Comments on CAN I GET RICH ON A SALARY: The Lady Who Wouldn’t Pay Off Her Credit Cards Eve...

Strange story.I don't think that her strategy ...

2011-12-23T22:31:17.478-08:00

Strange story.I don't think that her strategy is fair .We should pay our debt if we have money as debt is for our help and it is our responsibility to pay it off.
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This situation seems pretty curious to know and it...

2011-12-07T04:37:23.909-08:00

This situation seems pretty curious to know and its very bizarre case as well.Actually the situation is pretty tough in the market so may be she don't want to take risk by paying the debt, she is pretty keen on her saving.
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However, the best advice is to have no credit card...

2011-10-05T05:59:47.213-07:00

However, the best advice is to have no credit card. Be miserly with your expenditures, and generous with savings.
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You have a very useful blog. I am surely going to ...

2009-12-08T03:01:35.967-08:00

You have a very useful blog. I am surely going to bookmark it right now. I have been into credit card debt for past 6 months and my life seems so hard. I searched for solution on the internet, blogs and forums. I got some help but that was not enough for debt settlement. One of my friend referred me to a credit card debt relief program . I must say, I got some good tips and ideas from experts. Now, I have almost repayed 80% of my debt.

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It doesn't surprise me. There are many people who ...

2008-08-28T07:12:00.000-07:00

It doesn't surprise me. There are many people who have run up much bigge credit card debt and freely admit they have no hope of ever paying it off. Some even say they stopped making the minimum payments anyway.

IMO, that's THEFT. And it's happening more and more.

Bring back Debtors Prison. I'm serious.

that is a pretty strange story. I'd have to watch...

2008-07-14T17:48:00.000-07:00

that is a pretty strange story. I'd have to watch the woman myself to know what to really think.

my blindspots? well, I think I make somewhat the same mistake. I don't follow the strict "Logical" order of paying credit off first, then doing investments. If I always did that, with my sporadic income, I'd never have any investments, and it would just go on like that forever. I do pay them off, of course - I just like to think I do it strategically; time it, etc.

Two words - divorce settlement. Sounds like someo...

2008-07-14T08:18:00.000-07:00

Two words - divorce settlement. Sounds like someone who has been out of the workforce for a long time, hence the under-earning. And retirement account balances accrued over the marriage would have been divided in half.

That's an awful lot of money for someone making so...

2008-07-11T15:16:00.000-07:00

That's an awful lot of money for someone making so little. It almost makes me wonder if she inherited some of that cash.

Anyways, I don't get why she wouldn't pay it off, it doesn't make sense at all to me. Maybe she was just lying to the radio host to sound more important than what she really was.

Thanks for the comments, everyone!

I had th...

2008-07-10T06:34:00.000-07:00

Thanks for the comments, everyone!

I had the same thought about whether she just came into a windfall -- but the amount she has her retirement accounts made me think she had done quite a bit from saving the money herself. I'm not super knowledgeable about it, but I would think the maximum annual contributions would mean she couldn't use a windfall to get to that listed amount in retirement accounts, meaning she would have had to contribute it little by little, year by year.

She came on the portion of Suze's show called, "Can I Afford It?" I can't remember what she was asking if she could afford (what she was seeking to buy) -- but Suze was about to say yes easily, until she found out about the credit card debt. Then she changed her decision to "Denied!"

yeah, makes you wonder if she didn't just inherit ...

2008-07-09T17:46:00.000-07:00

yeah, makes you wonder if she didn't just inherit the money or something.. If not, that's a pretty silly thing to do - not pay it off. And she should be investing that money!!

Maybe she didn't really save all that money hersel...

2008-07-09T16:42:00.000-07:00

Maybe she didn't really save all that money herself and is just a financial idiot because I can't see how she can save ANY money with her salary and expenses. Did Suze tell her to pay off the credit cards?

Some people feel as long as their making "payments...

2008-07-09T08:45:00.000-07:00

Some people feel as long as their making "payments" their doing fine.

It can be hard to sit down and write out a check for 5 figures!!!

As u said maybe it's a comfort zone thing!