Comments on: How To Learn The Value Of Money http://sethigherstandards.com/2007/08/03/how-to-learn-the-value-of-money/ Ramblings from a 30-something ultra-marathoning yogi with a day job. Mon, 21 May 2012 00:41:15 +0000 hourly 1 http://wordpress.com/ By: Phillipeb http://sethigherstandards.com/2007/08/03/how-to-learn-the-value-of-money/#comment-771 Tue, 04 Mar 2008 23:34:18 +0000 http://www.sethigherstandards.com/how-to-learn-the-value-of-money/#comment-771 I appreciate you writing this blog. In the process of becoming vegan five years ago and evaluating every aspect of my life i have come to realize also how out of balance my idea of money and wealth truely are. In an effort to understand this i got rid of most of my possesions, which if truth be told was not much, and kept several different spending journals as well as starting putting 10% of my paychecks away for my nieces college fund. This monthly give and take has taught me to understand at least in part what money means and can do. I appreciate your technique because it goes the rest of the way and allows me to understand truly what the value of a single dollar is.

]]> By: Lurker http://sethigherstandards.com/2007/08/03/how-to-learn-the-value-of-money/#comment-770 Sun, 06 Jan 2008 15:28:04 +0000 http://www.sethigherstandards.com/how-to-learn-the-value-of-money/#comment-770 I have been learning to trade futures for 1 year. It took me several months to recover my initial losses and expenses, however after I broke even I began to make steady profits.

Being very bearish on the US economy, I shorted quite a few ES contracts and sold USD against EUR and JPY. After making higher profits in a day than some people I know make in a month, I started to have a crisis about the value of money. This feeling of not having truly “earned” the profits caused me to give some of them back to the market by breaking my own rules.

I’ve mostly recovered from that now. However, making money trading does have an effect on how you perceive value. It is also isolating as those who have never made money trading will not understand. Thank you for your article – it is most helpful and I’ve come across your website at perhaps the best time!

]]> By: Steve http://sethigherstandards.com/2007/08/03/how-to-learn-the-value-of-money/#comment-769 Sat, 15 Dec 2007 01:13:55 +0000 http://www.sethigherstandards.com/how-to-learn-the-value-of-money/#comment-769 Take a note book and write down EVERY cent you spend for a week. I did it one time and was shocked at how much I spent on junk. I also look at the price of something and figure out how long I worked to earn that much money. If I wouldn’t work that long if the payment was the thing I’m thinking about buying I don’t buy it. Example: “Would you work for a year if at the end of that time the only pay you you would get was that new car you were looking at?” If the answer is no I don’t purchase it.

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