Comments on Boston Gal's Open Wallet: Hodding talks to Marketplace about his no-spend mo...

BG - I think you're being too hard on Colin.. I've...

2009-10-12T16:49:10.970-04:00

BG - I think you're being too hard on Colin.. I've been reading his blog for months and he seems like a pretty extraordinary, genuine kind of fella.. there isn't a whiff of indication that he lived out the year in order to write a book to benefit his own family.. his purpose seems quite a bit higher than that..
Anyway, love your blog.. and love Colin's! :)

Hi Harm, Chickens are deceptive - they could rule...

2009-10-10T18:25:57.239-04:00

Hi Harm,

Chickens are deceptive - they could rule the world if we let them :)

My sympathy to Mr. Carter and his family, but the ...

2009-10-10T16:36:02.032-04:00

My sympathy to Mr. Carter and his
family, but the article got me to
thinking. Mr. Carter MUST have a
bevy of influential and 'connected'
friends, can't he get a job through
networking?
(and btw, it's a chicken coop, not
coup, unless you're reading "Animal
Farm", LoL)

Hi RainyDaySaver, In a post Hodding explains how ...

2009-10-10T13:24:41.915-04:00

Hi RainyDaySaver,

In a post Hodding explains how he got into so much debt:

Our average combined income—drum roll, please—for the past decade had been … $41,000. Thanks to those heady days of refinancing, deft shuffling of credit-card debt, deceased grandparents, and a lucrative house sale, however, we had lived, year after year, as if we were making $120,000. Like 70 percent of our fellow Americans, we were living off our VISA cards with no means of paying them off any time soon. As a result, we had $75,000 in credit-card debt and owed $245,000 on a $289,000 house. What had I been thinking?

Kind of sad that he managed to blow through the inheritance and the money he made with a well timed house sale in the bubble years...

When I see such disparate debt vs. income amounts,...

2009-10-10T12:03:10.000-04:00

When I see such disparate debt vs. income amounts, it makes me wonder how some folks don't notice that they're living beyond their means until it's too late. $75K in CC debt is insane -- I panicked at $5K and wiped that slate clean a few years ago (we're working off hubby's debt now and should be done by Jan/Feb).

Book deals always sound good in theory, but it will be the advance/sales/residuals that will determine how far out of debt he and his family get. He'll likely have to find other income opportunities to fund things like college tuition and, I can only assume, retirement accounts for him and his wife.