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Email this5:40 pm
April 6, 2013
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Interesting blog article Wealth Is What You Don’t Spend mentioned by the Globe & Mail.
The article draws parallels between why people fail to lose weight and why people fail to save.
6:33 pm
January 12, 2019
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.
Perfect article and analogy ⬆
Two thumbs up❗
" Live Long, Healthy ... And Prosper! "
11:30 pm
October 29, 2017
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This paragraph is a complete cop out and it’s the motto of modern society where you don’t have to take resposibility for your actions.
“You can’t blame people for this. Spending more when your income rises is as tempting as eating more after you exercise. It feels earned and justified. This is doubly true for spending because people’s lifestyle expectations are driven by their peers. When everyone spends more, you feel entitled to spend more.”
You sure as hell can blame people!
Good article, nice find Norman1.
8:31 pm
April 6, 2013
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Most of the credit for the find goes to Globe & Mail writer Scott Barlow. 
I agree with people being the blame. Just because one isn't 100% at fault doesn't mean one is also 0% at fault.
For example, after swimming for an hour and burning about 500 calories, there's no physiological need to wolf down a dozen chicken wings (500+ calories) and two beers (2 x 150 calories).
Sadly, for such people, it would have been better calorie wise to skip the swim and the associated wings and beer afterwards. 
9:49 pm
October 15, 2015
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I liked his comment
Money is often a negative art. It has a lot to do with the actions you don’t take and things you avoid.
I read a book by a woman who didn't shop for a year and she says the key is to not browse (online shopping etc). So to curb my eating out i know i need to quit looking at menus online. I wish he had suggested some other strategies. Will power can be hard.
5:42 am
September 11, 2013
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Norman1, swimming for an hour, that's hard to do, I'm impressed! And after exercise your metabolism stays revved up for a few hours so you have to count those extra calories burned too, that's why you need the two beers!
11:35 am
April 6, 2013
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I can't claim to be able to swim for an hour, Bill!
But, people have told me that they do regularly. However, they look overweight and not anything like the swimmers one sees on TV. I used to dismiss their claims as exaggerations until one mentioned their regular after-swim stop at a bar on the way home.
Unfortunately, the increased metabolism and calorie burning after exercise don't apply to swimming. I read that is because the water is very good at removing the extra heat generated from swimming. With no significant elevation in body temperature, the increase in metabolism ends as soon as the swimming stops.
Swimming is good low-impact exercise. But, it is not the best exercise for burning calories. The Wellness Encyclopedia by the University of California, Berkely makes this comment about swimming:
Will swimming help you lose weight?
… Most overweight people don't swim fast enough or long enough. At a slow pace, twenty lengths of the pool may burn only 50 calories more than just staying afloat--hardly enough to make you lose weight.
4:42 pm
September 11, 2013
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Makes sense, Norman1, about no sweating while swimming. I swim 550 metres once a week but it only takes maybe about 10 minutes I'd guess, and once I've got my breath back (I'm pushing it for me, so I'm guessing I burn more than the 50 calories indicates for slow pace swimming by overweight people) I don't really feel drained or in recovery mode except I'm wide awake now. I do it because I think swimming is good for overall body muscles range of motion exercise without stress on joints, plus it's free as in southwestern Ontario the YMCAs have free Thursday memberships until 2:30pm or so for 55+. Not sure if they have the same in other areas of Canada. I'm done by 7:15 am or so, so no bar stop on the way home for me.
8:13 pm
April 6, 2013
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Yes, swimming is good exercise, even if it doesn't burn as many calories. All that joint movement causes fluid to circulate through the joint.
As you've found out, it also gets the blood circulating through the body too. 
8:28 pm
April 6, 2013
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christinad said
I liked his commentMoney is often a negative art. It has a lot to do with the actions you don’t take and things you avoid.
I read a book by a woman who didn't shop for a year and she says the key is to not browse (online shopping etc). So to curb my eating out i know i need to quit looking at menus online. I wish he had suggested some other strategies. Will power can be hard.
Perhaps, looking at Canadian Living magazine recipes instead would help with more eating at home.
There is definitely a negative art to building wealth. Some people think speculation is harmless. It is not as failed speculations will offset gains. The conservatively managed half of the portfolio may be growing by 8% per year. But, one won't be building any wealth if the speculative half is losing 12% per year.
12:32 pm
September 11, 2013
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Don't assume speculative investing is an automatic loss (no-one would do it if that was the case), it's pretty sweet when you hit the home run every now and then. I've found it can be quite rewarding, specifically if you're extremely selective, i.e. I generally don't do it but a few times in my life information happened to come to me that indicated to me there was an opportunity for large gains. But otherwise I 100% agree, speculation based on tips/rumours or just throwing darts based on media-available information is rarely going to work out, it's way too late and you're just being set up, in my view.
3:34 pm
April 6, 2013
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One does have to figure out if one is a successfully speculator. Most are not and kid themselves with the occasional success. The "even a broken clock is right twice a day" phenomenon.
It is no doubt exciting to speculate and see 2X or 3X one's investment with a success. But, if that only happens with 1 of 10 attempts, then those successes will fail to cover the losses on the failures.
One would then have been better off leaving the money in a HISA and either had some other kind of entertainment or got treatment for the gambling problem.
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