Comments on: Living on 50% of My Income and a Media Fast

By: Off The Waist and Into the Wallet: Save At Least $100/mo. By Fasting For Financial Fitness | MoneyEnergy

Thu, 21 May 2009 07:30:26 +0000

[...] going to use it to catch up on some much-needed rest. It’s also a good day for doing a media fast. You could also use it for doing an online/computer fast. Anyone else with me on that? Would [...]

By: Chad @ Sentient Money

Chad @ Sentient Money — Mon, 09 Mar 2009 23:23:49 +0000

Good goals. However, I know I won’t be doing the media fast. At some point this market and economy will turn and I plan on being ready when it does.

By: Adar

Adar — Mon, 09 Mar 2009 19:24:41 +0000

I agree that media coverage of the downturn
seems to be doing more harm than good, both
to our individual psyches (and judgments!) but
also to the larger situation in the world.

At the moment, I’m cutting back my spending
in concert with the amount that my income
has dropped, but still maintaining my tithe,
sending it to the local Food Bank. I’m sharply
aware that I am still better off than a lot
of folks.

By: Matt

Matt — Mon, 09 Mar 2009 13:20:26 +0000

Good luck with the fast and the decrease in spending! I am also trying to cut back the amount of news in general I take in. I think the media encourages the economic downturn to spin out of control by inciting paranoia.

By: MoneyEnergy

MoneyEnergy — Mon, 09 Mar 2009 03:44:24 +0000

I love the 4HWW. And I agree about not getting on the greed train. It can happen so subtlely, too – it happened to me last summer when I started buying some junior mining companies in Canada that didn’t pay a dividend because they hadn’t even made any finds yet – they just had the land! I learned from that very quickly.
Now I only buy stocks that pay me. I don’t subscribe to “buy and hope.”

By: Steve

Steve — Mon, 09 Mar 2009 02:30:43 +0000

In the spirit of the Four Hour Work Week, I could not agree more that a media fast is exactly what we all need! Actually, though, just a little of this type of news is what we need to save, so that when the market is booming, we will stick to our investment strategy, rather than join the erratic greed train :)