steves-article-and-personal-finance/#comment-13958</guid>
					<description>I agree with you about "things" but I'm pretty sure that Buffett and Gates spends more than $4,000 a month on legal bills and other professional services.

Gates, for one, has personal assistants out the ying yang.  Buffett doesn't have a computer on his desk so I'm pretty sure he pays someone to make his trades.  They may not buy things but they certainly buy time.

And we won't even talk about their travel bill.</description>
		<content:encoded><![CDATA[<p>I agree with you about &#8220;things&#8221; but I&#8217;m pretty sure that Buffett and Gates spends more than $4,000 a month on legal bills and other professional services.</p>
<p>Gates, for one, has personal assistants out the ying yang.  Buffett doesn&#8217;t have a computer on his desk so I&#8217;m pretty sure he pays someone to make his trades.  They may not buy things but they certainly buy time.</p>
<p>And we won&#8217;t even talk about their travel bill.
</p>
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