Comments on: Every Financial Decision You Make is a Deal or No Deal Question

By: Alexandria

Alexandria — Sun, 23 Mar 2008 13:26:47 +0000

I’ve seen the show and can’t watch it. I can’t understand anyone who could give up a SURE $100k for the slim hope of $1 mil!!! Egads. Likewise, we would never get on the show. We’d be too boring.

That is brilliant. Good post.

By: Weekend Edition: Credit, GMAT, and Deal or No Deal | Fiscal Musings

Weekend Edition: Credit, GMAT, and Deal or No Deal | Fiscal Musings — Sat, 22 Mar 2008 18:02:58 +0000

[...] Advicehas an interesting article up comparing our everyday financial decisions to the hit game show Deal or No Deal. The question is, what kind of “deals” are we taking that are costing us our financial [...]

By: trex

trex — Sat, 22 Mar 2008 00:13:37 +0000

Being able to think beyond what is in front of your eyes is essential, but being able to think beyond yourself is even more essential. If you can trade in buying three cups of Starbuck’s coffee to save the life of someone, would you? Or would you still buy your coffee and let the child die? Since $10 can save a child’s life by providing clean water, that is the decision you should be making every time you make a purchase. Is that purchase worth more than a life?

By: Ceejay74

Ceejay74 — Fri, 21 Mar 2008 15:31:37 +0000

Wow, who writes your church’s plays? That is a brilliant yet simple metaphor that really lays out an entire financial philosophy. Thank you for sharing!

By: AJC @ 7million7years

AJC @ 7million7years — Fri, 21 Mar 2008 15:27:59 +0000

I wrote a post on this exact same topic … thanks!

I used the show to illustrate how people make poor financial decisions.

I also used it to show that the strictly mathematiclly correct decision isn’t always the RIGHT decision … for YOU. For example, I wrote another post on the Rent v Buy decision – maths says Rent … I say Buy (result: I’m rich, my accountant isn’t!).

By: Melissa

Melissa — Fri, 21 Mar 2008 14:53:37 +0000

This is, by far, the most sensible and excellent post I have ever seen. If more people thought this way when making financial decisions, the country would be in a far better place.

Thank you.

By: Letty

Letty — Fri, 21 Mar 2008 14:10:10 +0000

I am just starting Dave Ramsey’s FPU, and stories like these keep me motivated to stick with it. I know it’s going to be a little hard getting used to actually managing my money verus it managing me, but I’m looking forward to the final goal of financial security.

By: Kevin

Kevin — Fri, 21 Mar 2008 13:42:01 +0000

This is a good way to look at things. We just bought a house (yesterday) and will be needing to buy a lot of stuff soon. I will try to keep this in mind when buying.