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4:07 pm January 27, 2011
| brokeprofessionals
| | New Jersey | |
| Member | posts 91 |
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I believe as personal finance (and to some extent personal/professional development) bloggers that we should try our best to be entertaining, but we should also probably try our hardest to set good examples, etc., through our sites. What I am not sure about is whether we can make a point by showing what you should not do. What made me think about it is a new series my wife and I started at our site, where we attempt to recreate the "monkeys throwing darts" stock experiment with our dog choosing the stocks instead. I think it will be entertaining and fascinating, but I keep thinking it is a bad idea to invest in individual stocks, and to invest the way we are going to as part of the series. So, in short, can we feel alright in the knowledge that we will be teaching to some extent what not to do? Or does a blogger always have to show what to do?
Any thoughts on how such an issue has arisen on your own blogs?
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7:14 pm January 27, 2011
| JT_McGee
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As a reader, I like anything that is different. I think having your dog pick stocks would be fun just to see the results. You could mention that you don't think it's a sound strategy and write another post explaining why. Different posts for different folks :)
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2:02 am January 28, 2011
| Buy Like Buffett
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The do not do's are just as important as the how to do's. If that makes sense!
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4:46 am January 28, 2011
| Derek@LifeAndMyFinances
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I like to include the advice as well as the failures! Your readers won't expect you to be perfect, and if you are, then that's just boring. If you write about your life and are as transparent as possible, then you will do well.
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9:05 am January 28, 2011
| Aloysa
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I write about my failures and what I learned from them… because I am not perfect – no one is. Perfectionism is boring. People who read blogs want to see a human being behind it, not someone who says "you should do this because this is the right thing to do." Readers already know what is the right thing to do (I hope)… what they want to know is your story, how you achieved what you've achieved, how you came to be a person you are right now, your failures, successes and mistakes…. IMHO.
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9:22 am January 28, 2011
| My Personal Finance Journey
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I agree – I think just like anyone, blog readers learn as much, or maybe more, from our failures! I share both.
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9:47 am January 28, 2011
| Khaleef @ KNS Financial
| | Fat Guy, Skinny Wallet | |
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I think that since many of us are arrogant and prideful, we don't heed warnings very well. So actually writing about the consequences of bad decisions would be a great help!
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9:49 am January 28, 2011
| Invest It Wisely
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I don't think we necessarily have to set good examples in what we write as much as we can help the reader by encouraging them to think and look at things critically. I'm not a poker god by any means but one thing that I like about the books that I've read is that they encourage you to think about things a certain way when analyzing a situation. It doesn't mean that there's a right or wrong answer, only that there are things you should consider.
In the same way, you might not like investing in individual stocks, but we can still learn something by looking at it and evaluating it critically. I think it doesn't matter if you're right or wrong since right and wrong will vary from person to person; what matters is that you speak your mind and write with good intentions.
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11:35 am January 28, 2011
| financialstudent
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I don't feel an obligation to always make the smart move because of my readers. I make mistakes, just like they do. There's a reason I'm not a professional (yet…) .
That said, I don't think a blogger should be critizing someone's debt if they themselves have similar debt. That type of thing.
My blog mainly tells people how I do things. I think I make the right decision most of the time, but everybody's situation is different so my right decision may be your wrong decision.
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11:50 am January 28, 2011
| Sustainable PF
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Post edited 11:51 am – January 28, 2011 by Sustainable PF
Our site falls into this thread topic …
We look @ PF with a Sustainable outlook. We try to show how our choices are good for both our PF and our beliefs about how we go about living our lifestyle. However, we won't always be successful b/c we try to balance both "worlds". For example – organic, locally produced food is WAY more expensive than stuff from Walmart (where we refuse to shop). Is this the right PF choice? Nope, we spend more due to our choice. Could it be the right PF choice over the course of our lives (when we consider our health, the environment that we live and breath and reproduce in etc etc) – perhaps … but I can't say for certain. Another example – our car purchase. We bought a car that uses GAS. Not a hybrid. Sure we tried to get one that has partial zero emissions exhaust, but we ultimately didn't make the MOST sustainable choice (which would have been a) don't drive period and b) drive a non oil based vehicle) – we made an economic choice. So again, would a hybrid save us money over the lifetime of owning the car (we own ours for 15 yrs or more before they fall apart) … perhaps once again. Same thing as our food choice regarding the environment and our health, and the fuel purchases and increasing cost of fuel. But again, impossible to forecast.
I'm rambling. We're bloggers. We write about what we think about. Sometimes we truly believe what we're writing in, sometimes we write to start discussion. Some people write to make money, some people write b/c they are passionate about their topic of choice, or simply love to write! Check out any PF blog and you'll find a disclaimer stating that what is written is NOT professional advice. Just the ramblings of one or more people who post material on the Web.
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1:15 pm January 28, 2011
| Eric – PersonalProfitability.com
| | Portland, OR | |
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I echo everyone above. Being a real person is important for readers to be able to connect to you as a blogger. Part of being human is bringing the human approach. We all make awesome strides and horrible mistakes. A mix of both gives you depth and keep readers interested.
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2:00 pm January 28, 2011
| Frugal Confessions
| | Houston, TX | |
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I don't think we should try to appear perfect. I struggle with this as well, because sometimes I feel that if I put my failures out there, I will be ridiculed (the commenter who says "why are you writing a blog?").
As it turns out, my failure writings are some of my most popular, and people are generally open to them. In fact today I had one up yesterday: My List of Stupid Money Spent: 2010.
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2:56 pm January 28, 2011
| everydaytips
| | Detroit Area | |
| Member | posts 455 |
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I talk about my mistakes all the time. It is a balance between trying to maintain a level of respect/credibility and being human. There is a big difference between someone giving financial advice and then going bankrupt versus someone who forgot to use their 20 percent off coupon at Bed Bath and Beyond.
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3:14 pm January 28, 2011
| brokeprofessionals
| | New Jersey | |
| Member | posts 91 |
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I agree with what everyone has said, I guess the difference for me is that I am putting up something that I know is somewhat incorrect (in my opinion) from the start. I agree it is good to post about your mistakes, but it might be something else to put an experiment or an entertainment piece above actually providing good advice. I like the sentiment that it is alright so long as you make an effort to point out what is wrong about it in your opinion/etc., so others can learn from you. In my day job I'm a lawyer so a lot of what I do is about perception and trying to act to clients or adversaries as though you do not make errors…so maybe that is my holdup exposing the weaknesses in a blog……even if it is anonymous. Thanks again.
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8:52 pm January 31, 2011
| Invest It Wisely
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everydaytips said:
I talk about my mistakes all the time. It is a balance between trying to maintain a level of respect/credibility and being human. There is a big difference between someone giving financial advice and then going bankrupt versus someone who forgot to use their 20 percent off coupon at Bed Bath and Beyond.
Haha.. well, if the person who went bankrupt can share their story as an example of what not to do, then why not…
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