May 08, 2012
I'm still not playing poker, and the US online scene is looking pretty sad these days. But in spite of all that, I've started tightening up my finances in anticipation of pending legislation and/or my next deposit. Yup, I'm a total degen. Woteva (as those English kids love to say). I was reading this thread about Dave Ramsey's Total Money Makeover on 2+2 the other day (when the forums were still up before it got hacked), and it really got the old gears turning. I have about 5K in credit card debt, so I worked Excel and figured that can be cleared with just a bit of budgeting in about 5 months. Yeah, and I've had this revolving debt for about 10 years now... doh! (Don't go for the free t-shirt and credit card offer in college, kids!)
But really thinking about my finances opened up the floodgates: Debt, Savings, Retirement, IRA, Taxes, Bonds, Equities, Keynesian economics, Austrian economics, aggregate demand, malinvestment, animal spirits, and on and on. I'm reading multiple economics and investing books (from all perspectives) and watching multiple documentaries at the same time too, and I still can't get no satisfaction. It's kind of gotten out of control. It's pretty weird cause I never cared about economics before. Anyway, I already posted this in the Awesome Links thread, but it's pretty cool so I'll put it up again:
This vid really hits on all levels, great production value and intellectually stimulating. You can go to the website and wiki all the terms and it checks out as legit economics terms. It's about the coolest, geekiest video I've seen in years.
As for where I lean theoretically, I'm still not sure yet. I'm in total belt-tightening mode right now, so you could say I'm more in tune with the Austrian school, but maybe not since this lifestyle is only temporary to pay off the credit cards. Keynes is kind of a balla'... anyway, peace!