Sep 192018
 

Freedom 35 Blog’s Growing influence

It’s been a few years since the last post featuring mean comments. I hope this time people will be nicer.ย ๐Ÿ˜ณ

Most of my regular visitors have positive and encouraging discussions in the comment sections on the blog. Thanks guys! ๐Ÿ˜€ But of course it’s also important to hear opposing views to understand personal finance through different life experiences. I’m not sure if you guys know this, but I’ve been told that my articles can rub some people the wrong way. I know – this was surprising for me to hear too.

Over the last few years this blog has been mentioned on different websites and internet forums, often met with some interesting feedback. I’ve gathered some of those comments today to share with my regular readers so we can look at some fresh perspectives, and perhaps learn something new. ๐Ÿ˜€

Below are comments written by random people online after they have read my blog posts.

 

Liquid’s Response

Apparently there’s a lot of people who think my writing is stupid.ย ^^โ€™ Well, I just have one thing I’d like to say in response to all those people.

I just want them to know that I’m very grateful for their constructive criticism. ๐Ÿ™‚ One person even compared my writing to the professionals at CNN. Golly. ๐Ÿ˜€ Maybe I should work as a financial columnist for a large news organization. I think I can help a lot of people who are struggling with money.

I want to know the best way to become wealthy and reach my freedom 35 goal. This means listening to different people’s ideas, so I can become smarter and make changes to improve my existing financial plan. ๐Ÿ™‚

Based on the comments above, it’s clear that many people believe paying down debt should be a high priority. This is an unusual idea to me because I think having debt is okay. I currently only have $426,000 of debt so it’s not even that much. I have spent a lot of money over the last few years buying marijuana stocks, trading Bitcoin, and giving loans to private companies. I was recently thinking about buying a new Tesla to replace my old car. But maybe the anonymous internet folks have a valid point. Perhaps I should focus more on debt repayment instead of purchasing new assets.

Paying off my line of credit sooner would lower my monthly interest payments, so that’s good. But I would also have to delay my spending and investing plans, which is bad. I will have to reflect deeply on this and announce my decision later.

In the meantime, if you liked today’s article and missed out on the previous mean comments posts, feel free to check out Part 1 here and Part 2 here.

Thanks for reading. ๐Ÿ™‚

 

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RICARDO
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RICARDO

You must be doing something right if you are not pleasing all the people all of the time.

Vireo
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Vireo

All those comments reminded me of those dietary recommendations:
– You must not eat any fat; you should not eat carbs and only white meat; Don’t eat the egg yolk; eat raw food only;…

I suppose everyone has his/her own theory, in both dietary and financial plan.
Everyone case is different, and that everyone has to decide what’s right for himself/herself. What works for one may not be the case for others.

jambr403
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jambr403

LOL I like this blog because Liquid thinks outside of the box. I have significant tax deductible debt but I sleep well at night because I’m properly diversified. During the next downturn I might use debt to pick up bargains.

Chris CD
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Chris CD

Debt can be used, but it must be used carefully. You have so far successfully used it to increase your investments and those investments have increased in value. The fear is what happens when the value of the investments drops. Will you still be able to cover the debt payments? If your answer is yes, then keep doing what you are doing. You have a much higher risk tolerance than I do. So far you have ben rewarded for that. :O)

Tim
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Tim

I have to admit… I’ve always been very cautious of your borrowing approach to invest.. At the wrong time that would have really nailed you… If you had started this in the 2004 or 2005 era… things would have looked very different… But you jumped on a great time and leverage an overall market that have increased over 3 fold the past 3 years was a very wise thing to do. you really had to screw up to not make money in this market since 2009… I think you are still in a higher risk than normal spot… but you have done a lot to diversify as well so given the over all playing field.. I think you will weather the next storm. It has been great watching all of your moves and how things have worked out well for you. I really considered leveraging the market back in 2012 and now.. really really wished I did. But I’ve chosen the other road of having no debt… Well I currently have a $45K business debt remaining, but I am brushing the $1M mark in NW so I feel like the approach I’ve chosen worked to get me here… However, Being… Read more ยป

Steve
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Steve

My very non-professional opinion is that it is mostly about cash flow. If you dividend stocks that survived the 2009 crash without cutting dividends and those dividends are sufficient to cover your interest owed you should be okay. In addition if your spare income from your work can cover your payments you should be okay. The percent of leverage you use is not the whole story. The actual numbers matter too. 100% leverage for a guy who owes $50,000 is much less dangerous than a guy who owes $5,000,000 because the $50,000 guy should be able to go to work and cover the cash flow.

So when starting building wealth leverage is much less dangerous than later on in the game. But basically consider various cash flow scenarios and see how you would hold out ๐Ÿ™‚

Financial Orchid
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Haters gonna hate.

That is all.

How’s the new job going?
Is it same industry as your longest job?

Dude
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Dude

They are harsh critics because your โ€œplanโ€ isnโ€™t replicable. It relies on 1) a rising stock market, and 2) falling interest rates.

Eliminate/reverse one, or both, of these factors and your โ€œplanโ€ fails.

Jacob
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Jacob

Have you thought about leaving Vancouver?

Greater pastures in Alberta. You could rent or sell your place in Vancouver and get something larger in Edmonton or Calgary.

AlW
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AlW

I think you have to look at personal finance the same way you look at game plans for sports. Some teams win with very good offences & others win with really good defenses. The key is knowing your teams strengths and weaknesses, the other teams strategy, and being able to modify your game plan accordingly.

Honestly, Iโ€™ve lived both lives!

Iโ€™ve been the mega saver that was scared of debt & paid everything off. (Great defence)

Iโ€™ve been the highly leveraged guy whoโ€™s comfortable with โ€œgoodโ€ debt because the return is higher than the interest paid on it and the resulting cash flow has been great. (Great offence)

What made me change was the low interest environment we are living in!

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[…] About once a year, Freedom 35 Blog puts together a bunch of negative comments about his blog from various anonymous internet folk. They’re pretty funny. Nice to see he’s got a […]

GYM
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They are just jealous. You have increased your net worth in leaps and bounds and have trouble looking for the grey in their black and white picture ๐Ÿ™‚

Keep up the great work!

Phil
Guest
Phil

Stick to your plan… you are doing fine. Debt can be a tool if kept in check and understood as you do. In the end you do this for you, and only share your experiences, and really that is all that matters. Cheers to your successes and learning’s so far. I’m certain your life is far less stressful than many of the commenters. The shape of your curve defines how well you are really doing, and to be honest, yours is very smooth – Cheers