Comments on: Your Questions? Ask Mrs. Micah…almost anything

By: Mrs. Micah Answers Almost Everything

Mrs. Micah Answers Almost Everything — Tue, 24 Jun 2008 14:32:17 +0000

[...] week I asked you if there was anything you’d been wanting to ask and see answered on the blog. Well, here are [...]

By: Andrew Stevens

Andrew Stevens — Mon, 23 Jun 2008 16:10:56 +0000

Budgets, not true. I’d invest all of it. But I don’t have any debt worth paying off and I have everything I want. I might save less money in the future though than I currently am.

By: mrsmicah

mrsmicah — Mon, 23 Jun 2008 15:55:32 +0000

@J, I guarantee you that if you give me $500k now, the first $100k or so would go towards paying off debt. Then another $50k would go into some kind of accessible but high-interest savings/CD/money market. The rest I’d invest. So starting with more like $350k. But I’d rather have that now because I’d feel like it was freeing me up for the future.

By: budgets are sexy

budgets are sexy — Mon, 23 Jun 2008 15:48:38 +0000

That’s a good point Andrew, raising it to $2 million is def. a trickier one – BUT only for those who have the patience and investing smarts to do it

I can guarantee that if you give $500k to someone, they will be sure to spend a little on themselves, pay off some debt, and THEN start investing it – leaving you with a good amount less to start working towards the $1 or $2 million mark.

By: tarits

tarits — Sat, 21 Jun 2008 09:01:29 +0000

hi mrsmicah! i’m a fulltime grad student right now (and for the next 2 years). your site really inspires me and has given me a lot of ideas, not just financially but in living the simple life. keep it up!

By: Money Blue Book

Money Blue Book — Sat, 21 Jun 2008 05:50:53 +0000

How about weekly home meal preparation advice for us guys who suck at cooking and often end up eating out a lot?

By: Andrew Stevens

Andrew Stevens — Sat, 21 Jun 2008 03:27:41 +0000

Budgets, that’s a pretty easy question. Do you think you can do better than 7.2% per annum? If so, take the money now. Otherwise, defer it. It’s a better question if it’s $2 million in the future. Then you’d have to do better than 14.9% per annum which isn’t terribly likely. As it stands, I’ll take the half a million now. Raise it to $2 million and I’ll wait the ten years.

By: Mark Salinas

Mark Salinas — Sat, 21 Jun 2008 02:04:30 +0000

I like your site…I will definitely be back with questions….hopefully I don’t annoy you to much

By: budgets are sexy

budgets are sexy — Fri, 20 Jun 2008 20:28:34 +0000

cool idea, i hope you get lots of questions. i can’t think of anything off the bat, but i’ll holler once I do

or maybe i’ll just make one up now? how about a “would you rather” one, those are always fun!….let’s see here.

Okay here we go: “Would you rather have $500k now (no taxes, fees, etc) OR would you rather get 1 million ten years from now (no fees again)?”

You could do a lot with that money now – invest it, spend some, pay off loans, etc…OR could just get more later if you’re willing to be patient

By: Vered

Vered — Fri, 20 Jun 2008 20:10:25 +0000

I am curious about your long-term plans… say 10 years from now: where do you see yourself, financially, professionally, personally?